"Actionable Insights to Fuel Your Growth"

U.S. Hydrogen Fueling Station Market Size, Share & COVID-19 Impact Analysis, By Type (Small Station {Low Pressure and High Pressure), Medium Station (Low Pressure and High Pressure), and Large Station (Low Pressure and High Pressure), Country Forecast, 2023-2030

Last Updated: June 24, 2024 | Format: PDF | Report ID: FBI108803

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The U.S. hydrogen fueling station market size was worth USD 32.17 million in 2022 and is projected to grow at a CAGR of 35.46% during the forecast period. 


Hydrogen fueling stations are crucial infrastructure for developing and deploying hydrogen fuel cell vehicles (FCVs). These stations play an important role in facilitating the adoption of hydrogen as a clean and sustainable energy source for transportation. The increasing concern over climate change and the need to lower greenhouse gas emissions has increased the interest in cleaner energy options. Hydrogen fuel cell vehicles offer a zero-emission transportation solution, making them an attractive option for policymakers and governments aiming to meet their carbon reduction targets. Many governments around the world are supporting the development and deployment of hydrogen infrastructure as part of their efforts to promote clean energy and reduce carbon emissions. The growth of hydrogen fueling stations is closely tied to the adoption of fuel cell vehicles during the forecast period. As more automakers develop and commercialize FCVs, the demand for hydrogen fueling infrastructure rises to support the expansion of the vehicle fleet.


The pandemic has prompted industries to collaborate and innovate. The hydrogen sector may have seen advancements in technology, business models, and partnerships aimed at overcoming challenges and promoting the growth of fuel cell vehicles.


LATEST TRENDS


Continued Expansion of Hydrogen Fueling Infrastructure to Drive the Product Demand


Governments, energy companies, and automotive manufacturers are likely to continue investing in the development of more fueling stations to support the growing fleet of fuel-cell vehicles. As the number of fuel cell vehicles on the roads grows, the need for hydrogen fueling stations also increases. Automakers and fleet operators are more likely to invest in fuel cell vehicles when they know sufficient refueling infrastructure is available. Hydrogen fuelling station requires choosing a suitable location based on factors such as accessibility, proximity to major roads, and compatibility with local zoning regulations. Ensure the site has the necessary infrastructure for utilities like electricity, water, and gas. A robust network of fueling stations also encourages more players to enter the market, driving up the demand for hydrogen fueling stations.


DRIVING FACTORS


Advancements in Hydrogen Technology to Drive the Market Expansion


Advancements in hydrogen technology play an important role in driving the demand for hydrogen fueling stations. As hydrogen technology enhances and becomes more effective, reliable, and cost-effective, it improves hydrogen's complete viability and appeal as a clean and sustainable energy source for several applications, including fuel cell vehicles. Technological advancements have led to a notable reduction in the production and distribution costs of hydrogen. As costs decrease, hydrogen fuel prices become more competitive with conventional fuels, making fuel cell vehicles economically more attractive to consumers. Technological advancements have enhanced the purity of hydrogen gas, ensuring higher quality and safety standards for fuel cell vehicles. The implementation of enhanced safety measures at fueling stations, such as improved leak detection and emergency shutdown systems, further strengthens confidence in the technology’s safety and reliability. Fuel cell technology is utilized in the design of hydrogen dispensers at fueling stations. These dispensers use fuel cells to provide a controlled and efficient flow of hydrogen to fuel cell vehicles. They ensure accurate measurement and safe dispensing of hydrogen to vehicles.


RESTRAINING FACTORS


High Infrastructure Cost to Restrain the Hydrogen Fueling Station Market Growth


Building a hydrogen fueling station involves outstanding capital investment. This comprises costs for land acquisition, construction, equipment, safety systems, and compliance with safety and environmental regulations. This high upfront cost can be a barrier for businesses and governments to invest in large-scale deployment of fueling stations. Such factors are set to hamper the U.S. hydrogen fueling station market growth.


The relatively small number of fuel cell vehicles compared to conventional internal combustion engines has limited the economies of scale in this market. With a limited customer base, the cost per station remains high, making it difficult to compete with traditional fossil fuel-based refueling stations.


