USD
GBP 
CNY 
EUR 
INR 
JPY 
MYR 
ZAR 
KRW 
THB 
Growth Opportunities in the North American Hydrogen Infrastructure Market for Trucks
Rising Adoption of Hydrogen-based FCEV Trucks Drive Investments in Hydrogen Production and Refueling Stations
18-Oct-2023
North America
Market Research
PF22-01-00-00-00
AU_2023_234
$4,950.00
Special Price $3,712.50 save 25 %
Immense growth opportunities exist in the hydrogen economy, addressing the needs of various industries and markets. There is a growing need for cheap and cleaner hydrogen sources from the manufacturing, power generation, transportation, and chemical industries. Different hydrogen production methods offer different opportunities, with greater emphasis and future advancement toward green hydrogen produced from renewable sources.
Demand for fuel cell trucks will increase gradually in the coming years. Stakeholders view this technology as complementing pure battery electric trucks rather than a competing powertrain. Frost & Sullivan forecasts high-duty (HD) fuel cell electric vehicle (FCEV) trucks in operation to record a 55.3% compound annual growth rate (CAGR) from 2025 to 2035, with 322,294 units in operation by 2035. There are specific niche segments and applications where fuel cell trucks provide a better use case than battery electric vehicles. Along with lower battery weight, fuel cell trucks can provide higher load-carrying ability and miles between refueling. We expect the long-haul share in the HD FCEV truck segment to grow from 60.3% in 2025 to 75% in 2035.
The proliferation of fuel cell trucks will require sufficient hydrogen refueling stations to address their needs. These stations must cater specifically to trucks and require a higher daily hydrogen production capacity than those for passenger cars. This would also create greater demand for storage tanks; compressors; chillers; and, for green hydrogen, electrolyzers. Frost & Sullivan projects the daily hydrogen demand for medium and high-duty FCEV trucks to register a 54.6% CAGR from 2025 to 2035, reaching almost 12,000 tons by 2035. The total number of hydrogen refueling stations will likely grow from 186 in 2025 to 7,210 by 2035.
Frost & Sullivan offers stakeholders insights into this rapidly growing market to enable them to explore and monetize emerging opportunities.
Key Issues Addressed
- Number of Fuel Cell Trucks in operation in North America and forecast?
- Total daily hydrogen demand from M&HD fuel cell trucks in North America in the future ?
- Number of hydrogen refueling stations expected to come in North America catering to trucks by 2035?
- Investment and operation running costs involved in setting up a grey and green hydrogen refueling station in North America?
- Revenue and Internal Rate of Return (IRR) associated with investment in grey and green hydrogen infrastructure?
Author: Marshall Martin
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Hydrogen Infrastructure for Trucks
Growth Opportunities Fuel the Growth Pipeline Engine™
Hydrogen Ecosystem
Hydrogen Production Methods
FCEV Trucks in Operation
Hydrogen Demand of M&HD FCEV Trucks
Hydrogen Refueling Stations
Research Scope
Market Segmentation
FCEV Truck Share by Application
Key Specifications of MD FCEV Trucks
Key Specifications of HD FCEV Trucks
Hydrogen Demand of MD FCEV Trucks
Hydrogen Demand of HD FCEV Trucks
Hydrogen Refueling Station Assumptions
Hydrogen Production Share by Station Size
Depot Hydrogen Refueling Stations
Public Hydrogen Refueling Stations
Hydrogen Refueling Stations
Stages in Hydrogen Refueling
Hydrogen Refueling Station Types and Assumptions
Grey Hydrogen Infrastructure: Investment
Grey Hydrogen Infrastructure: Costs
Grey Hydrogen Infrastructure: Returns
Green Hydrogen Infrastructure: Investment
Green Hydrogen Infrastructure: Costs
Green Hydrogen Infrastructure: Returns
Grey Hydrogen Infrastructure: Investment
Grey Hydrogen Infrastructure: Costs
Grey Hydrogen Infrastructure: Returns
Green Hydrogen Infrastructure: Investment
Green Hydrogen Infrastructure: Costs
Green Hydrogen Infrastructure: Returns
Grey Hydrogen Infrastructure: Investment
Grey Hydrogen Infrastructure: Costs
Grey Hydrogen Infrastructure: Returns
Green Hydrogen Infrastructure: Investment
Green Hydrogen Infrastructure: Costs
Green Hydrogen Infrastructure: Returns
Grey Hydrogen Infrastructure: Investment
Grey Hydrogen Infrastructure: Costs
Grey Hydrogen Infrastructure: Returns
Green Hydrogen Infrastructure: Investment
Green Hydrogen Infrastructure: Costs
Green Hydrogen Infrastructure: Returns
Growth Opportunity 1: Hydrogen Ecosystem Expansion and Diversification
Growth Opportunity 1: Hydrogen Ecosystem Expansion and Diversification (continued)
Growth Opportunity 2: Fuel Cell Truck Demand
Growth Opportunity 2: Fuel Cell Truck Demand (continued)
Growth Opportunity 3: Hydrogen Station Value Chain
Growth Opportunity 3: Hydrogen Station Value Chain (continued)
Abbreviations
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
List of Figures
Speak directly with our analytics experts for tailored recommendations.
