Hydrogen Refueling Stations Market Size, Share, and Growth Forecast for 2025 - 2032

Hydrogen Refueling Stations Market Size and Trends

The global hydrogen refueling stations (HRS) market size is anticipated to rise from US$ 1 Bn in 2025 to US$ 5 Bn by 2032. It is projected to witness a CAGR of 24.8% from 2025 to 2032.

Persistence Market Research (PMR) anticipates that the growing acceptance to Hydrogen as an alternative and clean fuel is bolstering the demand for hydrogen fuel from various transport applications, thereby driving the growth of hydrogen infrastructure including refueling stations.

• SAE International, for example, in collaboration with EUROCAE developed guideline document “Hydrogen Fueling Stations for Airports, in Both Gaseous and Liquid Form” which serves as pioneering step in defining performance targets and safety limits to enable hydrogen as an accessible fuel for various commercial aircrafts.

Key Highlights of the Hydrogen Refueling Stations Market

• With growing safety standard and innovations in dispensing technologies, the market for Liquid Hydrogen Refueling Stations (LHRS) is expected grow at faster pace during the forecast period.
• Growing preference for Off-site HRS to tackle space constraints and renewable liquid hydrogen sourcing through pipeline modes.
• Rising investments in Fuel Cell Electric Vehicles (FCEVs) to drive the demand for HRS from automotive segment
• Asia Pacific leads the HRS market due to high production of Hydrogen followed by growing fuel cell operated transport vehicles.

Global Market Attributes	Key Insights
Hydrogen Refueling Stations Market Size (2025E)	US$ 1 Bn
Market Value Forecast (2032F)	US$ 5 Bn
Projected Growth (CAGR 2025 to 2032)	24.8%
Historical Market Growth (CAGR 2019 to 2024)	26.4%

Historical Growth and Course Ahead

Government Support for Hydrogen Infrastructure in Post Covid Era Propels Market

The global hydrogen refueling infrastructure growth witnessed a CAGR of 26.4% in the historical period between 2019 and 2024. Particularly in the Post-Covid period, the policy support for developing hydrogen infrastructures peaked in North America and European region. For instance, Biden-Harris administration announced more than US$ 600 Mn in grant to build hydrogen refueling infrastructure and EV charging network across the United States.

Similarly, in 2023 alone, Europe built over 37 new H2 refueling stations. Such developments are possible only due to strong support from the governments as well as a collective step towards reducing emissions from transport sector.

Global Race towards Green Hydrogen and High efficient Fuels to Shape the HRS market

Over the forecast period, the HRS market is expected to grow with a similar growth rate of 24.8% between 2025 and 2032. The market will benefit from the expansion of production capacities for green hydrogen from renewable energies.

The high energy storage of hydrogen fuel and ease of transportation in liquid state are the key advantage for adopting H2 fuel in diverse transport applications. With the development of H2 powered rails, airplanes, heavy duty as well as passenger vehicles and ships, the demand for hydrogen refueling infrastructure is anticipated to flourish over the forecast years.

Market Dynamics

Growth Driver

Growing Penetration of Hydrogen Powered Vehicles for Heavy Duty Operations Drive Market Demand

With the rising concerns and stringent regulations regarding the emission from automotive industry, the global market is witnessing a paradigm shift towards zero-emission mobility solutions such as (Electric Vehicles) EVs and Fuel Cell Electric Vehicles (FCEVs).

While EVs are leading the market intrusion in two-wheeler, three-wheeler and passenger cars segment, the hydrogen powered FCEVs are dominating the penetration in heavy duty and public transport automotive segments.

• A study by Clean Air Task Force (CATF) reveals that, in a single refueling FCEV truck can travel 2.5X more distance than BEV trucks simultaneously saving about 14 hours of charging time per refueling.

The global on-road fleet of FCEVs grew from 25,212 units in 2019 to 34,804 units in 2020 resembling 38% Y-o-Y growth. With the forecast projected to 200,000 units of FCEVs on road by the end of this decade, the installations of HRS, both stationary and mobile operated stations, will foster in the coming years.

