China Alkaline Water Electrolysis Market Size & Outlook
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China alkaline water electrolysis market highlights
- The China alkaline water electrolysis market generated a revenue of USD 33.4 million in 2024 and is expected to reach USD 99.0 million by 2030.
- The China market is expected to grow at a CAGR of 20% 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.
Alkaline water electrolysis market data book summary
| Market revenue in 2024 | USD 33.4 million |
| Market revenue in 2030 | USD 99.0 million |
| Growth rate | 20% (CAGR from 2025 to 2030) |
| Largest segment | < 50 m3/h |
| Fastest growing segment | < 50 m3/h |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 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, China accounted for 20.0% of the global alkaline water electrolysis market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China alkaline water electrolysis market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 20.6 million by 2030.
< 50 m3/h was the largest segment with a revenue share of 37.43% in 2024. Horizon Databook has segmented the China 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.
Major players such as China Shipbuilding Industry Corp and Suzhou Jingli are leading the market, focusing on enhancing the efficiency and scalability of their electrolyzers. The market is characterized by a strong emphasis on alkaline electrolyzer technology, which remains a cost-effective and mature solution for hydrogen production.
Additionally, the rising interest in power-to-gas projects and the integration of renewable energy sources further bolster the market's growth potential, positioning China as a key player in the global hydrogen economy.
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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 |
China alkaline water electrolysis market size, by type, 2018-2030 (US$M)
China Alkaline Water Electrolysis Market Outlook Share, 2024 & 2030 (US$M)
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