China Hydrogen Fueling Station Market Size & Outlook
China hydrogen fueling station market, 2018-2030 (US$M)
Related Markets
China hydrogen fueling station market highlights
- The China hydrogen fueling station market generated a revenue of USD 169.0 million in 2023 and is expected to reach USD 403.9 million by 2030.
- The China market is expected to grow at a CAGR of 13.3% 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 169.0 million |
| Market revenue in 2030 | USD 403.9 million |
| Growth rate | 13.3% (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, China accounted for 24.3% 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 Asia Pacific, Japan hydrogen fueling station market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 13.5 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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China 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 56.63% in 2023. Horizon Databook has segmented the China hydrogen fueling station market based on small station, medium station, large station covering the revenue growth of each sub-segment from 2018 to 2030.
China's automotive industry significantly contributes to accelerating the hydrogen fueling station market. Local governments are increasingly investing in hydrogen fuel cell technology for commercial and passenger vehicles. Government policies and incentives toward innovation in the automotive sector are creating a favorable environment for the adoption of fuel cell vehicles, driving the demand for hydrogen fueling infrastructure across the country.
China's urbanization and smart city development goals are also expected to expand the hydrogen fueling station market. As cities develop and modernize, there is a growing emphasis on creating sustainable and intelligent urban ecosystems. Hydrogen fuel cell vehicles and the supporting infrastructure are integral to this vision, offering a clean and efficient mobility solution.
Integration of hydrogen fueling stations into smart city plans is further expected to promote sustainable transportation in China. In December 2023, Dongguan City announced plans for hydrogen industry development by 2025. The city aims to cultivate at least three leading enterprises in the hydrogen sector, foster the growth of over 50 promising companies, introduce 900 fuel cell vehicles for pilot applications, and launch 20 hydrogen-refueling stations.
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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 country-level data and insights on the China hydrogen fueling station market , including forecasts for subscribers. This country databook contains high-level insights into China hydrogen fueling station market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China hydrogen fueling station market size, by size, 2018-2030 (US$M)
China Hydrogen Fueling Station Market Outlook Share, 2023 & 2030 (US$M)
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