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Hydrogen Compressor Market to Grow USD 664.8 Million by 2029 witnessing a CAGR of 6.5% | Valuates Reports

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Valuates Reports

28 Mar, 2023, 16:00 GMT

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BANGALORE, India, March 28, 2023 /PRNewswire/ -- The Hydrogen Compressor Market is Segmented by Type (Positive Displacement Compressor, Centrifugal Compressor), by Application (Chemical Engineering, Oil & Gas): Opportunity Analysis and Industry Forecast, 2023–2029. It is published in Valuates Reports under the Heavy Machinery Category.

The global Hydrogen Compressor market was valued at USD 425.6 million in 2022 and is anticipated to reach USD 664.8 million by 2029, witnessing a CAGR of 6.5% during the forecast period 2023-2029.

Major factors driving the growth of the Hydrogen Compressor Market:

The demand for hydrogen from end-user sectors including fertilizer and oil refineries is expected to rise during the projection period, and there will likely be a rise in the deployment of hydrogen pipeline infrastructure globally for transportation. This factor is expected to drive the growth of the Hydrogen Compressor market.

Download Free Sample Report: https://reports.valuates.com/request/sample/QYRE-Auto-16H8986/Global_Hydrogen_Compressor_Market_Outlook_2022

TRENDS INFLUENCING THE GROWTH OF HYDROGEN COMPRESSOR MARKET:

The construction of hydrogen pipeline infrastructure and rising end-user industry hydrogen consumption are two factors that are anticipated to fuel the expansion of the worldwide hydrogen compressor market.

In addition, it has been observed that the demand for oil-based compressors has grown dramatically in recent years. This is explained by the fact that oil-based compressors are more effective than their oil-free counterparts because oil serves as a cooling medium, removing about 80% of the heat produced by the compressor during compression. As a result, during the forecast period, this factor is anticipated to significantly contribute to the growth of the hydrogen compressor market.

Because hydrogen can store more energy while weighing less than other fuels, making it appropriate for vehicles with large payloads and long ranges, hydrogen fuel cells are largely utilized to power electric vehicles. The development of hydrogen fuel cells is also being fueled by the increased demand for cleaner energy.

The ability to quickly refill cars is the key benefit of using a compressed hydrogen gas storage system. Refueling with a high-pressure gas storage system can be done quickly; however, protocols and procedures for refueling with liquid storage are not currently available. Further factors increasing demand for hydrogen compressors globally include an increase in the number of hydrogen gas pipelines and developments in the automotive industry. Moreover, the government's measures for clean fuel also influence the market.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-16H8986/global-hydrogen-compressor

HYDROGEN COMPRESSOR MARKET SHARE:

The fuel cell market in Asia-Pacific is perhaps the most promising during the forecast period. One of the biggest and fastest-growing markets for hydrogen compressors is found in China. The chemical, oil and gas, and manufacturing sectors have seen significant growth in the nation. Hydrogen centrifugal compressors are used in the refining and petrochemical industries, including ethylene manufacturers, for cracked-gas compression and refrigeration services. The government has boosted its ethylene and benzene production capacity as a result of supply and demand imbalances.

Download Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-16H8986/Global_Hydrogen_Compressor_Market_Outlook_2022

Key Companies:

  • ARIEL
  • Atlas Copco
  • Burckhardt
  • Dresser-Rand
  • Kobelco
  • Sundyne
  • Gardner Denver
  • Corken
  • Howden Group
  • Hitachi
  • Hydro-Pac
  • HAUG Sauer
  • Kaishan
  • Shenyang Blower Works Group Corporation (SBW)
  • Siemens Energy.

Buy Customized Report: https://reports.valuates.com/request/customisation/QYRE-Auto-16H8986/Global_Hydrogen_Compressor_Market_Outlook_2022 

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SIMILAR REPORTS:

-  Hydrogen Peroxide market size is estimated to be worth USD 4338.3 Million in 2022 and is forecast to a readjusted size of USD 5240.8 Million by 2028 with a CAGR of 3.2% during the forecast period 2022-2028.

-  Hydrogen Bromide (CAS 10035-10-6) Market

-  Hydrogen Fuel Cells market size is estimated to be worth USD 4526 million in 2022 and is forecast to a readjusted size of USD 25510 million by 2028 with a CAGR of 33.4% during the review period.

-  Green hydrogen market size was valued at USD 0.3 Billion in 2020, and is projected to reach USD 9.8 Billion by 2028, growing at a CAGR of 54.7% from 2021 to 2028.

-  Hydrogen Generation market size is estimated to be worth USD 265.6 million in 2022 and is forecast to a readjusted size of USD 445.5 million by 2028 with a CAGR of 9.0% during the review period.

-  Hydrogen Electrolyser market size is estimated to be worth USD 216 million in 2022 and is forecast to a readjusted size of USD 423.6 million by 2028 with a CAGR of 11.9% during the review period.

-  Electronic Grade Hydrogen Peroxide market is projected to reach USD 779.4 million by 2028 from an estimated USD 435.2 million in 2022, at a CAGR of 10.2% during 2023 and 2028.

-  Type V Hydrogen Storage Tank Market

-  Electrolyzer market was valued at USD 0.2 billion in 2019 and is anticipated to generate USD 0.9 billion by 2027. The market is projected to grow at a CAGR of 24.6% from 2020 to 2027.

-  Hydrogen Fuel Cell Air Compressor Market

-  Hydrogen Fuel Cell Gas Diffusion Layer market size was USD 383 million and it is expected to reach USD 2684.3 million by the end of 2027, with a CAGR of 32.4% during 2021-2027.

-  Steam and Hydrogen Peroxide Biological Indicator Market

-  Hydrogen Tanks Market

-  Hydrogen Solenoid Valve Market

-  Electrochemical Hydrogen Compressors Market

-  Hydrogen Circulation Pump in Fuel Cell Market

-  Low Temperature Hydrogen Peroxide Plasma Sterilizer Market

-  Reciprocating Hydrogen Compressor Market

-  Mechanical Hydrogen Compressor Market

-  Positive-displacement Hydrogen Compressor Market

-  Diaphragm Type Hydrogen Compressor Market

-  Process Gas Compressor Market

-  Stationary Hydrogen Storage Tank Market

Click here to see related reports on Hydrogen Compressor market

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

CONTACT US:

Valuates Reports
sales@valuates.com 
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
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