Hydrogen Fueling Station Market

Hydrogen Fueling Station Market

Hydrogen Fueling Station Market Forecasts to 2030 - Global Analysis By Station Type (Fixed Hydrogen Stations and Mobile Hydrogen Stations), Supply Type (Off-site and On-site), Station Size (Small Stations, Mid-sized Stations and Large Stations), Pressure (High Pressure and Low Pressure), Solution and By Geography

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4.6 (69 reviews)
Published: 2023 ID: SMRC23689

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2023)

US $0.53 BN

Projected Year Value (2030)

US $2.35 BN

CAGR (2023- 2030)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America

According to Stratistics MRC, the Global Hydrogen Fueling Station Market is accounted for $0.53 billion in 2023 and is expected to reach $2.35 billion by 2030 growing at a CAGR of 23.6% during the forecast period. A hydrogen refueling station is constructed with a variety of accumulators and compressors to effectively store and fill hydrogen that is either gaseous or liquefied. An efficient replacement for various fossil fuels is hydrogen. The market is being driven by the widespread adoption of fuel cell electric vehicles (FCEVs) due to growing concerns about a carbon-neutral environment and numerous initiatives from the relevant government authorities.

According to the data published by the U.S. Bureau of Economics, Disposable Personal Income increased by $2.13 trillion and personal income rose by about $1.97 trillion (10.5%) in April 2020.

Market Dynamics:


Increasing adoption of fuel cell vehicles

Fueling stations are in higher demand as more people choose to drive fuel-cell vehicles. Customers who are interested in buying fuel cell vehicles have confidence thanks to the availability of a well-developed network of hydrogen refueling stations. A positive feedback loop for the market for hydrogen refueling stations is produced by the increase in fuel cell adoption. Due to this adoption, numerous private investments are being made to expand station networks in response to the rising demand for radio stations. As a result, the market is seen as being driven by the increasing adoption of fuel cell vehicles.


Lack of consumer awareness

The demand for any product is significantly influenced by consumer awareness. Potential buyers are less likely to consider purchasing hydrogen-powered vehicles if they are unaware of their advantages and benefits. Hydrogen fueling stations need significant private investment to build and run. Investors' market investments may be constrained by consumers' lack of knowledge about applications powered by hydrogen.


Increase in spending on the creation of advanced components

A variety of handling and processing tools are needed to set up a new hydrogen fueling station and effectively dispense at the required rates. The growth of the global market for hydrogen fueling stations will have new opportunities due to the significant efforts made by a number of component manufacturers to improve their manufacturing capabilities and introduce cutting-edge systems.


High initial costs and inadequate hydrogen infrastructure

One of the biggest challenges to the development of a low-carbon hydrogen economy is the absence of an existing clean hydrogen value chain. Furthermore, even though it is constant with operating conditions at the agreed-upon price, the cost of hydrogen will only be affected by the retail price of hydrogen and utility costs, which are outside of the end user's control. Because of the higher capital costs as a result of the operational versatility, the deployment of hydrogen fueling stations is constrained.

Covid-19 Impact

The COVID-19 pandemic had a significant impact on hydrogen fueling station sales all over the world. The demand for H2 fueling stations has been slightly impacted by a slight decline in the sales of Fuel Cell Electric Vehicles (FCEVs) by customers. However, it is anticipated that in the post-COVID-19 world, demand for hydrogen fueling stations will remain stable due to governments' optimistic outlook to start using low-carbon technologies and bolster decarbonization initiatives.

The off-site segment is expected to be the largest during the forecast period

The off-site segment holds the largest market share, and it's expected to continue to hold this position throughout the forecast period. Governments all over the world are leading the charge toward the switch to clean, environmentally friendly fuels which made possible by the off-site production of hydrogen. The growth of the off-site market is due in part to rising investments in environmentally friendly hydrogen projects and a preference for zero-carbon fuel to power fuel cell vehicles.

