Green Ammonia Market to Witness Huge Growth by Key Players: Siemens, ThyssenKrupp, ITM Power
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Green Ammonia Market by Technology (Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM), and Solid Oxide Electrolysis (SOE)), End User (Transportation, Power Generation, and Industrial Feedstock) and Region - Global Forecast to 2030. The global green ammonia market size is projected to grow from USD 16 million in 2021 and is projected to reach USD 5,415 million by 2030, at a CAGR of 90.2% during the forecast period.
The report provides a comprehensive analysis of company profiles listed below:
• Siemens (Germany)
• NEL Hydrogen (Norway)
• ThyssenKrupp (Germany)
• ITM Power (UK)
• McPhy Energy (France)
“In terms of both value, Alkaline Water Electrolysis segment to be the fastest-growing segment by 2026.”
Alkaline Water Electrolysis segment is projected to be the largest segment in the Green Ammonia market during the forecast period. The growth of this segment is mainly attributed to low capital cost of alkaline water electrolysis system.
“In terms of both value, Power generation is projected to be the fastest-growing segment from 2021 to 2026, for green ammonia.”
Power generation segment is projected to be the largest segment in the green ammonia market. The growth of this segment is mainly attributed to the high demand of energy requirements for various end use industries. With green ammonia production, renewable energy can be stored and reused for power generation at consumption points. This will make the generation of renewable energy more efficient and usable for the long term.
“In terms of both value and volume, the Europe green ammonia market is projected to grow at the highest CAGR during the forecast period.”
In terms of value and volume, the Europe region is projected to grow at the highest CAGR from 2020 to 2026. The market for green ammonia in therest of the world region is projected to grow at the highest CAGR from 2021 to 2026, in terms of both value and volume. Fast-track urbanization and the growing agricultural needs of the rising population have raised the demand for green hydrogen in Europe to reduce carbon emissions in the region.
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Competitive Landscape of Green Ammonia Market:
1 Key Players’ Strategies
2 Market Evaluation Framework
3 Market Share Analysis
4 Siemens Energy
4.1 Man Energy Solutions
4.2 Nel Hydrogen
4.3 Thyssenkrupp Ag
4.4 Yara International
4.5 Haldor Topsoe
5 Company Evaluation Quadrant
5.3 Emerging Leader
6 Competitive Leadership Mapping Of Smes, 2020
6.1 Progressive Companies
6.2 Responsive Companies
6.3 Starting Blocks
6.4 Dynamic Companies
7 Competitive Scenario
The market study covers the green ammonia market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on Alkaline Water Electrolysis, Proton Exchange Membrane, Solid Oxide Electrolysis, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to enhance their position in the green ammonia market.
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