Press release
Increase Demand From Various End User: A Key Factor Shaping the Future of the Hydrogen Compressor Market in 2025
Hydrogen Compressor Market
The escalating need for hydrogen in industries like household energy distribution, oil & gas, and power generation is predicted to stimulate the hydrogen compressor market's expansion. Increased investments in novel hydrogen distribution and generation plants are being seen in these sectors as they strive to meet customer demand and comply with government regulations aimed at reducing environmental pollution. In the UK, a pioneering hydrogen trial project (HyDeploy) is ongoing at Keele University with Cadent spearheading it in collaboration with Northern Gas Networks (NGN). The initiative involves the injection of carbon-free hydrogen into the gas grid of Keele University; this grid services approximately 100 homes and 30 academic buildings. Consequently, the heightened demand for hydrogen from end-user sectors is forecasted to enhance the hydrogen compressors market in the forthcoming period.
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What Is the projected market size and growth rate for the hydrogen compressor market?
The market for hydrogen compressors has seen robust growth in recent years, expanding from a market size of $2.03 billion in 2024 to an anticipated $2.16 billion in 2025, a steep rise depicted by a compound annual growth rate (CAGR) of 6.4%. Various factors have fueled this growth during the historic period, including a focus on the production and storage of green hydrogen, the evolution of hydrogen fueling facilities for transportation, augmented utilization of hydrogen in industrial settings, supportive government initiatives and policies that encourage a hydrogen economy, and surging investment in renewable energy and hydrogen production.
The market for hydrogen compressors is predicted to experience exceptional growth in the upcoming years, escalating to a value of $2.84 billion by 2029, with a 7.1% Compound Annual Growth Rate (CAGR). This predicted growth during the forecasted timespan can be linked to factors such as the use of hydrogen in energy storage and grid balancing applications, the necessity for high-pressure hydrogen in industrial procedures and power generation, advancements in next-gen hydrogen compression technology, the emphasis on decentralized production and distribution of hydrogen, and the promotion of hydrogen-powered mobility and fuel cell applications. The forecast period also sees major trends such as the use of high-efficiency diaphragm and piston compressors, contamination-free and oil-free compression systems, modular and skid-mounted compression units, usage of lightweight and high-strength materials, and employing cryogenic compression for liquid hydrogen.
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What new trends are reshaping the hydrogen compressor market and its opportunities?
Key industry leaders in the hydrogen compressor market are constantly coming up with innovative solutions to cater to the rising requirement for hydrogen fuel. Take, for instance, the UK-based establishment, Howden, which unveiled a sophisticated hydrogen diaphragm compressor specifically for high-pressure hydrogen refueling stations in January 2024. This new-age compressor is intended to boost efficiency and reliability in hydrogen fuel usage, aligning with the escalating demand for eco-friendly energy solutions. Featuring high-pressure capability, inter-stage cooling, condensate purging, and a Free Floating Piston system, Howden's hydrogen diaphragm compressor is designed to maximize efficiency and reliability at high-pressure refueling stations.
What major market segments define the scope and growth of the hydrogen compressor market?
The hydrogen compressor market covered in this report is segmented -
1) By Type: Oil-free, Oil-based
2) By Technology: Single-Stage, Multi-Stage
3) By Power Range: Below 100 hp, 101 hp - 200 hp
4) By End-User: Oil And Gas, Chemical, Utility, Refueling Stations, Other End-Users
Subsegments:
1) By Oil-Free: Diaphragm Compressors, Scroll Compressors, Piston Compressors
2) By Oil-Based: Rotary Screw Compressors, Reciprocating Compressors, Rotary Vane Compressors
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Which region dominates the hydrogen compressor market?
Asia-Pacific was the largest region in the hydrogen compressor market in 2024. The regions covered in the hydrogen compressor market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Which key market leaders are driving the hydrogen compressor industry growth?
Major companies operating in the hydrogen compressor market include Atlas Copco AB, Burckhardt Compression AG, Fluitron Inc., Gardner Denver Nash LLC, Howden Group Ltd., HAUG Sauer Kompressoren AG, Neuman & Esser Group, Hydro-Pac Inc., Lenhardt & Wagner GmbH, Ariel Corporation, PDC Machines Inc., Mitsui E&S Holdings Co. Ltd., Siemens AG, Sundyne LLC, IDEX Corporation, Hitachi Ltd., Ingersoll Rand Inc., Nel ASA, Corken Inc., Indian Compressors Ltd., Coltri S.p.A., Fornovo Gas S.r.l., Adicomp S.r.l., Baker Hughes Company, Colfax Corporation, Elliott Group, Gardner Denver Holdings Inc., Kobe Steel Ltd., Sulzer Ltd.
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What Is Covered In The Hydrogen Compressor Global Market Report?
•Market Size Forecast: Examine the hydrogen compressor market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the hydrogen compressor market for a structured understanding.
•Key Players Overview: Analyze major players in the hydrogen compressor market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the hydrogen compressor market.
•Segment Contributions: Evaluate how different segments drive overall growth in the hydrogen compressor market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the hydrogen compressor market.
•Industry Challenges: Identify potential risks and obstacles affecting the hydrogen compressor market.
•Competitive Landscape: Review strategic developments in the hydrogen compressor market, including expansions, agreements, and new product launches.
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