Global Hydrogen Compressor Market Size, Share, Development, Growth and Demand Forecast 2021 to 2030

In a recently published report, Global Hydrogen Compressor Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Hydrogen Compressor Market products.

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It is also anticipated to grow on account of the growing demand for alternative renewable energy sources, backed by the growing concern for pollution worldwide emitted from burning conventional fuel sources. Total electricity capacity from renewable energy sources around the world increased from around 750,000MW in 2000 to about 2,500,000MW in 2019. Additionally, electricity from hydropower energy, wind, solar, and bioenergy, grew from around 780000MW, 16000MW, 1200MW, and 29000MW in 2000 to 1300000MW, 620000MW, 580000MW, and 120000MW in 2019 respectively.

Hydrogen compressors are special equipment used in the industries for transporting hydrogen by keeping it under high pressure. The hydrogen is diluted during transportation and hence, this is a costly process. Many of the crucial industries use hydrogen. Some of these are oil refineries, chemical industry, and electron industry and so on. It is very important for these industries to ensure reliable equipment for such purposes to achieve minimum costs and wastage and hence enhance the efficiency of operations and profitability.

End-User/Technology
The end-users are primarily the different industries like utility industry, chemical industries, filling station and so on. This base may increase with the increasing utility of hydrogen in other industries as well as this product is an essential equipment for such industries.

The technology base depends on whether the compressor is oil-free or oil based. The compressor comprises of membrane electrode assemblies and is a design with no moving parts. Also, currently the compressor is water cooled and uses up a lot of power during operation.

Market Dynamics
The market is stable with respect to the industries that inherently use hydrogen as this is an essential product for them. Also, the market is expected to grow with the inclusion of hydrogen as a fuel in many cases like the fuel cells. The world is moving towards cleaner fuels and the advent of hydrogen fuel cell technology is expected to augment the market for the compressor as this is a major part of the vehicle.

Also, there is a huge scope for improvement in the product for making it more efficient in terms of power consumption. Better research towards the improvement of this compressor is expected to drive the market towards better returns.

Market Segmentation
The segmentation can be done on the basis of many factors. One of them is on the basis of the number of stages that the compressor has. Also on the basis of whether the compressor is oil based, the segmentation can be done.
Finally, on the basis of geography, segmentation can be done as the type of industries that use hydrogen have their locations based on the availability of resources and therefore, has to be evaluated on the basis of penetration of these industries in a particular region.

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Regional/Geographic Analysis
The regions comprising the industries like oil refineries and chemical industry are the primary drivers for this market. However, with the movement towards clean fuels, the demand for these compressors is expected to increase its reach to regions investing in clean energy like fuel cells.

Opportunities
Currently, the compressor has some restraints like hydrogen has to be diluted during the process and the power consumption is also high. However, better research aimed at enhancing efficiency and affordability is expected to tap the market of the developing economies as well.

Key Players
Some prominent players in the market are PDC machines, Howden Thomassen, Burckhardt Compressors, Corken Compressors and so on.
Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Russia
Poland
Rest of Eastern Europe

Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

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This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

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Phone: +1 313 462 0609

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