Hydrogen Compressor Market in North America Market Size, Growth, Revenue Share Analysis, Company Profiles, and Forecast To 2030

The North America Hydrogen Compressor Market was valued at US$ 472.74 million in 2022 and is expected to reach US$ 698.09 million by 2030; it is estimated to register a CAGR of 5.0% from 2022 to 2030.

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The rise in government investments in the development of hydrogen fuel infrastructure and incentives offered to the buyers are allowing the original equipment manufacturers (OEMs) to expand their revenue stream as well as their geographical presence. There is an increase in demand for low-emission and cost-efficient vehicles owing to associated government initiatives and a growing number of high-performance commercial vehicles across the globe. Numerous government policies have been deployed to reduce emissions by vehicles.

Analysis of the Top Market Players:

1. Atlas Copco AB
2. Burckhardt Compression AG
3. Fluitron, Inc.
4. Gardner Denver Nash, LLC
5. Howden Group
6. HAUG Sauer Kompressoren AG
7. NEUMAN & ESSER GROUP
8. Hydro-Pac, Inc.
9. Lenhardt & Wagner GmbH
10. PDC Machines Inc.

In this report, the market has been segmented on the basis of:

Type (Oil-based and Oil-free), Stage (Single-stage and Multi-stage)

End user (Chemicals, Oil and Gas, Automotive and Transportation, Renewable Energy, Refueling Station, and Others)

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For instance, in the US, the state of California dedicated funds for the development of 100 hydrogen refueling stations and is aiming to reach ~1.5 million zero-emission vehicles by 2025, driving the demand for hydrogen fuel cell vehicles. Due to rising concerns regarding the depletion of natural resources and environmental degradation, several technologies have been developed and introduced in the market that favor the eco-friendly concept of sustainability. Similarly, rising awareness related to the effects of air pollution and the surge in greenhouse gas emissions is propelling the demand for hydrogen fuel cell vehicles that offer higher fuel economy than internal combustion engine (ICE) vehicles. This vehicle has a fuel economy of more than 63 miles per gallon, while ICE vehicle has 29 miles per gallon on roads. Hydrogen fuel cell vehicles enhance the fuel economy by approximately 3.2%.

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