Market Restraining Factor

Deploying a Sustainable Hydrogen Refueling Infrastructure Faces Methodological and Practical Challenges

The deployment of sustainable hydrogen refueling station is a cost intensive process and also poses some standardization challenges. The design and cost of the HRS as well the environmental impact depends on how the hydrogen is produced and delivered to the stations.

If hydrogen is created using renewable energy from water and transferred to refueling stations in liquid form via pipes, HRS operations would have minimal environmental impact, resulting in sustainable deployment. However, worldwide only 1% of H2 is generated from renewable energy.

The rest is based on more energy intensive processes that uses fossil fuels to generate hydrogen. Another challenge for development of hydrogen infrastructure is lack of coordination between different countries and manufacturers to assign appropriate codes for co-evolution of refueling networks and FCEVs.

Key Market Opportunities

Aviation Industry to Present New Opportunities for HRS deployments at Leading Airports

Hydrogen as a fuel is not only powering the automotive sector but also it prevails as a key zero-emission fuel for aviation, marine and railway industry. Particularly, in aviation industry, the development and adoption of H2 powered aircrafts is gaining traction due to its high energy storage and zero emissions.

Burning hydrogen as a fuel in jet engines would result in water vapor as a byproduct resulting in no harm to the environment. Key aircraft manufacturers are investing in research and development to develop propulsion engines that can use hydrogen as an alternative fuel to power long flights and reduce environmental impact.

• For instance, Airbus launched ZEROe program, where it has invested to develop hydrogen-powered aircraft. The company emphasized on utilizing liquid hydrogen which requires 80% less space as compared to gaseous hydrogen to generate same amount of energy.

Hydrogen Refueling Stations Market Insights

Mode of Operation Insights

The Off-site H2 Generations Remains the Preferred Choice for Operating Hydrogen Refueling Stations with 60% Market Share

Based on mode of operation, the HRS can be classified as on-site and off-site operations. The key difference between both the operations lies in the production of hydrogen. In on-site mode the hydrogen is produced and utilized locally at the refueling station, while in off-site operations, the hydrogen is received either by pipelines or through tankers.

As per the PMR analysis, the off-site mode is more preferred in new H2 refueling stations. The key reason for this dominance is the less requirement of space and less investment as compared to liquid hydrogen refueling stations. The segment is anticipated to grow with a remarkable CAGR of 29.5% during the forecast period.

Station Type Insights

Development of On-Demand Mobile Hydrogen Refueling Stations to Witness Higher CAGR

The development of mobile stations capable of storing sufficient amount of hydrogen and making it available at remote locations can be a game changer in HRS market.

The current need for hydrogen power stations is skewed around the areas with high penetration of FCEVs. However, with the mobile HRS systems, the supply of H2 fuel can be achieved in diverse locations eventually supporting the growth of fuel cell electric vehicles.

Most of the current fleet of FCEVs consist of heavy duty vehicles, which are operated on remote sites such as mines, and construction sites. PMR anticipates that the market for Mobile HRS will grow with 30.1% CAGR between 2025 to 2032.

Regional Insights and Trends

Asia Pacific Leads the Expansion of Hydrogen Refueling Stations Market with 50% Share

PMR analysis suggests that the Asia Pacific region will lead the deployment of Hydrogen Refueling Stations due to higher penetration of FCEVs. China, Japan and South Korea accounts about 50% of the global FCEV fleet. The countries are leading hubs for manufacturing and technological innovations in automotive industry.

Key firms from the region such as Toyota and Hyundai have excelled in the design and manufacturing of hydrogen powered fuel cell engines. The FCEV variants launched by these firms have gained traction in the region, followed by the higher deployments of hydrogen refueling stations in Asia Pacific Region.

• Sinopec, China’s state-backed oil and gas firm, in 2023 announced its plans to build 1000 hydrogen refueling stations in China over the span of next five years.

