Canada Hydrogen Fueling Station Market Size & Outlook
Canada hydrogen fueling station market, 2018-2030 (US$M)
Related Markets
Canada hydrogen fueling station market highlights
- The Canada hydrogen fueling station market generated a revenue of USD 4.8 million in 2023 and is expected to reach USD 27.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 28.2% 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.
Hydrogen fueling station market data book summary
| Market revenue in 2023 | USD 4.8 million |
| Market revenue in 2030 | USD 27.5 million |
| Growth rate | 28.2% (CAGR from 2023 to 2030) |
| Largest segment | Medium station |
| Fastest growing segment | Large Station |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 0.7% of the global hydrogen fueling station market in 2023.
- Country-wise, France is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. hydrogen fueling station market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 458.2 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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Canada 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 52.08% in 2023. Horizon Databook has segmented the Canada hydrogen fueling station market based on small station, medium station, large station covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing demand for energy storage solutions and grid flexibility is driving the expansion of the hydrogen fueling station market in Canada. Hydrogen produced during excess renewable energy generation periods can be stored and later utilized for fueling vehicles or generating electricity.
The deployment of hydrogen fueling infrastructure supports the grid by stabilizing irregular renewable energy sources. Canada's emphasis on regional energy security and resilience is driving the expansion of the hydrogen fueling station market.
Hydrogen, produced domestically from various sources, including renewable energy and natural gas, offers a reliable and secure energy supply. The development of hydrogen fueling infrastructure supports regional energy independence.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada hydrogen fueling station market , including forecasts for subscribers. This country databook contains high-level insights into Canada hydrogen fueling station market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada hydrogen fueling station market size, by size, 2018-2030 (US$M)
Canada Hydrogen Fueling Station Market Outlook Share, 2023 & 2030 (US$M)
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