South Korea Hydrogen Fueling Station Market

ID: MRFR/E&P/53735-HCR

200 Pages

Chitranshi Jaiswal

October 2025

South Korea Hydrogen Fueling Station Market Research Report By Station Size (Small Stations, Mid-sized Stations, Large Stations), By Supply Type (Off-site, On-site), By Pressure (High Pressure, Low Pressure), By Station Type (Fixed Hydrogen Stations, Mobile Hydrogen Stations) and By Solution (Engineering Procurement and Construction (EPC), Components) - Forecast to 2035

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Summary Table of Contents Segmentation Download PDF

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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South Korea Hydrogen Fueling Station Market Summary

The South Korea Hydrogen Fueling Station market is projected to grow significantly from 20.8 USD Million in 2024 to 83.2 USD Million by 2035.

Key Market Trends & Highlights

South Korea Hydrogen Fueling Station Key Trends and Highlights

The market is expected to achieve a compound annual growth rate (CAGR) of 13.43% from 2025 to 2035.
By 2035, the market valuation is anticipated to reach 83.2 USD Million, indicating robust growth potential.
In 2024, the market is valued at 20.8 USD Million, reflecting the current investment landscape in hydrogen fueling infrastructure.
Growing adoption of hydrogen fuel technology due to increasing environmental regulations is a major market driver.

South Korea Hydrogen Fueling Station Market

CAGR

13.43%

Market Size & Forecast

2024 Market Size	20.8 (USD Million)
2035 Market Size	83.2 (USD Million)
CAGR (2025-2035)	13.43%

Major Players

Doosan Heavy Industries, ITM Power, Samsung Engineering, Nel ASA, Haskel, POSCO, FuelCell Energy, McPhy Energy, Hygear, SK Innovation, Bloom Energy, Hyundai Motor Company, Alliance Venture Partners, Lotte Chemical, Air Products and Chemicals

South Korea Hydrogen Fueling Station Market Trends

Key market drivers include the nationwide push for green technologies, favorable policies, and investments aimed at reducing greenhouse gas emissions, which align with South Korea's goal of achieving carbon neutrality by 2050. Opportunities to be explored lie in collaboration between public and private sectors, enabling the development of advanced hydrogen infrastructure.Companies are focusing on technological advancements in hydrogen production and storage, which enhances the efficiency of fueling stations. The recent trend has also highlighted an increase in public awareness about environmental sustainability, resulting in a rising demand for cleaner energy solutions like hydrogen.

Additionally, investment in research and development is rising, exploring innovative methods for hydrogen production, including water electrolysis and biomass conversion, which could further bolster the market. Recent initiatives, such as the National Hydrogen Strategy, aim to create a comprehensive ecosystem for hydrogen use and ensure easy access to fueling stations across the country.The South Korean market is also seeing partnerships among automobile manufacturers, energy suppliers, and technology firms, which play a crucial role in expanding the availability and accessibility of hydrogen fueling stations.

This collaborative approach is set to underpin the evolution of the hydrogen fueling landscape in South Korea, making it a pivotal player in the global shift toward sustainable transportation solutions.

Market Segment Insights

South Korea Hydrogen Fueling Station Market Segment Insights

Hydrogen Fueling Station Market Station Size Insights

The South Korea Hydrogen Fueling Station Market has been witnessing significant growth and development, particularly in the Station Size segment, which can be categorized into Small Stations, Mid-sized Stations, and Large Stations. Small Stations have increasingly become important due to their cost-effectiveness and ability to serve localized customer bases, making them an attractive option for urban areas where space is limited.

This segment supports the rising number of hydrogen fuel cell vehicles in metropolitan regions, catering to innovative frameworks for urban mobility.Mid-sized Stations typically bridge the gap between small and large installations, often found at strategic points to optimize fueling efficiency for a growing number of hydrogen vehicles.

These stations are crucial for extending the reach of hydrogen infrastructure and helping urban planners devise more holistic transportation solutions that align with sustainability goals. On the other hand, Large Stations cater to a higher demand and can serve as major hubs for hydrogen fueling, frequently located along highways or in commercial centers.

These installations not only provide extensive fueling capabilities but also have the potential to engage in energy production and distribution, offering solutions that advance the overall hydrogen economy.The increasing private and public sector investments in infrastructure, paired with supportive government policies, are expected to bolster the expansion of these station sizes significantly in the coming years.

Hydrogen Fueling Station Market Supply Type Insights

The South Korea Hydrogen Fueling Station Market is witnessing significant growth, driven by the increasing demand for hydrogen as a clean energy source. The market segmentation based on Supply Type includes Off-site and On-site options, both playing crucial roles in the expansion of hydrogen infrastructure. Off-site fueling stations facilitate large-scale hydrogen production, typically through centralized plants, allowing for broader distribution networks and optimization of supply chains. This model supports the growing fleet of fuel cell vehicles in urban areas, contributing to reduced emissions and improved air quality.

