Hydrogen Fueling Station Market

Hydrogen Fueling Station Market Size by Size (Small & Medium Size and Large Size), Type (Fixed Station and Mobile Station), End User (Railways, Marine, Commercial Vehicle and Aviation), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Base Year: 2022 Historical Data: 2019-21
  • Report ID: TBI-13931
  • Published Date: Jan, 2024
  • Pages: 238
  • Category: Energy & Power
  • Format: PDF
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The global Hydrogen Fueling Station market was valued at USD 602.76 Million in 2022 and growing at a CAGR of 21.23% from 2023 to 2032. The market is expected to reach USD 4,132.79 Million by 2032. This market growth is attributed to a surge in the demand for zero-emission vehicles. Also, the leading OEMs are getting supported by the government to invest in R&D of the fuel cell electric vehicles (FCEVs). The demand for FCEVs is growing, and hence, there is a requirement for hydrogen fueling station infrastructure. Investment is also happening in the private and public sectors in emerging economies. Hence, the growing adoption of FCEVs and initiatives to mitigate the greenhouse gas emissions of the mobility sector is driving the hydrogen fueling station market.

Market Introduction:

Hydrogen fueling stations are an important part of the infrastructure supporting hydrogen-powered vehicles, especially the FCEVs. These stations can become crucial for adopting clean and sustainable transport. These stations mainly cater to FCEVs, which use hydrogen to produce electricity through fuel cells and emit only water vapour. These stations have components like storage tanks, hydrogen dispensers, compression systems and safety features similar to traditional gasoline dispensers. Based on one of the studies, more than 27,500 hydrogen fuel cell vehicles were sold from the beginning of their first sale till the end of 2020, even without a robust hydrogen fueling infrastructure. It is estimated that over 19 million passenger hydrogen fuel cells will be sold or leased by 2035, consisting of vehicles that have already been sold. After the sales went down during the pandemic, it is estimated that the passenger hydrogen fuel vehicle sales will pick up fast post-pandemic. The sales would be attributed to the steady development of significant hydrogen fueling infrastructure in many important markets. Also, many automobile manufacturers are looking to enter the market shortly. For instance, BMW is planning to launch the fuel-cell sedan, and similarly, Jaguar Land Rover is planning to enter the market with large fuel-cell SUVs. Automobile manufacturers such as Toyota, Honda, Hyundai, and SAIC are already in the hydrogen fuel cell vehicle market. There is an estimation that by 2070, the total hydrogen demand will be around 500 million metric tons, and the transportation sector will be the highest hydrogen consumer. Hence, hydrogen-powered electric vehicles are being adopted as they can be the potential alternative to gasoline-powered cars as they have faster refuelling time and longer driving range. All these factors eventually drive the growth of the hydrogen fueling station market.

Hydrogen Fueling Station Market Size

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Recent Development
  • In February 2023: Air Liquide and TotalEnergies are creating an equally owned joint venture to form a network of around 100 hydrogen stations on important European roads for heavy-duty European vehicles. These factors are helping the organization expand its market share in the Hydrogen Fueling Station market.
  • In June 2023: Nel Hydrogen Inc., a NEL ASA subsidiary, received the purchase order from an undisclosed US energy organization. This order is for delivering 16 hydrogen fueling stations, which will be deployed in California, US. It helps the organization gain market share in the Hydrogen Fueling Station market.    
  • In September 2023: Air Products partnered with Chengzhi, a tech organization, to speed up the transport decarbonization of the Yangtze River Delta region of China by launching the first commercial-scale hydrogen fuel station in Changshu City of Jiangsu province of China, which can fuel city buses and heavy-duty trucks in logistics. These strategies help organizations grow in the market.

Market Dynamics:


Growing demand for hydrogen-based vehiclesThere is a growing demand for hydrogen-based vehicles, and many leading automobile organizations are focusing on launching hydrogen-based vehicle models. For instance, Hyundai sold around 4,700 hydrogen vehicles in the first half of 2021, and Toyota sold around 3,700 units in the same duration. Based on another study, around 400 million cars, nearly 5 million buses, and  15 to 20 million trucks will be powered by hydrogen by 2050. Hence, the growing demand for fuel cell cars led to a surge in the requirement for hydrogen filling stations and their helping infrastructure. It would help reduce the growing concerns of climate change, air pollution, and energy security. All these factors are eventually driving the Hydrogen Fueling Station market.


High capital investment– The setting up of hydrogen fueling stations requires high capital investment and technology. Also, the installation of hydrogen filling stations requires more capital spending than conventional petrol stations. So, high capital investment could discourage investors. Also, there is strong competition from alternative fuel cell sources like electric cars and biofuels, which hinder the growth of the market. All these factors are acting as restraints for the market.


