Middle East & Africa Hydrogen Compressor Market Forecast to 2030 - Regional Analysis

Description

List of Tables

The Middle East & Africa hydrogen compressor market was valued at US$ 133.70 million in 2022 and is expected to reach US$ 176.73 million by 2030; it is estimated to register a CAGR of 3.6% from 2022 to 2030.

Development of Electrochemical Hydrogen Compressor (EHC) Bolsters Middle East & Africa Hydrogen Compressor Market

The electromechanical hydrogen compressors are presently in the research and development stage and electrochemical reactions, ionic liquids, and metal hydrides. The electrochemical compressors have the application of proton exchange membranes lined by electrodes and a peripheral power source to lead the recombination at higher pressures at the cathode and dissociation of hydrogen at the anode. The development of an electrochemical hydrogen compressor (EHC) is necessary to tackle the critical requirements of higher efficiency, lower cost, and improved durability. For instance, HyET Group offers electrochemical hydrogen compression technology, which is exclusively designed to operate the compression and purification step utilizing one piece of equipment. This results in a compact, energy-efficient, and cost-effective electromechanical hydrogen compressor. This technology minimizes downtime, as electrochemical compression stacks are static equipment, and hence, they do not have the wear and tear issue.

Furthermore, the modular design of EHC systems facilitates concurrent operation in case one of the compressor stacks requires maintenance or inspection after some period. Also, in September 2023, Atlas Copco launched an H2P hydrogen compressor that is capable of electrochemical electrolysis production. The company introduced speed-controlled technologies to compensate for fluctuations in hydrogen production and ensure optimal efficiency by reducing energy losses. These unique technologies launched by the key players are contributing to future growth in the Middle East & Africa hydrogen compressor market.

Middle East & Africa Hydrogen Compressor Market Overview

The Middle East & Africa hydrogen compressor market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of MEA. With the abundant presence of oil and gas refineries in Saudi Arabia and other Middle Eastern countries, the demand for hydrogen compressors is anticipated to propel in the region. Libya, the UAE, Saudi Arabia, Iran, and Qatar are a few countries that have witnessed significant growth in the oil business. Moreover, several oil projects are likely to aid in the adoption of hydrogen compressors. As of May 2023, in Middle East & African countries, companies invested more than US$ 3.2 billion in the oil & gas industry. More than 29 merger and acquisition deals were carried out in 2023. Rising investment in the development of the oil & gas industry is expected to create ample opportunity for the hydrogen compressor market growth. Further, the Upper Zakum-Production Capacity Enhancement in the UAE, Yanbu-Crude Oil-To-Chemicals complex in Saudi Arabia, and Zubair Oil Field-Rehabilitation Phase and Enhanced Re-Development Phase in Iraq are among the oil projects in the region. Besides, Iran, Saudi Arabia, the UAE, South Africa, and Algeria are among the major countries that were adversely affected by the COVID-19 outbreak, which led to the temporary discontinuation of oil production and the supply of necessary equipment. Also, rising energy sector investment in the Middle East & African countries is expected to create significant opportunities for the hydrogen compressors market growth in the coming years. As of June 2022, Middle East and North African countries invested US$ 879 billion for the next five years and are expected to increase by 9%. Also, the energy sector spending with increased oil exploration spending across the region is expected to create ample opportunity for the hydrogen compressor market growth. An increase in per capita income, recovering economic conditions, and government spending toward smart grid infrastructure development of the region are among the factors anticipated to drive the adoption of hydrogen compressors in the region. Governments of various countries in the region are focusing on modernizing the grid networks to team up with international standards, develop utility revenue collection, and address energy challenges. The grid modernization supports the economies' diversification and reduces the dependency on oil, gas, and coal energy generation. Several governments in the MEA have recently executed subsidy reform policies as well as recognized mechanisms for providing funding toward energy modernization.

Middle East & Africa Hydrogen Compressor Market Revenue and Forecast to 2030 (US$ Million)

Middle East & Africa Hydrogen Compressor Market Segmentation

The Middle East & Africa hydrogen compressor market is categorized into type, stage, end user, and country.

Based on type, the Middle East & Africa hydrogen compressor market is bifurcated into oil-based and oil-free. The oil-based segment held a larger market share in 2022.

In terms of stage, the Middle East & Africa hydrogen compressor market is bifurcated into single-stage and multi-stage. The multi-stage segment held a larger market share in 2022.

By end user, the Middle East & Africa hydrogen compressor market is segmented into chemicals, oil and gas, automotive and transportation, renewable energy, refueling station, and others. The oil and gas segment held the largest market share in 2022.

By country, the Middle East & Africa hydrogen compressor market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa hydrogen compressor market share in 2022.

Atlas Copco AB; Burckhardt Compression AG; Gardner Denver Nash, LLC; HAUG Sauer Kompressoren AG; Howden Group; Lenhardt & Wagner GmbH; NEUMAN & ESSER GROUP; and PDC Machines Inc. are among the leading companies operating in the Middle East & Africa hydrogen compressor market.

