Europe Alkaline Water Electrolysis Market Size & Outlook
Europe alkaline water electrolysis market, 2018-2030 (US$M)
Europe alkaline water electrolysis market highlights
- The Europe alkaline water electrolysis market generated a revenue of USD 55.6 million in 2023.
- The market is expected to grow at a CAGR of 19.8% from 2024 to 2030.
- In terms of segment, < 10 m3/h was the largest revenue generating type in 2023.
- < 10 m3/h is the most lucrative type segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 55.6 million |
| Market revenue in 2030 | USD 196.7 million |
| Growth rate | 19.8% (CAGR from 2023 to 2030) |
| Largest segment | < 10 m3/h |
| Fastest growing segment | < 10 m3/h |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | < 10 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, Europe region accounted for 39.6% of the global alkaline water electrolysis market in 2023.
- Globally, Europe 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 93.8 million by 2030.
< 10 m3/h was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Europe alkaline water electrolysis market based on < 10 m3/h covering the revenue growth of each sub-segment from 2018 to 2030.
As Europe continues to prioritize hydrogen as a cornerstone of its energy strategy, the alkaline water electrolysis market is expected to expand rapidly, reflecting a broader global trend towards renewable energy integration and sustainability.
The increasing collaboration among industry stakeholders, research institutions, and government entities is also anticipated to drive innovation and accelerate the deployment of alkaline electrolysis technologies across Europe.
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Alkaline Water Electrolysis Market Scope
Alkaline Water Electrolysis Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe alkaline water electrolysis market
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