Title: Electrochemical Hydrogen Compressor Market Is Anticipated To Project A Robust Growth With A CAGR Of 13.96%
12017 2027
GLOBAL ELECTROCHEMICAL HYDROGEN COMPRESSOR MARKET
FORECAST AND OPPORTUNITIES
www.techsciresearch.com
MARKET INTELLIGENCE . CONSULTING
2Table of Contents
S. No. Contents Contents Contents Page No.
1. Product Overview Product Overview Product Overview
2. Research Methodology Research Methodology Research Methodology
3. Impact of COVID-19 on Global Electrochemical Hydrogen Compressor Market Impact of COVID-19 on Global Electrochemical Hydrogen Compressor Market Impact of COVID-19 on Global Electrochemical Hydrogen Compressor Market
4. Executive Summary Executive Summary Executive Summary
5. Voice of Customer Voice of Customer Voice of Customer
6. Global Electrochemical Hydrogen Compressor Market Outlook, 2017-2027F Global Electrochemical Hydrogen Compressor Market Outlook, 2017-2027F Global Electrochemical Hydrogen Compressor Market Outlook, 2017-2027F
6.1. Market Size Forecast Market Size Forecast
6.1.1. By Value
6.2. Market Share Forecast Market Share Forecast
6.2.1. By Type (lt100 Bar, 100 to 500 Bar, 500 to 1000 Bar, gt1000 Bar)
6.2.2. By Application (Chemical, Oil Gas, HVAC, Others)
6.2.3. By Technology (Single-stage, Multi-stage)
6.2.4. By Specification (Oil-based, Oil-free)
6.2.5. By Region (North America, Europe, Asia-Pacific, Rest of the World)
6.2.6. By Company (2021)
6.3. Product Map Product Map
6.3.1. By Type
6.3.2. By Application
6.3.3. By Technology
6.3.4. By Specification
6.3.5. By Region
2
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7. North America Electrochemical Hydrogen Compressor Market Outlook North America Electrochemical Hydrogen Compressor Market Outlook North America Electrochemical Hydrogen Compressor Market Outlook North America Electrochemical Hydrogen Compressor Market Outlook North America Electrochemical Hydrogen Compressor Market Outlook
7.1. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
7.1.1. By Value By Value By Value
7.2. Market Share Forecast Market Share Forecast Market Share Forecast Market Share Forecast
7.2.1. By Type By Type By Type
7.2.2. By Application By Application By Application
7.2.3. By Technology By Technology By Technology
7.2.4. By Specification By Specification By Specification
7.2.5. By Country By Country By Country
7.3. North America Country Analysis North America Country Analysis North America Country Analysis North America Country Analysis
7.3.1. United States Electrochemical Hydrogen Compressor Market Outlook United States Electrochemical Hydrogen Compressor Market Outlook United States Electrochemical Hydrogen Compressor Market Outlook
7.3.1.1. Market Size Forecast Market Size Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share Forecast Market Share Forecast
7.3.1.2.1. By Type
7.3.1.2.2. By Application
7.3.1.2.3. By Technology
7.3.1.2.4. By Specification
7.3.2. Canada Electrochemical Hydrogen Compressor Market Outlook Canada Electrochemical Hydrogen Compressor Market Outlook Canada Electrochemical Hydrogen Compressor Market Outlook
7.3.2.1. Market Size Forecast Market Size Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share Forecast Market Share Forecast
7.3.2.2.1. By Type
7.3.2.2.2. By Application
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7.3.2.2.3. By Technology
7.3.2.2.4. By Specification
7.3.3. Mexico Electrochemical Hydrogen Compressor Market Outlook Mexico Electrochemical Hydrogen Compressor Market Outlook Mexico Electrochemical Hydrogen Compressor Market Outlook
7.3.3.1. Market Size Forecast Market Size Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share Forecast Market Share Forecast
7.3.3.2.1. By Type
7.3.3.2.2. By Application
7.3.3.2.3. By Technology
