Hydrogen Fueling Station Market to Reach $1.8 Billion by 2030

,According to a research report, the hydrogen fueling stations market is expected to grow from USD 0.5 billion in 2024 to USD 1.8 billion by 2030, with a CAGR of 23.8% during the forecast period. Governments worldwide are implementing stringent environmental regulations and setting ambitious climate goals to reduce carbon emissions. Hydrogen, being a clean and renewable energy source, plays a crucial role in achieving these targets. Policies promoting the use of hydrogen as a fuel, along with incentives and subsidies for hydrogen infrastructure, are driving the growth of hydrogen fueling stations. In addition to this, Major automotive manufacturers are increasingly investing in hydrogen fuel cell vehicles (FCVs) as a sustainable alternative to traditional internal combustion engine vehicles and battery electric vehicles (BEVs).

Key Market Players

Air Liquide (France),

Linde PLC (Ireland),

Air Products and Chemicals, Inc. (US),

Nel ASA (Norway),

MAXIMATOR Hydrogen GmbH (Germany)

Hydrogen Refueling Solutions (France) among others...

Hydrogen fuelling stations usually use either provided hydrogen or on-site generated hydrogen. Hydrogen is being delivered in truck/pipeline or in liquid hydrogen form, and it is normally compressed gaseous hydrogen or liquid hydrogen. Delivery stations have very simple operating and infrastructure, so the investment cost is low. The cost of hydrogen will, however, be entirely dependent upon the retail price of hydrogen and utility costs over which the end user has no control, despite the fact that they may align with the conditions for operation at the agreed price. Noting that the price of hydrogen fuel includes delivery and lease costs of the vehicle, these can also be of the same order as the retail hydrogen price. Hydrogen fueling stations with on-site supplies are complex because an HPP is combined with the fueling station, and compression units have to be installed. Higher operational flexibility is naturally associated with higher CAPEX. On the other hand, low-price electricity contracts or even self-production of electricity from renewable energies could substantially reduce the OPEX.

Fixed Hydrogen Stations, by station type, are expected to be the largest-growing segment during the forecast period.

The by station size segment is bifurcated into 2 types Fixed Hydrogen Stations and Mobile Hydrogen Stations. In most cases, fixed hydrogen stations have higher storage and dispensing capacity than their mobile station counterparts, which helps them meet the high demands in busy areas. Fixed stations can be fitted into the existing infrastructure of fueling stations, such as conventional gas stations, thereby making them more accessible and convenient for consumers. Besides, fixed stations offer a stable and reliable supply of hydrogen gas without the logistical complications involved in the transportation of the mobile units from one location to another. Moreover, fixed stations are usually provided with much more support and incentives from the government, including subsidies, grants, and favorable regulations, in order to motivate them to develop and deploy.