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

Report Code: PMI573725 | Publish Date: January 2025 | No. of Pages: 175

Hydrogen Fueling Station Market Overview

  • 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%.

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.

Key Takeaways:

  • In station type segment, the fixed hydrogen stations segment is superior due to growing need for reliable and fixed refueling infrastructure.

Hydrogen Fueling Station Market Drivers & Restraints

Key Drivers of Target Market:

Environmental Benefits of Hydrogen Fueling Stations Fostering the Market Expansion

Hydrogen fueling stations offers various environmental benefits contributing to the market diversification including reduced greenhouse gas emissions, enable the use of fuel cell electric vehicles, which help to reduce overall carbon footprints, supports renewable energy integration, and others. 

  • For instance, according to the article published in the International Journal of Hydrogen Energy, hydrogen fueling stations can be used together with renewable energy resources to overcome the economic and environmental concerns over the excessive utilization of fossil fuels. It is expected that it will play a key role especially in decarbonization of the transport sector and elimination of the tailpipe emissions from vehicles.

Restraints:

Safety Concerns Regarding Hydrogen Fueling Station can Obstruct Market Growth

Hydrogen fueling stations are crucial for the hydrogen supply infrastructure for fuel cell vehicles (FCVs). A hydrogen fueling station stores a large amount of hydrogen compressed to 82 MPa in pressurized storage tanks. Therefore, safety risk of hydrogen dispersion and explosion accidents at hydrogen fueling stations are high.

  • Counterbalance Statements: Useful risk assessment tools, such as FLACS (FLame Acceleration Simulator) and HyRAM (Hydrogen Risk Assessment Model), have been developed for dispersion and explosion simulation. Risk assessment has been performed for various types of hydrogen fueling stations, including stand-alone compressed or liquefied hydrogen fueling stations and hybrid hydrogen-gasoline fueling stations.

Opportunities & Market Trends:

Technological Progress are Shaping the Future of Target Market

Significant advancements have been made in hydrogen production technologies in the realm of sustainable energy, heralding a new era of clean and efficient fuel sources. These developments are shaping the future of energy production, marking a critical transition from fossil fuels to more sustainable alternatives.

  • For instance, in May 2024, Air Products announced it intends to build a network of permanent, commercial-scale, multi-modal hydrogen refueling stations stretching from Northern California to Southern California. The permanent, multi-modal hydrogen refueling stations will be equipped to serve heavy-duty vehicles, such as commercial and municipal trucks and buses, as well light-duty hydrogen fuel cell vehicles.

Hydrogen Fueling Station Market Segmentations & Regional Insights

Station type, station Size, Supply Type, End Use, and Region are elements whereupon market is compartmented.

Station Type

Pursuant to station type, market is categorized into fixed hydrogen stations and mobile hydrogen stations. Among all these, the fixed hydrogen stations market is superior due to growing need for reliable and fixed refueling infrastructure.

  • For instance, in September 2024, PRF Gas Solutions announced the start of construction for Portugal's first fixed hydrogen refueling station in Cascais. This landmark project marks a significant advancement in the nation's commitment to sustainable energy and green mobility. 

Station Size

Small stations, mid-sized stations, and large stations are station sizes upon which the market is subdivided. The mid-sized stations gripped the enormous hydrogen fueling station market share as they are a good balance of cost and capacity.

Supply Type

The market is categorized into on-site and off-site, on account of supply type. In between, on-site element contributes to hydrogen fueling station market growth by grasping largest market share. This is result of high demand.

  • For instance, in September 2024, Tom’s Truck Center, an industry leader in commercial truck sales and service and an important part of the Nikola sales and service dealer network, opened the first hydrogen refueling station onsite at a commercial truck dealership. The Nikola HYLA modular hydrogen refueling station for the heavy-duty transportation sector is located onsite at Tom’s Truck Center’s Santa Fe Springs location in Los Angeles County, a strategic location along Highway 5, one of the busiest highways in the nation.

End-Use

Marine, railways, commercial vehicles, and others are end-uses of the market. The commercial vehicle segment dominates the market due to the growing demand for hydrogen-powered vehicles.

Regional

Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

North America: North America is expected to dominate the growth of the market during forecast period due to the increasing demand for zero-emission vehicles, a sustainable transportation infrastructure, expansion of hydrogen fueling infrastructure, rising adoption, and others.

