Compressor Growth Opportunities in the Hydrogen Market

Industrial AutomationCompressor Growth Opportunities in the Hydrogen Market

Compressor Vendors Exploring Hydrogen Production Technologies as Emissions Regulations Dominate the Climate Agenda

RELEASE DATE
20-Nov-2024
REGION
Global
Deliverable Type
Market Research
Research Code: PDBA-01-00-00-00
SKU: IA_2024_1149
AvailableYesPDF Download
$2,450.00
In stock
SKU
IA_2024_1149

Compressor Growth Opportunities in the Hydrogen Market
Published on: 20-Nov-2024 | SKU: IA_2024_1149

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The analysis of the global compressors market in the emerging hydrogen sector discusses key trends and insights into the opportunities available for compressor vendors. Significant developments in hydrogen production from fossil fuels with carbon capture, utilization, and storage (CCUS) have been made despite marginal growth in production from announced projects.

The market opportunity for compressors in hydrogen production and distribution is substantial. In North America and Europe, many large-scale projects involved in low-emissions hydrogen in refining, chemicals, and steel manufacturing reached final investment decisions (FID) in 2023, indicating positive growth prospects. China is a leader in this space, backed by its strength in mass manufacturing clean energy technologies. Other regions also show increased government investment in hydrogen technologies.

Low-emissions hydrogen remains an emerging sector and, consequently, faces uncertainties in costs and the need to scale in the future. It is expected that as hydrogen hubs are established in the upcoming years, steel and shipping applications will offer opportunities. As part of the infrastructure, the compressors used will also need modification. Hydrogen's versatile nature as a fuel, a chemical feedstock, or converted into methane and methanol makes it an important consideration for energy companies.

Key Issues Addressed

  • What are the types of compressors and their applications?
  • What are the factors enabling growth? 
  • How is the hydrogen market performing?
  • What areas should compressor vendors look at to benefit from the hydrogen market?

Author: Krishnan Ramanathan

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Compressors Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Growth Metrics

Growth Drivers and Restraints

Market Landscape

Market Landscape (continued)

Air Compressor Applications in Hydrogen

Ecosystem Depicting Compressor Usage at Various Stages

Key Compressor Types

Compressor Vendors’ Approach to Market Entry in Hydrogen

Key Developments in Compressor Technologies for Hydrogen

Role of Compressors in the Efficiency of Hydrogen Production

Role of Compressors in the Efficiency of Hydrogen Production (continued)

Growth Opportunity 1: Demand for Grey and Blue Hydrogen

Growth Opportunity 1: Demand for Grey and Blue Hydrogen (continued)

Growth Opportunity 2: Rising Demand for Energy Transportation and Storage

Growth Opportunity 2: Rising Demand for Energy Transportation and Storage (continued)

Growth Opportunity 3: Opportunities for Solution Providers

Growth Opportunity 3: Opportunities for Solution Providers (continued)

Benefits and Impacts of Growth Opportunities

Action Items & Next Steps

List of Exhibits

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The analysis of the global compressors market in the emerging hydrogen sector discusses key trends and insights into the opportunities available for compressor vendors. Significant developments in hydrogen production from fossil fuels with carbon capture, utilization, and storage (CCUS) have been made despite marginal growth in production from announced projects. The market opportunity for compressors in hydrogen production and distribution is substantial. In North America and Europe, many large-scale projects involved in low-emissions hydrogen in refining, chemicals, and steel manufacturing reached final investment decisions (FID) in 2023, indicating positive growth prospects. China is a leader in this space, backed by its strength in mass manufacturing clean energy technologies. Other regions also show increased government investment in hydrogen technologies. Low-emissions hydrogen remains an emerging sector and, consequently, faces uncertainties in costs and the need to scale in the future. It is expected that as hydrogen hubs are established in the upcoming years, steel and shipping applications will offer opportunities. As part of the infrastructure, the compressors used will also need modification. Hydrogen's versatile nature as a fuel, a chemical feedstock, or converted into methane and methanol makes it an important consideration for energy companies.--BEGIN PROMO--

Key Issues Addressed

  • What are the types of compressors and their applications?
  • What are the factors enabling growth? 
  • How is the hydrogen market performing?
  • What areas should compressor vendors look at to benefit from the hydrogen market?

Author: Krishnan Ramanathan

More Information
Deliverable Type Market Research
Author Krishnan Ramanathan
Industries Industrial Automation
No Index No
Is Prebook No
Podcast No
WIP Number PDBA-01-00-00-00