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Hydrogen Fueling Station Market By Station Type, By Vehicle Type, By Vehicle Technology, By Delivery Methods: Global Opportunity Analysis and Industry Forecast, 2024-2035

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    Report

  • 355 Pages
  • October 2023
  • Region: Global
  • Allied Market Research
  • ID: 5713013
Description Jump to:
The report incorporates the study of the global hydrogen fueling station market that focuses on the retail hydrogen fueling facilities in key areas to enable the initial rollout of fuel cell electric vehicles. A hydrogen fueling station is simply a station to refill hydrogen with some additional components needed to deal with the unique characteristics of hydrogen and fuel cell-powered vehicles. Hydrogen fuel produces only heat & water vapors as a byproduct and is a natural alternative to fossil-fueled powered vehicles. Currently, new technological advancement in fuel cell technology leads to the development of new type of fuel cell, such as solid oxide fuel cell (SOFC), polymer exchange membrane fuel cell (PEMFC), molten carbonate fuel cell (MCFC), phosphoric acid fuel cell (PAFC) and others, which reduces the cost of the fuel cell. Hence, such advancements propel the hydrogen fueling station market during the forecast period. For instance, in April 2022, ITM Power PLC partnered with Motive, a 50/50 joint-venture owned between ITM Power PLC and Vitol, to support Motive with the development and rollout of new green hydrogen refueling stations. This partnership helped increase production, distribution, and demand stimulation for hydrogen for transportation applications.

The factors such as stringent government regulations to control increasing pollution, high suitability of hydrogen as fuel, and increase in R&D activities related to hydrogen fuel cell technology supplement the growth of the hydrogen fueling station market. However, high initial expenditure for producing hydrogen and lack of fuel infrastructure are the factors expected to hamper the growth of the hydrogen fueling station market.

In addition, technological advancements and future potential in the hydrogen fuel cell vehicle and increasing investments & encouragement in administrative policy framework creates market opportunities for the key players operating in the hydrogen fueling station market.

For the purpose of analysis, the global hydrogen fueling station market is segmented on the basis of station type, vehicle type, vehicle technology, delivery method, and region. By station type, the market is divided into small, medium, and large. By vehicle type, it is fragmented into passenger cars and commercial vehicles. By vehicle technology, it is categorized into proton exchange membrane fuel cell, phosphoric acid fuel cells, and others. By delivery method, it is further classified into on-site and off-site. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The leading players operating in the hydrogen fueling station market are Air Liquide, Air Products and Chemicals, Inc., 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, TotalEnergies, and TrueZero.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hydrogen fueling station market analysis from 2024 to 2035 to identify the prevailing hydrogen fueling station market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the hydrogen fueling station market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global hydrogen fueling station market trends, key players, market segments, application areas, and market growth strategies.

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  • Market share analysis of players by products/segments
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  • SWOT Analysis

Key Market Segments

By Station Type

  • Small
  • Medium
  • Large

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

By Vehicle Technology

  • Proton Exchange Membrane Fuel Cell
  • Phosphoric Acid Fuel Cells
  • Others

By Delivery Methods

  • On-Site
  • Off-Site

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
  • Key Market Players
  • TotalEnergies
  • Ballard Power Systems
  • Air Products and Chemicals, Inc.
  • FirstElement Fuel Inc.
  • FuelCell Energy, Inc.,
  • Nuvera Fuel Cells, LLC
  • SHELL
  • H2Energy Solutions Ltd.
  • China Petrochemical Corporation
  • Cummins Inc.
  • Air Liquide
  • PDC Machines Inc.,
  • ITM Power PLC
  • Black & Veatch Holding Company
  • Nel ASA
  • Linde plc
  • TrueZero

