Hydrogen Compressors Market

Hydrogen Compressors Market by Lubrication Type (Oil-based, Oil-free), Type (Mechanical, Non-mechanical), Application (Hydrogen Infrastructure, Industrial (Oil Refining, Chemicals & Petrochemicals), Design Region - Global Forecast to 2028

Report Code: EP 8930 Feb, 2024, by marketsandmarkets.com

The global hydrogen compressors market size was valued USD 2.1 billion in 2023 and is poised to reach USD 2.6  billion by 2028; it is expected to record a CAGR of 4.5% during the forecast period. The initiatives by governments for clean fuel and innovations in the automotive industry are also contributing to the market's growth as well as growing demand for hydrogen fueling stations and the expansion of hydrogen gas pipelines.

Hydrogen Compressors Market

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Hydrogen Compressors Market Opportunities

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Hydrogen Compressors Market Dynamics

Driver: Substantial clean energy investments in developing economies

Clean energy investments often involve funding for the construction of hydrogen generating facilities, such as electrolyzers or reforming plants. Most hydrogen generated is in the form of low pressure. Compressors for hydrogen are used to increase its pressure so that it is suitable for storage, transportation and distribution. According to the International Energy Agency’s World Energy Investment Report 2023, the annual global energy investment is expected to reach USD 2.8 trillion in 2023, up nearly 15% from 2021 and bringing overall investment volume back to pre-crisis levels. The composition has evolved from clean energy investment as compared to the traditional fuel investment in 2022. More than USD 1.7 trillion will be allocated to clean energy, which includes renewable electricity, nuclear, grids, storage, low-emission fuels, efficiency improvements, and end-use renewables and electrification. The remaining funds, slightly more than USD 1 trillion, will be used to maintain fossil fuel supply and power, with coal accounting for approximately 15% and oil and gas accounting for the remainder. Investments in clean energy contribute to the overall growth of the hydrogen economy. As the demand for hydrogen increases across various sectors, including industry, transportation, and power generation, the need for hydrogen compressors to support storage and distribution infrastructure grows. Governments around the world are offering incentives, grants, and subsidies to support renewable energy and hydrogen-related projects.  Financial support promotes the implementation of hydrogen infrastructure, leading to increasing demand for hydrogen compressors.

Restraint: High maintenance cost of hydrogen compressors

Compressors enable the safe and cost-effective transportation of hydrogen across the value chain. Compressing hydrogen involves distinct technical hurdles, unlike other industrial gases like methane (CH4) or carbon dioxide (CO2). Reciprocating compressors are commonly used in hydrogen applications today. However, this compressor has limited gas flow capacity, particularly at low suction pressures. Reciprocating compressors have higher operating and maintenance expenses compared to rotating turbo compressors. A compressor’s lifecycle costs typically take three factors into account: initial investment, lifetime maintenance costs, and lifetime energy costs. Power or energy consumption accounts for nearly 88% of a compressor’s 10-year life span cost. Hydrogen compressors, especially oil-free options, often come with a high upfront cost compared to traditional compressors. This can deter potential buyers, particularly in developing countries or cost-sensitive applications.

Opportunities: Expansion of hydrogen fueling infrastructure

With the growing adoption of fuel cell vehicles (FCVs), there is a need to establish hydrogen refueling stations. In comparison to 2021, the use of hydrogen in road transportation grew by about 45% in 2022. In 2022, the global stock of fuel cell electric vehicles was approximately 59,000, with an increase of 15% as compared with 2021. In 2022, about 15,000 fuel cell cars were sold, with Korea accounting for roughly two-thirds of that growth. China still dominates hydrogen usage in the heavy-duty vehicle transportation sector. With more than 4,100 fuel cell buses on the road worldwide, it represents more than 85% of the market, and at the end of 2021, it will represent more than 95% of the market for fuel cell trucks.

Outside of China, the market for fuel cell trucks is anticipated to grow further. The Advanced Clean Truck Regulation in California and the Global Memorandum of Understanding on Zero Emission Medium- and Heavy-Duty Vehicles, which is backed by multiple countries, signed by 16 countries, and supported by industry stakeholders, put pressure on truck manufacturers to expand their selection of zero emissions trucks. To facilitate the use of hydrogen in long-haul heavy-duty trucks across Europe, H2Accelerate was also launched in Europe in late 2020 under the partnership of hydrogen suppliers, infrastructure operators, and vehicle manufacturers. Fuel cell vehicle deployment should be complemented by the concurrent construction of supporting infrastructure. In 2021, there were more than 730 hydrogen refueling stations operating, up more than 35.1% from the previous year. Japan accounted for the largest share, followed by China and South Korea.

Challenges: Lack of infrastructure to hinder hydrogen markets

The insufficiency in infrastructure presents a notable hurdle for the hydrogen compressors market, especially in the context of fostering resilient hydrogen markets. With the global demand for green hydrogen rising, the inadequacies in support structures impede the seamless incorporation of hydrogen compressors technology into broader energy systems. The deployment of hydrogen compressors is closely tied to the development of a hydrogen infrastructure. The limited availability of hydrogen refueling stations and distribution networks can be a restraint for the widespread adoption of hydrogen as a transportation fuel. According to the International Energy Agency (IEA), in the first quarter of 2022, two million electric cars were sold worldwide, and this number is expected to increase significantly in the coming years. While hydrogen cars are also environmentally friendly, the lack of infrastructure for refueling is limiting their market growth. If hydrogen technology does not become more refined globally, it may be replaced by electric cars. Toyota, Hyundai, and Honda have also been developing electric-powered vehicles to prepare for any potential changes in the market. Addressing this infrastructure deficit requires collaborative efforts from governments, industry stakeholders, and investors. Strategic planning, substantial investments, and implementing policy frameworks that support the development of a comprehensive hydrogen infrastructure are essential to overcoming this challenge. As the hydrogen compressors market endeavors to achieve widespread adoption, closing the infrastructure gap becomes imperative for ensuring the seamless and effective integration of hydrogen compressors into the dynamic landscape of clean energy solutions.

