Global Hydrogen Fueling Station Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hydrogen Fueling Station Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Hydrogen Refueling Stations (commonly abbreviated HRS) and how they are one of the key-enabling systems to introduce hydrogen in the transport & mobility sector. Hydrogen Refueling Stations are very complex installations that must fulfill strict safety standards due to their harsh operating conditions (900 bar, -40oC, handling of an explosive and very small gas prone to leaking).

Market Overview:

The latest research study on the global Hydrogen Fueling Station market finds that the global Hydrogen Fueling Station market reached a value of USD 1658.49 million in 2022. It’s expected that the market will achieve USD 7378.82 million by 2028, exhibiting a CAGR of 28.25% during the forecast period.

Increased competition

The competition among vendors will increase during the forecast period. Vendors will compete to deliver competitive advantages in the market on the basis of pricing, user-friendly interfaces, value-added benefits, and service portfolios. During the forecast period, we expect this competition to intensify with an increase in product extensions.

Market Opportunities and Drivers

D1: Low-carbon travel and new energy is gradually being recognized by the public.
D2: A large number of car manufacturers are arranging hydrogen energy vehicles; A large number of energy suppliers are looking for partners.
D3: Governments are also introducing corresponding incentives.
D4: The costs of hydrogen stations are declining.
D5: Downstream Consumption Driving

Market Challenges

C1: Regional government policies are different; the corresponding financial subsidies are inconsistent.
C2: Regional resource differences, pre-cost investment will be relatively large.
C3：The penetration of hydrogen energy vehicles is not high enough.

Market Risks/Restraints

R1: User base of downstream hydrogen energy vehicle is too small, resulting in a longer investment payback period, there is a large risk of debt.
R2: The impact from the electric car market may threaten the market share of fuel cell vehicles, thereby affecting the development of the hydrogen refueling station industry.
R3：The construction period is relatively long.
R4: Governments have different degrees of emphasis on environmental protection.

Region Overview:

From 2022-2027, Japna is estimated to witness robust growth prospects

Company Overview

The Linde Group is one of the major players operating in the Hydrogen Fueling Station market, holding a share of 35.2% in 2022.

Business Combination Between Praxair and Linde AG Successfully Completed

Guildford, UK (31 October 2018) – Linde plc (NYSE: LIN; FWB: LIN) announced today the successful completion of the business combination between Praxair and Linde AG.

Starting today, Linde plc shares will commence trading on the New York Stock Exchange under the stock ticker symbol “LIN”. On the Frankfurt Stock Exchange, Linde plc commenced trading on 29 October 2018 also under the ticker symbol “LIN”. Both Praxair and Linde AG tendered shares have been delisted from the New York and Frankfurt Stock Exchange respectively. Concurrent to the delisting of Linde AG tendered shares, the stock ticker symbol for Linde AG untendered shares has changed to “LNA” and continues to be listed on the Frankfurt Stock Exchange.

Segmentation Overview:

Among different product types, Retail & Non-Retail Stations segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Hydrogen Tube Trailers segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Hydrogen Fueling Station market covered in Chapter 3:

Air Products and Chemicals, Inc.
Nuvera Fuel Cells
Hydrogenics Corporation
ENEOS Corporation
Air Liquide
Iwatani
The Linde Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Hydrogen Fueling Station market from 2018 to 2029 is primarily split into:

Retail & Non-Retail Stations
Mobile Hydrogen Stations

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hydrogen Fueling Station market from 2018 to 2029 covers:

Hydrogen Tube Trailers
Tanker Trucks
Pipeline Delivery
Railcars and Barges
Onsite Production

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)