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.3. Porter’s five forces analysis
3.4. Market dynamics
CHAPTER 4: HYDROGEN FUELING STATION MARKET, BY STATION TYPE
4.1. Overview
4.2. Small
4.3. Medium
4.4. Large
CHAPTER 5: HYDROGEN FUELING STATION MARKET, BY VEHICLE TYPE
5.1. Overview
5.2. Passenger Cars
5.3. Commercial Vehicles
CHAPTER 6: HYDROGEN FUELING STATION MARKET, BY VEHICLE TECHNOLOGY
6.1. Overview
6.2. Proton Exchange Membrane Fuel Cell
6.3. Phosphoric Acid Fuel Cells
6.4. Others
CHAPTER 7: HYDROGEN FUELING STATION MARKET, BY DELIVERY METHODS
7.1. Overview
7.2. On-Site
7.3. Off-Site
CHAPTER 8: HYDROGEN FUELING STATION MARKET, BY REGION
8.1. Overview
8.2. North America
8.3. Europe
8.4. Asia-Pacific
8.5. LAMEA
CHAPTER 9: COMPETITIVE LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product mapping of top 10 player
9.4. Competitive dashboard
9.5. Competitive heatmap
9.6. Top player positioning, 2024
CHAPTER 10: COMPANY PROFILES
10.1. Air Liquide
10.2. Air Products and Chemicals, Inc.
10.3. Ballard Power Systems
10.4. Black & Veatch Holding Company
10.5. China Petrochemical Corporation
10.6. Cummins Inc.
10.7. FirstElement Fuel Inc.
10.8. FuelCell Energy, Inc.,
10.9. ITM Power PLC
10.10. Nel ASA
10.11. Nuvera Fuel Cells, LLC
10.12. SHELL
10.13. Linde plc
10.14. TotalEnergies
10.15. H2Energy Solutions Ltd.
10.16. TrueZero
10.17. PDC Machines Inc.,
List of Tables
Table 01. Global Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 02. Hydrogen Fueling Station Market for Small, by Region, 2024-2035 ($ Million)
Table 03. Hydrogen Fueling Station Market for Medium, by Region, 2024-2035 ($ Million)
Table 04. Hydrogen Fueling Station Market for Large, by Region, 2024-2035 ($ Million)
Table 05. Global Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 06. Hydrogen Fueling Station Market for Passenger Cars, by Region, 2024-2035 ($ Million)
Table 07. Hydrogen Fueling Station Market for Commercial Vehicles, by Region, 2024-2035 ($ Million)
Table 08. Global Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 09. Hydrogen Fueling Station Market for Proton Exchange Membrane Fuel Cell, by Region, 2024-2035 ($ Million)
Table 10. Hydrogen Fueling Station Market for Phosphoric Acid Fuel Cells, by Region, 2024-2035 ($ Million)
Table 11. Hydrogen Fueling Station Market for Others, by Region, 2024-2035 ($ Million)
Table 12. Global Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 13. Hydrogen Fueling Station Market for On-Site, by Region, 2024-2035 ($ Million)
Table 14. Hydrogen Fueling Station Market for Off-Site, by Region, 2024-2035 ($ Million)
Table 15. Hydrogen Fueling Station Market, by Region, 2024-2035 ($ Million)
Table 16. North America Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 17. North America Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 18. North America Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 19. North America Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 20. North America Hydrogen Fueling Station Market, by Country, 2024-2035 ($ Million)
Table 21. U.S. Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 22. U.S. Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 23. U.S. Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 24. U.S. Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 25. Canada Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 26. Canada Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 27. Canada Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 28. Canada Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 29. Mexico Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 30. Mexico Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 31. Mexico Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 32. Mexico Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 33. Europe Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 34. Europe Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 35. Europe Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 36. Europe Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 37. Europe Hydrogen Fueling Station Market, by Country, 2024-2035 ($ Million)
Table 38. UK Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 39. UK Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 40. UK Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 41. UK Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 42. Germany Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 43. Germany Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 44. Germany Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 45. Germany Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 46. France Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 47. France Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 48. France Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 49. France Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 50. Russia Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 51. Russia Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 