Hydrogen Technology Testing, Inspection and Certification (TIC) Market by Process (Generation, Storage, Transportation/Distribution), Service Type (Testing, Inspection, Certification), Testing Type, Application and Region - Global Forecast to 2029
Hydrogen Technology TIC Market Size & Share
[252 Pages Report] The global hydrogen technology testing, inspection, and certification (TIC) market is 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 increase in demand for cleaner fuels and the presence of favourable government polices with respect to decarbonising several sectors, increase in development of hydrogen infrastructure like refueling stations, pipelines and storage facilities, increasing inherent risks and strict regulations in hydrogen processes and progression of technologies that would be instrumental in the advancement of green hydrogen are some of the factors that catalyse the growth of hydrogen technology TIC industry constantly.
Hydrogen Technology Testing, Inspection and Certification (TIC) Market Forecast to 2029
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Hydrogen Technology TIC Market Market Dynamics:
Driver: Increasing demand of net zero emission fuels
Hydrogen is viewed as an efficient way of generating ‘clean’ power since many nations and corporations seek to minimize their emissions. Green hydrogen has the potential of improving development of renewable energy sources, making the power system more flexible, and providing long-term energy storage mechanism.
While the current cost is higher than that of grey and blue hydrogen, the cost of green hydrogen is expected to reduce and approximate the cost of grey and blue hydrogen by 2030. In 2023, it makes up only 0. Aims to produce 1% of the overall hydrogen in the world. Nevertheless, constant reduction of the costs of renewable electricity, which constitutes approximately 70% of hydrogen production costs, and development of electrolysis technologies mean that green hydrogen will become one of the best investment in the sphere of clean energy . Of all the industries, oil and gas, large utilities, and industrial sectors such as steel and fertilizers, have espoused green hydrogen as a solution for managing the variability of renewable power sources as well as decarbonizing industries that are hard to abate such as industrial, chemical, and transport sectors. As of now, almost all the hydrogen being used is grey hydrogen, which is approximately 90 Million tons per year (Mtpa). However, this is expected to reduce as the demand for clean hydrogen increases and the costs of green hydrogen continue to drop. Clean hydrogen share in the total hydrogen demand could be 73 – 100% by 2050, amounting 125 – 585 Mtpa, while grey hydrogen could account for only 1 – 50 Mtpa.
Restraint: Impacts of hydrogen projects on water supply and land use
Green hydrogen production calls for high amounts of renewable energy and water to feed electrolyzers which may put pressure on the available land and water resources. Some inexperienced developing nations with scarce energy may harm the social structure by diverting the power and water to green hydrogen schemes; this may jeopardize the energy transformation and destabilize the society.
Electrolysis of water to produce hydrogen is another important process that requires water and approximately one liter of water is required to generate one kilogram of hydrogen. It similarly asserts that a stable and sufficient water supply must be maintained, particularly in arid areas. Desalination of sea water could be used for green hydrogen production but this should not affect water requirements for other purposes like domestic uses or for agricultural purposes.
For example, some countries in the Middle East and North Africa are already experiencing water scarcity for domestic and agricultural purposes which may make it difficult to supply water for the production of hydrogen without regard to other competing uses. Secondly, there is the factor of land usage and management. Although the built area of electrolysis plants is small, the renewable energy systems supporting them demand considerable land. Such processes might change the land usage for social and ecological parameters. The analysis and proper selection of locations should be considered in order to use these territories for the implementation of green hydrogen projects according to the principles of the United Nations Sustainable Development Goals.
Opportunity: Emergence of hydrogen fuel cells for the automotive sector
Hydrogen is projected to be adopted in the near future in such sectors as heavy duty vehicles including trucks and buses through a hydrogen fuel cell system for transportation sectors. This market is one where hydrogen and hydrogen fuel cells are to make its significant contribution. Thus, while battery electric vehicles have many advantages over BEVs, hydrogen fuel cell electric vehicles offer their drivers more immediate refueling times and longer distances.
