원심식 수소 압축기 시장 규모, 점유율, 성장 및 세계 산업 분석 : 유형별, 용도별, 지역별 인사이트 및 예측(2024-2032년)

Growth Factors of centrifugal hydrogen compressor Market

The global centrifugal hydrogen compressor market is witnessing strong and steady growth as hydrogen emerges as a pivotal component in the global transition toward sustainable energy. According to the latest market assessment, the centrifugal hydrogen compressor market was valued at USD 687.64 million in 2024, is projected to rise to USD 714.13 million in 2025, and is expected to reach USD 992.63 million by 2032, reflecting growing investment in hydrogen infrastructure and clean-energy technologies. With hydrogen gaining momentum in transportation, power generation, and industrial applications, centrifugal compressors remain essential for enabling high-pressure hydrogen storage, transportation, and distribution.

In 2024, Asia Pacific dominated the market with a 57.10% share, driven by aggressive hydrogen policy implementation, industrial growth, and large-scale clean energy investments across China, Japan, India, and South Korea. These countries are expanding hydrogen production capacity, fuel-cell adoption, and mobility solutions, requiring reliable compression systems to support midstream and downstream hydrogen operations.

Market Dynamics

Market Drivers

A major market driver is the rising global demand for hydrogen fuel technologies. As countries pursue net-zero targets, hydrogen is increasingly used as an alternative to fossil fuels in industrial processes, transportation, and energy storage. Centrifugal compressors are crucial for managing high flow rates and pressure requirements in hydrogen production and storage.

In July 2020, Siemens Energy was selected to supply centrifugal compressor technology for Saudi Aramco's HUGRS project, which includes a gas injection plant with a capacity of 1,500 million ft3/d and a withdrawal facility handling 2,000 million ft3/d, demonstrating the scale and critical role of centrifugal compressors in major hydrogen initiatives.

Market Trends

The market is witnessing a rapid increase in hydrogen pipeline development and large-scale storage infrastructure. Many nations are investing in underground storage caverns, hydrogen hubs, and long-distance hydrogen transport systems. Centrifugal compressors are suitable for these high-capacity, continuous-duty operations due to their efficiency and lower maintenance requirements compared to alternatives.

Market Restraints

High maintenance costs remain a significant restraint. Although centrifugal compressors require less maintenance than reciprocating compressors, hydrogen applications demand rigorous monitoring, periodic component replacement, and specialized servicing-leading to substantial long-term expenses. These costs are particularly challenging for high-pressure hydrogen systems operating in harsh industrial environments.

Market Opportunities

Global government initiatives are generating substantial market opportunities. China's 14th Five-Year Plan, Japan's Hydrogen Strategy, India's National Green Hydrogen Mission, and South Korea's fuel-cell deployment programs all emphasize hydrogen expansion. These national policies offer subsidies, regulatory support, and incentives for hydrogen infrastructure, increasing demand for high-capacity centrifugal compressors.

Segmentation Insights

By Type

The oil-based centrifugal hydrogen compressors segment dominates the market. Oil cooling removes up to 80% of the heat generated during hydrogen compression, enabling high efficiency and greater compression ratios-critical for industrial hydrogen applications.

By Stage

Multi-stage compressors lead the market due to their superior reliability, high-pressure output capabilities, and extended operational lifespan. Their ability to achieve consistent pressure control makes them suitable for hydrogen plants, petrochemical facilities, and refineries.

By End-User

The petrochemical and chemical sector holds the largest share, driven by high hydrogen consumption in chemical synthesis, ammonia production, refineries, and industrial processes requiring continuous high-flow hydrogen compression.

Regional Outlook

Asia Pacific

With a market size of USD 392.68 million in 2024, Asia Pacific remains the global leader. China and Japan are at the forefront due to widespread fuel-cell deployment and strong government support. India's renewable hydrogen initiatives are accelerating compressor demand.

North America

North American industries seek efficient and low-maintenance hydrogen compression systems for refining, chemical processing, and clean mobility. The U.S. leads the region with strong hydrogen production goals outlined by the Department of Energy.

Europe

Europe's Green Deal and national hydrogen strategies are accelerating the adoption of centrifugal compressors. The region is investing in hydrogen refueling infrastructure, industrial decarbonization, and large-scale clean hydrogen projects.