52. Russia Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 53. Russia Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 54. Spain Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 55. Spain Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 56. Spain Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 57. Spain Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 58. Italy Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 59. Italy Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 60. Italy Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 61. Italy Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 62. Rest of Europe Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 63. Rest of Europe Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 64. Rest of Europe Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 65. Rest of Europe Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 66. Asia-Pacific Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 67. Asia-Pacific Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 68. Asia-Pacific Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 69. Asia-Pacific Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 70. Asia-Pacific Hydrogen Fueling Station Market, by Country, 2024-2035 ($ Million)
Table 71. China Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 72. China Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 73. China Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 74. China Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 75. Japan Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 76. Japan Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 77. Japan Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 78. Japan Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 79. India Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 80. India Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 81. India Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 82. India Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 83. Australia Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 84. Australia Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 85. Australia Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 86. Australia Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 87. South Korea Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 88. South Korea Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 89. South Korea Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 90. South Korea Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 91. Rest of Asia-Pacific Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 92. Rest of Asia-Pacific Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 93. Rest of Asia-Pacific Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 94. Rest of Asia-Pacific Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 95. LAMEA Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 96. LAMEA Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 97. LAMEA Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 98. LAMEA Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 99. LAMEA Hydrogen Fueling Station Market, by Country, 2024-2035 ($ Million)
Table 100. Latin America Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 101. Latin America Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 102. Latin America Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 103. Latin America Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 104. Middle East Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 105. Middle East Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 106. Middle East Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 107. Middle East Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 108. Africa Hydrogen Fueling Station Market, by Station Type, 2024-2035 ($ Million)
Table 109. Africa Hydrogen Fueling Station Market, by Vehicle Type, 2024-2035 ($ Million)
Table 110. Africa Hydrogen Fueling Station Market, by Vehicle Technology, 2024-2035 ($ Million)
Table 111. Africa Hydrogen Fueling Station Market, by Delivery Methods, 2024-2035 ($ Million)
Table 112. Air Liquide: Key Executives
Table 113. Air Liquide: Company Snapshot
Table 114. Air Liquide: Product Segments
Table 115. Air Liquide: Product Portfolio
Table 116. Air Liquide: Key Stratergies
Table 117. Air Products and Chemicals, Inc.: Key Executives
Table 118. Air Products and Chemicals, Inc.: Company Snapshot
Table 119. Air Products and Chemicals, Inc.: Product Segments
Table 120. Air Products and Chemicals, Inc.: Product Portfolio
Table 121. Air Products and Chemicals, Inc.: Key Stratergies
Table 122. Ballard Power Systems: Key Executives
Table 123. Ballard Power Systems: Company Snapshot
Table 124. Ballard Power Systems: Product Segments
Table 125. Ballard Power Systems: Product Portfolio
Table 126. Ballard Power Systems: Key Stratergies
Table 127. Black & Veatch Holding Company: Key Executives
