Hydrogen Compressor: Report Offers Growth Prospects by 2031

1.   Your Keywords ... Search    Press release Hydrogen Compressor Market Upcoming Trends Growing at a CAGR of 4% By 2030 Home 09-15-2023 11:28 AM CET | Industry, Real Estate & Construction Press release from: Allied Market Research Categories  Submit Press Release  The hydrogen compressor market size was valued at $1.9 billion in 2021, and is estimated to reach $2.8 billion by 2031, growing at a CAGR of 4% from 2022 to 2031. Order Credits Archive Magazine The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market. PR-Wiki About Us Hydrogen Compressor Market The research provides detailed segmentation of the global hydrogen compressor market based on technology type, lubrication type, end user industry, and region. The report discusses segments and their sub-segments in detail with the help of tables and ?gures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report. Consent to Cookies & Data processing We use cookies in accordance with our privacy policy linked below to process Download Sample Report: https://www.alliedmarketresearch.com/request-sample/8617 end device information and personal data. This serves the integration of content, external services and elements of third parties, statistical analysis/measurement, personalized advertising as well as the integration of social media. Depending on the function, data is thereby passed on to third parties, also in the USA, with the risk of secret access by US authorities and use for monitoring purposes, possibly also without any legal remedy, and processed by them. By clicking the "Accept All" button, you consent to the above use. This consent is voluntary and can be revoked at any time via the "Cookie Settings" link at the very bottom of the website footer. If you click on the "Reject all" button, only essential cookies that are necessary for the operation of the website will be set. At the bottom left via "Advanced settings" you can select in detail which cookies you want to allow. Hydrogen compressor is a device utilized to reduce the volume of hydrogen to increase the pressure resulting in compressed hydrogen or liquid hydrogen. The compressor decreases the volume of hydrogen gas as gases are compressible, but a pump raising the pressure of a liquid allows the liquid hydrogen to be transferred elsewhere. In addition, increase in investments and government initiatives in the chemical and energy sectors is expected to create opportunities for the hydrogen compressor market. For instance, the U.S. Department of Energy's (DOE) Of?ce of Fossil Energy (FE) stated in January 2021 that it will allocate USD 160 million in federal funds to assist in re-calibrate the country's massive fossil fuel and power infrastructure for decarbonized energy and commodity production. Similarly, in March 2022, Sinopec, China's second-largest oil company has invested $476 million in hydrogen technology research and development and planned a number of pilot green hydrogen projects. The company will prioritize the development of renewable energy projects, particularly those involving hydrogen, in its transition to a low-carbon business structure. The funds will be used to assist a variety of research initiatives aimed at developing hydrogen compressors. Reject all Accept all Customize your choice | Privacy notice | T&C | Legal notice Make Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/8617 powered by consentmanager.net Leading Players: Leading market players of the global hydrogen compressor market analyzed in the research include Ariel Corporation, Atlas Copco AB, Burckhardt Compression AG, Fluitron, Inc, HAUG Sauer Kompressoren AG, Hitachi, Ltd., Howden Group, IDEX Corporation, Ingersoll Rand, Inc., and Nel ASA. Key Findings Of The Study • The report provides an extensive analysis of the current hydrogen compressor market trends and future estimations of the market. • Depending on technology type, the mechanical compressors segment dominated the market, in terms of revenue, in 2021. • By lubricant type, the oil-based segment registered the highest revenue in 2021. • Oil & gas segment is projected to register highest growth rate in the coming years. • Based on region, Asia-Paci?c region has dominated the market in 2021 and is expected to register the highest CAGR during the hydrogen compressor market forecast period. • The key players within the hydrogen compressor market are pro?led in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the hydrogen compressor industry. 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