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Asia Pacific Hydrogen Refueling Station Market Size

Report ID: GMI6759
Published Date: Sep 2023
Report Format: PDF

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Asia Pacific Hydrogen RefuelingStation Market Size

Asia Pacific Hydrogen Refueling Station Market size was valued at USD 2.9 billion in 2022 and is expected to grow at 18.4% CAGR from 2023 to 2032.

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A hydrogen refueling station is a specialized charging facility designed for the dispensing of hydrogen fuel to vehicles equipped with hydrogen fuel cell systems. These stations are essential for the development and expansion of the hydrogen fuel cell vehicle (FCV) market. Stringent government norms to curb the carbon emissions will significantly contribute towards the deployment of hydrogen stations.

Asia Pacific Hydrogen Refueling Station Market Report Attributes
Report Attribute	Details
Base Year:	2023
Asia Pacific Hydrogen Refueling Station Market Size in 2023:	USD 3.68 Billion
Forecast Period:	2023 to 2024
Forecast Period 2023 to 2024 CAGR:	17.7%
2024 Value Projection:	USD 16.8 Billion
Historical Data for:	2019 to 2023
No. of Pages:	250
Tables, Charts & Figures:	203
Segments covered:	Station Size, Station Type, Application
Growth Drivers:	Growing investments for development of hydrogen fuelling infrastructure Surging demand for Fuel Cell Electric Vehicles Paradigm shift toward the low carbon technologies
Pitfalls & Challenges:	High project setup cost

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Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market valuation of hydrogen refueling station in Asia Pacific was exceeded USD 3.68 billion in 2023 and may reach over USD 16.8 billion by 2032, due to the influx of stringent government norms to curb the carbon emissions in the region.

Asia Pacific small size hydrogen refueling station market reached USD 1.9 billion in 2022, on the account of the rising demand for clean energy solution and increasing consumer awareness.

China hydrogen refueling station industry size will record more than 19.8% CAGR from 2023 to 2032, owing to the ongoing government efforts for the development of the hydrogen sector, including the HRS infrastructure.

Air Liquide, Air Products & Chemicals, Inc., Shell, China Petrochemical Corporation, Jakson Group, Plug Power Inc., Nel ASA, Linde plc, Iwatani Corporation, ENGIE, HyundaiHydrogenMobility AG, and Cummins Inc.