Hydrogen Compressor Market Expected to Hit USD 3.6 billion by 2031, Rising a 5.8 % CAGR - Transparency Market Research, Inc. [Yahoo! Finance]
Ingersoll Rand Inc. (IR)
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Source: Yahoo! Finance
To achieve this, cleaner energy resources are supposed to be exploited. Wilmington, Delaware, United States, Transparency Market Research Inc. -, Oct. 25, 2024 (GLOBE NEWSWIRE) -- The global hydrogen compressor market (?? ??? ??) valuation 2022 was about US$ 2.2 billion. The subject market is forecasted to grow to a US$ 3.6 billion valuation by 2031. This market advancement is subjected to a CAGR of 5.8% between the estimated periods. However, it needs to be noted that various market forces are influential in driving the subject market. The automobile market has been exploring new horizons by constructing fuel cell-supporting vehicles. Hydrogen compressors are integral parts of fuel cells used to refuel at fuel stations. Consequently, this rise in the allied market helps the subject market grow substantially. Due to excellent high compression ratios, reciprocating compressors are preferred more in the compressor industry. This helps these compressors to compress hydrogen at a hi
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- Ingersoll Rand Inc. (NYSE: IR) was downgraded by analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating. They now have a $107.00 price target on the stock, down previously from $112.00.MarketBeat
- Ingersoll Rand Inc. (NYSE: IR) is now covered by analysts at UBS Group AG. They set a "buy" rating and a $124.00 price target on the stock.MarketBeat
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