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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.
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.
Why are small size hydrogen refueling stations gaining traction in APAC?
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.
How big is the Asia Pacific hydrogen refueling station market?
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.
Which are the leading hydrogen refueling station companies in Asia Pacific?
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.
What factors are driving the hydrogen refueling station market growth in China?
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.