7.3.3.2.4. By Specification
8. Europe Electrochemical Hydrogen Compressor Market Outlook Europe Electrochemical Hydrogen Compressor Market Outlook Europe Electrochemical Hydrogen Compressor Market Outlook Europe Electrochemical Hydrogen Compressor Market Outlook Europe Electrochemical Hydrogen Compressor Market Outlook
8.1. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
8.1.1. By Value By Value By Value
8.2. Market Share Forecast Market Share Forecast Market Share Forecast Market Share Forecast
8.2.1. By Type By Type By Type
8.2.2. By Application By Application By Application
8.2.3. By Technology By Technology By Technology
8.2.4. By Specification By Specification By Specification
8.2.5. By Country By Country By Country
8.3. Europe Country Analysis Europe Country Analysis Europe Country Analysis Europe Country Analysis
8.3.1. Netherlands Electrochemical Hydrogen Compressor Market Outlook Netherlands Electrochemical Hydrogen Compressor Market Outlook Netherlands Electrochemical Hydrogen Compressor Market Outlook
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8.3.1.1. Market Size Forecast Market Size Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share Forecast Market Share Forecast
8.3.1.2.1. By Type
8.3.1.2.2. By Application
8.3.1.2.3. By Technology
8.3.1.2.4. By Specification
8.3.2. Germany Electrochemical Hydrogen Compressor Market Outlook Germany Electrochemical Hydrogen Compressor Market Outlook Germany Electrochemical Hydrogen Compressor Market Outlook
8.3.2.1. Market Size Forecast Market Size Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share Forecast Market Share Forecast
8.3.2.2.1. By Type
8.3.2.2.2. By Application
8.3.2.2.3. By Technology
8.3.2.2.4. By Specification
8.3.3. France Electrochemical Hydrogen Compressor Market Outlook France Electrochemical Hydrogen Compressor Market Outlook France Electrochemical Hydrogen Compressor Market Outlook
8.3.3.1. Market Size Forecast Market Size Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share Forecast Market Share Forecast
8.3.3.2.1. By Type
8.3.3.2.2. By Application
8.3.3.2.3. By Technology
8.3.3.2.4. By Specification
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8.3.4. United Kingdom Electrochemical Hydrogen Compressor Market Outlook United Kingdom Electrochemical Hydrogen Compressor Market Outlook United Kingdom Electrochemical Hydrogen Compressor Market Outlook
8.3.4.1. Market Size Forecast Market Size Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share Forecast Market Share Forecast
8.3.4.2.1. By Type
8.3.4.2.2. By Application
8.3.4.2.3. By Technology
8.3.4.2.4. By Specification
8.3.5. Spain Electrochemical Hydrogen Compressor Market Outlook Spain Electrochemical Hydrogen Compressor Market Outlook Spain Electrochemical Hydrogen Compressor Market Outlook
8.3.5.1. Market Size Forecast Market Size Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share Forecast Market Share Forecast
8.3.5.2.1. By Type
8.3.5.2.2. By Application
8.3.5.2.3. By Technology
8.3.5.2.4. By Specification
9. Asia-Pacific Electrochemical Hydrogen Compressor Market Outlook Asia-Pacific Electrochemical Hydrogen Compressor Market Outlook Asia-Pacific Electrochemical Hydrogen Compressor Market Outlook Asia-Pacific Electrochemical Hydrogen Compressor Market Outlook Asia-Pacific Electrochemical Hydrogen Compressor Market Outlook
9.1. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
9.1.1. By Value By Value By Value
9.2. Market Share Forecast Market Share Forecast Market Share Forecast Market Share Forecast
9.2.1. By Type By Type By Type
6
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9.2.2. By Application By Application By Application
9.2.3. By Technology By Technology By Technology
9.2.4. By Specification By Specification By Specification
