Hydrogen Filling Station Market Global Forecast & Trends

Dublin, August 23, 2024 (GLOBE NEWSWIRE) — The report “Hydrogen Refueling Station Market by Supply Type (On-Premise, Off-Premise (Gas, Liquid)), Station Type (Fixed, Mobile), Station Size (Small, Medium, Large), Pressure (High, Low), Solution (EPC, Components), Region – Global Forecast and Trends to 2030” has been added to The Offer.

The hydrogen refueling station market is expected to grow from USD 0.5 billion in 2024 to USD 1.8 billion by 2030, at a compound annual growth rate of 23.8% during the forecast period. This is due to the rising demand for zero-emission vehicles driven by environmental concerns and stringent emission regulations, which is increasing the need for hydrogen refueling stations.

Zero-emission vehicles, which include hydrogen fuel cell vehicles, do not emit pollutants from their tailpipes and are therefore a very effective option in efforts to reduce air pollution in cities and meet climate goals. A growing market for zero-emission vehicles directly increases the demand for supporting infrastructure such as hydrogen refueling stations. Policies and regulations that favor hydrogen as a clean energy source are driving market growth.

Medium-sized stations will be the fastest growing market by station size segment from 2024 to 2030

For medium-sized stations, the operational efficiency can be higher due to optimized resource utilization and less downtime. They somehow balance the underutilization of small stations and the possible overload of large stations, thus ensuring more stable performance. Another point is that the technology required for medium-sized stations is more mature and widely available than that for large stations. This technological feasibility reduces development risks and encourages investment in medium-sized infrastructure.

In addition, mid-sized stations have a better opportunity to capture markets by targeting areas with medium to high demand. Their size provides the versatility needed to operate in many locations, increasing overall market coverage and accessibility for customers. In addition, the overall economics of mid-sized stations in terms of construction, maintenance and operation greatly benefit the projected growth of the hydrogen fuel cell vehicle market. This balance of their economics makes them a preferred choice for long-term investments.

EPC is expected to be the fastest growing market from 2024 to 2030.

EPC companies provide turnkey end-to-end solutions for project management from design to completion. Essentially, it is an end-to-end solution that most investors and developers find very attractive as it relieves them of the complexity of the project. In addition, EPC companies have special, in-depth expertise and extensive experience in large infrastructure projects and ensure high-quality execution of the work in accordance with industry standards. This is a key competency for the successful delivery of hydrogen refueling stations.

In addition, EPC companies can shorten the duration of a project through overlapping project phases and resource management. Faster project completion times enable them to meet market demand and gain competitive advantages. In addition, EPC companies can better manage the complex regulatory environment when they have a thorough understanding of the industry’s regulations and compliance requirements. In this way, their expertise ensures that a project meets all required legal and environmental standards.

On-site is expected to be the fastest growing market by supply type from 2024 to 2030

On-site hydrogen production eliminates the need to transport hydrogen from external production facilities to consumers, significantly saving on associated transportation costs and eliminating the problems associated with logistics. In addition, on-site production reduces emissions associated with transporting hydrogen over long distances, thereby reducing the overall carbon footprint and meeting environmental sustainability goals.

On-site production reduces the hazard risk associated with transporting and handling large volumes of hydrogen. This increases the overall safety of the hydrogen supply process. On-site production systems can be optimized to meet the needs of a single refueling station and therefore offer greater flexibility in terms of production capacity and hydrogen purity. Since on-site systems can be deployed more quickly than extensive off-site production and distribution infrastructure, they would enable new hydrogen refueling stations to be built more quickly.

North America is expected to be the fastest growing region in the hydrogen refueling station market.

The governments of the United States and Canada are offering financial incentives in the form of subsidies in the form of tax credits and grants for the development of hydrogen refueling infrastructure to encourage the adoption of hydrogen technology. In addition, strict environmental laws regarding greenhouse gas emissions act as an incentive for the increasing adoption of zero-emission vehicles such as hydrogen fuel cell vehicles, which in turn increases the demand for hydrogen refueling stations.

In addition, the feasibility and efficiency of deploying hydrogen refueling stations is a given due to numerous technological developments and innovations in hydrogen production, storage and refueling technology in North America. As a result, many major corporations and automotive manufacturers are also investing heavily in hydrogen fuel cell technology and infrastructure, accelerating the development and deployment of hydrogen refueling stations in the region. Overall, with increasing consumer and business demand – driven by environmental awareness and corporate sustainability goals – the need for a comprehensive hydrogen refueling station network is coming to the fore.

Main features:

Main topics covered:

Premium Insights

• Attractive opportunities for players in the hydrogen refueling station market
• Hydrogen filling station market by station size
• Hydrogen filling station market after pressure
• Hydrogen filling station market by station type
• Hydrogen filling station market, by solution
• Hydrogen filling station market by supply type
• Asia Pacific Hydrogen Refueling Station Market by Station Size and Country
• Hydrogen filling station market by region

Market dynamics

driver

• Increasing private-public investments in the expansion of hydrogen filling stations
• Increasing use of FCEVs in various transport modes

Restrictions

• Requirement of a significant initial investment
• Underdeveloped hydrogen infrastructure

Opportunities

• Government initiatives to accelerate the expansion of hydrogen filling stations
• Increasing focus on building a hydrogen-based economy

challenges

• Risks associated with the introduction of hydrogen networks for fuel cell vehicles

Case study analysis

• Audubon supports Shell in operating hydrogen refueling stations for light and heavy commercial vehicles
• Emerson supplies Tescom products to automotive companies for efficient fuel flow control
• Australia promotes renewable hydrogen for sustainable and economical transport in Geelong

Profiled companies

• Air Liquide
• Nel Asa
• Linde PLC
• Air Products and Chemicals, Inc.
• Hydrogen refueling solutions
• Maximator Hydrogen GmbH
• Mcphy Energy SA
• Iwatani Corporation
• Ingersoll-Rand
• Chart Industries
• Peric Hydrogen Technologies Co. Ltd.
• H2Mobility
• PDC machines
• Sera GmbH
• Hydrogenious LoHC technologies
• Powertech Labs Inc.
• Resato hydrogen technology
• Galileo Technologies S.A.
• Nikola Corporation
• Modest hydrogen
• Atawey
• Oneh2
• China Petrochemical Corporation
• Virya Energy
• Nuvera fuel cells

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• Global hydrogen refueling station market