Public transportation FCEV buses are already existing in places such as Japan and even the costs of manufacturing these vehicles are steadily declining and are expected to decline steeper as more and more vehicles are produced. Currently hydrogen fuel cell trucks are not very common but forecasts have predicted that they will be around in the coming years. Same also applies to such markets like that of taxis whereby frequent refueling can be very costly and therefore FCEVS have an added advantage over BEVS. This will lead to the creation of reputable hydrogen fuelling stations to accommodate these vehicles. Conversely, low-carbon hydrogen does significantly cut emissions in other industries like the rail, marine transport, and aviation industries.
Challenge: High hydrogen generation, storage, and transportation costs
Creating a hydrogen low-carbon system is extremely challenging because there is no clean hydrogen value chain, while fossil fuels are currently dominating the market, and the number of pilot projects of low-carbon hydrogen is limited.
A global market for clean hydrogen must first be developed, and this requires establishing completely new value chains; key issues here include the absence of a hydrogen infrastructure that enables the self-propelled use of fuel cell vehicles. Challenges like hydrogen transport and storage, and the fact that on-site production is very costly are contentious. However, because hydrogen is abundant in the universe, cost can fluctuate significantly depending on how it is developed.
The cost structures of types like black, gray, blue, and green hydrogen vary greatly, with green hydrogen, which is critical for attaining Net Zero targets around the globe, being the most expensive due to costs accrued on electrolyzers and renewable power resources.
Hydrogen technology TIC market Ecosystem
Prominent companies in this market include well-established TIC service providers offering services for energy & power sector. These companies have been operating in the market for several years and possess a diversified service portfolio, state-of-the-art technologies, and strong global sales and marketing networks.
Prominent companies in this market include 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).
Hydrogen Technology TIC Market Segmentation
By Generation, Gray hydrogen is anticipated to maintain its position as the largest segment by generation type throughout the forecast period.
This report segments the hydrogen market based on sector into three subsegments: generation type for storing and transporting. The generation type segment is further sub-divided in the gray, blue and green hydrogen.
The segments for hydrogen consumption are based on the type of hydrogen produced, namely brown, gray, green, and blue hydrogen. Pricing natural gas is comparatively cheaper or low-cost and this is a main reason why grey hydrogen is produced. Natural gas is a hydrocarbon resource that exists in large quantities across the globe and when the price is low, it can be an economically viable hydrogen feed.
In terms of application, mobility is projected to experience the most rapid growth throughout the forecast period.
This report categorizes the hydrogen market by application into four segments: energy, mobility, chemical & refinery, and others. The "others" segment includes applications in industries such as aerospace and defense. Mobility is anticipated to show the highest growth rate during the forecast period.
Increased investments in fuel cells are expected to propel the hydrogen market forward. Governments and organizations worldwide are offering support, incentives, and funding to foster the development, deployment, and commercialization of hydrogen fuel cells, aligning with efforts to promote clean energy and combat climate change.
During the forecast period Asia Pacific is projected to record highest growth rate of the overall hydrogen technology TIC market.
The Asia-Pacific’s hydrogen TIC market is the largest in the world, driven by rapid industrialization particularly in sectors such as chemicals, manufacturing and energy. The region’s strict regulatory landscape focusing on safety, environmental protection and quality standards boosts the demand for TIC services.
Also, there are sizeable investments in hydrogen infrastructure inclusive of manufacturing, storage and transportation that require stringent testing and observation of international specifications. Similarly, initiatives from governments to promote clean energy and sustainable development also increase the need for TICs services to ensure that hydrogen technologies remain safe and reliable. These put together make Asia Pacific the dominant market for hydrogen TIC services.
Hydrogen Technology Testing, Inspection and Certification (TIC) Market by Region
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Top Hydrogen Technology TIC Companies - Key Market Players
- 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), and
- UL LLC (US) are some of the key players in the hydrogen technology TIC companies.