Latin America

Hydrogen infrastructure growth-powered by abundant renewable energy in Brazil, Chile, and Argentina-is driving compressor adoption for clean hydrogen production and export plans.

Middle East & Africa

The region's extensive oil and gas operations and emerging hydrogen export initiatives support compressor market growth, especially in Saudi Arabia, UAE, and Qatar.

Conclusion

The centrifugal hydrogen compressor market is positioned for robust global expansion, growing from USD 687.64 million in 2024 to USD 714.13 million in 2025, and expected to reach USD 992.63 million by 2032. Rising hydrogen production, infrastructure investments, clean-energy mandates, and industrial decarbonization efforts will continue to strengthen demand for advanced centrifugal hydrogen compressors across key global markets.

Segmentation By Type

• Oil-free
• Oil-based

By Stage

• Single Stage
• Multi Stage

By End-User

• Power Plants
• Hydrogen Refueling Station
• Industrial Furnace
• Petrochemical and Chemical
• Pharmaceutical
• Oil and Gas
• Others

By Geography

• North America (By Type, By Stage, By End-User, By Country)
  • U.S. (By End User)
  • Canada (By End User)
• Europe (By Type, By Stage, By End-User, By Country)
  • UK (By End User)
  • Germany (By End User)
  • France (By End User)
  • Italy (By End User)
  • Spain (By End User)
  • Russia & CIS (By End User)
  • Rest of Europe (By End User)
• Asia Pacific (By Type, By Stage, By End-User, By Country)
  • China (By End User)
  • India (By End User)
  • Japan (By End User)
  • Australia (By End User)
  • Southeast Asia (By End User)
  • Rest of Asia Pacific (By End User)
• Latin America (By Type, By Stage, By End-User, By Country)
  • Brazil (By End User)
  • Mexico (By End User)
  • Rest of Latin America (By End User)
• Middle East & Africa (By Type, By Stage, By End-User, By Country)
  • GCC (By End User)
  • South Africa (By End User)
  • Rest of Middle East & Africa (By End User)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions & Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities

4. Key Insights

• 4.1. Key Emerging Trends - For Major Countries
• 4.2. Latest Technological Advancement
• 4.3. Insight on Regolatory Landscape
• 4.4. Porters Five Forces Analysis
• 4.5. Impact of Tariffs on the Global Centrifugal Hydrogen Compressor Market

5. Global Centrifugal Hydrogen Compressor Market (USD Million) Analysis, Insights, and Forecast, 2019-2032

• 5.1. Key Findings
• 5.2. Market Analysis, Insights, and Forecast - By Type
  • 5.2.1. Oil-free
  • 5.2.2. Oil-based
• 5.3. Market Analysis, Insights, and Forecast - By Stage
  • 5.3.1. Single Stage
  • 5.3.2. Molti Stage
• 5.4. Market Analysis, Insights, and Forecast - By End-User
  • 5.4.1. Power Plants
  • 5.4.2. Hydrogen Refueling Station
  • 5.4.3. Industrial Furnace
  • 5.4.4. Petrochemical and Chemical
  • 5.4.5. Pharmaceutical
  • 5.4.6. Oil and Gas
  • 5.4.7. Others
• 5.5. Market Analysis, Insights, and Forecast - By Region
  • 5.5.1. North America
  • 5.5.2. Europe
  • 5.5.3. Asia Pacific
  • 5.5.4. Latin America
  • 5.5.5. Middle East and Africa

