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Global Hydrogen Circulation Pump Market Projected to Reach 513 Million USD in 2027 with CAGR of 53.56%

Author: QYResearch  |   Published Date: 2021-12-08   |   Views: 46



The Hydrogen Circulation Pump is among the most important components of a fuel cell system. Its efficiency, performance and very low noise and vibration are vital in the operation of a fuel cell. The dimensions are also important as they affect the size and weight of the fuel cell.

 

At present, the hydrogen circulation system has two products: ejector and hydrogen circulation pump. The hydrogen circulation pump has certain advantages in terms of active adjustment, fast response speed and wide working range. On the whole, hydrogen circulation pumps are the mainstream, and the use of ejectors is gradually increasing. In terms of technical routes, hydrogen circulation pumps present a situation where “claw-type applications are the mainstay and multiple technical routes coexist”.

 

For the hydrogen circulation pump, it is necessary to have a good sealing design (hydrogen is easy to leak), strong water resistance (the remaining hydrogen after the reactor reaction contains a small amount of water vapor), a large flow rate (suitable for high-power reactors), and pressure output It is stable (from low pressure to high pressure), oil-free (to ensure hydrogen purity), etc. The technical difficulty is much higher than that of traditional gas circulation pumps.

 

The growth of the Hydrogen Circulation Pump market mainly comes from the transportation field, from the large-scale promotion and use of hydrogen fuel cell vehicles. Cost reduction, performance enhancement, and application expansion have become industrial and technological goals. By strengthening basic technology, application research and development, demonstration project verification, formulating relevant strategic norms and standards, reducing the cost of the entire industry chain, eliminating industry development barriers, converging multiple hydrogen energy supplies, exploring new hydrogen energy applications, and developing hydrogen energy comprehensive application systems. The main future directions of industry and technology.

 

In 2021, the global Hydrogen Circulation Pump market has reached 29.45 million USD and is expected to reach 513.03 million USD in 2027, with a compound annual growth rate (CAGR) of 53.56%.

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