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Global Hydrogen Fueling Station Market Outlook 2032: Global Opportunity and Demand Analysis, Market Forecast To 2032
- Published :
Report ID: EP0011
Pages: 152
Base Year: 2023
Format: PDF
Historical Date: 2019-2022
Market Research Report
Summary At A Glance
Description
Table of Contents
List Of Tables
List Of Figures
Research Methodology
Description
MARKET SCOPE:
The global Hydrogen Fueling Station market is projected to grow significantly, and registering a CAGR of 18.02 % during the forecast period (2024 – 2032).
A hydrogen fueling station is a specialized infrastructure facility designed to dispense hydrogen fuel to fuel cell vehicles (FCVs) and other hydrogen-powered applications. The increasing adoption of FCEVs, particularly in the automotive sector, is a key driver for the demand for hydrogen fueling stations. These stations provide a convenient and efficient means for refueling hydrogen-powered vehicles, allowing them to travel extended distances with zero-emission capabilities. Also, the increasing availability and adoption of hydrogen fuel cell vehicles drive the demand for hydrogen fueling stations. As automakers introduce more hydrogen-powered models, the need for accessible and reliable fueling infrastructure grows along with the supportive government policies, incentives, and funding for the development of hydrogen infrastructure can stimulate the demand for fueling stations. Supportive policies, incentives, and government funding encourage the development and deployment of hydrogen fueling infrastructure. Many governments around the world are promoting hydrogen as part of their clean energy and transportation strategies.
MARKET OVERVIEW:
Driver: Advancements in high-pressure dispensing is driving the market growth.
High-pressure dispensing allows for fast-filling of hydrogen tanks, like the time it takes to refuel conventional gasoline vehicles. This enhances the convenience for users and supports the broader adoption of hydrogen fuel cell vehicles. Liquid hydrogen has a higher energy density than gaseous hydrogen, allowing for more efficient storage and transportation. Liquid dispensing can be particularly advantageous for fueling heavy-duty vehicles and supporting longer driving ranges. Also, the automated dispensing enhances precision, reduces human error, and ensures consistent fueling experiences. It also supports 24/7 operation and can contribute to increased reliability and safety. Moreover, safety is a critical aspect of hydrogen fueling which is maintained in the high – pressure dispensing for better output. Innovations in safety features, such as automatic shut-off in case of emergencies or anomalies, contribute to the overall reliability and trustworthiness of hydrogen dispensing.
Opportunities: Growing demand for green hydrogen production is expected to grow more opportunities in the upcoming years.
Green hydrogen production contributes to environmental sustainability by producing hydrogen without the release of greenhouse gases. This aligns with the global push for cleaner and more sustainable energy solutions to combat climate change. Environmentally conscious consumers are increasingly choosing products and services that align with their values. Hydrogen fueling stations offering green hydrogen provide an eco-friendly option for consumers who prioritize sustainability in their transportation choices. Industries and companies with a commitment to corporate social responsibility are seeking ways to reduce their carbon footprint. Adopting green hydrogen as a fuel source for vehicles and industrial processes allows them to contribute to sustainability goals.
COVID IMPACT:
The COVID – 19 impacts on the Hydrogen Fueling Station market were seen on various fronts that include the major vertical is the components sector. Like many industries, the hydrogen sector may have experienced disruptions in the supply chain. Delays in the production and transportation of hydrogen-related components, such as electrolyzes and compression equipment, could have affected the deployment of new fueling stations. Economic uncertainties during the pandemic may have led to a slowdown in infrastructure investments, including those related to hydrogen fueling stations. Funding constraints and a focus on immediate priorities could have impacted the development of new stations. The overall decrease in travel and transportation during lockdowns and travel restrictions could have temporarily reduced the demand for hydrogen fueling. With fewer vehicles on the road, there might have been a decrease in the utilization of existing fueling stations. Government priorities shifted during the pandemic, with a focus on public health and economic recovery. This could have influenced government policies and funding priorities related to hydrogen infrastructure projects, including the construction of new fueling stations.
