Hydrogen Fueling Station Market Trends

Global Hydrogen Fueling Station Market Overview

Hydrogen Fueling Station Market Size was valued at USD 0.32 Billion in 2022. The Hydrogen Fueling Station market is projected to grow from USD 0.38 Billion in 2023 to USD 1.35 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.30% during the forecast period (2024 - 2032). In order to promote the use of hydrogen fuel cell vehicles and to meet the growing demand for zero-emission vehicles, the government has implemented policies and laws, are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Hydrogen Fueling Station Market Trends

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  Increasing demand for zero-emission vehicles is driving the market growth

  
  

The primary drivers of the growth of the hydrogen fueling station market are the increased demand for zero-emission vehicles as well as government initiatives and legislation designed to promote the adoption of hydrogen fuel cell vehicles. As more countries set goals to reduce their carbon emissions and improve air quality, interest in fuel cell vehicles as possible alternatives to petrol and diesel cars is growing. Customers and legislators alike like vehicles fueled by hydrogen fuel cells since they emit only water and don't create harmful air pollution. Government initiatives including tax incentives, subsidies, and rules that promote the use of zero-emission vehicles are growing the market for hydrogen filling stations. For instance, the adoption of hydrogen fuel cell vehicles is a high objective for countries like Japan, South Korea, Germany, and the United States, and these countries are investing heavily in the development of hydrogen infrastructure.

Governments all over the world are planning hundreds of hydrogen facilities. Based on their anticipated efforts, the major Asian, European, and North American markets might soon host 1,000 hydrogen stations that could accommodate 1 million to 2 million fuel cell vehicles. More than 15% of the world's greenhouse gas emissions come from the transport sector. Governments all around the world are as a result seeking for alternative energy sources to use in the transportation sector. Fuel cell vehicles (FCVs), which emit no CO2 while being driven, are anticipated to gain popularity in the upcoming years. As a result, many automakers are attempting to increase the number of fuel cell cars in their lineupThe EV30@30 global project aims to have at least 30% of new electric vehicles operating globally by the year 2030. The usage of electric vehicles is growing in a number of nations, including Canada, Finland, France, Japan, Mexico, the Netherlands, Norway, Sweden, and India, in order to achieve this goal. This change and modernization will soon drive the market for hydrogen filling stations. Thus, driving the Hydrogen Fueling Station market revenue.

Hydrogen Fueling Station Market Segment Insights:

Hydrogen Fueling Station: Station Size Insights

The Hydrogen Fueling Station Market segmentation, based on Station Size, includes small stations, mid-sized stations, and large stations. In 2022, the small stations category dominated the world market. As more public and private fuel cell vehicles are fueled, there is a rising demand for hydrogen. Operators need more space to recharge fuel cell cars, therefore tiny hydrogen stations are growing into medium-sized hydrogen stations.

Hydrogen Fueling Station Supply Type Insights

The Hydrogen Fueling Station Market segmentation, based on Supply Type, includes off-site and on-site. Off-site category is currently the largest segment. The transition to clean and environmentally friendly fuels is being spearheaded by governments worldwide, and this is being made possible by the off-site production of hydrogen. Rising investments in environmentally friendly hydrogen projects and a preference for zero-carbon fuel to power fuel cell vehicles are both responsible for the expansion of the off-site market.

Hydrogen Fueling Station Pressure Insights

The Hydrogen Fueling Station Market segmentation, based on Pressure, includes high pressure and low pressure. High pressure category account for a sizable portion of the global market. This is because hydrogen can be easily refilled in automobiles. Additionally, hydrogen stations with high pressure can serve more customers in less time.

Hydrogen Fueling Station: Station Type Insights

The Hydrogen Fueling Station Market segmentation, based on Station Type, includes fixed hydrogen stations and mobile hydrogen stations. In 2022, the category of fixed hydrogen stations dominated the world market. Increased deployment of hydrogen filling stations and increased application of safety regulations by governments of various nations are both factors contributing to the expansion of stationary hydrogen stations.

Hydrogen Fueling Station Solution Insights

The Hydrogen Fueling Station Market segmentation, based on Solution, includes Engineering Procurement and Construction (EPC) and components. Throughout the projected period, the components segment is anticipated to be the largest. Infrastructure for hydrogen fuelling stations must include components. Compression-based hydrogen supply and storage are projected to promote the expansion of the components market.