Roadmap plan of Hydrogen in Europe and Asia– Based on one of the studies of 2020, it is estimated that there will be around 3,700 hydrogen refuelling stations in Europe by 2030. Similarly, there is an estimation of around 3.7 million fuel-cell passenger vehicles, 500,000 fuel-cell light commercial vehicles and 45,000 fuel-cell trucks and buses in Europe by 2030. Also, by 2030, fuel cell trains will probably replace around 570 diesel trains in Europe. Many refuelling and energy organizations focus on increasing the number of hydrogen fueling stations globally. For instance, Exolum partnered with Naturgy and Scale Gas to develop hydrogen production, distribution and supply infrastructure across Spain. Also, the government of South Korea is planning to develop around 1,200 hydrogen fueling stations by 2040 to cement hydrogen as the country's main energy source. These factors would propel the hydrogen fueling station market in the forecasting period.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the largest market for the global Hydrogen Fueling Station market, with a 62.50% share of the market revenue in 2022. This lion's share is attributed to many Asian Pacific countries focusing on pilot projects or developing electrolyzer-based hydrogen fueling stations in the region. They have started investing in feasibility studies, pilot projects, and the new deployment of hydrogen fueling stations, especially in South Korea and Japan. China holds around one-third of the global deployment of hydrogen fueling stations. Japan has the second-highest deployment of hydrogen fueling stations, and Korea comes after that. Other countries in the region that are seriously focusing on deploying hydrogen stations are Australia, New Zealand, and India.

Asia Pacific Region Hydrogen Fueling Station Market Share in 2022 - 62.50%



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  • The European region shows the fastest growth rate and second highest market share in the hydrogen fueling station market, and this is attributed to countries like Germany, the only European nation with the deployment of over 100 hydrogen stations. Other European countries broadly focusing on deploying hydrogen stations are France, the UK, Spain, Slovenia, the Netherlands, and Switzerland, among others.
Size Segment Analysis

The size segment is divided into small & medium size and large size. The small & medium size segment dominated the market, with a market share of around 86.81% in 2022. This market share is attributed to the growing adoption of hydrogen-based vehicles, leading to the growing need for proper refuelling infrastructure in urban areas. Small and medium-sized stations are suitable for such demand.

Type Segment Analysis

The type segment is divided into fixed station and mobile station. The fixed station segment dominated the market, with a market share of around 55.56% in 2022. This market share is attributed to the growing demand for fixed stations. The demand for hydrogen-based vehicles is growing; hence, there is a growing requirement for reliable and fixed refuelling infrastructure. These stationary stations can be the consistent hydrogen source, catering to a rising user base.

End User Segment Analysis

The end user segment is divided into railways, marine, commercial vehicle and aviation. The commercial vehicle segment dominated the market, with a market share of around 48.31% in 2022. This market share is attributed to the growing demand for hydrogen-powered electric vehicles, as they are considered good alternatives to gasoline-powered vehicles because of their longer drive range and fast refuelling time. The largest adopter of hydrogen is the mobility sector due to its contribution to the net zero movement.

Some of the Key Market Players:
  • Cummins Inc.
  • China Petrochemical Corporation
  • Ballard Power Systems
  • TotalEnergies
  • Air Liquide
  • Air Products and Chemicals
  • FuelCell Energy, Inc.
  • ITM Power PLC

Report Description:

Attribute Description
Market Size Revenue (USD Million)
Market size value in 2022 USD 602.76 Million
Market size value in 2032 USD 4,132.79 Million
CAGR (2023 to 2032) 21.23%
Historical data 2019-2021
Base Year 2022
Forecast 2023-2032
Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
Segments Size, Type and End User

Frequesntly Asked Questions

Asia Pacific region emerged as the largest market for the Hydrogen Fueling Station.

The market's growth will be influenced by growing demand for hydrogen-based vehicles.

High capital investment could hamper the market growth.

Roadmap plan of Hydrogen in Europe and Asia will provide huge opportunities to the market.

Key players are Cummins Inc., H2ENERGY SOLUTIONS LTD, NEL ASA, China Petrochemical Corporation, Ballard Power Systems, TotalEnergies, Air Liquide, Air Products and Chemicals, FuelCell Energy, Inc. and ITM Power PLC among others.

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This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global Hydrogen Fueling Station market based on below mentioned segments:

Global Hydrogen Fueling Station Market by Size:

  • Small & Medium Size
  • Large Size

Global Hydrogen Fueling Station Market by Type:

  • Fixed Station
  • Mobile Station

Global Hydrogen Fueling Station Market by End User:

  • Railways
  • Marine
  • Commercial vehicle
  • Aviation

Global Hydrogen Fueling Station by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa


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