Hydrogen Technology TIC Market Report Scope
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Report Metric |
Details |
| Estimated Market Size | USD 4.1 billion in 2024 |
| Projected Market Size | USD 9.2 billion by 2029 |
| Growth Rate | CAGR of 17.8% |
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Market Size Availability for Years |
2020–2029 |
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Base Year |
2023 |
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Forecast Period |
2024–2029 |
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Forecast Units |
Value (USD Million/Billion) |
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Segments Covered |
By Process, Service Type, Testing Type, Application, and Region |
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Geographies Covered |
North America, Europe, Asia Pacific, and RoW |
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Companies Covered |
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) are some of the key players in the hydrogen technology TIC market. |
Hydrogen Technology Testing, Inspection and Certification (TIC) Market Highlights
This research report categorizes the hydrogen technology TIC market based process, service type, testing type, application, and region.
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Segment |
Subsegment |
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By Process |
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By Application |
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By Service Type |
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By Testing Type |
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By Region |
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Recent Developments in Hydrogen Technology TIC Industry
- In December 2023, Bureau Veritas and Avance Labs, the accredited I-REC (International Renewable Energy Certificate) code manager for tracking and certifying attributes related to hydrogen and its derivative fuels and products, have entered into a memorandum of understanding (MoU). This MoU acknowledges their shared interest and the potential benefits of collaborating in the verification and certification of attributes. Bureau Veritas will serve as the exclusive Assurance Service Provider during the pilot phase of the I-REC (HX) Hydrogen Code.
- In November 2023, DEKRA has been appointed by the Clean Energy Partnership (CEP) to independently test and certify hydrogen refueling stations following ISO 19880-1c standards. This designation makes DEKRA one of the initial testing organizations authorized by CEP for this role. Additionally, DEKRA has established a formal supply agreement with the Center for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW) in Ulm for comprehensive testing services, including acceptance testing, of these refueling stations.
- In September 2023, Intertek, a leading total quality assurance provider, has launched its Hydrogen Assurance platform to deliver comprehensive advisory and assurance solutions for hydrogen-based projects.
- In January 2023, Bureau Veritas has launched a certification scheme dedicated to renewable hydrogen to support the growing renewables sector and accelerate the energy transition. The scheme aims to ensure that hydrogen is produced under safe and sustainable practices, and from renewable energy sources.
Frequently Asked Questions (FAQs):
Which are the major companies in the hydrogen technology TIC market? What are their major strategies to strengthen their market presence?
The major companies in the testing, inspection, and certification market are – 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), and UL LLC (US). Each player have expansive service portfolios, focuses strategic merger & acquisitions, and a drive for innovation. They compete by diversifying offerings, targeting emerging markets, investing in digitalization and sustainability solutions, while focusing on expertise in key sectors like energy & power. Adapting to client needs and embracing innovation remain crucial for success in this dynamic market.
Which application of hydrogen technology TIC market is likely to have greatest impact in coming years?
Hydrogen technology in mobility has most serious consequences on the TIC market for some major causes: advances in hydrogen fuel cell technology are rapidly bringing it closer to reality, thus driving up its demand which at the same time makes it obligatory to offer a precise compliance of strict safety and regulations. Governments worldwide subsidize zero emission vehicles as well as have environmentally stringent policies implying that they technically necessitate robust examination and certification of hydrogen infrastructure and vehicles. Another driver is extensive development of hydrogen refueling infrastructure globally which needs thoroughgoing TIC verification to ensure operational security and efficiency. So, environmental sustainability and pressure for reduced carbon emissions are key motivators behind adoption of hydrogen technology in the mobility sector augmenting even much more the scope and influence of the TIC market.
How green hydrogen is likely to drive market growth in coming years?
Green hydrogen is expected to accelerate expansion of the hydrogen sector with a carbon-free and renewable option to traditional fossil fuel-based production of hydrogen. Generated by the electrolysis, with power sourced from renewable sources such as wind and solar - green hydrogen meets the critical requirement to decarbonize various industries. With every innovation that lowers the cost of production and increases efficiency, green hydrogen gets much more competitive in terms of pricing. In addition, the adoption of clean energy is motivated by government policies and incentives to reduce costs and spill over to social benefits and investment in infrastructure to promote clean energy in the heavy, transport, storage and other sectors. It supports the goals of global climate but it will lay a way for the emergence of new economic opportunities and innovative ways in renewable energy technologies.