Figure 1: Hydrogen Fueling Station Market, by Solution, 2024 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Hydrogen Fueling Station Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific Hydrogen Fueling Station market dominated this market in 2022 (45.80%). A number of nations in the Asia Pacific are developing electrolyzer-based hydrogen filling stations on a large scale or planning trial projects for the technology. As a result, there have been more investments made in pilot projects, feasibility studies, and new hydrogen fueling station deployments around the Asia Pacific, particularly in South Korea and Japan. The market for hydrogen fuelling stations in the area is anticipated to increase as a result of these factors. Moreover, China’s Hydrogen Fueling Station market held the largest market share, and the Indian Hydrogen Fueling Station market was the fastest growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Hydrogen Fueling Station Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Hydrogen Fueling Station market accounts for the healthy market share. The decarbonization of bus fleets, national renewable energy objectives, and EU carbon reduction initiatives are some of the major drivers of market expansion in the area. Additionally, a number of regional organisations are making large investments to encourage consumers to use hydrogen fuel. Further, the German Hydrogen Fueling Station market held the largest market share, and the U.K Hydrogen Fueling Station market was the fastest growing market in the European region

The North America Hydrogen Fueling Station Market is expected to register significant growth from 2023 to 2032. Tax advantage laws, the presence of diverse sized businesses, technological improvements, and committed R&D projects all favour North America. Additionally, thanks to favourable laws, countries like the U.S. and Canada have seen a significant rise in the number of HRS with the development of new facilities. Further, the U.S. Hydrogen Fueling Station market held the largest market share, and the Canada Hydrogen Fueling Station market was the fastest growing market in the North America region.

Hydrogen Fueling Station Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Hydrogen Fueling Station market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Hydrogen Fueling Station industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Hydrogen Fueling Station industry to benefit clients and increase the market sector. In recent years, the Hydrogen Fueling Station industry has offered some of the most significant advantages to medicine. Major players in the Hydrogen Fueling Station market, including Air Liquide, Air Products and Chemicals, Inc., Linde plc, Nel ASA, McPhy Energy S.A., Ingersoll Rand, Hydrogen Refueling Solutions, PERIC Hydrogen Technologies Co., Ltd, Chart Industries, Iwatani Corporation, Powertech Labs Inc., PDC Machines, sera GmbH, Hydrogenious LOHC Technologies, atawey, and Galileo Technologies S.A., H2 MOBILITY, NanoSUN Limited, Nikola Corporation, and Humble Hydrogen, are attempting to increase market demand by investing in research and development operations.

Operating as a hydrogen firm is Nel ASA (Nel), formerly known as DiaGenic ASA. It produces, supplies, and distributes hydrogen technology using renewable energy for commercial and energy needs. Water electrolyzers, hydrogen generators, and hydrogen fueling machinery are among the company's offerings. Nel offers solutions for renewable energy storage as well as hydrogen fueling stations for vehicles. In December 2022, Nel ASA and a US-based energy firm inked a contract for the provision of 16 hydrogen filling stations through its subsidiary Nel Hydrogen Inc.

Equipment for the production and distribution of hydrogen is designed, produced, and distributed by McPhy Energy SA (McPhy). The business is involved in the design and manufacture of hydrogen stations and high-pressure alkaline electrolyzers. Additionally, it handles the engineering, project management, commissioning, and after-sales support of modular and scalable systems. The innovative "Augmented McFilling" hydrogen fuelling station, designed specifically for heavy-duty vehicles, was introduced by McPhy Energy S.A. in April 2019.

Key Companies in the Hydrogen Fueling Station market include

• Air Liquide


• Air Products and Chemicals, Inc.


• Linde plc


• Nel ASA


• McPhy Energy S.A.


• Ingersoll Rand


• Hydrogen Refueling Solutions


• PERIC Hydrogen Technologies Co.


• Ltd, Chart Industries


• Iwatani Corporation


• Powertech Labs Inc.


• PDC Machines


• Sera GmbH


• Hydrogenious LOHC Technologies


• atawey, and Galileo Technologies S.A.


• H2 MOBILITY


• NanoSUN Limited


• Nikola Corporation


• Humble Hydrogen

Hydrogen Fueling Station Industry Developments

February 2024- A leading producer of heavy-duty battery and fuel cell electric vehicles, Nikola has inaugurated the first plant in what will become a network of hydrogen refueling stations in southern California. The plant – located in Ontario, California – is part of Nikola's HYLA brand and can fuel nearly 40 of the companions’ hydrogen fuel cell electric Class 8 trucks every day. The company targets to develop a network of nearly 60 such hydrogen fueling stations over the next few years and strategizes to have nine up and running by the end of the second quarter of 2024. While the Ontario station is a fraction of the private network at this point, the brand is developing the HYLA stations to accommodate all 700-bar Class 8 OEM trucks, Nikola's president of energy, Ole Hoefelmann, told in a press release.

