Asia Pacific Alkaline Water Electrolysis Market Size & Outlook
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Asia Pacific alkaline water electrolysis market highlights
- The Asia Pacific alkaline water electrolysis market generated a revenue of USD 67.3 million in 2024.
- The market is expected to grow at a CAGR of 20.7% from 2025 to 2030.
- In terms of segment, < 50 m3/h was the largest revenue generating type in 2024.
- < 50 m3/h is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Australia is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 67.3 million |
| Market revenue in 2030 | USD 206.3 million |
| Growth rate | 20.7% (CAGR from 2025 to 2030) |
| Largest segment | < 50 m3/h |
| Fastest growing segment | < 50 m3/h |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | < 10 m3/h, < 30 m3/h, < 50 m3/h, < 80 m3/h, >= 80 m3/h |
| Key market players worldwide | ITM Power PLC, NEL Hydrogen, Cummins Inc, McPhy Energy SA, Thyssenkrupp AG, Asahi Kasei Corp, Green Hydrogen Systems, Enaex, SunHydrogen, Teledyne CARIS |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 40.3% of the global alkaline water electrolysis market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 88.4 million by 2030.
< 50 m3/h was the largest segment with a revenue share of 37.59% in 2024. Horizon Databook has segmented the Asia Pacific alkaline water electrolysis market based on < 10 m3/h, < 30 m3/h, < 50 m3/h, < 80 m3/h, >= 80 m3/h covering the revenue growth of each sub-segment from 2018 to 2030.
Key countries such as China, Japan, and India are leading this growth, fueled by government initiatives aimed at reducing carbon emissions and promoting renewable energy technologies. The region's industrial sectors, including steel manufacturing, chemicals, and electronics, are increasingly adopting hydrogen as a cleaner alternative to fossil fuels, enhancing the demand for alkaline water electrolysis systems.
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Alkaline Water Electrolysis Market Scope
Alkaline Water Electrolysis Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Teledyne CARIS | View profile | 101-250 | Fredericton, New Brunswick, Canada, North America | http://www.teledynecaris.com/en |
| SunHydrogen | View profile | 1-10 | Santa Barbara, California, United States, North America | https://sunhydrogen.com/ |
| Enaex | View profile | 5001-10000 | Santiago, Oaxaca, Mexico, North America | http://www.enaex.com |
| NEL Hydrogen | View profile | 501-1000 | Oslo, Oslo, Norway, Europe | https://nelhydrogen.com |
| Green Hydrogen Systems | View profile | 251-500 | Kolding, Syddanmark, Denmark, Europe | http://greenhydrogen.dk/ |
| McPhy Energy SA | View profile | 265 | 1115, Route de Saint-Thomas, La Motte-Fanjas, France, 26190 | http://www.mcphy.com |
| ITM Power PLC | View profile | 406 | 2 Bessemer Park, Shepcote Lane, Sheffield, United Kingdom, S9 1DZ | https://www.itm-power.com |
| Thyssenkrupp AG | View profile | 100202 | ThyssenKrupp Allee 1, Essen, NW, Germany, 45143 | https://www.thyssenkrupp.com |
| Cummins Inc | View profile | 75500 | 500 Jackson Street, Box 3005, Columbus, IN, United States, 47202-3005 | https://www.cummins.com |
| Asahi Kasei Corp | View profile | 48897 | 1-105 Kanda Jinbocho, Chiyoda-ku, Tokyo, Japan, 101-8101 | http://www.asahi-kasei.co.jp |
Asia Pacific alkaline water electrolysis market size, by country, 2018-2030 (US$M)
Asia Pacific Alkaline Water Electrolysis Market Outlook Share, 2024 & 2030 (US$M)
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