水素ステーション市場規模、シェア、動向、2035年までの世界予測

Hydrogen Fueling Station Market - Global Forecast & Trends to 2035

Hydrogen Fueling Station Market by Supply Type (On-site, Off-site (Gas, Liquid)), Station Type (Fixed, Mobile), Station Size (Small, Mid-sized, Large), Pressure (High, Low), Solution (EPC, Components), Region - Global Forecast & Trends to 2035

商品番号 : SMB-31506

出版社MarketsandMarkets
出版年月2025年10月
ページ数323
図表数412
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

水素ステーション市場 – 供給タイプ(オンサイト、オフサイト(ガス、液体))、ステーションタイプ(固定式、移動式)、ステーション規模(小規模、中規模、大規模)、圧力(高、低)、ソリューション(EPC、コンポーネント)、地域別と動向 – 2035年までの世界予測

水素ステーション市場は、2025年の10億1,000万米ドルから2035年には27億6,000万米ドルに拡大し、予測期間中に年平均成長率(CAGR)10.6%で成長すると予測されています。

この市場は、環境への懸念と厳格な排出規制を背景に、ゼロエミッション車の導入が拡大していることが牽引しています。水素燃料電池車を含むゼロエミッション車は、排気管から汚染物質を排出しないため、都市の大気汚染を軽減し、気候変動対策目標の達成に向けた現実的な選択肢となります。ゼロエミッション車市場の拡大は、水素ステーションなどの支援インフラの需要を直接的に増加させます。市場拡大は、クリーンエネルギー源としての水素を優遇する規制政策によって推進されています。

本レポートは、水素市場を、供給タイプ(オンサイト、オフサイト(ガス、液体))、ステーションタイプ(固定式、移動式)、ステーション規模(小規模、中規模、大規模)、圧力(高、低)、ソリューション(EPC、コンポーネント)、地域(北米、欧州、アジア太平洋、中東およびアフリカ、南米)別に定義、説明、予測しています。レポートは、水素ステーション市場の成長に影響を与える推進要因、制約、課題、機会などの主要要因に関する詳細な情報を網羅しています。主要業界プレーヤーの徹底的な分析により、各社の事業概要、ソリューション、サービス、契約、パートナーシップ、合意、拡張、合弁事業、コラボレーション、買収などの主要戦略、そして水素ステーション市場に関連する最近の動向に関する洞察が得られています。本レポートは、水素ステーション市場エコシステムにおける新興企業の競合分析を網羅しています。

このレポートには、主要な推進要因(水素燃料ステーションの展開に対する官民投資の増加、複数の輸送モードでの FCEV の採用の増加)、制約(多額の初期投資の必要性、未発達の水素インフラ)、機会(水素燃料ステーションの展開を加速するための政府の取り組み、水素ベースの経済の構築への重点の増加)、課題(FCV 用水素ネットワークの立ち上げに伴うリスク)の分析が含まれています。

The hydrogen fueling stations market is expected to grow from USD 1.01 billion in 2025 to USD 2.76 billion by 2035, at a CAGR of 10.6% during the forecast period. The market is driven by the increasing adoption of zero-emission vehicles due to environmental concerns and stringent regulations on emissions. Zero-emission vehicles, including hydrogen fuel cell vehicles, do not emit any pollutants from their tailpipes, thereby making them a feasible option in the effort to decrease urban air pollution and meet climate goals. A growing zero-emission vehicles market directly increases the demand for supporting infrastructures like hydrogen refueling stations. Market expansion is driven by regulatory policies that favor hydrogen as a clean energy source.

水素ステーション市場規模、シェア、動向、2035年までの世界予測
Hydrogen Fueling Station Market – Global Forecast & Trends to 2035

“Mid-sized station segment to register highest growth from 2025 to 2030”

In medium-sized stations, operational efficiency can be higher due to optimized usage of resources and reduced downtime. They somehow balance the underutilization of small stations and the possible overburdening of large ones, thus assuring more stable performance. The technology required for medium-sized stations is more mature and widely available than that for large stations. This technological maturity reduces the development risks and encourages investment in mid-sized infrastructure. Further, mid-sized stations have a better way of infiltrating markets by targeting areas of moderate to high demand. Their size offers the versatility needed for deployment in many locations, increasing accessibility to customers. Additionally, the projected expansion of the hydrogen fuel cell vehicle industry is well served by the overall economic feasibility of mid-sized stations in terms of building, maintenance, and operation.

“EPC, by solution, to be the fastest-growing segment during forecast period”

EPC companies provide end-to-end turnkey solutions for the management of projects right from design to completion. Basically, this is an end-to-end solution that most of the investors and developers find very attractive as it relieves them of the complexity of the project. In addition, EPC companies come with sound expertise and vast experience in large-scale infrastructure projects, assuring high-quality execution of works with conformity to industry standards. Besides, the duration of a project can be reduced by EPC companies through overlapping project phases and by the management of resources. The faster project completion times offer competitive advantages. Moreover, the complex regulatory environment is better negotiated when EPC firms are fully aware of the industry’s regulations and compliance requirements.

水素ステーション市場規模、シェア、動向、2035年までの世界予測 - 地域
Hydrogen Fueling Station Market – Global Forecast & Trends to 2035 – region

“Europe to be fastest-growing hydrogen fueling stations market”

Europe is poised to be the fastest-growing hydrogen fueling station (HRS) market, driven by strong policy support, large-scale investments, and ambitious zero-emission mobility targets. The region benefits from a well-established hydrogen strategy, with the European Union and several member states committing to extensive HRS network expansion to enable fuel cell vehicle adoption. Countries such as Germany, France, the Netherlands, and the UK are leading with significant public-private initiatives, while automotive manufacturers and energy companies collaborate to deploy high-capacity stations along major transport corridors. Growing focus on decarbonizing heavy-duty transport and integrating renewable hydrogen production further accelerates HRS development across the region. Additionally, Europe is increasingly adapting its infrastructure to serve heavy-duty applications. In 2023, 92% of newly built stations were capable of refueling both passenger cars and heavy vehicles like buses and trucks, and nearly 40% of all stations now support such use, up from just 27% in 2019.

In-depth interviews were conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among others, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1 – 57%, Tier 2 – 29%, and Tier 3 – 14%
  • By Designation: C-Level Executives – 35%, Directors – 20%, and Others – 45%
  • By Region: North America – 20%, Europe – 15%, Asia Pacific – 30%, Middle East & Africa – 25%, and South America – 10%

Note: The tiers of the companies are defined based on their total revenues as of 2024. Tier 1: > USD 1 billion, Tier 2: USD 500 million to USD 1 billion, and Tier 3: < USD 500 million. Others include sales managers, engineers, and regional managers.

Air Liquide (France), Linde PLC (Ireland), Air Products and Chemicals, Inc. (US), Nel (Norway), MAXIMATOR Hydrogen GmbH (Germany), HYDROGEN REFUELING SOLUTIONS SA (France), Iwatani Corporation (Japan), Ingersoll Rand (US), Chart Industries (US), PERIC Hydrogen Technologies Co., Ltd. (China), H2 MOBILITY (Germany), PDC Machines (US), sera GmbH (Germany), Hydrogenious LOHC technology (Germany), Powertech Labs Inc. (Canada), Resato Hydrogen Technology (Netherlands), Galileo Technologies S.A. (Argentina), Nikola Corporation (US), Humble Hydrogen (UK), atawey (France), OneH2 (US), China Petrochemical Corporation (China), VIRYA ENERGY (Belgium), NUVERA FUEL CELLS, LLC (US), and ANGI Energy Systems, Inc. (US) are some of the key players in the hydrogen fueling station market. The study includes an in-depth competitive analysis of these key players in the hydrogen fueling station market, with their company profiles, recent developments, and key market strategies.

水素ステーション市場規模、シェア、動向、2035年までの世界予測 - 対象企業
Hydrogen Fueling Station Market – Global Forecast & Trends to 2035 – ecosystem

Study Coverage:

The report defines, describes, and forecasts the hydrogen market by supply type (on-site, off-site [gas, liquid]), station type (fixed, mobile), station size (small, mid-sized, large), pressure (high, low), solution (EPC, components), and region (North America, Europe, Asia Pacific, Middle East & Africa, and South America). The report’s scope covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the hydrogen fueling station market. A thorough analysis of the key industry players has provided insights into their business overview, solutions, and services; key strategies such as contracts, partnerships, agreements, expansion, Joint ventures, collaborations, and acquisitions; and recent developments associated with the hydrogen fueling station market. This report covers the competitive analysis of upcoming startups in the hydrogen fueling station market ecosystem.

Key Benefits of Buying the Report

  • The report includes the analysis of key drivers (Increasing private-public investments in deploying hydrogen fueling stations, Growing adoption of FCEVs across multiple transportation modes), restraints (Requirement for substantial initial investment, Underdeveloped hydrogen infrastructure), opportunities (Government initiatives to accelerate deployment of hydrogen fueling stations, Increasing focus on building hydrogen-based economy) and challenges (Risks associated with launching hydrogen networks for FCVs.
  • Product Development/Innovation: Hydrogen fueling station market participants are driving advancements across the value chain—covering supply methods, station size, station configuration, and dispensing pressure—to boost efficiency, lower costs, and enable broader deployment. In station design, innovations such as modular and scalable layouts, advanced cooling systems, and high-throughput dispensers are improving fueling speed, reliability, and user experience. In storage and compression, companies are integrating new materials for high-pressure tanks, cryogenic systems, and solid-state storage to enhance safety, energy density, and operational flexibility. Digital tools, including AI-based station management, predictive maintenance, real-time monitoring, and smart grid integration, are increasingly adopted to optimize performance, reduce downtime, and support a growing hydrogen mobility ecosystem.
  • Market Development: In March 2023, Chart Industries and GenH2 partnered to deliver distributed, small-scale hydrogen liquefaction technologies globally. Chart will supply key system components—such as storage vessels, heat exchangers, and other modular equipment—for GenH2’s flagship 1,000 kg/day hydrogen liquefier, including the mobile LS20 trailer-based system. This report provides a detailed analysis of hydrogen fueling station solution provider strategies critical for project success, providing stakeholders with actionable insights into trends and opportunities for growth in the hydrogen fueling station market.
  • Market Diversification: The report offers a comprehensive analysis of the strategies employed by hydrogen fueling station solution providers to facilitate market diversification. It outlines innovative products and operating models, as well as new partnership frameworks across various regions, underpinned by technology-driven business lines. The findings emphasize opportunities for expansion beyond traditional operations, identifying geographical areas and customer segments that are currently served but remain underserved and are suitable for strategic entry.
  • Competitive Assessment: The report provides in-depth assessment of market shares, growth strategies, and service offerings of leading players such as Linde PLC (Ireland), Air Liquide (France), Air Products and Chemicals, Inc. (US), H2 MOBILITY (Germany), PDC Machines (US), sera GmbH (Germany), Hydrogenious LOHC technology (Germany), Powertech Labs Inc. (Canada), Resato Hydrogen Technology (Netherlands), Galileo Technologies S.A. (Argentina), Nikola Corporation (US), Humble Hydrogen (UK), atawey (France), and OneH2 (US), among others, in the hydrogen fueling station market.

