Hydrogen Fueling Station Market Size, Share & Trends Analysis Report By Size (Small Station, Medium Station, Large Station), By Type (On-site, Off-site), By Mobility, By End-use, By Region, And Segment Forecasts, 2023 - 2030

Hydrogen Fueling Station Market Trends

The global hydrogen fueling station market size was estimated at USD 639.4 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 24.5% from 2023 to 2030. The driving factors for the growth of the market include the increasing demand for zero-emission vehicles, as well as government initiatives and policies aimed at promoting the adoption of hydrogen fuel cell vehicles. As more countries set targets to reduce their carbon emissions and improve air quality, there is growing interest in fuel cell vehicles as promising alternatives to gasoline and diesel vehicles. Hydrogen fuel cell vehicles emit only water and do not produce harmful air pollutants, making them an attractive option for consumers and policymakers.

The hydrogen fueling station industry in the U.S. is driven by a combination of regulatory support, technological innovation, and a growing commitment to decarbonize the transportation sector. Government initiatives and policies aimed at reducing carbon emissions, such as federal grants and incentives, tax credits, and funding for R&D, play a crucial role in stimulating investment and infrastructure development. Additionally, partnerships between automotive manufacturers, energy companies, and government agencies are driving innovation in hydrogen production and distribution technologies, making fuel cell vehicles more viable and attractive to consumers. In May 2023, Voltera and Nikola announced a partnership to set up 50 hydrogen stations in North America.

The drive for self-reliance in energy and the vision to establish a resilient national hydrogen sector are significant drivers for the market in the country. Hydrogen is increasingly recognized as an adaptable and eco-friendly substitute for traditional fuels, especially in demanding sectors like heavy-duty transportation and long-distance travel. Consequently, the U.S. is witnessing a consistent development of its hydrogen refueling toward greener and more sustainable transportation options. So, the aforementioned factors are expected to fuel the demand for hydrogen refueling stations over the forecast period.

Size Insights

Based on size, the hydrogen fueling station market has been divided into small, medium and large station. The medium station segment constituted the largest market share, accounting for over 56.43% in 2022 and is anticipated to witness considerable growth over the forecast period. With the increasing adoption of hydrogen-powered vehicles, there is a rising requirement for convenient refueling infrastructure, especially in urban and suburban regions. Medium-sized stations are adept at meeting this demand, offering a suitable balance between capacity and spatial needs. Furthermore, progress in hydrogen production methods and a shift toward sustainable sourcing are augmenting the feasibility and appeal of hydrogen as a clean energy carrier.

Large hydrogen refueling stations emerged as the fastest-growing segment. With a growing acceptance of hydrogen-powered vehicles, particularly in sectors such as heavy-duty transportation and industrial applications, there exists a pressing demand for substantial refueling infrastructure. Refueling stations of a larger scale are well-equipped to meet this requirement, offering the necessary capacity and efficiency to serve a larger volume of vehicles. The emergence of hydrogen-powered heavy-duty vehicles is expected to propel demand over the forecast period.

Type Insights

Based on type, the market has been divided into on-site and off-site category. The on-site segment accounted for the largest revenue share of over 56% in 2022. The increasing demand for on-site hydrogen fueling stations is attributed to several key factors. As industries and transportation sectors seek to reduce their carbon footprint, on-site stations offer a convenient and efficient solution for refueling hydrogen-powered vehicles. These stations provide a localized and reliable supply of hydrogen, eliminating the need for transportation and storage of the fuel, which can be particularly advantageous in remote or densely populated areas.

The growing demand for off-site hydrogen fueling stations is influenced by several critical factors. As the adoption of hydrogen-powered vehicles gains momentum, there is a heightened need for accessible refueling infrastructure, especially in urban and suburban areas where space constraints may limit on-site options. Off-site stations offer a practical solution by centralizing hydrogen production and distribution, allowing for greater scalability and flexibility in meeting refueling demands in various industries like automobile, marine, aviation, and others. In July 2023, ADNOC announced the development of its first hydrogen refueling station in the Middle East to power a hydrogen-powered fleet of commercial vehicles.

Mobility Insights

Based on mobility, the market has been divided into fixed station and mobile station. The fixed-station segment constituted the largest revenue share of 52.16% in 2022. The rising demand for fixed stations can be attributed to several key factors. As the shift toward hydrogen-powered vehicles gains momentum, there is an increasing need for reliable and stationary refueling infrastructure. Fixed stations provide a consistent and readily available source of hydrogen, offering convenience and accessibility to a growing user base. Furthermore, advancements in fixed hydrogen generation technologies, such as on-site electrolysis and pipeline supply, are enhancing the viability and sustainability of these stations.