Table 128. Black & Veatch Holding Company: Company Snapshot
Table 129. Black & Veatch Holding Company: Product Segments
Table 130. Black & Veatch Holding Company: Product Portfolio
Table 131. China Petrochemical Corporation: Key Executives
Table 132. China Petrochemical Corporation: Company Snapshot
Table 133. China Petrochemical Corporation: Product Segments
Table 134. China Petrochemical Corporation: Product Portfolio
Table 135. China Petrochemical Corporation: Key Stratergies
Table 136. Cummins Inc.: Key Executives
Table 137. Cummins Inc.: Company Snapshot
Table 138. Cummins Inc.: Product Segments
Table 139. Cummins Inc.: Product Portfolio
Table 140. Cummins Inc.: Key Stratergies
Table 141. Firstelement Fuel Inc.: Key Executives
Table 142. Firstelement Fuel Inc.: Company Snapshot
Table 143. Firstelement Fuel Inc.: Product Segments
Table 144. Firstelement Fuel Inc.: Product Portfolio
Table 145. Firstelement Fuel Inc.: Key Stratergies
Table 146. Fuelcell Energy, Inc.: Key Executives
Table 147. Fuelcell Energy, Inc.: Company Snapshot
Table 148. Fuelcell Energy, Inc.: Product Segments
Table 149. Fuelcell Energy, Inc.: Product Portfolio
Table 150. Itm Power plc: Key Executives
Table 151. Itm Power plc: Company Snapshot
Table 152. Itm Power plc: Product Segments
Table 153. Itm Power plc: Product Portfolio
Table 154. Itm Power plc: Key Stratergies
Table 155. Nel Asa: Key Executives
Table 156. Nel Asa: Company Snapshot
Table 157. Nel Asa: Product Segments
Table 158. Nel Asa: Product Portfolio
Table 159. Nel Asa: Key Stratergies
Table 160. Nuvera Fuel Cells, LLC: Key Executives
Table 161. Nuvera Fuel Cells, LLC: Company Snapshot
Table 162. Nuvera Fuel Cells, LLC: Product Segments
Table 163. Nuvera Fuel Cells, LLC: Product Portfolio
Table 164. Shell: Key Executives
Table 165. Shell: Company Snapshot
Table 166. Shell: Product Segments
Table 167. Shell: Product Portfolio
Table 168. Shell: Key Stratergies
Table 169. Linde plc: Key Executives
Table 170. Linde plc: Company Snapshot
Table 171. Linde plc: Product Segments
Table 172. Linde plc: Product Portfolio
Table 173. Linde plc: Key Stratergies
Table 174. Totalenergies: Key Executives
Table 175. Totalenergies: Company Snapshot
Table 176. Totalenergies: Product Segments
Table 177. Totalenergies: Product Portfolio
Table 178. Totalenergies: Key Stratergies
Table 179. H2Energy Solutions Ltd.: Key Executives
Table 180. H2Energy Solutions Ltd.: Company Snapshot
Table 181. H2Energy Solutions Ltd.: Product Segments
Table 182. H2Energy Solutions Ltd.: Product Portfolio
Table 183. H2Energy Solutions Ltd.: Key Stratergies
Table 184. Truezero: Key Executives
Table 185. Truezero: Company Snapshot
Table 186. Truezero: Product Segments
Table 187. Truezero: Product Portfolio
Table 188. Truezero: Key Stratergies
Table 189. Pdc Machines Inc.: Key Executives
Table 190. Pdc Machines Inc.: Company Snapshot
Table 191. Pdc Machines Inc.: Product Segments
Table 192. Pdc Machines Inc.: Product Portfolio
Table 193. Pdc Machines Inc.: Key Stratergies
List of Figures
Figure 01. Hydrogen Fueling Station Market, 2024-2035
Figure 02. Segmentation of Hydrogen Fueling Station Market, 2024-2035
Figure 03. Top Impacting Factors in Hydrogen Fueling Station Market (2024 to 2035)
Figure 04. Top Investment Pockets in Hydrogen Fueling Station Market (2024-2035)
Figure 05. Low Bargaining Power of Suppliers
Figure 06. Low Threat of New Entrants
Figure 07. Low Threat of Substitutes
Figure 08. Low Intensity of Rivalry
Figure 09. Low Bargaining Power of Buyers
Figure 10. Global Hydrogen Fueling Station Market: Drivers, Restraints and Opportunities
Figure 11. Hydrogen Fueling Station Market, by Station Type, 2024 and 2035 (%)
Figure 12. Comparative Share Analysis of Hydrogen Fueling Station Market for Small, by Country 2024 and 2035 (%)
Figure 13. Comparative Share Analysis of Hydrogen Fueling Station Market for Medium, by Country 2024 and 2035 (%)
Figure 14. Comparative Share Analysis of Hydrogen Fueling Station Market for Large, by Country 2024 and 2035 (%)
Figure 15. Hydrogen Fueling Station Market, by Vehicle Type, 2024 and 2035 (%)
Figure 16. Comparative Share Analysis of Hydrogen Fueling Station Market for Passenger Cars, by Country 2024 and 2035 (%)
Figure 17. Comparative Share Analysis of Hydrogen Fueling Station Market for Commercial Vehicles, by Country 2024 and 2035 (%)
Figure 18. Hydrogen Fueling Station Market, by Vehicle Technology, 2024 and 2035 (%)
Figure 19. Comparative Share Analysis of Hydrogen Fueling Station Market for Proton Exchange Membrane Fuel Cell, by Country 2024 and 2035 (%)
Figure 20. Comparative Share Analysis of Hydrogen Fueling Station Market for Phosphoric Acid Fuel Cells, by Country 2024 and 2035 (%)
Figure 21. Comparative Share Analysis of Hydrogen Fueling Station Market for Others, by Country 2024 and 2035 (%)
Figure 22. Hydrogen Fueling Station Market, by Delivery Methods, 2024 and 2035 (%)
Figure 23. Comparative Share Analysis of Hydrogen Fueling Station Market for On-Site, by Country 2024 and 2035 (%)