Table of Contents

1               INTRODUCTION              29

1.1           STUDY OBJECTIVES       29

1.2           MARKET DEFINITION   30

1.3           STUDY SCOPE   30

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      30

1.3.2        INCLUSIONS AND EXCLUSIONS 31

1.3.3        YEARS CONSIDERED      32

1.4           CURRENCY CONSIDERED            32

1.5           UNIT CONSIDERED        33

1.6           LIMITATIONS    33

1.7           STAKEHOLDERS               33

1.8           SUMMARY OF CHANGES               34

2               RESEARCH METHODOLOGY       35

2.1           RESEARCH APPROACH  35

2.2           SECONDARY AND PRIMARY RESEARCH 36

2.2.1        SECONDARY DATA          36

2.2.1.1    List of key secondary sources              36

2.2.1.2    Key data from secondary sources       37

2.2.2        PRIMARY DATA 37

2.2.2.1    List of primary interview participants               37

2.2.2.2    Key primary insights            38

2.2.2.3    Breakdown of primaries      38

2.2.2.4    Key data from primary sources           39

2.3           MARKET BREAKDOWN AND DATA TRIANGULATION                 40

2.4           MARKET SIZE ESTIMATION         40

2.4.1        BOTTOM-UP APPROACH              41

2.4.2        TOP-DOWN APPROACH                41

2.5           DEMAND-SIDE ANALYSIS             42

2.5.1        DEMAND-SIDE ASSUMPTIONS  43

2.5.2        DEMAND-SIDE CALCULATIONS                43

2.6           SUPPLY-SIDE ANALYSIS                 44

2.6.1        SUPPLY-SIDE ASSUMPTIONS      44

2.6.2        SUPPLY-SIDE CALCULATIONS   45

2.7           FORECAST          46

2.8           RESEARCH LIMITATIONS             46

2.9           RISK ANALYSIS  47

3               EXECUTIVE SUMMARY  48

4               PREMIUM INSIGHTS       53

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYDROGEN FUELING STATION MARKET              53

4.2           HYDROGEN FUELING STATION MARKET, BY REGION                 54

4.3           HYDROGEN FUELING STATION MARKET, BY SUPPLY TYPE     54

4.4           HYDROGEN FUELING STATION MARKET, BY PRESSURE                 55

4.5           HYDROGEN FUELING STATION MARKET, BY STATION SIZE       55

4.6           HYDROGEN FUELING STATION MARKET, BY SOLUTION                 56

4.7           HYDROGEN FUELING STATION MARKET, BY STATION TYPE     56

4.8           HYDROGEN FUELING STATION MARKET IN ASIA PACIFIC, BY PRESSURE AND COUNTRY  57

5               MARKET OVERVIEW       58

5.1           INTRODUCTION              58

5.2           MARKET DYNAMICS       58

5.2.1        DRIVERS               59

5.2.1.1    Increasing investment in zero-emission charging infrastructure                 59

5.2.1.2    Rising popularity of fuel cell vehicles                 59

5.2.2        RESTRAINTS      60

5.2.2.1    Requirement for substantial initial investments               60

5.2.2.2    Underdeveloped hydrogen infrastructure         60

5.2.2.3    High installation and maintenance costs          61

5.2.3        OPPORTUNITIES              61

5.2.3.1    Government initiatives to accelerate deployment of hydrogen fueling stations      61

5.2.3.2    Increasing focus on building hydrogen-based economy 62

5.2.4        CHALLENGES    62

5.2.4.1    Competitive pressure due to rapid development of battery electric vehicle charging infrastructure             62

5.2.4.2    High flammability of hydrogen           63

5.3           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            63

5.4           SUPPLY CHAIN ANALYSIS             64

5.5           ECOSYSTEM ANALYSIS  65

5.6           MARKET MAPPING          67

5.7           TECHNOLOGY ANALYSIS             67

5.7.1        KEY TECHNOLOGIES     67

5.7.1.1    Gaseous hydrogen systems 67

5.7.1.2    On-site hydrogen generation              67

5.7.1.3    Liquid hydrogen systems    68

5.7.2        COMPLEMENTARY TECHNOLOGIES       68

5.7.2.1    Subcooled liquid hydrogen (sLH2)   68

5.7.2.2    Cryo-compressed hydrogen (CcH2) 68

5.8           PATENT ANALYSIS          69

5.9           REGULATORY LANDSCAPE         72

5.9.1        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             72

5.9.2        REGULATIONS  75

5.10         KEY CONFERENCES AND EVENTS, 2025–2026        76

5.11         TRADE ANALYSIS             77

5.11.1      EXPORT SCENARIO (HS CODE 280410)    77

5.11.2      IMPORT SCENARIO (HS CODE 280410)    78

5.12         PRICING ANALYSIS          79

5.12.1      AVERAGE SELLING PRICE TREND OF HYDROGEN FUELING STATION INSTALLATIONS, BY REGION, 2020–2024                 79

5.12.2      PRICING RANGE OF HYDROGEN FUELING STATIONS, BY SUPPLY TYPE AND SOLUTION, 2024  79

5.13         CASE STUDY ANALYSIS 82

5.13.1      AUDUBON ASSISTS SHELL IN OPERATING HYDROGEN REFUELING STATIONS FOR LIGHT- AND HEAVY-DUTY VEHICLES            82

5.13.2      EMERSON PROVIDES TESCOM PRODUCTS TO AUTOMOTIVE COMPANY TO EFFICIENTLY MANAGE FUEL FLOW CONTROL              82

5.13.3      TECHNO-ECONOMIC OPTIMIZATION CONTRIBUTES TO COST-EFFECTIVE AND RELIABLE HYDROGEN REFUELING INFRASTRUCTURE          83

5.14         PORTER’S FIVE FORCES ANALYSIS           84

5.14.1      THREAT OF SUBSTITUTES          85

5.14.2      BARGAINING POWER OF SUPPLIERS       85

5.14.3      BARGAINING POWER OF BUYERS             85

5.14.4      THREAT OF NEW ENTRANTS      85

5.14.5      INTENSITY OF COMPETITIVE RIVALRY 86

5.15         KEY STAKEHOLDERS AND BUYING CRITERIA     86

5.15.1      KEY STAKEHOLDERS IN BUYING PROCESS           86

5.15.2      BUYING CRITERIA           87

5.16         INVESTMENT AND FUNDING SCENARIO               88

5.17         FILLING PROTOCOLS    88

5.17.1      SLOW FILL          89

5.17.2      FAST FILL            89

5.18         IMPACT OF AI/GEN AI ON HYDROGEN FUELING STATION MARKET           90

5.18.1      INTRODUCTION              90

5.18.2      IMPACT OF AI/GEN AI ON SUPPLY CHAIN, BY SOLUTION AND REGION     91

5.19         IMPACT OF 2025 US TARIFF ON HYDROGEN FUELING STATION MARKET           91

5.19.1      INTRODUCTION              91

5.19.2      KEY TARIFF RATES          92

5.19.3      PRICE IMPACT ANALYSIS             93

5.19.4      IMPACT ON COUNTRIES/REGIONS         94

5.19.4.1  US           94

5.19.4.2  Europe   95

5.19.4.3  Asia Pacific            95

5.19.5      IMPACT ON SOLUTIONS               96

6               HYDROGEN FUELING STATION MARKET, BY SOLUTION                 97

6.1           INTRODUCTION              98

6.2           EPC        99

6.2.1        SITE ENGINEERING & DESIGN   101

6.2.1.1    Ability to ensure safe, efficient, and compliant infrastructure development to expedite segmental growth     101

6.2.2        PERMITTING     102

6.2.2.1    Minimized regulatory delays and reduced operational risks to foster segmental growth      102

6.2.3        CONSTRUCTION              103

6.2.3.1    Ability to reduce project timelines, control costs, and ensure adherence to safety and quality standards to drive market             103

6.2.4        COMMISSIONING            104

6.2.4.1    Need for timely service availability for end users to contribute to segmental growth 104

6.2.5        PROJECT MANAGEMENT & GENERAL OVERHEAD                 105

6.2.5.1    Optimized project management and efficient fueling station delivery attributes to fuel segmental growth    105

6.3           COMPONENTS  106

6.3.1        HYDROGEN INLETS        108

6.3.1.1    Proper design and maintenance attributes to fuel segmental growth    108

6.3.2        COMPRESSORS 109

6.3.2.1    Emergence as simple hydrogen storage and distribution network to contribute to segmental growth     109

6.3.3        HYDRAULIC POWER UNITS & CONTROLS             111

6.3.3.1    Focus on delivering required power from fuel cells to bolster segmental growth 111

6.3.4        DISPENSING CHILLER SYSTEMS                112

6.3.4.1    Rapid advances in cooling technology to expedite segmental growth    112

6.3.5        STORAGE UNITS               113

6.3.5.1    Ability to regulate pressure and coordinate with dispensers and vehicles to drive market       113

6.3.6        DISPENSERS       114

6.3.6.1    High emphasis on precise pressure and regulated flow to accelerate segmental growth               114

6.3.7        OTHER COMPONENTS  115

7               HYDROGEN FUELING STATION MARKET, BY PRESSURE                 117

7.1           INTRODUCTION              118

7.2           HIGH     119

7.2.1        GOVERNMENT INCENTIVES AND FUNDING PROGRAMS RELATED TO ZERO-EMISSION MOBILITY TO FUEL SEGMENTAL GROWTH             119

