Middle East & Africa Hydrogen Compressor Market Size & Outlook
The hydrogen compressor market in Middle East & Africa is expected to reach a projected revenue of US$ 118.0 million by 2030. A compound annual growth rate of 3.8% is expected of Middle East & Africa hydrogen compressor market from 2024 to 2030.
Revenue, 2023 (US$M)
$91.0
Forecast, 2030 (US$M)
$118.0
CAGR, 2024 - 2030
3.8%
Report Coverage
Middle East & Africa
Middle East & Africa hydrogen compressor market, 2018-2030 (US$M)
MEA hydrogen compressor market highlights
- The MEA hydrogen compressor market generated a revenue of USD 91.0 million in 2023.
- The market is expected to grow at a CAGR of 3.8% 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.
MEA data book summary
| Market revenue in 2023 | USD 91.0 million |
| Market revenue in 2030 | USD 118.0 million |
| Growth rate | 3.8% (CAGR from 2023 to 2030) |
| Largest segment | Oil based |
| Fastest growing segment | Oil Based |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oil Based |
| Key market players worldwide | Hitachi 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, MEA region accounted for 4.9% 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.
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Hydrogen Compressor Market Scope
Hydrogen compressor market segmentation & scope
End Use
Petrochemical & Chemicals
Oil & Gas
Others
Hydrogen Compressor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa hydrogen compressor market
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