Figure 24. Comparative Share Analysis of Hydrogen Fueling Station Market for Off-Site, by Country 2024 and 2035 (%)
Figure 25. Hydrogen Fueling Station Market by Region, 2024 and 2035 (%)
Figure 26. U.S. Hydrogen Fueling Station Market, 2024-2035 ($ Million)
Figure 27. Canada Hydrogen Fueling Station Market, 2024-2035 ($ Million)
Figure 28. Mexico Hydrogen Fueling Station Market, 2024-2035 ($ Million)
Figure 29. UK Hydrogen Fueling Station Market, 2024-2035 ($ Million)
Figure 30. Germany Hydrogen Fueling Station Market, 2024-2035 ($ Million)
Figure 31. France Hydrogen Fueling Station Market, 2024-2035 ($ Million)
Figure 32. Russia Hydrogen Fueling Station Market, 2024-2035 ($ Million)
Figure 33. Spain Hydrogen Fueling Station Market, 2024-2035 ($ Million)
Figure 34. Italy Hydrogen Fueling Station Market, 2024-2035 ($ Million)
Figure 35. Rest of Europe Hydrogen Fueling Station Market, 2024-2035 ($ Million)
Figure 36. China Hydrogen Fueling Station Market, 2024-2035 ($ Million)
Figure 37. Japan Hydrogen Fueling Station Market, 2024-2035 ($ Million)
Figure 38. India Hydrogen Fueling Station Market, 2024-2035 ($ Million)
Figure 39. Australia Hydrogen Fueling Station Market, 2024-2035 ($ Million)
Figure 40. South Korea Hydrogen Fueling Station Market, 2024-2035 ($ Million)
Figure 41. Rest of Asia-Pacific Hydrogen Fueling Station Market, 2024-2035 ($ Million)
Figure 42. Latin America Hydrogen Fueling Station Market, 2024-2035 ($ Million)
Figure 43. Middle East Hydrogen Fueling Station Market, 2024-2035 ($ Million)
Figure 44. Africa Hydrogen Fueling Station Market, 2024-2035 ($ Million)
Figure 45. Top Winning Strategies, by Year (2020-2023)
Figure 46. Top Winning Strategies, by Development (2020-2023)
Figure 47. Top Winning Strategies, by Company (2020-2023)
Figure 48. Product Mapping of Top 10 Players
Figure 49. Competitive Dashboard
Figure 50. Competitive Heatmap: Hydrogen Fueling Station Market
Figure 51. Top Player Positioning, 2024
Figure 52. Air Liquide: Net Revenue, 2020-2022 ($ Million)
Figure 53. Air Liquide: Revenue Share by Segment, 2022 (%)
Figure 54. Air Liquide: Revenue Share by Region, 2022 (%)
Figure 55. Air Products and Chemicals, Inc.: Net Sales, 2020-2022 ($ Million)
Figure 56. Air Products and Chemicals, Inc.: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 57. Air Products and Chemicals, Inc.: Revenue Share by Segment, 2022 (%)
Figure 58. Air Products and Chemicals, Inc.: Revenue Share by Region, 2022 (%)
Figure 59. Ballard Power Systems: Net Sales, 2020-2022 ($ Million)
Figure 60. Ballard Power Systems: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 61. Ballard Power Systems: Revenue Share by Segment, 2022 (%)
Figure 62. Ballard Power Systems: Revenue Share by Region, 2022 (%)
Figure 63. China Petrochemical Corporation: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 64. China Petrochemical Corporation: Net Sales, 2020-2022 ($ Million)
Figure 65. China Petrochemical Corporation: Revenue Share by Segment, 2022 (%)
Figure 66. China Petrochemical Corporation: Revenue Share by Region, 2022 (%)
Figure 67. Cummins Inc.: Net Sales, 2020-2022 ($ Million)
Figure 68. Cummins Inc.: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 69. Cummins Inc.: Revenue Share by Segment, 2022 (%)
Figure 70. Cummins Inc.: Revenue Share by Region, 2022 (%)
Figure 71. Fuelcell Energy, Inc.: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 72. Fuelcell Energy, Inc.: Net Sales, 2020-2022 ($ Million)
Figure 73. Fuelcell Energy, Inc.: Revenue Share by Region, 2022 (%)
Figure 74. Itm Power plc: Net Revenue, 2020-2022 ($ Million)
Figure 75. Itm Power plc: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 76. Itm Power plc: Revenue Share by Region, 2022 (%)
Figure 77. Itm Power plc: Revenue Share by Segment, 2022 (%)
Figure 78. Nel Asa: Net Sales, 2020-2022 ($ Million)
Figure 79. Nel Asa: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 80. Nel Asa: Revenue Share by Segment, 2022 (%)
Figure 81. Nel Asa: Revenue Share by Region, 2022 (%)
Figure 82. Nuvera Fuel Cells, LLC: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 83. Nuvera Fuel Cells, LLC: Net Sales, 2020-2022 ($ Million)
Figure 84. Nuvera Fuel Cells, LLC: Revenue Share by Segment, 2022 (%)
Figure 85. Nuvera Fuel Cells, LLC: Revenue Share by Region, 2022 (%)
Figure 86. Shell: Net Sales, 2020-2022 ($ Million)
Figure 87. Shell: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 88. Shell: Revenue Share by Segment, 2022 (%)
Figure 89. Shell: Revenue Share by Region, 2022 (%)
Figure 90. Linde plc: Net Revenue, 2020-2022 ($ Million)
Figure 91. Linde plc: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 92. Linde plc: Revenue Share by Region, 2022 (%)
Figure 93. Linde plc: Revenue Share by Segment, 2022 (%)
Figure 94. Totalenergies: Net Sales, 2020-2022 ($ Million)
Figure 95. Totalenergies: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 96. Totalenergies: Revenue Share by Segment, 2022 (%)

