Hydrogen Fueling Station Market Poised for Rapid Expansion

Global Hydrogen Fueling Station Market Overview

The global hydrogen fueling station market is projected to reach USD 1,129 million by 2030, growing from an estimated USD 380 million in 2023 at a CAGR of 16.8%. This growth is driven by the increasing demand for zero-emission vehicles and strong government support. The on-site supply type is expected to grow the fastest, and Asia Pacific is projected to be the largest market.

Key Market Players

The major players in the hydrogen fueling station market are Air Liquide (France), Air Products and Chemicals, Inc. (US), Linde plc (Ireland), Nel ASA (Norway), and McPhy Energy S.A. (France).

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Key Stakeholders

  • Hydrogen storage tanks and transportation dealers and suppliers
  • Manufacturers of fuel cell electric vehicles
  • Government and research organizations
  • Operators and owners of hydrogen fueling stations
  • Power and energy associations
  • State and national regulatory authorities
  • Research and consulting companies in the clean energy generation sector
  • Organizations, forums, alliances, and associations
  • Industrial authorities and associations

This research report categorizes the hydrogen fueling station market by station size, supply type, pressure, station type, solution and region.

by station size:

  • Small Stations
  • Mid-sized  Stations
  • Large Stations

by supply type:

  • Off-site
    • Gas
    • Liquid
  • On-site
    • Electrolysis
    • Steam Methane Reforming (SMR)

by  pressure:

  • High Pressure
  • Low Pressure

by station type:

  • Fixed Hydrogen Stations
  • Mobile Hydrogen Stations

by solution:

  • Engineering, Procurement and Construction (EPC)
  • Components
    • Hydrogen Inlets
    • Compressors
    • Hydraulic Power Units and Controls
    • Dispensing Chiller Systems
    • Storage Units
    • Dispensers
    • Others

by region:

  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Based on station size, mid-sized stations segment is projected to witness high CAGR segment during the forecast period

This report segments the hydrogen fueling station market based on station size into three segments: small stations, mid-sized stations and large stations. The mid-sized stations segment is expected to be the fastest growing segment during the forecast period. The demand for hydrogen is increasing, driven by an increase in the fueling of public and private fuel cell vehicles. Hence, operators require more capacity to refuel fuel cell vehicles, which results in the expansion of small hydrogen stations to medium-sized hydrogen stations.

Asia Pacific is expected to be the largest region in the hydrogen fueling station market

Asia Pacific is expected to be the largest hydrogen fueling station market during the forecast period. Several countries in the Asia Pacific are planning pilot projects or carrying out full-scale development of electrolyzer based hydrogen fueling station in the region. This has increased investments toward pilot projects, feasibility studies, and new deployments of hydrogen fueling stations in the Asia Pacific, especially in South Korea and Japan. These factors are expected to fuel the growth of the hydrogen fueling station market in the region. Furthermore, rapid adoption of hydrogen powered light duty and heavy duty vehicles across these countries have accelerated the growth of hydrogen fueling station market.

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Objectives of the Study

  • To define, describe, segment, and forecast the hydrogen fueling station market based on station size, supply type, pressure, station type, and solution, in terms of value
  • To describe and forecast the market for various segments with respect to five main regions (along with respective countries), namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa, in terms of value
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges pertaining to the market
  • To provide a detailed overview of the supply chain, patent analysis, indicative pricing analysis and Porter’s five forces in the market
  • To strategically analyze the market with respect to individual growth trends, prospects, and contribution of each segment to the market
  • To analyze market opportunities for stakeholders by identifying high-growth segments and detailing the competitive landscape in the market
  • To strategically profile the key players and comprehensively analyze their market ranking and core competencies*
  • To track and analyze competitive developments such as contracts, acquisitions, collaborations, partnerships, agreements, investments and expansions in the hydrogen fueling station market