Middle East Hydrogen Fuelling Station Market: Current Analysis and Forecast (2022-2030)
Emphasis on Station Type (Fixed and Mobile), Pressure (Low and High), Application (Passenger and Commercial), By Developer (Private and Public), Region/Country.
The Middle East hydrogen fuelling station market was valued at USD XX million in 2022 & is expected to grow at a CAGR of 57% from 2023-2030. A hydrogen fueling station is a facility that dispenses hydrogen fuel for use in fuel cell electric vehicles (FCEVs). Hydrogen is converted into electricity within the vehicle, producing only water vapor and heat as exhaust. Fueling stations typically consist of a storage tank containing compressed hydrogen gas, a dispenser for filling the vehicle’s fuel tank, and a control system to monitor and manage the fueling process. Furthermore, Hydrogen-powered vehicles have advantages over electric vehicles, where Hydrogen fuel cells can provide longer driving ranges and faster fill-up times than batteries, making them more practical for long-distance travel, this factor is also supporting the innovation and demand for the segment which in turn is driving the demand for the hydrogen refueling stations. Countries are progressing in hydrogen technology and are simultaneously developing the infrastructure as per their future plans in order for rapid adoption of the technology. Middle Eastern countries are no exception, and they are also rapidly catching up with the trend of changing technologies of the world and coherently developing their infrastructure with respect to it, which can also be seen in the hydrogen fueling stations. For instance, in July 2023, Abu Dhabi National Oil Company (ADNOC), announced that the company had begun the construction of the Middle East’s first high-speed hydrogen refueling station. The station will be built in Masdar City and will create clean hydrogen from water.
Some of the major players operating in the market include Saudi Arabian Oil Co.; ENOWA; Linde plc; ADNOC Group; PowerTap; Air Products Inc.; H2-Enterprises Group Inc.; BEEAH Group; Siemens Energy; and Air Liquide
Insights Presented in the Report
Based on the Pressure, the High-Pressure segment held a considerable share of the market in 2022.”
Based on Pressure, the Hydrogen Fuelling Station market is divided into low and high-pressure segments. The High-pressure segment acquired a majority share in the Hydrogen Fuelling Station market and is expected to showcase a substantial growth rate during the forecast period. The high-pressure segment supplies hydrogen at 700 bar and is used for light-duty vehicles. The sale of light-duty vehicles is around 80% whereas the sale of heavy-duty vehicles is around 20%. High sales of passenger low-duty vehicles are acting as a catalyst for the growth of the high-pressure segmentation in the global hydrogen fuelling station during the forecast period.
“Based on the application, the passenger segment held a considerable share of the market in 2022.”
Based on the Application, the Hydrogen fuel station market is divided into passenger and Commercial segments. The Passenger segment acquired a majority share in the Hydrogen Fuelling Station market and is expected to showcase a substantial growth rate during the forecast period. Around 80% of the hydrogen cars sold worldwide are passenger cars. Around 26,000 hydrogen passenger cars were sold in the Asia Pacific region constituting around 60% of the hydrogen passenger vehicles sold globally, followed by North America and then Europe in third place with just 3,556 passenger cars by the end of 2021.
Middle East Hydrogen Fuelling Station Market Report Coverage
“Saudi Arabia and UAE are anticipated to be the fastest growing Middle East hydrogen fuelling station market during the forecasted period.”
The Middle East is undergoing a remarkable transformation in the fields of energy and technology, with Saudi Arabia and the United Arab Emirates (UAE) emerging as the primary players in the segment. The Middle Eastern region has been witnessing significant growth in the hydrogen fueling station market, driven by government initiatives, corporate investments, and emerging growth opportunities. With increasing environmental concerns and the need to reduce reliance on fossil fuels, hydrogen fuel cells have gained prominence as a clean and efficient source of energy. Furthermore, Governments in the Middle East have recognized the importance of developing a robust hydrogen fueling infrastructure to support the transition towards a low-carbon economy. Several countries in the region have launched initiatives aimed at encouraging the deployment of hydrogen fueling stations. For instance, Governments have provided financial incentives to encourage private sector participation in the development of hydrogen fueling stations. The United Arab Emirates (UAE) has announced plans to allocate USD 1.9 billion towards the establishment of 50 hydrogen fueling stations across the country. Furthermore, the Middle East has the potential to become a hub for the emerging hydrogen economy. With abundant solar and wind energy resources, the region could leverage these renewable energies to produce hydrogen, creating a circular economy based on clean energy.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The Middle East hydrogen fuelling station market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Middle East Hydrogen Fuelling Station Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the Middle East hydrogen fuelling station market were the three major steps undertaken to create and analyze the adoption of Middle East hydrogen fuelling stations in major regions of the Middle East. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted with industry experts across the value chain of the Middle East hydrogen fuelling station market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the Middle East hydrogen fuelling station market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Middle East hydrogen fuelling station market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report by station type, by pressure, and by application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Middle East hydrogen fuelling station market. Further, we conducted factor analysis using dependent and independent variables such as station type, pressure, and application. of the Middle East hydrogen fuelling station market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Middle East hydrogen-fuelling station market sector.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Middle East hydrogen fuelling station market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors, including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques, i.e., the top-down/bottom-up approach, were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets of the Middle East. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Middle East hydrogen fuelling station market across the major markets domestically.
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the Middle East hydrogen fuelling station market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Middle East Middle East hydrogen fuelling station market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of propulsion, by drive, by application, and by purchasing option in the Middle East Middle East hydrogen fuelling station market.
The main objective of the Middle East hydrogen fuelling station Market Study
The current & future market trends of the Middle East hydrogen fuelling station market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Middle East hydrogen fuelling station market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
- Segments in the study include areas by station type, pressure, and by application.
- Define and analyze the regulatory framework for the Middle East hydrogen fuelling station
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the Middle East hydrogen fuelling station market for the major region.
- Major countries of regions studied in the report include Saudi Arabia, UAE, Israel, Qatar, Turkey, and Rest of the Middle East.
- Company profiles of the Middle East hydrogen fuelling station market and the growth strategies adopted by the market players to sustain in the fast-growing market.
- Deep dive regional level analysis of the industry
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February 11, 2025