Executive Summary

The Hydrogen Fueling Station Market is expected to experience a significant growth rate of 35.9% from 2024-2035 owing to increasing adoption of hydrogen powered vehicles across the globe.

Hydrogen fueling stations have gained tremendous focus after the successful progress with cell electric vehicles, which came into existence depending on hydrogen power. Thus, hydrogen filling stations have attracted much attention following the recent success of cell electric vehicles powered by hydrogen. These stations generally consist of a hydrogen storage system, a cooling system, and a dispenser with a nozzle that connects with the fuel cell vehicle. It is designed to route highly pressured hydrogen to the nozzle for refueling the vehicle with up to 700 bar or in other cases, 350 bar. The hydrogen refueling process is constantly monitored electronically & takes roughly three minutes to refuel a fuel cell electric vehicle (FCEV). Currently, the increased number of retail hydrogen fueling locations in select markets supports the initial rollout of fuel cell electric vehicles (FCEVs). Manufacturers including Honda, Hyundai, and Toyota are currently offering production FCEVs for sale or lease to customers in markets where hydrogen fuel is available, primarily in California (U.S.).

The key factors driving the growth of the hydrogen fueling station market include stringent government regulations to control increasing pollution, high suitability of hydrogen as fuel, and increase in R&D activities related to hydrogen fuel cell technology supplement the growth of the hydrogen fueling station market. Unlike conventional power generation sources, fuel cells do not emit hazardous gases and pollution which is harmful for the environment. Also, depletion of natural resources, carbon emissions, and rise in cost of fossil fuels is paving way for alternate means of transportation and power generation. Therefore, continuous efforts have been taken by both public and private sectors to reduce carbon emissions and save fuel. Strict government regulations related to CO2 and SO2 emission drive the growth of the hydrogen fueling station market globally. For instance, in 2020, the European Commission issued a regulatory proposal confirming an 81g/km target by 2025, and 59g/Km target by 2030. Strict government regulations such as 81g/km CO2 emissions in Europe and 113g/Km CO2 emissions after 2022 by Corporate Average Fuel Economy (CAFE) in the U.S., are the major factors supporting the growth of the hydrogen fueling station market. Hydrogen fuel cells are considered environment friendly as compared to the other conventional power generation systems, thereby increasing their demand worldwide. Strict government mandates in Asia-Pacific, mainly in China and Japan also contributes toward the growth of the hydrogen fueling market. In addition, 'Go Green” revolution is another factor driving the market growth.

