Global Hydrogen Fueling Station Market is valued approximately USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. A hydrogen fueling station, also known as a hydrogen refueling station, is a facility that dispenses hydrogen gas for use in hydrogen-powered vehicles. These stations are similar to traditional gasoline or diesel refueling stations but instead provide compressed hydrogen gas or liquid hydrogen to fuel the vehicles. Hydrogen fueling stations typically compress or liquefy hydrogen gas and store it in tanks. The key factor driving the market growth is rising adoption of fuel cell electric vehicles, and growing public, private investments in hydrogen fueling station deployment, and paradigm shift toward adoption of low carbon technologies that anticipated to create the lucrative demand for the market during forecast period.
However, the rising adoption of fuel cell electric vehicles (FCEVs) is driving the growth of hydrogen fueling station market. FCEVs use hydrogen fuel cells to generate electricity, which powers the vehicle's electric motor. Unlike traditional gasoline-powered vehicles, FCEVs emit only water vapor as a byproduct, making them a much cleaner alternative. Thus, the rising demand for fuel cell electric vehicles is anticipated to support the market growth. According to Statista, in 2017, the number of fuel cell electric vehicles in Japan was 1.81 thousand and the number is increased significantly and reached 7.11 thousand in 2022. Additionally, cohesive government initiatives to accelerate deployment of hydrogen fueling stations is anticipated to create the lucrative opportunity for the market during forecast period. However, the underdeveloped hydrogen infrastructure stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Hydrogen Fueling Station Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the dominating region across the world in terms of market share, owing to the supportive government tax benefit policies, availability of various scale companies, dedicated research & development initiatives, and technological advancements. Whereas, Asia Pacific is also anticipated to exhibit highest growth rate over the forecast period, owing to factors such as cohesive government initiatives, and rising public and private investment in hydrogen fueling station development would create lucrative growth prospects for the Hydrogen Fueling Station market across Asia Pacific region.
Major market players included in this report are:
- Ballard Power Systems (Canada)
- FirstElement Fuel, Inc. (U.S.)
- Linde Engineering (Ireland)
- Nuvera Fuel Cells, LLC (U.S.)
Recent Developments in the Market:
- In Feb. 2021, A hydrogen energy company based in Denmark called Everfuel received advanced hydrogen compressor solutions from Howden, a U.K. engineering company.
Global Hydrogen Fueling Station Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Station Type, Vehicle Type, Vehicle Technology, Delivery Methods, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Station Type:
By Vehicle Type:
- Passenger Cars
- Commercial Vehicles
By Vehicle Technology:
- Proton Exchange Membrane Fuel Cell
- Phosphoric Acid Fuel Cells
- Others
By Delivery Methods:
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Hydrogen Fueling Station Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Hydrogen Fueling Station Market, by Station Type, 2019-2029 (USD Billion)
- 1.2.3. Hydrogen Fueling Station Market, by Vehicle Type, 2019-2029 (USD Billion)
- 1.2.4. Hydrogen Fueling Station Market, by Vehicle Technology, 2019-2029 (USD Billion)
- 1.2.5. Hydrogen Fueling Station Market, by Delivery Methods, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Hydrogen Fueling Station Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Hydrogen Fueling Station Market Dynamics
- 3.1. Hydrogen Fueling Station Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising adoption of fuel cell electric vehicles
- 3.1.1.2. Growing public, private investments in hydrogen fueling station deployment
