In the context of the global energy transition, wind and solar power have emerged as the primary sources of renewable energy. However, due to their reliance on natural conditions, their electricity generation is subject to fluctuations and intermittency, making large-scale and high-proportion grid integration challenging. This often results in surplus electricity. Hydrogen production through water electrolysis using this excess electricity plays a critical role in improving energy utilization efficiency. Among various water electrolysis technologies, anion exchange membrane water electrolysis (AEMWE) stands out as one of the most promising and cost-effective methods, owing to its high efficiency, the use of non-precious metal electrocatalysts, and extensive research. This paper reviews the recent advancements in the AEMWE field, highlighting improvements in membrane conductivity, a deeper understanding of degradation mechanisms, and emerging trends in electrocatalyst design. It systematically examines the key factors influencing AEMWE performance and explores the technological challenges and opportunities for its development. Finally, the paper offers valuable insights for the development of efficient and durable electrocatalysts and the advancement of AEMWE device fabrication.