The market also offers opportunistic factors to the key players operating in the market to enhance their services, which creates ample opportunities for the growth of the market across the globe. This includes the factors such as technological advancements & future potential in the hydrogen fuel cell vehicle and increase in investments and encouragement in administrative policy framework. The setup of a new hydrogen fueling station requires a wide range of handling & processing equipment to dispense at the required rates effectively. Various scale component manufacturers have unveiled significant efforts to boost their manufacturing capabilities & introduce innovative systems that will pave new opportunities for the global hydrogen fueling station market. For instance, in April 2022, TotalEnergies announced the opening of a new hydrogen refueling station in Breda. The Netherlands. The station was a part of the Interreg project ‘Hydrogen region 2.0’, which was coordinated by H2 knowledge and cooperation platform WaterstofNet. Furthermore, the refueling station was capable of supplying hydrogen with both 700 and 350 bar filling pressures. Furthermore, rising carbon emission levels have led various countries to introduce strict regulations to check GHG discharges in the short, medium, and long terms. For instance, in April 2021, the Japan government pledged to accomplish 46% reduction in greenhouse gas emissions by 2030 as compared to 2013 levels. Hence, these factors are expected to create lucrative opportunity for the market during the forecast period.

The defense geospatial market is segmented into station type, vehicle type, vehicle technology, delivery method, and region. By station type, the market is divided into small, medium, and large. By vehicle type, it is fragmented into passenger cars and commercial vehicles. By vehicle technology, it is categorized into proton exchange membrane fuel cell, phosphoric acid fuel cells, and others. By delivery methods, it is further classified into on-site and off-site. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the study include Air Liquide, Air Products and Chemicals, Inc., 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, TotalEnergies, and TrueZero. The developments carried out by these companies supplement the growth of the market across the globe. For instance, in June, 2023, Air Liquide & Iveco Group opened the first high-pressure hydrogen station for long-haul trucks in Europe. This strategy marks a step forward in the two companies' commitment to the development of hydrogen mobility in Europe. Similarly, in May, 2023, Air Products and Chemicals, Inc. signed an agreement with Aers Energy België to develop a multi-fuel, hydrogen refueling station for trucks. The new station will be the first commercial-scale hydrogen refueling station in Europe with liquid hydrogen storage. It will be built and operated by Air Products in addition to other liquid hydrogen refueling stations the company is developing throughout Europe.

Key Market Insights

By station type, the small segment was the highest revenue contributor to the market, and is estimated to reach $17.38 billion by 2035, with a CAGR of 35.1%.

By vehicle type, the passenger cars segment dominated the global market, and is estimated to reach $15.06 billion by 2035, with a CAGR of 35.4%.

By vehicle technology, the proton exchange membrane fuel cell segment was the highest revenue contributor to the market, with $7.71 billion in 2035, with a CAGR of 34.2%.

By delivery method, the on-site segment was the highest revenue contributor to the market, with $16.14 billion in 2035, with a CAGR of 36.7%.

By region, Asia-Pacific was the highest revenue contributor, accounting for $9.53 billion in 2035, with a CAGR of 35.7% during the forecast period.

Companies Mentioned

  • TotalEnergies
  • Ballard Power Systems
  • Air Products and Chemicals, Inc.
  • FirstElement Fuel Inc.
  • FuelCell Energy, Inc.,
  • Nuvera Fuel Cells, LLC
  • SHELL
  • H2Energy Solutions Ltd.
  • China Petrochemical Corporation
  • Cummins Inc.
  • Air Liquide
  • PDC Machines Inc.,
  • ITM Power PLC
  • Black & Veatch Holding Company
  • Nel ASA
  • Linde plc
  • TrueZero

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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