SEGMENTATION ANALYSIS:
The mid – sized stations is anticipated to grow significantly during the forecast period
Innovations in mid-size hydrogen fueling stations often involve modular and scalable designs. This allows for flexibility in expanding station capacity based on demand while minimizing initial infrastructure costs. Innovations focus on optimizing the physical footprint of mid-size stations to make them suitable for locations with space constraints. Compact designs help integrate hydrogen infrastructure into urban areas and existing fueling station networks. Mid-size stations aim to achieve cost efficiencies through innovative engineering and construction methods. This may involve the use of standardized components, prefabricated structures, and efficient land use to reduce overall project costs. Innovations in dispensing technologies include the use of high-pressure and liquid hydrogen dispensers. High-pressure dispensers provide a fast-fill option, while liquid hydrogen dispensers offer a high-density storage solution, catering to different user preferences and vehicle types.
REGIONAL ANALYSIS:
The Asia Pacific region is set to witness significant growth during the forecast period.
The Asia Pacific region, with its commitment to reducing carbon emissions and transitioning to renewable energy sources, has witnessed various advancements in hydrogen infrastructure, particularly in the development of hydrogen fueling stations. Several countries in the Asia Pacific, including Japan and South Korea, have announced ambitious hydrogen strategies and investments to build a hydrogen-based economy. These initiatives often include the development of hydrogen fueling infrastructure, including stations for fuel cell vehicles (FCVs). The government is actively promoting the deployment of fuel cell vehicles and expanding the network of hydrogen fueling stations. Some regions are actively working on creating “hydrogen corridors” or networks of hydrogen fueling stations along key transportation routes. This approach aims to provide convenient access to hydrogen refueling for FCV users, supporting the adoption of hydrogen-powered vehicles. The growth in the number of fuel cell vehicles on the roads in the Asia Pacific has driven the need for an expanded hydrogen fueling infrastructure. Automakers, particularly in Japan and South Korea, have been actively deploying fuel cell vehicles, contributing to the demand for hydrogen stations. China has set ambitious targets for developing a hydrogen economy and has been investing in hydrogen production, distribution, and fueling infrastructure. Also, Australia is investing in the production of renewable hydrogen, and the development of hydrogen fueling infrastructure is aligned with the country’s efforts to become a major player in the global hydrogen market.
COMPETITIVE ANALYSIS
The global Hydrogen Fueling Station market is reasonably competitive with mergers, acquisitions, and launches. See some of the major key players in the market.
- Air Liquide
- The first high-pressure hydrogen filling station for long-haul vehicles in Europe was opened by Air Liquide & Iveco Group in June of 2023. The two companies’ dedication to the advancement of hydrogen mobility in Europe has advanced with the implementation of this approach.
- Air Products and Chemicals, Inc.
- In May 2023, a deal was made between Air Products and Chemicals, Inc. and Aers Energy België to create a truck refueling station that can accommodate many fuels, including hydrogen. With liquid hydrogen storage, the new station will be the first of its kind in Europe for commercial hydrogen refueling. Along with the other liquid hydrogen refueling stations Air Products is creating across Europe, this one will be constructed and run by the firm.
- Ballard Power Systems
- Black and Veatch Holding Company
- China Petrochemical Corporation, Cummins Inc.
- FirstElement Fuel, Inc.
- FuelCell Energy, Inc.
- H2ENERGY Solutions LTD
- ITM Power PLC
- NEL ASA
- Nuvera Fuel Cells, LLC
- PDC Machines Inc.
- Shell
- Linde PLC
- Total Energies
- TrueZero
Scope of the Report
- By Station Size
- Small Stations
- Mid – Sized Stations
- Large Stations
- By Pressure
- High – Pressure
- Low – Pressure
- By Solution
- Engineering Procurement and Construction
- Components
- By Region
- North America (the United States & Canada)
- Europe (Germany, UK, France, Spain, Italy, and the Rest of Europe)
- Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa, Latin America, and Rest of The World)
Keys reasons to purchasing this report
- It provides a technological development map over time to understand the industry’s growth rate and indicates how the Hydrogen Fueling Station market is evolving.
- The report offers a dynamic method to various factors that drive or restrain the growth of the market and specifies which Hydrogen Fueling Station submarket will be the main driver of the overall market from 2024 to 2032.