The mobile hydrogen stations segment is expected to have the highest CAGR during the forecast period

The mobile hydrogen stations segment is estimated to grow rapidly over the prediction period. With the option to be quickly deployed as and when driving patterns change, mobile refueling stations can be made available throughout the nation or state. The ability to travel to and from big box stores, existing gas stations, and high-traffic locations to meet real-time demand in comparison to fixed stations, as well as lower cost and risk, will all have a significant impact on industry trends. Furthermore, it is anticipated that technological developments such as process automation and user-friendly control screens will aid in the deployment of hydrogen mobility.

Region with largest share:

The largest market share for hydrogen refueling stations is anticipated to belong to Asia-Pacific in the coming years. Leading nations like China, Japan, and South Korea have set ambitious goals for the deployment of hydrogen fuel cell vehicles as well as a promising timetable for the construction of HRS facilities. The governments' targets to reduce carbon emissions from the transportation sector and their implementation of national hydrogen strategies are a few of the major drivers supporting the expansion of the hydrogen fueling station market in the Asia-Pacific region.

Region with highest CAGR:

North America is expected to experience the highest growth because of tax benefit policies, the availability of large-scale businesses, technological advancements, and committed R&D initiatives in the region. The United States, followed by Canada and Mexico, had the largest share in 2022. Additionally, Hydrogen fueling stations are also expected to expand significantly due to the presence of countries with lucrative economic policies, high gross domestic product (GDP), and early adoption of the newest hydrogen fuel station technologies in the North American region.

Key players in the market

Some of the key players profiled in the Hydrogen Fueling Station Market include Air Liquide, Air Products & Chemicals, Inc., Ballard Power Systems, Calvera, China Petrochemical Corporation, Cummins Inc., Deutsche Bahn AG, Engie SA, FirstElement Fuel, Inc., FuelCell Energy, Hydrogen Refueling Solutions, HyundaiHydrogenMobility AG, ITM Power, Iwatani Corporation, Linde Engineering, McPhy Energy S.A., Nel ASA, Norwegian Hydrogen, Nuvera Fuel Cells, LLC, Plug Power Inc., Praxair, Inc and Shell.

Key Developments:

In July 2023, Ballard Power Systems announced it received an order for additional fuel cell engines from Canadian Pacific Kansas City (“CPKC”; TSX: CP; NYSE: CP). These eighteen, 200 kW fuel cell engines are planned for delivery in 2023 and will support the expansion of CPKC’s Hydrogen Locomotive Program.

In June 2023, Calvera Hydrogen, due to its global expertise in hydrogen engineering, complete manufacturing and maintenance of hydrogen refuelling stations (HRS), has just launched a standardised range of HRS in three formats, compatible with different H2 supply sources.

In February 2023, Calvera Hydrogen develops the largest ever hydrogen transport tube trailer model for Shell Hydrogen. Calvera Hydrogen has developed in its facilities in Zaragoza (Spain), a 45 feet tube trailer model with a storage capacity of more than 1 Ton of hydrogen using the latest carbon fiber technology. With a working pressure of 517 bar (7500 psi), this tube trailer is unique in the market.

Station Types Covered:
• Fixed Hydrogen Stations
• Mobile Hydrogen Stations

Supply Types Covered:
• Off-site
• On-site

Station Sizes Covered:
• Small Stations
• Mid-sized Stations
• Large Stations

Pressures Covered:
• High Pressure
• Low Pressure

Solutions Covered:
• Engineering, Procurement and Construction (EPC)
• Components

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Hydrogen Fueling Station Market, By Station Type
5.1 Introduction
5.2 Fixed Hydrogen Stations
5.3 Mobile Hydrogen Stations

6 Global Hydrogen Fueling Station Market, By Supply Type
6.1 Introduction
6.2 Off-site
6.2.1 Gas
6.2.2 Liquid
6.3 On-site
6.3.1 Electrolysis
6.3.2 Steam Methane Reforming (SMR)

7 Global Hydrogen Fueling Station Market, By Station Size
7.1 Introduction
7.2 Small Stations
7.3 Mid-sized Stations
7.4 Large Stations

8 Global Hydrogen Fueling Station Market, By Pressure
8.1 Introduction
8.2 High Pressure
8.3 Low Pressure

9 Global Hydrogen Fueling Station Market, By Solution
9.1 Introduction
9.2 Engineering, Procurement and Construction (EPC)
9.3 Components
9.3.1 Compressors
9.3.2 Dispensers
9.3.3 Dispensing Chiller Systems
9.3.4 Hydraulic Power Units and Controls
9.3.5 Hydrogen Inlets
9.3.6 Storage Units
9.3.7 Other Components