Hydrogen compressor
Market Ecosystem

 Prominent companies in this market include Atlas Copco AB (Sweden), Linde plc (Ireland), Siemens Energy (Germany), Air Products and Chemicals, Inc. (US), and Ingersoll Rand (US). In the hydrogen compressors market, notable companies stand out as well-established and financially stable providers of hydrogen compressor products and services. With years of experience, these companies offer a diverse product portfolio, cutting-edge technologies, and strong global sales and marketing networks. Their proven track record in the industry establishes them as dependable and trustworthy partners for customers looking for hydrogen compressor solutions. These businesses have demonstrated their ability to adapt to Market Dynamics

and consistently deliver high-quality products and services, making them leaders in meeting the demands of the energy and power sectors.

Hydrogen Compressors Market Ecosystem

The multi-stage compressor segment, by design, is expected to be the fastest growing market during the forecast period.

This report segments the hydrogen compressors market based on design into two types: Single-stage & Multi-stage. Several factors contribute to the multi-stage compressor category being the fastest-growing in the hydrogen compressor market. These compressors are generally used to fill storage tanks and hydrogen production plants, as well as to transfer hydrogen via pipes. The multi-stage architecture allows for hydrogen compression in multiple steps, which reduces temperature rise during compression, reduces labor required for compression, and improves overall efficiency. This is especially critical when dealing with the peculiar qualities of hydrogen gas, such as its low molecular weight and great compressibility. Furthermore, the demand for multi-stage compressors is driven by the increasing need for enhanced and more cost-effective hydrogen compression technologies, as well as the growing demand for hydrogen as an alternative fuel and renewable.

By type, mechanical segment is expected to be the largest segment during the forecast period.

This report segments the hydrogen compressors market based on type into two types: Mechanical and non-mechanical. Mechanical compressors used in hydrogen compression consist of reciprocating piston compressors, screw compressors & centrifugal compressors. Mechanical hydrogen compressors are essential for compressing hydrogen to high pressures required for transportation and various applications within the evolving hydrogen economy. Mechanical compressors are often more cost-effective in terms of both initial investment and ongoing maintenance costs. The specific requirements for hydrogen compression, such as tight tolerances, are well addressed by the design and functionality of mechanical compressors.

Asia-Pacific: The largest in the hydrogen compressors market.

Asia-Pacific is expected to be the largest region in the hydrogen compressors market between 2023–2028. Asia-Pacific's dominance in the hydrogen compressors market can be attributed to several key factors. The region is experiencing rapid industrialization, urbanization, and a substantial demand for energy and power. This surge in demand aligns with a growing focus on renewable energy sources, where hydrogen plays a pivotal role. Favorable government policies promoting sustainable practices and clean energy further drive the adoption of hydrogen compressors. Additionally, the Asia-Pacific region is witnessing significant growth in the reciprocating hydrogen compressor market, particularly due to the increasing emphasis on renewable energy. Key players in manufacturing hydrogen compressors in the Asia-Pacific region include prominent companies such as Siemens, Mitsubishi Power, Neuman & Esser Group, Atlas Copco AB.

Asia Pacific/APAC Hydrogen Compressors Market Size, and Share

Key Market Players

The hydrogen compressors market is dominated by a few major players that have a wide regional presence. The major players in the hydrogen compressor market include Atlas Copco AB (Sweden), Linde plc (Ireland), Siemens Energy (Germany), Air Products and Chemicals, Inc.  (US), Ingersoll Rand (US). Between 2019 and 2023, Strategies such as new product launches, contracts, agreements, partnerships, collaborations, acquisitions, and expansions are followed by these companies to capture a larger share of the hydrogen compressors market.

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Scope of the Report

Report Metric

Details

Market size available for years

2022–2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD Million/Billion), Volume (Units)

Segments Covered

Hydrogen compressor Market by Type, by lubrication type, by design, by end use application and Region.

Geographies covered

Asia Pacific, North America, Europe, South America, Middle East & Africa

Companies covered

Atlas Copco AB (Sweden), Linde plc (Ireland), Siemens Energy (Germany), Air Products and Chemicals, Inc.  (US), Ingersoll Rand (US), Mitsubishi Heavy Industries Ltd., (Japan), Hitachi Industrial Products, Ltd., (Japan), HAUG Sauer Kompressoren AG (Switzerland), KOBE STEEL, LTD. (Switzerland), Howden group (UK), NEUMAN & ESSER GROUP (UK), Sundyne, Indian Compressors Ltd. (India) Adicomp S.r.l. (Italy), Ariel Corporation (US), KEEPWIN TECHNOLOGY HEBEI CO., LTD., (China), Pure Energy Centre (UK), Aerotecnica Coltri S.p.a. (Italy), Fluitron (US), CYRUS S.A. (Greece).

This research report categorizes the Hydrogen compressor Market by type, by lubrication type, by design, by end-use application and Region.

On the basis of lubrication type:
  • Oil-based
  • Oil-free
On the basis of End user:
  • Hydrogen Infrastructure
    • Hydrogen storage & transportation
    • Hydrogen refueling stations
  • Industrial application
    • Oil refining
    • Chemicals & Petrochemicals
    • Others
On the basis of type:
  • Mechanical Compressor
  • Non-mechanical Compressor
On the basis of design:
  • Single-stage
  • Multi-stage
Based on region:
  • Europe
  • Asia Pacific
  • North America
  • South America
  • Middle East & Africa

Recent Developments

  • In October 2023, Atlas Copco Compressors is partnering with Hoffman & Hoffman to develop a new distributor agreement for Atlas Copco's whole line of industrial process cooling solutions. Hoffman & Hoffman will exclusively represent the product line throughout South Carolina, North Carolina, Virginia, and Tennessee.
  • Atlas Copco has joined hands with Octopus Hydrogen to supply deliver Octopus Hydrogen 3-stage boosters grade green hydrogen.
  • In June 2023, Ingersoll Rand entered into an agreement to acquire Howden Roots. Roots is a leading provider of low-pressure compression and vacuum technologies.
  • In April 2021, Linde plc & AGR joined hands. Linde plc will supply various products & services to AGR. The project encompasses proton exchange membrane (PEM) electrolyzers, compressors, storage tanks and high-performance fueling stations.
  • In June 2021, Air Products and Baker Hughes to Collaborate on Global Hydrogen Projects.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 27)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
           1.3.4 CURRENCY CONSIDERED
    1.4 LIMITATIONS 
    1.5 STAKEHOLDERS 
    1.6 RECESSION IMPACT ON HYDROGEN COMPRESSORS MARKET 
 
