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Hydrogen Fueling Station Market

Hydrogen Fueling Station Market Size, Share & Trends Analysis Report By End-Users (Passenger Cars, Commercial Vehicles, Others (Marine, Rail)), By Station Size (Small-Size Stations, Mid-Size Stations, Large Stations), By Station Type (Fixed Hydrogen Station, Mobile Hydrogen Station), By Supply Type, By Solution, By Pressure, By Region, And By Segment Forecasts, 2023-2031.

Report ID : 2234 | Published : 2023-11-28 | Pages: 180 | Format: PDF/EXCEL

Hydrogen Fueling Station Market Size is valued at USD 634.63 Mn in 2022 and is predicted to reach USD 3.97 Bn by the year 2031 at a 22.85% CAGR during the forecast period for 2023-2031.

Hydrogen Fueling Station Market

A hydrogen fuelling station is where hydrogen gas is dispensed for fuel in hydrogen-powered cars. These stations are an important part of the infrastructure required to widely adopt hydrogen fuel cell vehicles (FCVs). There are numerous types of hydrogen filling stations, and they serve an important role in enabling a clean and sustainable transportation system. Several factors contribute to the development and expansion of the hydrogen fueling station market. These factors are critical in establishing the landscape for hydrogen infrastructure and promoting hydrogen fuel cell car uptake. Government policies, incentives, and laws that encourage the development of hydrogen fuelling infrastructure are critical. To stimulate private investment in the construction and operation of hydrogen filling stations, governments may offer grants, tax credits, or subsidies.

However, the COVID-19 pandemic has already caused disruptions across various industries, including the energy and transportation sectors. The pandemic caused interruptions in worldwide supply chains, disrupting the fabrication and distribution of hydrogen filling station components. Delays in the supply chain could have hampered the development and upkeep of hydrogen infrastructure.

Competitive Landscape

Some Major Key Players In The Hydrogen Fueling Station Market:

  • Air Liquide
  • Nel ASA
  • Linde plc
  • Air Products and Chemicals, Inc.
  • McPhy Energy S.A.
  • Iwatani Corporation
  • Ingersoll Rand
  • Chart Industries
  • H2 Mobility
  • Sera GmbH
  • Powertech Labs Inc.
  • Galileo Technologies S.A.
  • Nikola Corporation
  • Atawey
  • Nanosun Limited
  • PDC Machines
  • Peric Hydrogen Technologies Co., Ltd
  • Others

Market Segmentation:

The Hydrogen Fueling Station Market is segmented on the basis of end-users, station size, station type, supply type, solution, and pressure. The end-user segment is segmented as Passenger Cars, Commercial Vehicles, and Others (Marine, Rail). The station size segment includes Small-Size Stations, Mid-Size Stations, and Large Stations. By station type, the market is segmented into fixed hydrogen stations and mobile hydrogen stations. The supply type segment includes off-site and on-site. According to solutions, the market is segmented into Engineering Procurement and Construction and Components. By pressure, the market is segmented into High-Pressure and Low-Pressure.

Based On Station Type, The Fixed Hydrogen Station Segment Is A Major Contributor To The Hydrogen Fueling Station Market. 

The Fixed Hydrogen Station category is expected to hold a major share of the global Hydrogen Fueling Station Market in 2022. Several main factors are contributing to the increased demand for fixed stations. As the transition to hydrogen-powered vehicles accelerates, there is an increasing demand for dependable and fixed refuelling infrastructure. Fixed stations provide a steady and easily accessible source of hydrogen, allowing a rising user base to be more convenient and accessible. In addition, advances in fixed hydrogen generation technologies, such as on-site electrolysis and pipeline supply, are increasing the viability and sustainability of these stations.

The Commercial Vehicles Segment Witnessed Growth At A Rapid Rate.

The Commercial Vehicles segment is projected to grow at a rapid rate in the global Hydrogen fuel station Market. The demand for hydrogen-powered commercial cars is increasing significantly, thanks to a number of causes. As businesses and transportation sectors seek to minimize their carbon footprint, hydrogen fuel cell technology offers an appealing solution, particularly in areas with stringent operational requirements. These vehicles offer a feasible alternative to traditional internal combustion engines, particularly for heavy-duty applications such as trucks, buses, and commercial fleets.

In The Region, The Asia Pacific Hydrogen Fueling Station Market Holds A Significant Revenue Share.

