The global hydrogen compressors market is projected to reach USD 2.6 billion by 2028 from an estimated USD 2.1 billion in 2023, at a CAGR of 4.5% during the forecast period. The rising need for decarbonization across the hydrogen value chain and industrial sectors by using hydrogen as a green fuel is supporting the market growth.
Due to their strong supply network, a few global and regional players hold a strong foothold in the hydrogen compressor market: Atlas Copco AB (Sweden), Linde plc (Ireland), Siemens Energy (Germany), Air Products and Chemicals, Inc. (US), Ingersoll Rand (US) are the market leaders in the hydrogen compressor market. These companies have adopted strategies such as product launches, contracts, agreements partnerships and collaborations, acquisitions, investments and expansions to increase their market share.
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Atlas Copco AB offers compressors, vacuum solutions, pumps, generators, power tools, and assembly tools. The company has four reporting business segments, namely, compressor technique, vacuum technique, industrial technique, and power technique. It offers hydrogen compressors through compressor technique business segment. Atlas Copco AB offers a range of hydrogen compressors tailored for various applications, including power-to-gas and hydrogen mobility. The company's hydrogen compressors are designed for continuous, reliable, and safe operation, with a focus on low maintenance requirements and energy efficiency. The compressors are oil-free, critical for the success of hydrogen stations, and are suitable for easy transportation in standard containers, making them a versatile solution for different setups. Atlas Copco's hydrogen compression solutions cover high-pressure capabilities for vehicle fueling, high flow rate capability for direct fill, and modular concepts to ensure uptime and easy maintenance. The company has a presence in more than 180 countries with product development and manufacturing units for the power technique segment located in Belgium, Spain, the US, China, and India.
Ingersoll Rand, operating under the banner of Ingersoll Rand Hydrogen Solutions (IRHS), is committed to delivering dependable hydrogen solutions to the market. Specializing in hydrogen compressors, the company provides reciprocating compressors tailored for diverse applications, including fluid transfer and hydrogen utilization. With a rich history spanning over 145 years, Ingersoll Rand is renowned for its cutting-edge, reliable, and low-maintenance air compressors, establishing itself as a trusted name in the industry. Collaborating with Haskel, an entity within Ingersoll Rand, strengthens its capability to offer comprehensive solutions throughout the entire lifecycle of hydrogen systems. Ingersoll Rand's strategic brands contribute reliable and efficient hydrogen systems suitable for diverse applications, processes, and hydrogen-involved systems. Notably, the recent merger of Gardner Denver Nash, LLC, with Ingersoll Rand Industrial Segment creates a global leader in mission-critical flow creation and industrial technologies. This synergistic combination unites two companies with a collective history exceeding 300 years, sharing a commitment to operational excellence, innovation, and quality. The company has 66 primary manufacturing sites and about 38 ancillary service and repair centers spread over six continents to serve their clients and market presence.
Siemens Energy holds a prominent position in the global energy sector, operating across two key segments: Gas and Power, and Siemens Gamesa Renewable Energy (SGRE). The Gas and Power division delivers a diverse array of systems, products, and services for centralized and distributed power generation and transmission, with a specific focus on catering to industrial needs, particularly in the oil & gas industry. Within this segment, Siemens Energy offers the hydrogen compressors.
Siemens Energy's portfolio includes turbo and reciprocating compression solutions, catering to diverse industries, including Oil and Gas and various process industries. On the other hand, centrifugal compressors prove effective for applications with medium to high volume flows and smaller overall pressure ratios. Siemens Energy operates in more than 90 countries in Europe, the Middle East, CIS, Africa, the Americas, Asia, and Australia.
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
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