Press release
Hydrogen Compressors Market to Reach USD 2.76 Billion by 2030, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.
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Market Statistics
• Market size (2023): USD 2.02 billion
• Forecast value (2030): USD 2.76 billion
• CAGR (2024-2030): 4.62%
• Forecast period: 2024-2030
• Base year: 2023
• Total number of segments: 4 major categories
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
By Type
• Oil-Based
• Oil-Free
By Stage Type
• Single-Stage
• Multi-Stage
By End-User Type
• Chemicals
• Oil & Gas
• Automotive and Transportation
• Renewable Energy
• Other End-Users
By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Segment Analysis
In the Type category, the Oil-Based segment dominates the market as oil-based compressors offer higher efficiency, lower cost, and longer operational life compared to oil-free equivalents. This superior value proposition has led major industrial adopters to prefer oil-based solutions in heavy process industries, signaling a strategic opportunity for suppliers to expand product offerings and aftermarket services tailored to oil-based systems.
For End-User Type, the Oil & Gas segment is the largest demand generator, driven by expanding upstream and downstream activities in developing economies like China and India, which require hydrogen compressors for refining, hydrocracking, and desulfurization processes. This sustained demand underscores the importance for compressor manufacturers to forge stronger partnerships with oil & gas players to capture long-term contracts.
Regional Insights
Asia-Pacific is expected to remain the dominant region in the Hydrogen Compressors Market over the forecast period, supported by rapid industrial growth and high demand across automotive, oil & gas, and renewable energy sectors. The presence of technologically advanced industries, particularly in China and Japan, as well as strong adoption of Industry 4.0, is boosting compressor deployments and presenting strategic opportunities for regional and global suppliers to deepen market footprint.
Market Drivers
• Rising adoption of hydrogen fuel cell vehicles, which requires expanded refueling and high-pressure compression infrastructure.
• Increasing use of hydrogen in petroleum refining and chemical processing to improve efficiency and meet environmental standards.
• Growing consumption of hydrogen across end-user industries such as electronics and renewable energy, driving demand for compression solutions.
• Expansion of industrial hydrogen supply chains, necessitating reliable compressors for storage and transport.
• Cost advantages and higher efficiency of oil-based compressors making them preferred in heavy industrial settings.
Competitive Landscape
Top Companies in the Market
• Atlas 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.
FAQs
1. How big is the global hydrogen compressors market expected to be in 2030?
The market is forecast to reach USD 2.76 billion by 2030.
2. What is the growth rate for the hydrogen compressors market through 2030?
The market is expected to grow at a CAGR of 4.62% between 2024 and 2030.
3. Which end-user industry uses the most hydrogen compressors?
The oil & gas segment remains the biggest demand generator for hydrogen compressors.
4. Why are oil-based compressors leading the hydrogen compressors market?
Oil-based compressors offer higher efficiency, lower cost, and longer service life, making them preferable for industrial applications.
5. Which region is the largest market for hydrogen compressors?
Asia-Pacific is expected to remain the largest regional market due to strong industrial demand and advanced manufacturing adoption.
Related Links:
Memristors market: https://logcla.com/blogs/1058367/Memristors-Market-Unlocking-the-Next-Era-of-Intelligent-Memory-Technologies
Mems electronic oscillators market: https://payrchat.com/blogs/39777/mems-electronic-oscillators-market
Military jet fuel market: https://hallbook.com.br/blogs/816823/Global-Military-Jet-Fuel-Market-Trends-Demand-Drivers-and-Future
Military trainer aircraft market: https://researchnews16.amebaownd.com/posts/58417217
Nanoporous materials market: https://www.wowonder.xyz/read-blog/377516
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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