7.3           LOW      120

7.3.1        STRONG FOCUS ON DECARBONIZING PUBLIC AND COMMERCIAL TRANSPORTATION TO BOOST SEGMENTAL GROWTH             120

8               HYDROGEN FUELING STATION MARKET, BY STATION SIZE       122

8.1           INTRODUCTION              123

8.2           SMALL-SIZED    124

8.2.1        COST-EFFICIENCY AND SCALABILITY TO BOOST ADOPTION         124

8.3           MID-SIZED          125

8.3.1        APPLICATION SCOPE IN URBAN AND SEMI-URBAN AREAS TO FOSTER SEGMENTAL GROWTH           125

8.4           LARGE-SIZED    127

8.4.1        FOCUS ON ADVANCING HYDROGEN INFRASTRUCTURE TO AUGMENT SEGMENTAL GROWTH    127

9               HYDROGEN FUELING STATION MARKET, BY STATION TYPE     129

9.1           INTRODUCTION              130

9.2           FIXED   131

9.2.1        LARGE-SCALE PROJECTS ON HYDROGEN MOBILITY TO FOSTER SEGMENTAL GROWTH 131

9.3           MOBILE                132

9.3.1        HIGH DEMAND FOR FLEXIBLE, COST-EFFECTIVE, AND PORTABLE SOLUTIONS TO AUGMENT SEGMENTAL GROWTH                 132

10            HYDROGEN FUELING STATION MARKET, BY SUPPLY TYPE     134

10.1         INTRODUCTION              135

10.2         ON-SITE               136

10.2.1      INCREASING INVESTMENT IN GREEN HYDROGEN TO DRIVE MARKET 136

10.2.2      ELECTROLYSIS 137

10.2.3      STEAM METHANE REFORMING (SMR)    138

10.3         OFF-SITE             138

10.3.1      WIDER ADOPTION OF COMPRESSED HYDROGEN GAS TO AUGMENT SEGMENTAL GROWTH    138

10.3.2      GAS        139

10.3.3      LIQUID 140

10.3.3.1  Subcooled liquid hydrogen (sLH2)   140

10.3.3.2  Cryo-compressed hydrogen (CcH2) 141

11            HYDROGEN FUELING STATION MARKET, BY REGION                 143

11.1         INTRODUCTION              144

11.2         ASIA PACIFIC     147

11.2.1      CHINA  154

11.2.1.1  Growing network of refueling stations for hydrogen vehicles and buses for logistics applications to fuel market expansion                154

11.2.2      JAPAN   156

11.2.2.1  Ambitious hydrogen strategy, infrastructure expansion, and carbon-neutral goals drive market     156

11.2.3      SOUTH KOREA  157

11.2.3.1  Rising emphasis on expanding clean transportation infrastructure to accelerate market growth                157

11.2.4      NEW ZEALAND 159

11.2.4.1  Increasing investment in low-emission heavy vehicles to boost market growth       159

11.2.5      AUSTRALIA         161

11.2.5.1  Growing focus on developing flexible and mobile refueling solutions to foster market growth      161

11.2.6      REST OF ASIA PACIFIC   163

11.3         EUROPE               165

11.3.1      GERMANY           171

11.3.1.1  Rising consumption of clean fuel with minimal carbon emissions to expedite market growth  171

11.3.2      FRANCE                173

11.3.2.1  Increasing investment in green hydrogen production and advanced refueling technologies to drive market             173

11.3.3      NETHERLANDS 175

11.3.3.1  Mounting demand for zero-carbon energy in industries to accelerate market growth    175

11.3.4      SWITZERLAND 177

11.3.4.1  Strong commitment to sustainability and emissions reduction to bolster market growth          177

11.3.5      UK          179

11.3.5.1  Large-scale adoption of hydrogen-powered vehicles to accelerate market expansion 179

11.3.6      REST OF EUROPE             180

11.4         NORTH AMERICA             182

11.4.1      US           188

11.4.1.1  Strong focus on building clean mobility infrastructure to bolster market growth       188

11.4.2      CANADA               190

11.4.2.1  Rapid transition toward zero-emission technologies to accelerate market growth       190

11.5         MIDDLE EAST & AFRICA                192

11.5.1      GCC       199

11.5.1.1  UAE        199

11.5.1.1.1                Increasing use of hydrogen for electricity generation to boost market growth             199

11.5.1.2  Saudi Arabia          201

11.5.1.2.1                Growing emphasis on integrating hydrogen fuel cell vehicles into public transportation to drive market         201

