584 hydrogen fueling stations deployed in 33 countries, says Information Trends
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Deployments bode well for uptake of Fuel Cell Vehicles
Sterling, Virginia ̶ February 1, 2021: The hydrogen fueling station market is witnessing a dramatic acceleration in growth, with 584 public hydrogen stations deployed by year-end 2020, according to a study released by Information Trends, a market research company.
Public hydrogen stations include retail (for light-duty, mostly non-commercial vehicles) and non-retail (for heavy-duty, mostly commercial vehicles). The report does not include private and experimental stations.
The study, “Global Market for Fueling Hydrogen Stations, 2021” says the number of countries that have deployed hydrogen stations now stands at 33, with more countries gearing up to enter the market.
The deployments are a positive sign for the uptake of hydrogen fuel cell vehicles from Hyundai, Toyota, and Honda, said Naqi Jaffery, the President and CEO of Information Trends.
Japan is a clear global leader in deployments with close to 150 hydrogen stations, Mr. Jaffery said, but the fastest growth is in China where hydrogen station deployments have increased from 28 by year-end 2018 to more than 100 by year-end 2020.
As hydrogen fuel cell buses and trucks gain greater market acceptance, hydrogen stations for heavy-duty transportation are increasingly being deployed, Mr. Jaffery said. In the next few years, he added, hydrogen fuel cells will be widely used to drive trains, aircraft, and maritime vessels.
By 2035, the study said, hydrogen stations will blanket most of the United States, Western Europe, China, Japan, and South Korea. The sums of money being poured into hydrogen station deployments are staggering, mostly raised through public-private partnerships.
The study is based on extensive research, and it provides an exhaustive analysis of hydrogen station deployments. In addition to the study, Information Trends has put together a comprehensive database of hydrogen stations globally.
Public hydrogen stations include retail (for light-duty, mostly non-commercial vehicles) and non-retail (for heavy-duty, mostly commercial vehicles). The report does not include private and experimental stations.
The study, “Global Market for Fueling Hydrogen Stations, 2021” says the number of countries that have deployed hydrogen stations now stands at 33, with more countries gearing up to enter the market.
The deployments are a positive sign for the uptake of hydrogen fuel cell vehicles from Hyundai, Toyota, and Honda, said Naqi Jaffery, the President and CEO of Information Trends.
Japan is a clear global leader in deployments with close to 150 hydrogen stations, Mr. Jaffery said, but the fastest growth is in China where hydrogen station deployments have increased from 28 by year-end 2018 to more than 100 by year-end 2020.
As hydrogen fuel cell buses and trucks gain greater market acceptance, hydrogen stations for heavy-duty transportation are increasingly being deployed, Mr. Jaffery said. In the next few years, he added, hydrogen fuel cells will be widely used to drive trains, aircraft, and maritime vessels.
By 2035, the study said, hydrogen stations will blanket most of the United States, Western Europe, China, Japan, and South Korea. The sums of money being poured into hydrogen station deployments are staggering, mostly raised through public-private partnerships.
The study is based on extensive research, and it provides an exhaustive analysis of hydrogen station deployments. In addition to the study, Information Trends has put together a comprehensive database of hydrogen stations globally.
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Information Trends is a reputable market research, consulting, and advisory services firm based in the Washington D.C. metro area. The company publishes in-depth market studies and provides annual subscription services to meet its clients’ ongoing needs for actionable market intelligence.
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