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Hydrogen Fueling Station Market

Hydrogen Fueling Station Market

by Station Type (Small, Medium, Large), by Vehicle Type (Passenger Cars, Commercial Vehicles), by Vehicle Technology (Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells, Others), by Delivery Methods (On-Site, Off-Site): Global Opportunity Analysis and Industry Forecast, 2025-2035

Report Code: A08501
Pages: 326
Sep 2022 | 4883 Views
Author(s) : Mohnish K , Sonia M
Tables: 207
Charts: 96
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The global hydrogen fueling station market was valued at $1.1 billion in 2025, and is projected to reach $22 billion by 2035, growing at a CAGR of 35.4% from 2025 to 2035.

Hydrogen fueling station has gained tremendous focus after the successful progress with cell electric vehicles, which came into existence depending on hydrogen power. Thus, hydrogen filling stations have attracted much attention following the recent success of cell electric vehicles powered by hydrogen. These stations generally consist of a hydrogen storage system, a cooling system, and a dispenser with a nozzle that connects with the fuel cell vehicle. It is designed to route highly pressured hydrogen to the nozzle for refueling the vehicle with up to 700 bar or in other cases, 350 bar. The hydrogen refueling process is constantly monitored electronically & takes roughly three minutes to refuel a fuel cell electric vehicle (FCEV).

The COVID-19 pandemic not only affected operations of the automotive industry, but the economic crisis also led to reduction in expenditure on next-generation technologies, for instance, hydrogen-powered vehicles, thereby affected the hydrogen fueling station market. In Europe, economies such as Germany, France, Spain and, Italy, are following stringent measures such as attaining social distance and limiting movements to prevent the spread of coronavirus. In addition, slight decline in the sales of fuel cell electric vehicles (FCEVs) has moderately impacted the demand for market globally. However, the positive outlook by governments to embark upon the utilization of low carbon technologies and boost decarbonization initiatives is anticipated to stabilize the hydrogen fueling station industry in the post COVID-19 stage.

Hydrogen Fueling Station Market, Hydrogen Fueling Station Market Size

Currently, the increased number of retail hydrogen fueling locations in select markets supports the initial rollout of fuel cell electric vehicles (FCEVs). Manufacturers including Honda, Hyundai, and Toyota are currently offering production FCEVs for sale or lease to customers in markets where hydrogen fuel is available, primarily in California (U.S.). For instance, in December 2021, ITM Power PLC partnered with Hyundai Motors UK, an automobile manufacturing company, to develop a hydrogen refueling network for refueling Hyundai’s iX35 Fuel Cell Vehicles. The contract covers fuel dispensed across ITM Power's hydrogen refueling network. This is the fifth fuel supply contract ITM Power has signed and Hyundai joins Toyota, Commercial Group, Arcola Energy and Arval as fuel customers. Moreover, various scale component manufacturers have unveiled significant efforts to boost their manufacturing capabilities & introduce innovative systems that will pave new opportunities for the global hydrogen fueling station market. For instance, in April 2022, TotalEnergies announced the opening of a new hydrogen refueling station in Breda, The Netherlands. The station was a part of the Interreg project ‘Hydrogen region 2.0’, coordinated by H2 knowledge and cooperation platform WaterstofNet. Furthermore, the refueling station was capable of supplying hydrogen with both 700 and 350 bar filling pressures.

Hydrogen Fueling Station Market
By Station Type

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Large is projected as the most lucrative segment

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The factors such as stringent government regulations to control increasing pollution, high suitability of hydrogen as fuel, and increase in R&D activities related to hydrogen fuel cell technology supplement the growth of the hydrogen fueling station market. However, high initial expenditure for producing hydrogen and lack of fuel infrastructure are the factors expected to hamper the growth of the market. In addition, technological advancements and future potential in the hydrogen fuel cell vehicle and increase in investments & encouragement in administrative policy framework creates market opportunities for the key players operating in the hydrogen fueling station market.

The hydrogen fueling station market is segmented into station type, vehicle type, vehicle technology, delivery method, and region. By station type, the market is divided into small, medium, and large. By vehicle type, it is fragmented into passenger cars and commercial vehicles. By vehicle technology, it is categorized into proton exchange membrane fuel cell, phosphoric acid fuel cells, and others. By delivery method, it is further classified into on-site and off-site. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Hydrogen Fueling Station Market
By Vehicle Type

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Commercial vehicles is projected as the most lucrative segment

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The leading players operating in the hydrogen fueling station market are Air Liquide, Air Products and Chemicals, Inc, Ballard Power Systems, Black and Veatch Holding Company, China Petrochemical Corporation, Cummins Inc, FirstElement Fuel, Inc., FuelCell Energy, Inc., H2ENERGY SOLUTIONS LTD, ITM Power PLC, NEL ASA, Nuvera Fuel Cells, LLC, PDC Machines Inc., Shell, Linde PLC, TotalEnergies, and TrueZero.