11.5.2      REST OF MIDDLE EAST & AFRICA             203

11.6         SOUTH AMERICA             205

11.6.1      BRAZIL 211

11.6.1.1  Increasing allocation of funds to boost hydrogen production to contribute to market growth               211

11.6.2      REST OF SOUTH AMERICA           213

12            COMPETITIVE LANDSCAPE         216

12.1         OVERVIEW          216

12.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2025                 216

12.3         MARKET SHARE ANALYSIS, 2024                 219

12.4         REVENUE ANALYSIS, 2020–2024  222

12.5         COMPANY VALUATION AND FINANCIAL MATRIX                 223

12.6         BRAND COMPARISON   224

12.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 225

12.7.1      STARS   225

12.7.2      EMERGING LEADERS     225

12.7.3      PERVASIVE PLAYERS      225

12.7.4      PARTICIPANTS 225

12.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         227

12.7.5.1  Company footprint               227

12.7.5.2  Region footprint   228

12.7.5.3  Pressure footprint 229

12.7.5.4  Station size footprint            230

12.7.5.5  Station type footprint           231

12.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        232

12.8.1      PROGRESSIVE COMPANIES         232

12.8.2      RESPONSIVE COMPANIES            232

12.8.3      DYNAMIC COMPANIES  232

12.8.4      STARTING BLOCKS         232

12.8.5      COMPETITIVE BENCHMARKING: KEY STARTUPS/SMES, 2024        234

12.8.5.1  Detailed list of key startups/SMEs    234

12.8.5.2  Competitive benchmarking of startups/SMEs 235

12.9         COMPETITIVE SCENARIO             235

12.9.1      PRODUCT LAUNCHES   235

12.9.2      DEALS  236

12.9.3      EXPANSIONS     238

12.9.4      OTHER DEVELOPMENTS              240

13            COMPANY PROFILES      242

13.1         KEY PLAYERS     242

13.1.1      LINDE PLC          242

13.1.1.1  Business overview 242

13.1.1.2  Products/Solutions/Services offered 243

13.1.1.3  Recent developments           244

13.1.1.3.1                Product launches  244

13.1.1.3.2                Deals      245

13.1.1.4  MnM view              246

13.1.1.4.1                Key strengths/Right to win 246

13.1.1.4.2                Strategic choices   246

13.1.1.4.3                Weaknesses/Competitive threats       247

13.1.2      AIR LIQUIDE      248

13.1.2.1  Business overview 248

13.1.2.2  Products/Solutions/Services offered 249

13.1.2.3  Recent developments           251

13.1.2.3.1                Deals      251

13.1.2.3.2                Expansions             253

13.1.2.3.3                Other developments             254

13.1.2.4  MnM view              254

13.1.2.4.1                Key strengths/Right to win 254

13.1.2.4.2                Strategic choices   255

13.1.2.4.3                Weaknesses/Competitive threats       255

13.1.3      AIR PRODUCTS AND CHEMICALS, INC.  256

13.1.3.1  Business overview 256

13.1.3.2  Products/Solutions/Services offered 257

13.1.3.3  Recent developments           258

13.1.3.3.1                Deals      258

13.1.3.3.2                Expansions             259

13.1.3.3.3                Other developments             260

13.1.3.4  MnM view              260

13.1.3.4.1                Key strengths/Right to win 260

13.1.3.4.2                Strategic choices   260

13.1.3.4.3                Weaknesses/Competitive threats       260

13.1.4      NEL        261

13.1.4.1  Business overview 261

13.1.4.2  Products/Solutions/Services offered 262

13.1.4.3  Recent developments           263

13.1.4.3.1                Deals      263

13.1.4.3.2                Expansions             263

13.1.4.3.3                Other developments             264

13.1.4.4  MnM view              266

13.1.4.4.1                Key strengths/Right to win 266

13.1.4.4.2                Strategic choices   267

13.1.4.4.3                Weaknesses/Competitive threats       267

13.1.5      MAXIMATOR HYDROGEN GMBH               268

13.1.5.1  Business overview 268

13.1.5.2  Products/Solutions/Services offered 268

13.1.5.3  Recent developments           269

13.1.5.3.1                Deals      269

13.1.5.3.2                Expansions             270

13.1.5.3.3                Other developments             271

13.1.5.4  MnM view              272

13.1.5.4.1                Key strengths/Right to win 272

13.1.5.4.2                Strategic choices   272

13.1.5.4.3                Weaknesses/Competitive threats       272

13.1.6      CHART INDUSTRIES       273

13.1.6.1  Business overview 273

13.1.6.2  Products/Solutions/Services offered 274

13.1.6.3  Recent developments           275

13.1.6.3.1                Deals      275

13.1.6.3.2                Other developments             276

13.1.6.4  MnM view              277

13.1.6.4.1                Key strengths/Right to win 277

13.1.6.4.2                Strategic choices   277

13.1.6.4.3                Weaknesses/Competitive threats       277

13.1.7      HYDROGEN REFUELING SOLUTIONS SA                278

13.1.7.1  Business overview 278

13.1.7.2  Products/Solutions/Services offered 279

13.1.7.3  Recent developments           279

13.1.7.3.1                Deals      279

13.1.7.3.2                Expansions             281

13.1.8      IWATANI CORPORATION             282

13.1.8.1  Business overview 282

13.1.8.2  Products/Solutions/Services offered 283

13.1.8.3  Recent developments           284

13.1.8.3.1                Deals      284

13.1.8.3.2                Expansions             284

13.1.9      INGERSOLL RAND           285

13.1.9.1  Business overview 285

13.1.9.2  Products/Solutions/Services offered 286

13.1.9.3  Recent developments           287

13.1.9.3.1                Deals      287

13.1.9.3.2                Other developments             288

13.1.10   PERIC HYDROGEN TECHNOLOGIES CO., LTD    289

13.1.10.1                 Business overview 289

13.1.10.2                 Products/Solutions/Services offered 289

13.1.10.3                 Recent developments           290

13.1.10.3.1             Deals      290

13.1.11   H2 MOBILITY     291

13.1.11.1                 Business overview 291

13.1.11.2                 Products/Solutions/Services offered 291

13.1.11.3                 Recent developments           292

13.1.11.3.1             Deals      292

13.1.11.3.2             Expansions             293

13.1.12   PDC MACHINES                295

13.1.12.1                 Business overview 295

13.1.12.2                 Products/Solutions/Services offered 295

13.1.12.3                 Recent developments           296

13.1.12.3.1             Deals      296

13.1.13   SERA GMBH        298

13.1.13.1                 Business overview 298

13.1.13.2                 Products/Solutions/Services offered 298

13.1.14   HYDROGENIOUS LOHC TECHNOLOGIES              299

13.1.14.1                 Business overview 299

13.1.14.2                 Products/Solutions/Services offered 299

13.1.14.3                 Recent developments           300

13.1.14.3.1             Deals      300

13.1.14.3.2             Other developments             300

13.1.15   POWERTECH LABS          301

13.1.15.1                 Business overview 301

13.1.15.2                 Products/Solutions/Services offered 301

13.1.15.3                 Recent developments           302

13.1.15.3.1             Product launches  302

13.1.15.3.2             Expansions             303

13.1.16   RESATO HYDROGEN TECHNOLOGY       304

13.1.16.1                 Business overview 304

13.1.16.2                 Products/Solutions/Services offered 304

13.1.16.3                 Recent developments           305

13.1.16.3.1             Deals      305

13.1.16.3.2             Expansions             306

13.2         OTHER PLAYERS              308

13.2.1      GALILEO TECHNOLOGIES           308

13.2.2      NIKOLA CORPORATION                309

13.2.3      HUMBLE HYDROGEN    309

13.2.4      ATAWEY               310

13.2.5      ONEH2 310

13.2.6      CHINA PETROCHEMICAL CORPORATION             311

13.2.7      VIRYA ENERGY 312

13.2.8      NUVERA FUEL CELLS, LLC            312

13.2.9      ANGI ENERGY SYSTEMS, INC.     313

14            APPENDIX           314

14.1         INSIGHTS FROM INDUSTRY EXPERTS     314

14.2         DISCUSSION GUIDE        315

14.3         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                319

14.4         CUSTOMIZATION OPTIONS        321

14.5         RELATED REPORTS         321

14.6         AUTHOR DETAILS           322

LIST OF TABLES

TABLE 1                HYDROGEN FUELING STATION MARKET: INCLUSIONS AND EXCLUSIONS 31

TABLE 2                MAJOR SECONDARY SOURCES  36

TABLE 3                PRIMARY INTERVIEW PARTICIPANTS, BY COMPANY AND DESIGNATION 37

TABLE 4                DATA CAPTURED FROM PRIMARY SOURCES                 39

TABLE 5                HYDROGEN FUELING STATION MARKET: RISK ANALYSIS            47

TABLE 6                HYDROGEN FUELING STATION MARKET SNAPSHOT          48

TABLE 7                ROLE OF COMPANIES IN HYDROGEN FUELING STATION ECOSYSTEM   66

TABLE 8                LIST OF MAJOR PATENTS, 2020–2024        70

TABLE 9                NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 72

TABLE 10              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           73

TABLE 11              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 74

TABLE 12              REGULATIONS, BY COUNTRY/REGION  75

TABLE 13              REGULATORY CODES, BY REGION           76

TABLE 14              LIST OF KEY CONFERENCES AND EVENTS, 2025–2026        76

TABLE 15              EXPORT DATA FOR HS CODE 280410-COMPLIANT PRODUCTS, BY COUNTRY, 2022–2024 (USD THOUSAND)      77

TABLE 16              IMPORT DATA FOR HS CODE 280410-COMPLIANT PRODUCTS, BY COUNTRY, 2022–2024 (USD THOUSAND)      78

TABLE 17              AVERAGE SELLING PRICE TREND OF HYDROGEN FUELING STATION INSTALLATIONS, BY REGION, 2020–2024 (USD MILLION)            79

TABLE 18              PRICING RANGE OF OFF-SITE HYDROGEN FUELING STATIONS, BY COMPONENT TYPE, 2024 (USD THOUSAND)      80

TABLE 19              PRICING RANGE OF OFF-SITE HYDROGEN FUELING STATIONS, BY EPC TYPE,

2024 (USD THOUSAND) 80

TABLE 20              PRICING RANGE OF ON-SITE HYDROGEN FUELING STATIONS, BY COMPONENT TYPE, 2024 (USD THOUSAND)      80

TABLE 21              PRICING RANGE OF ON-SITE HYDROGEN FUELING STATIONS, BY EPC TYPE,

2024 (USD THOUSAND) 81

TABLE 22              IMPACT OF PORTER’S FIVE FORCES ANALYSIS                 84

TABLE 23              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY SOLUTION (%)       86

TABLE 24              KEY BUYING CRITERIA, BY SOLUTION   87

TABLE 25              EQUIPMENT FOR SLOW-AND FAST-FILL HYDROGEN REFUELING STATIONS         88

TABLE 26              POSSIBLE SLOW-FILL EQUIPMENT CONFIGURATIONS          89

TABLE 27              POSSIBLE FAST-FILL EQUIPMENT CONFIGURATIONS          89

TABLE 28              US-ADJUSTED RECIPROCAL TARIFF RATES                 92

TABLE 29              EXPECTED CHANGE IN PRICES AND LIKELY IMPACT ON END-USE MARKETS

DUE TO 2025 US TARIFF                93

TABLE 30              HYDROGEN FUELING STATION MARKET, BY SOLUTION, 2020–2024 (USD MILLION)    98

TABLE 31              HYDROGEN FUELING STATION MARKET, BY SOLUTION, 2025–2035 (USD MILLION)    99

TABLE 32              EPC: HYDROGEN FUELING STATION MARKET, BY REGION,

2020–2024 (USD MILLION)            99

TABLE 33              EPC: HYDROGEN FUELING STATION MARKET, BY REGION,

2025–2035 (USD MILLION)            100

TABLE 34              EPC: HYDROGEN FUELING STATION MARKET, BY TYPE, 2020–2024 (USD MILLION)         100

TABLE 35              EPC: HYDROGEN FUELING STATION MARKET, BY TYPE, 2025–2035 (USD MILLION)         100

TABLE 36              SITE ENGINEERING & DESIGN: HYDROGEN FUELING STATION MARKET,

BY REGION, 2020–2024 (USD MILLION)   101

TABLE 37              SITE ENGINEERING & DESIGN: HYDROGEN FUELING STATION MARKET,

BY REGION, 2025–2035 (USD MILLION)   101

TABLE 38              PERMITTING: HYDROGEN FUELING STATION MARKET, BY REGION,

2020–2024 (USD MILLION)            102

TABLE 39              PERMITTING: HYDROGEN FUELING STATION MARKET, BY REGION,

2025–2035 (USD MILLION)            102

TABLE 40              CONSTRUCTION: HYDROGEN FUELING STATION MARKET, BY REGION,

2020–2024 (USD MILLION)            103

TABLE 41              CONSTRUCTION: HYDROGEN FUELING STATION MARKET, BY REGION,

2025–2035 (USD MILLION)            103

TABLE 42              COMMISSIONING: HYDROGEN FUELING STATION MARKET, BY REGION,

2020–2024 (USD MILLION)            104

TABLE 43              COMMISSIONING: HYDROGEN FUELING STATION MARKET, BY REGION,

2025–2035 (USD MILLION)            104

TABLE 44              PROJECT MANAGEMENT & GENERAL OVERHEAD: HYDROGEN FUELING STATION MARKET, BY REGION, 2020–2024 (USD MILLION)          105

TABLE 45              PROJECT MANAGEMENT & GENERAL OVERHEAD: HYDROGEN FUELING STATION MARKET, BY REGION, 2025–2035 (USD MILLION)          105

TABLE 46              COMPONENTS: HYDROGEN FUELING STATION MARKET, BY REGION,

2020–2024 (USD MILLION)            106

TABLE 47              COMPONENTS: HYDROGEN FUELING STATION MARKET, BY REGION,

2025–2035 (USD MILLION)            107

TABLE 48              COMPONENTS: HYDROGEN FUELING STATION MARKET, BY TYPE,

2020–2024 (USD MILLION)            107

TABLE 49              COMPONENTS: HYDROGEN FUELING STATION MARKET, BY TYPE,

2025–2035 (USD MILLION)            108

TABLE 50              HYDROGEN INLETS: HYDROGEN FUELING STATION MARKET, BY REGION,

2020–2024 (USD MILLION)            109

TABLE 51              HYDROGEN INLETS: HYDROGEN FUELING STATION MARKET, BY REGION,

2025–2035 (USD MILLION)            109

TABLE 52              COMPRESSORS: HYDROGEN FUELING STATION MARKET, BY REGION,

2020–2024 (USD MILLION)            110

TABLE 53              COMPRESSORS: HYDROGEN FUELING STATION MARKET, BY REGION,

2025–2035 (USD MILLION)            110

TABLE 54              HYDRAULIC POWER UNITS & CONTROLS: HYDROGEN FUELING STATION MARKET, BY REGION, 2020–2024 (USD MILLION) 111

TABLE 55              HYDRAULIC POWER UNITS & CONTROLS: HYDROGEN FUELING STATION MARKET, BY REGION, 2025–2035 (USD MILLION) 111

