Hydrogen Detection Industry worth $410 million by 2028

Increasing demand for fuel cell electric vehicles, rising need for detecting and monitoring hydrogen gas levels to help prevent potential damage to infrastructure, machinery, and electrical systems, as well as escalated need for hydrogen leak detection and monitoring for safety and process control in various industries such as oil & gas, automotive & transportation, energy & power, chemical and so on are some of the major factors driving the hydrogen detection market growth globally.

Pune, 13/09/2024 (informazione.it - comunicati stampa - elettronica)

By segment, hydrogen detection industry for fixed implementation type is expected to account for the largest share during the forecast period.

Fixed hydrogen detectors are designed to operate continuously, constantly monitoring the area's hydrogen levels. This makes them well-suited for environments where hydrogen is always present, such as fuel cell manufacturing plants and in FCVs or chemical plants that use hydrogen as a reagent or carrier gas. This equipment is more sensitive, allowing them to detect even very low levels of hydrogen. This is important for ensuring the safety of personnel and preventing the build-up of explosive concentrations of hydrogen. In addition, fixed hydrogen detectors are often calibrated to specific concentrations of hydrogen, allowing them to provide more accurate readings. All these factors are expected to drive the fixed hydrogen detection equipment industry during the forecast period.

By segment, hydrogen detection industry for oil & gas application is projected to account for significant share of market in 2022.

Hydrogen plays an integral role in oil & gas applications, especially in refining processes. Hydrogen lowers the sulfur content of fuels. It works to reduce heavy gas and oils to those with lower molecular weights. Hydrogen can also be used to treat gas in catalytic reforming, thus increasing their importance in the oil and gas industry. All these processes improve the need for hydrogen leak detection in oil & gas applications. Different hydrogen detection equipment can be found in oil and natural gas well sites, at petroleum refineries, and in pipelines that carry crude oil and natural gas.

Hydrogen Detection Industry Regional Analysis

By region, hydrogen detection industry in Asia Pacific is expected to register the highest CAGR during the forecast period.

The growing automotive & transportation, chemical and energy & power applications in the Asia Pacific region is expected to drive the hydrogen detection industry. Various countries in Asia Pacific such as China, Japan, and India are focusing on producing hydrogen and implementing national hydrogen strategies to support the global energy transition phenomenon. China is among the top hydrogen producers in the region. For instance, China's National Development and Reform Commission (NDRC) and National Energy Administration (NEA) have collaboratively published the country's inaugural mid- to long-term plan outlining the implementation and development of hydrogen utilization in China until 2035. According to this plan, the target for renewable-based hydrogen production is set to range between 100,000 and 200,000 tons per year by 2025.Thus rising hydrogen production and its investments in Asia Pacific region is expected to contribute to the need for hydrogen detection equipment in the said region.

Hydrogen Detection Industry Key Players

The report profiles key players such as Teledyne Technologies (US), Honeywell International (US), Figaro Engineering (Japan), H2Scan Corporation (US), NevadaNano (US), Hydrogen Sense Technology(China), Membrapor (Switzerland), Makel Engineering (US), and so on.