DUBLIN--(BUSINESS WIRE)--The "Global Hydrogen Fuelling Station Market Report Size, Trends & Growth Opportunity, By Product Type, By End User, By Region And Forecast to 2027." report has been added to ResearchAndMarkets.com's offering.
Global Hydrogen Fueling Station Market
Global Hydrogen Fuelling Station was valued at US$ 2620.5 million in 2021, estimated to reach US$ 3320.2 million in 2027, with a CAGR 4.0% from 2022-2027.
A clean energy fuel is referred as Hydrogen. To fuel cars, heavy duty trucks, Vans, Buses, scooters, Hydrogen Fueling Station are used.
Market Drivers
Major driving factors for the growth of the Hydrogen Fueling Station Market are increasing Investment in Development of Advanced Components and major Companies Investing in R&D Activities to Brighten Their Market Prospects.
Increased emphasis on decarbonizing energy and expansion in the expatriate community are also one of the main driving factors for the market growth.
In addition, the increasing adoption of low carbon technologies, growing demand for hydrogen-powered automobiles, and government regulation also boost the market growth.
Market Restraints
Key restraining factors that hamper the Hydrogen Fueling Station Market growth are High costs of production, the lack of an existing value chain, and the need for international standards.
Market Segmentation
Hydrogen Fueling Station Market is segmented into major 4 categories. Based on Product, the market is divided into Retail vs. Non-Retail Stations, Mobile Hydrogen Stations. Based on End User, the market is segmented into Hydrogen Tube Trailers, Tanker Trucks, Pipeline Delivery, Railcars and Barges. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
Asia-Pacific hold the largest share of the market in 2020 and is expected to hold the same during the forecast period owing to the large-scale deployment of hydrogen fuel cell vehicles in countries like China and South Korea.
The market in Europe is anticipated to witness substantial growth in the forthcoming years because of the favorable carbon reduction policies implemented by the European Union which will enhance the demand for advanced hydrogen fueling stations in the region.
Market Key Players
Some of the key players operating in Global Hydrogen Fueling Station Market are Air Products and Chemicals Inc., Ballard Power Systems Inc., BP Plc, Cummins Inc., FirstElement Fuel Inc., FuelCell Energy Inc., ITM Power plc, Linde Plc, Nel ASA, Shell plc.
Industry development
In February 2021, Linde announced that it has partnered with Hyosung Corporation (Hyosung), one of South Korea's largest industrial conglomerates, to build, own and operate extensive new liquid hydrogen infrastructure in South Korea.
In February 2021, Howden, the U.K.-based engineering company, announced its plan to deliver advanced H2 compressor solutions to Everfuel, a leading Denmark-based company.
In July 2021 Air Products (a world leading supplier of hydrogen and hydrogen for mobility solutions), announced its first hydrogen fueling station project for the 2022 Winter Olympics has been commissioned in Zhangjiakou in China's Hebei Province, one of the host cities.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Global Hydrogen Fueling Station Market Outlook
5 Global Hydrogen Fueling Station Market, By Product
6 Global Hydrogen Fueling Station Market, By End User
7 Global Hydrogen Fueling Station Market, By Region
8 North America Global Hydrogen Fueling Station Market Analysis and Forecast (2022 - 2027)
9 Europe Global Hydrogen Fueling Station Market Analysis and Forecast (2022 - 2027)
10 Asia Pacific Global Hydrogen Fueling Station Market Analysis and Forecast (2022 - 2027)
11 Latin America Global Hydrogen Fueling Station Market Analysis and Forecast (2022 - 2027)
12 Middle East Global Hydrogen Fueling Station Market Analysis and Forecast (2022 - 2027)
13 Competitive Analysis
14 Company Profiles
Companies Mentioned
- Air Products and Chemicals Inc.
- Ballard Power Systems Inc.
- BP Plc
- Cummins Inc.
- FirstElement Fuel Inc.
- FuelCell Energy Inc.
- ITM Power plc
- Linde Plc
- Nel ASA
- Shell plc
For more information about this report visit https://www.researchandmarkets.com/r/g8at1g
