DUBLIN, July 24, 2020 /PRNewswire/ — The “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” report has been added to ResearchAndMarkets.com’s offering.
The green ammonia market was valued at USD 17 million in 2019 and is projected to reach USD 852 million by 2030, at a CAGR of 54.9% during the forecast period.
Rising obligations to reduce greenhouse gas emissions from traditional ammonia methods have driven the global green ammonia market growth. Furthermore, increased agriculture production and subsequent rise in fertilizer consumption is driving the green ammonia market. However, higher initial capital requirements for green ammonia plant infrastructures is likely to hamper the growth of green ammonia market.
The power generation segment, by end-user, is expected to be the