9.2.5. By Country By Country By Country
9.3. Asia-Pacific Country Analysis Asia-Pacific Country Analysis Asia-Pacific Country Analysis Asia-Pacific Country Analysis
9.3.1. China Electrochemical Hydrogen Compressor Market Outlook China Electrochemical Hydrogen Compressor Market Outlook China Electrochemical Hydrogen Compressor Market Outlook
9.3.1.1. Market Size Forecast Market Size Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share Forecast Market Share Forecast
9.3.1.2.1. By Type
9.3.1.2.2. By Application
9.3.1.2.3. By Technology
9.3.1.2.4. By Specification
9.3.2. Australia Electrochemical Hydrogen Compressor Market Outlook Australia Electrochemical Hydrogen Compressor Market Outlook Australia Electrochemical Hydrogen Compressor Market Outlook
9.3.2.1. Market Size Forecast Market Size Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share Forecast Market Share Forecast
9.3.2.2.1. By Type
9.3.2.2.2. By Application
9.3.2.2.3. By Technology
9.3.2.2.4. By Specification
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9.3.3. Japan Electrochemical Hydrogen Compressor Market Outlook Japan Electrochemical Hydrogen Compressor Market Outlook Japan Electrochemical Hydrogen Compressor Market Outlook
9.3.3.1. Market Size Forecast Market Size Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share Forecast Market Share Forecast
9.3.3.2.1. By Type
9.3.3.2.2. By Application
9.3.3.2.3. By Technology
9.3.3.2.4. By Specification
9.3.4. South Korea Electrochemical Hydrogen Compressor Market Outlook South Korea Electrochemical Hydrogen Compressor Market Outlook South Korea Electrochemical Hydrogen Compressor Market Outlook
9.3.4.1. Market Size Forecast Market Size Forecast
9.3.4.1.1. By Value
9.3.4.2. Market Share Forecast Market Share Forecast
9.3.4.2.1. By Type
9.3.4.2.2. By Application
9.3.4.2.3. By Technology
9.3.4.2.4. By Specification
9.3.5. India Electrochemical Hydrogen Compressor Market Outlook India Electrochemical Hydrogen Compressor Market Outlook India Electrochemical Hydrogen Compressor Market Outlook
9.3.5.1. Market Size Forecast Market Size Forecast
9.3.5.1.1. By Value
9.3.5.2. Market Share Forecast Market Share Forecast
9.3.5.2.1. By Type
8
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9.3.1.2.2. By Application
9.3.1.2.3. By Technology
9.3.1.2.4. By Specification
10. Market Dynamics Market Dynamics Market Dynamics Market Dynamics Market Dynamics
10.1. Drivers Drivers Drivers Drivers
10.2. Challenges Challenges Challenges Challenges
11. Market Trends Developments Market Trends Developments Market Trends Developments Market Trends Developments Market Trends Developments
12. Company Profiles Company Profiles Company Profiles Company Profiles Company Profiles
12.1. High yield Energy Technologies (HyET) Hydrogen B. V. High yield Energy Technologies (HyET) Hydrogen B. V. High yield Energy Technologies (HyET) Hydrogen B. V. High yield Energy Technologies (HyET) Hydrogen B. V.
12.2. FFI Fortescue Future Industries (Xergy Inc.) FFI Fortescue Future Industries (Xergy Inc.) FFI Fortescue Future Industries (Xergy Inc.) FFI Fortescue Future Industries (Xergy Inc.)
12.3. Nuvera Fuel Cells, LLC Nuvera Fuel Cells, LLC Nuvera Fuel Cells, LLC Nuvera Fuel Cells, LLC
12.4. Fuelcell Energy, Inc. Fuelcell Energy, Inc. Fuelcell Energy, Inc. Fuelcell Energy, Inc.
12.5. Skyre Inc. Skyre Inc. Skyre Inc. Skyre Inc.
12.6. Giner Inc. Giner Inc. Giner Inc. Giner Inc.
12.7. Proton Technologies Canada Inc. Proton Technologies Canada Inc. Proton Technologies Canada Inc. Proton Technologies Canada Inc.
12.8 Henan Yuanju Machinery Equipment Co. Ltd. Henan Yuanju Machinery Equipment Co. Ltd. Henan Yuanju Machinery Equipment Co. Ltd. Henan Yuanju Machinery Equipment Co. Ltd.
