Global Hydrogen Compressors Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Hydrogen Compressors Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

A hydrogen compressor is a device that increases the pressure of hydrogen by reducing its volume resulting in compressed hydrogen or liquid hydrogen.

Market Overview:

The latest research study on the global Hydrogen Compressors market finds that the global Hydrogen Compressors market reached a value of USD 270.72 million in 2023. It’s expected that the market will achieve USD 942.48 million by 2029, exhibiting a CAGR of 23.11% during the forecast period.

Hydrogen has the potential to grow

Compared with traditional fossil energy, hydrogen energy has the following three main advantages. 1) The medium of energy conversion: Hydrogen can be produced from primary energy sources such as wind energy and solar energy. Under the background of vigorous development of renewable energy in the world, renewable primary energy can be combined with hydrogen energy, and hydrogen can be produced through wind energy and solar energy to improve the utilization efficiency of renewable energy. 2) Safety: Due to its physical and chemical characteristics, the use of hydrogen for electrochemical power generation can be safely managed. 3) Low-carbon and clean: Hydrogen energy can be produced from fossil energy, combined with the use of technologies such as carbon capture, it can make hydrogen energy achieve low-carbon emissions in the process of production and use.

In recent years, hydrogen has come to the forefront as an alternative, environmentally-friendly fuel. As an energy carrier, hydrogen provides many advantages versus other alternatives, particularly when used in a fuel cell. In the field of transportation, hydrogen energy can be used as a fuel for fuel cells in various vehicles such as hydrogen fuel cell passenger cars, buses, hydrogen fuel cell forklifts, hydrogen fuel cell aircraft, and hydrogen fuel cell ships. Therefore, the development potential of hydrogen energy will be an important factor driving the demand growth of the Hydrogen Compressors market.

Increased number of Hydrogen Fueling Stations

The development of hydrogen fuel cells has greatly promoted the growth of the number of Hydrogen Fueling Stations in the world. Asia is currently the region with the largest number of Hydrogen Fueling Stations. In 2016, only 10 Hydrogen Fueling Stations were built in China. Subsequently, the construction of Hydrogen Fueling Station in China ushered in rapid development. As of the beginning of July 2022, China has built a total of 272 hydrogen refueling stations. With the policy support of governments for hydrogen energy development, the construction of Hydrogen Fueling Station is expected to continue to develop rapidly. The rapid growth of the Hydrogen Fueling Station market will drive the Hydrogen Compressors industry.

Region Overview:

In 2022, the share of the Hydrogen Compressors market in Americas stood at 35.55%.

Company Overview:

PDC Machines is one of the major players operating in the Hydrogen Compressors market, holding a share of 24.14% in 2023.

PDC Machines is the manufacturer of specialty gas compression systems used in all stages of the hydrogen energy supply chain including hydrogen production, transportation, storage, and refueling.

Howden Group Ltd. manufactures, designs, and supplies air and gas handling equipment. The Company offers products such as cooling fans, compressors, high pressure blowers, rotary heat exchangers, silencers, bearings, extractors, and steam condensers.

Segmentation Overview:

By type, Diaphragm Compressors segment accounted for the largest share of market in 2022.
A diaphragm compressor is a variant of the classic reciprocating compressor with backup and piston rings and rod seal. The compression of gas occurs by means of a flexible membrane, instead of an intake element. The back and forth moving membrane is driven by a rod and a crankshaft mechanism.

An ionic liquid compressor replaces the metal piston of a conventional compressor with a specially designed, nearly incompressible ionic liquid. The gas in the cylinder is compressed by the up-and-down motion of the liquid column, similar to the reciprocating motion of an ordinary piston. Because the ionic liquid does not mix with the gas, there is no need for seals and bearings in the compressor.

A hydraulic compressor is a type of compressor that is designed to convert hydraulic power to pneumatic power. Hydraulic Piston Compressor operates without piston lubrication, which guarantees maximum gas purity by avoiding possible contamination with oil and ensuring total isolation.

Application Overview:

By application, the Hydrogen Refueling Station (HRS) segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Hydrogen Compressors market covered in Chapter 3:

Fendy Jkw
Siemens Energy
Atlas Copco Group
Burckhardt Compression AG
Gardner Denver Inc.
Sundyne
Zhongding Hengsheng
PDC Machines
Haug Kompressoren AG
Ariel Corporation
Hydro-Pac Inc.
Howden Group Ltd.
Andreas Hofer
Indian Compressors Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Hydrogen Compressors market from 2019 to 2030 is primarily split into:

Diaphragm Compressors
Ionic Liquid Piston Compressors
Hydraulic Piston Compressor
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hydrogen Compressors market from 2019 to 2030 covers:

Hydrogen Refueling Station (HRS)
Hydrogen Storage Tanks
Liquid Hydrogen Vessel
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)