Asia Pacific Hydrogen Compressor Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Oil-Based and Oil-Free), Stage (Single-Stage and Multi-Stage), and End-User (Chemicals, Oil and Gas, Automotive and Transportation, Renewable Energy, and Other End-Users)
Market Introduction
The APAC hydrogen compressor market is further segmented into Australia, India, China, Japan, South Korea, and the Rest of APAC. Digital transformation is a new trend across the region's food & beverages, chemical, and oil and gas sectors due to the high digital transformation pace. This results in an increasing demand for innovative devices, such as hydrogen compressor. Further, APAC's oil and gas industry is expected to experience a surge in mergers & acquisitions and FDIs. The growth in the sector would compel the upstream and downstream activities. Increasing number of oil and gas industry raises the demand to integrate hydrogen compressor in both downstream and upstream oil and gas applications and operate under harsh environmental conditions. Further, APAC is highly active in propelling its energy & power industry by initiating several projects in the region. The region is witnessing growth in energy & power projects owing to huge investment by the government for the generation of energy from renewable sources. Further, India would turn out to be one of the leading business contributors to the hydrogen compressor market. Also, upsurge in investments in new energy & power projects worldwide is the major factor driving the growth of the APAC hydrogen compressor market.
China and India are known for the increased emphasis on industrialization, and they are among the prominent manufacturing hubs in APAC. The lockdown imposed by several country governments amid the COVID-19 pandemic has severely affected the growth of the energy & power, chemicals, and food & beverages industries. Nevertheless, these industries are soon likely to recover this damage by ramping up their production capabilities from the second half of 2021. Companies in Asia have restructured their capabilities by adopting strategies such as automation, partnership, and acquisition. Moreover, the demand for advanced electronics, such as hydrogen compressors, has risen significantly in these countries. China is responsible for more than 80% of the global supply chain of raw material. The country managed to control the spread of COVID-19 during the second quarter of 2020, and industries are up and running. Hubei, for example, is one of China's four main car production centers, with over 100 automotive suppliers. Hubei's automotive plants began to reopen gradually after March 11, 2020. Such developments are expected to present a positive outlook for the hydrogen compressor market players in APAC countries.
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Market Overview and Dynamics
The hydrogen compressor market in APAC, is expected to reach US$ 1,055.14 million by 2028 from US$ 700.08 million in 2021. The market is estimated to grow at a CAGR of 6.0% from 2021 to 2028. Rise in government investments for the development of hydrogen fuel infrastructure and incentives offered to the buyers are allowing the original equipment manufacturers (OEMs) to further expand their revenue stream as well as geographical presence. Increasing demand for low-emission and cost-efficient vehicles, owing to the government initiatives, and growing high-performance commercial vehicle across the world. Numerous government policies have been deployed to reduce emissions by vehicles. Due to soaring concerns of depletion of natural resources and environment degradation, several technologies are developed and announced in the market that favor the eco-friendly concept to sustain the environment.
Key Market Segments
The APAC hydrogen compressor market is segmented into type, stage, end-user and country. Based on type, the market is segmented into oil-based and oil-free. The oil-based segment dominated the market in the year 2020 and oil-free is expected to be the fastest growing during forecast period. In terms of stage, the hydrogen compressor market is segmented into single-stage and multi-stage. Multi-stage segment dominated the market in the year 2020 and single-stage is expected to be the fastest growing during the forecast period. In terms of end-user, the hydrogen compressor market is segmented into chemicals, oil and gas, automotive and transportation, renewable energy, and other end users. Oil and gas segment dominated the market in 2020 and automotive and transportation segment is expected to be the fastest growing during the forecast period.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Compressor market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Atlas Copco AB; Burckhardt Compression AG; Fluitron, Inc.; Gardner Denver Nash, LLC; HAUG Sauer Kompressoren AG; Howden Group; Hydro-Pac, Inc.; Lenhardt & Wagner GmbH; NEUMAN & ESSER GROUP; and PDC Machines Inc. among others.
Reasons to buy report
- To understand the APAC hydrogen compressor market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC hydrogen compressor market
- Efficiently plan M&A and partnership deals in APAC hydrogen compressor market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC hydrogen compressor market
- Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.