Stringent government regulations to control increasing pollution

Unlike conventional power generation sources, fuel cell does not emit hazardous gases and pollution, which is harmful for the environment. Also, depletion of natural resources, carbon emissions, and rise in cost of fossil fuels is paving the way for alternate means of transportation and power generation. Therefore, continuous efforts have been taken by both public and private sectors to reduce carbon emissions and save fuel. Strict government regulations related to CO2 and SO2 emission are expected to drive the growth of the hydrogen fueling station market size globally. For instance, in 2020, European Commission issued a regulatory proposal confirming an 81g/km target by 2025, and 59g/Km target by 2030. Strict government regulations such as 81g/km CO2 emissions in Europe and 113g/Km CO2 emissions after 2022 by Corporate Average Fuel Economy (CAFE) in the U.S., are the major factors supporting the growth of the hydrogen fueling station industry. Hydrogen fuel cells are considered environment friendly as compared to other conventional power generation systems, thereby increasing their demand worldwide. Strict government mandates in Asia-Pacific, mainly in China and Japan, also contribute toward the growth of the hydrogen fueling market. In addition, “Go Green” revolution is another factor driving the market growth.

Hydrogen Fueling Station Market
By Vehicle Technology

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Others is projected as the most lucrative segment

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Increase in R&D activities related to hydrogen fuel cell technology

Increase in R&D activities related to hydrogen fuel cell technology has led to rise in joint developments and partnerships regarding adoption of hydrogen fueling stations. For instance, in July 2022, Shell collaborated with Shenergy Group, a state-owned enterprise owned by Shanghai government dealing in electricity, petroleum and natural gas, to set up a joint venture that worked to build a hydrogen refueling network in Shanghai. Furthermore, the joint venture plans to build six to 10 hydrogen refueling stations in Shanghai and the surrounding Yangzte River Delta in the next five years. Moreover, governments across the globe are promoting use of hydrogen powered vehicles. For instance, in 2019, European Union (EU) started H2Haul project which will run for five years. This EU-funded project aims to deploy 16 zero-emission fuel cell vehicles at four sites i.e., Germany, Belgium, Switzerland, and France by 2024. Moreover, the California Air Resources Board (CARB), Toyota, Shell, and Kenworth started $82 million Zero-Emission and Near Zero-Emission Freight Facilities (ZANZEFF) project. With the use of this project Port of Los Angeles (POLA) is expected to establish a fuel-cell technology network for freight transport to move goods from “Shore to Store”. Hence, these factors are expected to propel the growth of the market during the forecast period.   

Hydrogen Fueling Station Market
By Delivery Methods

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On-site is projected as the most lucrative segment

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High initial expenditure for producing hydrogen

Hydrogen (in gaseous form) is usually extracted from water by electrolysis process, which includes passing a high electric current through water to isolate oxygen and hydrogen atoms. Electrolysis process is quite expensive as it includes high expenditure on energy requirements. Furthermore, hydrogen poses challenges for designers, in terms of mass and volume requirements as well as for fuel management and storage onboard vehicle. Moreover, as per Hydrogen Review, 2021, by the International Energy Agency (IEA), a key obstacle for low-carbon hydrogen is the price gap with hydrogen from fossil fuels. Currently, manufacturing hydrogen from fossil fuels is inexpensive in most parts of the world. Using carbon capture, utilization, and storage (CCUS) technologies to decrease the CO2 emissions from hydrogen creation surges the leveled cost of creation to around $1 to $2 per kg. However, using renewable energy it costs around $3 to $8 per kg. Above mentioned factors are anticipated to obstruct the market growth of the hydrogen fueling station market during the forecast period.

Technological advancements and future potential in the hydrogen fuel cell vehicle

In current business scenario, technological advancements have added additional features in these gadgets which have increased the fuel cell consumption. Various applications such as fuel cell vehicles, increase in use of fuel cell in the power backup system and many other applications, are opportunistic for the growth of the hydrogen fueling station market. New technological advancement in the fuel cell technology leads to the development of new type of fuel cell such as solid oxide fuel cell (SOFC), polymer exchange membrane fuel cell (PEMFC), molten carbonate fuel cell (MCFC), phosphoric acid fuel cell (PAFC) and others, which help in reducing the cost of fuel cell. For instance, in April 2022, ITM Power PLC partnered with Motive, a 50/50 joint-venture owned between ITM Power PLC and Vitol, to support Motive with the development and roll-out of new green hydrogen refueling stations. This partnership helped facilitate increase of production, distribution, and demand stimulation for hydrogen for transportation applications. Hence, increase in adoption of fuel cell in various portable, stationary, and transportation applications is anticipated to provide opportunities for the development of the hydrogen fueling station market share.

