Growing Market for Hydrogen Automotive Testing and Certification Services
Key Ideas
- The global Hydrogen Automotive TIC Market is projected to see significant growth, with an anticipated increase from USD 18.3 million in 2024 to USD 35.8 million by 2030, driven by the commercialization of hydrogen technologies and the focus on lifecycle risk assessment.
- Testing services, especially for hydrogen components and systems, are expected to witness the highest growth rate due to the increasing deployment of hydrogen in various sectors like mobility, energy, and industry, emphasizing the importance of safety and reliability.
- Light commercial vehicles (LCVs) powered by hydrogen are set to experience rapid growth as they offer zero-emission solutions for last-mile delivery and urban logistics, with governments providing incentives and stricter emission norms fueling adoption.
- Europe is poised to be the fastest-growing region in the hydrogen automotive TIC market, propelled by strong regulatory support, decarbonization goals, and investments in hydrogen mobility, leading to the development of fuel cell vehicles and refueling infrastructure.
The global Hydrogen Automotive TIC Market is expected to witness substantial growth, increasing from an estimated USD 18.3 million in 2024 to USD 35.8 million by 2030, showcasing a CAGR of 11.8% during the forecast period. This growth is primarily attributed to the rising commercialization of hydrogen technologies and the growing focus on lifecycle risk assessment. The emergence of hydrogen as a key energy carrier for future energy systems is a significant driving factor. As there is a shift towards decentralized energy solutions and the integration of hydrogen with renewable energy sources, the need for robust certification and compliance services has become crucial. The article highlights the importance of testing services in the Hydrogen Automotive Testing, Inspection, and Certification (TIC) Market, especially to validate the performance, safety, and reliability of hydrogen components and systems. With the expanding deployment of hydrogen in mobility, energy, and industrial applications, rigorous testing plays a vital role in ensuring the safety and efficiency of high-pressure storage, fuel cells, pipelines, and refueling infrastructure. Light commercial vehicles (LCVs) powered by hydrogen are expected to witness significant growth as they provide zero-emission alternatives for last-mile delivery, urban logistics, and fleet operations. The article also emphasizes the role of Europe as the fastest-growing region in the hydrogen automotive TIC market, driven by strong regulatory support, ambitious decarbonization goals, and substantial investments in hydrogen mobility. Major players in this market include TÜV SÜD, UL LLC, Applus+, TÜV Rheinland, and Intertek Group plc, among others, who adopt various strategies such as acquisitions, product launches, and partnerships to enhance their market presence and offerings.
Topics
Middle East
Technology
Sustainability
Automotive
Energy Systems
Market Analysis
Investments
Commercialization
Regulatory Compliance
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