Overview

The analysis of the global compressors industry in the emerging hydrogen sector discusses key megatrends and analyzes 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.

• How can your team capitalize on the increasing demand for compressors in low-emissions hydrogen projects in North America and Europe?
• What megatrends in clean energy and hydrogen production should your team focus on to stay ahead in the compressor landscape?
• What areas should compressor vendors look at to benefit from the hydrogen industry? What are the key factors enabling growth? 

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