The global alkaline water electrolysis market size was estimated at USD 140.45 million in 2023 and expected to grow at a CAGR of 19.6% from 2024 to 2030. The market is primarily driven by the increasing demand for clean and sustainable energy solutions, particularly the production of green hydrogen. As global efforts intensify to reduce carbon emissions and combat climate change, hydrogen is gaining prominence as a clean fuel alternative across various sectors, including transportation, power generation, and industrial processes.

The rising need for decarbonization solutions in industries, coupled with the growing recognition of hydrogen's versatility as an energy carrier, positions alkaline water electrolysis as a crucial technology in the quest for sustainable energy systems, thus driving significant market expansion in the coming years.

Alkaline Water Electrolysis Market Segmentation Highlights

• Based on Type, 50 m3/h held the market with the largest revenue share of 30.0% in 2023. The 50 m³/h segment of the alkaline water electrolysis market is poised for growth, driven by the increasing demand for small-scale hydrogen production across various applications, including industrial gases and renewable energy integration
• Based on Application, Power Plants held the market with the largest revenue share of 28.6% in 2023.  As governments worldwide prioritize decarbonization and renewable energy integration, alkaline water electrolysis is becoming essential for minimizing greenhouse gas emissions in power plants.
• The North America alkaline water electrolysis market accounted for 18.0%. The region is witnessing substantial investments in hydrogen infrastructure and technology advancements that enhance the efficiency and cost-effectiveness of alkaline electrolysis systems.

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented alkaline water electrolysis market report based on type, application, and region:

• Type Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)
  • 10 m3/h
  • 30 m3/h
  • 50 m3/h
  • 80 m3/h
  • ≥ 80 m3/h
    
    
• Application Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)
  • Power Plants
  • Steel Plants
  • Electronics and PV
  • Industrial Gases
  • Others
    
    
• Regional Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • Spain
    • France
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
  • Central South America
    • Brazil
    • Argentina
  • Middle East Africa
    • Saudi Arabia
    • South Africa
    • UAE

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