Middle East Hydrogen Fuelling Station

Middle East Hydrogen Fuelling Station

A hydrogen fueling station is a facility that dispenses hydrogen fuel for use in fuel cell electric vehicles (FCEVs). Hydrogen is converted into electricity within the vehicle, producing only water vapor and heat as exhaust. Fueling stations typically consist of a storage tank containing compressed hydrogen gas, a dispenser for filling the vehicle's fuel tank, and a control system to monitor and manage the fueling process.

The Middle East Hydrogen Fuelling Station market is expected to grow at a strong CAGR of around 57% during the forecast period owing to growing demand for alternative energy sources for transportation. Furthermore, Hydrogen-powered vehicles have advantages over electric vehicles, where Hydrogen fuel cells can provide longer driving ranges and faster fill-up times than batteries, making them more practical for long-distance travel, this factor is also supporting the innovation and demand for the segment, which in turn is driving the demand for the hydrogen refueling stations. Countries are progressing in hydrogen technology and are simultaneously developing the infrastructure as per their future plans in order for rapid adoption of the technology. Middle Eastern countries are no exception, and they are also rapidly catching up with the trend of changing technologies of the world and coherently developing their infrastructure with respect to it, which can also be seen in the hydrogen fueling stations. For instance, in July 2023, Abu Dhabi National Oil Company (ADNOC), announced that the company had begun the construction of the Middle East's first high-speed hydrogen refueling station. The station will be built in Masdar City and will create clean hydrogen from water.

• Based on Station type, the Hydrogen fuel station market is divided into fixed and mobile station segments. The fixed station segment acquired a majority share in the Hydrogen fuel station market and is expected to showcase a substantial growth rate during the forecast period. Since the availability. Although the mobile station type is only popular in some countries, such as Japan, many companies have started investing in mobile stations in order to lessen the gap between fuel cell cars and fuelling stations. For instance – In July 2023, Hexagon Purus (Oslo, Norway) received an order from a large European OEM to deliver a mobile 700-bar hydrogen (H2) refueling station with a contract value of USD 3.24 Million.

• Based on Pressure, the Hydrogen Fuelling Station market is divided into low and high-pressure segments. The High-pressure segment acquired a majority share in the Hydrogen Fuelling Station market and is expected to showcase a substantial growth rate during the forecast period. The high-pressure segment supplies hydrogen at 700 bar and is used for light-duty vehicles. The sale of light-duty vehicles is around 80%, whereas the sale of heavy-duty vehicles is around 20%. High sales of passenger low-duty vehicles are a catalyst for the growth of the high-pressure segmentation in the global hydrogen fuelling station during the forecast period.
• Based on Application, the Hydrogen Fuelling Station market is divided into passenger and Commercial segments. The Passenger segment acquired a majority share in the Hydrogen Fuelling Station market and is expected to showcase a substantial growth rate during the forecast period. Around 80% of the hydrogen cars sold worldwide are passenger cars. Around 26,000 hydrogen passenger cars were sold in the Asia Pacific region constituting around 60% of the hydrogen passenger vehicles sold globally, followed by North America and then Europe in third place with just 3556 passenger cars by the end of 2021.
• For a better understanding of the market adoption of Hydrogen Fuelling Station, the market is analyzed based on its presence in Middle Eastern countries such as (Saudi Arabia, UAE, Qatar, Turkey, and the Rest of the Middle East). The Middle East is undergoing a remarkable transformation in the fields of energy and technology, with Saudi Arabia and the United Arab Emirates (UAE) emerging as the primary players in the segment. The Middle Eastern region has been witnessing significant growth in the hydrogen fueling station market, driven by government initiatives, corporate investments, and emerging growth opportunities. With increasing environmental concerns and the need to reduce reliance on fossil fuels, hydrogen fuel cells have gained prominence as a clean and efficient source of energy. Furthermore, Governments in the Middle East have recognized the importance of developing a robust hydrogen fueling infrastructure to support the transition towards a low-carbon economy. Several countries in the region have launched initiatives aimed at encouraging the deployment of hydrogen fueling stations. For instance, Governments have provided financial incentives to encourage private sector participation in the development of hydrogen fueling stations. The United Arab Emirates (UAE) has announced plans to allocate USD 1.9 billion towards the establishment of 50 hydrogen fueling stations across the country. Furthermore, the Middle East has the potential to become a hub for the emerging hydrogen economy. With abundant solar and wind energy resources, the region could leverage these renewable energies to produce hydrogen, creating a circular economy based on clean energy.
• Some of the major players operating in the market include Saudi Arabian Oil Co.; ENOWA; Linde plc; ADNOC Group; PowerTap; Air Products Inc.; H2-Enterprises Group Inc.; BEEAH Group; Siemens Energy; and Air Liquide