What are the drivers and opportunities for the hydrogen technology TIC market?
Several factors which are driving the growth of the market are also discussed along with potential opportunities in the market. Demand for testing, inspection, and certification is driven by the need to adhere to safety and quality standards in hydrogen infrastructure and technologies governed by strict regulatory frameworks Hydrogen production, storage and usage has to be extensively tested for efficiency and safety due to technological advancements. Hydrogen infrastructure in the transportation sectors is a relevant area for TIC providers to help monitor compliance with international standards due to its prominent extent of development. Moreover, The global demand for TIC services is underpinned by wider investment in sustainable future cities and green infrastructure projects around the world as well as the rising popularity of Green hydrogen, creating additional requirements to prove environmental credentials which will help to drive demand for testing inspection and certification of environmental standards that promote sustainability in energy. Collectively, the hydrogen TIC market points a hopeful way for growth and new tech and avenues.
What are the restraints and challenges for the hydrogen technology TIC market?
Though there is a possibility of further growth, the market still order to face several impediments and challenges. The problem is that TIC services are very expensive, especially when it comes to verifying new technologies in the area hydrogen and ensuring compliance with changing regulatory standards. Hydrogen production methods and variability, storage solutions, and infrastructure requirements are complex as well as variable, which can make it difficult for TIC providers to keep the testing protocol universals and certifications steady. In parallel, the embryonic nature of hydrogen uptake in multiple locations an opportunity range mismatch and standardised policy frameworks result in a weak maturity in markets together with ambiguities for the major players and investing actors. In addition, the necessity of experienced human resource and facilities, which are hydrogen specific to test adds complexity to service delivery mechanism as well as scalability. Addressing these challenges will be crucial for unlocking the full potential of the hydrogen TIC market and supporting sustainable growth in the hydrogen economy.
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The study involved four major activities in estimating the size of the hydrogen technology TIC market. Exhaustive secondary research has been carried out to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.
Secondary Research
Revenues of companies offering hydrogen technology TIC services have been obtained from the secondary data available through paid and unpaid sources. The revenues have also been derived by analyzing the product portfolio of key companies, and these companies have been rated according to the performance and quality of their products.
In the secondary research process, various sources have been referred to for identifying and collecting information for this study on the hydrogen technology TIC market. Secondary sources considered for this research study include government sources, corporate filings, and trade, business, and professional associations. Secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated through primary research.
Secondary research has been mainly used to obtain key information about the supply chain of hydrogen technology TIC systems to identify key players based on their products and prevailing industry trends in the hydrogen technology TIC market by processor, type, application, end-user, and region. Secondary research also helped obtain market information- and technology-oriented key developments undertaken by market players to expand their presence and increase their market share.
Primary Research
Extensive primary research has been conducted after understanding and analyzing the current scenario of the hydrogen technology TIC market through secondary research. Several primary interviews have been conducted with the key opinion leaders from the demand and supply sides across four main regions—North America, Europe, Asia Pacific, and the Rest of Europe. Approximately 25% of the primary interviews were conducted with the demand-side respondents, while approximately 75% were conducted with the supply-side respondents. The primary data has been collected through questionnaires, emails, and telephone interviews.
After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:
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Market Size Estimation
The bottom-up procedure has been employed to arrive at the overall size of the hydrogen technology TIC market.
- More than 25 companies offering testing, inspection, and certification services for hydrogen technology have been identified, and their services have been mapped based on service type, application, and region.
- The global hydrogen technology TIC market size has been derived through the data sanity method. The revenues of hydrogen technology TIC service providers have been analyzed through annual reports and press releases and summed up to derive the overall market size.
- For each company, a percentage has been assigned to the overall revenue to derive the revenues from the hydrogen technology testing, inspection, and certification segment.
- Each company's percentage has been assigned after analyzing various factors, including service offerings, geographic presence, initiatives, and recent developments/strategies adopted for growth in the hydrogen technology TIC market.
- For the CAGR, the market trend analysis of hydrogen testing, inspection, and certification was conducted by understanding the industry penetration rate and the demand for the supply of hydrogen testing, inspection, and certification services in different sectors.
