Global Hydrogen Compressor Market, By Technology (Single-stage, and Multistage), By Specification (Oil-based, and Oil-free), By Product Type (Reciprocating Piston Compressors, Electrochemical Hydrogen Compressor, Hydride Compressor, Others), By End-user (Chemical, Oil & Gas, and Others), By Region, Competition Forecast & Opportunities, 2027
New York, July 19, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Hydrogen Compressor Market, By Technology, By Specification, By Product Type, By End-user, By Region, Competition Forecast & Opportunities, 2027" - https://www.reportlinker.com/p06293079/?utm_source=GNW
The global hydrogen compressor market is expected to witness a growth at a steady CAGR in the forecast period, 2023-2027.Factors such as the ongoing construction of hydrogen infrastructure pipelines and the rise in hydrogen consumption from the end-user industries are driving the demand for the global hydrogen compressor market.
Also, the surge in demand for oil-based compressors due to their ability to offer several advantages over oil-free compressors, including their higher efficiency, is expected to influence the market demand positively. The risk of early wear and tear of hydrogen compressor components and high maintenance and purchasing costs of hydrogen compressors may hinder the market growth in the coming years.
The global hydrogen compressor market is segmented into technology, specification, product type, end user, regional distribution, and competitive landscape.Based on regional analysis, Asia-Pacific dominates the market and is expected to maintain its dominance by 2027.
Government policies to promote the adoption of environment-friendly energy sources are primarily driving the market demand in the region. Furthermore, the rise in popularity of hydrogen fuel cell vehicles due to growing awareness about the adverse effect of carbon emissions on the environment is expected to influence the market demand in the coming years.
The major players operating in the global hydrogen compressor market are Ariel Corporation, Burckhardt Compression AG, Corken Inc, Howden Group Ltd, Atlas Copco Group, Colfax Corporation, Hitachi Limited, HAUG Sauer Kompressoren AG, IDEX Corporation, Siemens AG, and others.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F–2027F
Objective of the Study:
• To analyze historical growth in market size of global hydrogen compressor market from 2017 to 2021.
• To estimate and forecast the market size of global hydrogen compressor market from 2022E to 2027F and growth rate until 2027F.
• To classify and forecast global hydrogen compressor market based on technology, specification, product type, region, and company.
• To identify dominant region or segment in the global hydrogen compressor market.
• To identify drivers and challenges for global hydrogen compressor market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global hydrogen compressor market.
• To identify and analyze the profile of leading players operating in global hydrogen compressor market.
• To identify key sustainable strategies adopted by market players in global hydrogen compressor market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of manufacturers across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the manufacturers which could not be identified due to the limitations of secondary research. The analyst examined the manufacturers, distribution channels and presence of all major players across the globe.
The analyst calculated the market size of global hydrogen compressor market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Hydrogen compressor manufacturing companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to hydrogen compressor
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global hydrogen compressor market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Global Hydrogen Compressor Market, By Technology:
o Single stage
• Global Hydrogen Compressor Market, By Specification:
• Global Hydrogen Compressor Market, By Product Type:
o Reciprocating Piston Compressors
o Electrochemical Hydrogen Compressor
o Hydride Compressor
• Global Hydrogen Compressor Market, By End User:
o Oil & Gas
• Global Hydrogen Compressor Market, By Region:
o North America
o Middle East & Africa
o South America
Company Profiles: Detailed analysis of the major companies present in global hydrogen compressor market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06293079/?utm_source=GNW
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