Norway Hydrogen Fueling Station Market Size & Outlook
Norway hydrogen fueling station market, 2018-2030 (US$M)
Related Markets
Norway hydrogen fueling station market highlights
- The Norway hydrogen fueling station market generated a revenue of USD 4.4 million in 2023 and is expected to reach USD 31.1 million by 2030.
- The Norway market is expected to grow at a CAGR of 32% 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.
Hydrogen fueling station market data book summary
| Market revenue in 2023 | USD 4.4 million |
| Market revenue in 2030 | USD 31.1 million |
| Growth rate | 32% (CAGR from 2023 to 2030) |
| Largest segment | Medium station |
| Fastest growing segment | Large Station |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Norway accounted for 0.6% 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 Europe, France hydrogen fueling station market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 538.9 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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Norway 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 56.82% in 2023. Horizon Databook has segmented the Norway hydrogen fueling station market based on small station, medium station, large station covering the revenue growth of each sub-segment from 2018 to 2030.
Norway has adopted a comprehensive hydrogen strategy aimed at reducing emissions and promoting clean energy. According to the International Energy Agency, Norway aims to cut greenhouse gas emissions and achieve carbon neutrality by 2050, creating a strong drive for zero-emission transportation.
Moreover, in November 2023, Norge Hydrogen entered into an agreement with Norway council that will enable the use of green hydrogen for emissions-free sailing once Skulebas is ready to run on hydrogen in the summer of 2024. Moreover, partnerships between research institutions, industries, and government agencies are promoting innovations and technology development in the country.
For instance, in February 2023, the Australian hydrogen fuel cell vehicle manufacturer H2X Global Limited announced signing a memorandum of understanding (MoU) with Norway's Hydrogen AS, a green hydrogen production, distribution, and refueling company, to collaborate on the commercial supply of hydrogen and its hydrogen range of commercial vehicles powered by fuel cells.
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Horizon Databook provides a detailed overview of country-level data and insights on the Norway hydrogen fueling station market , including forecasts for subscribers. This country databook contains high-level insights into Norway hydrogen fueling station market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Norway hydrogen fueling station market size, by size, 2018-2030 (US$M)
Norway Hydrogen Fueling Station Market Outlook Share, 2023 & 2030 (US$M)
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