APAC Hydrogen Compressor Market Segmentation
APAC Hydrogen Compressor Market -By Type
- Oil-based
- Oil-free
APAC Hydrogen Compressor Market -By Stage
- Single-stage
- Multi-stage
APAC Hydrogen Compressor Market -By End-User
- Chemicals
- Oil and Gas
- Automotive and Transportation
- Renewable Energy
- Other End-users
APAC Hydrogen Compressor Market -By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Hydrogen Compressor Market -Company Profiles
- Atlas Copco AB
- Burckhardt Compression AG
- Fluitron, Inc.
- Gardner Denver Nash, LLC
- HAUG Sauer Kompressoren AG
- Howden Group
- Hydro-Pac, Inc.
- Lenhardt & Wagner GmbH
- NEUMAN & ESSER GROUP
- PDC Machines Inc.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Hydrogen Compressor Market – By Type
1.3.2 APAC Hydrogen Compressor Market – By Stage
1.3.3 APAC Hydrogen Compressor Market – By End-User
1.3.4 APAC Hydrogen Compressor Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Hydrogen Compressor Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. APAC Hydrogen Compressor Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Expanding Adoption of Hydrogen Fuel Cell Vehicles
5.1.2 Burgeoning Oil and gas Sector
5.2 Key Market Restraints
5.2.1 Expensive Recurring Cost in Maintenance
5.3 Key Market Opportunities
5.3.1 Upsurge Investments in New Energy & Power Projects Worldwide
5.4 Future Trends
5.4.1 Enhancement of Electrochemical Hydrogen Compressor (EHC)
5.5 Impact Analysis of Drivers and Restraints
6. Hydrogen Compressor Market – APAC Market Analysis
6.1 APAC Hydrogen Compressor Market Overview
6.2 APAC Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
7. APAC Hydrogen Compressor Market Analysis – By Type
7.1 Overview
7.2 APAC Hydrogen Compressor Market Breakdown, By Type (2020 and 2028)
7.3 Oil-Based
7.3.1 Overview
7.3.2 Oil-Based: APAC Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
7.4 Oil-Free
7.4.1 Overview
7.4.2 Oil-Free: APAC Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
8. APAC Hydrogen Compressor Market Analysis– By Stage
8.1 Overview
8.2 APAC Hydrogen Compressor Market Breakdown, By Stage (2020 and 2028)
8.3 Single-Stage
8.3.1 Overview
8.3.2 Single-Stage APAC Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
8.4 Multi-Stage
8.4.1 Overview
8.4.2 Multi-Stage: APAC Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
9. APAC Hydrogen Compressor Market Analysis – By End-user
9.1 Overview
9.2 APAC Hydrogen Compressor Market, By End-user (2020 and 2028)
9.3 Chemicals
9.3.1 Overview
9.3.2 Chemicals: APAC Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
9.4 Oil and Gas
9.4.1 Overview
9.4.2 Oil and Gas: APAC Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
9.5 Automotive and Transportation
9.5.1 Overview
9.5.2 Automotive and Transportation: APAC Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
9.6 Renewable Energy
9.6.1 Overview
9.6.2 Renewable Energy: APAC Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
9.7 Other End-users
9.7.1 Overview
9.7.2 Other End-users: APAC Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
10. APAC Hydrogen Compressor Market – Country Analysis
10.1 Overview
10.1.1 Asia Pacific: Hydrogen Compressor Market, by Key Country
10.1.1.1 Australia: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Hydrogen Compressor Market, by Type
10.1.1.1.2 Australia: Hydrogen Compressor Market, by Stage
10.1.1.1.3 Australia: Hydrogen Compressor Market, by End-Users
10.1.1.2 China: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Hydrogen Compressor Market, by Type
10.1.1.2.2 China: Hydrogen Compressor Market, by Stage
10.1.1.2.3 China: Hydrogen Compressor Market, by End-Users
10.1.1.3 India: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Hydrogen Compressor Market, by Type
10.1.1.3.2 India: Hydrogen Compressor Market, by Stage
10.1.1.3.3 India: Hydrogen Compressor Market, by End-Users
10.1.1.4 Japan: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Hydrogen Compressor Market, by Type
10.1.1.4.2 Japan: Hydrogen Compressor Market, by Stage
10.1.1.4.3 Japan: Hydrogen Compressor Market, by End-Users
10.1.1.5 South Korea: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Hydrogen Compressor Market, by Type
10.1.1.5.2 South Korea: Hydrogen Compressor Market, by Stage
10.1.1.5.3 South Korea: Hydrogen Compressor Market, by End-Users
10.1.1.6 Rest of Asia Pacific: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Asia Pacific: Hydrogen Compressor Market, by Type
10.1.1.6.2 Rest of Asia Pacific: Hydrogen Compressor Market, by Stage
10.1.1.6.3 Rest of Asia Pacific: Hydrogen Compressor Market, by End-Users
11. Hydrogen Compressor Market- COVID-19 Impact Analysis
11.1 Overview
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 Atlas Copco AB
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Burckhardt Compression AG