12.9 Keepwin Technology Hebei Co. Ltd. Keepwin Technology Hebei Co. Ltd. Keepwin Technology Hebei Co. Ltd. Keepwin Technology Hebei Co. Ltd.
12.10. MTSA Technopower MTSA Technopower MTSA Technopower MTSA Technopower
13. Strategic Recommendations Strategic Recommendations Strategic Recommendations Strategic Recommendations Strategic Recommendations
14. About Us Disclaimer About Us Disclaimer About Us Disclaimer About Us Disclaimer About Us Disclaimer
9
10Product Overview
11- Product Overview
- Scope of Report Electrochemical Hydrogen
Compressor
An Electrochemical Hydrogen Compressor (EHC) is a
hydrogen compressor where the electrolysis
process is used to compress the hydrogen gas by
supplying it to the anode, and the compressed
hydrogen can be collected from the cathode.
Electrochemical hydrogen compressors use the
electrochemical principle to compress
low-pressure hydrogen into high-pressure hydrogen
in which the application of voltage can lead to
the generation of localized pressure difference
due to hydrogen oxidation at anodes and hydrogen
reduction at cathodes.
Market Segmentation
BY TECHNOLOGY
BY SPECIFICATION
BY APPLICATION
- Chemical
- Oil Gas
- HVAC
- Others
11
12Research Methodology
13Developing List of Respondents
Formulating Questionnaire
Market Profiling
Data Analysis
Data Collection
Data Validation
In-depth secondary research was conducted to
determine overall market size, segmental market
size and top companies in global electrochemical
hydrogen compressor market.
The data was scrutinized using MS-Excel,
statistical tools and internal proprietary
database to obtain qualitative and quantitative
insights about global electrochemical hydrogen
compressor market.
Data obtained as a result of primary and
secondary research was validated through rigorous
triangulation.
TechSci conducted interviews with industry
experts and leading companies for data collection
and verification.
In order to conduct industry experts interviews,
TechSci formulated a detailed discussion guide.
List of leading companies and industry
specialists was developed.
Primary Research
Desk Research
Company Analysis
- Recent Developments
- Market Changing Aspects/Dynamics
- Government Policies
- Conclusion
- Market Participants
- Key Strengths
- Identifying Key Opinion Leaders
- Questionnaire Design
- In-depth Interviews
Source XXXXX Note These are dummy figures
please purchase our report for actual data
13
14- Baseline Methodology
- Our dedicated team of industry experts has
monitored and analyzed various aspects of the
global electrochemical hydrogen compressor
market. The team has analyzed the outlook of
various segments of this market, while
considering the major influencing factors such as
rise in applications for electrochemical hydrogen
compressors in multifaceted end user industries
such as the chemical, oil gas, and automobile,
technological advancements, and the need for
decreasing carbon emissions, etc. and speculated
a robust growth during the forecast period. The
study includes market forecasting, which would
enable our clients to take better decisions while
planning their strategy to achieve sustainability
in the global electrochemical hydrogen compressor
market. - Methodology Followed for Calculation of Market
Size - Market Size by Value Market size, in terms of
value, for the year 2021 was calculated based on
information collected through exhaustive
secondary research and primary surveys, with
various key opinion leaders/stakeholders and
industry experts. - The team interviewed major companies, industry
experts and other value chain stakeholders in the
global electrochemical hydrogen compressor market
to obtain the overall market size during
2017-2021, which was validated by the Delphi
technique. Taking standard deviation into
consideration, the market size was averaged out,
to arrive at the market size data for 2017-2021.
Source XXXXX Note These are dummy figures
please purchase our report for actual data
14
15- Respondents were asked about the current and
future market growth rates, as well as market
shares by type, by application, by technology, by
specification, by region and by company. Removing
the outlier responses, the geometric mean of
growth estimates and provider wise revenue shares
generated across various segments were
considered, to arrive at the final revenue
shares. Revenue shares generated across various
segments were further triangulated from other
stakeholders depending upon the component. - Methodology Followed for Calculation of Market
Shares - Market shares by type, by application, by
technology, by specification, by region and by
company were calculated based on the responses
received through primary surveys with industry
experts, in which the respondents were asked
about the market shares of the leading
electrochemical hydrogen compressor companies.
