Hydrogen Compressor Global Market Report 2022: Increased Hydrogen Demand from Transportation Industry Drives Growth - ResearchAndMarkets.com
Increase in number of hydrogen gas pipelines, innovations in automotive industries, government policies for clean fuel, and growing demand for hydrogen fueling stations are identified as the major factors driving demand for hydrogen compressor worldwide.
- Increase in number of hydrogen gas pipelines, innovations in automotive industries, government policies for clean fuel, and growing demand for hydrogen fueling stations are identified as the major factors driving demand for hydrogen compressor worldwide.
- However, higher initial cost, frequent maintenance, and dynamic price for raw materials are the major challenges faced by hydrogen compressor market.
- Hydrogen fuel cells are considered to be one of the most emerging technology in automotive segment which is expected to create ample opportunities for hydrogen compressor market.
- The hydrogen compressor market is expected to experience a tremendous demand for petrochemicals and hydrogen fuel cell vehicle industries.