Hydrogen Compressors Market Growth, Size, Analysis, Challenges and Future Outlook
Hydrogen Compressor Market Growth, Size, Trends Analysis - By Lubrication Type, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Apr-2025 | Report ID: POAE2514 | Pages: 1 - 261 | Formats*: |
| Category : Power & Energy | |||
Hydrogen Compressor Market Introduction and Overview
According to SPER Market Research, the Global Hydrogen Compressor Market is estimated to reach USD 2.9 billion by 2034 with a CAGR of 4.16%.
The report includes an in-depth analysis of the Global Hydrogen Compressor Market, including market size and trends, product mix, Applications, and supplier analysis.
The global hydrogen compressor market was estimated at USD 1.93 billion in 2024 and is expected to increase at a CAGR of 4.16% between 2025 and 2034. As the globe transitions to a more sustainable energy system, hydrogen is increasingly seen as a critical component of the future energy landscape. It can be utilised as a clean fuel in a variety of applications, including transportation and power generation. Compressors are critical components of the hydrogen supply chain because they compress the element to the high pressures required for various applications, allowing it to be stored, transported, and used.
By Lubrication Type Insights: On the basis of lubrication type, the oil-based segment led this industry with the largest revenue share in 2024 and is forecasted to grow at a significant CAGR from 2025 to 2034. Oil-based compressors are known for their high operational efficiency and reliability. The presence of oil helps with lubrication, reducing wear on moving parts, resulting in a longer service life and lower maintenance needs, which are important for industries where downtime is expensive. They also have lower initial costs and operational expenses compared to oil-free compressors, making them favored in cost-sensitive industries.
By End User Insights: In 2024, the petrochemical and chemical industries had the largest revenue share of this market and are expected to grow significantly from 2025 to 2034. Hydrogen plays a key role in producing ammonia, methanol, and other important chemicals, often requiring high pressures for efficient reactions. Compressors are necessary for achieving these pressures, making hydrogen more effective in these processes. As the demand for these chemicals rises, so does the need for efficient hydrogen compression. Additionally, strict environmental regulations are pushing these industries towards cleaner production methods, increasing the need for hydrogen-based processes and compressors.
Regional Insights: Asia-Pacific is expected to be the largest region in the hydrogen compressors market from 2025 to 2034. This growth is due to rapid industrialization, urbanization, and high energy demand. The focus on renewable energy, where hydrogen is important, is increasing. Supportive government policies encourage sustainable practices and clean energy, boosting the use of hydrogen compressors. The reciprocating hydrogen compressor market is also growing in the region, with major companies like Siemens, Mitsubishi Power, Neuman & Esser Group, and Atlas Copco AB leading in manufacturing.
Market Competitive Landscape
The global market is made up of a few large firms as well as numerous small and medium-sized businesses. Siemens, Mitsubishi Power, Neuman & Esser Group, Atlas Copco AB, Howden Group, and Ingersoll Rand are among the industry leaders. The largest businesses account for more than half of the market, with the remainder held by a number of regional and local competitors in diverse applications. Major businesses have used new product development as a key market strategy. Ingersoll Rand Inc., headquartered in Davidson, North Carolina, USA, is a global industrial corporation known for a wide range of goods and services, including air compressors, pumps, and industrial gear. This company offers a variety of hydrogen compressors that are engineered to handle the high-pressure demands of industrial applications.
Recent Developments:
- MITSUI E&S Co. Ltd. announced in April 2024 that it would begin selling high-flow hydrogen compressors designed for hydrogen station facilities and hydrogen production equipment. The compressor can compress hydrogen to up to 50 MPa with a flow rate of 95 kg/h.
- In January 2024, Atlas Copco announced it acquired Hycomp, a company that specializes in high-pressure oil-free compressors and boosters for various industries. Hycomp, based in Salt Lake City, Utah, has 37 employees and generated about USD 8 million in revenue in 2023. This acquisition aims to expand Atlas Copco's product range with Hycomp's expertise.
