Product Code: GVR-4-68040-399-6
Hydrogen Compressor Market Summary
The global hydrogen compressor market size was estimated at USD 1.94 billion in 2024 and is projected to reach USD 2.54 billion by 2030, growing at a CAGR of 4.6% from 2025 to 2030. As the world moves to a more sustainable energy system, hydrogen is increasingly considered a vital component of the future energy mix.
It can be used as a clean fuel in various applications, from transportation to power generation. Compressors are essential in this hydrogen supply chain, enabling storage, transportation, and utilization of this element by compressing it to the high pressures required for these applications. The integration of renewable energy sources such as wind and solar power has increased the focus on hydrogen as an energy storage solution. During periods of excess renewable energy production, electrolysis can convert this surplus electricity into hydrogen, which can then be stored and later converted back into electricity or used as a fuel. Hydrogen compressors play a crucial role in this process, making it possible to store and transport this material efficiently. Fuel cell technology, which converts this element into electricity with water as the only byproduct, is rapidly advancing. This technology is becoming more prevalent in various sectors, including automotive (fuel cell vehicles), stationary power generation, and portable power systems. The increased adoption of fuel cells necessitates reliable and efficient compressors to ensure a steady hydrogen supply at the required pressure levels, driving the demand for the hydrogen compressor market.
In addition, governments worldwide are implementing policies and incentives to promote the use of hydrogen as part of their efforts to reduce greenhouse gas emissions and combat climate change. These initiatives include subsidies for hydrogen production, infrastructure development, and research and development funding. Hence, the demand for this product is impelled by the supportive regulatory frameworks that drive investment in these technologies.
Furthermore, hydrogen is widely used in various industrial processes, such as refining, ammonia production, and methanol synthesis. The need for this element in these industries continues to grow, driven by the increasing demand for production and cleaner production processes. These compressors are vital for industrial applications, ensuring the efficient handling and processing of the gas. The development of hydrogen refueling infrastructure is critical for the adoption of hydrogen-powered vehicles. Such refueling stations require compressors to pressurize this gas to the high levels needed for vehicle fueling. With the growing network of refueling stations globally, the demand for such compressors is rising.
Ongoing advancements in compressor technology make compressors more efficient, reliable, and cost-effective. Innovations such as oil-free compressors, improved materials, and enhanced cooling systems are driving the adoption by addressing issues related to maintenance, energy consumption, and operational efficiency.
Global Hydrogen Compressor Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and analyzes the latest industry trends in each sub-segment from 2018 to 2030. For this study, Grand View Research has segmented the global hydrogen compressor market report based on lubrication type, end-use and region:
- Lubrication Type Outlook (Revenue, USD Billion, 2018 - 2030)
- Oil Based
- Oil Free
- End-use Outlook (Revenue, USD Billion, 2018 - 2030)
- Petrochemical & Chemicals
- Oil & Gas
- Others
- Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- South Korea
- Latin America
- Middle East and Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Hydrogen Compressor Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-Environmental Analysis
Chapter 4. Hydrogen Compressor Market: Lubrication Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Hydrogen Compressor Market: Lubrication Type Movement Analysis & Market Share, 2024 & 2030
- 4.3. Oil Based
- 4.3.1. Oil Based Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4. Oil Free
- 4.4.1. Oil Free Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Hydrogen Compressor Market: End Use Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Hydrogen Compressor Market: End Use Movement Analysis & Market Share, 2024 & 2030
- 5.3. Petrochemical & Chemicals
- 5.3.1. Petrochemical & Chemicals Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.4. Oil & Gas
- 5.4.1. Oil & Gas Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.5. Others
- 5.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Hydrogen Compressor Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2024 & 2030
- 6.2. North America
- 6.2.1. North America Hydrogen Compressor Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- 6.2.2. U.S.
