Hydrogen Compressor Market Expected to Hit USD 3.6 billion by 2031, Rising a 5.8 % CAGR – Transparency Market Research, Inc.
The world has been demanding alternatives for conventional energy resources. To promote green energy, decarbonization needs to be increased. To achieve this, cleaner energy resources are supposed to be exploited.
Wilmington, Delaware, United States, Transparency Market Research Inc. -, Oct. 25, 2024 (GLOBE NEWSWIRE) — The global
Key Players
- Atlas Copco AB
- Ingersoll Rand
- Indian Compressors Ltd.
- Siemens
- Hitachi Ltd.
- BAUER COMP Holding GmbH
- Chart Industries
- Kobe Steel, Ltd.
- Ariel Corporation
- HAUG Sauer Kompressoren AG
- Sundyne Corp.
- Fluitron Inc.
- Burckhardt Compression AG
Regional Profile
- China, Japan, India, and South Korea are some Asian countries that have implemented policies to promote a hydrogen economy. Due to this, the Asia Pacific region is estimated to advance in the global hydrogen compressor market at a moderate CAGR of 6.2%. Hence, it is a significant contributor to the market.
- Due to North America’s technological development, the quality of hydrogen compressors is top-notch. Furthermore, the demand generated within the continent is greater. As a result, it is also a significant contributor to the subject market.
- Apart from this, Europe, the Middle East, and Africa have also been significant contributors to the market under consideration.
Market Segmentation
By Type
- Centrifugal
- Reciprocating
- Diaphragm
- Scroll
- Others
By Lubrication
- Oil-injected
- Oil-free
By Technology
- Single Stage
- Multistage
By Application
- Hydrogen Refueling Station
- Hydrogen Production
- Fuel Cell System
- Hydrogen Storage
- Pipeline
- Industrial
- Others
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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