Reciprocating Hydrogen Compressor Market Size Analysis and Top Companies
The global reciprocating hydrogen compressor market size is estimated to hit around USD 1.83 billion by 2033, increasing from USD 1.07 billion in 2023 with a CAGR of 5.5% from 2023 to 2033. The top companies operating in the reciprocating hydrogen compressor are Chart Industries, Inc. (Howden Group), CET Engineering srl, SIAD Macchine Impianti S.p.A., IHI Corporation, Burckhardt Compression Holding AG, PDC Machines, Inc., Atlas Copco AB, NEUMAN & ESSER GROUP, HAUG Sauer Kompressoren AG, IDEX Corporation, and Others.
Market Report Coverage
| Report Coverage |
Details |
| Growth Rate from 2024 to 2034 |
CAGR of 5.5% |
| Market Size in 2023 |
USD 1.07 Billion |
| Market Size in 2024 |
USD 1.13 Billion |
| Market Size by 2033 |
USD 1.83 Billion |
| Largest Market |
North America |
| Base Year |
2023 |
| Forecast Period |
2024 to 2033 |
| Segments Covered |
By Lubrication Type, By End User Industry, By Compressor Type, and By Pressure |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Reciprocating Hydrogen Compressor Key Players
- Chart Industries, Inc. (Howden Group)
- CET Engineering srl
- SIAD Macchine Impianti S.p.A.
- IHI Corporation
- Burckhardt Compression Holding AG
- PDC Machines, Inc.
- Atlas Copco AB
- NEUMAN & ESSER GROUP
- HAUG Sauer Kompressoren AG
- IDEX Corporation
- Hitachi, Ltd.
- Kobe Steel, Ltd.
- Ariel Corporation
- Ingersoll Rand Inc.
- Siemens Energy AG
- Nel ASA
- Mikuni Group
- Minnuo Group
- Kwangshin Machinery Co., Ltd.
- Indian Compressors Ltd.
Recent Developments
- June 2023: Ariel Corporation partnered with Hoerbiger to provide non-lube compressor solutions proficient of achieving the hydrogen compression requirements of the future hydrogen mobility market such as boats/ships, private trucking companies, trains, public transportation, large fleet vehicles, and other high volume, high pressure, vehicle-fueling applications.
- March 2023: Southwest Research Institute (SwRI) developed a new hydrogen compressor that can increase the reliability and efficiency of hydrogen compression used in the refueling of fuel cell electric vehicles (FCEVs).
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