Asia Pacific Hydrogen Fueling Station Market is expected to record the maximum market share in revenue in the near future. The region's demand for hydrogen fueling stations has been continuously increasing owing to a number of critical variables. Concerns about climate change and the need to minimize greenhouse gas emissions have heightened interest in cleaner energy options, such as hydrogen. As a result, governments, industry stakeholders, and consumers are becoming more interested in encouraging the development of a strong hydrogen infrastructure. Additionally, advancements in hydrogen production technologies, particularly in the field of electrolysis and renewable hydrogen production, are bolstering confidence in the viability of hydrogen as a clean energy carrier.

Moreover, Europe is likely to grow at a significant rate. The need for hydrogen fuelling stations in Europe has increased significantly, owing to a number of critical considerations. The continent's aggressive climate targets, as well as the need to decarbonize key sectors, particularly transportation, have pushed governments, industry, and consumers towards cleaner energy options.                 

Recent Developments:

  • In Aug 2023, Nikola Corporation, a prominent player in the global market for battery-electric and hydrogen fuel-cell electric cars (FCEV), as well as energy solutions, has just obtained an extra $16.3 million grant to support the financing of its hydrogen fuelling stations. Nikola acquired $58.2 million from the recent funding to bolster its hydrogen infrastructure. 
  • In June 2023, Air Liquide and Iveco Group restated their dedication to hydrogen as they marked the opening of Europe's inaugural high-pressure hydrogen station for long-haul vehicles.

Hydrogen Fueling Station Market Report Scope

Report Attribute

Specifications

Market Size Value In 2022

USD 634.63 Mn

Revenue Forecast In 2031

USD 3.97 Bn

Growth Rate CAGR

CAGR of 22.85% from 2023 to 2031

Quantitative Units

Representation of revenue in US$ Bn, Volume (Units) and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

By End-Users, By Supply Type, By Solution, By Pressure

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea

Competitive Landscape

Air Liquide, Nel ASA, Linde plc, Air Products and Chemicals, Inc., McPhy Energy S.A., Iwatani Corporation, Ingersoll Rand, Chart Industries, H2 MOBILITY, Sera GmbH, Powertech Labs Inc., Galileo Technologies S.A., Nikola Corporation, Atawey, Nanosun Limited, PDC Machines, Peric Hydrogen Technologies Co., Ltd and others.

Customization Scope

Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing And Available Payment Methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Hydrogen Fueling Station Market Snapshot

Chapter 4. Global Hydrogen Fueling Station Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Station Size Estimates & Trend Analysis

5.1. By Station Size, & Market Share, 2020 & 2031

5.2. Market Size (Value US$ Mn & Volume (Units)) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Station Size:

5.2.1. Small-Size Stations

5.2.2. Mid-Size Stations

5.2.3. Large Stations

Chapter 6. Market Segmentation 2: By Station Type Estimates & Trend Analysis

6.1. By Station Type & Market Share, 2020 & 2031

6.2. Market Size (Value US$ Mn & Volume (Units)) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Station Type:

6.2.1. Fixed Hydrogen Station

6.2.2. Mobile Hydrogen Station

Chapter 7. Market Segmentation 3: By Supply Type Estimates & Trend Analysis

7.1. By Supply Type & Market Share, 2020 & 2031

7.2. Market Size (Value US$ Mn & Volume (Units)) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Supply Type:

7.2.1. Off Site

7.2.2. On Site

Chapter 8. Market Segmentation 4: By Solution Estimates & Trend Analysis

8.1. By Solution & Market Share, 2020 & 2031

8.2. Market Size (Value US$ Mn & Volume (Units)) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Solution:

8.2.1. Engineering Procurement and Construction

8.2.2. Components

Chapter 9. Market Segmentation 5: By End User Estimates & Trend Analysis

9.1. By End User & Market Share, 2020 & 2031

9.2. Market Size (Value US$ Mn & Volume (Units)) & Forecasts and Trend Analyses, 2020 to 2031 for the following By End User:

9.2.1. Passenger Cars

9.2.2. Commercial Vehicles

9.2.3. Others (Marine, Rail)

Chapter 10. Market Segmentation 6: By Pressure Estimates & Trend Analysis

10.1. By Pressure & Market Share, 2020 & 2031

10.2. Market Size (Value US$ Mn & Volume (Units)) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Pressure:

10.2.1. High-Pressure

10.2.2. Low-Pressure

Chapter 11. Hydrogen Fueling Station Market Segmentation 7: Regional Estimates & Trend Analysis

