세계의 알칼리 수전해 시장 : 예측 - 제품 유형별, 유량별, 용량별, 용도별, 최종 사용자별, 지역별 분석(-2032년)

According to Stratistics MRC, the Global Alkaline Water Electrolysis Market is accounted for $242.1 billion in 2025 and is expected to reach $887.8billion by 2032 growing at a CAGR of 20.4% during the forecast period. Alkaline Water Electrolysis is a well-established electrochemical process used to produce hydrogen by splitting water into hydrogen and oxygen using an alkaline electrolyte, typically potassium hydroxide (KOH). Operating at relatively low temperatures and pressures, it is favored for its cost-effectiveness, durability, and scalability in industrial applications. This method utilizes two electrodes and a diaphragm to separate gases, making it suitable for large-scale hydrogen generation.

Market Dynamics:

Driver:

Rising demand for clean hydrogen in power

Rising demand for clean hydrogen in power generation and transportation sectors is significantly driving the alkaline water electrolysis market. As nations strive to decarbonize their energy mix, hydrogen emerges as a key vector for storing renewable energy and fueling fuel cell applications. Alkaline systems offer a cost-effective and reliable solution for mass hydrogen production. Their long-standing presence in the industry further enhances trust, making them a preferred choice for utilities and governments aiming to meet climate goals.

Restraint:

High power requirement

The high power requirement of alkaline water electrolysis systems remains a major challenge, especially in regions with expensive or carbon-intensive electricity. Although the process is proven and stable, its energy consumption rate limits profitability unless paired with low-cost renewable power. Additionally, grid dependency can hinder flexibility and raise operational costs. This constraint has made industries cautious, particularly when comparing with more efficient or advanced electrolysis technologies like Proton Exchange Membrane (PEM) systems or Solid Oxide Electrolyzers.

Opportunity:

Expansion in renewable energy integration

The expansion in renewable energy integration offers a robust opportunity for alkaline water electrolysis adoption. As wind and solar capacity scales globally, surplus renewable electricity can be efficiently utilized for green hydrogen production through alkaline systems. Their compatibility with off-grid or hybrid power sources enhances their attractiveness for remote or decentralized applications. This convergence of renewables and electrolysis helps mitigate curtailment, improves energy storage, and supports national hydrogen strategies, especially in markets transitioning toward net-zero targets.

Threat:

Fluctuating renewable energy supply

Fluctuating renewable energy supply poses a key threat to the performance and economics of alkaline water electrolysis systems. Unlike PEM electrolyzers, alkaline systems lack the dynamic response capability required to efficiently handle intermittent power. This limits their ability to run optimally with variable solar or wind inputs. Inconsistent electricity input may also affect component life and hydrogen purity, potentially increasing maintenance costs and reducing operational efficiency, thereby discouraging adoption in certain renewable-rich regions.

Covid-19 Impact:

The COVID-19 pandemic initially disrupted global supply chains, delaying equipment deliveries and project implementations across the alkaline water electrolysis market. However, post-pandemic recovery plans emphasizing green infrastructure led to renewed investments in hydrogen technology. Governments channeled stimulus packages toward clean energy, accelerating hydrogen pilot projects and long-term initiatives. The crisis also highlighted the need for energy resilience, further pushing interest in decentralized hydrogen generation. Consequently, while short-term impacts were negative, the long-term outlook improved substantially.

The solid alkaline water electrolyzers segment is expected to be the largest during the forecast period

The solid alkaline water electrolyzers segment is expected to account for the largest market share during the forecast period propelled by, its cost-efficiency, ease of scale-up, and operational stability. These systems are widely adopted in industrial-scale hydrogen production where purity and long-term durability are essential. Their proven track record and low-cost alkaline solution make them a favorable choice in both developed and emerging hydrogen economies. Continued technological refinements are also enhancing their competitiveness against PEM alternatives.

The less than 10 m3/h segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the less than 10 m3/h segment is predicted to witness the highest growth rate influenced by, increasing demand for compact and modular electrolyzers in research, pilot, and small-scale industrial settings. These low-capacity units are ideal for testing hydrogen applications, educational use, or integrating with solar PV systems in decentralized setups. Their affordability, minimal space requirement, and suitability for remote deployments make them attractive in both developed and emerging economies focusing on early-stage hydrogen deployment.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share, fuelled by strong government initiatives, massive renewable energy installations, and rising industrial hydrogen consumption in countries like China, Japan, and South Korea. Supportive regulatory frameworks and public-private partnerships are accelerating domestic hydrogen production capacities. Moreover, the region's commitment to reducing carbon emissions, coupled with large-scale infrastructure projects, is positioning Asia Pacific as a global hub for green hydrogen investments.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, driven by increased federal funding, decarbonization goals, and major clean hydrogen projects across the U.S. and Canada. Key players are investing in electrolyzer manufacturing and deployment, while the Inflation Reduction Act and other clean energy legislation offer significant incentives. With growing demand from the transportation and industrial sectors, North America is rapidly emerging as a competitive player in the green hydrogen value chain.

