PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1332647
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1332647
According to SPER Market Research, 'Hydrogen Fueling Station Market Size- By Solution, By Station Size, By Supply Type, By Pressure, By Station Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Hydrogen Fueling Station Market is predicted to reach USD 12.57 billion by 2033 with a CAGR of 35.6%.
The DEF (Dispenser, Equipment, Fuel) hydrogen fueling station is a crucial infrastructure for supporting hydrogen and fuel cell electric vehicles (FCEVs). It stores and dispenses hydrogen, either as a liquid or high-pressure gas, providing a practical and eco-friendly alternative for zero-emission mobility. These stations play a key role in promoting sustainable transportation and reducing carbon emissions globally.
The hydrogen fueling station market was affected by the COVID-19 pandemic, as it led to a reduction in spending on advanced technologies like hydrogen-powered vehicles. Economies in Europe, such as Germany, France, Spain, and Italy, implemented strict measures to control the virus, impacting the demand for fueling stations. Furthermore, a slight decline in fuel cell electric vehicle sales globally added to the challenges.