The final shares were calculated by taking the
geometric mean of the responses gathered from key
opinion leaders after eliminating the outliers.
Moreover, respondents were asked about the
leading companies operating in the global
electrochemical hydrogen compressor market. - Methodology Followed for Forecasting
- TechSci Research performed periodical checks on
data collected through the surveys with logical
checks and analyzed the survey results.
Source XXXXX Note These are dummy figures
please purchase our report for actual data
15
16- Data triangulation techniques were applied to
fill the gaps and to present a more meaningful
picture of the market. To forecast the global
electrochemical hydrogen compressor market,
TechSci Research used various forecast techniques
such as - Moving Average
- Time Series Analysis
- Regression Analysis
- Econometric and Judgmental Analysis
- TechSci Research used its own forecast tool,
which is based on the growth of various allied
industries in respective regions. TechSci
Research also used the impact analysis during
short, medium and long term period to estimate
and analyze market demand scenario. - Note (a) Sum of some shares may not be 100 due
to round off till two decimal places.
Partial List of Companies Interviewed High yield Energy Technologies (HyET) Hydrogen B. V., FFI Fortescue Future Industries (Xergy Inc.), Nuvera Fuel Cells, LLC, Fuelcell Energy, Inc, Skyre Inc., Giner Inc., Proton Technologies Canada Inc., Henan Yuanju Machinery Equipment Co. Ltd., Keepwin Technology Hebei Co. Ltd., MTSA Technopower, etc.
Partial List of Secondary Sources Company Annual Reports, Press Releases, Industry Magazines, Industry Reports, Company Websites, TechSci Research Proprietary Database Knowledge Repository, International Monetary Fund, World Bank, International Journal of Hydrogen Energy, Office of Energy Efficiency and Renewable Energy, Electrochemical Energy Reviews, German Hydrogen and Fuel Cell Association, International Energy Agency, National Renewable Energy Laboratory, among others.
Source XXXXX Note These are dummy figures
please purchase our report for actual data
16
17High-end investments and technological
advancements and rise for EHCs among end user
industries including chemical, oil and gas
industry and automobiles are driving the growth
of global electrochemical hydrogen compressor
market in the forecast period, 2023-2027. Accordin
g to TechSci Research report, Electrochemical
Hydrogen Compressor Market- Global Industry Size,
Share, Trends, Opportunity and Forecast,
2017-2027, Global electrochemical hydrogen
compressor market stood at USD51.99 million in
2021 and is expected to register a CAGR of 13.96
to reach USD110.34 million by 2027. The global
electrochemical hydrogen compressor market is
expected to increase at a stable rate. Rapid
urbanization and industrial growth are expected
to increase energy consumption. Consequently, the
rising demand for energy and power owing to rapid
urbanization and the increasing household
incomes, along with improving manufacturing and
heavy industries, are boosting the deployment of
electrochemical hydrogen compressors. Several
factors, including an increase in hydrogen
consumption from end-user industries and the
construction of hydrogen pipeline systems, are
projected to increase the Global Electrochemical
Hydrogen Compressor Market. Additionally, the
increasing government investments in oil and gas
projects propel the demand for electrochemical
hydrogen compressors integrated with energy
storage systems in the Electrochemical Hydrogen
Compressor Market. Thus, these factors are
expected to contribute to the market growth
during the forecast period. As fossil fuel
sources deplete and worldwide demand for a more
sustainable economy develops, hydrogen-based
energy is becoming important. Hydrogen
generation, purification, and compression are
major technological challenges in the widespread
adoption and commercialization of
hydrogen-powered vehicles. Several investments
and technologies are being made to address these
concerns. For example, HyET has developed an
Electrochemical Hydrogen Compressor (EHC) as a
high-efficiency method for increasing hydrogen
infrastructure deployment. This revolutionary
method is ideal for hydrogen refueling stations
