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Europe 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)

Code: TIPRE00023048 | Pages: 120 | Industry: Automotive and Transportation | Date: Jun 2021
Covid

The European region is observing a few significant investments in its oil and gas industry. With the North Sea remaining the primary source for region’s oil and gas sector, currently there are several giant projects in development across the region, creating demand for hydrogen compressor. Some of the recent or ongoing projects include Johan Sverdrup Development (Norway), Rosebank & Lochnagar Oil and gas Fields (UK), Johan Castberg Field (Norway), and Aphrodite Gas Field (Cyprus). Pertaining to the growing energy & power industry, the region is highly focused on building several concentrated solar power (CSP) projects. For instance, in France, the CSP activity comprises the construction of a 9 MW of CSP, and in Denmark, a hybrid biomass-CSP facility includes 16.6 MW of CSP. Eleven projects with a shared 441 MW capacity are at several stages of planning and expansion in various European countries, such as Italy, Cyprus, and Greece. The hydrogen compressors are essential in CSP projects to efficiently store the generated energy. Thus, this compressor is considered the optimal choice for energy & power project. Apart from energy & power, utilities and chemical are other growing industries in Europe. The demand for hydrogen compressor in oil and gas sector is mounting at a fast pace. Also, thriving oil and gas sector is the major factor driving the growth of the Europe hydrogen compressor market.

In Europe, various key countries such as Germany, The UK, and France are the hardest-hit countries by the COVID-19 outbreak. Hence, the region is expected to suffer an economic hit due to a lack of revenue from various industries prevalent in such major countries. Additionally, with the outbreak of another/mutant variant of COVID-19 in European countries, has further deteriorated the conditions in different countries. The region is a significant industrial hub for sectors such as healthcare, chemicals, manufacturing, automotive, and energy & power. Amid the COVID-19 pandemic, many businesses in Europe have been facing financial challenges as they had to reduce their activities substantially, owing to lack of workforce, government restrictions in effect, and decrease in sales and demand. These factors had a direct impact on the European hydrogen compressor market growth in the year 2020. Russia, the UK, Italy, Spain, and France witnessed relatively high impact in 2020, some sectors in these countries are likely to continue to suffer till Mid-2021.

Market Overview and Dynamics

The hydrogen compressor market in Europe, is expected to reach US$ 653.09 million by 2028 from US$ 478.84 million in 2021. The market is estimated to grow at a CAGR of 4.5% from 2021 to 2028. The electromechanical hydrogen compressors are presently in the research and development stage contain the usage of 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 electrochemical hydrogen compressor (EHC) is necessary to tackle the critical requirements of higher efficiency, lower cost, and improved durability.

Key Market Segments

The Europe 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 Europe 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; Howden Group; HAUG Sauer Kompressoren AG; Lenhardt & Wagner GmbH; NEUMAN & ESSER GROUP; and PDC Machines Inc. among others.

Reasons to buy report

  • To understand the Europe 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 Europe hydrogen compressor market
  • Efficiently plan M&A and partnership deals in Europe 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 Europe hydrogen compressor market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

EUROPE HYDROGEN COMPRESSOR MARKET SEGMENTATION

Europe Hydrogen Compressor Market -By Type

  • Oil-based
  • Oil-free

Europe Hydrogen Compressor Market -By Stage

  • Single-stage
  • Multi-stage

Europe Hydrogen Compressor Market -By End-User

  • Chemicals
  • Oil and Gas
  • Automotive and Transportation
  • Renewable Energy
  • Other End-users

Europe Hydrogen Compressor Market -By Country

  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe

Europe Hydrogen Compressor Market -Company Profiles

  • Atlas Copco AB
  • Burckhardt Compression AG
  • Fluitron, Inc.
  • Gardner Denver Nash, LLC
  • Howden Group
  • HAUG Sauer Kompressoren AG
  • Lenhardt & Wagner GmbH
  • NEUMAN & ESSER GROUP
  • PDC Machines Inc.
 

