The study involved major activities in estimating the current size of the hydrogen automotive testing, inspection, and certification (TIC) market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.
Secondary Research
Secondary sources referred to for this research study include annual reports, press releases, investor presentations of companies, white papers, certified publications, articles by recognized authors, and databases of various companies and associations. Secondary research has been mainly used to obtain key information about the supply chain and to identify the key players offering testing, inspection and certification, market classification, and segmentation according to the offerings of the leading players, along with the paid databases, such as Factiva and ZoomInfo, which were used to extract regional/country-level information for various companies.
Primary Research
In the primary research process, various primary sources from the supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include industry experts such as chief executive officers (CEOs), vice presidents (VPs), marketing directors, and related key executives from various companies and organizations operating in the hydrogen automotive testing, inspection, and certification (TIC) market.
In the complete market engineering process, top-down and bottom-up approaches, along with several data triangulation methods, have been extensively used to perform the market size estimations and forecasts for all segments and subsegments listed in this report. Extensive qualitative and quantitative analyses have been conducted to complete the market engineering process and list key information/insights throughout the report.
Note 1: Others include sales managers, marketing managers, and product managers.
Note 2: Tier 1 companies’ revenues are more than USD 10 billion; tier 2 companies’ revenues range between USD 1 and 10 billion; and tier 3 companies’ revenues range between USD 500 million and USD 1 billion.
Source: Industry Experts
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the size of the hydrogen automotive testing, inspection, and certification (TIC) market and its dependent submarkets. The key players in the market have been identified through secondary research, and their market shares in the respective regions have been obtained through both primary and secondary research. The research methodology includes the study of the annual and financial reports of the top market players and interviews with industry experts, such as chief executive officers, vice presidents, directors, sales managers, and marketing executives, for key quantitative and qualitative insights related to the hydrogen automotive testing, inspection, and certification (TIC) market. The following sections provide details about the overall market size estimation process employed in this study.
Hydrogen Automotive Testing, Inspection, and Certification (TIC) Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size from the estimation process explained below, the total market has been split into two segments and subsegments. The data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market size has been validated using both top-down and bottom-up approaches.
Market Definition
Hydrogen TIC comprises a comprehensive series of processes to ensure the safety, reliability, and regulatory compliance of hydrogen vehicles. The TIC process is a pivotal, robust licensing pathway to ensure the safe operation of all hydrogen vehicles, as well as focusing on ensuring consumer confidence for market acceptance.
Testing: Hydrogen vehicle testing involves assessing material compatibility, pressure safety, fuel cell system testing, storage tank testing, process safety, hydrogen fuel testing, pressure and leak tests, and safety function.
Inspection: The inspection processes occur both at production and in-service to ensure that the components and systems fitted to hydrogen vehicles meet a particular specification for the safety of their eventual users. This study considers comprehensive inspections of the entire hydrogen fuel cell systems, including valves, dispensers, and fuel tanks.
Certification: Certification of hydrogen vehicles is the last stage, which means the vehicles have met regional and national (if applicable) standards, including existing health, safety, and environmental standards that may apply in the given jurisdiction.
Other services: Other services include consulting and auditing services, training and awareness services, lifecycle assessment, and environmental impact assessments.
Stakeholders
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Automotive OEMs
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TIC Service Providers
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Fuel Cell Manufacturers
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Hydrogen Refueling Infrastructure Providers
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Component and System Suppliers
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Government and Regulatory Bodies
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Research and Development Institutions
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Hydrogen Technology Startups
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Logistics and Fleet Operators
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Investors and Financial Institutions
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Environmental and Safety Standard Organizations
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Energy and Utility Companies
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End Users
Report Objectives
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To analyze the market opportunities for stakeholders in the Hydrogen automotive testing, inspection, and certification (TIC) market
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To provide detailed information on the major drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the market
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To identify the supply chain in the hydrogen transportation ecosystems
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To provide detailed company profiles of TIC and auto engineering key players
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To provide insights on the OEM strategies, public sector outlook, and regulatory landscape
Available Customizations
MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.
The following customization options are available for the report:
Product Analysis
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Product matrix, which gives a detailed comparison of the product portfolio of each company
Geographic Analysis as per Feasibility
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Further breakdown of the hydrogen automotive testing, inspection, and certification (TIC) market, by country, for Europe
Company Information
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Detailed analysis and profiling of additional market players (up to five)
SECOND-HIGHEST CAGR (2024-2030)
JAPAN FASTEST-GROWING MARKET IN THE REGION
Growth opportunities and latent adjacency in Hydrogen Automotive Testing, Inspection, and Certification (TIC) Market