DUBLIN--(BUSINESS WIRE)--The "Global Hydrogen Compressor Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
Major consumers of hydrogen are the chemical and oil downstream industries. Together these industries account for more than 70% of the overall hydrogen consumption. The growing oil downstream and chemical industries are expected to drive the market growth during the forecast period.
Oil downstream industry is a major consumer of hydrogen and in turn hydrogen compressors. Hydrogen is used to process heavy oil, to produce the refined product that meets the end product requirement. The refining industry is expected to register significant growth in Asia-Pacific and the Middle East & Africa. The Asia-Pacific region is heavily dependent on oil to meet energy demands. The region leads the global energy demand. In order to meet the growing energy needs, the petrochemical industry is witnessing substantial growth.
In the chemical industry, hydrogen is mainly used for the production of methanol and ammonia. Ammonia and methanol production consumes more than 50% of the hydrogen consumption worldwide. The Asia-Pacific region is a leading manufacturer of chemicals. Commoditized chemical production accounts for a major share of the total chemical production in the region, but the share of specialty chemicals is increasing, and this trend is expected to continue during the forecast period.
Companies Mentioned
- Corken Compressors
- Ariel Corporation
- Burckhardt Compression AG
- Hydro-Pac Inc.
- Haug Kompressoren AG
- Sundyne Compressors
- Howden Group
- Indian Compressors Ltd
- Atlas Copco
- Garden Denver
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Market Overview
4. Market Dynamics
5. Value Chain Analysis
6. Industry Attractiveness - Porter's Five Forces Analysis
7. Market Segmentation and Analysis
8. Regional Market Analysis
9. Key Company Analysis
10. Competitive Landscape
11. Disclaimer
For more information about this report visit https://www.researchandmarkets.com/research/f3mr4h/global_hydrogen?w=4
