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Global Hydrogen Compressor Market Size & Outlook

The hydrogen compressor industry worldwide is expected to reach a projected revenue of US$ 2,536.5 million by 2030. A compound annual growth rate of 4.6% is expected of the worldwide hydrogen compressor industry from 2024 to 2030.

Revenue, 2023 (US$M)
$1,851.4
Forecast, 2030 (US$M)
$2,536.5
CAGR, 2024 - 2030
4.6%
Report Coverage
Worldwide

Global hydrogen compressor market, 2018-2030 (US$M)

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Related Markets

North America Hydrogen Compressor Market Outlook

Europe Hydrogen Compressor Market Outlook

Asia Pacific Hydrogen Compressor Market Outlook

Latin America Hydrogen Compressor Market Outlook

MEA Hydrogen Compressor Market Outlook

Global hydrogen compressor market highlights

  • The global hydrogen compressor market generated a revenue of USD 1,851.4 million in 2023 and is expected to reach USD 2,536.5 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 4.6% by 2030.
  • In terms of segment, oil based accounted for a revenue of USD 1,851.4 million in 2023.
  • Oil Based is the most lucrative lubrication type segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.


Global data book summary

Market revenue in 2023USD 1,851.4 million
Market revenue in 2030USD 2,536.5 million
Growth rate4.6% (CAGR from 2023 to 2030)
Largest segmentOil based
Fastest growing segmentOil Based
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationOil Based


Other key industry trends

  • In terms of revenue, the North America accounted for 26.5% of the global hydrogen compressor market in 2023.

Key Regions: U.S. , UK , Japan , Brazil , UAE

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Hydrogen Compressor Market Scope

Hydrogen compressor market segmentation & scope
Lubrication Type
Oil Based
Oil Free
End Use
Petrochemical & Chemicals
Oil & Gas
Others
Regions
Latin America
Europe
North America
Middle East & Africa
Asia Pacific
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Denmark
Sweden
Norway
Japan
China
India
South Korea
Australia
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait

Hydrogen Compressor Market Companies

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Global hydrogen compressor market size, by regions, 2018-2030 (US$M)

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