At 5.4% CAGR, North America Hydrogen Compressor Market is Projected to be Worth US$ 755.58 Million by 2035 says Business Market Insights

According to Business Market Insights’ research, the North America hydrogen compressor market was valued at US$ 411.94 million in 2023 and is expected to reach US$ 755.58 million by 2035, registering a CAGR of 5.4% from 2024 to 2035. Development of electrochemical hydrogen compressors (EHC) and increasing shift toward green hydrogen are among the critical factors attributed to drive the North America hydrogen compressor market.

The electromechanical hydrogen compressors are presently in the research and development stage and electrochemical reactions, ionic liquids, and metal hydrides. The electrochemical compressors have the application of proton exchange membranes lined by electrodes and a peripheral power source to lead the recombination at higher pressures at the cathode and dissociation of hydrogen at the anode. The development of an electrochemical hydrogen compressor (EHC) is necessary to tackle the critical requirements of higher efficiency, lower cost, and improved durability. For instance, HyET Group offers electrochemical hydrogen compression technology, which is exclusively designed to operate the compression and purification step utilizing one piece of equipment. This results in a compact, energy-efficient, and cost-effective electromechanical hydrogen compressor. This technology minimizes downtime, as electrochemical compression stacks are static equipment, and hence, they do not have the wear and tear issue.

Furthermore, the modular design of EHC systems facilitates concurrent operation in case one of the compressor stacks requires maintenance or inspection after some period. Also, in September 2023, Atlas Copco launched an H2P hydrogen compressor that is capable of electrochemical electrolysis production. The company introduced speed-controlled technologies to compensate for fluctuations in hydrogen production and ensure optimal efficiency by reducing energy losses. These unique technologies launched by the key players are contributing to future growth in the hydrogen compressor market.

On the contrary, high recurring cost in maintenance hampers the growth of North America hydrogen compressor market.

Based on type, the North America hydrogen compressor market is bifurcated into lubricant and oil-free. The lubricant segment held 64.8% market share in 2023, amassing US$ 251.84 million. It is projected to garner US$ 442.85 million by 2035 to register 5.0% CAGR during 2024–2035.

By technology, the North America hydrogen compressor market is segmented into reciprocating hydrogen compressor, diaphragm hydrogen compressor, non-mechanical hydrogen compressor, and others. The reciprocating hydrogen compressor segment held 45.0% share of North America hydrogen compressor market in 2023, amassing US$ 185.19 million. It is projected to garner US$ 356.69 million by 2035 to expand at 5.8% CAGR from 2024 to 2035.

Based on end user, the North America 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 38.0% market share in 2023, amassing US$ 156.52 million. It is projected to garner US$ 272.93 million by 2035 to register 4.9% CAGR during 2024–2035.

Based on country, the North America hydrogen compressor market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 74.3% share of North America hydrogen compressor market in 2023. It was assessed at US$ 306.06 million in 2023 and is likely to hit US$ 538.35 million by 2035, registering a CAGR of 5.0% 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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