Latin America Alkaline Water Electrolysis Market Size & Outlook
Latin America alkaline water electrolysis market, 2018-2030 (US$M)
Latin America alkaline water electrolysis market highlights
- The Latin America alkaline water electrolysis market generated a revenue of USD 9.6 million in 2023.
- The market is expected to grow at a CAGR of 18.9% 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.
Latin America data book summary
| Market revenue in 2023 | USD 9.6 million |
| Market revenue in 2030 | USD 32.0 million |
| Growth rate | 18.9% (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, Latin America region accounted for 6.8% 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 Latin America alkaline water electrolysis market based on < 10 m3/h covering the revenue growth of each sub-segment from 2018 to 2030.
The alkaline water electrolysis market in Central and South America is emerging as a significant player in the global hydrogen economy, driven by increasing investments in renewable energy and a growing focus on sustainable hydrogen production.
As countries in the region, such as Brazil, Argentina, and Colombia, aim to reduce carbon emissions and enhance energy security, the demand for green hydrogen produced through alkaline water electrolysis is expected to rise.
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Alkaline Water Electrolysis Market Scope
Alkaline Water Electrolysis Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America alkaline water electrolysis market
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