Asia Pacific Hydrogen Fueling Station Market Size & Outlook
Asia Pacific hydrogen fueling station market, 2018-2030 (US$M)
Related Markets
Asia Pacific hydrogen fueling station market highlights
- The Asia Pacific hydrogen fueling station market generated a revenue of USD 457.2 million in 2023.
- The market is expected to grow at a CAGR of 15.9% from 2024 to 2030.
- In terms of segment, medium station was the largest revenue generating size in 2023.
- Large Station is the most lucrative size segment registering the fastest growth during the forecast period.
- Country-wise, Australia is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 457.2 million |
| Market revenue in 2030 | USD 1,286.0 million |
| Growth rate | 15.9% (CAGR from 2023 to 2030) |
| Largest segment | Medium station |
| Fastest growing segment | Large Station |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Small Station, Medium Station, Large Station |
| Key market players worldwide | Air Liquide SA, Cummins Inc, Air Products & Chemicals Inc, FuelCell Energy Inc, ITM Power PLC, Ballard Power Systems Inc, NEL ASA, TotalEnergies SE, China Petroleum & Chemical Corp Class H, H2 Energy Group |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 65.8% of the global hydrogen fueling station market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 72.1 million by 2030.
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Hydrogen Fueling Station Market Scope
Hydrogen Fueling Station Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific hydrogen fueling station market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hydrogen fueling station market will help companies and investors design strategic landscapes.
Medium station was the largest segment with a revenue share of 57.9% in 2023. Horizon Databook has segmented the Asia Pacific hydrogen fueling station market based on small station, medium station, large station covering the revenue growth of each sub-segment from 2018 to 2030.
Governments across Asia Pacific are implementing strategies to promote the adoption of hydrogen fuel cell vehicles, which is in turn increasing the demand for suitable hydrogen fueling infrastructure. As part of broader efforts to achieve carbon neutrality goals, countries in the region are investing in hydrogen production and distribution infrastructure including hydrogen fueling stations.
According to the International Renewable Energy Agency, in June 2021, 40,000 fuel-cell electric vehicles were operating globally, with nearly 90% operating in four countries, namely Korea, the U.S., China, and Japan. In the same year, approximately 6,000 fuel-cell electric buses were operational worldwide, and China accounted for 95% of fuel-cell electric buses.
These figures demonstrate the growing popularity of fuel cell electric vehicles in Asia, which address the challenges, such as pollution and dependence on fossil fuels, associated with conventional fuel-powered vehicles. Growing population and urbanization in the region contribute to increased demand for transportation solutions. Hydrogen fuel cell vehicles offer an alternative to traditional internal combustion engines, providing a clean and efficient means of transportation.
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Our clientele includes a mix of hydrogen fueling station market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific hydrogen fueling station market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific hydrogen fueling station market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific hydrogen fueling station market size, by country, 2018-2030 (US$M)
Asia Pacific Hydrogen Fueling Station Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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