2 RESEARCH METHODOLOGY (Page No. - 32)
    2.1 RESEARCH DATA 
           FIGURE 1 HYDROGEN COMPRESSORS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primaries
                               FIGURE 2 HYDROGEN COMPRESSORS MARKET: BREAKDOWN OF PRIMARIES
    2.2 DATA TRIANGULATION 
           FIGURE 3 HYDROGEN COMPRESSORS MARKET: DATA TRIANGULATION
    2.3 MARKET SIZE ESTIMATION 
           2.3.1 BOTTOM-UP APPROACH
                    FIGURE 4 HYDROGEN COMPRESSORS MARKET: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 5 HYDROGEN COMPRESSORS MARKET: TOP-DOWN APPROACH
           2.3.3 DEMAND-SIDE ANALYSIS
                    FIGURE 6 HYDROGEN COMPRESSORS MARKET: DEMAND-SIDE ANALYSIS
                    FIGURE 7 KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR HYDROGEN COMPRESSORS
                    2.3.3.1 Demand-side assumptions
                    2.3.3.2 Demand-side calculations
           2.3.4 SUPPLY-SIDE ANALYSIS
                    FIGURE 8 KEY METRICS CONSIDERED TO ANALYZE SUPPLY OF HYDROGEN COMPRESSORS
                    FIGURE 9 HYDROGEN COMPRESSORS MARKET: SUPPLY-SIDE ANALYSIS
                    2.3.4.1 Supply-side assumptions and calculations
                               FIGURE 10 HYDROGEN COMPRESSORS MARKET: MARKET SHARE ANALYSIS, 2022
    2.4 FORECAST 
    2.5 STUDY LIMITATIONS 
    2.6 RISK ASSESSMENT 
    2.7 RECESSION IMPACT 
 
3 EXECUTIVE SUMMARY (Page No. - 43)
    TABLE 1 HYDROGEN COMPRESSORS MARKET SNAPSHOT 
    FIGURE 11 MECHANICAL COMPRESSORS SEGMENT TO DOMINATE MARKET, BY TYPE, IN 2028 
    FIGURE 12 INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGER SHARE OF MARKET, BY APPLICATION, DURING FORECAST PERIOD 
    FIGURE 13 MULTI-STAGE SEGMENT TO LEAD MARKET, BY DESIGN, IN 2028 
    FIGURE 14 OIL-BASED SEGMENT TO ACCOUNT FOR LARGER SHARE OF MARKET, BY LUBRICATION TYPE, DURING FORECAST PERIOD 
    FIGURE 15 ASIA PACIFIC HELD LARGEST SHARE OF MARKET IN 2022 
 
4 PREMIUM INSIGHTS (Page No. - 48)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYDROGEN COMPRESSORS MARKET 
           FIGURE 16 INCREASING DEMAND FOR CLEAN ENERGY AND INDUSTRIAL GROWTH TO DRIVE MARKET DURING FORECAST PERIOD
    4.2 MARKET, BY REGION 
           FIGURE 17 MARKET TO WITNESS FASTEST GROWTH IN ASIA PACIFIC DURING FORECAST PERIOD
    4.3 MARKET, BY TYPE 
           FIGURE 18 MECHANICAL COMPRESSORS SEGMENT DOMINATED MARKET IN 2022
    4.4 MARKET, BY DESIGN 
           FIGURE 19 MULTI-STAGE SEGMENT HELD LARGER SHARE OF MARKET IN 2022
    4.5 MARKET, BY LUBRICATION TYPE 
           FIGURE 20 OIL-BASED SEGMENT ACCOUNTED FOR LARGER SHARE OF MARKET IN 2022
    4.6 MARKET, BY APPLICATION 
           FIGURE 21 INDUSTRIAL SEGMENT ACCOUNTED FOR LARGER SHARE OF MARKET IN 2022
    4.7 ASIA PACIFIC: MARKET, BY APPLICATION AND COUNTRY 
           FIGURE 22 INDUSTRIAL APPLICATION AND CHINA DOMINATED MARKET IN ASIA PACIFIC IN 2022
 
