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An electrochemical hydrogen compressor is a hydrogen compressor where hydrogen is supplied to the anode, and compressed hydrogen is collected at the cathode with an energy efficiency up to and even beyond 80% for pressures up to 10,000 psi or 700 bars.An important emerging application for electrochemical hydrogen compressors is the fueling of fuel cell vehicles and related energy uses for hydrogen. Currently, compressors are one of the largest capital and operating costs of hydrogen fueling stations, requiring redundancy and added expense for down time and repairs. Reliable and cost effective alternatives to standard mechanical hydrogen compressors are being sought.
The global Electrochemical Hydrogen Compressors market was valued at US$ 13.1 million in 2023 and is anticipated to reach US$ 83 million by 2030, witnessing a CAGR of 29.5% during the forecast period 2024-2030.
The main global electrochemical hydrogen compressor manufacturers are distributed in the United States. HyET is the world's largest producer of electrochemical hydrogen compressors with over 37% of the market share, with other major players such as Skyre, Giner ELX and FFI Ionix. Americas is the largest market, which has a share about 37%, followed by Europe and Asia-Pacific, with 32% and 31% market share respectively. In terms of product type, electrochemical hydrogen compressors with an output pressure range of up to 500 Bar are the largest segment with a share of 64%, and chemical has a share of 43% approxiamtely, which is the largest segment in terms of application.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Electrochemical Hydrogen Compressors, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electrochemical Hydrogen Compressors.
The Electrochemical Hydrogen Compressors market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electrochemical Hydrogen Compressors market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Electrochemical Hydrogen Compressors manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
HyET
Skyre
Giner ELX
FFI Ionix
by Type
Outlet Pressure Range: below 500 Bar
Outlet Pressure Range: 500 - 1000 Bar
Outlet Pressure Range: above 1000 Bar
by Application
Chemical
Oil & Gas
Stations
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Electrochemical Hydrogen Compressors manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Electrochemical Hydrogen Compressors by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Electrochemical Hydrogen Compressors in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
The global Electrochemical Hydrogen Compressors market was valued at US$ 13.1 million in 2023 and is anticipated to reach US$ 83 million by 2030, witnessing a CAGR of 29.5% during the forecast period 2024-2030.
The main global electrochemical hydrogen compressor manufacturers are distributed in the United States. HyET is the world's largest producer of electrochemical hydrogen compressors with over 37% of the market share, with other major players such as Skyre, Giner ELX and FFI Ionix. Americas is the largest market, which has a share about 37%, followed by Europe and Asia-Pacific, with 32% and 31% market share respectively. In terms of product type, electrochemical hydrogen compressors with an output pressure range of up to 500 Bar are the largest segment with a share of 64%, and chemical has a share of 43% approxiamtely, which is the largest segment in terms of application.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Electrochemical Hydrogen Compressors, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electrochemical Hydrogen Compressors.
The Electrochemical Hydrogen Compressors market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electrochemical Hydrogen Compressors market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Electrochemical Hydrogen Compressors manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
HyET
Skyre
Giner ELX
FFI Ionix
by Type
Outlet Pressure Range: below 500 Bar
Outlet Pressure Range: 500 - 1000 Bar
Outlet Pressure Range: above 1000 Bar
by Application
Chemical
Oil & Gas
Stations
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Electrochemical Hydrogen Compressors manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Electrochemical Hydrogen Compressors by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Electrochemical Hydrogen Compressors in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