TABLE 56              DISPENSER CHILLER SYSTEMS: HYDROGEN FUELING STATION MARKET,

BY REGION, 2020–2024 (USD MILLION)   112

TABLE 57              DISPENSER CHILLER SYSTEMS: HYDROGEN FUELING STATION MARKET,

BY REGION, 2025–2035 (USD MILLION)   113

TABLE 58              STORAGE UNITS: HYDROGEN FUELING STATION MARKET, BY REGION,

2020–2024 (USD MILLION)            114

TABLE 59              STORAGE UNITS: HYDROGEN FUELING STATION MARKET, BY REGION,

2025–2035 (USD MILLION)            114

TABLE 60              DISPENSERS: HYDROGEN FUELING STATION MARKET, BY REGION,

2020–2024 (USD MILLION)            115

TABLE 61              DISPENSERS: HYDROGEN FUELING STATION MARKET, BY REGION,

2025–2035 (USD MILLION)            115

TABLE 62              OTHER COMPONENTS: HYDROGEN FUELING STATION MARKET, BY REGION,

2020–2024 (USD MILLION)            116

TABLE 63              OTHER COMPONENTS: HYDROGEN FUELING STATION MARKET, BY REGION,

2025–2035 (USD MILLION)            116

TABLE 64              HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2020–2024 (USD MILLION)            118

TABLE 65              HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2025–2035 (USD MILLION)            119

TABLE 66              HIGH: HYDROGEN FUELING STATION MARKET, BY REGION,

2020–2024 (USD MILLION)            120

TABLE 67              HIGH: HYDROGEN FUELING STATION MARKET, BY REGION,

2025–2035 (USD MILLION)            120

TABLE 68              LOW: HYDROGEN FUELING STATION MARKET, BY REGION,

2020–2024 (USD MILLION)            121

TABLE 69              LOW: HYDROGEN FUELING STATION MARKET, BY REGION,

2025–2035 (USD MILLION)            121

TABLE 70              HYDROGEN FUELING STATION MARKET, BY STATION SIZE,

2020–2024 (USD MILLION)            124

TABLE 71              HYDROGEN FUELING STATION MARKET, BY STATION SIZE,

2025–2035 (USD MILLION)            124

TABLE 72              SMALL-SIZED: HYDROGEN FUELING STATION MARKET, BY REGION,

2020–2024 (USD MILLION)            125

TABLE 73              SMALL-SIZED: HYDROGEN FUELING STATION MARKET, BY REGION,

2025–2035 (USD MILLION)            125

TABLE 74              MID-SIZED: HYDROGEN FUELING STATION MARKET, BY REGION,

2020–2024 (USD MILLION)            126

TABLE 75              MID-SIZED: HYDROGEN FUELING STATION MARKET, BY REGION,

2025–2035 (USD MILLION)            126

TABLE 76              LARGE-SIZED: HYDROGEN FUELING STATION MARKET, BY REGION,

2020–2024 (USD MILLION)            127

TABLE 77              LARGE-SIZED: HYDROGEN FUELING STATION MARKET, BY REGION,

2025–2035 (USD MILLION)            128

TABLE 78              HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2020–2024 (USD MILLION)            130

TABLE 79              HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2025–2035 (USD MILLION)            131

TABLE 80             FIXED: HYDROGEN FUELING STATION MARKET, BY REGION,

2020–2024 (USD MILLION)            132

TABLE 81             FIXED: HYDROGEN FUELING STATION MARKET, BY REGION,

2025–2035 (USD MILLION)            132

TABLE 82              MOBILE: HYDROGEN FUELING STATION MARKET, BY REGION,

2020–2024 (USD MILLION)            133

TABLE 83              MOBILE: HYDROGEN FUELING STATION MARKET, BY REGION,

2025–2035 (USD MILLION)            133

TABLE 84              HYDROGEN FUELING STATION MARKET, BY SUPPLY TYPE,

2020–2024 (USD MILLION)            136

TABLE 85              HYDROGEN FUELING STATION MARKET, BY SUPPLY TYPE,

2025–2035 (USD MILLION)            136

TABLE 86              ON-SITE: HYDROGEN FUELING STATION MARKET, BY REGION,

2020–2024 (USD MILLION)            137

TABLE 87              ON-SITE: HYDROGEN FUELING STATION MARKET, BY REGION,

2025–2035 (USD MILLION)            137

TABLE 88              OFF-SITE: HYDROGEN FUELING STATION MARKET, BY REGION,

2020–2024 (USD MILLION)            139

TABLE 89              OFF-SITE: HYDROGEN FUELING STATION MARKET, BY REGION,

2025–2035 (USD MILLION)            139

TABLE 90              SUBCOOLED LIQUID HYDROGEN (SLH2) ADVANTAGES AND DISADVANTAGES   140

TABLE 91              SUBCOOLED LIQUID HYDROGEN (SLH2) HRS SPECIFICATIONS              141

TABLE 92              SUBCOOLED LIQUID HYDROGEN (SLH2) VEHICLE SPECIFICATIONS          141

TABLE 93              CRYO-COMPRESSED HYDROGEN (CCH2) ADVANTAGES & DISADVANTAGES          142

TABLE 94              CRYO-COMPRESSED HYDROGEN (CCH2) HRS SPECIFICATIONS              142

TABLE 95              CRYO-COMPRESSED HYDROGEN (CCH2) VEHICLE SPECIFICATIONS          142

TABLE 96              HYDROGEN FUELING STATION MARKET, BY REGION, 2020–2024 (USD MILLION)          145

TABLE 97              HYDROGEN FUELING STATION MARKET, BY REGION, 2025–2035 (USD MILLION)          145

TABLE 98              HYDROGEN FUELING STATION MARKET, BY REGION,

2020–2024 (OPERATIONAL UNITS)            145

TABLE 99              HYDROGEN FUELING STATION MARKET, BY REGION,

2025–2035 (OPERATIONAL UNITS)            146

TABLE 100            HYDROGEN FUELING STATION MARKET, BY REGION,

2020–2024 (Y-O-Y VOLUME GROWTH)     146

TABLE 101            HYDROGEN FUELING STATION MARKET, BY REGION,

2025–2035 (Y-O-Y VOLUME GROWTH)     147

TABLE 102            ASIA PACIFIC: HYDROGEN FUELING STATION MARKET, BY STATION SIZE,

2020–2024 (USD MILLION)            148

TABLE 103            ASIA PACIFIC: HYDROGEN FUELING STATION MARKET, BY STATION SIZE,

2025–2035 (USD MILLION)            149

TABLE 104            ASIA PACIFIC: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2020–2024 (USD MILLION)            149

TABLE 105            ASIA PACIFIC: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2025–2035 (USD MILLION)            149

TABLE 106            ASIA PACIFIC: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2020–2024 (USD MILLION)            149

TABLE 107            ASIA PACIFIC: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2025–2035 (USD MILLION)            150

TABLE 108            ASIA PACIFIC: HYDROGEN FUELING STATION MARKET, BY SUPPLY TYPE,

2020–2024 (USD MILLION)            150

TABLE 109            ASIA PACIFIC: HYDROGEN FUELING STATION MARKET, BY SUPPLY TYPE,

2025–2035 (USD MILLION)            150

TABLE 110            ASIA PACIFIC: HYDROGEN FUELING STATION MARKET, BY SOLUTION,

2020–2024 (USD MILLION)            150

TABLE 111            ASIA PACIFIC: HYDROGEN FUELING STATION MARKET, BY SOLUTION,

2025–2035 (USD MILLION)            151

TABLE 112            ASIA PACIFIC: HYDROGEN FUELING STATION MARKET FOR EPC, BY TYPE,

2020–2024 (USD MILLION)            151

TABLE 113            ASIA PACIFIC: HYDROGEN FUELING STATION MARKET FOR EPC, BY TYPE,

2025–2035 (USD MILLION)            151

TABLE 114            ASIA PACIFIC: HYDROGEN FUELING STATION MARKET FOR COMPONENTS,

BY TYPE, 2020–2024 (USD MILLION)         152

TABLE 115            ASIA PACIFIC: HYDROGEN FUELING STATION MARKET FOR COMPONENTS,

BY TYPE, 2025–2035 (USD MILLION)         152

TABLE 116            ASIA PACIFIC: HYDROGEN FUELING STATION MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            153

TABLE 117            ASIA PACIFIC: HYDROGEN FUELING STATION MARKET, BY COUNTRY,

2025–2035 (USD MILLION)            153

TABLE 118            CHINA: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2020–2024 (USD MILLION)            155

TABLE 119            CHINA: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2025–2035 (USD MILLION)            155

TABLE 120            CHINA: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2020–2024 (USD MILLION)            155

TABLE 121            CHINA: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2025–2035 (USD MILLION)            155

TABLE 122          JAPAN: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2020–2024 (USD MILLION)            156

TABLE 123          JAPAN: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2025–2035 (USD MILLION)            157

TABLE 124          JAPAN: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2020–2024 (USD MILLION)            157

TABLE 125          JAPAN: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2025–2035 (USD MILLION)            157

TABLE 126            SOUTH KOREA: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2020–2024 (USD MILLION)            158

TABLE 127            SOUTH KOREA: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2025–2035 (USD MILLION)            159

TABLE 128            SOUTH KOREA: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2020–2024 (USD MILLION)            159

TABLE 129            SOUTH KOREA: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2025–2035 (USD MILLION)            159

TABLE 130            NEW ZEALAND: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2020–2024 (USD MILLION)            160

TABLE 131            NEW ZEALAND: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2025–2035 (USD MILLION)            160

TABLE 132            NEW ZEALAND: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2020–2024 (USD MILLION)            161

TABLE 133            NEW ZEALAND: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2025–2035 (USD MILLION)            161

TABLE 134            AUSTRALIA: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2020–2024 (USD MILLION)            162

TABLE 135            AUSTRALIA: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2025–2035 (USD MILLION)            162

TABLE 136            AUSTRALIA: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2020–2024 (USD MILLION)            162

TABLE 137            AUSTRALIA: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2025–2035 (USD MILLION)            163

TABLE 138            REST OF ASIA PACIFIC: HYDROGEN FUELING STATION MARKET, BY PRESSURE, 2020–2024 (USD MILLION)                 163

