Press release
Electrochemical Hydrogen Compressors Market Set to Surge - Key Insights You Must Know
Electrochemical Hydrogen Compressors Market SizeThe global market for Electrochemical Hydrogen Compressors was valued at US$ 17.6 million in the year 2024 and is projected to reach a revised size of US$ 105 million by 2031, growing at a CAGR of 29.5% during the forecast period.
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The main global electrochemical hydrogen compressor manufacturers are distributed in the United States. HyET is the world's largest producer of electrochemical hydrogen compressors with over 37% of the market share, with other major players such as Skyre, Giner ELX and FFI Ionix. Americas is the largest market, which has a share about 37%, followed by Europe and Asia-Pacific, with 32% and 31% market share respectively. In terms of product type, electrochemical hydrogen compressors with an output pressure range of up to 500 Bar are the largest segment with a share of 64%, and chemical has a share of 43% approxiamtely, which is the largest segment in terms of application.
By Type
• Outlet Pressure Range: below 500 Bar
• Outlet Pressure Range: 500 - 1000 Bar
• Outlet Pressure Range: above 1000 Bar
By Application
• Chemical
• Oil & Gas
• Stations
Key Companies
HyET, Skyre, Giner ELX, FFI Ionix
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