Hydrogen Technology Testing and Certification Market – Global Forecast To 2029
The global hydrogen technology TIC was valued at USD 4.1 billion in 2024 and is projected to reach USD 9.2 billion by 2029; it is expected to register a CAGR of 17.8% during the forecast period.
世界の水素技術試験、検査、認証（TIC）市場は 2024 年に 41 億米ドルと評価され、2029 年までに 92 億米ドルに達すると予測されています。予測期間中に 17.8% の CAGR を記録すると予想されます。
The growing demand for cleaner fuels, supportive government policies aimed at decarbonizing various sectors, and the expansion of hydrogen infrastructure such as refueling stations, pipelines, and storage facilities are key drivers of the Hydrogen Technology TIC market. Additionally, the inherent risks and strict regulations in hydrogen processes, along with technological advancements crucial for green hydrogen development, are further catalyzing market growth.
Key Benefits to Buy the Report:
- Analysis of key drivers (increasing shift towards low and zero-carbon renewable fuels, Development of low-weight storage tanks for transportation, Government-led initiatives for developing hydrogen econom), restraint (impacts of hydrogen projects on water supply and land use, availability of substitutes ), opportunity (demand of risk management due the risk of high flammability associated with hydrogen, emergence of hydrogen fuel cells for the automotive sector), challenges (high hydrogen generation, storage, and transportation costs, integration of hydrogen into natural gas networks)
- Service Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the hydrogen technology TIC market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the hydrogen technology TIC market across varied regions
- Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the hydrogen technology TIC market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like SGS SA (Switzerland), Bureau Veritas (France), Intertek Group plc (UK), DEKRA (Germany), TÜV SÜD (Germany), DNV GL (Norway), TÜV RHEINLAND (Germany), Applus+ (Spain), TÜV NORD Group (Germany), Element Materials Technology (UK), and UL LLC (US) among others in the hydrogen technology TIC market.