6. North America Centrifugal Hydrogen Compressor Market (USD Million) Analysis, Insights, and Forecast, 2019-2032

• 6.1. Key Findings
• 6.2. Market Analysis, Insights, and Forecast - By Type
  • 6.2.1. Oil-free
  • 6.2.2. Oil-based
• 6.3. Market Analysis, Insights, and Forecast - By Stage
  • 6.3.1. Single Stage
  • 6.3.2. Molti Stage
• 6.4. Market Analysis, Insights, and Forecast - By End-User
  • 6.4.1. Power Plants
  • 6.4.2. Hydrogen Refueling Station
  • 6.4.3. Industrial Furnace
  • 6.4.4. Petrochemical and Chemical
  • 6.4.5. Pharmaceutical
  • 6.4.6. Oil and Gas
  • 6.4.7. Others
• 6.5. Market Analysis, Insights, and Forecast - By Country
  • 6.5.1. U.S. Market Analysis, Insights, and Forecast - By End-User
    • 6.5.1.1. Power Plants
    • 6.5.1.2. Hydrogen Refueling Station
    • 6.5.1.3. Industrial Furnace
    • 6.5.1.4. Petrochemical and Chemical
    • 6.5.1.5. Pharmaceutical
    • 6.5.1.6. Oil and Gas
    • 6.5.1.7. Others
  • 6.5.2. Canada Market Analysis, Insights, and Forecast - By End-User
    • 6.5.2.1. Power Plants
    • 6.5.2.2. Hydrogen Refueling Station
    • 6.5.2.3. Industrial Furnace
    • 6.5.2.4. Petrochemical and Chemical
    • 6.5.2.5. Pharmaceutical
    • 6.5.2.6. Oil and Gas
    • 6.5.2.7. Others

7. Europe Centrifugal Hydrogen Compressor Market (USD Million) Analysis, Insights, and Forecast, 2019-2032

• 7.1. Key Findings
• 7.2. Market Analysis, Insights, and Forecast - By Type
  • 7.2.1. Oil-free
  • 7.2.2. Oil-based
• 7.3. Market Analysis, Insights, and Forecast - By Stage
  • 7.3.1. Single Stage
  • 7.3.2. Molti Stage
• 7.4. Market Analysis, Insights, and Forecast - By End-User
  • 7.4.1. Power Plants
  • 7.4.2. Hydrogen Refueling Station
  • 7.4.3. Industrial Furnace
  • 7.4.4. Petrochemical and Chemical
  • 7.4.5. Pharmaceutical
  • 7.4.6. Oil and Gas
  • 7.4.7. Others
• 7.5. Market Analysis, Insights, and Forecast - By Country
  • 7.5.1. K. Market Analysis, Insights, and Forecast - By End-User
    • 7.5.1.1. Power Plants
    • 7.5.1.2. Hydrogen Refueling Station
    • 7.5.1.3. Industrial Furnace
    • 7.5.1.4. Petrochemical and Chemical
    • 7.5.1.5. Pharmaceutical
    • 7.5.1.6. Oil and Gas
    • 7.5.1.7. Others
  • 7.5.2. Germany Market Analysis, Insights, and Forecast - By End-User
    • 7.5.2.1. Power Plants
    • 7.5.2.2. Hydrogen Refueling Station
    • 7.5.2.3. Industrial Furnace
    • 7.5.2.4. Petrochemical and Chemical
    • 7.5.2.5. Pharmaceutical
    • 7.5.2.6. Oil and Gas
    • 7.5.2.7. Others
  • 7.5.3. France Market Analysis, Insights, and Forecast - By End-User
    • 7.5.3.1. Power Plants
    • 7.5.3.2. Hydrogen Refueling Station
    • 7.5.3.3. Industrial Furnace
    • 7.5.3.4. Petrochemical and Chemical
    • 7.5.3.5. Pharmaceutical
    • 7.5.3.6. Oil and Gas
    • 7.5.3.7. Others
  • 7.5.4. Spain Market Analysis, Insights, and Forecast - By End-User
    • 7.5.4.1. Power Plants
    • 7.5.4.2. Hydrogen Refueling Station
    • 7.5.4.3. Industrial Furnace
    • 7.5.4.4. Petrochemical and Chemical
    • 7.5.4.5. Pharmaceutical
    • 7.5.4.6. Oil and Gas
    • 7.5.4.7. Others
  • 7.5.5. Italy Market Analysis, Insights, and Forecast - By End-User
    • 7.5.5.1. Power Plants
    • 7.5.5.2. Hydrogen Refueling Station
    • 7.5.5.3. Industrial Furnace
    • 7.5.5.4. Petrochemical and Chemical
    • 7.5.5.5. Pharmaceutical
    • 7.5.5.6. Oil and Gas
    • 7.5.5.7. Others
  • 7.5.6. Russia and CIS Market Analysis, Insights, and Forecast - By End-User
    • 7.5.6.1. Power Plants
    • 7.5.6.2. Hydrogen Refueling Station
    • 7.5.6.3. Industrial Furnace
    • 7.5.6.4. Petrochemical and Chemical
    • 7.5.6.5. Pharmaceutical
    • 7.5.6.6. Oil and Gas
    • 7.5.6.7. Others
  • 7.5.7. Rest of Europe Market Analysis, Insights, and Forecast - By End-User
    • 7.5.7.1. Power Plants
    • 7.5.7.2. Hydrogen Refueling Station
    • 7.5.7.3. Industrial Furnace
    • 7.5.7.4. Petrochemical and Chemical
    • 7.5.7.5. Pharmaceutical
    • 7.5.7.6. Oil and Gas
    • 7.5.7.7. Others

