Middle East and Africa 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 Middle East & Africa region includes countries such as South Africa, Saudi Arabia, and the UAE. Due to the abundant presence of oil and gas refineries in Saudi Arabia and other Middle Eastern countries, the demand for hydrogen compressor is anticipated to propel in the region. Libya, the UAE, Saudi Arabia, Iran, and Qatar are a few countries that have witnessed a significant growth in the oil business. Moreover, several oil projects are likely to aid in the adoption of hydrogen compressor. Upper Zakum – Production CMEAity Enhancement in the UAE, Yanbu – Crude Oil-To-Chemicals complex in Saudi Arabia, and Zubair Oil Field – Rehabilitation Phase and Enhanced Re-Development Phase in Iraq are among the oil projects in the region. Besides, Iran, Saudi Arabia, the UAE, South Africa, and Algeria are among the major countries that have been adversely hit by the COVID-19 outbreak; thus, the oil production and supply of necessary equipment have been halted. Also, progress of electrochemical hydrogen compressor (EHC) is the major factor driving the growth of the MEA hydrogen compressor market.
The MEA includes South Africa, the UAE, and Saudi Arabia among other countries. South Africa has recorded the highest number of COVID-19 cases in the MEA, followed by Saudi Arabia and the UAE. The MEA has a smaller number of companies operating or offering market-specific solutions. According to the Institute of Chartered Accountants in England and Wales (ICAEW), the Middle Eastern economy is anticipated to witness a sharp slowdown in the first half of 2020, regardless of impetus packages as well as monetary rate cuts to relax the economic setback of the COVID outbreak. The COVID-19 pandemic is expected to have a greater impact on this region as countries with oil-based economies in this region are already under pressure due to falling oil prices. In addition, factory and business shutdowns, and travel bans are further aggravating the economic problems of the countries in the MEA. Hence, the estimated decline in MEA’s economic condition and impact of COVID-19 on growth of various industries in the region hindered the growth of hydrogen compressor market in 2020, which is likely to continue in 2021 as well. Further, the Middle Eastern economies are projected to pick up in the second half of 2021, after the normalization of both demand and supply sides.
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Market Overview and Dynamics
The hydrogen compressor market in MEA, is expected to reach US$ 193.92 million by 2028 from US$ 147.32 million in 2021. The market is estimated to grow at a CAGR of 4.0% from 2021 to 2028. The industry's growth is likely to compel the upstream and downstream activities in the countries. Innovation and advanced technologies have released unconventional drilling and completion operations to optimize oil and gas production and change economic power balance for the predictable future. The growing investment in the oil and gas sector is likely to boost the development of hydrogen compressors in the near future. Due to the favorable government support, numerous oil and gas projects are being initiated in the country.
Key Market Segments
The MEA 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 MEA 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; Lenhardt & Wagner GmbH; NEUMAN & ESSER GROUP; and PDC Machines Inc. among others.
Reasons to buy report
- To understand the MEA 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 MEA hydrogen compressor market
- Efficiently plan M&A and partnership deals in MEA 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 MEA hydrogen compressor market
- Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.
MEA HYDROGEN COMPRESSOR MARKET SEGMENTATION
MEA Hydrogen Compressor Market -By Type
- Oil-based
- Oil-free
MEA Hydrogen Compressor Market -By Stage
- Single-stage
- Multi-stage
MEA Hydrogen Compressor Market -By End-User
- Chemicals
- Oil and Gas
- Automotive and Transportation
- Renewable Energy
- Other End-users
MEA Hydrogen Compressor Market -By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
MEA Hydrogen Compressor Market -Company Profiles
- Atlas Copco AB
- Burckhardt Compression AG
- Fluitron, Inc.
