Hydrogen Station Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Hydrogen fueling station has gained tremendous focus owing to growing adoption of fuel cell electric vehicles, which came into existence depending on hydrogen power. Focus should be placed on hydrogen fuel as the future fuel to replace the existing gasoline or electric engine vehicles. Therefore, increase in demand for vehicles, which cause less pollution, is going to drive the growth of the hydrogen fueling station market over the forecast period.
MARKET SCOPE
The "Global Hydrogen Station Market Analysis to 2031" is a specialized and in-depth study of the clean energy with a special focus on the global market trend analysis. The report aims to provide an overview of the hydrogen station market with detailed market segmentation by product, end-user and geography. The report provides key statistics on the market status of the leading hydrogen station market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of product the market is segmented into Retail vs. Non-Retail Stations and Mobile Hydrogen Stations
- On the basis of end-user the market is segmented into Hydrogen Tube Trailers, Tanker Trucks, Pipeline Delivery and Railcars & Barges
Drivers
- Growing demand for hydrogen powered vehicles
- Increasing demand for low carbon technologies
- High Initial Investment restraints the market growth
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The hydrogen station market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the hydrogen station market in these regions.
IMPACT OF COVID-19 ON HYDROGEN STATION MARKET
The emergence of the COVID-19 has severely impacted the hydrogen station market, which resulted decline in the market growth in the year 2021. The COVID-19 has resulted in many advantages and disadvantages for companies in the hydrogen vehicle market, which are expected to boost the fuel market in the coming years. The global pandemic of COVID-19 has redefined business strategies and changed customer's buying behavior, which may benefit the market. The coronavirus outbreak has heavily impacted the manufacturing industry's original equipment manufacturer (OEM). However, parts suppliers have yet to return to full production capacity. However, from 2021 the ease in restrictions and growing prospects in fuel cell electric vehicles is fueling the market growth. The supportive government regulations for introducing the policies in fuel cell vehicles is anticipated to drive the market growth over the pandemic recovery period.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The hydrogen station market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the hydrogen station market in these regions.
IMPACT OF COVID-19 ON HYDROGEN STATION MARKET
The emergence of the COVID-19 has severely impacted the hydrogen station market, which resulted decline in the market growth in the year 2021. The COVID-19 has resulted in many advantages and disadvantages for companies in the hydrogen vehicle market, which are expected to boost the fuel market in the coming years. The global pandemic of COVID-19 has redefined business strategies and changed customer's buying behavior, which may benefit the market. The coronavirus outbreak has heavily impacted the manufacturing industry's original equipment manufacturer (OEM). However, parts suppliers have yet to return to full production capacity. However, from 2021 the ease in restrictions and growing prospects in fuel cell electric vehicles is fueling the market growth. The supportive government regulations for introducing the policies in fuel cell vehicles is anticipated to drive the market growth over the pandemic recovery period.
MARKET PLAYERS
The report covers key developments in the hydrogen station market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in the hydrogen station market are anticipated to provide lucrative growth opportunities in the future owing to growing demand for fuel cell electric vehicles.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hydrogen station market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- mpAir Liquide
- Air Products Inc.
- FirstElement Fuel, Inc.
- FuelCell Energy, Inc.
- Linde plc
- Ballard Power Systems
- Nel ASA
- NUVERA FUEL CELLS, LLC
- Praxair Technology, Inc.
- Black & Veatch Holding Coany
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Hydrogen Station Market - By Product
1.3.2 Hydrogen Station Market - By End-User
1.3.3 Hydrogen Station Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HYDROGEN STATION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. HYDROGEN STATION MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. HYDROGEN STATION MARKET - GLOBAL MARKET ANALYSIS
6.1. HYDROGEN STATION - GLOBAL MARKET OVERVIEW
6.2. HYDROGEN STATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. HYDROGEN STATION MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. RETAIL VS. NON-RETAIL STATIONS
7.3.1. Overview
7.3.2. Retail vs. Non-Retail Stations Market Forecast and Analysis
7.4. MOBILE HYDROGEN STATIONS
7.4.1. Overview
7.4.2. Mobile Hydrogen Stations Market Forecast and Analysis
8. HYDROGEN STATION MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. HYDROGEN TUBE TRAILERS
8.3.1. Overview
8.3.2. Hydrogen Tube Trailers Market Forecast and Analysis
8.4. TANKER TRUCKS
8.4.1. Overview
8.4.2. Tanker Trucks Market Forecast and Analysis
8.5. PIPELINE DELIVERY AND RAILCARS AND BARGES
8.5.1. Overview
8.5.2. Pipeline Delivery and Railcars and Barges Market Forecast and Analysis
9. HYDROGEN STATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Hydrogen Station Market Overview
9.1.2 North America Hydrogen Station Market Forecasts and Analysis
9.1.3 North America Hydrogen Station Market Forecasts and Analysis - By Product
9.1.4 North America Hydrogen Station Market Forecasts and Analysis - By End-User
9.1.5 North America Hydrogen Station Market Forecasts and Analysis - By Countries
9.1.5.1 United States Hydrogen Station Market
9.1.5.1.1 United States Hydrogen Station Market by Product
