The analysis of the global compressors industry in the emerging hydrogen sector discusses the megatrends into the opportunities available for compressor vendors. Significant developments in hydrogen production from fossil fuels with carbon capture, utilization, and storage (CCUS) have been made despite marginal growth in production from announced projects.

The industry opportunity for compressors in hydrogen production and distribution is substantial. In North America and Europe, many large-scale projects involved in low-emissions hydrogen in refining, chemicals, and steel manufacturing reached final investment decisions (FID) in 2023, indicating positive growth prospects. China is a leader in this space, backed by its strength in mass manufacturing clean energy technologies. Other regions also show increased government investment in hydrogen technologies.

• What are the different types of compressors used in hydrogen infrastructure, and how do their applications vary across sectors such as steel, shipping, and energy?
• What are the key factors driving the growth of the low-emissions hydrogen landscape, and how are these factors shaping the demand for specialized equipment like compressors?
• In what ways does the establishment of hydrogen hubs contribute to the expansion of hydrogen as a fuel and chemical feedstock, and how can compressor vendors capitalize on this growth?