North America Hydrogen Refueling Station Market Size – By Station Size (Small size, Mid-size, Large size station), By Station Type (Fixed, Mobile), By Application (Passenger Cars, Commercial Vehicles), Market Share & Forecast, 2024 - 2032

North America Hydrogen Refueling Station Market Size

North America Hydrogen Refueling Station Market was valued at USD 219.9 million in 2023 and is anticipated to grow at a CAGR of 23.6% between 2024 to 2032. A hydrogen refueling station is a facility where hydrogen is supplied and dispensed to vehicles powered by hydrogen fuel cells. These stations are similar to conventional gas stations but provide hydrogen, typically in compressed gaseous form, to refuel hydrogen-powered vehicles.
 

Increased government support and the expansion of hydrogen-powered vehicle initiatives will augment the industry landscape. North American governments, particularly in the U.S. and Canada, are offering subsidies and tax incentives to encourage the development of hydrogen infrastructure. Partnerships between governments and companies like Toyota, Hyundai, and Shell are driving infrastructure development. Public-private collaborations are essential for expanding the number of stations, especially in regions with growing demand for hydrogen fuel cell vehicles (FCVs) will drive the business scenario.
 

Ongoing advancements focused on improving efficiency, safety, refueling speed, and integration with renewable energy sources will strengthen the market landscape. High pressure refueling technology, use of advanced compressors along with improved cooling systems is set to augment the business landscape. Additionally, newer stations are designed with modular components, allowing for scalability. More compact station designs, reducing the space and installation costs needed, making them easier to integrate into urban settings or alongside existing fuel stations. Emerging technologies are exploring automated refueling systems that would allow autonomous hydrogen-powered vehicles to refuel without human intervention, contributing to the momentum.
 

North America Hydrogen Refueling Station Market Trends

Hydrogen fuel cell technology is especially suited for heavy-duty trucks due to its ability to offer long ranges without requiring lengthy refueling times, leading to enhanced product penetration. Companies like Nikola, Hyundai, and Toyota are at the forefront of developing hydrogen-powered heavy-duty trucks in North America. Hydrogen refueling stations are increasingly being developed along major freight routes, such as California’s I-5 corridor and Canada’s Trans-Canada Highway, where heavy-duty trucks require refueling. Furthermore, cities like Los Angeles, Vancouver, and New York have been deploying hydrogen buses in pilot programs, with plans to expand their fleets as the hydrogen infrastructure develops, stimulating the business landscape.
 

North America Hydrogen Refueling Station Market Analysis

Based on station size, the small size station segment is set to cross more than USD 713 million by 2032, particularly in regions where hydrogen infrastructure is still in the early stages or where there is a growing demand for localized, scalable refueling solutions. These compact stations offer flexibility and cost efficiency, making them suitable for a range of applications, from early hydrogen vehicle adoption to serving smaller communities and corporate fleets. The lower capital expenditure required to build and operate small HRS stations makes them an attractive option for regions just beginning to invest in hydrogen infrastructure.
 

Companies with smaller corporate fleets or those transitioning from traditional fuels to hydrogen find small HRS stations useful as they allow businesses to fuel their fleet vehicles in a centralized location without needing to rely on larger public refuelling networks, contributing to the product demand.
 

Based on application, the passenger cars segment is anticipated to grow at a CAGR of more than 23% through 2032, especially in states with strong support for clean transportation alternatives. California is the leading market for hydrogen passenger cars, primarily due to the state’s Zero Emission Vehicle (ZEV) mandate and its robust hydrogen refueling infrastructure. Other states, including New York and those in the Northeast ZEV Task Force, are starting to follow California’s lead in incentivizing hydrogen vehicle adoption. Moreover, expansion into other metropolitan regions like New York City, Boston, and Seattle, will be critical to ensuring the scalability of hydrogen-powered cars for daily use, driving the business scenario.
 

The U.S. hydrogen refueling station market is likely to cross USD 2.2 billion by 2032, driven by riven by increasing demand for hydrogen infrastructure, particularly in sectors such as transportation, logistics, and heavy-duty vehicles. California, the largest hydrogen market in the U.S., has been a key focus for hydrogen infrastructure development. Ongoing state incentives such as the Low Carbon Fuel Standard (LCFS) and the Zero Emission Vehicle (ZEV) mandate, will stimulate the deployment of hydrogen refueling stations.
 

Mobile refueling units are especially attractive for fleet operators who are transitioning to hydrogen fuel but do not have access to a permanent refueling station nearby. This is likely to accelerate in the early stages of hydrogen adoption in less densely populated areas or along long-distance trucking routes, strengthening the market growth.
 

North America Hydrogen Refueling Station Market Share

In North America, the hydrogen refueling industry's competitive landscape is swiftly changing. Companies are eager to meet the surging demand for hydrogen fuel infrastructure, a demand spurred by the rising adoption of hydrogen-powered vehicles. This trend is especially pronounced in heavy-duty and corporate fleet sectors. The competition sees energy firms, tech providers, car manufacturers, and infrastructure developers either joining forces or vying against each other to establish a robust hydrogen network.
 

North America Hydrogen Refueling Station Market Companies

Eminent players operating in the North America hydrogen refueling station industry are:

• Air Liquide
• Cummins
• Chart Industries
• Galileo Technologies
• Hydrogen Refueling Solutions
• Ingersoll Rand
• Iwatani
• Linde
• Plug Power
• McPhy
• Nel
   

North America Hydrogen Refueling Station Industry News

• In April 2024, the U.S. sees the launch of its inaugural commercial hydrogen refueling station (HRS) for big-rig trucks at the Port of Oakland. This compact station, catering to around 30 hydrogen fuel-cell trucks, lays the groundwork for a nationwide refueling network for fuel-cell trucks.
   
• In July 2024, Nikola Corporation and ITD Industries inaugurated Ontario's first commercial hydrogen refueling station, targeting the heavy-duty transportation sector. The station employs a 700-bar pressure-fill system, enabling the dispensing of hydrogen fuel into onboard storage for long-range vehicles, including the Nikola hydrogen fuel cell electric Class 8 truck. Through this initiative, Nikola and ITD Industries are leading Ontario and Canada's commercial transportation sector towards a carbon-free future.
   

This North America hydrogen refueling station market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume and revenue in “USD Million & Units” from 2021 to 2032, for the following segments:

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Market, By Station Size

• Small size
• Mid-size
• Large size

Market, By Station Type

• Fixed
• Mobile

Market, By Application

• Passenger Cars
• Commercial Vehicles
• Others

The above information has been provided for the following countries:

• U.S.
• Canada