Middle East and Africa Hydrogen Compressor Market Market to Grow at a CAGR of 4.0% to reach US$ 193.92 Mn Million from 2021 to 2028

Middle East and Africa 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 Code : TIPRE00023019
  • Category : Automotive and Transportation
  • Status : Published
  • No. of Pages : 78
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The hydrogen compressor market in MEA is expected to reach US$ 193.92 million by 2028 from US$ 147.32 million in 2021. The market is estimated to grow at a CAGR of 4.0% from 2021 to 2028.

South Africa, Saudi Arabia, and UAE are major economies in MEA. The electromechanical hydrogen compressors are presently in the research and development stage contain the usage of electrochemical reactions, ionic liquids, and metal hydrides. The electrochemical compressors have the application of proton exchange membranes lined by electrodes and a peripheral power source to lead the recombination at higher pressures at the cathode and dissociation of hydrogen at the anode. The development of electrochemical hydrogen compressor (EHC) is necessary to tackle the critical requirements of higher efficiency, lower cost, and improved durability.

The MEA includes South Africa, the UAE, and Saudi Arabia among other countries. South Africa has recorded the highest number of COVID-19 cases in the MEA, followed by Saudi Arabia and the UAE. The MEA has a smaller number of companies operating or offering market-specific solutions. According to the Institute of Chartered Accountants in England and Wales (ICAEW), the Middle Eastern economy is anticipated to witness a sharp slowdown in the first half of 2020, regardless of impetus packages as well as monetary rate cuts to relax the economic setback of the COVID outbreak. The COVID-19 pandemic is expected to have a greater impact on this region as countries with oil-based economies in this region are already under pressure due to falling oil prices. In addition, factory and business shutdowns, and travel bans are further aggravating the economic problems of the countries in the MEA. Hence, the estimated decline in MEA’s economic condition and impact of COVID-19 on growth of various industries in the region hindered the growth of hydrogen compressor market in 2020, which is likely to continue in 2021 as well. Further, the Middle Eastern economies are projected to pick up in the second half of 2021, after the normalization of both demand and supply sides.

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 MEA hydrogen compressor market. The MEA hydrogen compressor market is expected to grow at a good CAGR during the forecast period.
MEA hydrogen compressor market

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MEA Hydrogen Compressor Market Segmentation           

MEA Hydrogen Compressor Market – By Type

  • Oil-based
  • Oil-free

MEA Hydrogen Compressor Market- By Stage

  • Single-stage
  • Multi-stage

MEA Hydrogen Compressor Market- By End-User

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

MEA Hydrogen Compressor Market - By Country

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

MEA Hydrogen Compressor Market -Companies Mentioned

  • Atlas Copco AB
  • Burckhardt Compression AG
  • Fluitron, Inc.
  • Gardner Denver Nash, LLC
  • Howden Group
  • Lenhardt & Wagner GmbH
  • NEUMAN & ESSER GROUP
  • PDC Machines Inc.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Stage, and End-User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Saudi Arabia

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 MEA Hydrogen Compressor Market – By Type

1.3.2 MEA Hydrogen Compressor Market – By Stage

1.3.3 MEA Hydrogen Compressor Market – By End-User

1.3.4 MEA Hydrogen Compressor Market – By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. MEA Hydrogen Compressor Market Landscape

4.1 Market Overview

4.2 MEA PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. MEA Hydrogen Compressor Market – Key Industry Dynamics

5.1 Key Market Drivers

5.1.1 Expansion in Adoption of Hydrogen Fuel Cell Vehicles

5.1.2 Fast Growing Oil and gas Sector

5.2 Key Market Restraints

5.2.1 High Repetitive Cost in Maintenance

5.3 Key Market Opportunities

5.3.1 Accession in Investments in New Energy & Power Projects Worldwide

5.4 Future Trends

5.4.1 Progress of Electrochemical Hydrogen Compressor (EHC)

5.5 Impact Analysis of Drivers and Restraints

6. Hydrogen Compressor Market – MEA Market Analysis

6.1 MEA Hydrogen Compressor Market Overview

6.2 MEA Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

7. MEA Hydrogen Compressor Market Analysis – By Type

7.1 Overview

7.2 MEA Hydrogen Compressor Market Breakdown, By Type (2020 and 2028)

7.3 Oil-Based

7.3.1 Overview

7.3.2 Oil-Based: MEA Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

7.4 Oil-Free

7.4.1 Overview

7.4.2 Oil-Free: MEA Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

8. MEA Hydrogen Compressor Market Analysis– By Stage

8.1 Overview

8.2 MEA Hydrogen Compressor Market Breakdown, By Stage (2020 and 2028)

8.3 Single-Stage

8.3.1 Overview

8.3.2 Single-Stage: MEA Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

8.4 Multi-Stage

8.4.1 Overview

8.4.2 Multi-Stage: MEA Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

9. MEA Hydrogen Compressor Market Analysis – By End-user

9.1 Overview

9.2 MEA Hydrogen Compressor Market, By End-user (2020 and 2028)

9.3 Chemicals

9.3.1 Overview

9.3.2 Chemicals: MEA Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

9.4 Oil and Gas

9.4.1 Overview

9.4.2 Oil and Gas: MEA Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

9.5 Automotive and Transportation

9.5.1 Overview

9.5.2 Automotive and Transportation: MEA Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

9.6 Renewable Energy

9.6.1 Overview

9.6.2 Renewable Energy: MEA Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

9.7 Other End-users

9.7.1 Overview

9.7.2 Other End-users: MEA Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

10. MEA Hydrogen Compressor Market – Country Analysis

10.1 Overview

10.1.1 MEA: Hydrogen Compressor Market, by Key Country

10.1.1.1 South Africa: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 South Africa: Hydrogen Compressor Market, by Type

