Frequently Asked Questions:
The alkaline water electrolysis market experienced stagnant growth due to supply chain disruption and stalled industrial operations due to the widespread impacts of COVID-19. In 2020, the market experienced a negative growth rate of -4.2%. However, favorable government policies and increasing investment opportunities in the sustainable energy industry will help the market growth over the forecast period.
Europe accounted for the most heightened share in the global alkaline water electrolysis market.
Rising private investments and beneficial government policies toward renewable and sustainable energy sources, as well as the use of hydrogen in steel, chemicals, petroleum, pharmaceuticals, electronics & semiconductors, and power generation, are major factors driving the global alkaline water electrolysis market growth.
The ≥80 m3/h segments had a major share in the global market in 2021.
The power plants segment had a major share in the global market.