South Korea Hydrogen Fueling Station Market Size & Outlook
South Korea hydrogen fueling station market, 2018-2030 (US$M)
Related Markets
South Korea hydrogen fueling station market highlights
- The South Korea hydrogen fueling station market generated a revenue of USD 184.8 million in 2023 and is expected to reach USD 424.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 12.6% 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 184.8 million |
| Market revenue in 2030 | USD 424.0 million |
| Growth rate | 12.6% (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, South Korea accounted for 26.6% 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 Asia Pacific, Japan hydrogen fueling station market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 13.5 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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South Korea 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 58.5% in 2023. Horizon Databook has segmented the South Korea hydrogen fueling station market based on small station, medium station, large station covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea's goal to achieve carbon neutrality by 2050 is expected to drive the hydrogen fueling station market. As part of its broader green energy initiatives, the South Korean government has identified hydrogen as a key player in transitioning to a sustainable low-carbon economy.
Establishing hydrogen fueling stations is integral to supporting the widespread adoption of fuel cell electric vehicles (FCEVs) and meeting the nation's targets for reducing greenhouse gas emissions. South Korea's emphasis on carbon neutrality creates a conducive environment for investments and advancements in hydrogen-fueling infrastructure.
South Korea's focus on developing hydrogen-based energy storage systems drives the hydrogen fueling station market. Hydrogen's potential as a storage medium for surplus renewable energy addresses the intermittency of sources such as solar and wind. The deployment of hydrogen fueling stations supports the utilization of stored hydrogen for transportation, creating a symbiotic relationship between the energy storage and transportation sectors.
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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 country-level data and insights on the South Korea hydrogen fueling station market , including forecasts for subscribers. This country databook contains high-level insights into South Korea hydrogen fueling station market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea hydrogen fueling station market size, by size, 2018-2030 (US$M)
South Korea Hydrogen Fueling Station Market Outlook Share, 2023 & 2030 (US$M)
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