5 MARKET OVERVIEW (Page No. - 52)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 23 HYDROGEN COMPRESSORS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Government initiatives and policies to curb greenhouse gas (GHG) emissions
                               FIGURE 24 CUMULATIVE EMISSION REDUCTION, BY MITIGATION MEASURE, 2021–2050
                    5.2.1.2 Substantial clean energy investments in developing economies
                               FIGURE 25 GLOBAL CLEAN ENERGY INVESTMENTS, 2015–2023
                    5.2.1.3 Rising demand for oil-free hydrogen compressors
           5.2.2 RESTRAINTS
                    5.2.2.1 High maintenance cost of hydrogen compressors
                    5.2.2.2 Safety standards associated with hydrogen compressors
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing emphasis on net-zero carbon emission goals
                    5.2.3.2 Expansion of hydrogen refueling infrastructure
                    5.2.3.3 Increased demand for hydrogen compressors from oil & gas industry
           5.2.4 CHALLENGES
                    5.2.4.1 Underdeveloped hydrogen infrastructure
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
    5.4 PRICING ANALYSIS 
           5.4.1 AVERAGE SELLING PRICE TREND, BY REGION
                    TABLE 2 AVERAGE SELLING PRICE TREND, BY REGION
           5.4.2 INDICATIVE PRICING TREND, BY TYPE
    5.5 SUPPLY CHAIN ANALYSIS 
           FIGURE 27 MARKET: SUPPLY CHAIN ANALYSIS
           5.5.1 RAW MATERIAL SUPPLIERS
           5.5.2 COMPONENT PROVIDERS
           5.5.3 HYDROGEN COMPRESSOR MANUFACTURERS
           5.5.4 END USERS
                    TABLE 3 MARKET: ROLE OF COMPANIES IN SUPPLY CHAIN
    5.6 ECOSYSTEM/MARKET MAP 
           FIGURE 28 MARKET: ECOSYSTEM/MARKET MAP
    5.7 TRADE ANALYSIS 
           5.7.1 EXPORT SCENARIO
                    TABLE 4 EXPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 280410, BY COUNTRY, 2020–2022 (USD THOUSAND)
                    FIGURE 29 EXPORT DATA FOR HS CODE 280410-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2022 (USD THOUSAND)
           5.7.2 IMPORT SCENARIO
                    TABLE 5 IMPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 280410, BY COUNTRY, 2020–2022 (USD THOUSAND)
                    FIGURE 30 IMPORT DATA FOR HS CODE 280410-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2022 (USD THOUSAND)
    5.8 TECHNOLOGY ANALYSIS 
           5.8.1 RECIPROCATING COMPRESSORS
           5.8.2 ROTARY COMPRESSORS
           5.8.3 IONIC COMPRESSORS
           5.8.4 CENTRIFUGAL COMPRESSORS
           5.8.5 NON-MECHANICAL COMPRESSORS
    5.9 CASE STUDY ANALYSIS 
           5.9.1 ADOPTION OF HYDROGEN COMPRESSION FOR FUELING STATIONS
                    5.9.1.1 Problem statement
                    5.9.1.2 Solution
           5.9.2 HOWDEN AND PIONEER EPC CONTRACTOR PARTNERED TO INTEGRATE HYDROGEN COMPRESSORS IN REFINERIES
                    5.9.2.1 Problem statement
                    5.9.2.2 Solution
    5.10 KEY CONFERENCES AND EVENTS, 2024–2025 
           TABLE 6 MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024–2025
    5.11 PATENT ANALYSIS 
                    FIGURE 31 MARKET: PATENTS APPLIED AND GRANTED, 2013–2023
           5.11.1 LIST OF MAJOR PATENTS
                    TABLE 7 HYDROGEN COMPRESSORS: INNOVATIONS AND PATENT REGISTRATIONS, MARCH 2019–DECEMBER 2023
    5.12 TARIFF AND REGULATORY LANDSCAPE 
           5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.12.2 MARKET: REGULATORY FRAMEWORK
                    TABLE 11 REGULATORY FRAMEWORK: MARKET, BY REGION
    5.13 PORTER’S FIVE FORCES ANALYSIS 
                    FIGURE 32 MARKET: PORTER’S FIVE FORCES ANALYSIS
                    TABLE 12 MARKET: IMPACT OF PORTER’S FIVE FORCES, 2022
           5.13.1 THREAT OF NEW ENTRANTS
           5.13.2 BARGAINING POWER OF SUPPLIERS
           5.13.3 BARGAINING POWER OF BUYERS
           5.13.4 THREAT OF SUBSTITUTES
           5.13.5 INTENSITY OF COMPETITIVE RIVALRY
    5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS
                    TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION (%)
           5.14.2 BUYING CRITERIA
                    FIGURE 34 BUYING CRITERIA FOR TOP 3 APPLICATIONS
 
6 HYDROGEN COMPRESSORS MARKET, BY TYPE (Page No. - 78)
    6.1 INTRODUCTION 
           FIGURE 35 MARKET SHARE, IN TERMS OF VALUE, BY TYPE, 2022
           TABLE 14 MARKET, BY TYPE, 2022–2028 (USD MILLION)
    6.2 MECHANICAL COMPRESSORS 
           6.2.1 SUITABILITY FOR VARIOUS APPLICATIONS TO PROPEL DEMAND FOR MECHANICAL COMPRESSORS
                    6.2.1.1 Reciprocating compressors
                    6.2.1.2 Rotary compressors
                    6.2.1.3 Ionic compressors
                    6.2.1.4 Centrifugal compressors
                               TABLE 15 MECHANICAL COMPRESSORS: MARKET, BY REGION, 2022–2028 (USD MILLION)
    6.3 NON-MECHANICAL COMPRESSORS 
           6.3.1 ADVANTAGES SUCH AS LACK OF MOVING PARTS AND COMPACT SIZE TO INDUCE DEMAND FOR NON-MECHANICAL COMPRESSORS
                    6.3.1.1 Metal hydride compressors
                    6.3.1.2 Electrochemical hydrogen compressors (EHCs)
                    6.3.1.3 Adsorption–desorption compressors
                               TABLE 16 NON-MECHANICAL COMPRESSORS: MARKET, BY REGION, 2022–2028 (USD MILLION)
 
7 HYDROGEN COMPRESSORS MARKET, BY DESIGN (Page No. - 83)
    7.1 INTRODUCTION 
           FIGURE 36 MARKET SHARE, IN TERMS OF VALUE, BY DESIGN, 2022
           TABLE 17 MARKET, BY DESIGN, 2022–2028 (USD MILLION)
    7.2 SINGLE-STAGE 
           7.2.1 GROWING INVESTMENTS IN OIL REFINERIES TO PROPEL DEMAND FOR SINGLE-STAGE HYDROGEN COMPRESSORS
                    TABLE 18 SINGLE-STAGE: MARKET, BY REGION, 2022–2028 (USD MILLION)
    7.3 MULTI-STAGE 
           7.3.1 USE OF MULTI-STAGE COMPRESSORS IN HEAVY-DUTY APPLICATIONS TO DRIVE SEGMENT
                    TABLE 19 MULTI-STAGE: MARKET, BY REGION, 2022–2028 (USD MILLION)
 
8 HYDROGEN COMPRESSORS MARKET, BY LUBRICATION TYPE (Page No. - 86)
    8.1 INTRODUCTION 
           FIGURE 37 MARKET SHARE, IN TERMS OF VALUE, BY LUBRICATION TYPE, 2022
           TABLE 20 MARKET, BY LUBRICATION TYPE, 2022–2028 (USD MILLION)
    8.2 OIL-BASED COMPRESSORS 
           8.2.1 RELIABILITY AND VERSATILE NATURE TO FUEL DEMAND FOR OIL-BASED COMPRESSORS
                    TABLE 21 OIL-BASED COMPRESSORS: MARKET, BY REGION, 2022–2028 (USD MILLION)
    8.3 OIL-FREE COMPRESSORS 
           8.3.1 ABILITY TO PROVIDE HIGH-QUALITY AIR FREE FROM CONTAMINATION TO BOOST DEMAND FOR OIL-FREE COMPRESSORS
                    TABLE 22 OIL-FREE COMPRESSORS: MARKET, BY REGION, 2022–2028 (USD MILLION)
 
