Global Hydrogen Fueling Station Market 2022-2027

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    GLOBAL HYDROGEN FUELING STATION MARKET

    INTRODUCTION

    Hydrogen or Fuel cell cars provide a practical alternative to zero emission mobility as compared to battery electric vehicles (BEV) as they eliminate range anxiety to a considerable extent. The refuelling times for a hydrogen car is just 3-5 minutes compared to hours for a BEV.

     

    infographic: hydrogen fueling station market, Hydrogen Fueling Station Market Size, Hydrogen Fueling Station Market trends and forecast,Hydrogen Fueling Station Market Risks, Hydrogen Fueling Station Market report

     

    But, the problem is the price and availability of hydrogen.  In California, US where Toyota has invested quite a lot to build H2 infrastructure it costs $14-$15 per kg which is simply 6X more than gas prices per gallon after COVID pandemic. On similar energy output comparison, the H2 price premium works out to be 3X of gas prices.

     

    GLOBAL HYDROGEN FUELING STATION MARKET DYNAMICS

     

    Sr. No. Timeline Company Updates
    1 October 2021 Air Liquide and Faurecia Air Liquide and Faurecia announced the signature of a joint development agreement to design and produce on-board liquid hydrogen storage systems for the automotive industry. Through this technology partnership, the two companies will accelerate the deployment of zero-emission heavy-duty mobility.
    2 October 2021 Burckhardt Compression & Shell New Energies Burckhardt Compression and Shell New Energies partnered for non-lube high-pressure hydrogen compressor development. As part of this project, Burckhardt Compression will build a new test facility in Winterthur, Switzerland, dedicated to the advancement of sealing technologies and solutions for hydrogen refuelling stations serving heavy-duty vehicles.
    3 September 2021 Airbus, Air Liquide & VINCI Airports Airbus, Air Liquide and VINCI Airports joined hands to promote the use of hydrogen at airports and build the European airport network to accommodate future hydrogen aircraft.
    4 September 2021 Air Products & Baker Hughes Air Products and Baker Hughes announced a strategic global collaboration to develop next-generation hydrogen compression to lower the cost of production and accelerate the adoption of hydrogen as a zero-carbon fuel.
    5 March 2021 Hyundai Motor Co. & Shell Hyundai Motor Co. signed a new five-year Global Business Cooperation Agreement with Shell on Clean Energy Solutions including Hydrogen Stations
    6 February 2021 Air Liquide & Siemens Energy Air Liquide and Siemens Energy signed an MoU with the objective to combine their expertise in PEM (Proton Exchange Membrane) electrolysis technology.

     

     

    Hydrogen prices for consumers are highly dependent on number of existing refueling stations daily utilization and sales per day/month.

     

    The prohibitive cost of setting up a Hydrogen fueling station is a major market restraint, at the moment, it costs more than $1-1.5 Million to build just one station and creating a network of such stations will certainly take time.

     

    Cylinders are at the heart of the delivery of hydrogen as a vehicle fuel, comprising ~40% of the overall cost of a hydrogen refuelling station. As demand for H2 fueling station increases further there has been a proportionate increase in demand for Type 1 seamless steel cylinders.

     

    In US, California is the only state in the continental U.S. where a fuel cell car can be purchased and fewer than 9,000 are on the road compared to 730,000 Plug in EVs. California Energy Commission has sanctioned $39.1 Million to help construct 36 new hydrogen fuelling stations across the state.

     

    In U.K., the North West Hydrogen Alliance (NWHA) has asked to expedite a UK Hydrogen Strategy to be developed to co-ordinate development and funding of hydrogen projects across the country, and drive economic recovery post COVID.

     

    In Canada, Province of British Columbia has approved $10 Million funding to construct 10 fuelling stations. It already has three public H2 station with three more under construction.

     

    CHINA HYDROGEN FUELING STATION MARKET

    China`s government has been actively promoting sales of long range EVs since 2015 but post COVID, the market has failed to pick up after sales declined YOY in 2019.

     

    With only 64 hydrogen stations across the country, China is not a leading player in global hydrogen  fueling station development, and has so far lagged behind in policy development. Therefore, China’s government will soon be rolling out a new package of hydrogen fuel cell policies to help provide support to the use of renewable H2 power in the country.

     

    China Petroleum and Chemical Corp (Sinopec) has been pushing for research and development of hydrogen facilities in recent years and produced more than 3 million tons of hydrogen in 2019.

     

    GLOBAL HYDROGEN FUELING STATION MARKET SIZE AND FORECAST

     

    The global hydrogen fueling station market is estimated at $XX Million in 2021 growing at –% CAGR till 2027

     

     

    RECENT PARTNERSHIPS IN GLOBAL HYDROGEN FUELING STATION MARKET


    Chevron U.S.A. Inc. (Chevron), a subsidiary of Chevron Corporation, and Iwatani Corporation of America (ICA), a wholly owned subsidiary of Iwatani Corporation, have announced a collaboration to develop and build 30 hydrogen filling stations in California.