Product Code: TIPRE00023019

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Middle East & Africa Hydrogen Compressor Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 List of Hydrogen Compressor Suppliers

5. Middle East & Africa Hydrogen Compressor Market - Key Industry Dynamics

5.1 Middle East & Africa Hydrogen Compressor Market - Key Industry Dynamics
5.2 Market Drivers
- 5.2.1 Growing Adoption of Hydrogen Fuel Cell Vehicles
- 5.2.2 Increasing Investments across Oil & Gas Sector
- 5.2.3 Increasing Industrial Production Activities
5.3 Market Restraints
- 5.3.1 High Recurring Cost in Maintenance
5.4 Market Opportunities
- 5.4.1 Rising Investments in Renewable Energy and Hydrogen Generation Projects Worldwide
5.5 Future Trends
- 5.5.1 Development of Electrochemical Hydrogen Compressor (EHC)
5.6 Impact of Drivers and Restraints:

6. Hydrogen Compressor Market - Middle East & Africa Market Analysis

6.1 Middle East & Africa Hydrogen Compressor Market Revenue (US$ Million), 2022 - 2030
6.2 Hydrogen Compressor Market Forecast and Analysis

7. Middle East & Africa Hydrogen Compressor Market Analysis - Type

7.1 Oil-based
- 7.1.1 Overview
- 7.1.2 Oil-based Market Revenue, and Forecast to 2030 (US$ Million)
7.2 Oil-free
- 7.2.1 Overview
- 7.2.2 Oil-free Market Revenue, and Forecast to 2030 (US$ Million)

8. Middle East & Africa Hydrogen Compressor Market Analysis - Stage

8.1 Single Stage
- 8.1.1 Overview
- 8.1.2 Single Stage Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Multi Stage
- 8.2.1 Overview
  - 8.2.1.1 Multi Stage Market, Revenue and Forecast to 2030 (US$ Million)

9. Middle East & Africa Hydrogen Compressor Market Analysis - End user

9.1 Chemicals
- 9.1.1 Overview
- 9.1.2 Chemicals Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Oil and Gas
- 9.2.1 Overview
- 9.2.2 Oil and Gas Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Automotive and Transportation
- 9.3.1 Overview
- 9.3.2 Automotive and Transportation Market Revenue, and Forecast to 2030 (US$ Million)
9.4 Renewable Energy
- 9.4.1 Overview
- 9.4.2 Renewable Energy Market Revenue, and Forecast to 2030 (US$ Million)
9.5 Refueling Stations
- 9.5.1 Overview
- 9.5.2 Refueling Station Market Revenue, and Forecast to 2030 (US$ Million)
9.6 Others
- 9.6.1 Overview
- 9.6.2 Others Market Revenue, and Forecast to 2030 (US$ Million)

10. Middle East & Africa Hydrogen Compressor Market - Country Analysis

10.1 Overview
- 10.1.1 Middle East & Africa Hydrogen Compressor Market Revenue and Forecasts and Analysis - By Country
  - 10.1.1.1 Middle East & Africa Hydrogen Compressor Market Revenue and Forecasts and Analysis - By Country
  - 10.1.1.2 South Africa Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.1.2.1 South Africa Hydrogen Compressor Market Breakdown by Type
    - 10.1.1.2.2 South Africa Hydrogen Compressor Market Breakdown by Stage
    - 10.1.1.2.3 South Africa Hydrogen Compressor Market Breakdown by End user
  - 10.1.1.3 Saudi Arabia Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.1.3.1 Saudi Arabia Hydrogen Compressor Market Breakdown by Type
    - 10.1.1.3.2 Saudi Arabia Hydrogen Compressor Market Breakdown by Stage
    - 10.1.1.3.3 Saudi Arabia Hydrogen Compressor Market Breakdown by End user
  - 10.1.1.4 UAE Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.1.4.1 UAE Hydrogen Compressor Market Breakdown by Type
    - 10.1.1.4.2 UAE Hydrogen Compressor Market Breakdown by Stage
    - 10.1.1.4.3 UAE Hydrogen Compressor Market Breakdown by End user
  - 10.1.1.5 Rest of MEA Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.1.5.1 Rest of MEA Hydrogen Compressor Market Breakdown by Type
    - 10.1.1.5.2 Rest of MEA Hydrogen Compressor Market Breakdown by Stage
    - 10.1.1.5.3 Rest of MEA Hydrogen Compressor Market Breakdown by End user

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions

13. Company Profiles

13.1 Atlas Copco AB
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Burckhardt Compression AG
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Gardner Denver Nash, LLC
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Howden Group
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 HAUG Sauer Kompressoren AG
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 NEUMAN & ESSER GROUP
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.5 Key Developments
13.7 Lenhardt & Wagner GmbH
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 PDC Machines Inc.
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments

14. Appendix

14.1 Word Index