9 HYDROGEN COMPRESSORS MARKET, BY APPLICATION (Page No. - 90)
    9.1 INTRODUCTION 
           FIGURE 38 MARKET SHARE, IN TERMS OF VALUE, BY APPLICATION, 2022
           TABLE 23 MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
           TABLE 24 MARKET, BY HYDROGEN INFRASTRUCTURE APPLICATION, 2022–2028 (USD MILLION)
           TABLE 25 MARKET, BY INDUSTRIAL APPLICATION, 2022–2028 (USD MILLION)
    9.2 HYDROGEN INFRASTRUCTURE 
           TABLE 26 HYDROGEN INFRASTRUCTURE: MARKET, BY REGION, 2022–2028 (USD MILLION)
           9.2.1 HYDROGEN STORAGE & PIPELINE TRANSPORTATION
                    9.2.1.1 Need to increase storage density and minimize storage volume to boost adoption of hydrogen compressors
                               TABLE 27 HYDROGEN STORAGE & PIPELINE TRANSPORTATION: MARKET, BY REGION, 2022–2028 (USD MILLION)
           9.2.2 HYDROGEN REFUELING STATIONS
                    9.2.2.1 Increased adoption of fuel cell vehicles to drive segment
                               TABLE 28 HYDROGEN REFUELING STATIONS: MARKET, BY REGION, 2022–2028 (USD MILLION)
    9.3 INDUSTRIAL 
           TABLE 29 INDUSTRIAL: MARKET, BY REGION, 2022–2028 (USD MILLION)
           9.3.1 OIL REFINING
                    9.3.1.1 Growing use of hydrogen in various oil refining processes to drive segment
                               TABLE 30 OIL REFINING: MARKET, BY REGION, 2022–2028 (USD MILLION)
           9.3.2 CHEMICAL & PETROCHEMICAL
                    9.3.2.1 Increasing demand for chemical- and petrochemical-derived products to drive segment
                               TABLE 31 CHEMICAL & PETROCHEMICAL: MARKET, BY REGION, 2022–2028 (USD MILLION)
           9.3.3 OTHER INDUSTRIAL APPLICATIONS
                    TABLE 32 OTHER INDUSTRIAL APPLICATIONS: MARKET, BY REGION, 2022–2028 (USD MILLION)
 
