The global hydrogen fuel station market is anticipated to grow at a significant CAGR of 16.4% during the forecast period (2024-2031). The market growth is attributed to the growing adoption of the hydrogen economy globally with an increase in the development of hydrogen infrastructure, increased demand for hydrogen fuel stations in the automotive industry, and increased government investment in clean energy including funding in hydrogen fuel stations. For instance, in October 2023, the US Department of Energy announced $7.0billion for America's first clean hydrogen hubs, driving clean manufacturing and delivering new economic opportunities nationwide. The government provides an investment of $925.0 million, particularly for the development of hydrogen pipelines, multiple hydrogen fueling stations, and permanent CO2 storage at Appalachian Hydrogen Hub.
Browse the full report description of “Hydrogen Fueling Station Market Size, Share & Trends Analysis Report by Station Type (Fixed Hydrogen Station and Mobile Hydrogen Station), by Supply Type (Off-Site and On-Site), and by Solution (Engineering, Procurement and Construction (EPC) and Components) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/hydrogen-fueling-station-market
Increasing Hydrogen potential to assist in lowering the carbon emissions of the transportation sector and other hard-to-decarbonize industries drives the growth of the market. Market players undergoing extensive collaboration to support the decarbonization of transportation. For instance, in February 2022, Chevron U.S.A. Inc. (Chevron), a subsidiary of Chevron Corp. and Iwatani Corpof America (ICA), announced an agreement to co-develop and construct 30 hydrogen fueling sites in California by 2026.The stations will initially fuel light-duty vehicles while retaining the flexibility to service heavy-duty vehicles over the long term. Iwatani operates and maintains the hydrogen fueling sites and provides hydrogen supply and transportation logistics services.
Various companies are finding alternative ways to produce hydrogen fuel from different sources to overcome the demand for hydrogen fuel by investing. For instance, in December 2023, China's State Power Investment Corp. announced a 42.0 billion yuan ($5.8 billion) investment plan in northeast China to produce fuel from hydrogen produced from wind power.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Station Type
o By Supply Type
o By Solution
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Air Liquide , Air Products and Chemicals, Inc., Linde plc, among others.
Key questions addressed by the report.
Global Hydrogen Fueling Station Market Report Segment
By Station Type
By Supply Type
By Solution
Global Hydrogen Fueling Station Market Report Segment by Region
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 & Africa
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/hydrogen-fueling-station-market