Energy expenditure (EE) during treadmill walking under normal conditions (normobaric normoxia, 21% O
2
) and moderate hypoxia (13% O
2
) was measured. Ten healthy young men and ten healthy young women walked on a level (0°) gradient a range of speeds (0.67–1.67 m s
−1
). During walking, there were no significant differences in reductions in arterial oxygen saturation (SpO
2
) between the sexes. The hypoxia-induced increase in EE, heart rate (HR [bpm]) and ventilation (
[L min
−1
]) were calculated. Using a multivariate model that combined EE,
, and HR to predict ΔSpO
2
(hypoxia-induced reduction), a very strong fit model both for men (r
2
= 0.900,
P
< 0.001) and for women was obtained (r
2
= 0.957,
P
< 0.001). The contributions of EE, VE, and HR to ΔSpO
2
were markedly different between men and women.
and EE had a stronger effect on ΔSpO
2
in women (
: 4.1% in women vs. 1.7% in men; EE: 28.1% in women vs. 15.8% in men), while HR had a greater effect in men (82.5% in men and 67.9% in women). These findings suggested that high-altitude adaptation in response to hypoxemia has different underlying mechanisms between men and women. These results can help to explain how to adapt high-altitude for men and women, respectively.