Hydrogen fueling station market is anticipated to grow at a significant CAGR of 16.4% during the forecast period (2024-2031).The growing adoption of hydrogen-powered vehicles, advancements in fuel cell technology, and the development of hydrogen infrastructure with improving green hydrogen production are the key factors supporting the market growth globally. Major automakers are increasingly investing in hydrogen-powered vehicle development owing increase in demand for hydrogen fuel. The expansion of fuel cell vehicle fleets necessitates the availability of a robust hydrogen fueling infrastructure to support the growth of the market. According to the International Energy Agency (IEA), in July 2023, global hydrogen use reached 95 Mt in 2022, a nearly 3.0% increase year-on-year, with strong growth in all major consuming regions except Europe, which suffered a hit to industrial activity owing to the sharp increase in natural gas prices.

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To accelerate the hydrogen economy, governments set clear targets and a prioritized roadmap for hydrogen deployment, and associated renewable energy to enable net-zero emissions (such as Carbon Capture And Storage (CCS) or nature-based solutions). For instance, in March 2022, the Australian Government, through the Australian Renewable Energy Agency (ARENA), provided $22.8 million for Viva Energy to build the hydrogen cell refueling station.

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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Market Segmentation

Global Hydrogen Fueling Station Market by Station Type

Fixed Hydrogen Station
Mobile Hydrogen Station

Global Hydrogen Fueling Station Market by Supply Type

Off-Site
On-Site

Global Hydrogen Fueling Station Market by Solution

Engineering, Procurement and Construction (EPC)
Components

Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East and Africa

Company Profiles 

Air Products and Chemicals, Inc.
Ballard Power Systems Inc.
Chart Industries, Inc.
Cummins Inc.
FirstElement Fuel Inc.
FuelCell Energy, Inc.
Green Hydrogen Systems
Haskel International, Inc. (Ingersoll Rand Inc.)
Hexagon Composites ASA
HyGear
ITM Power PLC
McPhy Energy S.A.
Nel ASA.
Nikola Corp.
Nuberg EPC
Nuvera Fuel Cells, LLC
Plug Power Inc.
PowerTap Hydrogen Capital Corp.
Shell plc
Siemens AG
Toyota Industries Corp.
TrueZero

The Report Covers

Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global hydrogen fueling station market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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