- In June 2023, Ingersoll Rand agreed to acquire Howden Roots from Chart Industries for about USD 300 million. Howden Roots is a top provider of low-pressure compression and vacuum technologies, with a revenue of roughly USD 115 million.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Lubrication Type, By End User. |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. |
| Companies Covered | Hitachi Ltd, Burckhardt Compression Holding AG, IDEX CORPORATION, HAUG SAUER KOMPRESSOREN AG, Chart Industries, Inc (Howden Group), Fluitron Inc, ARIEL CORPORATION, ATLAS COPCO AB, NEL ASA, Ingersoll Rand Inc. |
Key Topics Covered in the Report
- Global Hydrogen Compressor Market Size (FY’2021-FY’2034)
- Overview of Global Hydrogen Compressor Market
- Segmentation of Global Hydrogen Compressor Market By Lubrication Type (Oil Based, Oil Free)
- Segmentation of Global Hydrogen Compressor Market By End User (Petrochemical & Chemicals, Oil & Gas, Others)
- Statistical Snap of Global Hydrogen Compressor Market
- Expansion Analysis of Global Hydrogen Compressor Market
- Problems and Obstacles in Global Hydrogen Compressor Market
- Competitive Landscape in the Global Hydrogen Compressor Market
- Details on Current Investment in Global Hydrogen Compressor Market
- Competitive Analysis of Global Hydrogen Compressor Market
- Prominent Players in the Global Hydrogen Compressor Market
- SWOT Analysis of Global Hydrogen Compressor Market
- Global Hydrogen Compressor Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Hydrogen Compressor Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Hydrogen Compressor Market
7. Global Hydrogen Compressor Market, By Lubrication Type (USD Million) 2021-2034
7.1. Oil Based7.2. Oil Free
8. Global Hydrogen Compressor Market, By End User (USD Million) 2021-2034
8.1. Petrochemical & Chemicals8.2. Oil & Gas8.3. Others
9. Global Hydrogen Compressor Market, (USD Million) 2021-2034
9.1. Global Hydrogen Compressor Market Size and Market Share
10. Global Hydrogen Compressor Market, By Region, (USD Million) 2021-2034
10.1. Asia-Pacific
10.1.1. Australia10.1.2. China10.1.3. India10.1.4. Japan10.1.5. South Korea10.1.6. Rest of Asia-Pacific
10.2. Europe
10.2.1. France10.2.2. Germany10.2.3. Italy10.2.4. Spain10.2.5. United Kingdom10.2.6. Rest of Europe
10.3. Middle East and Africa
10.3.1. Kingdom of Saudi Arabia10.3.2. United Arab Emirates10.3.3. Qatar10.3.4. South Africa10.3.5. Egypt10.3.6. Morocco10.3.7. Nigeria10.3.8. Rest of Middle-East and Africa
10.4. North America
10.4.1. Canada10.4.2. Mexico10.4.3. United States
10.5. Latin America
10.5.1. Argentina10.5.2. Brazil10.5.3. Rest of Latin America
11. Company Profile
11.1. Hitachi Ltd
11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments
11.2. Burckhardt Compression Holding AG
11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments
11.3. IDEX CORPORATION
11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments
11.4. HAUG SAUER KOMPRESSOREN AG
11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments
11.5. Chart Industries, Inc. (Howden Group)
11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments
11.6. Fluitron Inc
11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments
11.7. ARIEL CORPORATION
11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments
11.8. ATLAS COPCO AB
11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments
11.9. NEL ASA
11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments
11.10. Ingersoll Rand Inc
11.10.1. Company details11.10.2. Financial outlook11.10.3. Product summary11.10.4. Recent developments
11.11. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Hydrogen Compressor Market is projected to reach USD 2.9 billion by 2034, growing at a CAGR of 4.16% during the forecast period.
Hydrogen Compressor Market grew in Market size from 2025. The Market is expected to reach USD 2.9 billion by 2034, at a CAGR of 4.16% during the forecast period.
Hydrogen Compressor Market CAGR of 4.16% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Hydrogen Compressor Market size is USD 2.9 billion from 2025 to 2034.
Hydrogen Compressor Market is covered By Product, By Function, By Application, By End-User.
The North America is anticipated to have the highest Market share in the Hydrogen Compressor Market.
The key players in the Market include Companies Covered Hitachi Ltd, Burckhardt Compression Holding AG, IDEX CORPORATION, HAUG SAUER KOMPRESSOREN AG, Chart Industries, Inc (Howden Group), Fluitron Inc, ARIEL CORPORATION, ATLAS COPCO AB, NEL ASA, Ingersoll Rand Inc.
As the globe transitions to a more sustainable energy system, hydrogen is increasingly seen as a critical component of the future energy landscape. It can be utilised as a clean fuel in a variety of applications, including transportation and power generation. Compressors are critical components of the hydrogen supply chain because they compress the element to the high pressures required for various applications, allowing it to be stored, transported, and used.
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