- It renders a definite analysis of changing competitive dynamics and stipulates the leading players and what are their prospects over the forecast period.
- It builds a nine-year estimate based on how the market is predicted to grow and shows what will market shares of the global region change by 2032 and which country will lead the market in 2032.
Table of Contents
- Executive Summary
- Market Snapshot
- Regional Analysis
- Segment Analysis
- Overview and scope
- Market Vision
- Market Definition
- Market Segmentation
- Market Vision
- Global Hydrogen Fueling Station Market Overview By Region: 2019 VS 2023 VS 2032
- Global Hydrogen Fueling Station Market Size by Regions (2019-2023) (USD Million)
- North America Hydrogen Fueling Station Market Size by Country (2019-2023) (USD Million)
- Europe Hydrogen Fueling Station Market Size by Country (2019-2023) (USD Million)
- Asia Pacific America Hydrogen Fueling Station Market Size by Country (2019-2023) (USD Million)
- Rest of the World Hydrogen Fueling Station Market Size by Country (2019-2023) (USD Million)
- Global Hydrogen Fueling Station Market Size by Regions (2024-2032) (USD Million)
- North America Hydrogen Fueling Station Market Size by Country (2024-2032) (USD Million)
- Europe Hydrogen Fueling Station Market Size by Country (2024-2032) (USD Million)
- Asia Pacific Hydrogen Fueling Station Market Size by Country (2024-2032) (USD Million)
- Rest of the World Hydrogen Fueling Station Market Size by Country (2024-2032) (USD Million)
- Global Hydrogen Fueling Station Market Size by Regions (2019-2023) (USD Million)
- Global Hydrogen Fueling Station Market Dynamics
- Market Overview
- Market Drivers
- Market Restraints/ Challenges Analysis
- Market Opportunities
- PESTLE Analysis
- Porter’s Five Forces Model
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- The threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Value Chain Analysis/Supply Chain Analysis
- COVID-19 Impact Analysis on Global Hydrogen Fueling Station Market
- Market Overview
** In – depth qualitative analysis will be provided in the final report subject to market
- Global Hydrogen Fueling Station Market, By Station Size
- Overview
- Global Hydrogen Fueling Station Market Size By Station Size (2019 – 2032) (USD Million)
- Key Findings for Hydrogen Fueling Station Market – By Station Size
- Small Stations
- Mid – Sized Stations
- Large Stations
- Global Hydrogen Fueling Station Market, By Pressure
- Overview
- Key Findings for Hydrogen Fueling Station Market – By Pressure
- High – Pressure
- Low – Pressure
- Global Hydrogen Fueling Station Market, By Solution
- Overview
- Key Findings for Hydrogen Fueling Station Market – By Solution
- Engineering Procurement and Construction
- Components
- Global Hydrogen Fueling Station Market, By Region
- Key Findings For Hydrogen Fueling Station Market- By Region
- Overview
- Global Hydrogen Fueling Station Market, By Station Size
- Global Hydrogen Fueling Station Market, By Pressure
- Global Hydrogen Fueling Station Market, By Solution
- Global Hydrogen Fueling Station Market- North America
- Overview
- North America Hydrogen Fueling Station Market Size (2019 – 2032) (USD Million)
- North America Hydrogen Fueling Station Market, By Station Size
- North America Hydrogen Fueling Station Market, By Pressure
- North America Hydrogen Fueling Station Market, By Solution
- North America Hydrogen Fueling Station Market Size by Countries
- United States
- Canada
- Global Hydrogen Fueling Station Market- Europe
- Overview
- Europe Hydrogen Fueling Station Market Size (2019 – 2032) (USD Million)
- Europe Hydrogen Fueling Station Market, By Station Size
- Europe Hydrogen Fueling Station Market, By Pressure
- Europe Hydrogen Fueling Station Market, By Solution
- Europe Hydrogen Fueling Station Market Size by Countries
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Global Hydrogen Fueling Station Market – Asia Pacific
- Overview
