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North America 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: TIPRE00023020 | Pages: 108 | Industry: Automotive and Transportation | Date: Jun 2021
Covid

Market Introduction

The North America region comprises the US, Canada, and Mexico, which have a significant establishment of oil and gas sector. As of January 2019, there were ~130 operable petroleum refineries in the US and 14 full refineries and two asphalt refineries in Canada, as of 2018. Moreover, Pemex, the national oil company of Mexico, operated six petroleum refineries, as of June 2019. Also, in May 2019, Pemex announced its plans to construct a major oil refinery. Furthermore, with the constant boost in the export business of LNG capacity as well as extended ability to influence new markets, the company assisted the natural gas production in the US. Therefore, the mounting oil and gas industry demands efficient storage of energy whenever required. North America, specifically the US, has always been the largest market for the oil and gas sector and is also expecting to witness growth in drilling activities in the coming years. The government's growing investment for the oil and gas projects in the region is likely to increase the demand for hydrogen compressor, which are integrated with the system for energy storage. Various ongoing oil and gas projects in North America are anticipated to positively impact the market's growth. Also, rising adoption of hydrogen fuel cell vehicles is the major factor driving the growth of the North America hydrogen compressor market.

North American countries suffered a huge loss in the first half of 2020 owing to the rapid rise in number of COVID-19 cases, specifically in the US. Thus, the hydrogen compressor decreased slightly in 2020. This can be mainly attributed to lockdown imposed by various state governments and low demand from chemical, oil and gas, and renewable energy industries. The similar growth pattern is likely to continue in 2021 as well. The COVID-19 has already impacted the sales of electronics equipment and hydrogen compressor in the year 2020 manner, as companies had to be functional with limited workforce and they are now trying to cope up with the losses they faced in the year 2020. Furthermore, municipalities are functioning slowly as compared to the past and the renewable energy projects are at halt, which are further limiting the hydrogen compressor market growth in North America.

Market Overview and Dynamics

The hydrogen compressor market in North America, is expected to reach US$ 757.21 million by 2028 from US$ 527.84 million in 2021. The market is estimated to grow at a CAGR of 5.3% from 2021 to 2028. Due to the mounting urbanization and industrial growth, the energy consumption has risen manifolds. Thus, to meet the soaring demand for power, the development of sub-transmission and intrastate transmission networks is expanding. The escalating demand for energy & power, owing to rising household incomes and increasing manufacturing and heavy industries, is boosting the deployment of hydrogen compressors. Renewable energy plays a significant role for offering access to electricity.

Key Market Segments

The North America 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 North America 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; Hydro-Pac, Inc.; Lenhardt & Wagner GmbH; NEUMAN & ESSER GROUP; and PDC Machines Inc. among others.

 

Reasons to buy report

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

 

North America Hydrogen Compressor Market Segmentation

North America Hydrogen Compressor Market -By Type

  • Oil-based
  • Oil-free

North America Hydrogen Compressor Market -By Stage

  • Single-stage
  • Multi-stage

North America Hydrogen Compressor Market -By End-User

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

 

North America Hydrogen Compressor Market -By Country

  • US
  • Canada
  • Mexico

North America Hydrogen Compressor Market -Company Profiles

  • Atlas Copco AB
  • Burckhardt Compression AG
  • Fluitron, Inc.
  • Gardner Denver Nash, LLC
  • 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        North America Hydrogen Compressor Market – By Type

1.3.2        North America Hydrogen Compressor Market – By Stage

1.3.3        North America Hydrogen Compressor Market – By End-User

1.3.4        North America Hydrogen Compressor Market – By Country

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             North America Hydrogen Compressor Market Landscape

4.1       Market Overview

4.2       North America PEST Analysis

4.3       Ecosystem Analysis

4.4       Expert Opinions

5.             North America Hydrogen Compressor Market – Key Industry Dynamics

5.1       Key Market Drivers

5.1.1        Rising Adoption of Hydrogen Fuel Cell Vehicles

5.1.2        Flourishing Oil and gas Sector

5.2       Key Market Restraints

5.2.1        Elevated Recurring Cost in Maintenance

5.3       Key Market Opportunities

5.3.1        Growing Investments in New Energy & Power Projects Worldwide

5.4       Future Trends

5.4.1        Advancements of Electrochemical Hydrogen Compressor (EHC)

5.5       Impact Analysis of Drivers and Restraints

6.             Hydrogen Compressor Market – North America Market Analysis

6.1       North America Hydrogen Compressor Market Overview

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

7.             Hydrogen Compressor Market Analysis – By Type

7.1       Overview

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

7.3       Oil-Based

7.3.1        Overview

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

7.4       Oil-Free

7.4.1        Overview

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

8.             North America Hydrogen Compressor Market Analysis– By Stage

8.1       Overview

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

8.3       Single-Stage

8.3.1        Overview

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

8.4       Multi-Stage

8.4.1        Overview

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

9.             North America Hydrogen Compressor Market Analysis – By End-user

9.1       Overview

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

9.3       Chemicals

9.3.1        Overview

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

9.6       Renewable Energy

9.6.1        Overview

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

10.          North America Hydrogen Compressor Market – Country Analysis

10.1    Overview

10.1.1     North America: Hydrogen Compressor Market, by Key Country

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

10.1.1.1.1    US: Hydrogen Compressor Market, by Type

10.1.1.1.2    US: Hydrogen Compressor Market, by Stage

10.1.1.1.3    US: Hydrogen Compressor Market, by End-Users

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

10.1.1.2.1    Canada: Hydrogen Compressor Market, by Type

10.1.1.2.2    Canada: Hydrogen Compressor Market, by Stage

10.1.1.2.3    Canada: Hydrogen Compressor Market, by End-Users

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

10.1.1.3.1    Mexico: Hydrogen Compressor Market, by Type

10.1.1.3.2    Mexico: Hydrogen Compressor Market, by Stage

10.1.1.3.3    Mexico: Hydrogen Compressor Market, by End-Users

11.          North America 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    Hydro-Pac, Inc.

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.             North America Hydrogen Compressor Market – Revenue and Forecast to 2028 (US$ Million)

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

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

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

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

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

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

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

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

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

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

Table 12.          List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Hydrogen Compressor Market Segmentation

Figure 2.           North America Hydrogen Compressor Market Segmentation – By Country

Figure 3.           North America Hydrogen Compressor Market Overview

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

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

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

Figure 7.           US to Show Great Traction During Forecast Period in North America Hydrogen Compressor Market

Figure 8.           North America – PEST Analysis

Figure 9.           Hydrogen Compressor Market Ecosystem

Figure 10.        Expert Opinions

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 26.        North America: Hydrogen Compressor Market Revenue Share, by Key Country (2020 & 2028)

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

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

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

Figure 30.        Impact of COVID-19 Pandemic in North American Country Markets


  1. Atlas Copco AB
  2. Burckhardt Compression AG
  3. Fluitron, Inc.
  4. Gardner Denver Nash, LLC
  5. Howden Group
  6. Hydro-Pac, Inc.
  7. Lenhardt & Wagner GmbH
  8. NEUMAN & ESSER GROUP
  9. PDC Machines Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Hydrogen Compressor Market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America Hydrogen Compressor market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America 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

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