Global Hydrogen Technology Testing, Inspection, And Certification Market Size To Exceed USD 17.64 Billion By 2033 | CAGR of 17.00%
Category: Information & TechnologyGlobal Hydrogen Technology Testing, Inspection, And Certification Market Size To Exceed USD 17.64 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Hydrogen Technology Testing, Inspection, And Certification Market Size is Expected to Grow from USD 3.67 Billion in 2023 to USD 17.64 Billion by 2033, at a CAGR of 17.00% during the forecast period 2023-2033.
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Browse key industry insights spread across 230 pages with 115 Market data tables and figures & charts from the report on the "Global Hydrogen Technology Testing, Inspection, And Certification Market Size, Share, and COVID-19 Impact Analysis, By Process Generation (Gray Hydrogen, Blue Hydrogen, and Green Hydrogen), By Service Type (Testing, Inspection, and Certification), By Testing Type (Overpressure, Burst, And Flow Testing, Pressure Cycle, Leakage, And Tightness Testing, and Hydrogen Permeation And Compatibility Testing), By Application (Refining & Chemicals, Mobility, Energy, and others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/hydrogen-technology-testing-inspection-and-certification-market
The hydrogen technology testing, inspection, and certification market refers to the industry focused on providing testing, certification, and inspection services for hydrogen technology. These services ensure that systems, products, and parts connected to hydrogen energy meet all safety, quality, and legal standards. The research, application, and commercialization of hydrogen-based technologies, such as hydrogen fuel cells, hydrogen production systems, and storage infrastructure, are substantially aided by this market. The market growth can be driven by the increasing usage of hydrogen as a sustainable energy source is propelling the market for hydrogen technology testing, inspection, and certification to rise quickly. As countries focus on hydrogen technology, strict safety and performance standards are necessary to ensure compliance and stakeholder trust. Digital solutions and other advancements in TIC techniques aid in the market's growth. However, the market growth is hindered by the high expense of testing and certification
The gray hydrogen segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period.
Based on the process generation, the hydrogen technology testing, inspection, and certification market is categorized into gray hydrogen, blue hydrogen, and green hydrogen. Among these, the gray hydrogen segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period. The segmental growth can be attributed to its widespread production of fossil fuels, particularly natural gas. Gray hydrogen, which has a higher carbon footprint than blue and green hydrogen, is currently the most common kind of hydrogen produced. As the demand for more environmentally friendly energy sources grows, blue hydrogen, which reduces emissions through carbon capture and storage, or CCS, has been gaining traction. Green hydrogen, which is produced from renewable energy sources like solar or wind, is the most ecologically responsible option for the future.
The testing segment held the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the service type, the hydrogen technology testing, inspection, and certification market is categorized into testing, inspection, and certification. Among these, the testing segment held the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth can be attributed to the utilization of hydrogen-based systems is growing. To ensure their functionality and safety, extensive testing is essential. Stricter regulations and more R&D efforts are driving the need for comprehensive testing services. This has solidified the testing segment's dominant position in the TIC business.
The hydrogen permeation and compatibility testing segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the testing type, the hydrogen technology testing, inspection, and certification market is categorized into overpressure, burst, and flow testing, pressure cycle, leakage, tightness testing, and hydrogen permeation and compatibility testing. Among these, the hydrogen permeation and compatibility testing segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth can be attributed to the compatibility testing is essential because hydrogen permeation can result in material degradation and safety risks. As the use of hydrogen rises, sophisticated testing solutions must adhere to stringent criteria. This drives the demand for testing services in the hydrogen TIC industry to guarantee safe and efficient operations.
The refining & chemicals segment held the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the application, the hydrogen technology testing, inspection, and certification market is classified into refining & chemicals, mobility, energy, and others. Among these, the refining & chemicals segment held the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth can be attributed to the growing need for rigorous testing and inspection due to the growing demand for hydrogen in the chemical and refining sectors. As hydrogen is used more often in processes like hydrocracking, desulfurization, and chemical synthesis, it is more crucial than ever to ensure safety and compliance. These sectors' focus on sustainable hydrogen use is another factor driving the demand for TIC services. The growing need for testing, inspection, and certification is driving the TIC market's rapid expansion.
North America is anticipated to hold the largest share of the global hydrogen technology testing, inspection, and certification market over the forecast period.
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North America is anticipated to hold the largest share of the global hydrogen technology testing, inspection, and certification market over the forecast period. The region's strong focus on developing a hydrogen economy is supported by initiatives from the governmental and commercial sectors. Important elements include creating networks for hydrogen refueling, setting aside a sizeable sum of money for hydrogen research and development, and partnering to increase the production and usage of hydrogen. Furthermore, the stringent safety laws and standards in North America have reaffirmed the need for extensive testing and certification processes.
Asia Pacific is estimated to grow at the fastest CAGR of the global hydrogen technology testing, inspection, and certification market during the forecast period. It's rapid industrialization and significant expenditures in hydrogen technology. Countries like China, Japan, and South Korea are leading the hydrogen adoption movement because of their ambitious energy transition goals and commitment to reducing greenhouse gas emissions. The expansion is being driven by significant government investment in fuel cell technological advancements and hydrogen infrastructure initiatives, such as production facilities and refueling stations.
Major vendors in the global hydrogen technology testing, inspection, and certification market are Applus+, Bureau Veritas SA, SGS SA, TÜV NORD GROUP, Intertek Group plc, DNV GL, Apave, SGS SA, Kiwa, TWI Ltd., AVL, LRGA Group Limited, and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In January 2024, Baker Hughes Company has established a new Hydrogen Testing Facility to verify its NovaLT industrial turbines for use with hydrogen mixtures up to 100%. The facility has a full-load test bench and total fuel flexibility, with a storage capacity of 2,450 kg and pressures up to 300 bars. This new Hydrogen Testing Facility will serve as a vital focus for Baker Hughes Company's cooperation with clients in the rapidly increasing hydrogen economy.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global hydrogen technology testing, inspection, and certification market based on the below-mentioned segments:
Global Hydrogen Technology Testing, Inspection, And Certification Market, By Process Generation
- Gray Hydrogen
- Blue Hydrogen
- Green Hydrogen
Global Hydrogen Technology Testing, Inspection, And Certification Market, By Service Type
- Testing
- Inspection
- Certification
Global Hydrogen Technology Testing, Inspection, And Certification Market, By Testing Type
- Overpressure
- Burst
- And Flow Testing
- Pressure Cycle
- Leakage
- Tightness Testing
- Hydrogen Permeation
- Compatibility Testing
Global Hydrogen Technology Testing, Inspection, And Certification Market, By Application
- Refining & Chemicals
- Mobility
- Energy
- others
Global Hydrogen Technology Testing, Inspection, And Certification Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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