- Asia Pacific Hydrogen Fueling Station Market Size (2019 – 2032) (USD Million)
- Asia Pacific Hydrogen Fueling Station Market, By Station Size
- Asia Pacific Hydrogen Fueling Station Market, By Pressure
- Asia Pacific Hydrogen Fueling Station Market, By Solution
- Asia Pacific Hydrogen Fueling Station Market Size by Countries
- China
- Japan
- India
- Rest of Asia Pacific
- Global Hydrogen Fueling Station Market- Rest of World
- Overview
- Rest of World Hydrogen Fueling Station Market Size (2019 – 2032) (USD Million)
- Rest of World Hydrogen Fueling Station Market, By Station Size
- Rest of World Hydrogen Fueling Station Market, By Pressure
- Rest of World Hydrogen Fueling Station Market, By Solution
- Rest of World Hydrogen Fueling Station Market Size by Regions
- Middle East & Africa
- Latin America
- Rest Of The World
- Global Hydrogen Fueling Station Market- Competitive Landscape
- Key Strategies Adopted by the Leading Players
- Recent Developments
- Investments & Expansions
- New End-User Launches
- Mergers & Acquisitions
- Agreements, Joint Ventures, and Partnerships
- Global Hydrogen Fueling Station Market- Company Profiles
- Air Liquide
- Company Overview
- Financial Overview
- Station Size Offered
- Key Developments
- Ballard Power Systems
- Black and Veatch Holding Company
- China Petrochemical Corporation, Cummins Inc.
- FirstElement Fuel, Inc.
- FuelCell Energy, Inc.
- H2ENERGY Solutions LTD
- ITM Power PLC
- NEL ASA
- Nuvera Fuel Cells, LLC
- PDC Machines Inc.
- Shell
- Linde PLC
- Total Energies
- TrueZero
- Air Liquide
- Our Research Methodology
- Data Triangulation
- Data Sources
- Secondary Sources
- Primary Sources
- Assumptions/ Limitations For The Study
- Research & Forecasting Methodology
- Appendix
- Disclaimer
- Contact Us
List Of Tables
- Global Hydrogen Fueling Station Historic Market Size By Regions (2019 – 2023) (USD Million)
- Global Hydrogen Fueling Station Forecasted Market Size By Regions (2024-2032) (USD Million)
- Global Hydrogen Fueling Station Market- Drivers
- Global Hydrogen Fueling Station Market- Restraint /Challenges
- Global Hydrogen Fueling Station Market- Opportunity Analysis
- Global Hydrogen Fueling Station Market Size By Station Size (2019 – 2032) (USD Million)
- Global Hydrogen Fueling Station Market Size By Small Stations (2019 – 2032) (USD Million)
- Global Hydrogen Fueling Station Market Size By Mid – Sized Stations (2019 – 2032) (USD Million)
- Global Hydrogen Fueling Station Market Size By Large Stations (2019 – 2032) (USD Million)
- Global Hydrogen Fueling Station Market Size By Pressure (2019 – 2032) (USD Million)
- Global Hydrogen Fueling Station Market Size By High – Pressure (2019 – 2032) (USD Million)
- Global Hydrogen Fueling Station Market Size By Low – Pressure (2019 – 2032) (USD Million)
- Global Hydrogen Fueling Station Market Size By Solution (2019 – 2032) (USD Million)
- Global Hydrogen Fueling Station Market Size By Engineering Procurement and Construction (2019 – 2032) (USD Million)
- Global Hydrogen Fueling Station Market Size By Components (2019 – 2032) (USD Million)
- North America Hydrogen Fueling Station Market Size By Station Size (2019 – 2032) (USD Million)
- North America Hydrogen Fueling Station Market Size By Small Stations (2019 – 2032) (USD Million)
- North America Hydrogen Fueling Station Market Size By Mid – Sized Stations (2019 – 2032) (USD Million)
- North America Hydrogen Fueling Station Market Size By Large Stations (2019 – 2032) (USD Million)
- North America Hydrogen Fueling Station Market Size By Pressure (2019 – 2032) (USD Million)
- North America Hydrogen Fueling Station Market Size By High – Pressure (2019 – 2032) (USD Million)
- North America Hydrogen Fueling Station Market Size By Low – Pressure (2019 – 2032) (USD Million)
- North America Hydrogen Fueling Station Market Size By Solution (2019 – 2032) (USD Million)
- North America Hydrogen Fueling Station Market Size By Engineering Procurement and Construction (2019 – 2032) (USD Million)