11.1. North America

11.1.1. North America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Station Size, 2019-2031

11.1.2. North America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Station Type, 2019-2031

11.1.3. North America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Supply Type, 2019-2031

11.1.4. North America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Solution, 2019-2031

11.1.5. North America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By End User, 2019-2031

11.1.6. North America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Pressure, 2019-2031

11.1.7. North America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts by country, 2019-2031

11.2. Europe

11.2.1. Europe Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By Station Size, 2019-2031

11.2.2. Europe Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By Station Type, 2019-2031

11.2.3. Europe Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By Supply Type, 2019-2031

11.2.4. Europe Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By Solution, 2019-2031

11.2.5. Europe Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By End User, 2019-2031

11.2.6. Europe Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By Pressure, 2019-2031

11.2.7. Europe Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) by country, 2019-2031

11.3. Asia Pacific

11.3.1. Asia Pacific Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By Station Size, 2019-2031

11.3.2. Asia Pacific Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By Station Type, 2019-2031

11.3.3. Asia Pacific Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By Supply Type, 2019-2031

11.3.4. Asia Pacific Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By Solution, 2019-2031

11.3.5. Asia Pacific Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By End User, 2019-2031

11.3.6. Asia Pacific Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By Pressure, 2019-2031

11.3.7. Asia Pacific Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) by country, 2019-2031

11.4. Latin America

11.4.1. Latin America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By Station Size, (US$ Million) 2019-2031

11.4.2. Latin America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By Station Type, (US$ Million) 2019-2031

11.4.3. Latin America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By Supply Type, (US$ Million) 2019-2031

11.4.4. Latin America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By Solution, (US$ Million) 2019-2031

11.4.5. Latin America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By End User, (US$ Million) 2019-2031

11.4.6. Latin America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By Pressure, (US$ Million) 2019-2031

11.4.7. Latin America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) by country, 2019-2031

11.5. Middle East & Africa

11.5.1. Middle East & Africa Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By Station Size, (US$ Million) 2019-2031

11.5.2. Middle East & Africa Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By Station Type, (US$ Million) 2019-2031

11.5.3. Middle East & Africa Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By Supply Type, (US$ Million) 2019-2031

11.5.4. Middle East & Africa Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By Solution, (US$ Million) 2019-2031

11.5.5. Middle East & Africa Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By End User, (US$ Million) 2019-2031

11.5.6. Middle East & Africa Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) By Pressure, (US$ Million) 2019-2031

11.5.7. Middle East & Africa Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) by country, 2019-2031

Chapter 12. Competitive Landscape

12.1. Major Mergers and Acquisitions/Strategic Alliances

12.2. Company Profiles

12.2.1. Air Liquide

12.2.2. Nel ASA

12.2.3. Linde plc

12.2.4. Air Products and Chemicals, Inc.

12.2.5. McPhy Energy S.A.

12.2.6. Iwatani Corporation

12.2.7. Ingersoll Rand

12.2.8. Chart Industries

12.2.9. H2 MOBILITY

12.2.10. Sera GmbH

12.2.11. Powertech Labs Inc.

12.2.12. Galileo Technologies S.A.

12.2.13. Nikola Corporation

12.2.14. Atawey

12.2.15. Nanosun Limited

Segmentation of Hydrogen Fueling Station Market-

Hydrogen Fueling Station Market By End-Users-

  • Passenger Cars
  • Commercial Vehicles
  • Others (Marine, Rail)

Hydrogen Fueling Station Market Seg

Hydrogen Fueling Station Market By Station Size-

  • Small-Size Stations
  • Mid-Size Stations
  • Large Stations

Hydrogen Fueling Station Market By Station Type-

  • Fixed Hydrogen Station
  • Mobile Hydrogen Station

Hydrogen Fueling Station Market By Supply Type-

  • Off-Site
    • Gas
    • Liquid
  • On-Site
    • Electrolysis
    • Steam Methane Reforming

Hydrogen Fueling Station Market By Solution-

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

Hydrogen Fueling Station Market By Pressure-

  • High-Pressure
  • Low-Pressure

Hydrogen Fueling Station Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Hydrogen Fueling Station Market?

Hydrogen Fueling Station Market expected to grow at a 22.85% CAGR during the forecast period for 2023-2031.

Atawey, Nanosun Limited, PDC Machines, Peric Hydrogen Technologies Co., Ltd and others.

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