Middle East & Africa Alkaline Water Electrolysis Market Size & Outlook
Middle East & Africa alkaline water electrolysis market, 2018-2030 (US$M)
MEA alkaline water electrolysis market highlights
- The MEA alkaline water electrolysis market generated a revenue of USD 1.4 million in 2023.
- The market is expected to grow at a CAGR of 14.7% 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.
MEA data book summary
| Market revenue in 2023 | USD 1.4 million |
| Market revenue in 2030 | USD 3.6 million |
| Growth rate | 14.7% (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, MEA region accounted for 1.0% 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 Middle East & Africa 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 the Middle East and Africa is emerging as a critical component of the region's efforts to transition towards sustainable energy solutions.
This market is primarily driven by the increasing demand for green hydrogen, which is gaining traction as a clean fuel alternative across various sectors, including transportation, industrial applications, and power generation.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Alkaline Water Electrolysis Market Scope
Alkaline Water Electrolysis Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa alkaline water electrolysis market
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
