Saudi Arabia Hydrogen Fueling Station Market Size & Outlook
Saudi Arabia hydrogen fueling station market, 2018-2030 (US$M)
Related Markets
Saudi Arabia hydrogen fueling station market highlights
- The Saudi Arabia hydrogen fueling station market generated a revenue of USD 1.4 million in 2023 and is expected to reach USD 2.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 8.9% 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 1.4 million |
| Market revenue in 2030 | USD 2.5 million |
| Growth rate | 8.9% (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, Saudi Arabia 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 Middle East & Africa, UAE hydrogen fueling station market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 3.8 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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Saudi Arabia 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 57.14% in 2023. Horizon Databook has segmented the Saudi Arabia hydrogen fueling station market based on small station, medium station covering the revenue growth of each sub-segment from 2018 to 2030.
Integrating green hydrogen production into Saudi Arabia's energy landscape is expected to drive the market. It addresses environmental concerns by producing hydrogen without carbon emissions and aligns with the Kingdom's goal of becoming a major exporter of green hydrogen to global markets. Integrating green hydrogen production reflects Saudi Arabia's commitment to sustainable energy practices and strategic positioning in the emerging hydrogen market.
For instance, in March 2023, Marubeni Company and Saudi Arabia's Public Investment Fund (PIF) signed a memorandum of understanding (MoU) to collaborate on the development of a clean hydrogen project. The agreement plans for Marubeni and PIF to conduct a feasibility study aimed at producing clean hydrogen within Saudi Arabia, catering to both domestic and international markets.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia hydrogen fueling station market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia hydrogen fueling station market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia hydrogen fueling station market size, by size, 2018-2030 (US$M)
Saudi Arabia Hydrogen Fueling Station Market Outlook Share, 2023 & 2030 (US$M)
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