Conversely, On-site fueling stations provide localized hydrogen production, catering to specific consumer needs and enhancing accessibility for hydrogen vehicles. This flexibility is pivotal in meeting the immediate fueling demands of consumers and businesses, particularly in areas with limited infrastructure. The South Korean government's supportive policies and investments in renewable energy technologies further encourage the development of these supply types.

The market's evolution reflects a strategic alignment with South Korea's energy transition goals, contributing to the broader hydrogen economy while addressing sustainability challenges.Overall, both Off-site and On-site supply types are vital to developing a reliable hydrogen-fueling ecosystem and enabling the transition to cleaner transportation solutions.

Hydrogen Fueling Station Market Pressure Insights

The Pressure segment within the South Korea Hydrogen Fueling Station Market plays a crucial role in shaping the infrastructure for hydrogen-powered vehicles in the region. South Korea has made significant strides in hydrogen technology, supported by government initiatives aimed at reducing carbon emissions and promoting sustainable energy sources. The Pressure segment can be broadly categorized into High Pressure and Low Pressure, both crucial in different applications. High Pressure systems are typically preferred for commercial fueling stations due to their efficiency in delivering hydrogen quickly, enabling a higher turnover rate of vehicles.

Conversely, Low Pressure systems are valuable in scenarios where safety and controlled dispensing of hydrogen are prioritized, often found in residential fueling solutions. The rising demand for environmentally friendly transportation solutions and government backing for hydrogen initiatives are key drivers of growth in the South Korea Hydrogen Fueling Station Market. Market trends indicate an increasing emphasis on high-pressure systems to accommodate the growing fleet of hydrogen fuel cell vehicles.

Overall, the Pressure segment presents various growth opportunities, positioning South Korea as a leader in hydrogen fueling technology and infrastructure development.

Hydrogen Fueling Station Market Station Type Insights

The South Korea Hydrogen Fueling Station Market is witnessing a vital evolution with a growing focus on sustainable energy solutions. In terms of Station Type, the market is primarily divided into Fixed Hydrogen Stations and Mobile Hydrogen Stations. Fixed Hydrogen Stations are instrumental in providing a stable infrastructure for refueling hydrogen-powered vehicles, catering to the increasing demand for clean transportation. They are strategically located near major transit routes and urban areas, significantly contributing to the accessibility of hydrogen fuel.

On the other hand, Mobile Hydrogen Stations present a flexible solution, allowing for temporary refueling options and reaching areas where permanent stations may not be economically feasible. This mobility is crucial in South Korea's diverse geographic landscape, enhancing the distribution network for hydrogen fueling. The importance of these segments is emphasized by South Korea's commitment to reducing greenhouse gas emissions and fostering a hydrogen economy, positioning them as significant contributors in achieving national energy goals.

As the market expands, both types will play critical roles in supporting the growth of hydrogen as a mainstream energy source.

Hydrogen Fueling Station Market Solution Insights

The South Korea Hydrogen Fueling Station Market is gaining traction as the country prioritizes hydrogen as a key component of its energy transition strategy. Within the Solution segment, Engineering Procurement and Construction (EPC) plays a pivotal role in the establishment and efficiency of fueling stations, ensuring that infrastructure meets the technical and safety standards required for operational excellence. The EPC segment is characterized by significant investment in advanced technologies, facilitating the rapid deployment of fueling stations across urban and rural areas, which is essential for the widespread adoption of hydrogen vehicles.

The growing interest in renewable energy sources further drives the demand for components related to hydrogen fueling stations, as reliable, high-efficiency components are crucial for the overall functionality and customer acceptance of this technology. As South Korea accelerates its efforts toward achieving carbon neutrality, the focus on innovative solutions within the Components segment is vital, emphasizing durability and performance in extreme conditions.

This transition is influenced by government policies and incentives aimed at promoting hydrogen infrastructure, making the Solution segment a focal point of investment and development, thus fostering growth in the hydrogen fueling ecosystem.

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Key Players and Competitive Insights

The South Korea Hydrogen Fueling Station Market is experiencing significant growth, driven by both governmental policies and the rising interest in sustainable energy solutions. With a strong push towards reducing carbon emissions and transitioning to a hydrogen-based economy, various players within the market are competing to establish a foothold. The competitive landscape is characterized by collaborations between public and private entities, technological advancements in hydrogen production and storage, and a focus on infrastructure development.

As South Korea aims to enhance its hydrogen economy, the dynamics within the hydrogen fueling station sector reveal intriguing insights regarding market entry strategies, product offerings, and competitive advantages.Doosan Heavy Industries has emerged as a noteworthy player in the South Korea Hydrogen Fueling Station Market.

