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.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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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