Dublin, April 12, 2024 (GLOBE NEWSWIRE) -- The "Hydrogen Fuelling Stations Market Report 2024-2034" report has been added to ResearchAndMarkets.com's offering.
World revenue for the Hydrogen Fuelling Stations Market, is forecast to surpass US$954.4 million in 2024, with strong revenue growth through to 2034.
The hydrogen fuelling station market is poised for significant growth, driven by a confluence of factors that underscore the increasing importance of hydrogen as a clean energy carrier. As nations worldwide intensify efforts to transition towards sustainable energy solutions, the demand for hydrogen fuelling infrastructure is escalating, bolstered by a surge in hydrogen-powered vehicles. The market is primarily propelled by the growing emphasis on reducing carbon emissions, fostering the development of a hydrogen economy.
Numerous drivers propel the expansion of the hydrogen fuelling station market. The rising global awareness of the environmental impact of traditional fossil fuels has spurred governments and industries to invest heavily in alternative energy sources, providing a conducive environment for hydrogen as a clean and versatile energy carrier. Additionally, advancements in hydrogen production technologies, such as electrolysis and renewable hydrogen production, are contributing to the expansion of the market, offering environmentally friendly alternatives.
Amidst the burgeoning opportunities within the hydrogen fuelling station market, the transportation sector emerges as a key focal point. The increasing adoption of hydrogen fuel cell vehicles, both in passenger and commercial segments, presents a substantial growth avenue. Furthermore, the integration of hydrogen fuelling infrastructure in the industrial sector, particularly for material handling vehicles and backup power generation, opens up diverse applications for hydrogen, fostering market expansion.
Key Market Dynamics
Market Driving Factors
- Increased Adoption of Hydrogen Fuel Cell Vehicles (FCVs)
- Global Efforts to Reduce Greenhouse Gas Emissions Driving the Market Growth
- Growing Private and Public Investment in Hydrogen Fuelling Station Deployment
Market Restraining Factors
- High Initial Expenditure for Producing Hydrogen Hinder the Market Growth
- Limited Hydrogen Infrastructure Hinder the Market Growth
- Risk Assessment and Safety Measures for Fuelling Stations
Market Opportunities
- Government Initiatives and Policies Opportunities for the market
- Expansion of Market on International Level Opportunities for the Market Players
- Collaboration and Partnership Between Market Players
Key Questions Answered
- How is the hydrogen fuelling stations market evolving?
- What is driving and restraining the hydrogen fuelling stations market?
- How will each hydrogen fuelling stations submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2034?
- How will the market shares for each hydrogen fuelling stations submarket develop from 2024 to 2034?
- What will be the main driver for the overall market from 2024 to 2034?
- Will leading hydrogen fuelling stations markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
- How will the market shares of the national markets change by 2034 and which geographical region will lead the market in 2034?
- Who are the leading players and what are their prospects over the forecast period?
- What are the hydrogen fuelling stations projects for these leading companies?
- How will the industry evolve during the period between 2024 and 2034? What are the implications of hydrogen fuelling stations projects taking place now and over the next 10 years?
- Is there a greater need for product commercialisation to further scale the hydrogen fuelling stations market?
- Where is the hydrogen fuelling stations market heading and how can you ensure you are at the forefront of the market?
- What are the best investment options for new product and service lines?
- What are the key prospects for moving companies into a new growth path and C-suite?
Forecasts to 2034 and other analyses reveal commercial prospects
- In addition to revenue forecasting to 2034, the new study provides you with recent results, growth rates, and market shares.
- You will find original analyses, with business outlooks and developments.
- Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising hydrogen fuelling stations prices and recent developments.
Segments Covered in the Report
Market Segment by Type
- On-Site Production Stations
- Off-Site Production Stations
Market Segment by Size
- Small-Scale Stations
- Medium-Scale Stations
- Large-Scale Stations
Market Segment by Technology
- Electrolysis-Based Stations
- Natural Gas Reforming-Based Stations
- Renewable Hydrogen Production-Based Stations
- Other Technology
Market Segment by Application
- Passenger Vehicles
- Commercial Vehicles
- Material Handling Vehicles
- Backup Power Generation
- Other Applications
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for four regional and 20 leading national markets.
The report also includes profiles and for some of the leading companies in the Hydrogen Fuelling Stations Market, 2024 to 2034, with a focus on this segment of these companies' operations.
Leading companies profiled in the report
- Air Liquide
- Air Products and Chemicals, Inc.
- Atawey
- Chart Industries, Inc.
- Galileo Technologies S.A
- H2 Mobility
- Humble Hydrogen
- Hydrogenious LOHC Technologies
- Ingersoll Rand
- Linde plc
- McPhy Energy SA
- Nel ASA
- PDC Machines
- Powertech Labs Inc.
- Sera GmbH
In summary, the report provides you with the following knowledge:
- Revenue forecasts to 2034 for Hydrogen Fuelling Stations Market, with forecasts for type, size, technology, and application, each forecast at a global and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
- Revenue forecasts to 2034 for four regional and 20 key national markets - See forecasts for the Hydrogen Fuelling Stations Market, 2024 to 2034 market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Also forecasted is the market in the US, Canada, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.
- Prospects for established firms and those seeking to enter the market - including company profiles for 15 of the major companies involved in the Hydrogen Fuelling Stations Market, 2024 to 2034.
For more information about this report visit https://www.researchandmarkets.com/r/nr9ooi
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
