Global Hydrogen Fuelling Station Market Scope
Hydrogen Fuelling Station is where hydrogen can be get fueled for vehicle just similar to the petrol or diesel fuel station. Hydrogen is common chemical element and gradually increasing number of hydrogen fuel vehicle increases the demand of hydrogen fueling station. Many government originated and privately owned companies shows interest in instalment of hydrogen fueling stations. Hydrogen fuel captivity of these station changes according to size of station such as small, medium and large stations. According to the type of vehicle, dispenses hydrogen at pressures of 350 bar, 700 bar, or dual pressure dispensing. Growing awareness for renewable fuel sources and energy security, give rise to the hydrogen fueling station market over forecast period
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|Key Companies Profiled||Shell Plc (United Kingdom), Air Product and Chemicals, Inc. (United States), Black and Veatch Holding Company (United States), Linde Group (United States), GE Gas Power (United States), Cummins (United States), Jakson Green (India), Ballard Power (Canada), SinoHy Energy (China), Haskel (United States), Nel ASA (Norway), Cryostar (France), Hydra Energy (Canada), Sera GmbH (Germany) and ZEV station (United States)|
Several large and small industry players participate extensively to enhance their manufacturing capabilities by leveraging modern technology. Numerous collaborations and partnerships with the government pertaining to aid in strengthening the market competencies of the key players. This offers them a competitive edge to sustain their market position
Shell Plc (United Kingdom), Air Product and Chemicals, Inc. (United States), Black and Veatch Holding Company (United States), Linde Group (United States), GE Gas Power (United States), Cummins (United States), Jakson Green (India), Ballard Power (Canada), SinoHy Energy (China), Haskel (United States), Nel ASA (Norway), Cryostar (France), Hydra Energy (Canada), Sera GmbH (Germany) and ZEV station (United States) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Global Hydrogen Fuelling Station market by Type , by Application (Commercial and Industrial) and Region with country level break-up.
On the basis of geography, the market of Global Hydrogen Fuelling Station has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesIn April 2020, Air Products acquired five steam methane reformer (SMR) hydrogen production plants from PBF Energy Inc. for USD 530 million. This increased production capacity up to 300 million standard cubic feet per day. This acquisition helped company to expands its presence in hydrogen fuelling station market
In April 2023, Jakson Green developed hydrogen fueling station at Badarpur in New Delhi, India. Along with station they built a battery energy storage system (BESS) backed renewable hybrid power plant. This fuel station produce 260kg of green hydrogen per day at a pressure of 350 bar. This development helped company to expand Jakson Green’s presence in Hydrogen Fuelling Station market
Influencing Trend:Rising Demand for Clean Transportation Fuel
Market Growth Drivers:Government Provide Incentive for the Production of Hydrogen Fuel, Increasing Demand for Hydrogen Fuelling Station, Growing Awareness for Renewable Fuel Sources and Energy Security and High Demand for Hydrogen Station Cause It Provide Fast Fuelling Time
Challenges:Limited Number of Hydrogen Powered Vehicles and Presence of Competitors Such As EV And Other Fuel
Restraints:High Cost of Implementation
Opportunities:Increasing Number of Technical Advancement Such As H2FIRST
Key Target AudienceHydrogen Fuelling Station provider, Hydrogen Fuel manufacturers, Government Bodies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users and Others