- Estimates at every level were verified and validated by discussing with key opinion leaders, including CXOs, directors, operation managers, and domain experts in MarketsandMarkets.
- Various paid and unpaid information sources, such as annual reports, press releases, white papers, and databases, have been studied.
The top-down approach has been used to estimate and validate the total size of the hydrogen technology TIC market.
- The report focused on top-line investments and expenditures in the ecosystems of various industries. The hydrogen technology TIC market has been further segmented based on process, testing, type, service type, and application.
- Further information has been derived from the market revenue generated by the key hydrogen testing, inspection, and certification service providers.
- Multiple on-field discussions have been carried out with key opinion leaders from each major company involved in providing hydrogen technology TIC services.
- The geographic splits have been estimated using secondary sources based on various factors such as the number of players in a specific country, region, and major applications.
Data Triangulation
After arriving at the overall market size-using the market size estimation processes as explained above-the market has been split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from the demand and supply sides in the hydrogen technology TIC market.
Market Definition
The hydrogen technology testing, inspection, and certification (TIC) market focuses on ensuring the safety, performance, and efficiency of various aspects of the hydrogen value chain. This market encompasses the testing, inspection, and certification of hydrogen technology components related to generation, storage, and transportation. In terms of hydrogen technology, the focus is on evaluating the processes involved in generating hydrogen, such as electrolysis and steam methane reforming, to assess efficiency and environmental impact. Storage methods like compressed gas, liquefied hydrogen, and chemical carriers are tested for effectiveness and safety. Transportation methods, including pipelines, trucks, and ships, undergo testing to ensure safety, efficiency, and infrastructure integrity. The services provided in this market, including testing, inspection, and certification, are crucial for maintaining the safe and reliable operation of hydrogen technologies. Testing involves assessing equipment performance and safety through various tests, while inspection visually identifies defects or hazards. Certification verifies compliance with safety and performance standards set by regulatory bodies, offering assurance to operators and the public. This market serves a range of stakeholders in the hydrogen industry, including equipment manufacturers, developers, project owners, and regulatory bodies. By ensuring that hydrogen technologies meet stringent safety and performance standards, the hydrogen technology TIC Market plays a pivotal role in promoting the safe and sustainable growth of the hydrogen economy.
Key Stakeholders
- Raw material and testing equipment suppliers
- Research organizations
- Technology standards organizations, forums, alliances, and associations
- Technology investors
- Analysts and strategic business planners
- Government bodies, venture capitalists, and private equity firms
- Manufacturers of fuel cell electric vehicles (FCEVS)
- Government organizations
- Owners of hydrogen charging stations
- Developers and operators of hydrogen fuel pumps
- Manufacturers and suppliers of hydrogen generation equipment
- Developers of hydrogen generation infrastructure
- Institutional investors
- Merchant hydrogen producers
- Methanol producers
- Refinery operators
Report Objectives
- To define, describe, segment, and forecast the hydrogen technology TIC market, process, service type, testing type, and application, in terms of value
- To describe and forecast the market for various segments, with respect to four main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW), in terms of value
- To forecast and compare the market size of pre-recession with that of the post-recession at the regional level
- To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the hydrogen technology TIC market
- To provide a detailed overview of the hydrogen technology TIC market’s supply chain, along with the ecosystem, technology trends, use cases, regulatory environment, and porter’s five forces analysis for the market
- To analyze industry trends, pricing data, patents and innovations, and trade data (export and import data) related to the hydrogen technology TIC.
- To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the total market
- To strategically profile the key players and comprehensively analyze their market share and core competencies2
- To analyze opportunities for stakeholders and provide a detailed competitive landscape of the market
- To analyze competitive developments, such as product launches/developments, collaborations, partnerships, acquisitions, and research & development (R&D) activities, carried out by players in the hydrogen technology TIC market
- To profile key players in the hydrogen technology TIC market and comprehensively analyze their market ranking based on their revenue, market share, and core competencies
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players based on various blocks of the supply chain
Growth opportunities and latent adjacency in Hydrogen Technology Testing, Inspection and Certification (TIC) Market