European green ammonia market is anticipated to grow at a significant CAGR of 5.6% during the forecast period . Ammonia has nine times the energy density of Li-ion batteries, and three times that of compressed hydrogen, creating potential as a carbon-free energy carrier. Although, the ammonia as a fertilizer has a well established market; the market for green ammonia is still on its traction to grow across the globe. The green ammonia offers several benefits as a power generation source and transportation fuel; therefore, key players of the market are investing in the green ammonia projects to exploit the actual potential of the green ammonia market.
For instance, in February 2021, Yara International ASA entered into partnership with Statkraft AS and Aker ASA to switch its facility in Porsgrunn, Norway to run on renewable energy and convert its production methods to eliminate the use of natural gas. As per the companies doing so could potentially cut 800,000 tons of carbon dioxide a year; the equivalent of emissions from 300,000 cars. Such initiatives by the key players operating in the region are likely to drive the growth of the regional market.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered-
- By Technology
- By Application
- Competitive Landscape- Haldor Topsøe A/S, ITM Power Plc, Man Energy Solutions SE, Siemens AG, and Yara International ASA
A full Report of European Green ammonia Market is Available at: https://www.omrglobal.com/industry-reports/european-green-ammonia-market
European Green ammonia Market Report Segment
By Technology
- Alkaline Water Electrolysis (AWE)
- Proton Exchange Membrane (PEM)
- Solid Oxide Electrolysis (SOE)
By Application
- Transportation Fuel
- Power Generation and Energy Storage
- Fertilizer
- Other (Textile & Pharmaceuticals, Explosives, Refrigeration & Heat Transfer Application)
European Green Ammonia Market Report Segment by Region
- UK
- Germany
- France
- Italy
- Spain
Rest of Europe
Company Profiles
- Enapter GmbH
- Green Hydrogen Systems
- Grieg Edge AS
- Haldor Topsøe A/S
- ITM Power Plc
- Man Energy Solutions SE
- MCPHY Energy SAS
- Nel Hydrogen AS
- Proton Ventures BV
- Siemens AG
- Thyssenkrupp Industrial Solutions AG
- Uniper SE
- Yara International ASA
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- Over 100+ paid data sources mined for investigation.
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