TABLE 139            REST OF ASIA PACIFIC: HYDROGEN FUELING STATION MARKET, BY PRESSURE, 2025–2035 (USD MILLION)                 164

TABLE 140            REST OF ASIA PACIFIC: HYDROGEN FUELING STATION MARKET, BY STATION TYPE, 2020–2024 (USD MILLION)            164

TABLE 141            REST OF ASIA PACIFIC: HYDROGEN FUELING STATION MARKET, BY STATION TYPE, 2025–2035 (USD MILLION)            164

TABLE 142            EUROPE: HYDROGEN FUELING STATION MARKET, BY STATION SIZE,

2020–2024 (USD MILLION)            166

TABLE 143            EUROPE: HYDROGEN FUELING STATION MARKET, BY STATION SIZE,

2025–2035 (USD MILLION)            167

TABLE 144            EUROPE: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2020–2024 (USD MILLION)            167

TABLE 145            EUROPE: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2025–2035 (USD MILLION)            167

TABLE 146            EUROPE: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2020–2024 (USD MILLION)            167

TABLE 147            EUROPE: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2025–2035 (USD MILLION)            168

TABLE 148            EUROPE: HYDROGEN FUELING STATION MARKET, BY SUPPLY TYPE,

2020–2024 (USD MILLION)            168

TABLE 149            EUROPE: HYDROGEN FUELING STATION MARKET, BY SUPPLY TYPE,

2025–2035 (USD MILLION)            168

TABLE 150            EUROPE: HYDROGEN FUELING STATION MARKET, BY SOLUTION,

2020–2024 (USD MILLION)            168

TABLE 151            EUROPE: HYDROGEN FUELING STATION MARKET, BY SOLUTION,

2025–2035 (USD MILLION)            169

TABLE 152            EUROPE: HYDROGEN FUELING STATION MARKET FOR EPC, BY TYPE,

2020–2024 (USD MILLION)            169

TABLE 153            EUROPE: HYDROGEN FUELING STATION MARKET FOR EPC, BY TYPE,

2025–2035 (USD MILLION)            169

TABLE 154            EUROPE: HYDROGEN FUELING STATION MARKET FOR COMPONENTS, BY TYPE, 2020–2024 (USD MILLION)            170

TABLE 155            EUROPE: HYDROGEN FUELING STATION MARKET FOR COMPONENTS, BY TYPE, 2025–2035 (USD MILLION)            170

TABLE 156            EUROPE: HYDROGEN FUELING STATION MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            171

TABLE 157            EUROPE: HYDROGEN FUELING STATION MARKET, BY COUNTRY,

2025–2035 (USD MILLION)            171

TABLE 158            GERMANY: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2020–2024 (USD MILLION)            172

TABLE 159            GERMANY: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2025–2035 (USD MILLION)            172

TABLE 160            GERMANY: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2020–2024 (USD MILLION)            173

TABLE 161            GERMANY: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2025–2035 (USD MILLION)            173

TABLE 162            FRANCE: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2020–2024 (USD MILLION)            174

TABLE 163            FRANCE: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2025–2035 (USD MILLION)            174

TABLE 164            FRANCE: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2020–2024 (USD MILLION)            174

TABLE 165            FRANCE: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2025–2035 (USD MILLION)            175

TABLE 166            NETHERLANDS: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2020–2024 (USD MILLION)            176

TABLE 167            NETHERLANDS: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2025–2035 (USD MILLION)            176

TABLE 168            NETHERLANDS: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2020–2024 (USD MILLION)            176

TABLE 169            NETHERLANDS: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2025–2035 (USD MILLION)            176

TABLE 170            SWITZERLAND: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2020–2024 (USD MILLION)            177

TABLE 171            SWITZERLAND: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2025–2035 (USD MILLION)            178

TABLE 172            SWITZERLAND: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2020–2024 (USD MILLION)            178

TABLE 173            SWITZERLAND: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2025–2035 (USD MILLION)          178

TABLE 174            UK: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2020–2024 (USD MILLION)            179

TABLE 175            UK: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2025–2035 (USD MILLION)            180

TABLE 176            UK: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2020–2024 (USD MILLION)            180

TABLE 177            UK: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2025–2035 (USD MILLION)            180

TABLE 178            REST OF EUROPE: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2020–2024 (USD MILLION)            181

TABLE 179            REST OF EUROPE: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2025–2035 (USD MILLION)            181

TABLE 180            REST OF EUROPE: HYDROGEN FUELING STATION MARKET, BY STATION TYPE, 2020–2024 (USD MILLION)            182

TABLE 181            REST OF EUROPE: HYDROGEN FUELING STATION MARKET, BY STATION TYPE, 2025–2035 (USD MILLION)            182

TABLE 182            NORTH AMERICA: HYDROGEN FUELING STATION MARKET, BY STATION SIZE, 2020–2024 (USD MILLION)                 183

TABLE 183            NORTH AMERICA: HYDROGEN FUELING STATION MARKET, BY STATION SIZE, 2025–2035 (USD MILLION)                 183

TABLE 184            NORTH AMERICA: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2020–2024 (USD MILLION)            184

TABLE 185            NORTH AMERICA: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2025–2035 (USD MILLION)            184

TABLE 186            NORTH AMERICA: HYDROGEN FUELING STATION MARKET, BY STATION TYPE, 2020–2024 (USD MILLION)            184

TABLE 187            NORTH AMERICA: HYDROGEN FUELING STATION MARKET, BY STATION TYPE, 2025–2035 (USD MILLION)            184

TABLE 188            NORTH AMERICA: HYDROGEN FUELING STATION MARKET, BY SUPPLY TYPE, 2020–2024 (USD MILLION)                 185

TABLE 189            NORTH AMERICA: HYDROGEN FUELING STATION MARKET, BY SUPPLY TYPE, 2025–2035 (USD MILLION)                 185

TABLE 190            NORTH AMERICA: HYDROGEN FUELING STATION MARKET, BY SOLUTION,

2020–2024 (USD MILLION)            185

TABLE 191            NORTH AMERICA: HYDROGEN FUELING STATION MARKET, BY SOLUTION,

2025–2035 (USD MILLION)            185

TABLE 192            NORTH AMERICA: HYDROGEN FUELING STATION MARKET FOR EPC, BY TYPE, 2020–2024 (USD MILLION)                 186

TABLE 193            NORTH AMERICA: HYDROGEN FUELING STATION MARKET FOR EPC, BY TYPE, 2025–2035 (USD MILLION)                 186

TABLE 194            NORTH AMERICA: HYDROGEN FUELING STATION MARKET FOR COMPONENTS,

BY TYPE, 2020–2024 (USD MILLION)         187

TABLE 195            NORTH AMERICA: HYDROGEN FUELING STATION MARKET FOR COMPONENTS,

BY TYPE, 2025–2035 (USD MILLION)         187

TABLE 196            NORTH AMERICA: HYDROGEN FUELING STATION MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            187

TABLE 197            NORTH AMERICA: HYDROGEN FUELING STATION MARKET, BY COUNTRY,

2025–2035 (USD MILLION)            188

TABLE 198            US: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2020–2024 (USD MILLION)            189

TABLE 199            US: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2025–2035 (USD MILLION)            189

TABLE 200            US: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2020–2024 (USD MILLION)            189

TABLE 201            US: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2025–2035 (USD MILLION)            190

TABLE 202            CANADA: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2020–2024 (USD MILLION)            191

TABLE 203            CANADA: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2025–2035 (USD MILLION)            191

TABLE 204            CANADA: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2020–2024 (USD MILLION)            191

TABLE 205            CANADA: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2025–2035 (USD MILLION)            192

TABLE 206            MIDDLE EAST & AFRICA: HYDROGEN FUELING STATION MARKET, BY STATION SIZE, 2020–2024 (USD MILLION)                 193

TABLE 207            MIDDLE EAST & AFRICA: HYDROGEN FUELING STATION MARKET, BY STATION SIZE, 2025–2035 (USD MILLION)                 193

TABLE 208            MIDDLE EAST & AFRICA: HYDROGEN FUELING STATION MARKET, BY PRESSURE, 2020–2024 (USD MILLION)                 193

TABLE 209            MIDDLE EAST & AFRICA: HYDROGEN FUELING STATION MARKET, BY PRESSURE, 2025–2035 (USD MILLION)                 194

TABLE 210            MIDDLE EAST & AFRICA: HYDROGEN FUELING STATION MARKET,

BY STATION TYPE, 2020–2024 (USD MILLION)     194

TABLE 211            MIDDLE EAST & AFRICA: HYDROGEN FUELING STATION MARKET,

BY STATION TYPE, 2025–2035 (USD MILLION)     194

TABLE 212            MIDDLE EAST & AFRICA: HYDROGEN FUELING STATION MARKET, BY SUPPLY TYPE, 2020–2024 (USD MILLION)                 195

TABLE 213            MIDDLE EAST & AFRICA: HYDROGEN FUELING STATION MARKET, BY SUPPLY TYPE, 2025–2035 (USD MILLION)                 195

TABLE 214            MIDDLE EAST & AFRICA: HYDROGEN FUELING STATION MARKET, BY SOLUTION, 2020–2024 (USD MILLION)                 195

TABLE 215            MIDDLE EAST & AFRICA: HYDROGEN FUELING STATION MARKET, BY SOLUTION, 2025–2035 (USD MILLION)                 196

TABLE 216            MIDDLE EAST & AFRICA: HYDROGEN FUELING STATION MARKET FOR EPC,

BY TYPE, 2020–2024 (USD MILLION)         196

TABLE 217            MIDDLE EAST & AFRICA: HYDROGEN FUELING STATION MARKET FOR EPC,

BY TYPE, 2025–2035 (USD MILLION)         196

TABLE 218            MIDDLE EAST & AFRICA: HYDROGEN FUELING STATION MARKET FOR COMPONENTS, BY TYPE, 2020–2024 (USD MILLION) 197

TABLE 219            MIDDLE EAST & AFRICA: HYDROGEN FUELING STATION MARKET FOR COMPONENTS, BY TYPE, 2025–2035 (USD MILLION) 197

TABLE 220            MIDDLE EAST & AFRICA: HYDROGEN FUELING STATION MARKET, BY COUNTRY, 2020–2024 (USD MILLION)                 198