10 Global Hydrogen Fueling Station Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 Air Liquide
12.2 Air Products & Chemicals, Inc.
12.3 Ballard Power Systems
12.4 Calvera
12.5 China Petrochemical Corporation
12.6 Cummins Inc.
12.7 Deutsche Bahn AG
12.8 Engie SA
12.9 FirstElement Fuel, Inc.
12.10 FuelCell Energy
12.11 Hydrogen Refueling Solutions
12.12 HyundaiHydrogenMobility AG
12.13 ITM Power
12.14 Iwatani Corporation
12.15 Linde Engineering
12.16 McPhy Energy S.A.
12.17 Nel ASA
12.18 Norwegian Hydrogen
12.19 Nuvera Fuel Cells, LLC
12.20 Plug Power Inc.
12.21 Praxair, Inc
12.22 Shell

List of Tables
1 Global Hydrogen Fueling Station Market Outlook, By Region (2021-2030) ($MN)
2 Global Hydrogen Fueling Station Market Outlook, By Station Type (2021-2030) ($MN)
3 Global Hydrogen Fueling Station Market Outlook, By Fixed Hydrogen Stations (2021-2030) ($MN)
4 Global Hydrogen Fueling Station Market Outlook, By Mobile Hydrogen Stations (2021-2030) ($MN)
5 Global Hydrogen Fueling Station Market Outlook, By Supply Type (2021-2030) ($MN)
6 Global Hydrogen Fueling Station Market Outlook, By Off-site (2021-2030) ($MN)
7 Global Hydrogen Fueling Station Market Outlook, By Gas (2021-2030) ($MN)
8 Global Hydrogen Fueling Station Market Outlook, By Liquid (2021-2030) ($MN)
9 Global Hydrogen Fueling Station Market Outlook, By On-site (2021-2030) ($MN)
10 Global Hydrogen Fueling Station Market Outlook, By Electrolysis (2021-2030) ($MN)
11 Global Hydrogen Fueling Station Market Outlook, By Steam Methane Reforming (SMR) (2021-2030) ($MN)
12 Global Hydrogen Fueling Station Market Outlook, By Station Size (2021-2030) ($MN)
13 Global Hydrogen Fueling Station Market Outlook, By Small Stations (2021-2030) ($MN)
14 Global Hydrogen Fueling Station Market Outlook, By Mid-sized Stations (2021-2030) ($MN)
15 Global Hydrogen Fueling Station Market Outlook, By Large Stations (2021-2030) ($MN)
16 Global Hydrogen Fueling Station Market Outlook, By Pressure (2021-2030) ($MN)
17 Global Hydrogen Fueling Station Market Outlook, By High Pressure (2021-2030) ($MN)
18 Global Hydrogen Fueling Station Market Outlook, By Low Pressure (2021-2030) ($MN)
19 Global Hydrogen Fueling Station Market Outlook, By Solution (2021-2030) ($MN)
20 Global Hydrogen Fueling Station Market Outlook, By Engineering, Procurement and Construction (EPC) (2021-2030) ($MN)
21 Global Hydrogen Fueling Station Market Outlook, By Components (2021-2030) ($MN)
22 Global Hydrogen Fueling Station Market Outlook, By Compressors (2021-2030) ($MN)
23 Global Hydrogen Fueling Station Market Outlook, By Dispensers (2021-2030) ($MN)
24 Global Hydrogen Fueling Station Market Outlook, By Dispensing Chiller Systems (2021-2030) ($MN)
25 Global Hydrogen Fueling Station Market Outlook, By Hydraulic Power Units and Controls (2021-2030) ($MN)
26 Global Hydrogen Fueling Station Market Outlook, By Hydrogen Inlets (2021-2030) ($MN)
27 Global Hydrogen Fueling Station Market Outlook, By Storage Units (2021-2030) ($MN)
28 Global Hydrogen Fueling Station Market Outlook, By Other Components (2021-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at info@strategymrc.com

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