Asia Pacific Hydrogen Compressor Market Key Companies and SWOT Analysis by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Asia Pacific Hydrogen Compressor Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Oil-Based and Oil-Free), Stage (Single-Stage and Multi-Stage), and End-User (Chemicals, Oil and Gas, Automotive and Transportation, Renewable Energy, and Other End-Users)
- Report Date : Jun 2021
- Report Code : TIPRE00023021
- Category : Manufacturing and Construction
- Status : Published
- Available Report Formats :
- No. of Pages : 119
The hydrogen compressor market in APAC is expected to reach US$ 1,055.14 million by 2028 from US$ 700.08 million in 2021. The market is estimated to grow at a CAGR of 6.0% from 2021 to 2028.
Australia, China, India, Japan, and South Korea are major economies in APAC. Due to the mounting urbanization and industrial growth, the energy consumption has risen manifolds. Thus, to meet the soaring demand for power, the development of sub-transmission and intrastate transmission networks is expanding. The escalating demand for energy & power, owing to rising household incomes and increasing manufacturing and heavy industries, is boosting the deployment of hydrogen compressors. Renewable energy plays a significant role for offering access to electricity. Moreover, in APAC, India is the 3rd largest producer of electricity, and the generating capacity is exponentially expanding due to favorable government support and initiation of numerous power generation projects. The growth in electrical infrastructure projects worldwide is driving the use of hydrogen compressors among several energy & power projects and creating huge opportunities for the hydrogen compressor market players.
China and India are known for the increased emphasis on industrialization, and they are among the prominent manufacturing hubs in APAC. The lockdown imposed by several country governments amid the COVID-19 pandemic has severely affected the growth of the energy & power, chemicals, and food & beverages industries. Nevertheless, these industries are soon likely to recover this damage by ramping up their production capabilities from the second half of 2021. Companies in Asia have restructured their capabilities by adopting strategies such as automation, partnership, and acquisition. Moreover, the demand for advanced electronics, such as hydrogen compressors, has risen significantly in these countries. China is responsible for more than 80% of the global supply chain of raw material. The country managed to control the spread of COVID-19 during the second quarter of 2020, and industries are up and running. Hubei, for example, is one of China's four main car production centers, with over 100 automotive suppliers. Hubei's automotive plants began to reopen gradually after March 11, 2020. Such developments are expected to present a positive outlook for the hydrogen compressor market players in APAC countries.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC hydrogen compressor market. The APAC hydrogen compressor market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
APAC Hydrogen Compressor Market Segmentation
APAC Hydrogen Compressor Market – By Type
- Oil-based
- Oil-free
APAC Hydrogen Compressor Market- By Stage
- Single-stage
- Multi-stage
APAC Hydrogen Compressor Market- By End-User
- Chemicals
- Oil and Gas
- Automotive and Transportation
- Renewable Energy
- Other End-users
APAC Hydrogen Compressor Market - By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Hydrogen Compressor Market -Companies Mentioned
- Atlas Copco AB
- Burckhardt Compression AG
- Fluitron, Inc.
- Gardner Denver Nash, LLC
- HAUG Sauer Kompressoren AG
- Howden Group
- Hydro-Pac, Inc.
- Lenhardt & Wagner GmbH
- NEUMAN & ESSER GROUP
- PDC Machines Inc.
Asia Pacific Hydrogen Compressor Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 700.08 Million |
| Market Size by 2028 | US$ 1,055.14 Million |
| Global CAGR (2021 - 2028) | 6.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- Atlas Copco AB
- Burckhardt Compression AG
- Fluitron, Inc.
- Gardner Denver Nash, LLC
- HAUG Sauer Kompressoren AG
- Howden Group
- Hydro-Pac, Inc.
- Lenhardt & Wagner GmbH
- NEUMAN & ESSER GROUP
- PDC Machines Inc.
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