8. Asia Pacific Centrifugal Hydrogen Compressor Market (USD Million) Analysis, Insights, and Forecast, 2019-2032

• 8.1. Key Findings
• 8.2. Market Analysis, Insights, and Forecast - By Type
  • 8.2.1. Oil-free
  • 8.2.2. Oil-based
• 8.3. Market Analysis, Insights, and Forecast - By Stage
  • 8.3.1. Single Stage
  • 8.3.2. Molti Stage
• 8.4. Market Analysis, Insights, and Forecast - By End-User
  • 8.4.1. Power Plants
  • 8.4.2. Hydrogen Refueling Station
  • 8.4.3. Industrial Furnace
  • 8.4.4. Petrochemical and Chemical
  • 8.4.5. Pharmaceutical
  • 8.4.6. Oil and Gas
  • 8.4.7. Others
• 8.5. Market Analysis, Insights, and Forecast - By Country
  • 8.5.1. China Market Analysis, Insights, and Forecast - By End-User
    • 8.5.1.1. Power Plants
    • 8.5.1.2. Hydrogen Refueling Station
    • 8.5.1.3. Industrial Furnace
    • 8.5.1.4. Petrochemical and Chemical
    • 8.5.1.5. Pharmaceutical
    • 8.5.1.6. Oil and Gas
    • 8.5.1.7. Others
  • 8.5.2. Japan Market Analysis, Insights, and Forecast - By End-User
    • 8.5.2.1. Power Plants
    • 8.5.2.2. Hydrogen Refueling Station
    • 8.5.2.3. Industrial Furnace
    • 8.5.2.4. Petrochemical and Chemical
    • 8.5.2.5. Pharmaceutical
    • 8.5.2.6. Oil and Gas
    • 8.5.2.7. Others
  • 8.5.3. India Market Analysis, Insights, and Forecast - By End-User
    • 8.5.3.1. Power Plants
    • 8.5.3.2. Hydrogen Refueling Station
    • 8.5.3.3. Industrial Furnace
    • 8.5.3.4. Petrochemical and Chemical
    • 8.5.3.5. Pharmaceutical
    • 8.5.3.6. Oil and Gas
    • 8.5.3.7. Others
  • 8.5.4. Australia Market Analysis, Insights, and Forecast - By End-User
    • 8.5.4.1. Power Plants
    • 8.5.4.2. Hydrogen Refueling Station
    • 8.5.4.3. Industrial Furnace
    • 8.5.4.4. Petrochemical and Chemical
    • 8.5.4.5. Pharmaceutical
    • 8.5.4.6. Oil and Gas
    • 8.5.4.7. Others
  • 8.5.5. Southeast Asia Market Analysis, Insights, and Forecast - By End-User
    • 8.5.5.1. Power Plants
    • 8.5.5.2. Hydrogen Refueling Station
    • 8.5.5.3. Industrial Furnace
    • 8.5.5.4. Petrochemical and Chemical
    • 8.5.5.5. Pharmaceutical
    • 8.5.5.6. Oil and Gas
    • 8.5.5.7. Others
  • 8.5.6. Rest of Asia Pacific Market Analysis, Insights, and Forecast - By End-User
    • 8.5.6.1. Power Plants
    • 8.5.6.2. Hydrogen Refueling Station
    • 8.5.6.3. Industrial Furnace
    • 8.5.6.4. Petrochemical and Chemical
    • 8.5.6.5. Pharmaceutical
    • 8.5.6.6. Oil and Gas
    • 8.5.6.7. Others