Europe Ranks Second in the Deployment of HRS

European countries as a whole have lead the path for sustainable developments in 21st century. Countries like Germany, France, and Netherlands have pioneered the hydrogen infrastructure in Europe. By the end of 2022, Germany had 105 operational HRS followed by 51 in France and 22 in Netherlands. In 2023, Europe commissioned 37 new HRS to their tally.

PMR estimates that the new HRS installations in Europe will grow with 26.4% CAGR during 2025 and 2032. Key firms such as H2 Mobility, TotalEnergies, Air Liquide, and Colruyt Group are leading expansion of Europe hydrogen refueling stations market.

North America Likely to Witness Significant Growth in Hydrogen Infrastructure Over the Forecast Period

The North America hydrogen refueling stations market is highly concentrated in selected regions, with stringent emission policies and higher support for transition to alternate fuels.

• For instance, out of 74 operational HRS in the United States 54 are located in California state.

The Canadian hydrogen refueling stations market is expected to witness higher CAGR than the U.S. due to government initiatives.

• Further, the Zero Emission Vehicle Infrastructure Program (ZEVIP) targets to deploy at least 30 HRS by 2029 with a funding of CAD 680 million to owners/operators of ZEV infrastructure.

HRS Market Competitive Landscape

The global HRS market is evolving rapidly, with new players entering through strategic collaboration with hydrogen suppliers. Due to the lack of consolidation and expansion in the sector, the market appears fragmented and slightly unorganized.

With the growing hydrogen infrastructure, the market will move towards consolidation through the merger and acquisitions of regional players by global leaders. This transition could lead to a more structured and competitive market landscape.

Some of the leading FCEV manufacturers collaborate with the HRS companies to accelerate their deployment and boost sales. These collaborations are expected to be crucial in expanding hydrogen mobility infrastructure.

The market is expected to get a boost from government policy support, followed by financial incentives to establish hydrogen infrastructure for energy transition. Companies that closely monitor these opportunities and re-align themselves could gain a significant competitive edge in this evolving market.

Key Industry Developments

• In January 2025, Toyota Motors Europe has entered a groundbreaking partnership with HRS and ENGIE to accelerate advancements in hydrogen refueling infrastructure, to tackle one of the hydrogen sector's most pressing challenges, enhancing the speed and cost efficiency of refueling solutions for both heavy-duty and light-duty vehicles.
• In May 2024, Air Products announced their plans to deploy a network of permanent, commercial-scale, multi-modal hydrogen refueling stations across California acknowledging it as a critical step to the success of robust hydrogen economy infrastructure.

Hydrogen Refueling Stations Market Report Scope

Report Attributes	Details
Historical Data/Actuals	2019 - 2024
Forecast Period	2025 - 2032
Market Analysis Units	Value: US$ Bn/Mn, Volume: As applicable
Geographical Coverage	North America Europe East Asia South Asia and Oceania Middle East and Africa Latin America
Segmental Coverage	Fuel Type Mode of Operation Station Type End User Region
Competitive Analysis	Air Liquide Air Products and Chemicals Linde Group Nel Hydrogen H2 Mobility TotalEnergies Colruyt Group McPhy Energy SA Greenpoint SK Plug Hyverse ENEOS Japan H2 Mobility Sinopec Hynet
Report Highlights	Market Forecast and Trends Competitive Intelligence & Share Analysis Growth Factors and Challenges Strategic Growth Initiatives Pricing Analysis & Technology Roadmap Future Opportunities and Revenue Pockets Industry Market Analysis Tools
Customization and Pricing	Available upon request

Hydrogen Refueling Stations Market Segmentation

By Fuel type

• Gas Hydrogen Refueling Stations (GHRS)
• Liquid Hydrogen Refueling Stations (LHRS)

By Mode of Operations

• On-site H2 production
• Off-site H2 Productions

By Station Type

• Stationary
• Mobile

By End User

• Automotive
• Marine
• Railway
• Aviation

By Region

• North America
• Europe
• East Asia
• South Asia and Oceania
• Middle East and Africa
• Latin America

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