Hydrogen Compressors Market to Grow at a CAGR of 5.2% to reach US$ 2,813.27 Million from 2020 to 2028

report image

Hydrogen Compressors Market Forecast to 2028 - COVID-19 Impact and Global 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) and Geography

Publication Month: May 2021 | Report Code: TIPRE00019472 | No. of Pages: 160 | Category: Manufacturing and Construction | Status: Published

The hydrogen compressor market was valued at US$ 1,894.15 million in 2020 and is projected to reach US$ 2,813.27 million by 2028; it is expected to grow at a CAGR of 5.2% from 2021 to 2028.

Hydrogen is one of the most efficient fuels with the highest energy content per weight. However, the hydrogen density in ambient conditions is ~90 g per cubic meter. Therefore, to attain functional levels of energy density, the efficient compression of hydrogen is necessary. The hydrogen compressors are effectively used to compress small to medium quantities of hydrogen to high and as per the requirement, they can also be used for extremely high pressures of more than 5,000 bar (75,000 PSI). Moreover, less than 250 bar (3,600 PSI) pressure is required to compress high quantities of oil-free hydrogen. In case, above 10 Megawatts of drive power is used to achieve any hydrogen compression requirement. Further, in case the oil traces are permitted in the gas, the discharge pressures in the range of more than 600 bar (9,000 PSI) are possible with lubricated compression, which is one of the significant factors expected to boost the market during the forecast period. Furthermore, due to soaring concerns of depletion of natural resources and environment degradation, several technologies are developed and announced in the market that favor the eco-friendly concept to sustain the environment. Likewise, surge in awareness related to the effects of air pollution and boosting levels of traffic & greenhouse gas emissions is driving the implementation of hydrogen fuel cell vehicles. Also, the mounting development of fuel cell electric vehicles (FCEVs) provides improved fuel economy than internal combustion engine (ICE) vehicles. The FCEV has a fuel economy of around 63 miles per gallon gasoline equivalent (MPGge), while that of an ICE vehicle is 29 MPGge on roads. Hybridization enhances the fuel economy of an FCEV by approximately 3.2%. This is further boosting the growth of the hydrogen compressor market globally.

Impact of COVID-19 Pandemic on Hydrogen Compressor Market

The COVID-19 pandemic has been affecting operations of various industries in different countries since the first quarter of 2020. The tremendous spike in the infection has urged governments worldwide to impose strict restrictions on transportation. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic has disturbed economies and industries in various countries. The lockdown imposition has resulted in lesser production of commodities, goods, and services along with discontinuation of supply chain activities at several nodes. Chemical, oil and gas, and energy & power, among other industries, have witnessed a decline in operations due to the temporary shutdown of activities. Small and medium enterprise owners have been witnessing more severe consequences of the pandemic. These conditions are also limiting the hydrogen compressor market growth.

Lucrative Regions for Hydrogen Compressor Providers

Lucrative Regions for Hydrogen Compressor Providers

Get more information on this report :

Hydrogen Compressor Market Insights

Booming Oil and gas Sector Fuels Growth of Hydrogen Compressor Market

The oil & gas industry is proliferating in several developing countries such as China and India. 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 & gas production and change economic power balance for the predictable future. The growing investment in the oil & gas sector is likely to boost the development of hydrogen compressors in the near future. As per the Indian Brand Equity Foundation, the government of India is expected to invest US$ 2.86 billion in upstream oil & gas production to increase its natural gas production by 2022. Due to the favorable government support, numerous oil & gas projects are being initiated in the country.

Type - Based Market Insights

Based on type, the hydrogen compressor market is segmented into oil-based and oil-free. In 2020, the oil-based segment accounted for larger share in the market. The oil in the compressor also helps to maintain air compression efficiency and dissipate heat. The oil-based hydrogen compressor demands more routine maintenance and frequent change of oil. It also requires better filtration of hydrogen using separators & coalescing filters to remove the oil and protect downstream equipment and processes from contamination.

Hydrogen Compressor Market, by Type – 2020 and 2028

Hydrogen Compressor Market, by Type – 2020 and 2028

Get more information on this report :

Stage-Based Market Insights

Based on stage, the hydrogen compressor market is bifurcated into single-stage and multi-stage. In 2020, the multi-stage segment accounted for a larger market share.

