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

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

A hydrogen refueling station is an infrastructure designed for refueling vehicles with hydrogen. A hydrogen refueling station can be part of a multi-fuel station or a stand-alone infrastructure. Hydrogen refueling station construction requires specific technical components.

Market Overview:

The latest research study on the global Hydrogen Refueling station construction market finds that the global Hydrogen Refueling station construction market reached a value of USD 430.45 million in 2022. It’s expected that the market will achieve USD 1975.12 million by 2028, exhibiting a CAGR of 28.91% during the forecast period.

Hydrogen energy has broad development space

First of all, hydrogen energy is a clean and decarbonized secondary energy source, and at the same time, it is a bridge for the transition and conversion between fossil energy and renewable energy. As a secondary energy source, hydrogen can not only be produced through the reforming of fossil energy such as coal, oil, and natural gas, pyrolysis of biomass, or microbial fermentation, but also from industrial by-products such as coking, chloralkali, steel, metallurgy, and can also be produced by electrolytic water, especially combined with renewable energy power generation.
Secondly, whether hydrogen is burned or passed through the electrochemical reaction of fuel cells, the product is water, without the pollutants and carbon emissions generated when using traditional energy sources; at the same time, the generated water can continue to produce hydrogen. Therefore, the use of hydrogen energy to truly achieve low-carbon or even zero-carbon emissions can effectively alleviate the greenhouse effect and environmental pollution.
In addition, the application scenarios of hydrogen energy are abundant. Hydrogen can be widely used in transportation, industry, and other fields. For example, fuel cell technology can be applied to automobiles, rail transit, ships, and other fields to reduce the dependence of transportation on oil and natural gas.
Therefore, hydrogen energy has a broad space for development, which is promoting the development of the hydrogen refueling station construction industry.

Carbon peaking, carbon neutral strategy to promote the development of hydrogen energy and fuel cell vehicle industry

Greenhouse gases emitted by burning fossil fuels are one of the direct causes of global warming. In the context of carbon peaking and carbon neutrality goals, the gradual promotion and application of hydrogen energy will help reduce pollution emissions in transportation and other fields. Additionally, the hydrogen fuel cell vehicle industry is constantly evolving. The operation of hydrogen fuel cell vehicles is inseparable from hydrogen refueling stations, which are the foundation and guarantee for the development of hydrogen fuel cell vehicles. Among the various infrastructures related to the hydrogen energy industry, hydrogen refueling stations play a very important role. Therefore, as the demand for the hydrogen fuel cell vehicle industry grows, the layout of the hydrogen refueling station is crucial; this is driving the development of the hydrogen refueling station construction industry.

Region Overview:

In 2022, the share of the Hydrogen Refueling station construction market in Asia-Pacific stood at 56.15%.

Company Overview:

Plug Power is one of the major players operating in the Hydrogen Refueling station construction market, holding a share of 11.77% in 2023.

Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power markets, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including green hydrogen production, storage and delivery, and energy generation through mobile or stationary applications. The company provides proton exchange membrane (PEM), fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure.

Segmentation Overview:

By type, Fixed Hydrogen Refueling Station segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Transportation, with a market share of 94.01% in 2022.

Key Companies in the global Hydrogen Refueling station construction market covered in Chapter 3:

Hongda Xingye
Shanghai Sunwise New Energy
HQHP
The Linde Group
Hydrogen Refueling Solutions (HRS)
GUOFUHEE
SinoHy Energy
NEL
Plug Power
Hydrexia
Iwatani
Hydrosys
Censtar
HYFUN
Air Products

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

Fixed Hydrogen Refueling Station
Mobile Hydrogen Refueling Station

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

Transportation
Industrial

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)