     

    Chevron will fund the building of the sites, which will be located at Chevron-branded retail stores around the state, as part of the arrangement. The stations will first fuel light-duty cars, but they will eventually be able to handle heavy-duty vehicles. Iwatani will run and maintain the hydrogen fuelling stations, as well as providing hydrogen supply and logistics.

     

    Chevron intends to supply a part of the filling stations with excess hydrogen production capacity from its Richmond Refinery and future hydrogen production from Northern California pilot projects.

     

    RECENT LAUNCH IN THE HYDROGEN FUELING STATION MARKET

    The energy storage and clean fuel firm is thrilled to launch  the opening of its first public access hydrogen refuelling station, supported by InnovateUK, today at the Advanced Manufacturing Park, just off the M1, Junction 33 in South Yorkshire. InnovateUK-funded ITM Power opens a new hydrogen refuelling station at the Advanced Manufacturing Park in South Yorkshire.

     

    Hyundai, Toyota, and Honda will all be on hand to support the event by showing off their fuel cell electric vehicles (FCEV). The autos will also be available for delegates to ‘ride and drive. The station, which has received funding from Innovate UK, now provides hydrogen gas at a pressure of 350 bar.

     

    Hydrogen is currently transferred as a gas to fuelling stations. Linde’s revolutionary ionic compressor employs five hydraulic pistons to gradually compress hydrogen to 900 bar pressure, allowing it to be used as a vehicle fuel. 

     

    Passenger cars require a gas pressure of 700 bar, while bigger vehicles such as buses and trains require a pressure of 350 bar.

     

    Linde also offers a refuelling approach that allows hydrogen to be stored as a liquid in addition to compressed gas fueling. Liquid hydrogen has a substantially higher energy density than gaseous hydrogen. 

     

    One liquid hydrogen tanker has the same amount of energy as seven gas tankers. This is due to the fact that liquid hydrogen (LH2) occupies one-seventh of the volume of hydrogen in its gaseous state (GH2). 

     

    This makes LH2 an especially appealing option for highly populated locations where space for new or expanded fuelling stations is restricted. Linde designed its CP90 and CP50 cryopumps for LH2 filling stations against this backdrop.

     

    COMPETITIVE LANDSCAPE

    Sr. No. Timeline Company Sales
    1 Q3-2021 Air Product Air Product’s GAAP EPS of $2.36 was up by 17 percent as compared to the previous year. The GAAP net income was of $532 million, up by 16 percent in comparison to last year.
    2 Q3-2021 Air Liquide Air Liquide’s revenue in the third quarter amounted to 5.8 billion euros ($6.56 B), i.e. +17.2% as published illustrating Group’s strong positioning on its markets and the robustness of its business model, in the context of a strong surge in energy prices.
    3 Q3-2021 FuelCell Energy FuelCell Energy’s revenues from the third quarter were of $26.8 million compared to $18.7 million the previous year and gross profit of $1.1 million compared to gross loss of $(3.1) million.

     

    The major players in the hydrogen fuelling station market are primarily fuel and energy companies who are expanding coverage from gas/Diesel to electric charging and now also to hydrogen.

     

    France based Air Liquide has invested a few hundred $Million in the hydrogen economy in US and Europe. Netherlands based Shell was awarded $40.8m, subject to formal approval, by California Energy Commission regulators to expand the hydrogen refuelling network in California.

     

    There are various new use cases for H2 fuel emerging now. For example, Hyundai and GRZ Technology have been cooperating in hydrogen storage technology since last year. Using Hyundai’s fuel cell system, GRZ technology plans to produce a stationary power supply system to be used for building electricity at peak time.

     

    Similarly, in Sep 2020, ABB and Hydrogen Optimized signed a Memorandum of Understanding (MoU) to explore the development of large-scale green hydrogen production systems connected to the electrical grid.

     

    COMPANY PROFILE

    1. Air Liquide
    2. Shell Global
    3. True Zero
    4. China Petroleum and Chemical Corp (Sinopec)
    5. Hydrogenics
    6. Air Products 
    7. FuelCell Energy

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. Market Size and Forecast (2022-2027), Units and $M
    2. Market split by region, end use segment and range
    3. Market share of leading vendors, 2022
    4. COVID impact on hydrogen fueling station market and suppliers` earnings
    5. Hydrogen fueling station technology trends
    1 Market Segmentation 3
    2 Executive Summary 5-6
    3 Introduction 7-10
    4 Market Size ,Dynamics and Forecast By Sub-Components 11-19
    5 Market Size ,Dynamics and Forecast By Geography 20-35
    6 Market Size ,Dynamics and Forecast By Power output 36-44
    7 Competitive Landscape 45-49
    8 Company Profiles 50-72
    9 Unmet needs and Market Opportunity for suppliers 73-74
    10 Conclusion 75-76
    11 Appendix 77-80
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