STERLING, Va., Jan. 28, 2021 /PRNewswire/ — The hydrogen fueling station market is witnessing a dramatic acceleration in growth, with 584 hydrogen stations deployed by year-end 2020, according to a study released by Information Trends, a market research company.
The study, “Global Market for Hydrogen Fueling 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.
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.
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 more than a hundred hydrogen stations have gone into operation.
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 200+ page study is based on extensive research spanning several months. It provides a comprehensive analysis of hydrogen station deployments.
In addition to the study, Information Trends has put together a comprehensive database of hydrogen stations globally.
About Information Trends
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 research and advisory services to meet its clients’ ongoing needs for actionable market intelligence.
SOURCE Information Trends