Product Code: GVR-4-68040-399-6
Hydrogen Compressor Market Size & Trends:
The global hydrogen compressor market size was valued at USD 1.85 billion in 2023 and is projected to grow at a CAGR of 3.9% from 2024 to 2030. As the world shifts toward a more sustainable energy system, hydrogen is increasingly viewed as a vital component of the future energy mix. It can be used as a clean fuel in various applications, from transportation to power generation. Compressors are essential in this hydrogen supply chain, enabling storage, transportation, and utilization of this element by compressing it to high pressures required for these applications.
The integration of renewable energy sources such as wind and solar power has increased the focus on hydrogen as an energy storage solution. During periods of excess renewable energy production, electrolysis can convert this surplus electricity into hydrogen, which can then be stored and later converted back into electricity or used as a fuel. Hydrogen compressors play a crucial role in this process, making it possible to store and transport this material efficiently.
Moreover, fuel cell technology, which converts this element into electricity with water as the only byproduct, is rapidly advancing. This technology is becoming more prevalent in various sectors, including automotive (fuel cell vehicles), stationary power generation, and portable power systems. The increased adoption of fuel cells necessitates reliable and efficient such compressors to ensure a steady supply of hydrogen at the required pressure levels.
Additionally, governments worldwide are implementing policies and incentives to promote use of hydrogen as part of their efforts to reduce greenhouse gas emissions and combat climate change. These initiatives include subsidies for hydrogen production, infrastructure development, and research and development funding. As a result, demand for this product is bolstered by these supportive regulatory frameworks that drive investment in these technologies.
Furthermore, hydrogen is widely used in various industrial processes, such as refining, ammonia production, and methanol synthesis. The need for this element in these industries continues to grow, driven by increasing production demands and need for cleaner production processes. These compressors are vital for these industrial applications, ensuring the efficient handling and processing of this gas.
The development of hydrogen refueling infrastructure is critical for the adoption of hydrogen-powered vehicles. Such refueling stations require compressors to pressurize this gas to the high levels needed for vehicle fueling. As the network of this element refueling stations expands globally, demand for such compressors rises correspondingly.
Continuous advancements in compressor technology are making such compressors more efficient, reliable, and cost-effective. Innovations such as oil-free compressors, improved materials, and enhanced cooling systems are driving the adoption of these compressors by addressing issues related to maintenance, energy consumption, and operational efficiency.
Global Hydrogen Compressor Market Report Segmentation
This report forecasts revenue growth at the global, regional & country levels and provides an analysis of the latest industry trends in each of the segments from 2018 to 2030. For this study, Grand View Research has segmented the global hydrogen compressor market on the basis of lubrication type, end use, and region:
- Lubrication Type Outlook (Revenue, USD Million, 2018 - 2030)
- Oil Based
- Oil Free
- End Use Outlook (Revenue, USD Million, 2018 - 2030)
- Petrochemical & Chemicals
- Oil & Gas
- Others
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- South Korea
- Central & South America
- Middle East & Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2023 (USD Million)
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Hydrogen Compressor Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Hydrogen Compressor Market - Value Chain Analysis
- 3.3. Hydrogen Compressor Market - Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity Analysis
- 3.3.4. Market Challenge Analysis
- 3.4. Regulatory Framework
- 3.5. Hydrogen Compressor Market - Business Environment Analysis
- 3.5.1. PESTLE Analysis
- 3.5.2. Porter's Five Forces Analysis
- 3.6. Market Disruption Analysis
Chapter 4. Hydrogen Compressor Market: Lubrication Type Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Lubrication Type Movement Analysis & Market Share, 2023 & 2030
- 4.3. Hydrogen Compressor Market By lubrication type, 2018 - 2030 (USD Million)
- 4.4. Copper
- 4.4.1. Oil Based Hydrogen Compressor Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 4.5. Aluminum
- 4.5.1. Oil Free Hydrogen Compressor Market Estimates & Forecasts, 2018 & 2030 (USD Million)
Chapter 5. Hydrogen Compressor Market: End Use Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. End Use Movement Analysis & Market Share, 2023 & 2030
- 5.3. Hydrogen Compressor Market By End Use, 2018 - 2030 (USD Million)
- 5.4. Petrochemical & Chemicals
- 5.4.1. Hydrogen Compressor Market Estimates & Forecasts, by Petrochemicals & Chemicals, 2018 & 2030 (USD Million)
- 5.5. Oil & Gas
- 5.5.1. Hydrogen Compressor Market Estimates & Forecasts, by Oil & Gas, 2018 & 2030 (USD Million)
- 5.6. Others
- 5.6.1. Hydrogen Compressor Market Estimates & Forecasts, by Others, 2018 & 2030 (USD Million)
Chapter 6. Hydrogen Compressor Market: Regional Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Regional Market Share Analysis, 2023 & 2030
- 6.3. Market Estimates & Forecasts by Region, 2018 - 2030 (USD Million)
- 6.4. North America
- 6.4.1. North America Hydrogen Compressor Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.4.2. North America Hydrogen Compressor Market Estimates & Forecasts, by lubrication type, 2018 & 2030 (USD Million)
- 6.4.3. North America Hydrogen Compressor Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 6.4.4. U.S.