As part of its strategic business portfolio, Doosan focuses on developing hydrogen production and fueling technologies that cater to both commercial and industrial applications. Its strengths lie in its robust engineering capabilities and extensive experience in energy-related projects. By leveraging its local presence and established relationships with government agencies, Doosan is effectively enhancing its market penetration.

The company's ongoing investments in research and development further solidify its position as an innovator within the hydrogen sector, aiming to advance hydrogen fueling infrastructure to meet the growing demands of fuel cell vehicles.In the context of the South Korea Hydrogen Fueling Station Market, ITM Power stands out for its commitment to advancing hydrogen technologies with a specific focus on electrolyzer systems.

The company is recognized for its cutting-edge solutions designed for efficient hydrogen production from renewable energy sources. ITM Power's strengths are reflected in its high-quality offerings that support the development of hydrogen fueling stations and infrastructure. Through strategic partnerships and collaborations within the South Korean market, ITM Power aims to expand its influence and operational capabilities. Additionally, the company has been involved in various mergers and acquisitions, enhancing its technological prowess and market share within South Korea.

This positions ITM Power as a key player in equipping the region for a sustainable hydrogen energy future, driving innovation and supporting national energy goals.

Key Companies in the South Korea Hydrogen Fueling Station Market market include

Industry Developments

The South Korea Hydrogen Fueling Station Market has seen significant developments recently, particularly with companies like Hyundai Motor Company advancing their hydrogen strategies by expanding domestic networks. In August 2023, Doosan Heavy Industries collaborated with Hygear to enhance hydrogen production capabilities, focusing on fueling stations. Meanwhile, Samsung Engineering announced in September 2023 plans for a new facility that will bolster hydrogen infrastructure. Merger and acquisition activities are also noteworthy, with Lotte Chemical acquiring technology from FuelCell Energy to innovate their hydrogen solutions, as announced in June 2023.

The government's commitment to reduce greenhouse gas emissions has led to increased investments in infrastructure, with over 20 new fueling stations planned by the end of 2023. POSCO has also reported growth, increasing its market valuation due to joint ventures aimed at hydrogen production. Overall, the collaborative efforts of key players like Air Products and Chemicals and Nel ASA underline a strong push towards enhancing hydrogen fueling capacity as South Korea aims to become a global leader in hydrogen technology.

Market Segmentation

Outlook

Engineering Procurement and Construction (EPC)
Components

Report Scope

Report Attribute/Metric Source:	Details
MARKET SIZE 2023	17.73(USD Million)
MARKET SIZE 2024	20.8(USD Million)
MARKET SIZE 2035	83.2(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)	13.431% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Million
KEY COMPANIES PROFILED	Doosan Heavy Industries, ITM Power, Samsung Engineering, Nel ASA, Haskel, POSCO, FuelCell Energy, McPhy Energy, Hygear, SK Innovation, Bloom Energy, Hyundai Motor Company, Alliance Venture Partners, Lotte Chemical, Air Products and Chemicals
SEGMENTS COVERED	Station Size, Supply Type, Pressure, Station Type, Solution
KEY MARKET OPPORTUNITIES	Government incentives for infrastructure development, Rising demand for eco-friendly transportation, Expansion of hydrogen production capabilities, Growing partnership between public and private sectors, Increasing investments in renewable energy projects
KEY MARKET DYNAMICS	Government incentives and support, Growing demand for clean energy, Technological advancements in hydrogen production, Expanding infrastructure initiatives, Rising investment from private sector
COUNTRIES COVERED	South Korea

FAQs

What is the expected market size of the South Korea Hydrogen Fueling Station Market in 2024?

The South Korea Hydrogen Fueling Station Market is expected to be valued at 20.8 million USD in 2024.

What will be the projected market size by 2035?

By 2035, the market is projected to reach a value of 83.2 million USD.

What is the expected CAGR for the South Korea Hydrogen Fueling Station Market from 2025 to 2035?

The market is expected to grow at a CAGR of 13.431% from 2025 to 2035.

What is the expected market value of Small Stations in 2035?

The market value for Small Stations is anticipated to be 26.0 million USD in 2035.

What is the projected market size for Mid-sized Stations in 2024?

In 2024, the market size for Mid-sized Stations is valued at 7.5 million USD.

Who are the major players in the South Korea Hydrogen Fueling Station Market?

Key players include Doosan Heavy Industries, ITM Power, and Samsung Engineering among others.

What is the projected market value of Large Stations in 2035?

The market value for Large Stations is expected to reach 27.2 million USD in 2035.

What are the growth drivers for the South Korea Hydrogen Fueling Station Market?

Growth drivers include technological advancements and increased government support for hydrogen initiatives.

What challenges does the South Korea Hydrogen Fueling Station Market face?

Challenges include infrastructure development and high initial investment costs for station setup.

How has the competitive landscape evolved in the South Korea Hydrogen Fueling Station Market recently?

The competitive landscape has become dynamic with the entry of new players and collaborations among existing ones.

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