Europe Hydrogen Compressor Market Key Companies and SWOT Analysis by 2028
Europe 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)
- Status : Published
- Report Code : TIPRE00023048
- Category : Manufacturing and Construction
- No. of Pages : 120
- Available Report Formats :
- Last update date : June 22, 2021
2021 Market Size
US$ 478.84 Mn
Base year value
2028 Forecast
US$ 653.09 Mn
Projected by 2028
CAGR 2022-2028
4.5 %
Growth rate
Addressable Market
US$ 4,012.69 Mn
(2022-2028)
The hydrogen compressor market in Europe is expected to reach US$ 653.09 million by 2028 from US$ 478.84 million in 2021. The market is estimated to grow at a CAGR of 4.5% from 2021 to 2028.
The UK, Germany, France, Italy, and Russia are major economies in Europe. The industry's growth is likely to compel the upstream and downstream activities in the aforementioned countries. Innovation and advanced technologies have released unconventional drilling and completion operations to optimize oil and gas production and change economic power balance for the predictable future. The growing investment in the oil and gas sector is likely to boost the development of hydrogen compressors in the near future. Due to the favorable government support, numerous oil and gas projects are being initiated in the country.
In Europe, various key countries such as Germany, The UK, and France are the hardest-hit countries by the COVID-19 outbreak. Hence, the region is expected to suffer an economic hit due to a lack of revenue from various industries prevalent in such major countries. Additionally, with the outbreak of another/mutant variant of COVID-19 in European countries, has further deteriorated the conditions in different countries. The region is a significant industrial hub for sectors such as healthcare, chemicals, manufacturing, automotive, and energy & power. Amid the COVID-19 pandemic, many businesses in Europe have been facing financial challenges as they had to reduce their activities substantially, owing to lack of workforce, government restrictions in effect, and decrease in sales and demand. These factors had a direct impact on the European hydrogen compressor market growth in the year 2020. Russia, the UK, Italy, Spain, and France witnessed relatively high impact in 2020, some sectors in these countries are likely to continue to suffer till Mid-2021.
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 Europe hydrogen compressor market. The Europe hydrogen compressor market is expected to grow at a good CAGR during the forecast period.
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Europe Hydrogen Compressor Market Segmentation
Europe Hydrogen Compressor Market – By Type
- Oil-based
- Oil-free
Europe Hydrogen Compressor Market- By Stage
- Single-stage
- Multi-stage
Europe Hydrogen Compressor Market- By End-User
- Chemicals
- Oil and Gas
- Automotive and Transportation
- Renewable Energy
- Other End-users
Europe Hydrogen Compressor Market - By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Hydrogen Compressor Market -Companies Mentioned
- Atlas Copco AB
- Burckhardt Compression AG
- Fluitron, Inc.
- Gardner Denver Nash, LLC
- Howden Group
- HAUG Sauer Kompressoren AG
- Lenhardt & Wagner GmbH
- NEUMAN & ESSER GROUP
- PDC Machines Inc.
Europe Hydrogen Compressor Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 478.84 Million |
| Market Size by 2028 | US$ 653.09 Million |
| CAGR (2021 - 2028) | 4.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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