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Europe Hydrogen Refueling Station Market Size

Report ID: GMI8890
Published Date: Apr 2024
Report Format: PDF

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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.

Europe Hydrogen Refueling Station Market

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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 Report Attributes
Report Attribute	Details
Base Year:	2023
Europe Hydrogen Refueling Station Market Size in 2023:	USD 1.56 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	13.4%
2032 Value Projection:	USD 4.95 Billion
Historical Data for:	2019 to 2023
No. of Pages:	180
Tables, Charts & Figures:	250
Segments covered:	Station Size, Station Type, Application and Region
Growth Drivers:	Increasing investments towards the establishment of hydrogen infrastructure Rising demand for fuel cell electric vehicles Transition toward low carbon technologies
Pitfalls & Challenges:	High initial investment

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Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of Europe hydrogen refueling station was recorded USD 1.56 billion in 2023 and is expected to register 13.4% CAGR from 2024 to 2032, owing to the increasing adoption of fuel cell electric vehicles (FCEVs), and rising investments in hydrogen infrastructure.

The mid-size station segment in the Europe hydrogen refueling station market will cross USD 1.1 billion by 2032 and is projected to depict substantial growth between 2024 and 2032, due to their ability to offer convenient refueling options for consumers.

Germany hydrogen refueling station industry size is projected to be worth USD 1.7 billion by 2032 and is expected to expand at significant CAGR from 2024 to 2032, on account of the rising education and outreach efforts by manufacturers, government agencies, and advocacy groups to raise awareness about hydrogen as a clean and sustainable fuel alternative.

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 are some of the major Europe hydrogen refueling station companies operating in Europe.