10 HYDROGEN COMPRESSORS MARKET, BY REGION (Page No. - 99)
     10.1 INTRODUCTION 
               FIGURE 39 MARKET SHARE, IN TERMS OF VALUE, BY REGION, 2022
               FIGURE 40 MARKET TO REGISTER HIGHEST CAGR IN ASIA PACIFIC FROM 2023 TO 2028
               TABLE 33 MARKET, BY REGION, 2022–2028 (USD MILLION)
               TABLE 34 MARKET, BY REGION, 2022–2028 (UNITS)
     10.2 NORTH AMERICA 
               FIGURE 41 NORTH AMERICA: MARKET SNAPSHOT
             10.2.1 NORTH AMERICA: RECESSION IMPACT
             10.2.2 BY LUBRICATION TYPE
                       TABLE 35 NORTH AMERICA: MARKET, BY LUBRICATION TYPE, 2022–2028 (USD MILLION)
             10.2.3 BY TYPE
                       TABLE 36 NORTH AMERICA: MARKET, BY TYPE, 2022–2028 (USD MILLION)
             10.2.4 BY DESIGN
                       TABLE 37 NORTH AMERICA: MARKET, BY DESIGN, 2022–2028 (USD MILLION)
             10.2.5 BY APPLICATION
                       TABLE 38 NORTH AMERICA: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                       TABLE 39 NORTH AMERICA: MARKET, BY HYDROGEN INFRASTRUCTURE APPLICATION, 2022–2028 (USD MILLION)
                       TABLE 40 NORTH AMERICA: MARKET, BY INDUSTRIAL APPLICATION, 2022–2028 (USD MILLION)
                       TABLE 41 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
                       10.2.5.1 US
                                   10.2.5.1.1 Growing oil and gas exploration operations to boost demand for hydrogen compressors
                                                 TABLE 42 US: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                       10.2.5.2 Canada
                                   10.2.5.2.1 Investment by key players in hydrogen compressors and new technologies to augment market growth
                                                 TABLE 43 CANADA: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
     10.3 ASIA PACIFIC 
               FIGURE 42 ASIA PACIFIC: MARKET SNAPSHOT
             10.3.1 ASIA PACIFIC: RECESSION IMPACT
             10.3.2 BY LUBRICATION TYPE
                       TABLE 44 ASIA PACIFIC: MARKET, BY LUBRICATION TYPE, 2022–2028 (USD MILLION)
             10.3.3 BY TYPE
                       TABLE 45 ASIA PACIFIC: MARKET, BY TYPE, 2022–2028 (USD MILLION)
             10.3.4 BY DESIGN
                       TABLE 46 ASIA PACIFIC: MARKET, BY DESIGN, 2022–2028 (USD MILLION)
             10.3.5 BY APPLICATION
                       TABLE 47 ASIA PACIFIC: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                       TABLE 48 ASIA PACIFIC: MARKET, BY HYDROGEN INFRASTRUCTURE APPLICATION, 2022–2028 (USD MILLION)
                       TABLE 49 ASIA PACIFIC: MARKET, BY INDUSTRIAL APPLICATION, 2022–2028 (USD MILLION)
             10.3.6 BY COUNTRY
                       TABLE 50 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
                       10.3.6.1 China
                                   10.3.6.1.1 Focus on domestic production of hydrogen compressors to foster market growth
                                                 TABLE 51 CHINA: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                       10.3.6.2 Japan
                                   10.3.6.2.1 Government push toward carbon neutrality to boost adoption of hydrogen compressors
                                                 TABLE 52 JAPAN: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                       10.3.6.3 South Korea
                                   10.3.6.3.1 Focus on developing hydrogen refueling stations in coming years to create opportunities for market players
                                                 TABLE 53 SOUTH KOREA: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                       10.3.6.4 India
                                   10.3.6.4.1 Growing hydrogen exploration operations to drive market
                                                 TABLE 54 INDIA: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                       10.3.6.5 Australia
                                   10.3.6.5.1 Significant potential for hydrogen production and government focus on renewable energy to drive market
                                                 TABLE 55 AUSTRALIA: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                       10.3.6.6 Rest of Asia Pacific
                                   TABLE 56 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
     10.4 EUROPE 
             10.4.1 EUROPE: RECESSION IMPACT
             10.4.2 BY LUBRICATION TYPE
                       TABLE 57 EUROPE: MARKET, BY LUBRICATION TYPE, 2022–2028 (USD MILLION)
             10.4.3 BY TYPE
                       TABLE 58 EUROPE: MARKET, BY TYPE, 2022–2028 (USD MILLION)
             10.4.4 BY DESIGN
                       TABLE 59 EUROPE: MARKET, BY DESIGN, 2022–2028 (USD MILLION)
             10.4.5 BY APPLICATION
                       TABLE 60 EUROPE: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                       TABLE 61 EUROPE: MARKET, BY HYDROGEN INFRASTRUCTURE APPLICATION, 2022–2028 (USD MILLION)
                       TABLE 62 EUROPE: MARKET, BY INDUSTRIAL APPLICATION, 2022–2028 (USD MILLION)
             10.4.6 BY COUNTRY
                       TABLE 63 EUROPE: MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
                       10.4.6.1 Germany
                                   10.4.6.1.1 Efforts to advance hydrogen infrastructure and promote shift toward green energy to drive market
                                                 TABLE 64 GERMANY: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                       10.4.6.2 France
                                   10.4.6.2.1 Investment by key players in hydrogen compressors to propel market
                                                 TABLE 65 FRANCE: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                       10.4.6.3 UK
                                   10.4.6.3.1 Government focus on transitioning to low-carbon economy to favor market growth
                                                 TABLE 66 UK: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                       10.4.6.4 Italy
                                   10.4.6.4.1 Demand from refining and chemicals industries to underpin market growth
                                                 TABLE 67 ITALY: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                       10.4.6.5 Norway
                                   10.4.6.5.1 Active participation in development of hydrogen compressors and storage systems to support market growth
                                                  TABLE 68 NORWAY: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                       10.4.6.6 Rest of Europe
                                   TABLE 69 REST OF EUROPE: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
     10.5 MIDDLE EAST & AFRICA 
             10.5.1 MIDDLE EAST & AFRICA: RECESSION IMPACT
             10.5.2 BY LUBRICATION TYPE
                       TABLE 70 MIDDLE EAST & AFRICA: MARKET, BY LUBRICATION TYPE, 2022–2028 (USD MILLION)
             10.5.3 BY TYPE
                       TABLE 71 MIDDLE EAST & AFRICA: MARKET, BY TYPE, 2022–2028 (USD MILLION)
             10.5.4 BY DESIGN
                       TABLE 72 MIDDLE EAST & AFRICA: MARKET, BY DESIGN, 2022–2028 (USD MILLION)
             10.5.5 BY APPLICATION
                       TABLE 73 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                       TABLE 74 MIDDLE EAST & AFRICA: MARKET, BY HYDROGEN INFRASTRUCTURE APPLICATION, 2022–2028 (USD MILLION)
                       TABLE 75 MIDDLE EAST & AFRICA: MARKET, BY INDUSTRIAL APPLICATION, 2022–2028 (USD MILLION)
             10.5.6 BY COUNTRY
                       TABLE 76 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
                       TABLE 77 GCC COUNTRIES: MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
                       10.5.6.1 GCC Countries
                                   10.5.6.1.1 Saudi Arabia
                                                    10.5.6.1.1.1 Substantial investments in hydrogen generation by government to drive market
                                                                     TABLE 78 SAUDI ARABIA: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                   10.5.6.1.2 UAE
                                                    10.5.6.1.2.1 Significant investments in hydrogen sector to drive market
                                                                    TABLE 79 UAE: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                   10.5.6.1.3 Qatar
                                                    10.5.6.1.3.1 Investment by key players in R&D Activities to boost market growth
                                                                    TABLE 80 QATAR: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                   10.5.6.1.4 Rest of GCC
                                                 TABLE 81 REST OF GCC: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                       10.5.6.2 South Africa
                                   10.5.6.2.1 Active government investments in hydrogen-related initiatives to drive market
                                                 TABLE 82 SOUTH AFRICA: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                       10.5.6.3 Rest of Middle East & Africa
                                   TABLE 83 REST OF MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
     10.6 SOUTH AMERICA 
             10.6.1 RECESSION IMPACT: SOUTH AMERICA
             10.6.2 BY LUBRICATION TYPE
                       TABLE 84 SOUTH AMERICA: MARKET, BY LUBRICATION TYPE, 2022–2028 (USD MILLION)
             10.6.3 BY TYPE
                       TABLE 85 SOUTH AMERICA: MARKET, BY TYPE, 2022–2028 (USD MILLION)
             10.6.4 BY DESIGN
                       TABLE 86 SOUTH AMERICA: MARKET, BY DESIGN, 2022–2028 (USD MILLION)
             10.6.5 BY APPLICATION
                       TABLE 87 SOUTH AMERICA: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                       TABLE 88 SOUTH AMERICA: MARKET, BY HYDROGEN INFRASTRUCTURE APPLICATION, 2022–2028 (USD MILLION)
                       TABLE 89 SOUTH AMERICA: MARKET, BY INDUSTRIAL APPLICATION, 2022–2028 (USD MILLION)
                       TABLE 90 SOUTH AMERICA: MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
                       10.6.5.1 Brazil
                                   10.6.5.1.1 Collaborations and partnerships among key players and government bodies to drive market expansion
                                                TABLE 91 BRAZIL: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                       10.6.5.2 Argentina
                                   10.6.5.2.1 Investment by key players in hydrogen compressors and new technologies to boost market
                                                TABLE 92 ARGENTINA: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                       10.6.5.3 Rest of South America
                       10.6.5.4 By application
                                   TABLE 93 REST OF SOUTH AMERICA: MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
 
