Hydrogen Technology Testing, Inspection, and Certification Market Poised for High Growth owing to Increased Hydrogen Infrastructure Development

The hydrogen technology testing, inspection, and certification market comprises testing and certification services for hydrogen production, storage, transportation, and utilization equipment and infrastructure. Testing services validate design, performance, durability, and safety requirements, while inspection services include periodic assessments during manufacturing and operations. Certification ensures adherence to technical standards and regulatory compliance. The need for hydrogen technologies is propelled by the urgency to decarbonize various sectors and achieve sustainability goals.

The global hydrogen technology testing, inspection, and certification market is estimated to be valued at US$ 6.1 Bn in 2024 and is expected to exhibit a CAGR of 17% over the forecast period 2024-2031. Stringent safety regulations for hydrogen production, storage, transportation are fueling demand for testing, inspection and certification services. Additionally, growing hydrogen infrastructure especially for fuel cell vehicles and power generation is another key factor.

Key Takeaways
Key players operating in the hydrogen technology testing, inspection, and certification market are SGS SA, Bureau Veritas SA, Intertek Group plc, DEKRA SE, TÜV SÜD.

In terms of opportunities, the market is witnessing increased investments in hydrogen hubs and clusters across major economies. Also, production of green hydrogen using renewables is opening new avenues for technology certification.

Globally, Europe dominates the hydrogen technology testing, inspection, and certification market currently. However, Asian economies led by Japan, South Korea and China are aggressively scaling up domestic hydrogen value chains and infrastructure. This is attracting global testing service providers to expand locally and cater to the growing regional demand.

Market Drivers
Stringent safety regulations for hydrogen storage, handling, and transportation require mandatory testing and certification. This is a key driver as it makes certification services an indispensable part of the hydrogen value chain.

Growing momentum for hydrogen economy amid decarbonization goals is propelling investments and projects related to hydrogen production plants, refueling stations, fuel cell vehicles etc. This widespread infrastructure development fuels demand for associated testing, inspection and certification services.

Market Restrain
High costs involved in setting up testing facilities, hiring skilled inspectors and auditors pose challenges, especially for new and small players. This could restrain market penetration in price-sensitive developing markets.

Lack of globally harmonized standards and guidelines across jurisdictions adds complexity for certification bodies to comply with varying regulatory requirements in different regions. This uncertainty acts as a short-term restraint on the market.

Segment Analysis
The hydrogen technology testing, inspection, and certification market is segmented based on technology, end-use industry, and geography. Within technology, the electrolyzers segment dominates due to growing electrolysis-based hydrogen production. Electrolyzers are widely utilized by industries to produce hydrogen for manufacturing processes and transportation fuel through the proton-exchange membrane and alkaline water electrolysis processes.

In terms of end-use industry, the power generation segment holds the highest share as hydrogen is majorly used in power plants for electricity generation through fuel cells or gas turbines. Rapid adoption of hydrogen as an alternative fuel in the transportation sector is boosting the transportation segment. Fuel cell vehicles require high-purity hydrogen, propelling demand for testing, inspection, and certification services in this segment.

Global Analysis
Regionally, Asia Pacific dominates the global market and is expected to witness the fastest growth during the forecast period. This is attributed to the increasing hydrogen production primarily in China, Japan, and South Korea where production increased by 17% between 2018-2020. Governments in these countries are heavily investing in hydrogen infrastructure to reduce carbon emissions. In Europe, Germany accounts for the largest share due to established electrolysis facilities and fuel cells usage. Stringent norms for hydrogen purity and safety are driving the market in regions with an established hydrogen economy.

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What Are The Key Data Covered In This Hydrogen Technology Testing, Inspection, and Certification  Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Hydrogen Technology Testing, Inspection, and Certification 's growth between 2024 and 2031.

:- Accurate calculation of the size of the Hydrogen Technology Testing, Inspection, and Certification  and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- Hydrogen Technology Testing, Inspection, and Certification  Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Hydrogen Technology Testing, Inspection, and Certification  vendors

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it