How Has The Hydrogen Compressor Market Size Evolved In Recent Years?
The hydrogen compressor market has seen considerable growth due to a variety of factors.
• The market for hydrogen compressors has seen robust growth in the past few years. The market value which was $2.03 billion in 2024, is projected to rise to $2.16 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.4%.
The reasons for this growth during the historical period include heightened focus on green hydrogen production and storage, expansion in hydrogen refuelling infrastructure for transport, higher usage of hydrogen in industrial areas, government drives and policies encouraging a hydrogen economy, and an increase in investment in renewable energy and hydrogen production.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Hydrogen Compressor Market?
The hydrogen compressor market is expected to maintain its strong growth trajectory in upcoming years.
• Expect major expansion in the hydrogen compressor market size in the upcoming years. The market is projected to reach $2.84 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.1%.
Factors contributing to this expected surge during the forecast period include the usage of hydrogen in energy storage and grid balancing applications, the increased demand for high-pressure hydrogen in industrial procedures and power production, advancements in hydrogen compression technology, and an emphasis on decentralized hydrogen manufacturing and distribution. The rise of hydrogen-fueled mobility and fuel cell applications is an additional catalyst. Notable trends during this period include the increasing use of high-efficiency diaphragm and piston compressors, contamination-free and oil-free compression mechanisms, modular and skid-mounted compression units, and the employment of lightweight and high-strength materials. Cryogenic compression for liquid hydrogen is also expected to gain popularity.
Which Drivers Are Accelerating Growth In The Hydrogen Compressor Market?
The hydrogen compressor market is anticipated to grow due to the rising demand for hydrogen by various industries. Numerous sectors such as residential energy supply firms, oil & gas, and electricity generation companies are intensifying their investment in fresh hydrogen generation and distribution facilities, stimulated by consumer demand and governmental initiatives addressing environmental pollution. For instance, a pioneering hydrogen test venture named HyDeploy is being carried out at Keele University in the UK with a budget of 7 million, led by Cadent alongside Northern Gas Networks (NGN). This trailblazing project involves incorporating zero-carbon hydrogen into Keele University's gas grid, which supplies roughly 100 residences and 30 academic buildings. Consequently, the burgeoning demand for hydrogen from diverse industries is predicted to accelerate the hydrogen compressor market in the upcoming period.
What Are The Core Segments Of The Global 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
Pre-Book The Hydrogen Compressor Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Emerging Trends Are Reshaping The Hydrogen Compressor Market Size?
Key players in the hydrogen compressor market are constantly developing and introducing cutting-edge technologies to accommodate the increasing need for hydrogen fuel solutions. For example, in January 2024, Howden, a firm based in the UK, launched a novel hydrogen diaphragm compressor engineered specifically for high-pressure hydrogen refuelling facilities. This modern compressor is designed to improve both reliability and efficiency in hydrogen fuel applications, thereby catering to the rising demand for clean energy solutions. Howden's hydrogen diaphragm compressor, built for high-pressure refueling stations, boasts features such as high-pressure competency, inter-stage cooling, condensate purging, and a Free Floating Piston system to further boost efficiency and dependability.
Who Are the Key Players in the Hydrogen Compressor Market?
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.
What are the Regional Insights into 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.