9.1.5.1.2 United States Hydrogen Station Market by End-User
9.1.5.2 Canada Hydrogen Station Market
9.1.5.2.1 Canada Hydrogen Station Market by Product
9.1.5.2.2 Canada Hydrogen Station Market by End-User
9.1.5.3 Mexico Hydrogen Station Market
9.1.5.3.1 Mexico Hydrogen Station Market by Product
9.1.5.3.2 Mexico Hydrogen Station Market by End-User
9.2. EUROPE
9.2.1 Europe Hydrogen Station Market Overview
9.2.2 Europe Hydrogen Station Market Forecasts and Analysis
9.2.3 Europe Hydrogen Station Market Forecasts and Analysis - By Product
9.2.4 Europe Hydrogen Station Market Forecasts and Analysis - By End-User
9.2.5 Europe Hydrogen Station Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Hydrogen Station Market
9.2.5.1.1 Germany Hydrogen Station Market by Product
9.2.5.1.2 Germany Hydrogen Station Market by End-User
9.2.5.2 France Hydrogen Station Market
9.2.5.2.1 France Hydrogen Station Market by Product
9.2.5.2.2 France Hydrogen Station Market by End-User
9.2.5.3 Italy Hydrogen Station Market
9.2.5.3.1 Italy Hydrogen Station Market by Product
9.2.5.3.2 Italy Hydrogen Station Market by End-User
9.2.5.4 United Kingdom Hydrogen Station Market
9.2.5.4.1 United Kingdom Hydrogen Station Market by Product
9.2.5.4.2 United Kingdom Hydrogen Station Market by End-User
9.2.5.5 Russia Hydrogen Station Market
9.2.5.5.1 Russia Hydrogen Station Market by Product
9.2.5.5.2 Russia Hydrogen Station Market by End-User
9.2.5.6 Rest of Europe Hydrogen Station Market
9.2.5.6.1 Rest of Europe Hydrogen Station Market by Product
9.2.5.6.2 Rest of Europe Hydrogen Station Market by End-User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Hydrogen Station Market Overview
9.3.2 Asia-Pacific Hydrogen Station Market Forecasts and Analysis
9.3.3 Asia-Pacific Hydrogen Station Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Hydrogen Station Market Forecasts and Analysis - By End-User
9.3.5 Asia-Pacific Hydrogen Station Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Hydrogen Station Market
9.3.5.1.1 Australia Hydrogen Station Market by Product
9.3.5.1.2 Australia Hydrogen Station Market by End-User
9.3.5.2 China Hydrogen Station Market
9.3.5.2.1 China Hydrogen Station Market by Product
9.3.5.2.2 China Hydrogen Station Market by End-User
9.3.5.3 India Hydrogen Station Market
9.3.5.3.1 India Hydrogen Station Market by Product
9.3.5.3.2 India Hydrogen Station Market by End-User
9.3.5.4 Japan Hydrogen Station Market
9.3.5.4.1 Japan Hydrogen Station Market by Product
9.3.5.4.2 Japan Hydrogen Station Market by End-User
9.3.5.5 South Korea Hydrogen Station Market
9.3.5.5.1 South Korea Hydrogen Station Market by Product
9.3.5.5.2 South Korea Hydrogen Station Market by End-User
9.3.5.6 Rest of Asia-Pacific Hydrogen Station Market
9.3.5.6.1 Rest of Asia-Pacific Hydrogen Station Market by Product
9.3.5.6.2 Rest of Asia-Pacific Hydrogen Station Market by End-User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Hydrogen Station Market Overview
9.4.2 Middle East and Africa Hydrogen Station Market Forecasts and Analysis
9.4.3 Middle East and Africa Hydrogen Station Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Hydrogen Station Market Forecasts and Analysis - By End-User
9.4.5 Middle East and Africa Hydrogen Station Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Hydrogen Station Market
9.4.5.1.1 South Africa Hydrogen Station Market by Product
9.4.5.1.2 South Africa Hydrogen Station Market by End-User
9.4.5.2 Saudi Arabia Hydrogen Station Market
9.4.5.2.1 Saudi Arabia Hydrogen Station Market by Product
9.4.5.2.2 Saudi Arabia Hydrogen Station Market by End-User
9.4.5.3 U.A.E Hydrogen Station Market
9.4.5.3.1 U.A.E Hydrogen Station Market by Product
9.4.5.3.2 U.A.E Hydrogen Station Market by End-User
9.4.5.4 Rest of Middle East and Africa Hydrogen Station Market
9.4.5.4.1 Rest of Middle East and Africa Hydrogen Station Market by Product
9.4.5.4.2 Rest of Middle East and Africa Hydrogen Station Market by End-User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Hydrogen Station Market Overview
9.5.2 South and Central America Hydrogen Station Market Forecasts and Analysis
9.5.3 South and Central America Hydrogen Station Market Forecasts and Analysis - By Product
9.5.4 South and Central America Hydrogen Station Market Forecasts and Analysis - By End-User
9.5.5 South and Central America Hydrogen Station Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Hydrogen Station Market
9.5.5.1.1 Brazil Hydrogen Station Market by Product
9.5.5.1.2 Brazil Hydrogen Station Market by End-User
9.5.5.2 Argentina Hydrogen Station Market
9.5.5.2.1 Argentina Hydrogen Station Market by Product
9.5.5.2.2 Argentina Hydrogen Station Market by End-User
9.5.5.3 Rest of South and Central America Hydrogen Station Market
9.5.5.3.1 Rest of South and Central America Hydrogen Station Market by Product
9.5.5.3.2 Rest of South and Central America Hydrogen Station Market by End-User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. HYDROGEN STATION MARKET, KEY COMPANY PROFILES
11.1. AIR LIQUIDE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AIR PRODUCTS INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. FIRST ELEMENT FUEL, INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. FUELCELL ENERGY, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LINDE PLC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. BALLARD POWER SYSTEMS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NEL ASA
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NUVERA FUEL CELLS, LLC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PRAXAIR TECHNOLOGY, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. BLACK AND VEATCH HOLDING COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List Of Companies
- Air Liquide
- Air Products Inc.
- First Element Fuel, Inc.
- FuelCell Energy, Inc.
- Linde plc
- Ballard Power Systems
- Nel ASA
- NUVERA FUEL CELLS, LLC
- Praxair Technology, Inc.
- Black and Veatch Holding Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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