Rising adoption of fuel cell systems in commercial vehicles will lead to the market growth.
The Hydrogen recirculation pumps are widely used in fuel cells to recirculate hydrogen. Most of the hydrogen recirculation pumps are made up of materials and coatings that resist the corrosive effects of 100% humidified H2. These pumps have wide internal sealing areas between the housing and lobes. An exceptional coating on the lobes can handle the tight clearances between the housing and rotors, making them efficient. Moreover, to confirm a high performance of the fuel cell stack, more hydrogen is supplied to the stack than is required for the reaction, which make them suitable for various end-users.
The key driver which is helping the market to grow further is the increasing number of the passenger vehicle, especially in the European countries owing to high per capita income. Moreover, increasing demand for special utility vehicles (SUVs) in recent times owing to the growing leisure and tour activities globally is accredited to the market growth. This region is consisting of countries like UK and Germany which are major automotive manufacturers across the globe, Germany produced around 4.6 million passenger cars in the year 2019 and UK produced around 1.3 million passenger cars for the same year which is likely to help the market to grow faster in the Europe region.
Rising adoption of fuel cell systems in commercial vehicles is creating a great platform for the hydrogen recirculation pump market to grow further at a significant pace. As the environmental concerns are growing, various environmental agencies and governments are enacting stringent emission laws and norms, which are anticipated to increase the manufacturing cost of fuel-efficient diesel engines in the coming years. Therefore, the new commercial vehicle diesel engines are likely to create demand for the hydrogen recirculation pumps.
The higher cost of fuel cell based vehicle is leading the major restraining factor in the market. The fuel cell is made using a bipolar plate, membrane, gas diffusion layers, stacks, and a catalyst. Hydrogen atoms are oxidized into electrons and protons in a fuel cell. A catalyst is used for the chemical process. Generally, platinum is used as a catalyst in PEM fuel cells that are mostly used for automotive applications. Platinum is one of the expensive metals, making fuel cell expensive and creating a major barrier for the hydrogen recirculation pump market to grow further.
Hydrogen recirculation pump market is growing at a rapid pace, still the key reason which hampers the growth of market is explosive nature of hydrogen as fuel. The lower and upper flammability limits for hydrogen in air are between 4% and 75%. It is odourless and tasteless, so a tiny leak can easily reach dangerous levels, which hampers the market growth of hydrogen recirculation pump market.
The report provides an in-depth analysis of the Hydrogen recirculation pump market, including market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. The increasing demand for Hydrogen recirculation pump with increasing demand for fuel cell vehicles in automotive and transportation is driving the market and is expected to witness growth at a specific CAGR from 2022-2028.
The Hydrogen recirculation pump market consists of different market segments like type, application and country.
By Type, Hydrogen recirculation pump is consisting of
On the basis of types, scroll type is expected to hold majority of the share during the projection period. The market for scroll has a huge potential to recirculate hydrogen in a fuel-cell vehicle owing to its high efficiency, reliable operation, low noise and vibration, and a wide range of adjustable flow benefits. Also, various manufacturers are focusing upon manufacturing scroll which are smoother, rotary motion, 100% oil-free low sound levels, and have a long life. Apart from that, root is also growing at rapid pace, as root pump belongs to the positive displacement machine and its benefits include low cost, permission with reversible rotation and high reliability.
The hydrogen recirculation pumps market on the basis of application include:
Based upon application, the market has been dominated by the passenger vehicles, as the number of passenger vehicles is increasing in the developing countries with increased per capita income. Also, demand for hydrogen fuel cell light duty passenger vehicles is growing attributed to the growth of the hydrogen recirculation pump market. Furthermore, passenger cars are being manufactured with increased concern about environmental, rise in government investments and initiatives for development of hydrogen fuel cell infrastructure, and driving the market.
The Hydrogen Recirculation Pumps market is studied for the following countries:
For Europe region, United Kingdom and Germany are known to be the major markets for the hydrogen recirculation pumps. Since, Germany is known to be one of the major automotive producers across the globe and widely recognized for technical advancements in the country which paves the way for hydrogen recirculation pumps market to grow further at a rapid pace. Moreover, UK has been actively focusing upon net zero emission due to which there is a huge opportunity for the hydrogen recirculation pumps market to grow in the country. Moreover, with growing manufacturing industry in France, and increasing demand for passenger vehicles, the market for hydrogen recirculation pumps has been growing in the country at a rapid pace.
Axiom MRC provides a 360-degree analysis of micro and macro-economic factors with regard to the Hydrogen Recirculation Pumps market. The report studied an exclusive COVID-19 impact analysis. In addition, the report also studied a complete analysis of changes in the Hydrogen Recirculation Pumps market, expenditure, and economic and international policies on the supply and demand side. The report also studies the impact of pandemic on economies, international trade, business investments, GDP, and marketing strategies of key players present in the market. COVID-19 had a negative impact on the Hydrogen Recirculation Pumps market. Coronavirus lockdowns and other restrictions in 2020 had an unprecedented impact on car sales across Europe, according to a report issued by the European Automobile Manufacturers Association (ACEA), new car registrations in Europe plunged by 23.7% as compared to year 2019, or around 3 million vehicles in the year 2020. Moreover, sale of automotive in Spain was down by 32.3%, Italy by 28%, France by 25% lower and Germany faced around 19% drop in sales. Thus, decreased sale of automotive during the pandemic has also made a negative impact upon the sale of hydrogen recirculation pumps market.
The competitive landscape analysis of the Hydrogen Recirculation Pumps is majorly focused on expanding the growth of Hydrogen Recirculation Pumps market with new product innovation, business expansion, and the increasing presence of a range of manufacturers operating in Hydrogen Recirculation Pumps market has led to the growing demand for the market. Besides, the market offers a range of products in different applications to fulfil the requirements of consumers, which is further contributing to healthy growth in the market.
January 2021: The Rheinmetall Group continues to broaden its global technical lead in the field of fuel cell and electrification technology. Via its subsidiary Pierburg GmbH of Neuss, Germany, the company is planning to supply hydrogen recirculation blowers to Daimler Truck Fuel Cell GmbH & Co. KG, the company which bundles all of Daimler AG’s activities in the field of fuel cell technology.
The study of Hydrogen recirculation pump market consists of different market segments like type, application and geography. On the basis of type, the market is consisting Claw, Root and Scroll. Based on application, the market is consisting among passenger and commercial vehicles. Based on country, the market is studied across United Kingdom, Germany, Spain, France, Italy and Rest of the Europe. Among these countries, United States holds the major share during the forecast period.
|Market Sizing for Year:||2019-2028|
|Market Segment studied:|
|Market Players and its Competitors:|
Busch Vacuum Solutions (United States)
Ogura Industrial Corp (United States)
Robert Bosch GmbH (Germany)
Techno Takatsuki Co (Japan)
Toyota Industries (Japan)
KNF Group (Germany)
Air Squared (United States)
Barber-Nichols (United States)
Fujian Snowman (China)
Yantai Dongde (China)Shanghai Hanbell Precise (China)
What are the drivers for the Hydrogen Recirculation Pumps market?
Rising adoption of fuel cell systems in commercial vehicles will lead to the market growth.
Which is the leading application for the Hydrogen Recirculation Pumps?
Passenger vehicles has accounted for the major market share and is expected to witness growth at the highest pace during the forecast period.
Which country is gaining the majority of market share during the forecast period (2022-2028)?
Germany is expected to gain major market share during the forecast period (2022-2028).