- 6.4.4.1. U.S. Hydrogen Compressor Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.4.4.2. U.S. Hydrogen Compressor Market Estimates & Forecasts, by lubrication type, 2018 & 2030 (USD Million)
- 6.4.4.3. U.S. Hydrogen Compressor Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 6.4.5. Canada
- 6.4.5.1. Canada Hydrogen Compressor Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.4.5.2. Canada Hydrogen Compressor Market Estimates & Forecasts, by lubrication type, 2018 & 2030 (USD Million)
- 6.4.5.3. Canada Hydrogen Compressor Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 6.4.6. Mexico
- 6.4.6.1. Mexico Hydrogen Compressor Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.4.6.2. Mexico Hydrogen Compressor Market Estimates & Forecasts, by lubrication type, 2018 & 2030 (USD Million)
- 6.4.6.3. Mexico Hydrogen Compressor Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 6.5. Europe
- 6.5.1. Europe Hydrogen Compressor Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.5.2. Europe Hydrogen Compressor Market Estimates & Forecasts, by lubrication type, 2018 & 2030 (USD Million)
- 6.5.3. Europe Hydrogen Compressor Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 6.5.4. Germany
- 6.5.4.1. Germany Hydrogen Compressor Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.5.4.2. Germany Hydrogen Compressor Market Estimates & Forecasts, by lubrication type, 2018 & 2030 (USD Million)
- 6.5.4.3. Germany Hydrogen Compressor Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 6.5.5. UK
- 6.5.5.1. UK Hydrogen Compressor Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.5.5.2. UK Hydrogen Compressor Market Estimates & Forecasts, by lubrication type, 2018 & 2030 (USD Million)
- 6.5.5.3. UK Hydrogen Compressor Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 6.5.6. France
- 6.5.6.1. France Hydrogen Compressor Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.5.6.2. France Hydrogen Compressor Market Estimates & Forecasts, by lubrication type, 2018 & 2030 (USD Million)
- 6.5.6.3. France Hydrogen Compressor Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 6.5.7. Spain
- 6.5.7.1. Spain Hydrogen Compressor Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.5.7.2. Spain Hydrogen Compressor Market Estimates & Forecasts, by lubrication type, 2018 & 2030 (USD Million)
- 6.5.7.3. Spain Hydrogen Compressor Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 6.5.8. Italy
- 6.5.8.1. Italy Hydrogen Compressor Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.5.8.2. Italy Hydrogen Compressor Market Estimates & Forecasts, by lubrication type, 2018 & 2030 (USD Million)
- 6.5.8.3. Italy Hydrogen Compressor Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 6.6. Asia Pacific
- 6.6.1. Asia Pacific Hydrogen Compressor Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.6.2. Asia Pacific Hydrogen Compressor Market Estimates & Forecasts, by lubrication type, 2018 & 2030 (USD Million)
- 6.6.3. Asia Pacific Hydrogen Compressor Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 6.6.4. China
- 6.6.4.1. China Hydrogen Compressor Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.6.4.2. China Hydrogen Compressor Market Estimates & Forecasts, by lubrication type, 2018 & 2030 (USD Million)
- 6.6.4.3. China Hydrogen Compressor Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 6.6.5. India
- 6.6.5.1. India Hydrogen Compressor Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.6.5.2. India Hydrogen Compressor Market Estimates & Forecasts, by lubrication type, 2018 & 2030 (USD Million)
- 6.6.5.3. India Hydrogen Compressor Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 6.6.6. Japan
- 6.6.6.1. Japan Hydrogen Compressor Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.6.6.2. Japan Hydrogen Compressor Market Estimates & Forecasts, by lubrication type, 2018 & 2030 (USD Million)
