UK Alkaline Water Electrolysis Market Size & Outlook
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UK alkaline water electrolysis market highlights
- The UK alkaline water electrolysis market generated a revenue of USD 7.6 million in 2024 and is expected to reach USD 23.4 million by 2030.
- The UK market is expected to grow at a CAGR of 20.8% from 2025 to 2030.
- In terms of segment, < 30 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 7.6 million |
| Market revenue in 2030 | USD 23.4 million |
| Growth rate | 20.8% (CAGR from 2025 to 2030) |
| Largest segment | < 30 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, UK accounted for 4.5% 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 Europe, Germany alkaline water electrolysis market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 16.5 million by 2030.
< 30 m3/h was the largest segment with a revenue share of 35.53% in 2024. Horizon Databook has segmented the UK 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.
UK’s significant focus on renewable energy integration, the market is projected to expand due to investments in hydrogen infrastructure and technology advancements. Key applications include power generation, industrial processes, and transportation, where hydrogen is utilized as a clean fuel alternative.
Major players in the market, such as ITM Power and Nel Hydrogen, are actively enhancing their electrolysis technologies to improve efficiency and reduce costs. Additionally, supportive government policies, including funding for hydrogen projects and initiatives promoting sustainable energy, are expected to further bolster market growth in the UK, positioning it as a leader in the European 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 |
UK alkaline water electrolysis market size, by application, 2018-2030 (US$M)
UK Alkaline Water Electrolysis Market Outlook Share, 2024 & 2030 (US$M)
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