- North America Hydrogen Fueling Station Market Size By Components (2019 – 2032) (USD Million)
- Europe Hydrogen Fueling Station Market Size By Station Size (2019 – 2032) (USD Million)
- Europe Hydrogen Fueling Station Market Size By Small Stations (2019 – 2032) (USD Million)
- Europe Hydrogen Fueling Station Market Size By Mid – Sized Stations (2019 – 2032) (USD Million)
- Europe Hydrogen Fueling Station Market Size By Large Stations (2019 – 2032) (USD Million)
- Europe Hydrogen Fueling Station Market Size By Pressure (2019 – 2032) (USD Million)
- Europe Hydrogen Fueling Station Market Size By High – Pressure (2019 – 2032) (USD Million)
- Europe Hydrogen Fueling Station Market Size By Low – Pressure (2019 – 2032) (USD Million)
- Europe Hydrogen Fueling Station Market Size By Solution (2019 – 2032) (USD Million)
- Europe Hydrogen Fueling Station Market Size By Engineering Procurement and Construction (2019 – 2032) (USD Million)
- Europe Hydrogen Fueling Station Market Size By Components (2019 – 2032) (USD Million)
- Asia Pacific Hydrogen Fueling Station Market Size By Station Size (2019 – 2032) (USD Million)
- Asia Pacific Hydrogen Fueling Station Market Size By Small Stations (2019 – 2032) (USD Million)
- Asia Pacific Hydrogen Fueling Station Market Size By Mid – Sized Stations (2019 – 2032) (USD Million)
- Asia Pacific Hydrogen Fueling Station Market Size By Large Stations (2019 – 2032) (USD Million)
- Asia Pacific Hydrogen Fueling Station Market Size By Pressure (2019 – 2032) (USD Million)
- Asia Pacific Hydrogen Fueling Station Market Size By High – Pressure (2019 – 2032) (USD Million)
- Asia Pacific Hydrogen Fueling Station Market Size By Low – Pressure (2019 – 2032) (USD Million)
- Asia Pacific Hydrogen Fueling Station Market Size By Solution (2019 – 2032) (USD Million)
- Asia Pacific Hydrogen Fueling Station Market Size By Engineering Procurement and Construction (2019 – 2032) (USD Million)
- Asia Pacific Hydrogen Fueling Station Market Size By Components (2019 – 2032) (USD Million)
- Rest of World Hydrogen Fueling Station Market Size By Station Size (2019 – 2032) (USD Million)
- Rest of World Hydrogen Fueling Station Market Size By Small Stations (2019 – 2032) (USD Million)
- Rest of World Hydrogen Fueling Station Market Size By Mid – Sized Stations (2019 – 2032) (USD Million)
- Rest of World Hydrogen Fueling Station Market Size By Large Stations (2019 – 2032) (USD Million)
- Rest of World Hydrogen Fueling Station Market Size By Pressure (2019 – 2032) (USD Million)
- Rest of World Hydrogen Fueling Station Market Size By High – Pressure (2019 – 2032) (USD Million)
- Rest of World Hydrogen Fueling Station Market Size By Low – Pressure (2019 – 2032) (USD Million)
- Rest of World Hydrogen Fueling Station Market Size By Solution (2019 – 2032) (USD Million)
- Rest of World Hydrogen Fueling Station Market Size By Engineering Procurement and Construction (2019 – 2032) (USD Million)
- Rest of World Hydrogen Fueling Station Market Size By Components (2019 – 2032) (USD Million)
- Data Triangulation
List Of Figures
- Market Highlights
- Market Highlights By Region
- Global Hydrogen Fueling Station Market Size By Station Size: 2019 VS 2032
- Global Hydrogen Fueling Station Market Size by Pressure: 2019 VS 2032
- Global Hydrogen Fueling Station Market Size by Solution: 2019 VS 2032
- Global Hydrogen Fueling Station Market Size By Station Size (2019 – 2032) (USD Million)
- Global Hydrogen Fueling Station By Small Stations (USD Million 2019 – 2032)
- Global Hydrogen Fueling Station By Mid – Sized Stations (USD Million 2019 – 2032)
- Global Hydrogen Fueling Station By Large Stations (USD Million 2019 – 2032)
- Global Hydrogen Fueling Station Market Size By Pressure (2019 – 2032) (USD Million)
- Global Hydrogen Fueling Station By High – Pressure (USD Million 2019 – 2032)
- Global Hydrogen Fueling Station By Low – Pressure (USD Million 2019 – 2032)