  • For instance, in February 2024, Nikola, a manufacturer of heavy-duty battery and fuel cell electric vehicles, has opened the first facility in what will become a network of hydrogen refueling stations in southern California. The facility, which is located in Ontario, California, U.S., is part of Nikola’s HYLA brand and can fuel up to 40 of the company’s hydrogen fuel cell electric Class 8 trucks every day. Nikola aims to build a network of up to 60 such hydrogen fueling stations over the next few years, and plans to have nine up and running by the end of the second quarter of this year.

Asia Pacific: Asia Pacific is considered to be the fastest growing region in the target market. Countries, such as India, China, and many more are leading the charge significantly due to the implementation of strategies by government, to promote the adoption of hydrogen fuel cell vehicles, increasing the demand for suitable hydrogen fueling infrastructure, and others.

  • For instance, in November 2024, Amara Raja Infra, part of the USD 2 Billion Amara Raja Group, has successfully completed setting up India’s first green hydrogen fuelling station in Leh, Ladakh for NTPC Ltd. The project will enable emission-free transport in and around Leh, making India among the few countries to take a lead in the green mobility space.

Hydrogen Fueling Station Market Report Scope:

Attribute

Details

Market Size 2025

USD 1.0 Billion 

Projected Market Size 2035

USD 5.6 Billion

CAGR Growth Rate

23.9% (2025-2035)

Base year for estimation

2024

Forecast period

2025 – 2035

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Regional scope

North America - U.S. and Canada

Europe – Germany, U.K., France, Russia, Italy, Spain, Netherlands, Switzerland, and Rest of Europe

Asia Pacific – China, India, Japan, Australia, Indonesia Malaysia, South Korea, and Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, and Rest of Latin America

Middle East & Africa – GCC, Israel South Africa, and Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segmentation:

By Station Type:

  • Fixed Hydrogen Stations
  • Mobile Hydrogen Stations

By Station Size:

  • Small Stations
  • Mid-Sized Stations
  • Large Stations

By Supply Type:

  • On-site
  • Off-site

By End Use:

  • Marine
  • Railways
  • Commercial Vehicles

By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Russia
    • Italy
    • Spain
    • Netherlands
    • Switzerland
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Hydrogen Fueling Station Market Competitive Landscape & Key Players

Nel, MCPHY ENERGY S.A, Linde PLC, Air Products and Chemicals, Inc., Air Liquide Advanced Technologies, and others are some of the firms operating in the hydrogen fueling station market that executing strategies such as new project launch, preparation of supplies, achieving new contracts to design and construct a new state-of-the-art hydrogen fueling station, and others.

List of Key Players in the Market:

  • 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
  • MAXIMATOR GMBH

Hydrogen Fueling Station Market Recent News

  • 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.
  • In October 2023, Vontier Corporation, a leading global provider of critical technologies and solutions to connect, manage, and scale the mobility ecosystem, and ANGI Energy Systems (ANGI), a Vontier business and leading provider of alternative fueling solutions, announced a major milestone in the evolution of sustainable transportation as ANGI prepares to supply its first full Hydrogen Refueling Station (HRS) to Trillium to be installed at Santa Clarita Transit.

Analyst View:      

The market is enduring steady growth as a result of increasing demand for zero-emission vehicles, government inventiveness, approaches aimed at encouraging the adoption of hydrogen fuel cell vehicles are circumstances whereupon market is expected to hike, growing engross in fuel cell vehicles, a growing commitment to decarbonize the transportation sector, and others.

More Related Reports

U.S. Sustainable Aviation Fuel Market
Clean Hydrogen Market
Hydrogen Generation Market
Hydrogen Market
Commercial Vehicles Market

Hydrogen Fueling Station Market Company Profile

Company Name

MCPHY ENERGY S.A

Headquarter

Grenoble, France

CEO

Benoit Barriere

Employee Count (2024)

265 Employees

FAQs

Hydrogen fueling station market size was worth USD 1.0 Billion in 2025 and is expected to reach USD 5.6 Billion by 2035 growing at a CAGR of 23.9%.

The market is segmented into station type, station size, supply chain, end-use, and Region.

The market is segmented by region into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. North America is expected to dominate the Market.

The key players operating in the hydrogen fueling station 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.