Europe Hydrogen Refueling Station Market Size - By Station Size (Small Station, Mid-Size Station, Large Station), By Station Type (Fixed, Mobile), By Application (Passenger Cars, Commercial Vehicles), Country Outlook & Forecast, 2024 – 2032

Europe Hydrogen Refueling Station Market Size

Europe Hydrogen Refueling Station Market was valued at USD 1.56 billion in 2023 and is anticipated to grow at a CAGR of 13.4% from 2024 to 2032. A hydrogen refueling station is a facility designed to dispense the fuel to vehicles, such as Fuel Cell Electric Vehicles (FCEVs) and hydrogen-powered buses or trucks. These stations typically compress and store hydrogen gas on-site, which is then dispensed to vehicles through a pump similar to traditional gasoline or diesel fueling stations.
 

Continuous efforts to expand the hydrogen refueling locations along with increasing adoption of Fuel Cell Electric Vehicles (FCEVs) across the transportation sector will drive the business scenario. Furthermore, ongoing advancements in hydrogen production, storage, and dispensing technologies will improve the efficiency, reliability, and cost-effectiveness, thereby swaying the business statistics.

Europe Hydrogen Refueling Station Market Trends

Gradual shift towards renewable hydrogen production in line with rising investments by governments, energy companies, and transportation stakeholders in renewable hydrogen projects will foster the industry statistics. Additionally, emergence of hydrogen as a versatile energy carrier and its potential role in decarbonizing various sectors, including transportation and energy storage will complement the business scenario.
 

Europe Hydrogen Refueling Station Market Analysis

Based on station size, the mid-size stations segment is projected to surpass USD 1.1 billion by 2032 on the account of their ability to offer convenient refueling options for consumers. Ongoing development of hydrogen economy characterized by the production, distribution, and use of hydrogen as a power source will contribute to the business momentum. Further, upsurge in innovative solutions including modular designs, onsite hydrogen generation, and smart grid integration reducing capital and operating costs for such stations will stimulate the product adoption.
 

Based on station type, the fixed hydrogen refueling station market is set to grow at CAGR of more than 13% through 2032. Key features including advanced compression methods, on-site hydrogen generation, and smart grid integration coupled with its suitability for urban environments, providing convenient refueling options for FCV owners will drive the product demand. Additionally, supporting efforts to reduce air pollution and congestion in densely populated areas will boost the industry landscape.
 

Based on application, the passenger car segment witnessed a market share of over 56% in 2023. Growing consumer awareness about hydrogen as a fuel coupled with consistent efforts by automakers to introduce more fuel cell vehicle models will influence the industry trends. Hydrogen fuel cell vehicles offer zero-emission mobility, and HRS for passenger cars provide the infrastructure necessary to support their adoption, contributing to efforts to combat climate change and improve air quality.
 

Germany hydrogen refueling station market valuation exceed USD 1.7 billion by 2032. Supportive measures including grants, subsidies, tax incentives, and regulatory mandates aligned with integration of renewable energy with hydrogen production and fueling infrastructure will augment the industry potential. For instance, in March 2023, EU institutions introduced Alternative Fuels Infrastructure Regulation in which Article 6 will mandate the construction of one gaseous hydrogen refueling station (HRS) for every 200 km on the TEN-T core network by the end of 2030. Moreover, education and outreach efforts by manufacturers, government agencies, and advocacy groups to raise awareness about hydrogen as a clean and sustainable fuel alternative will accelerate the business outlook.
 

Europe Hydrogen Refueling Station Market Share

Air Liquide, Plug Power Inc., Cummins Inc., ENGIE, Nel ASA, and ITM Power PLC are som leading industry participants. Collaboration between stakeholders such as government agencies, automotive manufacturers, energy companies, and infrastructure developers is essential for the expansion of mid-size hydrogen refueling stations. Public-private partnerships, joint ventures, and consortia are formed to finance, build, and operate hydrogen refueling infrastructure, leveraging expertise, resources, and networks to accelerate deployment.
 

Europe Hydrogen Refueling Station Market Companies

Major key players operating across the hydrogen refueling station industry are:

• Air Liquide
• Air Products and Chemicals, Inc.
• Cummins Inc.
• ENGIE
• Iwatani Corporation
• ITM Power PLC
• Linde plc
• Messer
• Nel ASA
• NUVERA FUEL CELLS, LLC
• Plug Power Inc.
• RESONAC HOLDINGS CORPORATION
   

Europe Hydrogen Refueling Station Industry News

• In February 2024, Plug Power Inc. delivered liquid hydrogen portable hydrogen refueling stations to trucking fleets and transit agencies. This HL-450D-P station features easy and quick deployment, reduce infrastructure costs, and supports in decarbonizing operations. The station also comprises of 1,500 kg of cryogenic liquid storage tank, vaporization, and pumping system. Henceforth, the company will mark a significant presence across the industry.
   
• In June 2023, HysetCo opened largest hydrogen refueling station of Europe for light vehicles in Paris. The new station can produce and deliver over 1 ton of hydrogen per day. This site is equipped with electrolyzer which enables to distribute hydrogen locally. Therefore, the company has contributed in accelerating the transition to zero emission hydrogen mobility while marking its strong position across the region.
   

This Europe hydrogen refueling station market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in ‘USD Billion’ from 2019 to 2032, for the following segments:

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Market, By Station Size

• Small Size
• Mid-Size Station
• Large Station

Market, By Station Type

• Fixed
• Mobile

Market, By Application

• Passenger Cars
• Commercial Vehicles
• Others

The above information has been provided for the following countries:

• UK
• France
• Germany
• Netherlands
• Denmark