10.1.1.1.2 South Africa: Hydrogen Compressor Market, by Stage

10.1.1.1.3 South Africa: Hydrogen Compressor Market, by End-Users

10.1.1.2 Saudi Arabia: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 Saudi Arabia: Hydrogen Compressor Market, by Type

10.1.1.2.2 Saudi Arabia: Hydrogen Compressor Market, by Stage

10.1.1.2.3 Saudi Arabia: Hydrogen Compressor Market, by End-Users

10.1.1.3 UAE: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 UAE: Hydrogen Compressor Market, by Type

10.1.1.3.2 UAE: Hydrogen Compressor Market, by Stage

10.1.1.3.3 UAE: Hydrogen Compressor Market, by End-Users

10.1.1.4 Rest of MEA: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1 Rest of MEA: Hydrogen Compressor Market, by Type

10.1.1.4.2 Rest of MEA: Hydrogen Compressor Market, by Stage

10.1.1.4.3 Rest of MEA: Hydrogen Compressor Market, by End-Users

11. Hydrogen Compressor Market- COVID-19 Impact Analysis

11.1 Overview

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 New Product Development

13. Company Profiles

13.1 Atlas Copco AB

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Burckhardt Compression AG

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Fluitron, Inc.

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Gardner Denver Nash, LLC

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Howden Group

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 NEUMAN & ESSER GROUP

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Lenhardt & Wagner GmbH

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 PDC Machines Inc.

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

Table 1. MEA Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. MEA Hydrogen Compressor Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3. South Africa: Hydrogen Compressor Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 4. South Africa: Hydrogen Compressor Market, by Stage – Revenue and Forecast to 2028 (US$ Million)

Table 5. South Africa: Hydrogen Compressor Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 6. Saudi Arabia: Hydrogen Compressor Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 7. Saudi Arabia: Hydrogen Compressor Market, by Stage – Revenue and Forecast to 2028 (US$ Million)

Table 8. Saudi Arabia: Hydrogen Compressor Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 9. UAE: Hydrogen Compressor Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 10. UAE: Hydrogen Compressor Market, by Stage – Revenue and Forecast to 2028 (US$ Million)

Table 11. UAE: Hydrogen Compressor Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 12. Rest of MEA: Hydrogen Compressor Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 13. Rest of MEA: Hydrogen Compressor Market, by Stage – Revenue and Forecast to 2028 (US$ Million)

Table 14. Rest of MEA: Hydrogen Compressor Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 15. List of Abbreviation

LIST OF FIGURES

Figure 1. MEA Hydrogen Compressor Market Segmentation

Figure 2. MEA Hydrogen Compressor Market Segmentation – By Country

Figure 3. MEA Hydrogen Compressor Market Overview

Figure 4. Oil-Based Segment held the Largest Share of MEA hydrogen compressor market

Figure 5. Multi-Stage Segment held the Largest Share of MEA hydrogen compressor market

Figure 6. Oil and Gas segment held the Largest Share of MEA hydrogen compressor market

Figure 7. Saudi Arabia to Show Great Traction During Forecast Period in MEA hydrogen compressor market

Figure 8. MEA: PEST Analysis

Figure 9. MEA Hydrogen Compressor Market Ecosystem

Figure 10. Expert Opinions

Figure 11. MEA Hydrogen Compressor Market Impact Analysis of Drivers and Restraints

Figure 12. MEA Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)

Figure 13. MEA Hydrogen Compressor Market Breakdown, By Type (2020 and 2028)

Figure 14. MEA Oil-Based: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

Figure 15. MEA Oil-Free: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

Figure 16. MEA Hydrogen Compressor Market Breakdown, By Stage (2020 and 2028)

Figure 17. MEA Single-Stage: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

Figure 18. MEA Multi-Stage: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

Figure 19. MEA Hydrogen Compressor Market Breakdown, By End-user (2020 and 2028)

Figure 20. MEA Chemicals : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

Figure 21. MEA Oil and Gas : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

Figure 22. MEA Automotive and Transportation : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

Figure 23. Renewable Energy : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

Figure 24. MEA Other end-users : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

Figure 25. MEA: Hydrogen Compressor Market, by Key Country-Revenue 2020 (US$ Million)

Figure 26. MEA: Hydrogen Compressor Market Revenue Share, by Key Country (2020 and 2028)

Figure 27. South Africa: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Saudi Arabia: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. UAE: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Rest of MEA: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. Impact of COVID-19 Pandemic in MEA Markets

  1. Atlas Copco AB
  2. Burckhardt Compression AG
  3. Fluitron, Inc.
  4. Gardner Denver Nash, LLC
  5. Howden Group
  6. Lenhardt & Wagner GmbH
  7. NEUMAN & ESSER GROUP
  8. PDC Machines Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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