Information Trends predicts that the implementation of filling stations for hydrogen fuel cell vehicles will produce $9 billion in revenue by 2036 as hydrogen fuel cell vehicle sales grow. The Asia-Pacific area will generate the largest portion of revenue, followed by Europe.
According to Haani Kambrani, senior research analyst at Information Trends, the costs of hydrogen stations are falling while their capabilities are expanding. These capabilities include enhanced fuelling pressures, fueling capacity, and hydrogen storage capacity.
Ms. Kambrani added that there is a drive to supply these stations with “green” hydrogen, or hydrogen created from renewable energy sources such as solar panels and wind turbines. This tendency is consistent with the global push for carbon-free green energy.
The deployment of hydrogen stations has increased in a number of countries, mainly in Asia-Pacific and Europe, according to the research report. Asia-Pacific nations, including China, Japan, and Korea, have the greatest number of hydrogen stations. Additionally, deployments are increasing in New Zealand and Australia.
According to the report, a number of European nations have welcomed the shift to hydrogen-based transportation, resulting in large hydrogen station deployments across the region. The leaders of the transition are Germany, France, and the United Kingdom. There are more of these stations in the Nordic region than elsewhere.
In addition to passenger vehicles, buses, and trucks, these fuel cell vehicles entering the market also comprise forklifts and rail and air transportation.
The investigation was undertaken by a team of exceptional analysts over the course of several months.