11 COMPETITIVE LANDSCAPE (Page No. - 135)
     11.1 OVERVIEW 
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS, 2019–2023 
     11.3 MARKET SHARE ANALYSIS, 2022 
               TABLE 94 MARKET: DEGREE OF COMPETITION
               FIGURE 43 MARKET SHARE ANALYSIS OF TOP PLAYERS, 2022
     11.4 REVENUE ANALYSIS, 2020–2022 
               FIGURE 44 REVENUE ANALYSIS, 2020–2022
     11.5 COMPETITIVE SCENARIOS AND TRENDS 
             11.5.1 DEALS
                       TABLE 95 MARKET: DEALS, 2019–2023
             11.5.2 OTHERS
                       TABLE 96 MARKET: OTHERS, NOVEMBER 2022
     11.6 COMPANY EVALUATION MATRIX: KEY PLAYERS 
             11.6.1 STARS
             11.6.2 EMERGING LEADERS
             11.6.3 PERVASIVE PLAYERS
             11.6.4 PARTICIPANTS
                       FIGURE 45 MARKET: COMPANY EVALUATION MATRIX (KEY COMPANIES), 2022
             11.6.5 COMPANY FOOTPRINT
                       TABLE 97 HYDROGEN COMPRESSOR MARKET: MARKET FOOTPRINT
                       TABLE 98 OVERALL COMPANY FOOTPRINT (KEY PLAYERS)
                       TABLE 99 TYPE: COMPANY FOOTPRINT (KEY PLAYERS)
                       TABLE 100 LUBRICATION TYPE: COMPANY FOOTPRINT (KEY PLAYERS)
                       TABLE 101 DESIGN: COMPANY FOOTPRINT (KEY PLAYERS)
                       TABLE 102 APPLICATION: COMPANY FOOTPRINT (KEY PLAYERS)
                       TABLE 103 REGION: COMPANY FOOTPRINT (KEY PLAYERS)
     11.7 COMPANY EVALUATION MATRIX: OTHER PLAYERS 
             11.7.1 STARS
             11.7.2 EMERGING LEADERS
             11.7.3 PERVASIVE PLAYERS
             11.7.4 PARTICIPANTS
                       FIGURE 46 MARKET: COMPANY EVALUATION MATRIX (OTHER PLAYERS), 2022
             11.7.5 COMPETITIVE BENCHMARKING
                       TABLE 104 MARKET: COMPETITIVE BENCHMARKING OF OTHER PLAYERS
                       TABLE 105 PRODUCT: COMPANY FOOTPRINT (OTHER PLAYERS)
                       TABLE 106 TYPE: COMPANY FOOTPRINT (OTHER PLAYERS)
                       TABLE 107 LUBRICATION TYPE: COMPANY FOOTPRINT (OTHER PLAYERS)
                       TABLE 108 DESIGN: COMPANY FOOTPRINT (OTHER PLAYERS)
                       TABLE 109 APPLICATION: COMPANY FOOTPRINT (OTHER PLAYERS)
                       TABLE 110 REGION: COMPANY FOOTPRINT (OTHER PLAYERS)
 
12 COMPANY PROFILES (Page No. - 154)
     12.1 KEY COMPANIES 
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
             12.1.1 ATLAS COPCO AB
                       TABLE 111 ATLAS COPCO AB: COMPANY OVERVIEW
                       FIGURE 47 ATLAS COPCO AB: COMPANY SNAPSHOT
                       TABLE 112 ATLAS COPCO AB: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 113 ATLAS COPCO AB: PRODUCT LAUNCHES
                       TABLE 114 ATLAS COPCO AB: DEALS
             12.1.2 LINDE PLC
                       TABLE 115 LINDE PLC: COMPANY OVERVIEW
                       FIGURE 48 LINDE PLC: COMPANY SNAPSHOT
                       TABLE 116 LINDE PLC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 117 LINDE PLC: DEALS
             12.1.3 AIR PRODUCTS AND CHEMICALS, INC.
                       TABLE 118 AIR PRODUCTS AND CHEMICALS, INC.: COMPANY OVERVIEW
                       FIGURE 49 AIR PRODUCTS AND CHEMICALS, INC.: COMPANY SNAPSHOT
                       TABLE 119 AIR PRODUCTS AND CHEMICALS, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 120 AIR PRODUCTS AND CHEMICALS, INC.: DEALS
                       TABLE 121 AIR PRODUCTS AND CHEMICALS, INC.: OTHERS
             12.1.4 INGERSOLL RAND
                       TABLE 122 INGERSOLL RAND: COMPANY OVERVIEW
                       FIGURE 50 INGERSOLL RAND: COMPANY SNAPSHOT
                       TABLE 123 INGERSOLL RAND: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 124 INGERSOLL RAND: DEALS
                       TABLE 125 INGERSOLL RAND: OTHERS
             12.1.5 SIEMENS ENERGY
                       TABLE 126 SIEMENS ENERGY: COMPANY OVERVIEW
                       FIGURE 51 SIEMENS ENERGY: COMPANY SNAPSHOT
                       TABLE 127 SIEMENS ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.6 MITSUBISHI HEAVY INDUSTRIES, LTD.
                       TABLE 128 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW
                       FIGURE 52 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
                       TABLE 129 MITSUBISHI INDUSTRIES, LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.7 KOBE STEEL, LTD.
                       TABLE 130 KOBE STEEL, LTD.: COMPANY OVERVIEW
                       FIGURE 53 KOBE STEEL, LTD.: COMPANY SNAPSHOT
                       TABLE 131 KOBE STEEL, LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.8 HITACHI INDUSTRIAL PRODUCTS, LTD.
                       TABLE 132 HITACHI INDUSTRIAL PRODUCTS, LTD.: COMPANY OVERVIEW
                       FIGURE 54 HITACHI INDUSTRIAL PRODUCTS, LTD.: COMPANY SNAPSHOT
                       TABLE 133 HITACHI INDUSTRIAL PRODUCTS, LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.9 SUNDYNE
                       TABLE 134 SUNDYNE: COMPANY OVERVIEW
                       TABLE 135 SUNDYNE: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 136 SUNDYNE: PRODUCT LAUNCHES
             12.1.10 HOWDEN GROUP
                       TABLE 137 HOWDEN GROUP: COMPANY OVERVIEW
                       TABLE 138 HOWDEN GROUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 139 HOWDEN GROUP: DEALS
             12.1.11 NEUMAN & ESSER GROUP
                       TABLE 140 NEUMAN & ESSER GROUP: COMPANY OVERVIEW
                       TABLE 141 NEUMAN & ESSER GROUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 142 NEUMAN & ESSER GROUP: DEALS
             12.1.12 HAUG SAUER KOMPRESSOREN AG
                       TABLE 143 HAUG SAUER KOMPRESSOREN AG: COMPANY OVERVIEW
                       TABLE 144 HAUG SAUER KOMPRESSOREN AG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 145 HAUG SAUER KOMPRESSOREN AG: PRODUCT LAUNCHES
             12.1.13 ARIEL CORPORATION
                       TABLE 146 ARIEL CORPORATION: COMPANY OVERVIEW
                       TABLE 147 ARIEL CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 148 ARIEL CORPORATION: DEALS
             12.1.14 INDIAN COMPRESSORS LTD
                       TABLE 149 INDIAN COMPRESSORS LTD: COMPANY OVERVIEW
                       TABLE 150 INDIAN COMPRESSORS LTD : PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.15 ADICOMP S.R.L.
                       TABLE 151 ADICOMP S.R.L: COMPANY OVERVIEW
                       TABLE 152 ADICOMP S.R.L.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
     12.2 OTHER PLAYERS 
             12.2.1 KEEPWIN TECHNOLOGY HEBEI CO., LTD
             12.2.2 PURE ENERGY CENTRE
             12.2.3 FLUITRON
             12.2.4 CYRUS S.A.
             12.2.5 AEROTECNICA COLTRI S.P.A.
             12.2.6 HYDRO-PAC, INC.
             12.2.7 SOLLANT
             12.2.8 IDEX INDIA
             12.2.9 MEHRER COMPRESSION GMBH
             12.2.10 GRUPPO SIAD
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
 