- 6.2.2.1. Key Country Dynamics
- 6.2.2.2. U.S. Hydrogen Compressor Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- 6.2.3. Canada
- 6.2.3.1. Key Country Dynamics
- 6.2.3.2. Canada Hydrogen Compressor Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- 6.2.4. Mexico
- 6.2.4.1. Key Country Dynamics
- 6.2.4.2. Mexico Hydrogen Compressor Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- 6.3. Europe
- 6.3.1. Europe Hydrogen Compressor Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- 6.3.2. UK
- 6.3.2.1. Key Country Dynamics
- 6.3.2.2. UK Hydrogen Compressor Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- 6.3.3. Germany
- 6.3.3.1. Key Country Dynamics
- 6.3.3.2. Germany Hydrogen Compressor Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- 6.3.4. France
- 6.3.4.1. Key Country Dynamics
- 6.3.4.2. France Hydrogen Compressor Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- 6.3.5. Italy
- 6.3.5.1. Key Country Dynamics
- 6.3.5.2. Italy Hydrogen Compressor Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- 6.3.6. Spain
- 6.3.6.1. Key Country Dynamics
- 6.3.6.2. Spain Hydrogen Compressor Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Hydrogen Compressor Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- 6.4.2. China
- 6.4.2.1. Key Country Dynamics
- 6.4.2.2. China Hydrogen Compressor Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- 6.4.3. India
- 6.4.3.1. Key Country Dynamics
- 6.4.3.2. India Hydrogen Compressor Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- 6.4.4. Japan
- 6.4.4.1. Key Country Dynamics
- 6.4.4.2. Japan Hydrogen Compressor Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- 6.4.5. South Korea
- 6.4.5.1. Key Country Dynamics
- 6.4.5.2. South Korea Hydrogen Compressor Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- 6.5. Latin America
- 6.5.1. Latin America Hydrogen Compressor Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- 6.5.2. Brazil
- 6.5.2.1. Key Country Dynamics
- 6.5.2.2. Brazil Hydrogen Compressor Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- 6.5.3. Argentina
- 6.5.3.1. Key Country Dynamics
- 6.5.3.2. Argentina Hydrogen Compressor Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- 6.6. Middle East & Africa
- 6.6.1. Middles East & Africa Hydrogen Compressor Market Estimates & Forecast, 2018 - 2030 (USD Billion)
Chapter 7. Hydrogen Compressor Market - Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Heat Map/ Position Analysis, 2024
- 7.4. Strategy Mapping
- 7.4.1. Expansion
- 7.4.2. Mergers & Acquisition
- 7.4.3. Partnerships & Collaborations
- 7.4.4. New Product Launches
- 7.4.5. Research and Development
- 7.5. Company Profiles
- 7.5.1. Hitachi Ltd.
- 7.5.1.1. Participant's Overview
- 7.5.1.2. Financial Performance
- 7.5.1.3. Product Benchmarking
- 7.5.1.4. Recent Developments
- 7.5.2. Burckhardt Compression Holding AG
- 7.5.2.1. Participant's Overview
- 7.5.2.2. Financial Performance
- 7.5.2.3. Product Benchmarking
- 7.5.2.4. Recent Developments
- 7.5.3. IDEX CORPORATION
- 7.5.3.1. Participant's Overview
- 7.5.3.2. Financial Performance
- 7.5.3.3. Product Benchmarking
- 7.5.3.4. Recent Developments
- 7.5.4. HAUG SAUER KOMPRESSOREN AG
- 7.5.4.1. Participant's Overview
- 7.5.4.2. Financial Performance
- 7.5.4.3. Product Benchmarking
- 7.5.4.4. Recent Developments
- 7.5.5. Chart Industries, Inc. (Howden Group)
- 7.5.5.1. Participant's Overview
- 7.5.5.2. Financial Performance
- 7.5.5.3. Product Benchmarking
- 7.5.5.4. Recent Developments
- 7.5.6. Fluitron Inc.
- 7.5.6.1. Participant's Overview
- 7.5.6.2. Financial Performance
- 7.5.6.3. Product Benchmarking
- 7.5.6.4. Recent Developments
- 7.5.7. ARIEL CORPORATION
- 7.5.7.1. Participant's Overview
- 7.5.7.2. Financial Performance
- 7.5.7.3. Product Benchmarking
- 7.5.7.4. Recent Developments
- 7.5.8. ATLAS COPCO AB
- 7.5.8.1. Participant's Overview
- 7.5.8.2. Financial Performance
- 7.5.8.3. Product Benchmarking
- 7.5.8.4. Recent Developments
- 7.5.9. NEL ASA
- 7.5.9.1. Participant's Overview
- 7.5.9.2. Financial Performance
- 7.5.9.3. Product Benchmarking
- 7.5.9.4. Recent Developments
- 7.5.10. Ingersoll Rand Inc.
- 7.5.10.1. Participant's Overview
- 7.5.10.2. Financial Performance
- 7.5.10.3. Product Benchmarking
- 7.5.10.4. Recent Developments