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Fluitron, Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Gardner Denver Nash, LLC
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Howden Group
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 HAUG Sauer Kompressoren AG
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 NEUMAN & ESSER GROUP
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Hydro-Pac, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Lenhardt & Wagner GmbH
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 PDC Machines Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. APAC Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Asia Pacific Hydrogen Compressor Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Hydrogen Compressor Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Hydrogen Compressor Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia: Hydrogen Compressor Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Hydrogen Compressor Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Hydrogen Compressor Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 8. China: Hydrogen Compressor Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 9. India: Hydrogen Compressor Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Hydrogen Compressor Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 11. India: Hydrogen Compressor Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan: Hydrogen Compressor Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan: Hydrogen Compressor Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 14. Japan: Hydrogen Compressor Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea: Hydrogen Compressor Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea: Hydrogen Compressor Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 17. South Korea: Hydrogen Compressor Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Asia Pacific: Hydrogen Compressor Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Asia Pacific: Hydrogen Compressor Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of Asia Pacific: Hydrogen Compressor Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 21. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Hydrogen Compressor Market Segmentation
Figure 2. APAC Hydrogen Compressor Market Segmentation – By Country
Figure 3. APAC Hydrogen Compressor Market Overview
Figure 4. Oil-Based Segment held the Largest Share of APAC Hydrogen Compressor Market
Figure 5. Multi-Stage Segment held the Largest Share of APAC Hydrogen Compressor Market
Figure 6. Oil and Gas segment held the Largest Share of APAC Hydrogen Compressor Market
Figure 7. China to Show Great Traction During Forecast Period in the APAC hydrogen compressor market
Figure 8. APAC PEST Analysis
Figure 9. APAC Hydrogen Compressor Market Ecosystem
Figure 10. Expert Opinions
Figure 11. APAC Hydrogen Compressor Market Impact Analysis of Drivers and Restraints
Figure 12. Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC Hydrogen Compressor Market Breakdown, By Type (2020 and 2028)
Figure 14. APAC Oil-Based: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Oil-Free: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Hydrogen Compressor Market Breakdown, By Stage (2020 and 2028)
Figure 17. APAC Single-Stage: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Multi-Stage: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC Hydrogen Compressor Market Breakdown, By End-user (2020 and 2028)
Figure 20. Chemicals : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC Oil and Gas : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC Automotive and Transportation : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 23. APAC Renewable Energy : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 24. APAC Other end-users : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 25. Asia Pacific: Hydrogen Compressor Market, by Key Country-Revenue 2020 (US$ Million)
Figure 26. Asia Pacific: Hydrogen Compressor Market Revenue Share, by Key Country (2020 & 2028)
Figure 27. Australia: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. China: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. India: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Japan: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. South Korea: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of Asia Pacific: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- Atlas Copco AB
- Burckhardt Compression AG
- Fluitron, Inc.
- Gardner Denver Nash, LLC
- HAUG Sauer Kompressoren AG
- Howden Group
- Hydro-Pac, Inc.
- Lenhardt & Wagner GmbH
- NEUMAN & ESSER GROUP
- PDC Machines Inc.
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- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving Hydrogen Compressor market, as well as those hindering it
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