- Gardner Denver Nash, LLC
- Howden Group
- 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 MEA Hydrogen Compressor Market – By Type
1.3.2 MEA Hydrogen Compressor Market – By Stage
1.3.3 MEA Hydrogen Compressor Market – By End-User
1.3.4 MEA Hydrogen Compressor Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Hydrogen Compressor Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. MEA Hydrogen Compressor Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Expansion in Adoption of Hydrogen Fuel Cell Vehicles
5.1.2 Fast Growing Oil and gas Sector
5.2 Key Market Restraints
5.2.1 High Repetitive Cost in Maintenance
5.3 Key Market Opportunities
5.3.1 Accession in Investments in New Energy & Power Projects Worldwide
5.4 Future Trends
5.4.1 Progress of Electrochemical Hydrogen Compressor (EHC)
5.5 Impact Analysis of Drivers and Restraints
6. Hydrogen Compressor Market – MEA Market Analysis
6.1 MEA Hydrogen Compressor Market Overview
6.2 MEA Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
7. MEA Hydrogen Compressor Market Analysis – By Type
7.1 Overview
7.2 MEA Hydrogen Compressor Market Breakdown, By Type (2020 and 2028)
7.3 Oil-Based
7.3.1 Overview
7.3.2 Oil-Based: MEA Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
7.4 Oil-Free
7.4.1 Overview
7.4.2 Oil-Free: MEA Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
8. MEA Hydrogen Compressor Market Analysis– By Stage
8.1 Overview
8.2 MEA Hydrogen Compressor Market Breakdown, By Stage (2020 and 2028)
8.3 Single-Stage
8.3.1 Overview
8.3.2 Single-Stage: MEA Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
8.4 Multi-Stage
8.4.1 Overview
8.4.2 Multi-Stage: MEA Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
9. MEA Hydrogen Compressor Market Analysis – By End-user
9.1 Overview
9.2 MEA Hydrogen Compressor Market, By End-user (2020 and 2028)
9.3 Chemicals
9.3.1 Overview
9.3.2 Chemicals: MEA 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: MEA 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: MEA Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
9.6 Renewable Energy
9.6.1 Overview
9.6.2 Renewable Energy: MEA 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: MEA Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
10. MEA Hydrogen Compressor Market – Country Analysis
10.1 Overview
10.1.1 MEA: Hydrogen Compressor Market, by Key Country
10.1.1.1 South Africa: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 South Africa: Hydrogen Compressor Market, by Type
10.1.1.1.2 South Africa: Hydrogen Compressor Market, by Stage
10.1.1.1.3 South Africa: Hydrogen Compressor Market, by End-Users
10.1.1.2 Saudi Arabia: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Saudi Arabia: Hydrogen Compressor Market, by Type
10.1.1.2.2 Saudi Arabia: Hydrogen Compressor Market, by Stage
10.1.1.2.3 Saudi Arabia: Hydrogen Compressor Market, by End-Users
10.1.1.3 UAE: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 UAE: Hydrogen Compressor Market, by Type
10.1.1.3.2 UAE: Hydrogen Compressor Market, by Stage
10.1.1.3.3 UAE: Hydrogen Compressor Market, by End-Users
10.1.1.4 Rest of MEA: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Rest of MEA: Hydrogen Compressor Market, by Type
10.1.1.4.2 Rest of MEA: Hydrogen Compressor Market, by Stage
10.1.1.4.3 Rest of MEA: 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 NEUMAN & ESSER GROUP
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 Lenhardt & Wagner GmbH
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 PDC Machines 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
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. MEA Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. MEA Hydrogen Compressor Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Hydrogen Compressor Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa: Hydrogen Compressor Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 5. South Africa: Hydrogen Compressor Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia: Hydrogen Compressor Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Saudi Arabia: Hydrogen Compressor Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 8. Saudi Arabia: Hydrogen Compressor Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 9. UAE: Hydrogen Compressor Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. UAE: Hydrogen Compressor Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 11. UAE: Hydrogen Compressor Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of MEA: Hydrogen Compressor Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of MEA: Hydrogen Compressor Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of MEA: Hydrogen Compressor Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Hydrogen Compressor Market Segmentation
Figure 2. MEA Hydrogen Compressor Market Segmentation – By Country
Figure 3. MEA Hydrogen Compressor Market Overview
Figure 4. Oil-Based Segment held the Largest Share of MEA hydrogen compressor market
Figure 5. Multi-Stage Segment held the Largest Share of MEA hydrogen compressor market
Figure 6. Oil and Gas segment held the Largest Share of MEA hydrogen compressor market
Figure 7. Saudi Arabia to Show Great Traction During Forecast Period in MEA hydrogen compressor market
Figure 8. MEA: PEST Analysis
Figure 9. MEA Hydrogen Compressor Market Ecosystem
Figure 10. Expert Opinions
Figure 11. MEA Hydrogen Compressor Market Impact Analysis of Drivers and Restraints
Figure 12. MEA Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. MEA Hydrogen Compressor Market Breakdown, By Type (2020 and 2028)
Figure 14. MEA Oil-Based: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 15. MEA Oil-Free: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Hydrogen Compressor Market Breakdown, By Stage (2020 and 2028)
Figure 17. MEA Single-Stage: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA Multi-Stage: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 19. MEA Hydrogen Compressor Market Breakdown, By End-user (2020 and 2028)
Figure 20. MEA Chemicals : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 21. MEA Oil and Gas : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 22. MEA Automotive and Transportation : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 23. Renewable Energy : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 24. MEA Other end-users : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 25. MEA: Hydrogen Compressor Market, by Key Country-Revenue 2020 (US$ Million)
Figure 26. MEA: Hydrogen Compressor Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. South Africa: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Saudi Arabia: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. UAE: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Rest of MEA: Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in MEA Markets
- Atlas Copco AB
- Burckhardt Compression AG
- Fluitron, Inc.
- Gardner Denver Nash, LLC
- Howden Group
- Lenhardt & Wagner GmbH
- NEUMAN & ESSER GROUP
- PDC Machines Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA Hydrogen Compressor Market.
- Highlights key business priorities in order to assist companies to realign their business strategies
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving Hydrogen Compressor market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution