India Hydrogen Fueling Station Market Size & Outlook
India hydrogen fueling station market, 2018-2030 (US$M)
Related Markets
India hydrogen fueling station market highlights
- The India hydrogen fueling station market generated a revenue of USD 1.2 million in 2023 and is expected to reach USD 2.9 million by 2030.
- The India market is expected to grow at a CAGR of 13% from 2024 to 2030.
- In terms of segment, medium station was the largest revenue generating size in 2023.
- Small 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 1.2 million |
| Market revenue in 2030 | USD 2.9 million |
| Growth rate | 13% (CAGR from 2023 to 2030) |
| Largest segment | Medium station |
| Fastest growing segment | Small Station |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Small Station, Medium 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, India accounted for 0.2% 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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India 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 66.67% in 2023. Horizon Databook has segmented the India hydrogen fueling station market based on small station, medium station covering the revenue growth of each sub-segment from 2018 to 2030.
The focus of India on agricultural transformation and sustainable practices has been a key factor influencing the hydrogen fueling station market. The agriculture sector is exploring hydrogen as a clean energy source for various applications including fueling tractors and machinery.
India supports the agricultural community in transitioning toward environment-friendly practices by integrating hydrogen fueling stations into rural areas. This dual hydrogen application in urban and rural contexts is expected to broaden the market potential in the country.
India's hydrogen fueling station market is likely to be driven by the growing trend of using hydrogen to address water scarcity and improve water management practices. Hydrogen generated through electrolysis can use wastewater as a feedstock.
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Horizon Databook provides a detailed overview of country-level data and insights on the India hydrogen fueling station market , including forecasts for subscribers. This country databook contains high-level insights into India hydrogen fueling station market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India hydrogen fueling station market size, by size, 2018-2030 (US$M)
India Hydrogen Fueling Station Market Outlook Share, 2023 & 2030 (US$M)
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