WASHINGTON, Jan. 19, 2017 /PRNewswire/ -- Close to 5 thousand hydrogen fueling stations will be deployed globally by 2032, says a report published by Information Trends. At the same time, Audi and Mercedes-Benz are getting ready to rollout fuel cell vehicles on the heels of rollouts of hydrogen-powered vehicles by Toyota, Honda, and Hyundai.
The research report, "Global Market for Hydrogen Fueling Stations," says the deployment of hydrogen stations in major markets is in full swing, solidifying prospects for large-scale consumer adoption fuel cell vehicles. The deployment activity is particularly brisk in Asia, where Japan and Korea are strong proponents of the hydrogen economy.
In Europe, Denmark was the first country to deploy a nationwide hydrogen fueling infrastructure, the report said, but the real charge is being led by Germany, which is establishing 400 hydrogen fueling stations in the next six years. In the U.S., the state of California is aggressively deploying hydrogen stations as part of its efforts to combat greenhouse gas emissions.
"Hydrogen is the fuel of the future," said Naqi Jaffery, the lead author, "and the proliferation of hydrogen stations represents the natural progression from fossil fuels to clean energy." The sums of money being poured in hydrogen station deployments is staggering, mostly raised through public-private partnerships.
While the costs of hydrogen stations are declining, their capacities are increasing. By 2032, hydrogen stations will have aggregate capacity of 3 million kg/day, according to the report. The competition for dominance in the fuel cell vehicle market will be vigorous, triggering significant technological innovations and cost declines.
Until the end of January 2017, Information Trends is offering a 15 percent discount to report buyers. Information Trends has also published a companion report, "Global Market for Hydrogen Fuel Cell Vehicles." Customers may order both reports for additional savings.
About Information Trends™
Information Trends is a reputable market research and advisory services company based in the Washington D.C. metro area. It is headed by market research industry veteran, Naqi Jaffery. The company's website is www.informationtrends.net.
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SOURCE Information Trends