Green Ammonia Market to Witness Huge Growth by Key Players: Siemens, NEL Hydrogen, ThyssenKrupp, ITM Power

Global Green Ammonia Market 2022-2030, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.

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The global green ammonia market size is projected to grow from USD 17 Million in 2021 and is projected to reach USD 5,415 Million by 2030, at a CAGR of 90.2% during the forecast period of 2021 to 2030. 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 report provides a comprehensive analysis of company profiles listed below:
• Siemens (Germany)
• NEL Hydrogen (Norway)
• ThyssenKrupp (Germany)
• ITM Power (UK)
• McPhy Energy (France)

"The solid oxide electrolysis (SOE) technology is expected to be the fastest-growing segment, during the forecast period."
Solid oxide electrolysis (SOE) is an upcoming technology for green hydrogen systems. It reduces the need for electricity in the production of hydrogen and can provide up to 90% efficiency. The SOE process is used to produce green hydrogen from surplus electricity, for example, electricity generated from wind turbines.

"Power generation is expected to be the fastest-growing segment, during the forecast period."
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.

"European countries are expected to exhibit relatively higher growth during forecast period ."
The green ammonia market in Europe has been studied for Germany, Denmark, the UK, Norway, and the Netherlands. Europe has the largest proven natural gas reserves. 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
5.1 Star
5.2 Pervasive
5.3 Emerging Leader
5.4 Participant
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

Reason to access this report:
The report is projected to help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers of the overall green ammonia market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market and gain insights to improve the position of their businesses and plan suitable go-to-market strategies.

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This release was published on openPR.