North America Hydrogen Fueling Station Market Size & Outlook
North America hydrogen fueling station market, 2018-2030 (US$M)
Related Markets
North America hydrogen fueling station market highlights
- The North America hydrogen fueling station market generated a revenue of USD 69.6 million in 2023.
- The market is expected to grow at a CAGR of 32.1% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 69.6 million |
| Market revenue in 2030 | USD 488.7 million |
| Growth rate | 32.1% (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, North America region accounted for 10.0% 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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North 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 50.43% in 2023. Horizon Databook has segmented the North America hydrogen fueling station market based on small station, medium station, large station covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing demand for zero-emission vehicles and a sustainable transportation infrastructure is driving the North America market growth. The expansion of hydrogen fueling infrastructure is pivotal in meeting the rising demand for these eco-friendly vehicles. Establishing a robust network of hydrogen fueling stations enhances the accessibility and convenience of hydrogen-powered vehicles for consumers across North America, driving the adoption of fuel cell technology.
In 2022, 11 new filling stations opened in North America; California currently has 70 out of the 89 operational filling stations. Adding these filling stations may have significant implications for the fuel industry in the region. These developments could help increase the accessibility of fuel to a wider range of consumers and potentially encourage further investment in the industry.
The focus on fostering regional resilience and disaster preparedness is driving the market in North America. Hydrogen fuel cell technology can be deployed for transportation as well as a backup power source during emergencies. Hydrogen-powered vehicles serve as mobile power generators, providing electricity to critical infrastructure during power outages.
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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 continent-level data and insights on the North America hydrogen fueling station market , including forecasts for subscribers. This continent databook contains high-level insights into North America hydrogen fueling station market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America hydrogen fueling station market size, by country, 2018-2030 (US$M)
North America Hydrogen Fueling Station Market Outlook Share, 2023 & 2030 (US$M)
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