Latin America Hydrogen Fueling Station Market Size & Outlook
Latin America hydrogen fueling station market, 2018-2030 (US$M)
Related Markets
Latin America hydrogen fueling station market highlights
- The Latin America hydrogen fueling station market generated a revenue of USD 1.8 million in 2023.
- The market is expected to grow at a CAGR of 69.4% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1.8 million |
| Market revenue in 2030 | USD 72.1 million |
| Growth rate | 69.4% (CAGR from 2023 to 2030) |
| Largest segment | Medium station |
| Fastest growing segment | Small 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 |
| 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, Latin America region accounted for 0.3% 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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Latin America 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 61.11% in 2023. Horizon Databook has segmented the Latin America hydrogen fueling station market based on small station, medium station covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America has a relatively low demand for hydrogen fueling stations compared to other regions due to lower investment in green hydrogen technology and low demand from end-use industries. The demand for hydrogen fueling station is concentrated in industrialized countries such as Brazil and Argentina.
However, the growing interest in hydrogen-powered vehicles, especially in public transport and commercial fleets, is driving the demand for hydrogen refueling stations. In addition, factors such as increasing adoption of hydrogen as a clean energy source and rising demand for efficient and reliable energy storage solutions are expected to create the demand for hydrogen fueling stations in the region.
For instance, in January 2023, Panama announced its plans to become a green hydrogen hub in the region with an investment of USD 500 million. The plan includes three main goals: production of green hydrogen, its logistics and storage, and commercialization of the hydrogen source. The goal is to reduce the dependence on fossil fuels and produce about 500,000 tons of green hydrogen per year by 2030.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America hydrogen fueling station market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America hydrogen fueling station market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America hydrogen fueling station market size, by country, 2018-2030 (US$M)
Latin America Hydrogen Fueling Station Market Outlook Share, 2023 & 2030 (US$M)
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