Europe Hydrogen Fueling Station Market Size & Outlook
Europe hydrogen fueling station market, 2018-2030 (US$M)
Related Markets
Europe hydrogen fueling station market highlights
- The Europe hydrogen fueling station market generated a revenue of USD 162.1 million in 2023.
- The market is expected to grow at a CAGR of 35.5% 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, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 162.1 million |
| Market revenue in 2030 | USD 1,356.4 million |
| Growth rate | 35.5% (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, Europe region accounted for 23.3% 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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Europe 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 53.49% in 2023. Horizon Databook has segmented the Europe hydrogen fueling station market based on small station, medium station, large station covering the revenue growth of each sub-segment from 2018 to 2030.
In Europe, the demand for hydrogen refueling stations has increased significantly, driven by several key factors. The continent's ambitious climate goals and the need to decarbonize various sectors, especially transport, have pushed governments, industries, and consumers toward cleaner energy solutions.
For instance, in July 2023, the EU Council finalized the EU Alternative Fuels Infrastructure Regulation (AFIR), which sets targets for member states to deploy electric charging and hydrogen refueling stations and encourage the adoption of zero-emission vehicles. The Alternative Fuels Infrastructure Regulation requires H2 filling stations in every major urban area and every 200 km along the main European road network by 2030.
Hydrogen, as a versatile zero-emission fuel, has enormous potential to play a central role in this transition. Moreover, the growth of the hydrogen fueling station market is driven primarily by research & development in hydrogen technology, thus increasing the application of hydrogen in various sectors as well as the need for fueling stations to meet the demand and supply profiles.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe hydrogen fueling station market , including forecasts for subscribers. This continent databook contains high-level insights into Europe hydrogen fueling station market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe hydrogen fueling station market size, by country, 2018-2030 (US$M)
Europe Hydrogen Fueling Station Market Outlook Share, 2023 & 2030 (US$M)
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