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Hydrogen Compressors Market Size to Outstrip $2.81Bn by 2028 - Growth Projections at 5.2% CAGR | The Insight Partners

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https://www.globenewswire.com/news-release/2022/12/22/2578433/0/en/Hydrogen-Compressors-Market-Size-to-Outstrip-2-81Bn-by-2028-Growth-Projections-at-5-2-CAGR-The-Insight-Partners.html


New York, Dec. 22, 2022 (GLOBE NEWSWIRE) -- The Insight Partners published latest research study on "Hydrogen Compressors Market Size, Share, Report, Demand, Growth Strategy, Industry Trends and Forecast to 2028 - by Type (Oil-Based and Oil-Free), Stage (Single-Stage and Multi-Stage), and End-User (Chemicals, Oil and Gas, Automotive and Transportation, Renewable Energy, and Other End-Users)," The hydrogen compressor market size was valued at USD 1.89 billion in 2020 and is projected to reach USD 2.81 billion by 2028; it is expected to grow at a CAGR of 5.2% from 2021 to 2028.


Download Sample PDF Brochure of Hydrogen Compressors Market Size - COVID-19 Impact and Global Analysis with Strategic Insights at: https://www.theinsightpartners.com/sample/TIPRE00019472/


Global Hydrogen Compressors Market Report Scope, Segmentations, Regional & Country Scope:

Market Size Value inUSD 1.89 Billion in 2020Market Size Value byUSD 2.81 Billion by 2028Growth rateCAGR of 5.2% from 2021-2028Forecast Period2021-2028Base Year2021No. of Pages160No. of Tables     88No. of Charts & Figures65Historical data availableYesSegments coveredType , Stage , and End-User and GeographyRegional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central AmericaCountry scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, ArgentinaReport coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trendsCompanies CoveredAtlas Copco AB, Burckhardt Compression AG, Fluitron, Inc., Gardner Denver Nash, LLC, Howden Group, HAUG Sauer Kompressoren AG, NEUMAN & ESSER GROUP, Hydro-Pac, Inc., Lenhardt & Wagner GmbH, PDC Machines Inc.Key Research CapabilitiesGlobal Market Assessment, Business Development Strategies, Competitive Landscape, Opportunity Analysis, Regional and Country Level Market Analysis, Market Entry Strategies, Market Dynamics, Risk and Return Assessments, Pricing Analysis, Market Size and Forecasting, Company Profiling, Value Chain Analysis, Expansion Strategies, SWOT Analysis, New Product DevelopmentGlobal Hydrogen Compressors Market Forecast to 2028 - Latest COVID-19 Analysishttps://www.theinsightpartners.com/covid-analysis-sample/TIPRE00019472/


Global Hydrogen Compressors Market: Competitive Landscape and Key Developments

Atlas Copco AB, Ariel Corporation, Burckhardt Compression AG, Howden Group, and NEUMAN & ESSER GROUP are the five key players in the global hydrogen compressor market. The listing of key players is derived by considering multiple factors such as overall revenue, current hydrogen compressor solution portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. There are various other notable players in the global hydrogen compressor market ecosystem, such as Fluitron, Inc.; Gardner Denver Nash, LLC; HAUG Sauer Kompressoren AG; Hydro-Pac, Inc.; Lenhardt & Wagner GmbH; and PDC Machines Inc. A few of the important market initiatives and product developments from the industry are mentioned below:

2021: The partnership among ENGV, PDC Machines Inc., and IVYS Inc. have combined efforts to set up the first retail hydrogen station in Australia. The station would support a fleet of 20 Hyundai Nexo clean-running hydrogen fuel cell vehicles for use in the Australia Capital Government, catalyzing the rollout of public-facing, retail hydrogen applications.

2018: Lenhardt & Wagner GmbH had launched a new diving compressor LW700 11es. The improved sound insulation on the company’s new diving compressor is ideal for being used in commercial and sales areas, and in residential & industrial buildings.


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The hydrogen compressors are effectively used to compress small to medium quantities of hydrogen to high and as per the requirement, they can also be used for extremely high pressures of more than 5,000 bar (75,000 PSI). Moreover, less than 250 bar (3,600 PSI) pressure is required to compress high quantities of oil-free hydrogen. In case, above 10 Megawatts of drive power is used to achieve any hydrogen compression requirement. Further, if oil traces are permitted in the gas, the discharge pressures in the range of more than 600 bar (9,000 PSI) are possible with lubricated compression. The oil and gas and chemical industries experience tremendous growth across the world; moreover, various renewable energy projects are in the pipeline, especially in Southeast Asian countries. Thus, the requirement for better-conducting channels in various industries is offering future growth opportunities for the global hydrogen compressor market. The current growth of the hydrogen compressor market is primarily attributed to the introduction of advanced products by the hydrogen compressor manufacturers, which is one of the significant factors expected to boost the market growth during the forecast period. Furthermore, despite favorable growth conditions globally and high demand from chemical, automotive and transportation, and renewable energy sectors, the ongoing COVID-19 outbreak has negatively affected the growth rate of hydrogen compressor market in 2020. The outbreak has affected global supply chains and business revenues due to business shutdowns, border closing, and trade bans across the globe, which interrupted marketing and sales activities of companies operating in the global hydrogen compressor market. However, with opening of several growth markets in APAC region, vaccination development, and initiatives taken by various governments to support economic and industrial growth, the future demand of hydrogen compressor is anticipated to grow at a positive and steady pace in the coming years.


Speak to Research Expert: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00019472


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