TABLE 221            MIDDLE EAST & AFRICA: HYDROGEN FUELING STATION MARKET, BY COUNTRY, 2025–2035 (USD MILLION)                 198

TABLE 222            GCC: HYDROGEN FUELING STATION MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            198

TABLE 223            GCC: HYDROGEN FUELING STATION MARKET, BY COUNTRY,

2025–2035 (USD MILLION)            199

TABLE 224            UAE: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2020–2024 (USD MILLION)            200

TABLE 225            UAE: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2025–2035 (USD MILLION)            200

TABLE 226            UAE: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2020–2024 (USD MILLION)            200

TABLE 227            UAE: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2025–2035 (USD MILLION)            201

TABLE 228            SAUDI ARABIA: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2020–2024 (USD MILLION)            202

TABLE 229            SAUDI ARABIA: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2025–2035 (USD MILLION)            202

TABLE 230            SAUDI ARABIA: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2020–2024 (USD MILLION)            202

TABLE 231            SAUDI ARABIA: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2025–2035 (USD MILLION)            203

TABLE 232            REST OF MIDDLE EAST & AFRICA: HYDROGEN FUELING STATION MARKET,

BY PRESSURE, 2020–2024 (USD MILLION)               204

TABLE 233            REST OF MIDDLE EAST & AFRICA: HYDROGEN FUELING STATION MARKET,

BY PRESSURE, 2025–2035 (USD MILLION)               204

TABLE 234            REST OF MIDDLE EAST & AFRICA: HYDROGEN FUELING STATION MARKET,

BY STATION TYPE, 2020–2024 (USD MILLION)     204

TABLE 235            REST OF MIDDLE EAST & AFRICA: HYDROGEN FUELING STATION MARKET,

BY STATION TYPE, 2025–2035 (USD MILLION)     205

TABLE 236            SOUTH AMERICA: HYDROGEN FUELING STATION MARKET, BY STATION SIZE, 2020–2024 (USD MILLION)                 206

TABLE 237            SOUTH AMERICA: HYDROGEN FUELING STATION MARKET, BY STATION SIZE, 2025–2035 (USD MILLION)                 206

TABLE 238            SOUTH AMERICA: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2020–2024 (USD MILLION)            206

TABLE 239            SOUTH AMERICA: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2025–2035 (USD MILLION)            207

TABLE 240            SOUTH AMERICA: HYDROGEN FUELING STATION MARKET, BY STATION TYPE, 2020–2024 (USD MILLION)            207

TABLE 241            SOUTH AMERICA: HYDROGEN FUELING STATION MARKET, BY STATION TYPE, 2025–2035 (USD MILLION)            207

TABLE 242            SOUTH AMERICA: HYDROGEN FUELING STATION MARKET, BY SUPPLY TYPE, 2020–2024 (USD MILLION)                 208

TABLE 243            SOUTH AMERICA: HYDROGEN FUELING STATION MARKET, BY SUPPLY TYPE, 2025–2035 (USD MILLION)                 208

TABLE 244            SOUTH AMERICA: HYDROGEN FUELING STATION MARKET, BY SOLUTION,

2020–2024 (USD MILLION)            208

TABLE 245            SOUTH AMERICA: HYDROGEN FUELING STATION MARKET, BY SOLUTION,

2025–2035 (USD MILLION)            209

TABLE 246            SOUTH AMERICA: HYDROGEN FUELING STATION MARKET FOR EPC, BY TYPE, 2020–2024 (USD MILLION)                 209

TABLE 247            SOUTH AMERICA: HYDROGEN FUELING STATION MARKET FOR EPC, BY TYPE, 2025–2035 (USD MILLION)                 209

TABLE 248            SOUTH AMERICA: HYDROGEN FUELING STATION MARKET FOR COMPONENTS,

BY TYPE, 2020–2024 (USD MILLION)         210

TABLE 249            SOUTH AMERICA: HYDROGEN FUELING STATION MARKET FOR COMPONENTS,

BY TYPE, 2025–2035 (USD MILLION)         210

TABLE 250            SOUTH AMERICA: HYDROGEN FUELING STATION MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            211

TABLE 251            SOUTH AMERICA: HYDROGEN FUELING STATION MARKET, BY COUNTRY,

2025–2035 (USD MILLION)            211

TABLE 252            BRAZIL: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2020–2024 (USD MILLION)            212

TABLE 253            BRAZIL: HYDROGEN FUELING STATION MARKET, BY PRESSURE,

2025–2035 (USD MILLION)            212

TABLE 254            BRAZIL: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2020–2024 (USD MILLION)            213

TABLE 255            BRAZIL: HYDROGEN FUELING STATION MARKET, BY STATION TYPE,

2025–2035 (USD MILLION)            213

TABLE 256            REST OF SOUTH AMERICA: HYDROGEN FUELING STATION MARKET, BY PRESSURE, 2020–2024 (USD MILLION)            214

TABLE 257            REST OF SOUTH AMERICA: HYDROGEN FUELING STATION MARKET, BY PRESSURE, 2025–2035 (USD MILLION)            215

TABLE 258            REST OF SOUTH AMERICA: HYDROGEN FUELING STATION MARKET,

BY STATION TYPE, 2020–2024 (USD MILLION)     215

TABLE 259            REST OF SOUTH AMERICA: HYDROGEN FUELING STATION MARKET,

BY STATION TYPE, 2025–2035 (USD MILLION)     215

TABLE 260            HYDROGEN FUELING STATION MARKET: OVERVIEW OF STRATEGIES ADOPTED

BY KEY PLAYERS, 2020–2025          216

TABLE 261            HYDROGEN FUELING STATION MARKET: DEGREE OF COMPETITION, 2024               219

TABLE 262            HYDROGEN FUELING STATION MARKET: REGION FOOTPRINT     228

TABLE 263            HYDROGEN FUELING STATION MARKET: PRESSURE FOOTPRINT 229

TABLE 264            HYDROGEN FUELING STATION MARKET: STATION SIZE FOOTPRINT         230

TABLE 265            HYDROGEN FUELING STATION MARKET: STATION TYPE FOOTPRINT       231

TABLE 266            HYDROGEN FUELING STATION MARKET: DETAILED LIST OF KEY STARTUPS/SMES             234

TABLE 267            HYDROGEN FUELING STATION MARKET: COMPETITIVE BENCHMARKING

OF KEY STARTUPS/SMES              235

TABLE 268            HYDROGEN FUELING STATION MARKET: PRODUCT LAUNCHES,

JUNE 2020–JULY 2025       236

TABLE 269            HYDROGEN FUELING STATION MARKET: DEALS, JUNE 2020–JULY 2025       236

TABLE 270            HYDROGEN FUELING STATION MARKET: EXPANSIONS, JUNE 2020–JULY 2025          238

TABLE 271            HYDROGEN FUELING STATION MARKET: OTHER DEVELOPMENTS,

JUNE 2020–JULY 2025       240

TABLE 272            LINDE PLC: COMPANY OVERVIEW           242

TABLE 273            LINDE PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED             243

TABLE 274            LINDE PLC: PRODUCT LAUNCHES           244

TABLE 275            LINDE PLC: DEALS          245

TABLE 276            AIR LIQUIDE: COMPANY OVERVIEW       248

TABLE 277            AIR LIQUIDE: PRODUCTS/SOLUTIONS/SERVICES OFFERED    249

TABLE 278            AIR LIQUIDE: DEALS      251

TABLE 279            AIR LIQUIDE: EXPANSIONS         253

TABLE 280            AIR LIQUIDE: OTHER DEVELOPMENTS 254

TABLE 281            AIR PRODUCTS AND CHEMICALS, INC.: COMPANY OVERVIEW   256

TABLE 282            AIR PRODUCTS AND CHEMICALS, INC.: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        257

TABLE 283            AIR PRODUCTS AND CHEMICALS, INC.: DEALS                 258

TABLE 284            AIR PRODUCTS AND CHEMICALS, INC.: EXPANSIONS     259

TABLE 285            AIR PRODUCTS AND CHEMICALS, INC.: OTHER DEVELOPMENTS              260

TABLE 286            NEL: COMPANY OVERVIEW         261

TABLE 287            NEL: PRODUCTS/SOLUTIONS/SERVICES OFFERED             262

TABLE 288            NEL: DEALS        263

TABLE 289            NEL: EXPANSIONS           263

TABLE 290            NEL: OTHER DEVELOPMENTS   264

TABLE 291            MAXIMATOR HYDROGEN GMBH: COMPANY OVERVIEW          268

TABLE 292            MAXIMATOR HYDROGEN GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED    268

TABLE 293            MAXIMATOR HYDROGEN GMBH: DEALS                 269

TABLE 294            MAXIMATOR HYDROGEN GMBH: EXPANSIONS                 270

TABLE 295            MAXIMATOR HYDROGEN GMBH: OTHER DEVELOPMENTS              271

TABLE 296            CHART INDUSTRIES: COMPANY OVERVIEW                 273

TABLE 297            CHART INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED    274

TABLE 298            CHART INDUSTRIES: DEALS       275

TABLE 299            CHART INDUSTRIES: OTHER DEVELOPMENTS                 276

TABLE 300            HYDROGEN REFUELING SOLUTIONS SA: COMPANY OVERVIEW   278

TABLE 301            HYDROGEN REFUELING SOLUTIONS SA: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        279

TABLE 302            HYDROGEN REFUELING SOLUTIONS SA: DEALS                 279

TABLE 303            HYDROGEN REFUELING SOLUTIONS SA: EXPANSIONS     281

TABLE 304            IWATANI CORPORATION: COMPANY OVERVIEW          282

TABLE 305            IWATANI CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    283

TABLE 306            IWATANI CORPORATION: DEALS             284

TABLE 307            IWATANI CORPORATION: EXPANSIONS 284

TABLE 308            INGERSOLL RAND: COMPANY OVERVIEW                 285

TABLE 309            INGERSOLL RAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED    286

