The study involved major activities in estimating the current size of the hydrogen fueling stations market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.
Secondary Research
Secondary sources referred to for this research study include annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles by recognized authors; and databases of various companies and associations. Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both, market- and technology-oriented perspectives.
Primary Research
In the primary research process, various primary sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include industry experts such as chief executive officers (CEOs), vice presidents (VPs), marketing directors, and related key executives from various companies and organizations operating in the hydrogen fueling station market.
In the complete market engineering process, the top-down and bottom-up approaches, along with several data triangulation methods, were extensively used to perform the market size estimations and forecasts for all segments and subsegments listed in this report. Extensive qualitative and quantitative analyses were conducted to complete the market engineering process and list key information/insights throughout the report. Following is the breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both, the top-down and bottom-up approaches were used to estimate and validate the size of the hydrogen fueling station market. The key players in the market were identified through secondary research, and their market share in the respective regions were obtained through primary and secondary research. The research methodology includes the study of the annual and financial reports of the top market players and interviews with industry experts, such as chief executive officers, vice presidents, directors, sales managers, and marketing executives, for key quantitative and qualitative insights related to the hydrogen fueling station market. The research methodology used to estimate the market size includes the following:
-
Extensive secondary research was used to identify the major players in the industry and market, and their market share was established using both primary and secondary research.
-
Both primary and secondary research methods were used to assess the industry's value chain and market size.
-
All percentage shares, splits, and breakdowns were obtained using secondary sources and validated by primary sources.
Hydrogen Fueling Station Market Size: Top-Down Approach
To know about the assumptions considered for the study, Request for Free Sample Report
Hydrogen Fueling Stations Market Size: Bottom-Up Approach
Data Triangulation
After arriving at the overall market size from the estimation process explained below, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both, the demand and supply sides. Additionally, the market size was validated using the top-down and bottom-up approaches.
Market Definition
A hydrogen fueling station typically consists of a cooling system, a dispenser, and a nozzle. The storage tank may be elevated or buried. Compressors are used to decrease the volume of gaseous hydrogen because the hydrogen refueling process needs high pressure. It is intended to deliver highly pressurized hydrogen to the nozzle so that the car can be refueled with up to 700 bar or 300 bar. Hydrogen warms up as it spreads. Before it approaches the nozzle, the chiller brings the temperature of the hydrogen down to about −40º Celsius.
The hydrogen fueling station market comprises revenues of companies that offer engineering, procurement, and construction services
Key Stakeholders
-
Hydrogen storage tanks and transportation dealers and suppliers
-
Manufacturers of fuel cell electric vehicles
-
Government and research organizations
-
Operators and owners of hydrogen fueling stations
-
Power and energy associations
-
State and national regulatory authorities
-
Research and consulting companies in the clean energy generation sector
-
Organizations, forums, alliances, and associations
-
Industrial authorities and associations
Objectives of the Study
-
To define, describe, segment, and forecast the hydrogen fueling station market size, by station size, supply type, pressure, station type, and solution, in terms of value
-
To forecast the market size across five key regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America, along with the country-level market sizes, in terms of value and volume.
-
To provide detailed information about the key drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the hydrogen fueling station market
-
To strategically analyze the hydrogen fueling station market with respect to individual growth trends, prospects, and contributions of each segment to the market
-
To provide information pertaining to the supply chain, trends/disruptions impacting customer business, ecosystem/market map, pricing of hydrogen fueling stations, and regulatory landscape pertaining to the hydrogen fueling station market
-
To strategically analyze the micromarkets1 with respect to individual growth trends, upcoming expansions, and their contributions to the overall market
-
To analyze opportunities for stakeholders in the hydrogen fueling station market and draw a competitive landscape for market players
-
To benchmark players within the market using the company evaluation quadrant, which analyzes market players on various parameters within the broad categories of business and product strategies
-
To compare key market players with respect to the market share, product specifications, and applications
-
To strategically profile key players and comprehensively analyze their market ranking and core competencies2.
-
To track and analyze competitive developments in the hydrogen fueling station market, such as contracts, agreements, investments, expansions, product launches, alliances, mergers, partnerships, joint ventures, collaborations, and acquisitions
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Product Analysis
-
Product Matrix, which provides a detailed comparison of the product portfolio of each company
Company Information
-
Detailed analyses and profiling of additional market players
Growth opportunities and latent adjacency in Hydrogen Fueling Station Market