Recent related Automotive research
27 Aug 2026 | Global | Market Outlook
Global EV Charging Infrastructure, 2026: Growth Trajectory and Emerging Opportunities
The rapid rise of electric vehicles (EVs) is intensifying the need for a robust, accessible charging infrastructure. Enabled by IoT integration, EVs are becoming a smarter alternative to conventional ICE vehicles. Expanding fast-charging stations along highways and at key destinations is critical to...
26 Aug 2026 | Global | Frost Radar
Frost Radar™: In-Vehicle Video Streaming Middleware Platforms, 2026
The next generation in-vehicle infotainment requires centralized, high-performance computing and dependent on enhanced mobile broadband for high-definition video, massive machine-type communications for multidevice connectivity, and ultrareliable and low-latency communications for real-time interact...
24 Aug 2026 | Global | Frost Radar
Frost Radar™: AI-Powered In-Car Assistants, 2026
This Frost Radar™ benchmarks the leading companies in the AI-powered in-car assistant market. They are spearheading the development of advanced conversational, personalized, and context-aware in-vehicle experiences for original equipment manufacturers and Tier I suppliers. The analysis included a ...
21 Aug 2026 | South Asia, Middle East & North Africa | Market Research
High-Traffic Truck Charging Infrastructure Revenue Opportunities, India, 2026–2041
India’s electric truck charging ecosystem is entering a critical phase of commercialization, with revenue generation and investment returns emerging as key focus areas alongside infrastructure deployment. As medium- and heavy-duty electric trucks scale up, charging infrastructure development acros...
21 Aug 2026 | Global | Technology Research
Growth Opportunities in Next-Gen Audio Processor, LiDAR, Radar, Air Mobility, ADAS and Battery
The Mobility Technology Opportunity Engine (TOE) covers innovations pertaining to Next-Gen Audio Processor, LiDAR, Radar, Air Mobility, ADAS and Battery among others.
The purpose of the Mobility Technology TOE is to raise awareness of global technology innovations in self-propelled ground-bas...
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
Key Issues Addressed
- Number of Fuel Cell Trucks in operation in North America and forecast?
- Total daily hydrogen demand from M&HD fuel cell trucks in North America in the future ?
- Number of hydrogen refueling stations expected to come in North America catering to trucks by 2035?
- Investment and operation running costs involved in setting up a grey and green hydrogen refueling station in North America?
- Revenue and Internal Rate of Return (IRR) associated with investment in grey and green hydrogen infrastructure?
Author: Marshall Martin
| Deliverable Type | Market Research |
|---|---|
| Author | Marshall Martin |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Hydrogen Infrastructure Market Analysis |
| Keyword 2 | Strategic Growth in Hydrogen Economy |
| Keyword 3 | Trucking Industry Innovations |
| List of Charts and Figures | Hydrogen Infrastructure for Trucks: Hydrogen Ecosystem, NA, 2022 Hydrogen Infrastructure for Trucks: FCEV Trucks in Operation, NA, 2025–2035 Hydrogen Infrastructure for Trucks: Hydrogen Demand of M&HD FCEV Trucks, NA, 2025–2035 Hydrogen Infrastructure for Trucks: Refueling Stations, NA, 2025–2035 Hydrogen Infrastructure for Trucks: FCEV Truck Share by Application, NA, 2025–2035 Hydrogen Infrastructure for Trucks: Key Specifications of MD FCEV Trucks, NA, 2022 Hydrogen Infrastructure for Trucks: Key Specifications of HD FCEV Trucks, NA, 2022 Hydrogen Infrastructure for Trucks: Hydrogen Demand of MD FCEV Trucks, NA, 2025–2035 Hydrogen Infrastructure for Trucks: Hydrogen Demand of HD FCEV Trucks, NA, 2025–2035 Hydrogen Infrastructure for Trucks: Refueling Station Assumptions, NA, 2025–2035 Hydrogen Infrastructure for Trucks: Hydrogen Production Share by Station Size, NA, 2025–2035 Hydrogen Infrastructure for Trucks: Depot Refueling Stations, NA, 2025–2035 Hydrogen Infrastructure for Trucks: Public Refueling Stations, NA, 2025–2035 Hydrogen Infrastructure for Trucks: Hydrogen Refueling Stations, NA, 2025–2035 Hydrogen Infrastructure for Trucks: Stages in Hydrogen Refueling, NA, 2022 Hydrogen Infrastructure for Trucks: Refueling Station Types and Assumptions, NA, 2022–2049 Hydrogen Infrastructure for Trucks: Grey Hydrogen Infrastructure Investment, NA, 2022–2036 Hydrogen Infrastructure for Trucks: Grey Hydrogen Infrastructure Costs, NA, 2022–2036 Hydrogen Infrastructure for Trucks: Grey Hydrogen Infrastructure Returns, NA, 2022–2036 Hydrogen Infrastructure for Trucks: Green Hydrogen Infrastructure Investment, NA, 2022–2036 Hydrogen Infrastructure for Trucks: Green Hydrogen Infrastructure Costs, NA, 2022–2036 Hydrogen Infrastructure for Trucks: Green Hydrogen Infrastructure Returns, NA, 2022–2036 Hydrogen Infrastructure for Trucks: Grey Hydrogen Infrastructure Investment, NA, 2025–2039 Hydrogen Infrastructure for Trucks: Grey Hydrogen Infrastructure Costs, NA, 2025–2039 Hydrogen Infrastructure for Trucks: Grey Hydrogen Infrastructure Returns, NA, 2025–2039 Hydrogen Infrastructure for Trucks: Green Hydrogen Infrastructure Investment, NA, 2025–2039 Hydrogen Infrastructure for Trucks: Green Hydrogen Infrastructure Costs, NA, 2025–2039 Hydrogen Infrastructure for Trucks: Green Hydrogen Infrastructure Returns, NA, 2025–2039 Hydrogen Infrastructure for Trucks: Grey Hydrogen Infrastructure Investment, NA, 2030–2044 Hydrogen Infrastructure for Trucks: Grey Hydrogen Infrastructure Costs, NA, 2030–2044 Hydrogen Infrastructure for Trucks: Grey Hydrogen Infrastructure Returns, NA, 2030–2044 Hydrogen Infrastructure for Trucks: Green Hydrogen Infrastructure Investment, NA, 2030–2044 Hydrogen Infrastructure for Trucks: Green Hydrogen Infrastructure Costs, NA, 2030–2044 Hydrogen Infrastructure for Trucks: Green Hydrogen Infrastructure Returns, NA, 2030–2044 Hydrogen Infrastructure for Trucks: Grey Hydrogen Infrastructure Investment, NA, 2035–2049 Hydrogen Infrastructure for Trucks: Grey Hydrogen Infrastructure Costs, NA, 2035–2049 Hydrogen Infrastructure for Trucks: Grey Hydrogen Infrastructure Returns, NA, 2035–2049 Hydrogen Infrastructure for Trucks: Green Hydrogen Infrastructure Investment, NA, 2035–2049 Hydrogen Infrastructure for Trucks: Green Hydrogen Infrastructure Costs, NA, 2035–2049 Hydrogen Infrastructure for Trucks: Green Hydrogen Infrastructure Returns, NA, 2035–2049 |
| Podcast | No |
| WIP Number | PF22-01-00-00-00 |