Hydrogen Compressor Market Report : China Hydrogen Compressor Market Size Expected to Grow 15.7% Y-o-Y by 2023

According to Hydrogen Compressor Market report published by YH Research, this report provides Hydrogen Compressor Market scenario, definitions, classifications, applications and industry chain structure, also discusses development policies and plans as well as manufacturing processes and cost structures to analyse the Hydrogen Compressor Market development status and future market trends. The Hydrogen Compressor market is also analysed from the angles of production and consumption, to the main production regions, the main consumption regions, and the main manufacturers.

Hydrogen compressor is one of the three core key equipments required for the construction of hydrogen refuelling station. In the construction cost of hydrogen refuelling station, the compressor accounts for far more than other parts of the cost, more than 30%, with the rapid development of new energy automobile industry, the demand for the construction of hydrogen refuelling station is also accelerated growth, which leads to the growth of the related compressor industry.

The key to the compression process lies in the selection of hydrogen compressors, which are reciprocating, membrane, centrifugal, rotary, screw and other types. Different compressors have different parameters such as flow rate, suction and discharge pressure. A compressor can be regarded as a vacuum pump, which reduces the pressure on the low-pressure side of the system and raises the pressure on the high-pressure side of the system, thus allowing hydrogen to flow from the low-pressure side to the high-pressure side.

In the domestic market of compressors for hydrogen refuelling stations, there are mainly diaphragm compressors, liquid-driven compressors and centrifugal compressors, and the diaphragm compressor has a market share of more than 50%, which is the most competitive type of compressor at present.

At present, China in the construction cost of hydrogen refuelling station, the compressor accounted for the cost is much higher than the other parts, more than 30%, with the rapid development of new energy automobile industry, hydrogen refuelling station construction demand is also accelerated growth, which led to the growth of the related compressor industry, it is expected that China's hydrogen compressor market size in 2023 increased by 15.7% year-on-year.

According to YH Research research statistics, the global hydrogen compressor market size of about 2.89 billion yuan in 2023, with a compound annual growth rate CAGR of about % from 2019-2023, and is expected to continue to maintain a stable growth trend in the future, and the market size will be close to 4.52 billion yuan in 2030, with a CAGR of 6.5% in the next six years. Hydrogen compressor is a device that increases the pressure of hydrogen by reducing the volume of hydrogen to produce compressed hydrogen or liquid hydrogen.

Global Hydrogen Compressor (Hydrogen Compressor) core manufacturers are mainly located in North America, Europe, China and Japan and other regions. The head manufacturers include Burckhardt, Atlas Copco, ARIEL, Siemens Energy, Kobelco and Gardner Denver. The top five vendors hold about 57 per cent of the market share.