Linde and Ingersoll Rand Recognized as the Market Leaders, Hydrogen Refueling Solutions and Iwatani as Innovators in the “Top 11 Hydrogen Fueling Station Companies, Worldwide 2023” by MarketsandMarkets 360 Quadrant

Published on 08 Dec 2023

Hydrogen fueling stations play a pivotal role in the infrastructure required to support hydrogen fuel cell vehicles, offering a clean and efficient alternative to traditional gasoline-powered vehicles. These stations are designed to dispense hydrogen gas, which is then used as a fuel in hydrogen fuel cell vehicles to generate electricity and power an electric motor. MarketsandMarkets 360 Quadrant has identified the "Top 11 Hydrogen Fueling Station Companies, Worldwide 2023," recognizing the expertise of industry leaders such as Linde, Ingersoll Rand, Hydrogen Refueling Solutions, and Iwatani. This acknowledgment highlights the expertise and commitment of these industry leaders in the field of Hydrogen Fueling Station, setting a new standard for excellence and innovation. As the global landscape continues to evolve, these companies stand at the forefront, driving advancements and shaping the future of hydrogen fueling stations.

The 360 Quadrant maps the Hydrogen Fueling Station companies based on criteria such as revenue, geographic presence, growth strategies, investments, channels of demand, and sales strategies for the market presence of the Hydrogen Fueling Station’s quadrant. While the top criteria for product footprint evaluation included Station Size (Small, Mid-sized, Large), Pressure (Low, High), Supply Type (On-site, Off-site), Station Type (Fixed, Mobile), R&D Expenditure, New Product Launch, and Patents.

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Linde, Ingersoll Rand, Hydrogen Refueling Solutions, and Iwatani – The Leaders Explained

Linde Recognized as a Market Leader Among the "Top 11 Hydrogen Fueling Station Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant.

Linde stands out as a global leader in the hydrogen fueling station market, boasting a strong international presence, strategic partnerships, and a commitment to investing in hydrogen infrastructure worldwide. The company covers the full hardware chain for both liquid (LH2) and gaseous (GH2) hydrogen, with a key focus on the compression process during fueling. Leveraging its global reach, Linde accesses a wide range of markets, and its extensive product portfolio is tailored to diverse applications. As a testament to its excellence, the company was recognized as the "Market Leader" among the "Top 11 Hydrogen Fueling Station Companies."

Featuring the ionic compressor and the cryo-pump, the company proudly presents two cutting-edge, internally developed, and patented technologies in its portfolio. Linde has introduced a fueling station concept specifically designed for liquid hydrogen, with the standout feature of this innovation being the remarkably high energy density of liquid hydrogen (LH2). This quality allows liquid hydrogen to occupy only one seventh of the storage volume required by gaseous hydrogen (GH2). Traditionally, hydrogen is transported to fueling stations in its gaseous state. Linde's proprietary ionic compressor, a custom-developed and patented technology, employs five hydraulic pistons to gradually compress the hydrogen to a pressure of 900 bars, making it suitable for fueling vehicles. Notably, passenger cars necessitate a pressure of 700 bars, while larger vehicles like buses and trains require 350 bars.

In the domain of hydrogen fueling stations, Linde stands as a market leader, seamlessly combining an extensive product portfolio with a formidable market presence. Recognized for delivering comprehensive solutions. The company also holds a firmly established and influential position globally. The company's reputation for reliability, dedication to innovation, and widespread acceptance among customers underscores its leadership qualities. Linde' dominance, evident in both the excellence of its Hydrogen Fueling Station products and its pervasive market influence, firmly establishes it as a leader in the hydrogen fueling station industry.

Ingersoll Rand Recognized as a Market Leader Among the " Top 11 Hydrogen Fueling Station Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant.

Ingersoll Rand has solidified its position as a market leader in hydrogen fueling stations, boasting a global presence and strategic partnerships that contribute to its influence in the industry. Ingersoll Rand has emerged as the “Market Leader” in the “Top 11 Hydrogen Fueling Station Companies” owing to its robust product portfolio and wide geographical presence.

Through its brand Haskel, the company offers Hydrogen fuel stations for hydrogen mobility. The company provides high-pressure industrial gas and liquid handling equipment, with its components deployed in a variety of mission-critical applications. This encompasses the in-house development and construction, both independently and in collaboration with global partners, of hydrogen fueling stations. Haskel's hydrogen refueling solutions ensure a rapid, efficient, and secure filling experience. Dedicated to the development and support of hydrogen infrastructure for global mobility, the company offers design, construction, and maintenance assistance throughout the station's lifecycle. Haskel components have been integral to over 200 hydrogen refueling projects worldwide, servicing a diverse range of hydrogen fuel cell electric vehicles (FCEVs), including cars, trucks, buses, and trains.