- 3.1.1.3. Paradigm shift toward adoption of low carbon technologies
- 3.1.2. Market Challenges
- 3.1.2.1. Underdeveloped hydrogen infrastructure
- 3.1.3. Market Opportunities
- 3.1.3.1. Cohesive government initiatives to accelerate deployment of hydrogen fueling stations
Chapter 4. Global Hydrogen Fueling Station Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Hydrogen Fueling Station Market, by Station Type
- 6.1. Market Snapshot
- 6.2. Global Hydrogen Fueling Station Market by Station Type, Performance - Potential Analysis
- 6.3. Global Hydrogen Fueling Station Market Estimates & Forecasts by Station Type 2019-2029 (USD Billion)
- 6.4. Hydrogen Fueling Station Market, Sub Segment Analysis
- 6.4.1. Medium
- 6.4.2. Large
- 6.4.3. Small
Chapter 7. Global Hydrogen Fueling Station Market, by Vehicle Type
- 7.1. Market Snapshot
- 7.2. Global Hydrogen Fueling Station Market by Vehicle Type, Performance - Potential Analysis
- 7.3. Global Hydrogen Fueling Station Market Estimates & Forecasts by Vehicle Type 2019-2029 (USD Billion)
- 7.4. Hydrogen Fueling Station Market, Sub Segment Analysis
- 7.4.1. Passenger Cars
- 7.4.2. Commercial Vehicles
Chapter 8. Global Hydrogen Fueling Station Market, by Vehicle Technology
- 8.1. Market Snapshot
- 8.2. Global Hydrogen Fueling Station Market by Vehicle Technology, Performance - Potential Analysis
- 8.3. Global Hydrogen Fueling Station Market Estimates & Forecasts by Vehicle Technology 2019-2029 (USD Billion)
- 8.4. Hydrogen Fueling Station Market, Sub Segment Analysis
- 8.4.1. Proton Exchange Membrane Fuel Cell
- 8.4.2. Phosphoric Acid Fuel Cells
- 8.4.3. Others
Chapter 9. Global Hydrogen Fueling Station Market, by Delivery Methods
- 9.1. Market Snapshot
- 9.2. Global Hydrogen Fueling Station Market by Delivery Methods, Performance - Potential Analysis
- 9.3. Global Hydrogen Fueling Station Market Estimates & Forecasts by Delivery Methods 2019-2029 (USD Billion)
- 9.4. Hydrogen Fueling Station Market, Sub Segment Analysis
- 9.4.1. On-Site
- 9.4.2. Off-Site
Chapter 10. Global Hydrogen Fueling Station Market, Regional Analysis
- 10.1. Hydrogen Fueling Station Market, Regional Market Snapshot
- 10.2. North America Hydrogen Fueling Station Market
- 10.2.1. U.S. Hydrogen Fueling Station Market
- 10.2.1.1. Station Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.2. Vehicle Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.3. Vehicle Technology breakdown estimates & forecasts, 2019-2029
- 10.2.1.4. Delivery Methods breakdown estimates & forecasts, 2019-2029
- 10.2.2. Canada Hydrogen Fueling Station Market
- 10.3. Europe Hydrogen Fueling Station Market Snapshot
- 10.3.1. U.K. Hydrogen Fueling Station Market
- 10.3.2. Germany Hydrogen Fueling Station Market
- 10.3.3. France Hydrogen Fueling Station Market
- 10.3.4. Spain Hydrogen Fueling Station Market
- 10.3.5. Italy Hydrogen Fueling Station Market
- 10.3.6. Rest of Europe Hydrogen Fueling Station Market
- 10.4. Asia-Pacific Hydrogen Fueling Station Market Snapshot
- 10.4.1. China Hydrogen Fueling Station Market
- 10.4.2. India Hydrogen Fueling Station Market
- 10.4.3. Japan Hydrogen Fueling Station Market
- 10.4.4. Australia Hydrogen Fueling Station Market
- 10.4.5. South Korea Hydrogen Fueling Station Market
- 10.4.6. Rest of Asia Pacific Hydrogen Fueling Station Market
- 10.5. Latin America Hydrogen Fueling Station Market Snapshot
- 10.5.1. Brazil Hydrogen Fueling Station Market
- 10.5.2. Mexico Hydrogen Fueling Station Market
- 10.5.3. Rest of Latin America Hydrogen Fueling Station Market
- 10.6. Rest of The World Hydrogen Fueling Station Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. Air Liquide (France)
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. Ballard Power Systems (Canada)
- 11.2.3. FirstElement Fuel, Inc. (U.S.)
- 11.2.4. Air Products (U.S.)
- 11.2.5. Hydrogenics (Canada)
- 11.2.6. Praxair, Inc (U.S.)
- 11.2.7. Nel Hydrogen (Norway)
- 11.2.8. Linde Engineering (Ireland)
- 11.2.9. FuelCell Energy (U.S.)
- 11.2.10. Nuvera Fuel Cells, LLC (U.S.)
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption