Growth Trends in Global Hydrogen Technology TIC Market
Key Ideas
- The Global Hydrogen Technology TIC Market is projected to grow substantially, with an expected value of USD 18.4 Billion by 2034 at a CAGR of 17.5% from 2025.
- Key market players include SGS SA, Bureau Veritas SA, Intertek Group plc, and others, actively contributing to the growth of the industry.
- Regions like North America, Europe, and Asia-Pacific are focusing on different strategies to promote the safe and standardized use of hydrogen systems, including digital infrastructure development and regulatory compliance.
- The industry is witnessing advancements in digital inspections, risk assessments, and compliance with climate goals to drive innovation and value creation in the hydrogen technology sector.
A recent market research study by Custom Market Insights highlights the significant growth prospects of the Global Hydrogen Technology TIC Market. The industry's revenue was valued at USD 4.3 Billion in 2024 and is anticipated to reach USD 18.4 Billion by 2034, exhibiting a remarkable Compound Annual Growth Rate (CAGR) of 17.5% from 2025. Key market players such as SGS SA, Bureau Veritas SA, and Intertek Group plc are actively involved in shaping the market's landscape through their sales, revenues, and strategic initiatives. The report sheds light on the importance of services in the Testing, Inspection, and Certification (TIC) sector to evaluate the production, storage, and operation of hydrogen value chains. Notable trends across regions include North America's focus on digital infrastructure development, Europe's emphasis on regulatory compliance for climate goals, and Asia-Pacific's initiatives in industrial applications and mobility. These efforts are aimed at enhancing sustainability, traceability, and cross-border certificates, thereby driving strategic value creation in the industry.
Topics
Certification
Global Trends
Market Research
Strategic Development
Regulatory Compliance
Industry Overview
Sustainability Initiatives
Future Forecasts
Technology Services
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