This report carries out an in-depth analysis of the hydrogen fueling stations emerging market which is poised for growth. Close to five thousand hydrogen fueling stations will be deployed globally by 2032. The deployment of these stations in major markets is in full swing, solidifying prospects for large-scale consumer adoption fuel cell vehicles. The deployment activity is particularly brisk in Asia-Pacific, where Japan and Korea are strong proponents of the hydrogen economy.
In EMEA, Denmark was the first country to deploy a nationwide hydrogen fueling infrastructure, but the real charge for hydrogen station deployments is being led by Germany, which is establishing 400 hydrogen fueling stations by 2023. In the U.S., the state of California is aggressively deploying hydrogen stations.
Hydrogen is the fuel of the future, and the proliferation of hydrogen stations represents the natural progression from fossil fuels to clean energy. Hydrogen driven transportation will immensely help in combating greenhouse gas emissions. The sums of money being poured into hydrogen station deployments are staggering, mostly raised through public-private partnerships.
While the costs of hydrogen stations are declining, their capacities are increasing. By 2032, hydrogen stations will have an aggregate capacity of three million kg/day. Competition for dominance in the fuel cell vehicle market will be vigorous, triggering significant technological innovations and cost declines.
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