- Global Hydrogen Fueling Station Market Size By Solution (2019 – 2032) (USD Million)
- Global Hydrogen Fueling Station By Engineering Procurement and Construction (USD Million 2019 – 2032)
- Global Hydrogen Fueling Station By Components (USD Million 2019 – 2032)
- North America Hydrogen Fueling Station Market Size (2019 – 2032) (USD Million)
- North America Hydrogen Fueling Station By United States Revenue (USD Million) (2019 – 2032)
- North America Hydrogen Fueling Station By Canada Revenue (USD Million 2019 – 2032)
- Europe Hydrogen Fueling Station Market Size (2019 – 2032) (USD Million)
- Europe Hydrogen Fueling Station By United Kingdom Revenue (USD Million) (2019 – 2032)
- Europe Hydrogen Fueling Station By Germany Revenue (USD Million 2019 – 2032)
- Europe Hydrogen Fueling Station By France Revenue (USD Million 2019 – 2032)
- Europe Hydrogen Fueling Station By Italy Revenue (USD Million 2019 – 2032)
- Europe Hydrogen Fueling Station By Spain Revenue (USD Million 2019 – 2032)
- Europe Hydrogen Fueling Station By Rest Of Europe Revenue (USD Million 2019 – 2032)
- Asia Pacific Hydrogen Fueling Station Market Size (2019 – 2032) (USD Million)
- Asia Pacific Hydrogen Fueling Station By China Revenue (USD Million) (2019 – 2032)
- Asia Pacific Hydrogen Fueling Station By Japan Revenue (USD Million 2019 – 2032)
- Asia Pacific Hydrogen Fueling Station By India Revenue (USD Million 2019 – 2032)
- Asia Pacific Hydrogen Fueling Station By Rest Of APAC Revenue (USD Million 2019 – 2032)
- Rest Of World Hydrogen Fueling Station Market Size (2019 – 2032) (USD Million)
- Rest of World Hydrogen Fueling Station By the Middle East & Africa Revenue (USD Million) ( 2019 – 2032)
- Rest of World Hydrogen Fueling Station By Latin America Revenue (USD Million 2019 – 2032)
- Rest of World Hydrogen Fueling Station By Rest Of The World Revenue (USD Million 2019 – 2032)
- Key Strategies Adopted By The Leading Players
- Secondary Sources
- Primary Research
- Global Hydrogen Fueling Station Market – Research Methodology
Research Methodology
Primary and Secondary Research
In order to understand the market in detail we conduct primary and secondary research. We collect as much information as we can from the market experts through primary research. We contact the experts from both demand and supply side and conduct interviews to understand the actual market scenario. In secondary research, we study and gather the data from various secondary sources such as company annual reports, press releases, whitepapers, paid databases, journals, and many other online sources. With the help of the primary interviews, we validate the data collected from secondary sources and get a deep understanding on the subject matter. Post this our team uses statistical tools to analyses the data to arrive at a conclusion and draft it in presentable manner.
Market Size Estimations
Understanding and presenting the data collected is a crucial task. Market sizing is a critical part of the data analysis and this task is performed by using Top-down and bottom-up approaches. In this process, we place different data points, market information and industry trends at a suitable space. This placement helps us presume the estimated & forecast values for coming few years. We use several mathematical and statistical models to estimate the market sizes of different countries and segments. Each of this is further added up to outline the total market. These approaches are individually done on regional/country and segment level.
Data Triangulation
As we arrive at the total market sizes, the market is again broken down into segments and subsegments. This process is called as data triangulation and is implementable wherever applicable. This step not only helps us conclude the overall market engineering process, but also gives an assurance on accuracy of the data generated. The data is triangulated based on studying the market trends, various growth factors, and aspects of both demand and supply side.