SEGMENTATION


By Type Analysis


Based on type, the market is segmented into small station (less than 1 t/d of H2) {low pressure (350 bar), high pressure (700 bar)}, medium station (1-4 t/d of H2) {low pressure (350 bar), high pressure (700 bar)}, large station (more than 4t/d of H2) {low pressure (350 bar), high pressure (700 bar)}.


The small station (less than 1 t/d of H2) segment accounted for the largest share owing to several factors such as cost efficiency, easier deployment in urban areas or regions, and its potential to serve niche markets or specific applications. Small stations offer scalability and flexibility in deployment. They can be deployed quickly in response to growing demand or market developments, permitting stakeholders to test the viability of hydrogen fueling in new areas before committing to larger investments.


KEY INDUSTRY PLAYERS


In terms of the competitive landscape, the U.S. hydrogen fueling station market share depicts the presence of established and emerging hydrogen fueling station companies in the U.S. Some of the other companies with a considerable presence in the U.S. market include Air Liquide, FirstElement Fuel, Inc., Air Products and Chemicals, Inc., Linde Engineering, Nel Hydrogen, Plug Power, One H2, FuelCell Energy, Inc., McPhy Energy, and Proton OnSite.


These companies are forging partnerships to strengthen their market positions. For instance, In February 2023, Air Liquide partnered with Total Energies to progress a network of around 100 hydrogen stations for heavy-duty vehicles. Considering another instance, in March 2023, FirstElement Fuel partnered with Hyundai Motors to fuel and test Hyundai Motor’s XCIENT Fuel Cell Heavy Duty trucks in California.  


LIST OF KEY COMPANIES PROFILED:



KEY INDUSTRY DEVELOPMENTS:



  • June 2023 – NEL Hydrogen received a firm purchase order from a U.S. Energy Company for the transportation of 16 hydrogen fueling stations to be positioned in California, U.S. The total value of the purchase order was around USD 24 million, comprising the formerly declared capacity reservation agreement fee of around USD 7 million.

  • January 2023 – Plug Power declared a long-term strategic partnership with JM to speed up the green hydrogen economy. This partnership would help the company achieve its revenue targets of USD 5 billion and USD 20 billion by 2030.

  • August 2022– Linde launched the world’s first hydrogen refueling station for passenger trains. Linde’s hydrogen refueling system. This facility enabled each train to run for about 1,000 kilometers emission-free on a single refueling.


REPORT COVERAGE


The U.S. hydrogen fueling station market report provides a detailed analysis of the market. It focuses on key aspects such as an overview of the technological advancements, the prevalence of this industry in the U.S., and pricing analysis. Additionally, it includes information about new product launches, key industry developments such as mergers, partnerships, acquisitions, and the impact of COVID-19 on the market. Besides this, the report also offers insights into the market trends and highlights key industry dynamics. In addition to the aforementioned factors, it encompasses several factors that have contributed to the growth of the market over recent years.


An Infographic Representation of U.S. Hydrogen Fueling Station Market

To get information on various segments, share your queries with us



Report Scope & Segmentation










































ATTRIBUTE



DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year 



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 35.46% from 2023 to 2030



Unit



Value (USD Million), Volume (Units)



Segmentation



By Type



  • Small Station (Less than 1 t/d of H2)

    • Low Pressure (350 bar)

    • High Pressure (700 bar)



  • Medium Station (1-4 t/d of H2)

    • Low Pressure (350 bar)

    • High Pressure (700 bar)



  • Large Station (More than 4 t/d of H2)

    • Low Pressure (350 bar)

    • High Pressure (700 bar)








Frequently Asked Questions

According to Fortune Business Insights, the U.S. market was worth USD 32.17 million in 2022.

The market is expected to exhibit a CAGR of 35.46% during the forecast period (2023-2030).

By type, the small station (less than 1 t/d of H2) segment dominated the market.

Air Liquide, Nel Hydrogen, Plug Power, Linde Engineering, One H2, Proton OnSite, and FirstElement Fuel, Inc. are the top players in the market.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • 2019-2030
  • 2022
  • 2019-2021
  • 60

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X