Hydrogen Fueling Station Market Size to be USD 5.6 Billion by 2035; Rising Decarbonization Commitment in Transportation Sector to Augment Market Expansion

Published Date: February 2025

A hydrogen refueling station (HRS) is a facility that supplies hydrogen fuel to fuel cell vehicles, such as buses, trucks, passenger cars, and trains. Increasing demand for zero-emission vehicles, government inventiveness, and approaches aimed at encouraging the adoption of hydrogen fuel cell vehicles are circumstances whereupon market is expected to hike. In addition, growing engross in fuel cell vehicles, a growing commitment to decarbonize the transportation sector are some other facet arousing growth of the global market.

Hydrogen Fueling Station Market Segmentation Analysis:

By Station Type

Fixed Hydrogen Stations and Mobile Hydrogen Stations

By Station Size

Small Stations, Mid-Sized Stations, Large Stations

By Supply Type

On-site and Off-site

By End-Use

Marine, Railways, and Commercial Vehicles

Hydrogen Fueling Station Market Report Highlights:

  • Across 2035, the market is contemplated to expand at USD 5.6 Billion.
  • Hydrogen fueling station market size was benefited at USD 0.8 Billion within 2024.
  • Target market is bolstering at a CAGR 23.9%.
  • North America is expected to dominate the market during the forecast period.
  • Asia Pacific is considered to be the fastest growing region in the market during the projected period.
  • The fixed hydrogen stations segment is leading the market under station type.
  • By station size, the market is being dominated by the mid-sized stations segment.
  • Based on supply type, the on-site element segment holds the largest market share.
  • Under end-use, the commercial vehicle segment is dominating the market.

Hydrogen Fueling Station Market Dynamics:

Growth Factor

Challenge Factor

Market Trend

Environmental Benefits

Safety Concerns

Technological Advancements

Hydrogen Fueling Station Market Key Highlights:

  • In December 2024, Clean Energy, the largest provider of the cleanest fuel for the transportation market in the U.S., has been awarded the contract to design and construct a new state-of-the-art hydrogen fueling station for Riverside Transit Agency (RTA) in California. The contract was won following a competitive solicitation and also includes the supply of hydrogen and maintenance services for the private access and purpose-built station located in Riverside.
  • In November 2024, China Petroleum & Chemical Corp, the world's largest refiner, also known as Sinopec, recently launched the first public hydrogen refueling station in the Hong Kong Special Administrative Region, a milestone in the region's push for cleaner energy alternatives.

Hydrogen Fueling Station Market News Forecast 2025-2035

Hydrogen Fueling Station Market Report Analysis:

List of Possible Hazards of the H2 Station-

Failure Mode

Source of Failure

Effect

Fire and explosion

Ignition in the vicinity of H2 and O2 mixture

Equipment damage and possible injuries

Hydrogen leak in piping

Mechanical failure/improper joints and fittings

Potential fire and explosion

Hydrogen leak in electrolyser

Overpressure causing rupture of membrane

Potential fire and explosion

Hydrogen leak in storage tank

Mechanical failure/improper joints and fittings

Potential fire and explosion

Compressor failure

Equipment failure, worn out seals

Potential H2 leaks

Hose pressure rating verification error

Human error

Overpressure in vehicle tank, potential H2 leaks

Leak at breakaway fitting

Equipment failure at dispenser

Potential fire

Improper fill speed at fuel dispenser

Failure to follow standard operating procedures, deficiency in procedures, software failure

Overheating on receiving fuel tank

Incorrect check valve installation

Human error, inadequate inspections

Property damage

Browse 41 market data tables and 43 figures through 175 slides and in-depth TOC on “Hydrogen Fueling Station Market Size, Share, By Stations Type (Fixed Hydrogen Stations and Mobile Hydrogen Stations), Station Size (Small Stations, Mid-Sized Stations, and Large Stations), Supply Type (On-Site and Off-Site), End-Use (Marine, Railways, Commercial Vehicles, and Others), and Region - Trends, Analysis and Forecast till 2035”

For more insights into the Hydrogen Fueling Station Market and its future trends, visit the link: https://www.prophecymarketinsights.com/market_insight/hydrogen-fueling-station-market-5737

Hydrogen Fueling Station Market Competitive Landscape:

The major players operating in the market include Nel, MCPHY ENERGY S.A, Linde PLC, Air Products and Chemicals, Inc., Air Liquide Advanced Technologies, Black & Veatch Corporation, China Petrochemical Corporation, ANGI ENERGY SYSTEMS, INC., Cummins Inc., FirstElement Fuel Inc., FuelCell Energy, Inc., H2energy AG, ITM, and MAXIMATOR GMBH.

Company Name

MCPHY ENERGY S.A

Headquarter

Grenoble, France

CEO

Benoit Barriere

Employee Count (2024)

265 Employees

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