Hydrogen Fueling Station Market
By Region

2035
Asia-pacific 
North America
Europe
Lamea

Europe would exhibit the highest CAGR of 38.2% during 2025-2035

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Key Benefits For Stakeholders

  • This study presents analytical depiction of the global hydrogen fueling station market analysis along with current trends and future estimations to depict imminent investment pockets.
  • The overall hydrogen fueling station market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global hydrogen fueling station market with a detailed impact analysis.
  • The current hydrogen fueling station market is quantitatively analyzed from 2025 to 2035 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Hydrogen Fueling Station Market Report Highlights

Aspects Details
Station Type
  • Medium
  • Large
  • Small
Vehicle Type
  • Passenger Cars
  • Commercial Vehicles
Vehicle Technology
  • Proton Exchange Membrane Fuel Cell
  • Phosphoric Acid Fuel Cells
  • Others
Delivery Methods
  • On-Site
  • Off-Site
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Russia, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Autonavi, Baidu, Civil Maps, DeepMap, Dynamic Map Platform, Esri, HERE Technologies, Mapbox, Momenta , NavInfo, Navmii, NVIDIA Corporation, The Sanborn Map Company, Inc., TomTom International BV, Waymo LLC, Woven Planet Holdings, Inc., Zenrin Co., Ltd.
 

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This section provides the opinions of various top-level CXOs in the global hydrogen fueling station market. Hence, based on the interviews of various top-level CXOs of leading companies, hydrogen is expected to be used in several industries, which could quicken advancements of fuel cells and storage systems, push downstream infrastructure, and drive down supply chain costs. For instance, in April 2022, PDC Machines Inc. collaborated with Ivys Energy Solutions and ENGV, a clean fuels infrastructure solutions provider for fleet applications, to deliver a SimpleFuelFast at CSIRO’s Victorian Hydrogen Hub in Melbourne. The custom solution could deliver hydrogen at up to 20 kg/day and pressures of up to 700bars.

In addition, a rise in demand for public transport services and investment in infrastructure development is anticipated to boost the growth of the global hydrogen fueling station market. Countries such as China, Japan, and South Korea are among the leading nations that have introduced enormous hydrogen fuel cell vehicle deployment targets and a positive roadmap for establishing hydrogen fueling station facilities. For instance, in July 2022, Shell collaborated with Shenergy Group, a state-owned enterprise owned by the Shanghai government dealing in electricity, petroleum, and natural gas, to set up a joint venture to build a hydrogen refueling network in Shanghai. Furthermore, the joint venture plans to build six to 10 hydrogen refueling stations in the next five years in Shanghai and the surrounding Yangzte River Delta. Also, rising carbon emission levels have led various countries to introduce stringent regulations to check greenhouse gas (GHG) emissions in the short, medium, and long terms. For instance, in October 2021, Japan’s Prime Minister accepted Japan’s sixth energy plan, memorializing the 2050 carbon neutrality pledge, and included targets for energy produced from hydrogen sources at 1% of Japan’s total power generation by 2030.  

The market growth is supplemented by factors such as stringent government regulations to control increasing pollution, high suitability of hydrogen as fuel, and increase in R&D activities related to hydrogen fuel cell technology supplement the growth of the hydrogen fueling station market. However, high initial expenditure for producing hydrogen and lack of fuel infrastructure are the factors expected to hamper the growth of the hydrogen fueling station market. In addition, technological advancements and future potential in the hydrogen fuel cell vehicle and increasing investments & encouragement in administrative policy framework creates market opportunities for the key players operating in the hydrogen fueling station market.

Among the analyzed regions, Asia-Pacific is the highest revenue contributor, followed by North America, Europe, and LAMEA. On the basis of forecast analysis, Europe is expected to lead during the forecast period, due to adoption of carbon reduction policies by European Union and technological advancements with the dedication of R&D initiatives.

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FREQUENTLY ASKED QUESTIONS?

A. Increased usage of Proton Exchange Membrane Fuel Cell and Phosphoric Acid Fuel Cells are the upcoming trends of Hydrogen Fueling Station Market in the world

A. Increased implementation in passenger cars is the leading application of Hydrogen Fueling Station Market

A. Asia-Pacific is the largest regional market for Hydrogen Fueling Station

A. The global hydrogen fueling station market is expected to be valued at $1.06 billion in 2025, and is projected to reach $22.01 billion by 2035, registering a CAGR of 35.4% from 2025 to 2035.

A. The leading players operating in the hydrogen fueling station market are Air Liquide, Air Products and Chemicals, Inc., Ballard Power Systems, Black and Veatch Holding Company, China Petrochemical Corporation, Cummins Inc., FirstElement Fuel, Inc., FuelCell Energy, Inc., H2ENERGY SOLUTIONS LTD, ITM Power PLC, NEL ASA, Nuvera Fuel Cells, LLC, PDC Machines Inc., Shell, Linde PLC, TotalEnergies, and TrueZero

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