Market revenue in 2023 | USD 1.4 million |
Market revenue in 2030 | USD 3.8 million |
Growth rate | 16.1% (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 |
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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 UAE hydrogen fueling station market based on small station, medium station covering the revenue growth of each sub-segment from 2018 to 2030.
The development of hydrogen fueling stations in the UAE is driven by the country's adoption of cutting edge technologies. The UAE is positioning itself as a hub for innovation and technology adoption, and hydrogen fuel cell vehicles represent a frontier in automotive technology. The deployment of hydrogen fueling infrastructure aligns with the country's efforts to adopt technological advancements, fostering a culture of innovation and investment in sustainable technologies.
Moreover, global efforts to address air quality and urban pollution are expected to drive the demand for hydrogen fueling stations in the UAE. As major cities in the country such as Dubai and Abu Dhabi experience rapid urbanization and increased vehicular traffic, there is a growing concern about air quality and its impact on public health. Hydrogen fuel cell vehicles produce zero tailpipe emissions, mitigating air pollution in urban areas.
The deployment of hydrogen fueling stations aligns with the UAE's commitment to creating a cleaner and healthier urban environment. According to the World Health Organization (WHO), the UAE faces alarming levels of air pollution, posing significant health risks to its residents. The annual exposure to PM2.5 in the country exceeds the WHOdeemed safe threshold by over eight times. Addressing air quality has become a focal point in the UAE National Vision 2031 agenda to elevate air quality to 90% by 2031.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE hydrogen fueling station market , including forecasts for subscribers. This country databook contains high-level insights into UAE hydrogen fueling station market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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