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Europe Hydrogen Compressor Market Size & Outlook

The hydrogen compressor market in Europe is expected to reach a projected revenue of US$ 589.9 million by 2030. A compound annual growth rate of 4% is expected of Europe hydrogen compressor market from 2024 to 2030.

Revenue, 2023 (US$M)
$449.1
Forecast, 2030 (US$M)
$589.9
CAGR, 2024 - 2030
4%
Report Coverage
Europe

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

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Europe hydrogen compressor market highlights

  • The Europe hydrogen compressor market generated a revenue of USD 449.1 million in 2023.
  • The market is expected to grow at a CAGR of 4% from 2024 to 2030.
  • In terms of segment, oil based was the largest revenue generating lubrication type in 2023.
  • Oil Based is the most lucrative lubrication type segment registering the fastest growth during the forecast period.


Europe data book summary

Market revenue in 2023USD 449.1 million
Market revenue in 2030USD 589.9 million
Growth rate4% (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
Key market players worldwideHitachi Ltd, Burckhardt Compression, IDEX Corp, HAUG Sauer Compressors, Chart Industries Inc, Fluitron, Ariel Corporation, Atlas Copco AB Class A, Kernel Holding SA, NEL ASA, Ingersoll Rand Inc


Other key industry trends

  • In terms of revenue, Europe region accounted for 24.3% of the global hydrogen compressor market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 1,075.6 million by 2030.

Key Regions: UK , U.S. , 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

Name Profile # Employees HQ Website

Europe hydrogen compressor market

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