Green Ammonia Market

Green Ammonia Market industry, Green Ammonia Market industry share, Green Ammonia Market industry trends, Warehouse Management System market size, Green Ammonia Market analysis

The green ammonia market was valued at 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. The growth of the green ammonia market can be attributed to widespread adoption of renewable energy generation methods across the globe.

The Green Ammonia market has many companies which thrive in their domestic market. A few of the major technology providers in the green ammonia market are Siemens (Germany), NEL Hydrogen (Norway), ThyssenKrupp (Germany), ITM Power (UK), and McPhy Energy (France). These players have adopted expansions, agreements, product launches, joint ventures, contracts, collaborations, partnerships, and memorandums of understanding (MoU) as growth strategies.

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Siemens Energy is one of the leaders in renewable energy and has been formed as a spin-off of the Siemen’s Group’s former gas and power division. The company has a presence in Europe, Americas, Middle East & Africa, and Asia. It operates in more than 90 countries through a wide network of regional & sales offices, warehouses, and R&D facilities. In April 2021 Siemens Energy entered into an agreement with Messer Group GmbH, one of the global providers of industrial, medical, and specialty gases. The partnership focuses on developing green hydrogen projects in the range of 5 to 50 megawatt for mobility and industrial applications.

Another major player is MAN Energy Solutions. MAN Energy Solutions, which was formed from the merger of MAN Diesel and MAN Turbo, is one of the producers of large-bore diesel engines and turbomachinery. In January 2020, MAN Energy solutions, MISC Berhad, Samsung Heavy Industries (SHI), and Lloyd’s Register formed a joint venture to develop a green ammonia-fueled tanker to support the shipping industry’s drive towards a decarbonized future.

Related Reports:

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

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Report Code
EP 7700
RI Published ON
1/10/2022
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