Electrochemical Hydrogen Compressor Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027, Segmented By Type (<100 Bar, 100 to 500 Bar, 500 to 1000 Bar, >1000 Bar), By Application (Chemical, Oil & Gas, HVAC, Others), By Technology (Single-stage and Multi-stage), By Specification (Oil-based, Oil-free), By Region
Published on: 2024-12-11 | No of Pages : 320 | Industry : Power
Publisher : MIR | Format : PDF&Excel
Electrochemical Hydrogen Compressor Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027, Segmented By Type (<100 Bar, 100 to 500 Bar, 500 to 1000 Bar, >1000 Bar), By Application (Chemical, Oil & Gas, HVAC, Others), By Technology (Single-stage and Multi-stage), By Specification (Oil-based, Oil-free), By Region
Hydrogen Compressors
A hydrogen compressor known as an electrochemical hydrogen compressor (EHC) uses the electrolysis process to compress hydrogen gas before the compressed hydrogen can be collected from the cathode. In order to compress low-pressure hydrogen into high-pressure hydrogen, electrochemical hydrogen compressors use the electrochemical principle. Voltage application can cause a localized pressure difference due to hydrogen oxidation at anodes and hydrogen reduction at cathodes.
Rise in Use By End User Industries Including Chemical, Oil And Gas Industry and Automobiles Driving the Market Growth
The growth of electrochemical hydrogen compressors (EHCs) applications from various end user industries, including the chemical, oil and gas, and automotive sectors, is projected to drive the market for EHCs as a whole. When compared to other non-mechanical hydrogen compressors, the EHCs' low electric power consumption, reduced thermal loss, and enhanced efficiency are the main reasons for their increased use. EHCs have straightforward device designs, which frequently aid in reducing safety concerns. Additionally, EHCs can compress and purify gaseous hydrogen at the same time, making them one of the most promising possibilities for electrochemical hydrogen compression in the future.
Growing Consumer Preference Towards Cleaner Energy Fuels
The global movement to reduce greenhouse gases, including CO2, nitrogen oxides, and sulphur oxides, is being driven by climate initiatives. As a result, it is believed that one of the key trends driving the growth of the worldwide electrochemical hydrogen compressor market is consumers' shifting demand for greener energy fuels. Due to the expansion of the hydrogen pipeline infrastructure and the spike in demand for hydrogen across a variety of end user industries, the global electrochemical hydrogen compressor market is anticipated to expand at a substantial rate during the forecast period. The expansion of the global market for hydrogen compressors is being driven by the emergence of hydrogen refineries in various countries. The market for hydrogen compressors is expanding as a result of rising demand from the car and consumer electronics industries.
Diversified Usage of Electrochemical Hydrogen Compressors
Although there are many industrial uses for hydrogen gas, such as in the production of silicon wafers, float-glass fabrication, and metal annealing, more than 80% of the hydrogen gas used in these processes is frequently wasted. A new electrochemical system was developed, allowing facilities that use hydrogen gas to recover the gas by isolating and purifying it from a waste gas stream and compressing the gas for reuse. In hydrogen refueling stations, electrochemical hydrogen compressors are also utilized to pressurize hydrogen gas for storage. Without using hydrochlorofluorocarbons (HCFCs) or chlorofluorocarbons (CFCs), these electrochemical compressors are quiet, scalable, modular, and extremely efficient (HCFCs).
Increasing Focus on Research & Development
Green hydrogen
Market Segmentation
The Global Electrochemical Hydrogen Compressor Market is segmented based on Type, Application, Technology, Specification, region, and by company. Based on Type, the market is further fragmented into the <100 Bar, 100 to 500 Bar, 500 to 1000 Bar, >1000 Bar. Based on Application, the market is segmented into Chemical, Oil & Gas, HVAC, Others. Also, segmentation of the market on grounds of Technology is done into Single-stage and Multi-stage. Based on Specification, the market is segmented into Oil-based, Oil-free.
Company Profiles
High yield Energy Technologies (HyET) Hydrogen B. V., FFI Fortescue Future Industries, Nuvera Fuel Cells, LLC, Fuelcell Energy, Inc., Skyre Inc., Giner Inc.,
Attribute |
Details |
Market size value in 2021 |
USD 51.99 Million |
Revenue Forecast in 2027 |
USD 110.34 Million |
United States Market size value in 2021 |
USD 17.15 Million |
Growth Rate |
13.96% |
Base Year |
2021 |
Historical Years |
2017 – 2020 |
Estimated Year |
2022 |
Forecast Period |
2023 – 2027 |
Quantitative Units |
Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
Report Coverage |
·
Revenue forecast, company
share, competitive landscape, growth factors, and trends |
Segments Covered |
·
Type ·
Application ·
Technology ·
Specification |
Regional Scope |
North America; Europe; Asia Pacific; Rest of the World |
Country Scope |
United States; Mexico; Canada; China; India; Japan; South
Korea; Australia; Germany; France; United Kingdom; Spain; Netherlands; |
Key Companies Profiled |
High yield
Energy Technologies (HyET) Hydrogen B. V., FFI Fortescue Future Industries, 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. |
Customization Scope |
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
Pricing and Purchase Options |
Avail customized purchase
options to meet your exact research needs. Explore purchase
options |
Delivery Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/pdf format on special request) |