9. Latin America Centrifugal Hydrogen Compressor Market (USD Million) Analysis, Insights, and Forecast, 2019-2032

• 9.1. Key Findings
• 9.2. Market Analysis, Insights, and Forecast - By Type
  • 9.2.1. Oil-free
  • 9.2.2. Oil-based
• 9.3. Market Analysis, Insights, and Forecast - By Stage
  • 9.3.1. Single Stage
  • 9.3.2. Molti Stage
• 9.4. Market Analysis, Insights, and Forecast - By End-User
  • 9.4.1. Power Plants
  • 9.4.2. Hydrogen Refueling Station
  • 9.4.3. Industrial Furnace
  • 9.4.4. Petrochemical and Chemical
  • 9.4.5. Pharmaceutical
  • 9.4.6. Oil and Gas
  • 9.4.7. Others
• 9.5. Market Analysis, Insights, and Forecast - By Country
  • 9.5.1. Brazil Market Analysis, Insights, and Forecast - By End-User
    • 9.5.1.1. Power Plants
    • 9.5.1.2. Hydrogen Refueling Station
    • 9.5.1.3. Industrial Furnace
    • 9.5.1.4. Petrochemical and Chemical
    • 9.5.1.5. Pharmaceutical
    • 9.5.1.6. Oil and Gas
    • 9.5.1.7. Others
  • 9.5.2. Mexico Market Analysis, Insights, and Forecast - By End-User
    • 9.5.2.1. Power Plants
    • 9.5.2.2. Hydrogen Refueling Station
    • 9.5.2.3. Industrial Furnace
    • 9.5.2.4. Petrochemical and Chemical
    • 9.5.2.5. Pharmaceutical
    • 9.5.2.6. Oil and Gas
    • 9.5.2.7. Others
  • 9.5.3. Rest of Latin America Market Analysis, Insights, and Forecast - By End-User
    • 9.5.3.1. Power Plants
    • 9.5.3.2. Hydrogen Refueling Station
    • 9.5.3.3. Industrial Furnace
    • 9.5.3.4. Petrochemical and Chemical
    • 9.5.3.5. Pharmaceutical
    • 9.5.3.6. Oil and Gas
    • 9.5.3.7. Others

10. Middle East and Africa Centrifugal Hydrogen Compressor Market (USD Million) Analysis, Insights, and Forecast, 2019-2032

• 10.1. Key Findings
• 10.2. Market Analysis, Insights, and Forecast - By Type
  • 10.2.1. Oil-free
  • 10.2.2. Oil-based
• 10.3. Market Analysis, Insights, and Forecast - By Stage
  • 10.3.1. Single Stage
  • 10.3.2. Molti Stage
• 10.4. Market Analysis, Insights, and Forecast - By End-User
  • 10.4.1. Power Plants
  • 10.4.2. Hydrogen Refueling Station
  • 10.4.3. Industrial Furnace
  • 10.4.4. Petrochemical and Chemical
  • 10.4.5. Pharmaceutical
  • 10.4.6. Oil and Gas
  • 10.4.7. Others
• 10.5. Market Analysis, Insights, and Forecast - By Country
  • 10.5.1. GCC Market Analysis, Insights, and Forecast - By End-User
    • 10.5.1.1. Power Plants
    • 10.5.1.2. Hydrogen Refueling Station
    • 10.5.1.3. Industrial Furnace
    • 10.5.1.4. Petrochemical and Chemical
    • 10.5.1.5. Pharmaceutical
    • 10.5.1.6. Oil and Gas
    • 10.5.1.7. Others
  • 10.5.2. South Africa Market Analysis, Insights, and Forecast - By End-User
    • 10.5.2.1. Power Plants
    • 10.5.2.2. Hydrogen Refueling Station
    • 10.5.2.3. Industrial Furnace
    • 10.5.2.4. Petrochemical and Chemical
    • 10.5.2.5. Pharmaceutical
    • 10.5.2.6. Oil and Gas
    • 10.5.2.7. Others
  • 10.5.3. Rest of MEA Market Analysis, Insights, and Forecast - By End-User
    • 10.5.3.1. Power Plants
    • 10.5.3.2. Hydrogen Refueling Station
    • 10.5.3.3. Industrial Furnace
    • 10.5.3.4. Petrochemical and Chemical
    • 10.5.3.5. Pharmaceutical
    • 10.5.3.6. Oil and Gas
    • 10.5.3.7. Others

