Hydrogen Fueling Station Market

Global Hydrogen Fueling Station Market Analysis and Opportunity Assessment by Station Type, Vehicle Type, Vehicle Technology, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 2,454.8Mn between 2022 and 2032

Category: Oil & Gas Published Date : November 2022 ID: CVC-00533 Format: PDF Pages: 300

Hydrogen Fueling Station Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Hydrogen Fueling Station Market grew at a CAGR of 15.3% between 2017-2021 and is estimated to be US$ 317.4Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 24.2% and is expected to reach a valuation of US$ 2,772.2Mn by 2032 end.

One of the most common industrial gases is hydrogen (H2), widely available in various chemical forms. The industry has quickly embraced several hydrogen generation techniques to create and sell H2 gas for multiple uses. To efficiently store and replenish liquefied or gaseous hydrogen, a Hydrogen Refueling Station (HRS) is built with various compressors and accumulators.

Fuel Cell Electric Vehicles frequently make use of the chemical (FCEVs). The H2 fuel is a direct replacement for cars that run on fossil fuels because it only emits heat and water vapor as waste products. It drives trains, planes, ships, and various-sized passenger carriages and operates light and heavy-duty vehicles.

Market Dynamic


Consumers’ growing propensity to use different kinds of zero-emission automobiles opens up new business opportunities. Numerous small- and large-scale automakers have launched new initiatives to increase FCEV adoption and help the shift toward the decarbonization of the automotive industry. In the coming ten years, green trucks will become more affordable and accessible because of ongoing improvements in fuel technologies and zero-emission cars, according to a March 2022 report by the DOE’s National Renewable Energy Laboratory.

Increased usage of fuel-cell electric vehicles in the trucking business will help to expedite the adoption of electric cars, address the climate issue, and boost local manufacturing while also helping to decarbonize the country’s transportation sector.


HRS facilities must be built with various cryogenic and non-cryogenic components to handle highly volatile hydrogen fuel, costing significant expenses. The prognosis for the hydrogen fueling station industry may be hindered by high startup costs for new projects and the complicated administration of bulk capacity stations handling and delivering a big amount of H2.


Creating a new hydrogen filling station requires a wide range of handling and processing equipment to dispense successfully at the appropriate rates. Many scale component producers have made substantial efforts to improve their manufacturing capacities and roll out cutting-edge technologies that will open up new prospects for expanding the global hydrogen fueling station market.

For instance, Lotte Chemical and Air Liquide Korea established a joint venture in May 2022 to extend the South Korean hydrogen supply chain for automobiles. Large-scale hydrogen fuelling stations will be built by enterprises in Ulsan and Daesan.

Hydrogen Fueling Station Market

Market Segments Covered in Report

By Station Type:

  • Medium Stations
  • Large Stations
  • Small Stations

By Vehicle Type:

  • Passenger Cars
  • Commercial Vehicles

By Vehicle Technology:

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

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why are small stations set to account for a significant share over the forecast period?

The small market is expanding significantly due to the rapid rise in passenger and light commercial vehicles using hydrogen fuel. The expansion of programs to replace the fleet of public vehicles with low-carbon technology will probably spur demand for medium-sized stations.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

  • In the upcoming years, Asia Pacific is anticipated to account for the greatest market share for hydrogen refueling stations worldwide. The region had a market share of 43.0% and was valued at USD 0.22 billion.
  • Tax advantage laws, the presence of diverse-sized businesses, technological improvements, and committed R&D projects all favor North America.

Competition Analysis

With numerous competitors operating at various supply chain levels, the worldwide industry is extremely competitive. To increase consumer reach, industry members also stress introducing new parts for vehicles and HRS facilities, such as tanks and compressors. The organizations are also focusing on participating in various combined operation projects to broaden their technological perspectives.

The recent developments in the Global Hydrogen Fueling Station Market:

  • In December 2021, An MoU was signed by Air Liquide and IVECO, a CNH Industrial brand for commercial vehicles, to advance the use of hydrogen for mobility throughout Europe. Combining the two companies’ complementary strengths, such as Air Liquide’s unmatched expertise across the entire hydrogen value chain from creation and storage to supply, and IVECO’s history as a provider of cutting-edge, clean, sustainable transportation solutions, the partnership will help bring clean mobility to life.

A list of some of the key suppliers present in the market are:

  • Air Liquide
  • Ballard Power Systems
  • FirstElement Fuel, Inc.
  • Air Products
  • Hydrogenics
  • Praxair, Inc
  • Nel Hydrogen
  • Linde Engineering
  • FuelCell Energy
  • Nuvera Fuel Cells, LLC

Report Coverage and Highlights

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.
Research ScopeDetails
Forecast period2022-2032
Historical data available for2017-2021
Market analysisUSD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions coveredNorth America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries coveredUS, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments coveredBy Station Type, Vehicle Type, Vehicle Technology, and Region
Customization scopeAvailable upon Request
Pricing and purchase optionsAvailable upon Request