According to a market report by Lucintel, the future of the global hydrogen compressor market looks promising with opportunities in the oil & gas, chemical, and automotive markets. The global hydrogen compressor market is expected to reach an estimated $2.3 billion by 2030 with a CAGR of 4.2% from 2024 to 2030. The major drivers for this market are increasing demand for hydrogen in industries like refineries & chemicals, growing investments in hydrogen energy storage solutions, and rise in hydrogen fuel cell vehicles.

A more than 150 – page report is developed to understand Trends, opportunity and forecast in hydrogen compressor market to 2030 by technology type (mechanical compressors and non-mechanical compressors), lubrication type (oil-based and oil-free), end use (oil & gas, chemical, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, mechanical compressor and non-mechanical compressor are the major segments of hydrogen compressor market by technology type. Lucintel forecasts that mechanical compressor will remain the larger segment over the forecast period.

Within this market, oil & gas will remain the largest segment.

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APAC is expected to witness highest growth over the forecast period.

Idex Corporation, Ariel Corporation, Haug Sauer Kompressoren, Burckhardt Compression Holding, ATLAS COPCO, Ingersoll Rand, NEL ASA, Chart Industries, Fluitron, and Hitachi are the major suppliers in the hydrogen compressor market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]