In November 2023 Two hydrogen-refuelling stations for buses and cars were launched in Poland by Calvera Hydrogen. One is located in Katowice, while the other one is found in Poznan. The facilities include compression modules, tube trailers, dispensers as well as storage modules and a control system.

First Element Fuel Inc. opened a high-capacity hydrogen station in Oakland, U.S., expanding its true zero network to 41 retail locations as of October 2023. It consists of four H70 fill-capable dispensers which can deliver up to 1600 kg per day. This became possible after forming a partnership with Hyundai Motor to develop 30 XCIENT fuel cell trucks that facilitated the installation of this facility. The multi-use station situated in Oakland handles heavy-duty vehicles running on hydrogen will become the global most extensive.

The first high-pressure-hydrogen-station-for-trucks-in Europe was built by Air Liquide together with Iveco Group at Marseille, France, in June 2023. The collaboration aims at driving forward hydrogen as an essential constituent for transitioning towards sustainable energy within the transport sector through leveraging Air Liquide’s experience across the value chain around hydrogen and Iveco’s exposure to production of alternative-based fuel-driven automobiles

For example, ADNOC announced progress regarding its initial Middle East Hydrogen refueling hub for operating a fleet of commercial vehicles run by this power source. In July 2022, ADNOC revealed a plan to construct its first regional hydrogen refueling station that would serve its own fleet of these trucks, thereby making it the first country within the Middle East region where such technology will be introduced.

For instance, on May 2, 2023, Voltera and Nikola announced that they would join forces in establishing fifty hydrogen stations in North America.

Air Products Qudra has signed an agreement with ENOWA, NEOM's Energy, Water and Hydrogen subsidiary, to construct, own and operate NEOM's first hydrogen fueling station as well as provide essential infrastructure for NEOM’s sustainability objectives in March 2023.

In February 2023, Air Liquide and TotalEnergies were forming a joint venture of equal stakes for the realization of a network of about one hundred hydrogen stations along major European routes dedicated to heavy-duty European vehicles. This is enabling the firm to gain additional market share in the Hydrogen Fueling Station industry.

The inaugural Nikola Corporation hydrogen refueling station debuted in Ontario, California in February 2024. The southern California hydrogen refueling station planned by HYLA is the first of its kind.  There is a rising need for environmentally friendly heavy-duty transportation, and the Ontario facility can supply 40 of these vehicles every day with hydrogen fuel cell electricity.  Nikola plans to construct around sixty hydrogen fueling stations in the coming years. To show its dedication to hydrogen infrastructure and zero-emission mobility, the firm opened nine such stations by Q2 2024.

A Memorandum of Understanding was signed in September 2023 between Air Liquide and Trillium Energy Solutions to decarbonize the transportation industry in the US market for heavy-duty hydrogen. Hydrogen production, distribution, and fuelling infrastructure deployment are all areas that Air Liquide and Trillium merged through this MoU. It also hastened the heavy-duty hydrogen transportation ecosystem by concentrating on the supply of hydrogen and the infrastructure for refilling it.

In July 2023, Sustainable transportation in the Middle East reached a new benchmark with ADNOC's plan to build the region's first high-speed hydrogen refueling station in Masdar City. In a joint effort with Toyota and Al-Futtaim Motors, ADNOC tested a fleet of hydrogen-powered vehicles at this cutting-edge station, demonstrating the usefulness of clean energy solutions in the real world.

Important details on the scalability and operating effectiveness of fast hydrogen refueling infrastructure were uncovered by this pilot experiment. The United Arab Emirates has lofty goals for its National Hydrogen Strategy, one of which is to become the world's leading producer of hydrogen by the year 2031. This coincides with those goals. By implementing this approach, the nation better facilitates its economic shift toward a low-carbon model and further its position as a world leader in innovative energy solutions.

Hydrogen Fueling Station Market Segmentation

H2 Fueling Station Station Size Outlook

• Small Stations


• Mid-sized Stations


• Large Stations

Hydrogen Fueling Station Supply Type Outlook

• Off-site


• On-site

Hydrogen Fueling Station Pressure Outlook

• High Pressure


• Low Pressure

Hydrogen Fueling Station Station Type Outlook

• Fixed Hydrogen Stations


• Mobile Hydrogen Stations

Hydrogen Fueling Station Solution Outlook

• Engineering Procurement and Construction (EPC)


• Components

Hydrogen Fueling Station Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


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


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America