- 6.6.6.3. Japan Hydrogen Compressor Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 6.6.7. South Korea
- 6.6.7.1. South Korea Hydrogen Compressor Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.6.7.2. South Korea Hydrogen Compressor Market Estimates & Forecasts, by lubrication type, 2018 & 2030 (USD Million)
- 6.6.7.3. South Korea Hydrogen Compressor Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 6.7. Central & South America
- 6.7.1. Central & South America Hydrogen Compressor Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.7.2. Central & South America Hydrogen Compressor Market Estimates & Forecasts, by lubrication type, 2018 & 2030 (USD Million)
- 6.7.3. Central & South America Hydrogen Compressor Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 6.7.4. Brazil
- 6.7.4.1. Brazil Hydrogen Compressor Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.7.4.2. Brazil Hydrogen Compressor Market Estimates & Forecasts, by lubrication type, 2018 & 2030 (USD Million)
- 6.7.4.3. Brazil Hydrogen Compressor Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 6.7.5. Argentina
- 6.7.5.1. Argentina Hydrogen Compressor Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.7.5.2. Argentina Hydrogen Compressor Market Estimates & Forecasts, by lubrication type, 2018 & 2030 (USD Million)
- 6.7.5.3. Argentina Hydrogen Compressor Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 6.8. Middle East & Africa
- 6.8.1. Middle East & Africa Hydrogen Compressor Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 6.8.2. Middle East & Africa Hydrogen Compressor Market Estimates & Forecasts, by lubrication type, 2018 & 2030 (USD Million)
- 6.8.3. Middle East & Africa Hydrogen Compressor Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
Chapter 7. Supplier Intelligence
- 7.1. Kraljic Matrix
- 7.2. Engagement Model
- 7.3. Negotiation Strategies
- 7.4. Sourcing Best Practices
- 7.5. Vendor Selection Criteria
- 7.6. List of Raw Material Suppliers
Chapter 8. Competitive Analysis
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Heat Map Analysis
- 8.5. Company Listings
- 8.5.1. Hitachi Ltd.
- 8.5.1.1. Company Overview
- 8.5.1.2. Financial Performance
- 8.5.1.3. Product Benchmarking
- 8.5.1.4. Strategic Initiatives
- 8.5.2. Burckhardt Compression Holding AG
- 8.5.2.1. Company Overview
- 8.5.2.2. Financial Performance
- 8.5.2.3. Product Benchmarking
- 8.5.2.4. Strategic Initiatives
- 8.5.3. IDEX CORPORATION
- 8.5.3.1. Company Overview
- 8.5.3.2. Financial Performance
- 8.5.3.3. Product Benchmarking
- 8.5.3.4. Strategic Initiatives
- 8.5.4. HAUG SAUER KOMPRESSOREN AG
- 8.5.4.1. Company Overview
- 8.5.4.2. Financial Performance
- 8.5.4.3. Product Benchmarking
- 8.5.4.4. Strategic Initiatives
- 8.5.5. Chart Industries, Inc. (Howden Group)
- 8.5.5.1. Company Overview
- 8.5.5.2. Financial Performance
- 8.5.5.3. Product Benchmarking
- 8.5.5.4. Strategic Initiatives
- 8.5.6. Fluitron Inc.
- 8.5.6.1. Company Overview
- 8.5.6.2. Financial Performance
- 8.5.6.3. Product Benchmarking
- 8.5.6.4. Strategic Initiatives
- 8.5.7. ARIEL CORPORATION
- 8.5.7.1. Company Overview
- 8.5.7.2. Financial Performance
- 8.5.7.3. Product Benchmarking
- 8.5.7.4. Strategic Initiatives
- 8.5.8. ATLAS COPCO AB
- 8.5.8.1. Company Overview
- 8.5.8.2. Financial Performance
- 8.5.8.3. Product Benchmarking
- 8.5.8.4. Strategic Initiatives
- 8.5.9. NEL ASA
- 8.5.9.1. Company Overview
- 8.5.9.2. Financial Performance
- 8.5.9.3. Product Benchmarking
- 8.5.9.4. Strategic Initiatives
- 8.5.10. Ingersoll Rand Inc.
- 8.5.10.1. Company Overview
- 8.5.10.2. Financial Performance
- 8.5.10.3. Product Benchmarking
- 8.5.10.4. Strategic Initiatives