1.             Introduction

1.1       Study Scope

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

1.3.1        Europe Hydrogen Compressor Market – By Type

1.3.2        Europe Hydrogen Compressor Market – By Stage

1.3.3        Europe Hydrogen Compressor Market – By End-User

1.3.4        Europe Hydrogen Compressor Market – By Country

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             Europe Hydrogen Compressor Market Landscape

4.1       Market Overview

4.2       Europe PEST Analysis

4.3       Ecosystem Analysis

4.4       Expert Opinions

5.             Europe Hydrogen Compressor Market – Key Industry Dynamics

5.1       Key Market Drivers

5.1.1        Increased Adoption of Hydrogen Fuel Cell Vehicles

5.1.2        Thriving Oil and gas Sector

5.2       Key Market Restraints

5.2.1        Exorbitant Recurring Cost in Maintenance

5.3       Key Market Opportunities

5.3.1        Soaring Investments in New Energy & Power Projects Worldwide

5.4       Future Trends

5.4.1        Progression of Electrochemical Hydrogen Compressor (EHC)

5.5       Impact Analysis of Drivers and Restraints

6.             Hydrogen Compressor Market – Europe Market Analysis

6.1       Europe Hydrogen Compressor Market Overview

6.2       Europe Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

7.             Europe Hydrogen Compressor Market Analysis – By Type

7.1       Overview

7.2       Europe Hydrogen Compressor Market Breakdown, By Type (2020 and 2028)

7.3       Oil-Based

7.3.1        Overview

7.3.2        Oil-Based:  Europe Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

7.4       Oil-Free

7.4.1        Overview

7.4.2        Oil-Free: Europe Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

8.             Europe Hydrogen Compressor Market Analysis– By Stage

8.1       Overview

8.2       Europe Hydrogen Compressor Market Breakdown, By Stage (2020 and 2028)

8.3       Single-Stage

8.3.1        Overview

8.3.2        Single-Stage: Europe Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

8.4       Multi-Stage

8.4.1        Overview

8.4.2        Multi-Stage: Europe Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

9.             Europe Hydrogen Compressor Market Analysis – By End-user

9.1       Overview

9.2       Europe Hydrogen Compressor Market, By End-user (2020 and 2028)

9.3       Chemicals

9.3.1        Overview

9.3.2        Chemicals: Europe  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: Europe 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: Europe Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

9.6       Renewable Energy

9.6.1        Overview

9.6.2        Renewable Energy: Europe 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: Europe Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

10.          Europe Hydrogen Compressor Market – Country Analysis

10.1    Overview

10.1.1     Europe: Hydrogen Compressor Market, by Key Country

10.1.1.1    Germany: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1    Germany: Hydrogen Compressor Market, by Type

10.1.1.1.2    Germany: Hydrogen Compressor Market, by Stage

10.1.1.1.3    Germany: Hydrogen Compressor Market, by End-Users

10.1.1.2    France: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1    France: Hydrogen Compressor Market, by Type

10.1.1.2.2    France: Hydrogen Compressor Market, by Stage

10.1.1.2.3    France: Hydrogen Compressor Market, by End-Users

10.1.1.3    Italy: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1    Italy: Hydrogen Compressor Market, by Type

10.1.1.3.2    Italy: Hydrogen Compressor Market, by Stage

10.1.1.3.3    Italy: Hydrogen Compressor Market, by End-Users

10.1.1.4    UK: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1    UK: Hydrogen Compressor Market, by Type

10.1.1.4.2    UK: Hydrogen Compressor Market, by Stage

10.1.1.4.3    UK: Hydrogen Compressor Market, by End-Users

10.1.1.5    Russia: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1    Russia: Hydrogen Compressor Market, by Type

10.1.1.5.2    Russia: Hydrogen Compressor Market, by Stage

10.1.1.5.3    Russia: Hydrogen Compressor Market, by End-Users

10.1.1.6    Rest of Europe: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1    Rest of Europe: Hydrogen Compressor Market, by Type

10.1.1.6.2    Rest of Europe: Hydrogen Compressor Market, by Stage

10.1.1.6.3    Rest of Europe: Hydrogen Compressor Market, by End-Users

11.          Europe 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    Lenhardt & Wagner GmbH

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    PDC Machines Inc.