in automobiles as well as for renewable 'green'
hydrogen in natural gas pipeline
infrastructure. Climate change is a major
transformation driver in the EHC market. Various
innovations and developing technologies are used
in the production of solar panels, wind turbines,
electric vehicles, and sustainably produced
hydrogen. There is high business potential in the
transition to a low-carbon society and minimizing
CO2 emissions, and that drives demand for more
energy-efficient machines such as EHCs. Global
electrochemical hydrogen compressor market is
segmented into type, application, technology,
specification, region. Based on type, the market
is further fragmented into lt100 Bar, 100 to 500
Bar, 500 to 1000 Bar, gt1000 Bar. The gt1000 Bar
segment is the fastest growing type in the
market, with an increasing CAGR of 18.88 in the
forecast period 2022E-2027F. This is due to the
rising demand for high-pressure compression of
hydrogen gas in the upcoming years. The demand
for compressed hydrogen gas with more than 1000
bar pressure is rising in numerous industrial
applications, including hydro desulphurizing,
hydrotreating, and hydrocracking processes. Based
on application, the market is segmented into
chemical, oil gas, HVAC, others. The Oil Gas
application dominated the Global Electrochemical
Hydrogen Compressor Market in 2021, with a market
share of 55.03. This is due to the growing
demand for compressed hydrogen gas for cleaner
fuels, government regulations for the
desulfurization of petroleum products, and the
general decline in crude oil quality. The
refinery investments are rising rapidly with the
increase in oil gas demand across the globe.
Consequently, the significant investments
expected in developing countries are likely to
require a high demand for green hydrogen gas
usage. Major market players operating in the
global electrochemical hydrogen compressor market
are High yield Energy Technologies (HyET)
Hydrogen B. V., Xergy Inc., Nuvera Fuel Cells,
LLC, Fuelcell Energy, Inc., Skyre Inc., Giner
Inc., Proton Technologies Canada Inc., Henan
Yuanju Machinery Equipment Co. Ltd., Keepwin
Technology Hebei Co. Ltd., Taizhou Toplong
Electrical Mechanical Co., Ltd. North America
held the largest market share of 42.88 in the
Global Electrochemical Hydrogen Compressor Market
in 2021, as the region comprises developed
nations that house heavy, medium-scale, and
small-scale industries, striving to improve the
energy efficiency of the region. In North America
Electrochemical Hydrogen Compressor Market, the
United States is the most significant contributor
to the compressed hydrogen gas demand with a
market share of 76.93 in 2021, majorly owing to
the high demand for compressed hydrogen gas from
the Oil Gas industry, said Mr. Karan Chechi,
Research Director with TechSci Research, a
research based global management consulting firm.
17
18Global Electrochemical Hydrogen Compressor Market
Size, By Value (USD Million), 2017-2027F
CAGR 2017-2021 By Value XXX
CAGR 2022E-2027F By Value XXX
North America Electrochemical Hydrogen Compressor
Market Share, By Type, By Value, 2017-2027F
France Electrochemical Hydrogen Compressor Market
Share, By Application, By Value, 2017-2027F
18
19- Report Name GLOBAL ELECTROCHEMICAL
HYDROGEN COMPRESSOR MARKET - FORECAST AND OPPORTUNITIES
- 2017 2027
License Type Price
Single User License 4900
Multi-User License 5900
Custom Research License 8900
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19
20About Us Disclaimer
TechSci Research is a global market research and
consulting company with offices in the US, UK and
India. TechSci Research provides market research
reports in number of areas to organizations. The
company uses innovative business models that
focus on improving By Productivity, while
ensuring creation of high-quality reports. The
proprietary forecasting models use various
analyses of both industry-specific and
macroeconomic variables on a state-by-state basis
to produce a unique bottom-up model of a
country, regional and global industry prospects.
Combined with the detailed analysis of company
activity and industry trends, the result is a
uniquely rich evaluation of the opportunities
available in the market.
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