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Hydrogen Compressor Market to Reach $2.66 Bn, Globally, by 2030 at 4.0% CAGR: Allied Market Research

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Allied Market Research

31 Jan, 2022, 13:10 GMT

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Development of hydrogen pipeline infrastructure, rise in demand for hydrogen from the oil industry, and advancements in the chemical industry drive the growth of the global hydrogen compressor market

PORTLAND, Ore, Jan. 31, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Hydrogen Compressor Market by Technology Type (Mechanical and Nonmechanical), Lubricant Type (Oil-based and Oil-free) and End-user Industry (Oil & Gas, Chemical, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030." According to the report, the global hydrogen compressor industry was estimated at $1.78 billion in 2020, and is anticipated to hit $2.66 billion by 2030, registering a CAGR of 4.0% from 2021 to 2030.

Drivers, restraints, and opportunities-

Development of hydrogen pipeline infrastructure, rise in demand for hydrogen from the oil industry, and advancements in the chemical industry drive the growth of the global hydrogen compressor market. On the other hand, economic slowdown and rise in environmental awareness impede the growth to some extent. However, demand for hydrogen compressors in ethylene plants is expected to create lucrative opportunities in the industry.

Download Sample PDF: https://www.alliedmarketresearch.com/request-sample/8617

Covid-19 scenario-

  • The outbreak of the pandemic gave way to huge disruptions in the manufacturing activities, especially during the initial phase. Simultaneously, distorted supply chain and dearth of raw materials created a number of challenges, thereby impacting the global hydrogen compressor market negatively.
  • However, the market is projected to recoup soon.

The mechanical compressors segment to retain the lion's share-

By technology type, the mechanical compressors segment contributed to the highest share in 2020, holding more than three-fourths of the global hydrogen compressor market. The same segment is also expected to cite the fastest CAGR of 4.2% from 2021 to 2030. Mechanical hydrogen compressors reach gravimetric and volumetric energy densities close to the DOE 2017 targets with efficiencies up to 95%. This factor propels the segment growth. The report also discusses the non-mechanical compressors segment.

Get detailed COVID-19 impact analysis on the Hydrogen Compressor Market: https://www.alliedmarketresearch.com/request-for-customization/8617

The oil based segment to dominate by 2030-

By lubrication type, oil based segment held the major share in 2020, garnering nearly two-thirds of the global hydrogen compressor market. The same segment is also anticipated to witness the fastest CAGR of 4.2% from 2021 to 2030. This is because oil-based hydrogen compressors are quite popular as they run smoothly without damaging the mechanism.

Asia-Pacific, followed by Europe and North America, held the major share in 2020-

By region, Asia-Pacific held the highest share in 2020, generating nearly one-third of the global hydrogen compressor market. The same region is also anticipated to cite the fastest CAGR of 4.8% throughout the forecast period. Easy availability of labor and increase in industrialization drive the market growth in the Asia-Pacific region. The report also assesses other regions including North America, Europe, and LAMEA.

Key players in the industry-

  • Atlas Copco AB
  • Burckhardt Compression AG
  • HAUG Sauer Kompressoren AG
  • Hitachi, Ltd.
  • Howden Group
  • Ariel Corporation
  • IDEX Corporation
  • Ingersoll Rand, Inc.
  • Fluitron, Inc.
  • Nel ASA

Interested in Procure Data? Visit: https://www.alliedmarketresearch.com/purchase-enquiry/8617

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenueTrial

Similar Reports We Have:

Air Compressor Market - Global Air Compressor Market growing at a CAGR of 4.47% from 2017 to 2023.

Compressor Wheel Market - Compressor wheel market is expected to reach $4,334.6 million by 2030, registering a CAGR of 4.8% from 2021 to 2030.

Rotary Air Compressor Market - Global Rotary Air Compressor market is projected to reach at $12,634 million by 2023, growing at a CAGR of 4.50% from 2017 to 2023.

Turbocompressor Market - Global Turbocompressor Market is projected to grow at a CAGR of 6.5% and is forecast to reach $18,424 million by 2022.

North America Air Compressor Market - North America Air Compressor Market is projected to reach $5,754 million by 2023, registering a CAGR of 3.68% during the forecast period 2017-2023.

Pre-Book Now with 10% Discount:

Oil Free Scroll Compressor Market - Global Opportunity Analysis and Industry Forecast, 2021-2028

Refrigerant Compressors Market - Global Opportunity Analysis and Industry Forecast, 2020–2027

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): +1-800-792-5285,
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
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