Get an Ultimate Guide on Hydrogen Compressors Market .


The hydrogen compressor market was valued at US$ 1,894.15 million in 2020 and is projected to reach US$ 2,813.27 million by 2028; it is expected to grow at a CAGR of 5.2% from 2021 to 2028.


Hydrogen is one of the most efficient fuels with the highest energy content per weight. However, the hydrogen density in ambient conditions is ~90 g per cubic meter. Therefore, to attain functional levels of energy density, the efficient compression of hydrogen is necessary. The hydrogen compressors are effectively used to compress small to medium quantities of hydrogen to high and as per the requirement, they can also be used for extremely high pressures of more than 5,000 bar (75,000 PSI). Moreover, less than 250 bar (3,600 PSI) pressure is required to compress high quantities of oil-free hydrogen. In case, above 10 Megawatts of drive power is used to achieve any hydrogen compression requirement.

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By end-user, the hydrogen compressor market is segmented into chemical, oil and gas, automotive and transportation, renewable energy, and other end-users. Innovation and advanced technologies have released unconventional drilling and completion operations to optimize oil & gas production and change economic power balance for the predictable future. The growing investment in the oil & gas sector is likely to boost the development of hydrogen compressors in the near future. As per the Indian Brand Equity Foundation, the government of India is expected to invest US$ 2.86 billion in upstream oil & gas production to increase its natural gas production by 2022. Due to the favorable government support, numerous oil & gas projects are being initiated in the country.







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