In September 2021, Atawey’s launch of mobile hydrogen refueling station accelerated hydrogen mobility deployment by improving access to vehicle refueling (buses, coaches, trucks, dumpsters, vans, etc.). the mobile station segment is expected to grow significantly. As the adoption of hydrogen-powered vehicles is increasing, there is a growing need for flexible and easily deployable refueling solutions. Mobile stations offer a versatile option, capable of reaching areas where fixed infrastructure is limited or non-existent. This is particularly valuable for remote or temporary operations, as well as during emergencies or special events.

End-use Insights

Based on end-use, the market has been divided into marine, railway, commercial vehicle, and aviation. The commercial vehicle segment accounted for the largest revenue share of 46.21% in 2022. The demand for hydrogen-based commercial vehicles is experiencing notable growth, driven by several key factors. As industries and transportation sectors seek to reduce their carbon footprint, particularly in areas with demanding operational requirements, hydrogen fuel cell technology offers an attractive solution. These vehicles provide a viable alternative to traditional internal combustion engines, especially for heavy-duty applications like trucks, buses, and other commercial fleets.

Increasing demand for hydrogen as a vehicle fuel is anticipated to augment the market growth over the coming years. Many car manufacturers are investing into the development of cars powered by hydrogen. For instance, in September 2021, Hyundai announced its plans to offer hydrogen fuel cell powered vehicles for all of its commercial vehicles by 2028. Other companies that plan to launch new hydrogen powered vehicles in the coming years are Toyota Motors; BMW AG, and Volkswagen group which is expected to boost demand in the forecast period.

Regional Insights

Asia Pacific accounted for the largest revenue share of 65.31% in 2022. It dominated the market with largest number of hydrogen refueling stations. The demand for hydrogen fueling stations in the region has been steadily growing, driven by several key factors. Increasing concerns about climate change and the need to reduce greenhouse gas emissions have led to a greater emphasis on cleaner energy alternatives, including hydrogen. As a result, governments, industry stakeholders, and consumers are increasingly interested in promoting the development of a robust hydrogen infrastructure. Additionally, advancements in hydrogen production technologies, particularly in the field of electrolysis and renewable hydrogen production, are bolstering confidence in the viability of hydrogen as a clean energy carrier.

In terms of revenue, Europe accounted for the second-largest global market share of 23.08% in . In Europe, the demand for hydrogen fueling stations has experienced a notable surge, driven by several pivotal factors. The continent's ambitious climate targets and the imperative to decarbonize various sectors, particularly transportation, have propelled governments, industries, and consumers toward cleaner energy solutions. Hydrogen, as a versatile and zero-emission fuel, holds immense potential to play a central role in this transition.

Key Companies & Market Share Insights

The market is characterized by the presence of several key players and a few medium and small-scale regional players. Many of the companies have their own sector that they focus on, and have a very high penetration in that sector. For instance, in March 2022, ITM Power PLC, one of the energy storage and clean fuel companies, signed an agreement with Vitol Holdings SARL to form a 50:50 joint venture called ITM Motive Limited for the development and launch of new green hydrogen refueling stations. This partnership helps facilitate the production, distribution, and demand stimulation of hydrogen in transportation applications.  Some prominent players in the global hydrogen fueling station market include:

• Air Liquide

• China Petrochemical Corporation

• H2ENERGY SOLUTIONS LTD

• Cummins Inc.

• Air Products and Chemicals

• FuelCell Energy, Inc.

• ITM Power PLC

• Ballard Power Systems

• NEL ASA

• TotalEnergies

Hydrogen Fueling Station Market Report Scope

Global Hydrogen Fueling Station Market Report Segmentation

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. Forthis study, Grand View Research has segmented the global hydrogen fueling station market report based on size, type, mobility, end-use, and region:

• Size Outlook (Volume, Units; Revenue, USD Million, 2018 - 2030)

  • Small Station

  • Medium Station

  • Large Station

• Type Outlook (Volume, Units; Revenue, USD Million, 2018 - 2030)

  • On Site

  • Off Site

• Mobility Outlook (Volume, Units; Revenue, USD Million, 2018 - 2030)

  • Fixed Hydrogen Station

  • Mobile Hydrogen Station

• End-use Outlook (Volume, Units; Revenue, USD Million, 2018 - 2030)

  • Marine

  • Railways

  • Commercial Vehicles

  • Aviation

• Regional Outlook (Volume, Units; Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • UK

    • Spain

    • Italy

    • Netherlands

    • Norway

    • Denmark

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • South Korea

    • Singapore

    • Malaysia

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • UAE

    • South Africa