At 6.7% CAGR, Middle East & Africa Hydrogen Compressor Market is Projected to be Worth US$ 179.54 Million by 2035 says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa hydrogen compressor market was valued at US$ 84.17 million in 2023 and is expected to reach US$ 179.54 million by 2035, registering a CAGR of 6.7% from 2024 to 2035. Growing adoption of hydrogen fuel cell vehicles and increasing industrial production activities are among the critical factors attributed to drive the Middle East & Africa hydrogen compressor market.

Governments of various countries across the globe are continuously focusing on the development of eco-friendly solutions for various industries, including automotive, due to rising concerns associated with the depletion of natural resources and environmental degradation. In addition, a shift in consumer preferences owing to a surge in awareness related to the effects of air pollution and boosting levels of traffic and greenhouse gas emissions has driven the need for hydrogen fuel cell vehicles. The rise in government investments in hydrogen fuel infrastructure and incentives offered to the buyers are allowing the original equipment manufacturers (OEMs) to expand their revenue stream as well as their geographical presence. For instance, the UAE and Saudi Arabia are investing in hydrogen as part of their clean energy visions. This includes pilot projects for hydrogen fuel cell vehicles and partnerships aimed at developing a hydrogen economy. Further, there is a rise in research and development activities by vehicle manufacturers players across the globe. For instance, in December 2020, Toyota launched its redesigned Mirai. The company updated a variety of internal and external functions, including its hydrogen fuel cell system.

There are a variety of benefits of hydrogen fuel cell vehicles over conventional ICE vehicles. Fuel cell electric vehicles (FCEVs) provide improved fuel economy to internal combustion engine (ICE) vehicles. The FCEV has a fuel economy of ~63 miles per gallon gasoline equivalent (MPGge), and an ICE vehicle records 29 MPGge on roads. Hybridization enhances the fuel economy of an FCEV by approximately 3.2%. Moreover, the FCEVs can travel almost 300 miles without refueling. Government incentives and product development activities by key players for hydrogen vehicles is leading to increased demand for hydrogen infrastructure market ultimately driving the market.

On the contrary, high recurring cost in maintenance hampers the growth of Middle East & Africa hydrogen compressor market.

Based on type, the Middle East & Africa hydrogen compressor market is bifurcated into lubricated, and oil-free. The lubricated segment held 63.7% market share in 2023, amassing US$ 53.62 million. It is projected to garner US$ 109.24 million by 2035 to register 6.3% CAGR during 2024–2035.

By technology, the Middle East & Africa hydrogen compressor market is segmented into reciprocating hydrogen compressor, diaphragm hydrogen compressor, non-mechanical hydrogen compressor, and others. The reciprocating hydrogen compressor segment held 45.8% share of Middle East & Africa hydrogen compressor market in 2023, amassing US$ 38.54 million. It is projected to garner US$ 85.30 million by 2035 to expand at 7.0% CAGR from 2024 to 2035.

Based on end user, the Middle East & Africa hydrogen compressor market is segmented into power plants, oil and gas, food and beverages, petrochemical and chemical, hydrogen fueling stations, hydrogen storage (tube trailers), and others. The petrochemical and chemical segment held 31.3% market share in 2023, amassing US$ 26.38 million. It is projected to garner US$ 51.19 million by 2035 to register 5.9% CAGR during 2024–2035.

Based on country, the Middle East & Africa hydrogen compressor market is categorized into South Africa, Saudi Arabia, the UAE, Turkey, Namibia, Oman, Nigeria, Egypt, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 40.5% share of Middle East & Africa hydrogen compressor market in 2023. It was assessed at US$ 34.10 million in 2023 and is likely to hit US$ 76.31 million by 2035, registering a CAGR of 7.1% during 2024 to 2035.

Key players operating in the hydrogen compressor market are Atlas Copco AB; Burckhardt Compression AG; Fluitron, Inc; Gardner Denver Nash, LLC; Howden Group; HAUG Sauer Kompressoren AG; NEUMAN & ESSER GROUP; Hydro-Pac, Inc; Lenhardt & Wagner GmbH; PDC Machines Inc; Sundyne; and Ariel Corporation, among others.

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