End-User-Based Market Insights

By end-user, the hydrogen compressor market is segmented into chemical, oil and gas, automotive and transportation, renewable energy, and other end-users. In 2020, the oil & gas segment accounted for the largest share in the market.

Strategic Insights

Report Coverage - Hydrogen Compressors Market
Report CoverageDetails
Market Size Value inUS$ 1,894.15 Million in 2020
Market Size Value byUS$ 2,813.27 Million by 2028
Growth rateCAGR of 5.2% from 2021-2028
Forecast Period2021-2028
Base Year2021
No. of Pages160
No. of Tables88
No. of Charts & Figures65
Historical data availableYes
Segments coveredType , Stage , and End-User and Geography
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

The players operating in the hydrogen compressor market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

  • In 2021, ENGV, PDC Machines Inc., and IVYS Inc. have combined efforts to set up the first retail hydrogen station in Australia. The station would support a fleet of 20 Hyundai Nexo clean-running hydrogen fuel cell vehicles for use in the Australia Capital Government, catalyzing the rollout of public-facing, retail hydrogen applications.
  • In 2021, Howden Group has been selected to deliver a hydrogen compression solution for Everfuel’s green hydrogen production facility, HySynergy in Denmark. The reliability, efficiency, and safety delivered by Howden’s compression solution enable Everfuel’s goal to provide Denmark with green hydrogen in a safe and controlled manner.


The global hydrogen compressor market has been segmented as given below:

By Type

  • Oil-Based
  • Oil-Free

By Stage

  • Single-Stage
  • Multi-Stage

By End-User

  • Chemicals
  • Oil and Gas
  • Automotive and Transportation
  • Renewable Energy
  • Other End-users

By Geography

  • North America
      • US
      • Canada
      • Mexico
  • Europe
      • France
      • Germany
      • Italy
      • UK
      • Russia
      • Rest of Europe
  • Asia Pacific (APAC)
      • China
      • India
      • South Korea
      • Japan
      • Australia
      • Rest of APAC
  • Middle East & Africa (MEA)
      • South Africa
      • Saudi Arabia
      • UAE
      • Rest of MEA
  • South America (SAM)
      • Brazil
      • Argentina
      • Rest of SAM

Company Profiles

  • Atlas Copco AB
  • Burckhardt Compression AG
  • Fluitron, Inc.
  • Gardner Denver Nash, LLC
  • Howden Group
  • HAUG Sauer Kompressoren AG
  • Hydro-Pac, Inc.
  • Lenhardt & Wagner GmbH
  • PDC Machines Inc.

Frequently Asked Questions

Presently, APAC held the largest revenue share of global hydrogen compressor market. The dominance of APAC market is attributed to the rise in demand for hydrogen compressor in industries, including automotive and transportation, oil and gas, and renewable energy, among others. Another important factor is the presence of technologically advanced industries in countries, including the China and Japan. The increased adoption of Industry 4.0 together with rising advancements in electronics manufacturing and machinery tools is propelling the hydrogen compressor market growth. Furthermore, several manufacturers of FCEVs are majorly focusing on entering into collaborations and partnerships with automobile OEMs to enhance their market interpretation.
Growing adoption of hydrogen fuel cell vehicles and booming oil and gas sector are driving the growth of the global hydrogen compressor market.
On the basis of type segment, the hydrogen compressor market is segmented into oil-based and oil-free. The oil-based segment led the hydrogen compressor market with a market share of 64.5% in 2020; and it is anticipated to continue its dominance during the forecast period, thereby accounting for 62.6% of the market by 2028.

The List of Companies - Hydrogen Compressor Market

  1. Atlas Copco AB
  2. Burckhardt Compression AG
  3. Fluitron, Inc.
  4. Gardner Denver Nash, LLC
  5. Howden Group
  6. HAUG Sauer Kompressoren AG
  8. Hydro-Pac, Inc.
  9. Lenhardt & Wagner GmbH
  10. PDC Machines Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global hydrogen compressor market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global hydrogen compressor market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Get the Latest COVID-19 Analysis on this market

Have a Question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Speak to Analyst
  • $3000
  • $4550
  • $6550
  • $8550

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis.

    Inquire for Discount