Alkaline water electrolysis is the easiest methods for hydrogen production because of their simplicity. Although the simplicity is an advantage; reducing the energy consumption and maintaining the durability and the safety of these systems are the main challenges. In this paper, alkaline water electrolysis system, that uses cost effective electrode materials and magnetic field effects are presented. Cost effective electrodes such as high carbon steel, 304 stainless steel, 316L low carbon steel and graphite material are used for the hydrogen production. After the selection of the best electrode pair, effects of magnetic field to hydrogen production and change of current density are investigated for KOH electrolytes in different concentrations (5 wt%, 10 wt% and 15 wt%). According to the experimental observations the direction of the Lorentz Force affects the hydrogen production and current density. When the Lorentz Force is directed upward, it enhances the hydrogen production for 5 wt% and 15 wt% KOH solution by almost 17%. The increase in current density for 5 wt %, 10 wt% and 15 wt% concentration is 19%, 5%, 13%, respectively. Forced convection in the magnetic field enhances the separation of gas bubbles from electrode surface. Downward directed Lorentz Force decreases hydrogen production and current density values significantly. For 5 wt%, 10 wt% and 15 wt% the hydrogen production decreases by 14%, 8%, 7%, respectively. Similarly, current density for downward directed Lorentz Force decreases by 11%, 7%, 4%, respectively. (C) 2017 Hydrogen Energy Publications LLC. Published by Elsevier Ltd. All rights reserved.