11. Competitive Analysis

• 11.1. Company Market Share Analysis, 2024
• 11.2. Company Profile
  • 11.2.1. Siemens
    • 11.2.1.1. Business Overview
    • 11.2.1.2. Product and Service Offerings
    • 11.2.1.3. Recent Developments
    • 11.2.1.4. Financials (Based on Availability)
  • 11.2.2. Mitsubishi Heavy Industries Ltd.
    • 11.2.2.1. Business Overview
    • 11.2.2.2. Product and Service Offerings
    • 11.2.2.3. Recent Developments
    • 11.2.2.4. Financials (Based on Availability)
  • 11.2.3. MAN Energy Solutions
    • 11.2.3.1. Business Overview
    • 11.2.3.2. Product and Service Offerings
    • 11.2.3.3. Recent Developments
    • 11.2.3.4. Financials (Based on Availability)
  • 11.2.4. CORDIS
    • 11.2.4.1. Business Overview
    • 11.2.4.2. Product and Service Offerings
    • 11.2.4.3. Recent Developments
    • 11.2.4.4. Financials (Based on Availability)
  • 11.2.5. Minnou Compressor
    • 11.2.5.1. Business Overview
    • 11.2.5.2. Product and Service Offerings
    • 11.2.5.3. Recent Developments
    • 11.2.5.4. Financials (Based on Availability)
  • 11.2.6. Neumann and Esser
    • 11.2.6.1. Business Overview
    • 11.2.6.2. Product and Service Offerings
    • 11.2.6.3. Recent Developments
    • 11.2.6.4. Financials (Based on Availability)
  • 11.2.7. Ingersoll Rand
    • 11.2.7.1. Business Overview
    • 11.2.7.2. Product and Service Offerings
    • 11.2.7.3. Recent Developments
    • 11.2.7.4. Financials (Based on Availability)
  • 11.2.8. Taizhou Toplong Electrical Mechanical Co., ltd.
    • 11.2.8.1. Business Overview
    • 11.2.8.2. Product and Service Offerings
    • 11.2.8.3. Recent Developments
    • 11.2.8.4. Financials (Based on Availability)
  • 11.2.9. Sundyne
    • 11.2.9.1. Business Overview
    • 11.2.9.2. Product and Service Offerings
    • 11.2.9.3. Recent Developments
    • 11.2.9.4. Financials (Based on Availability)
  • 11.2.10. Kawasaki Heavy Industries, Ltd.
    • 11.2.10.1. Business Overview
    • 11.2.10.2. Product and Service Offerings
    • 11.2.10.3. Recent Developments
    • 11.2.10.4. Financials (Based on Availability)
  • 11.2.11. Indian Compressors Ltd.
    • 11.2.11.1. Business Overview
    • 11.2.11.2. Product and Service Offerings
    • 11.2.11.3. Recent Developments
    • 11.2.11.4. Financials (Based on Availability)
  • 11.2.12. General Electric
    • 11.2.12.1. Business Overview
    • 11.2.12.2. Product and Service Offerings
    • 11.2.12.3. Recent Developments
    • 11.2.12.4. Financials (Based on Availability)
  • 11.2.13. Bharat Heavy Electricals Limited
    • 11.2.13.1. Business Overview
    • 11.2.13.2. Product and Service Offerings
    • 11.2.13.3. Recent Developments
    • 11.2.13.4. Financials (Based on Availability)
  • 11.2.14. Chart Industries
    • 11.2.14.1. Business Overview
    • 11.2.14.2. Product and Service Offerings
    • 11.2.14.3. Recent Developments
    • 11.2.14.4. Financials (Based on Availability)
  • 11.2.15. Linde Plc
    • 11.2.15.1. Business Overview
    • 11.2.15.2. Product and Service Offerings
    • 11.2.15.3. Recent Developments
    • 11.2.15.4. Financials (Based on Availability)