Hydrogen Fueling Station Market Size is valued at USD 375.00 Mn in 2023 and is predicted to reach USD 1316.63 Mn by the year 2031 at a 17.14% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
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.
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.
The Fixed Hydrogen Station category is expected to hold a major share of the global Hydrogen Fueling Station Market in 2024. 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 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.
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.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 375.00 Mn |
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Revenue Forecast In 2031 |
USD 1316.63 Mn |
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Growth Rate CAGR |
CAGR of 17.14% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn, Volume (Units) and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By End-Users, By Supply Type, By Solution, By Pressure |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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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. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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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, 2023 & 2031
5.2. Market Size (Value US$ Mn & Volume (Units)) & Forecasts and Trend Analyses, 2019 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, 2023 & 2031
6.2. Market Size (Value US$ Mn & Volume (Units)) & Forecasts and Trend Analyses, 2019 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, 2023 & 2031
7.2. Market Size (Value US$ Mn & Volume (Units)) & Forecasts and Trend Analyses, 2019 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, 2023 & 2031
8.2. Market Size (Value US$ Mn & Volume (Units)) & Forecasts and Trend Analyses, 2019 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, 2023 & 2031
9.2. Market Size (Value US$ Mn & Volume (Units)) & Forecasts and Trend Analyses, 2019 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, 2023 & 2031
10.2. Market Size (Value US$ Mn & Volume (Units)) & Forecasts and Trend Analyses, 2019 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, 2024-2031
11.1.2. North America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Station Type, 2024-2031
11.1.3. North America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Supply Type, 2024-2031
11.1.4. North America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Solution, 2024-2031
11.1.5. North America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By End User, 2024-2031
11.1.6. North America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Pressure, 2024-2031
11.1.7. North America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts by country, 2024-2031
11.2. Europe
11.2.1. Europe Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Station Size, 2024-2031
11.2.2. Europe Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Station Type, 2024-2031
11.2.3. Europe Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Supply Type, 2024-2031
11.2.4. Europe Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Solution, 2024-2031
11.2.5. Europe Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By End User, 2024-2031
11.2.6. Europe Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Pressure, 2024-2031
11.2.7. Europe Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts by country, 2024-2031
11.3. Asia Pacific
11.3.1. Asia Pacific Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Station Size, 2024-2031
11.3.2. Asia Pacific Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Station Type, 2024-2031
11.3.3. Asia Pacific Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Supply Type, 2024-2031
11.3.4. Asia Pacific Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Solution, 2024-2031
11.3.5. Asia Pacific Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By End User, 2024-2031
11.3.6. Asia Pacific Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Pressure, 2024-2031
11.3.7. Asia Pacific Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts by country, 2024-2031
11.4. Latin America
11.4.1. Latin America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Station Size, 2024-2031
11.4.2. Latin America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Station Type, 2024-2031
11.4.3. Latin America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Supply Type, 2024-2031
11.4.4. Latin America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Solution, 2024-2031
11.4.5. Latin America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By End User, 2024-2031
11.4.6. Latin America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Pressure, 2024-2031
11.4.7. Latin America Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts by country, 2024-2031
11.5. Middle East & Africa
11.5.1. Middle East & Africa Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Station Size, 2024-2031
11.5.2. Middle East & Africa Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Station Type, 2024-2031
11.5.3. Middle East & Africa Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Supply Type, 2024-2031
11.5.4. Middle East & Africa Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Solution, 2024-2031
11.5.5. Middle East & Africa Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By End User, 2024-2031
11.5.6. Middle East & Africa Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts By Pressure, 2024-2031
11.5.7. Middle East & Africa Hydrogen Fueling Station Market revenue (US$ Million) & Volume (Units) estimates and forecasts by country, 2024-2031
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
Hydrogen Fueling Station Market By End-Users-
Hydrogen Fueling Station Market By Station Size-
Hydrogen Fueling Station Market By Station Type-
Hydrogen Fueling Station Market By Supply Type-
Hydrogen Fueling Station Market By Solution-
Hydrogen Fueling Station Market By Pressure-
Hydrogen Fueling Station Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & 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:
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:
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.
