Lucintel Forecasts the Global Hydrogen Detection Market to Reach $ 0.42 billion by 2030


Posted October 12, 2023 by Lucintel

According to a market report by Lucintel, the future of the global hydrogen detection market looks promising with opportunities in the oil & gas, automotive & transportation, chemical, metal & mining, and energy & power markets

 
According to a market report by Lucintel, the future of the global hydrogen detection market looks promising with opportunities in the oil & gas, automotive & transportation, chemical, metal & mining, and energy & power markets. The global hydrogen detection market is expected to reach an estimated $0.4 billion by 2030 with a CAGR of 11.0% from 2024 to 2030. The major drivers for this market are increasing demand of fuel cell technology, rising demand for energy-efficient and low-carbon energy solutions, and growing necessity for leak detection and monitoring across diverse sectors, including oil & gas, automotive & transportation, energy & power, chemicals, and more.

A more than 150 – page report is developed to understand trends, opportunity and forecast in hydrogen detection market to 2030 by technology (electrochemical, catalytic, MOS, thermal conductivity, and MEMS), implementation (fixed and portable), application (oil & gas, automotive & transportation, chemical, metal & mining, energy & power, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, fixed and portable are the major segments of hydrogen detection market by implementation. Lucintel forecasts that portable is expected to witness highest growth over the forecast period due to providing safety, monitoring, and control in diverse industrial applications and environments where hydrogen gas is available.

Within this market, automotive & transportation will remain the highest growing segment over the forecast period because it provides safety, detect leaks, enhance vehicle performance, adhere to regulations, and allows effective emergency response in hydrogen-powered vehicles and transportation systems.

APAC is expected to witness highest growth over the forecast period due to high adaption of hydrogen technologies, including hydrogen fuel cells and hydrogen-powered vehicles, as well as, increasing hydrogen production and its investments in this region.

Honeywell, Figaro Engineering, H2Scan, Nevadanano, Membrapor, Makel Engineering, Sensidyne, AMS, Robert Bosch, and Siemens are the major suppliers in the hydrogen detection market.




This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
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Issued By Lucintel
Country United States
Categories Business
Tags hydrogen detection market
Last Updated October 12, 2023