TABLE 310            INGERSOLL RAND: DEALS            287

TABLE 311            INGERSOLL RAND: OTHER DEVELOPMENTS                 288

TABLE 312            PERIC HYDROGEN TECHNOLOGIES CO., LTD: COMPANY OVERVIEW   289

TABLE 313            PERIC HYDROGEN TECHNOLOGIES CO., LTD: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        289

TABLE 314            PERIC HYDROGEN TECHNOLOGIES CO., LTD: DEALS  290

TABLE 315            H2 MOBILITY: COMPANY OVERVIEW     291

TABLE 316            H2 MOBILITY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    291

TABLE 317            H2 MOBILITY: DEALS     292

TABLE 318            H2 MOBILITY: EXPANSIONS        293

TABLE 319            PDC MACHINES: COMPANY OVERVIEW 295

TABLE 320            PDC MACHINES: PRODUCTS/SOLUTIONS/SERVICES OFFERED    295

TABLE 321            PDC MACHINES: DEALS                 296

TABLE 322            SERA GMBH: COMPANY OVERVIEW        298

TABLE 323            SERA GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED    298

TABLE 324            HYDROGENIOUS LOHC TECHNOLOGIES: COMPANY OVERVIEW   299

TABLE 325            HYDROGENIOUS LOHC TECHNOLOGIES: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        299

TABLE 326            HYDROGENIOUS LOHC TECHNOLOGIES: DEALS  300

TABLE 327            HYDROGENIOUS LOHC TECHNOLOGIES: OTHER DEVELOPMENTS              300

TABLE 328            POWERTECH LABS: COMPANY OVERVIEW                 301

TABLE 329            POWERTECH LABS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    301

TABLE 330            POWERTECH LABS: PRODUCT LAUNCHES                 302

TABLE 331            POWERTECH LABS: EXPANSIONS             303

TABLE 332            RESATO HYDROGEN TECHNOLOGY: COMPANY OVERVIEW          304

TABLE 333            RESATO HYDROGEN TECHNOLOGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    304

TABLE 334            RESATO HYDROGEN TECHNOLOGY: DEALS                 305

TABLE 335            RESATO HYDROGEN TECHNOLOGY: EXPANSIONS     306

TABLE 336            GALILEO TECHNOLOGIES: COMPANY OVERVIEW          308

TABLE 337            NIKOLA CORPORATION: COMPANY OVERVIEW                 309

TABLE 338            HUMBLE HYDROGEN: COMPANY OVERVIEW                 309

TABLE 339            ATAWEY: COMPANY OVERVIEW                310

TABLE 340            ONEH2: COMPANY OVERVIEW  310

TABLE 341            CHINA PETROCHEMICAL CORPORATION: COMPANY OVERVIEW   311

TABLE 342            VIRYA ENERGY: COMPANY OVERVIEW  312

TABLE 343            NUVERA FUEL CELLS, LLC: COMPANY OVERVIEW          312

TABLE 344            ANGI ENERGY SYSTEMS, INC.: COMPANY OVERVIEW          313

LIST OF FIGURES

FIGURE 1              HYDROGEN FUELING STATION MARKET SEGMENTATION AND REGIONAL SCOPE              30

FIGURE 2              HYDROGEN FUELING STATION MARKET: DURATION CONSIDERED            32

FIGURE 3              HYDROGEN FUELING STATION MARKET: RESEARCH DESIGN         35

FIGURE 4              DATA CAPTURED FROM SECONDARY SOURCES                 37

FIGURE 5              CORE FINDINGS FROM INDUSTRY EXPERTS                 38

FIGURE 6              BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION,

AND REGION     39

FIGURE 7              HYDROGEN FUELING STATION MARKET: DATA TRIANGULATION             40

FIGURE 8              HYDROGEN FUELING STATION MARKET: BOTTOM-UP APPROACH              41

FIGURE 9              HYDROGEN FUELING STATION MARKET: TOP-DOWN APPROACH          42

FIGURE 10            KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR

HYDROGEN FUELING STATIONS              42

FIGURE 11            KEY METRICS CONSIDERED TO ASSESS SUPPLY OF

HYDROGEN FUELING STATIONS              44

FIGURE 12            HYDROGEN FUELING STATION MARKET: INDUSTRY CONCENTRATION, 2024          45

FIGURE 13            HYDROGEN FUELING STATION MARKET: SUPPLY-SIDE ANALYSIS                 45

FIGURE 14            HYDROGEN FUELING STATION MARKET: RESEARCH LIMITATIONS             46

FIGURE 15            SMALL-SIZED SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2035 49

FIGURE 16            HIGH PRESSURE SEGMENT TO WITNESS HIGHER CAGR DURING

FORECAST PERIOD         49

FIGURE 17            ON-SITE SEGMENT TO REGISTER HIGHER CAGR BETWEEN 2025 AND 2035               50

FIGURE 18            FIXED SEGMENT TO RECORD HIGHER CAGR FROM 2025 TO 2035          50

FIGURE 19            COMPONENTS SEGMENT TO CAPTURE LARGER MARKET SHARE IN 2025 51

FIGURE 20            ASIA PACIFIC CAPTURED LARGEST SHARE OF HYDROGEN FUELING STATION MARKET IN 2024               51

FIGURE 21            RISING ADOPTION OF FUEL CELL VEHICLES AND SUPPORTIVE GOVERNMENT INITIATIVES TO DRIVE HYDROGEN FUELING STATION MARKET              53

FIGURE 22            EUROPE TO RECORD HIGHEST CAGR BETWEEN 2025 AND 2035    54

FIGURE 23            ON-SITE SEGMENT TO HOLD LARGER MARKET SHARE IN 2035   54

FIGURE 24            HIGH SEGMENT TO CAPTURE LARGER SHARE OF HYDROGEN FUELING STATION MARKET IN 2035        55

FIGURE 25            SMALL-SIZED SEGMENT TO CAPTURE LARGEST SHARE OF HYDROGEN FUELING STATION MARKET IN 2035                 55

FIGURE 26            COMPONENTS SEGMENT TO HOLD LARGER MARKET SHARE IN 2035 56

FIGURE 27            FIXED SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2035 56

FIGURE 28            HIGH SEGMENT AND CHINA HELD LARGEST SHARES OF HYDROGEN FUELING STATION MARKET IN ASIA PACIFIC IN 2024                 57

FIGURE 29            DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    58

FIGURE 30            CUMULATIVE FUEL CELL ELECTRIC VEHICLE (FCEV) SALES, 2018–2025                60

FIGURE 31            GLOBAL STOCK OF PUBLIC CHARGING POINTS, BY REGION, 2020–2024    63

FIGURE 32            TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS   64

FIGURE 33            SUPPLY CHAIN ANALYSIS             64

FIGURE 34            HYDROGEN FUELING STATION ECOSYSTEM                 66

FIGURE 35            MARKET MAPPING          67

FIGURE 36            PATENTS APPLIED AND GRANTED, 2015–2024                 69

FIGURE 37            EXPORT DATA FOR HS CODE 280410-COMPLIANT PRODUCTS FOR

TOP FIVE COUNTRIES, 2022–2024               77

FIGURE 38            IMPORT DATA FOR HS CODE 280410-COMPLIANT PRODUCTS FOR

TOP FIVE COUNTRIES, 2022–2024               78

FIGURE 39            AVERAGE SELLING PRICE TREND FOR INSTALLATIONS OF HYDROGEN

FUELING STATIONS, BY REGION, 2020–2024         79

FIGURE 40            PORTER’S FIVE FORCES ANALYSIS           84

FIGURE 41            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY SOLUTION               86

FIGURE 42            KEY BUYING CRITERIA, BY SOLUTION   87

FIGURE 43            INVESTMENT AND FUNDING SCENARIO                 88

FIGURE 44            IMPACT OF AI/GEN AI ON SUPPLY CHAIN, BY SOLUTION AND REGION              91

FIGURE 45            COMPONENTS SEGMENT CAPTURED LARGER MARKET SHARE IN 2024 98

FIGURE 46            HIGH SEGMENT HELD LARGER SHARE OF HYDROGEN FUELING

STATION MARKET IN 2024            118

FIGURE 47            SMALL-SIZED SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2024             123

FIGURE 48            FIXED SEGMENT ACCOUNTED FOR LARGER MARKET SHARE IN 2024 130

FIGURE 49            OFF-SITE SEGMENT HELD LARGER SHARE OF HYDROGEN FUELING STATION MARKET IN 2024               135

FIGURE 50            EUROPE TO BE FASTEST-GROWING REGION BETWEEN 2025 AND 2035               144

FIGURE 51            ASIA PACIFIC: HYDROGEN FUELING STATION MARKET SNAPSHOT       148

FIGURE 52            EUROPE: HYDROGEN FUELING STATION MARKET SNAPSHOT       166

FIGURE 53            MARKET SHARE ANALYSIS OF COMPANIES OFFERING HYDROGEN

FUELING STATIONS, 2024             220

FIGURE 54            HYDROGEN FUELING STATION MARKET: REVENUE ANALYSIS OF

TOP FOUR PLAYERS, 2020–2024  222

FIGURE 55            COMPANY VALUATION 223

FIGURE 56            FINANCIAL MATRIX (EV/EBITDA)            223

FIGURE 57            BRAND COMPARISON   224

FIGURE 58            HYDROGEN FUELING STATION MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2024       226

FIGURE 59            HYDROGEN FUELING STATION MARKET: COMPANY FOOTPRINT 227

FIGURE 60            HYDROGEN FUELING STATION MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024                 233

FIGURE 61            LINDE PLC: COMPANY SNAPSHOT           243

FIGURE 62            AIR LIQUIDE: COMPANY SNAPSHOT       249

FIGURE 63            AIR PRODUCTS AND CHEMICALS, INC.: COMPANY SNAPSHOT   257

FIGURE 64            NEL: COMPANY SNAPSHOT        262

FIGURE 65            CHART INDUSTRIES: COMPANY SNAPSHOT                 274

FIGURE 66            HYDROGEN REFUELING SOLUTIONS SA: COMPANY SNAPSHOT   278

FIGURE 67            IWATANI CORPORATION: COMPANY SNAPSHOT          283

FIGURE 68            INGERSOLL RAND: COMPANY SNAPSHOT                 286