Within the domain of Hydrogen Fueling Stations, Ingersoll Rand emerges as a market leader, adeptly integrating a diverse product portfolio with a robust market presence. Renowned for providing comprehensive solutions, the company holds a firmly established and influential global position. The company's reputation for reliability, commitment to innovation, and widespread customer acceptance highlights its leadership attributes. Ingersoll Rand' dominance is evident in the excellence of its Hydrogen Fueling Station products and its pervasive influence in the market, solidifying its position as a leader in the Hydrogen Fueling Station industry.

Hydrogen Refueling Solutions (HRS) Recognized as an Innovator in " Top 11 Hydrogen Fueling Station Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant

HRS has emerged as a dominant force in the hydrogen fueling station market, showcasing an extensive product footprint. With renowned expertise in industrial piping, HRS provides hydrogen refueling solutions to entities in the mobility and energy sectors, as well as regional authorities and industries. Its inclusion in the "Top 11 Hydrogen Fueling Station Companies, Worldwide 2023" reflects its pioneering role in the hydrogen fueling station industry, where its innovative strategies have established it as one of the leaders, leaving a substantial mark on the Hydrogen Fueling Station landscape.

HRS specializes in the design, production, and sale of a comprehensive range of turnkey hydrogen dispensing stations, offering compression, storage, cooling, and hydrogen dispensing modules. The stations are capable of compressing 14 to 80 kg of hydrogen per hour and cater to various heavy, intensive, and light mobility applications at 350 and 700 bars. The stations are adaptable to all hydrogen sources, including electrolyzers, tube trailers, pipelines, and biomass. HRS refueling stations accommodate various gaseous hydrogen sources, such as pressurized storage (cylinder rack, trailers, tanks), electrolyzers, pipelines, and biomass. The stations cater services to diverse mobility applications, including mass-market passenger vehicles, road transport such as heavy-duty vehicles and buses, logistics fleets of forklifts, and sea and rail applications like boats, trains, and port machinery.

HRS stands out as an innovator in the Hydrogen Fueling Station industry, marked by its outstanding product innovation and unique offerings. Although it may not wield the same market presence as some industry leaders, Hydrogen Refueling Solutions disrupts industry norms by introducing cutting-edge solutions. The company's forward-thinking approaches push the boundaries of what is possible in the field, showcasing the potential to become a major player despite adopting more measured corporate growth strategies.

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Iwatani Recognized as an Innovator in " Top 11 Hydrogen Fueling Station Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant

As the one of the fully integrated hydrogen supplier in Japan, Iwatani currently serves its network of light and heavy-duty hydrogen-refueling stations, as well as industrial customers, through a network of five liquid and ten gaseous hydrogen production plants across the country. Its inclusion in the "Top 11 Hydrogen Fueling Station Companies, Worldwide 2023" reflects its pioneering role in the Hydrogen Fueling Station industry, where its innovative strategies have established it as one of the leaders, leaving a substantial mark on the Hydrogen Fueling Station landscape.

Iwatani holds a steering position in the Hydrogen Council, a global initiative comprised of prominent energy, transport, and industry companies sharing a collective vision and long-term goals for hydrogen as a catalyst for the energy transition. In alignment with this commitment, Iwatani is actively involved in the development of hydrogen-refueling stations, aiming to stimulate new demand for hydrogen and facilitate the widespread distribution of Fuel Cell Electric Vehicles (FCEVs). In March 2022, Chevron U.S.A. Inc. (Chevron) and Iwatani Corporation of America (ICA), announced an agreement to co-develop and construct 30 hydrogen fueling sites in California by 2026.

Iwatani stands out as an innovator in the Hydrogen Fueling Station industry, marked by its outstanding product innovation and unique offerings. Although it may not wield the same market presence as some industry leaders, Iwatani disrupts industry norms by introducing cutting-edge solutions. The company's forward-thinking approaches push the boundaries of what is possible in the field, showcasing the potential to become a major player despite adopting more measured corporate growth strategies.

As key players in the Hydrogen Fueling Station sector, Linde, Ingersoll Rand, Hydrogen Refueling Solutions, and Iwatani demonstrate exceptional capabilities that propel them to the forefront. Their sustained commitment to innovation drives industry-wide progress, influencing advancements that shape the entire landscape. Through leveraging cutting-edge R&D capabilities to provide solutions tailored to customer requirements, each manufacturer plays a pivotal role in guiding the global trajectory of technological progress in Hydrogen Fueling Station. Their continued rise positions them to lead the ongoing revolution in this field.

360 Quadrants Scoring Methodology                       

360 Quadrants employs a comprehensive and transparent scoring methodology to evaluate Manufacturers. It identifies relevant evaluation criteria, collects, and validates data from multiple sources, and employs an algorithm that considers parameter weights to generate scores. Normalization ensures fair comparisons and the aggregated scores categorize solutions into quadrants such as Market Leaders, Contenders, Innovators, and Emerging Manufacturers. This unbiased approach equips users with accurate information, empowering them to make well-informed decisions and select solutions that best suit their needs and objectives.

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