With 17.8% CAGR, Hydrogen Technology Testing, Inspection and Certification (TIC) Market Growth to Surpass USD 9.2 billion

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. The increasing trend of clean energy, more acceptance and support from the government towards decarbonizing various industries, and growing advancements in hydrogen infrastructure including refueling stations, pipelines as well as storage are some factors that are seen to be pushing the Hydrogen Technology TIC market up continuously. Also, thevolatility in the hydrogen processes and the stringent regulation systems to govern the processes are also add to the inherent risks which serve as the drivers to the market growth. Moreover the technological adoption for green hydrogen also fuels the market.

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Analyzing by generation types, grey hydrogen is expected to dominate the market throughout the forecast period. The generation type segment is divided into several categories which include gray hydrogen, blue hydrogen and green hydrogen. Out of the two types of hydrogen, gray hydrogen is likely to be the biggest market during the course of the forecast timeframe. The effect of natural gas on the production of grey hydrogen is highly influential because it is fairly cheap. Therefore, it can be inferred that when natural gas is cheap, then it will be economically viable to produce hydrogen from this hydrocarbon resource which is prevalent in many locales.

The mobility is expected to be the fastest growing segment in the forecast period. Hydrogen is being gradually more applied for powering vehicles and other means of transportation and transport, as well as other uses such as cars, buses, trucks, trains, ships, and even aircrafts. FCVs operates on hydrogen and oxygen, where the combination produces electricity to drive the electric motor to make the car move. In its application, the sole outcome of the method employed is the formation of water vapor, thus making it an emission-free mode of generation. FCVs enjoys longer driving range and shorter period of time required to refuel as compared to battery electric vehicles (BEVs) for long distances and frequent heavy duty transport. Thanks tobattery electric vehiclessuch drive trains are now available, efficient, and, most importantly, becoming affordable - somethingthat is crucial for fuel cell vehicles. This has brought about rapid advancement in the fuel cell mobility sector so fuel cell vehicles are generally electric vehicles in the sense that they pull their energy from hydrogen.

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The Asia-Pacific region leads the global hydrogen technology TIC market, driven by rapid industrialization in chemicals, manufacturing, and energy sectors. The region's stringent regulations on safety, environmental protection, and quality standards significantly boost TIC service demand. Additionally, substantial investments in hydrogen infrastructure-covering production, storage, and transportation-require rigorous testing and compliance with international standards. Government initiatives promoting clean energy and sustainable development further increase the need for TIC services to ensure hydrogen technology safety and reliability. These factors collectively position the Asia-Pacific region as the dominant market for hydrogen TIC services.

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