13 APPENDIX (Page No. - 194)
     13.1 INSIGHTS FROM INDUSTRY EXPERTS 
     13.2 DISCUSSION GUIDE 
     13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.4 CUSTOMIZATION OPTIONS 
     13.5 RELATED REPORTS 
     13.6 AUTHOR DETAILS 

The study involved major activities in estimating the current size of the hydrogen compressor market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

This research study on the hydrogen compressor market involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg, Factiva, IRENA, International Energy Agency, and Statista Industry Journal, to collect and identify information useful for a technical, market-oriented, and commercial study of the hydrogen compressor market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

The hydrogen compressor market comprises several stakeholders, such as hydrogen compressors manufacturers, component providers, and technical support providers in the supply chain. The demand side of this market is characterized by the rising demand for hydrogen compressor in various end-use applications such as hydrogen infrastructure and industrial applications. The supply side is characterized by rising demand for contracts from the industrial sector and mergers & acquisitions among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Hydrogen Compressors Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the hydrogen compressor market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market share has been determined through primary and secondary research.
  • The industry’s value chain and market size, in terms of value, have been determined through both primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Hydrogen compressor Market Size: Top-Down Approach

Hydrogen Compressors Market Top Down Approach

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Hydrogen compressor Market Size: Bottom-Up Approach

Hydrogen Compressors Market Bottom Up Approach

Data Triangulation

After arriving at the overall market size from the above estimation process, the total market has been split into several segments and subsegments. Data triangulation and market breakdown processes have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand- and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.

Market Definition

Hydrogen is the lightest and most abundant element. It is normally produced at relatively low pressures (20-30 bar) and must be compressed before transportation. A hydrogen compressor is a mechanical device that increases the pressure of hydrogen gas by reducing its volume. The hydrogen compressors are vital for several applications such as refueling stations, oil & gas industries, chemical industries, and other end use applications that require hydrogen to be stored, transported, or used at higher pressures than what is normally produced or provided.

The hydrogen compressors market is defined as the sum of the revenue generated by companies providing hydrogen compressors across various end users such as oil & gas, chemicals, refueling stations, other end uses and overall hydrogen value chain. The hydrogen compressors market has been analyzed for North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Key Stakeholders

  • Hydrogen compressor manufacturers and suppliers
  • Energy and Power companies
  • Hydrogen infrastructure developers
  • Green hydrogen producers
  • R&D laboratories
  • Chemical Industries
  • Oil & Gas companies
  • Hydrogen refueling station providers
  • Institutional investors
  • Consulting companies from the energy & power sector
  • Government and research organizations
  • Renewable energy providers

Objectives of the Study

  • To define, describe, segment, and forecast the hydrogen compressors market size, by lubrication type, type, design, and end user, in terms of value.
  • To forecast the market size across six key regions: North America, Europe, Asia Pacific, South America, and Middle East & Africa, along with country-level analysis, in terms of value and volume
  • To provide statistical data for installed hydrogen compressors capacity for each region and country
  • To provide detailed information regarding key drivers, restraints, opportunities, and challenges influencing the market growth
  • To provide the supply chain analysis, trends/disruptions impacting customer business, market mapping, pricing analysis, and regulatory landscape pertaining to the market
  • To strategically analyze the ecosystem, standards and regulations, patent analysis, trade analysis, Porter’s five forces, and case studies pertaining to the market under study
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, contributions to the overall market size
  • To analyze opportunities for stakeholders in the market and draw a competitive landscape for market players
  • To benchmark players within the market using the company evaluation matrix, which analyzes market players based on several parameters within the broad categories of business and product strategies
  • To compare the key market players with respect to the market share, product specifications, and applications
  • To strategically profile the key players and comprehensively analyze their market ranking and core competencies
  • To analyze competitive developments in the hydrogen compressors market, such as contracts, agreements, investments, expansions, product launches, partnerships, joint ventures, and collaborations

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Product Analysis

  • Product Matrix, which provides a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analyses and profiling of additional market players
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
EP 8930
Published ON
Feb, 2024
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