Global Alkaline Water Electrolysis Market Size & Outlook

The alkaline water electrolysis industry worldwide is expected to reach a projected revenue of US$ 451.1 million by 2030. A compound annual growth rate of 19.9% is expected of the worldwide alkaline water electrolysis industry from 2024 to 2030.
Revenue, 2023 (US$M)
$128.1
Forecast, 2030 (US$M)
$451.1
CAGR, 2024 - 2030
19.9%
Report Coverage
Worldwide

Global alkaline water electrolysis market, 2018-2030 (US$M)

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Global alkaline water electrolysis market highlights

  • The global alkaline water electrolysis market generated a revenue of USD 128.1 million in 2023 and is expected to reach USD 451.1 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 19.9% by 2030.
  • In terms of segment, < 50 m3/h accounted for a revenue of USD 45.5 million in 2023.
  • < 50 m3/h is the most lucrative type segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.
  • Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 128.1 million
Market revenue in 2030USD 451.1 million
Growth rate19.9% (CAGR from 2024 to 2030)
Largest segment< 50 m3/h
Fastest growing segment< 50 m3/h
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentation< 10 m3/h, < 30 m3/h, < 50 m3/h, < 80 m3/h

Other key industry trends

  • In terms of revenue, the North America accounted for 14.8% of the global alkaline water electrolysis market in 2023.
  • By country, the China is projected to lead the global market in terms of revenue in 2030.
  • By country, Canada is the fastest growing regional market and is projected to reach USD 23.2 million by 2030.

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Alkaline Water Electrolysis Market Companies

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Global alkaline water electrolysis market size, by regions, 2018-2030 (US$M)

Top 10 countries: Alkaline water electrolysis market size, 2023 (US$M)

Global alkaline water electrolysis market share, by type, 2023 & 2030 (%, US$M)

Alkaline water electrolysis market: Opportunity assessment by country

Global alkaline water electrolysis market, by region, 2023 (US$M)

Global alkaline water electrolysis market size, by regions, 2018-2030 (US$M)

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