Hydrogen Compressor Market Expected to Reach $ 2,662.1 Million by 2030

Factors such as increasing hydrogen consumption by end user industries and construction of hydrogen pipeline infrastructure are expected to drive the market.

PORTLAND, OR, USA, September 14, 2021 /EINPresswire.com/ – The hydrogen compressor is a device used to reduce the volume of hydrogen in order to increase the pressure resulting in compressed hydrogen or liquid hydrogen. The compressor decreases the volume of hydrogen gas because the gases are compressible, but a pump raising the pressure of a liquid allows the liquid hydrogen to be transferred elsewhere.

The global hydrogen compressor market size was valued at $ 1,789.1 million in 2020 and is expected to reach $ 2,662.1 million by 2030, registering a CAGR of 4.0% from 2021 to 2030.

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Hydrogen compressors are capable of compressing small to medium volumes of hydrogen to high pressures, and depending on the application, they can even reach pressures in excess of 5,000 bar (75,000 PSI). In addition, lubricated compression can reach discharge pressures of over 600 bar (9,000 PSI) if traces of oil are allowed in the gas, which is one of the main drivers in the market.

Key market players

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

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Key market segments

By type of technology

Mechanical
Not mechanical

By type of lubricant

Oil based
Oil free

By end user industry

Petroleum gas
Chemical
Automotive
Others

By region

North America
Europe
Asia Pacific
LAMEA

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