The “Hydrogen Fueling Station Market by Supply Type, Station Size (Small Stations, Mid-Sized Stations, Large Stations), Station Type (Fixed Hydrogen Stations, Mobile Hydrogen Stations), Pressure, Solution (EPC, Components) and Region – Global Forecast to 2030” report has been added to ResearchAndMarkets.com‘s offering.
The global hydrogen fueling station market is estimated to grow from USD 380 Million in 2023 to USD 1,129 Million by 2030; it is expected to record a CAGR of 16.8% during the forecast period.
Increasing initiatives to curb the greenhouse gas emissions from the mobility sector leads to an increase in the demand for renewable hydrogen fuel which drives the hydrogen fueling station market.
Off-site: The segment is expected to account for the largest market share of the hydrogen fueling station market in 2022, by supply type
Based on supply type, the hydrogen fueling station market has been split into two types: off-site and on-site. The off-site was estimated to have the largest market share of the hydrogen fueling station market in 2022. The growth of the off-site segment can be attributed to the rapid development of technological methods for the delivery of hydrogen through pipelines and carriers.
The high-Pressure segment is expected to dominate the hydrogen fueling station market based on pressure
By pressure, the hydrogen fueling station market has been segmented into high-pressure and low-pressure. The high-pressure segment is expected to hold the largest share of the hydrogen fueling station market in 2022 and grow at a faster rate during the forecast period. Rising trends in shared mobility and increased demand for light-duty vehicles especially fuel-cell passenger cars is expected to drive the growth of the high-pressure segment.
By Solution, the engineering, procurement, and construction (EPC) segment is expected to be the fastest-growing market during the forecast period
Based on the Solution, the hydrogen fueling station market is segmented into engineering, procurement, and construction (EPC), and components. The engineering, procurement, and construction (EPC) segment is expected to be the fastest-growing segment during the forecast period. The key factors such as the growing adoption of fuel cell vehicles and the rising construction of hydrogen fueling station are expected to drive the EPC segment during the forecast period.
Europe is expected to be the second fastest-growing region in the hydrogen fueling station market
Europe is expected to be the second fastest hydrogen fueling station market during the forecast period. Several factors contribute to this growth, including population growth, urbanization, and rising standards of living. As a result, the government is working towards the mitigation of carbon emissions which leads to increasing investment of generating hydrogen from renewables to achieve carbon neutral future. These are a few of the key factors expected to fuel the growth of the hydrogen fueling station market in the region
Market Dynamics
Drivers
- Growing Private and Public Investments in Hydrogen Fueling Station Deployment
- Growing Adoption of Fuel Cell Electric Vehicles
Restraints
- Significant Initial Investment Requirements
- Underdeveloped Hydrogen Infrastructure
Opportunities
- Government Initiatives to Accelerate Deployment of Hydrogen Fueling Stations
Challenges
- Risk Assessment and Safety Measures for Fueling Stations