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

14.          Appendix

14.1    About The Insight Partners

14.2    Word Index

LIST OF TABLES

Table 1.             Europe Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             Europe Hydrogen Compressor Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.             Germany: Hydrogen Compressor Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Germany: Hydrogen Compressor Market, by Stage – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Germany: Hydrogen Compressor Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 6.             France: Hydrogen Compressor Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 7.             France: Hydrogen Compressor Market, by Stage – Revenue and Forecast to 2028 (US$ Million)

Table 8.             France: Hydrogen Compressor Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Italy: Hydrogen Compressor Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Italy: Hydrogen Compressor Market, by Stage – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Italy: Hydrogen Compressor Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 12.          UK: Hydrogen Compressor Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 13.          UK: Hydrogen Compressor Market, by Stage – Revenue and Forecast to 2028 (US$ Million)

Table 14.          UK: Hydrogen Compressor Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 15.          Russia: Hydrogen Compressor Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 16.          Russia: Hydrogen Compressor Market, by Stage – Revenue and Forecast to 2028 (US$ Million)

Table 17.          Russia: Hydrogen Compressor Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 18.          Rest of Europe: Hydrogen Compressor Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 19.          Rest of Europe: Hydrogen Compressor Market, by Stage – Revenue and Forecast to 2028 (US$ Million)

Table 20.          Rest of Europe: Hydrogen Compressor Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 21.          List of Abbreviation

LIST OF FIGURES

Figure 1.           Europe Hydrogen Compressor Market Segmentation

Figure 2.           Europe Hydrogen Compressor Market Segmentation – By Country

Figure 3.           Europe Hydrogen Compressor Market Overview

Figure 4.           Oil-Based Segment held the Largest Share of Europe Hydrogen Compressor Market

Figure 5.           Multi-Stage Segment held the Largest Share of Europe Hydrogen Compressor Market

Figure 6.           Oil and Gas segment held the Largest Share of Europe Hydrogen Compressor Market

Figure 7.           Germany to Show Great Traction During Forecast Period in the Europe hydrogen compressor market

Figure 8.           Europe – PEST Analysis

Figure 9.           Europe Hydrogen Compressor Market Ecosystem

Figure 10.        Expert Opinions

Figure 11.        Europe Hydrogen Compressor Market Impact Analysis of Drivers and Restraints

Figure 12.        Europe Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Europe Hydrogen Compressor Market Breakdown, By Type (2020 and 2028)

Figure 14.        Europe Oil-Based: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Europe Oil-Free: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Europe Hydrogen Compressor Market Breakdown, By Stage (2020 and 2028)

Figure 17.        Europe Single-Stage: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Europe Multi-Stage: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Europe Hydrogen Compressor Market Breakdown, By End-user (2020 and 2028)

Figure 20.        Europe Chemicals : Hydrogen Compressor Market- Revenue and Forecast to 2028  (US$ Million)

Figure 21.        Europe Oil and Gas : Hydrogen Compressor Market- Revenue and Forecast to 2028  (US$ Million)

Figure 22.        Europe Automotive and Transportation : Hydrogen Compressor Market- Revenue and Forecast to 2028  (US$ Million)

Figure 23.        Europe Renewable Energy : Hydrogen Compressor Market- Revenue and Forecast to 2028  (US$ Million)

Figure 24.        Europe Other end-users : Hydrogen Compressor Market- Revenue and Forecast to 2028  (US$ Million)

Figure 25.        Europe: Hydrogen Compressor Market, by Key Country-Revenue 2020 (US$ Million)

Figure 26.        Europe: Hydrogen Compressor Market Revenue Share, by Key Country (2020 and 2028)

Figure 27.        Germany: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        France: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Italy: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        UK: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Russia: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32.        Rest of Europe: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33.        Impact of COVID-19 Pandemic in Europe Country Markets

 

  1. Atlas Copco AB
  2. Burckhardt Compression AG
  3. Fluitron, Inc.
  4. Gardner Denver Nash, LLC
  5.  HAUG Sauer Kompressoren AG
  6. Howden Group
  7. Lenhardt & Wagner GmbH
  8. NEUMAN & ESSER GROUP
  9. PDC Machines Inc.

 

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