Summary

Hydrogen Fueling Station Market Growth & Trends

The global hydrogen fueling station market size is expected to reach USD 3.22 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a compound annual growth rate (CAGR) of 24.5% from 2023 to 2030. The growth is driven by a confluence of factors poised to revolutionize the energy landscape. Increasing global concerns about climate change and the initiatives taken by various governments around the globe to reduce greenhouse gas emissions have catalyzed research for clean and sustainable energy alternatives. Additionally, advancements in hydrogen production technologies, particularly through renewable methods like electrolysis, are significantly enhancing the viability and scalability of hydrogen as an energy carrier.

Moreover, the rising adoption of fuel cell electric vehicles (FCEVs) in the automotive sector, fueled by efforts to meet strict emission standards and achieve decarbonization targets, is also driving the demand for hydrogen fueling infrastructure. Government policies and incentives, ranging from grants to tax credits and regulatory mandates, are further encouraging investment in hydrogen refueling infrastructure, creating a supportive policy framework for market growth. Furthermore, collaborations and partnerships between governments, industry stakeholders, and research institutions are fostering innovation, driving down costs, and accelerating the deployment of hydrogen fueling stations, thereby solidifying its position as a pivotal player in the transition towards a sustainable energy future.

Hydrogen refueling stations are mainly utilized by the transportation industry. In the transportation sector, the rise of fuel cell electric vehicles (FCEVs) is a key driver, with major automakers investing heavily in hydrogen-powered technology to meet stringent emission standards and achieve carbon neutrality targets. Moreover, industries with high energy requirements, such as manufacturing, are turning to hydrogen as a clean alternative for process heating and power generation.

Hydrogen Fueling Station Market Report Highlights

• Based on size, medium stations emerged as the largest segment with a market share of 56.43% in 2022

• In September 2023, National Thermal Power Corporation, an Indian Public Sector Undertaking under the ownership of the Ministry of Power, announced plans to commission India’s first green hydrogen fueling station in Ladakh (India)

• Based on type, the on-site hydrogen station segment accounted for 56.40% share in 2022 owing to the major application in the automotive industry

• Based on mobility, the mobile-hydrogen station segment is projected to grow at a substantial rate throughout the forecast period

• Based on end-use, the commercial vehicles segment accounted for 46.21% share in 2022 owing to various government initiatives for the adoption of green fuels in public transportation

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Table of Contents

Table of Contents

Chapter 1 Research Methodology & Scope
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segment Snapshot
2.3 Segment Snapshot
2.4 Competitive Landscape Snapshot
Chapter 3 Market Variables, Trends, & Scope
3.1 Market Lineage
3.2 Industry Value Chain Analysis
3.3 Technology Overview
3.3.1 Hydrogen Production
3.4 Market Dynamics
3.4.1 Market Driver Impact Analysis
3.4.1.1 Growing Transition towards Renewable Energy
3.4.1.2 Decarbonization of Trasportation Sector
3.4.2 Market Restraint Impact Analysis
3.4.2.1 High Installation Costs
3.4.3 Industry Challenges
3.5 Regulatory Framework
3.5.1 International Code Council (ICC)
3.6 Business Environment Analysis: Hydrogen Fueling Station Market
3.6.1 Industry Analysis - Porter’s
3.6.1.1 Competitive Rivalry
3.6.1.2 Bargaining Power of Supplier
3.6.1.3 Bargaining Power of Buyers
3.6.1.4 Threat of Substitution
3.6.1.5 Threat from New Entrant
3.6.2 PESTEL analysis
3.6.3 Political Landscape
3.6.4 Environmental Landscape
3.6.5 Social Landscape
3.6.6 Technology Landscape
3.6.7 Economic Landscape
3.6.8 Legal Landscape
Chapter 4 Hydrogen Fueling Station Market: Size Estimates & Trend Analysis
4.1 Size Movement Analysis 2018 to 2030 (USD Million)(Units)
4.2 Size Movement Analysis & Market Share, 2022 & 2030
4.2.1 Small Station
4.2.2 Medium Station
4.2.3 Large Station
Chapter 5 Hydrogen Fueling Station Market: Type Estimates & Trend Analysis
5.1 Type Movement Analysis 2018 to 2030 (USD Million)(Units)
5.2 Type Movement Analysis & Market Share, 2022 & 2030
5.2.1 On Site
5.2.2 Off site
Chapter 6 Hydrogen Fueling Station Market: Mobility Estimates & Trend Analysis
6.1 Mobility Movement Analysis 2018 to 2030 (USD Million)(Units)
6.2 Mobility Movement Analysis & Market Share, 2022 & 2030
6.2.1 Fixed Hydrogen Station
6.2.2 Mobile Hydrogen Station
Chapter 7 Hydrogen Fueling Station Market: End-Use Estimates & Trend Analysis
7.1 End-Use Movement Analysis 2018 to 2030 (USD Million)(Units)
7.2 End-Use Movement Analysis & Market Share, 2022 & 2030
7.2.1 Marine
7.2.2 Railways
7.2.3 Commericial Vehicles
7.2.4 Aviation
Chapter 8 Hydrogen Fueling Station Market: Regional Estimates & Trend Analysis
8.1 Hydrogen Fueling Station Market: Regional Outlook
8.2 North America
8.2.1 North America Hydrogen Fueling Station Market estimates & Forecasts, 2018 - 2030 (USD Million)(Units)
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 UK
8.3.4 Spain
8.3.5 Italy
8.3.6 Netherlands
8.3.7 Norway
8.3.8 Denmark
8.4 Asia Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 Australia
8.4.5 South Korea
8.4.6 Singapore
8.4.7 Malaysia
8.5 Central and South America
8.5.1 Brazil
8.5.2 Argentina
8.6 Middle East and Africa
8.6.1 UAE
8.6.2 Saudi Arabia
8.6.3 South Africa
Chapter 9 Hydrogen Fueling Station Market: Competitive Landscape
9.1 Recent Developments & Impact Analysis, by Key Market Participant
9.2 Company Categorization
9.3 Participant’s Overview
9.3.1 Air Liquide
9.3.2 China Petrochemical Corporation
9.3.3 H2ENERGY SOLUTIONS LTD
9.3.4 Cummins Inc.,
9.3.5 Air Products and Chemicals,
9.3.6 FuelCell Energy, Inc.,
9.3.7 ITM Power PLC,
9.3.8 Ballard Power Systems,
9.3.9 NEL ASA
9.3.10 TotalEnergies
9.4 Financial Performance
9.5 Product Benchmarking
9.6 Company Market Positioning
9.7 Company Heat Map Analysis
9.8 Strategy Mapping
9.8.1 expansion
9.8.2 mergers & acquisition
9.8.3 collaborations
9.8.4 new product launches
9.8.5 research & Development
Chapter 10 Research Methodology & Scope
10.1 Market Segmentation
10.2 Market Scope
10.3 Information Procurement
10.3.1 Purchased Database
10.3.2 GVR’s Internal Database
10.3.3 Secondary Sources
10.3.4 Third-Party Perspective
10.3.5 Primary Research
10.4 Information Analysis
10.4.1 Data Analysis Models
10.5 Market Formulation and Data Visualization
10.6 Data Validation and Publishing
10.7 List of Abbreviations