Key players in the market

Some of the key players in Alkaline Water Electrolysis Market include Nel Hydrogen, Asahi Kasei, Green Hydrogen.dk, ShaanXi HuaQin, Next Hydrogen Corp., Hydrogenics, Thyssenkrupp, Teledyne Energy Systems, Inc., McPhy Energy S.A., Siemens Energy AG, ITM Power PLC, Plug Power Inc., John Cockerill Group, Enapter AG, Bloom Energy Corp., Proton Motor Power Systems PLC, Fusion Fuel Green PLC and Ohmium International.

Key Developments:

In July 2025, Asahi Kasei announced the supply of its Aqualyzer(TM) C3, a 1 MW containerized alkaline water electrolyzer, to the Central Finland Mobility Foundation. The unit is expected to begin hydrogen production operations in early 2026 to support local green mobility projects.

In June 2025, Nel Hydrogen introduced its newest alkaline electrolyzer model featuring improved energy efficiency and increased hydrogen production capacity. The updated stack design reduces operating costs while extending equipment lifetime. Nel collaborated with major green hydrogen project developers in Europe to pilot the technology in utility-scale applications, aiming to support rapid decarbonization.

In March 2025, ITM Power entered into an agreement with Deutsche Bahn AG to supply hydrogen production systems supporting Germany's sustainable rail transportation network. The collaboration aims to replace diesel trains with hydrogen-powered alternatives, enhancing clean mobility infrastructure across the country.

Product Types Covered:

• Solid Alkaline Water Electrolyzers
• Anion Exchange Membrane Alkaline Water Electrolyzers
• Liquid Alkaline Water Electrolyzers

Flow Rates Covered:

• Less Than 10 m3/h
• 10-30 m3/h
• 30-60 m3/h
• 60-80 m3/h
• Above 80 m3/h

Capacities Covered:

• Below 1 MW
• 1-5 MW
• 5-20 MW
• Above 20 MW

Applications Covered:

• Power Plants
• Steel Plants
• Electronics and PV
• Industrial Gases
• Other Applications

End Users Covered:

• Energy Companies
• Chemical Companies
• Industrial Gas Companies
• Government Agencies
• Transportation Companies

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Alkaline Water Electrolysis Market, By Product Type

• 5.1 Introduction
• 5.2 Solid Alkaline Water Electrolyzers
• 5.3 Anion Exchange Membrane Alkaline Water Electrolyzers
• 5.4 Liquid Alkaline Water Electrolyzers

6 Global Alkaline Water Electrolysis Market, By Flow Rate

• 6.1 Introduction
• 6.2 Less Than 10 m3/h
• 6.3 10-30 m3/h
• 6.4 30-60 m3/h
• 6.5 60-80 m3/h
• 6.6 Above 80 m3/h

7 Global Alkaline Water Electrolysis Market, By Capacity

• 7.1 Introduction
• 7.2 Below 1 MW
• 7.3 1-5 MW
• 7.4 5-20 MW
• 7.5 Above 20 MW

8 Global Alkaline Water Electrolysis Market, By Application

• 8.1 Introduction
• 8.2 Power Plants
• 8.3 Steel Plants
• 8.4 Electronics and PV
• 8.5 Industrial Gases
• 8.6 Other Applications

9 Global Alkaline Water Electrolysis Market, By End User

• 9.1 Introduction
• 9.2 Energy Companies
• 9.3 Chemical Companies
• 9.4 Industrial Gas Companies
• 9.5 Government Agencies
• 9.6 Transportation Companies

10 Global Alkaline Water Electrolysis Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Nel Hydrogen
• 12.2 Asahi Kasei
• 12.3 Green Hydrogen.dk
• 12.4 ShaanXi HuaQin
• 12.5 Next Hydrogen Corp.
• 12.6 Hydrogenics
• 12.7 Thyssenkrupp
• 12.8 Teledyne Energy Systems, Inc.
• 12.9 McPhy Energy S.A.
• 12.10 Siemens Energy AG
• 12.11 ITM Power PLC
• 12.12 Plug Power Inc.
• 12.13 John Cockerill Group
• 12.14 Enapter AG
• 12.15 Bloom Energy Corp.
• 12.16 Proton Motor Power Systems PLC
• 12.17 Fusion Fuel Green PLC
• 12.18 Ohmium International