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VDMA announced as partner country of Hannover Messe 2024, along with Norway, aiming for climate-neutral future

VDMA announced as partner country of Hannover Messe 2024
VDMA announced as partner country of Hannover Messe 2024
VoM News Desk | April 8, 2024 | 02:11 PM IST | Norway, World | Follow on Google News

VDMA announced as partner country of Hannover Messe 2024, along with Norway, aiming for climate-neutral future

VDMA announced as partner country of Hannover Messe 2024, along with Norway, aiming for climate-neutral future

VDMA: Partner country of Hannover Messe 2024 – Together with Norway on the path to a climate-neutral future

Partner country of Hannover Messe 2024:Together with Norway on the path to a climate-neutral future .
Focus on energy projects and hydrogen.
Germany is the most important machine supplier for the northern European Country.
Machinery exports increase 9.4 per cent in 2023  

OSLO, 8 APRIL 2024 – Norway and Germany share a clear commitment to creating a climate-neutral future and relying on cutting-edge technologies to do so.

To this end, the two countries recently agreed on a strategic partnership in the areas of climate, renewable energy and green industry. The common goal is to drive forward the decarbonisation of the economy. The two countries intend to establish a large-scale supply of hydrogen and the necessary infrastructure from Norway to Germany by 2030. As part of this transformation, Norway is offering “blue” hydrogen (produced from natural gas with subsequent CO2 storage) as a bridging technology until sufficient affordable “green” hydrogen, produced from renewable energies, is available.

There are numerous projects in the northern European country for the development of value chains in the field of green hydrogen. Ammonia and hydrogen factories are planned throughout the country. Norway also wants to decarbonise its key process engineering and maritime industries. “The mechanical and plant engineering sector supplies the necessary technologies and therefore plays a key role in this transformation. This is also evident at this year’s Hannover Messe, where Norway is the partner country and the theme is ‘Energizing a Sustainable Future’,” explains VDMA Northern Europe expert Yvonne Heidler.

Norway scores with innovations

Norway benefits from its innovative spirit in the green transformation. Norway is at the forefront of EU research funding and is one of the ten largest recipients of research funding from the EU. Since 1994, Norway has participated fully in European research and innovation co-operation on the basis of the EEA Agreement. Heidler emphasises: “There is also a very innovative environment in Norwegian companies.

The spirit of innovation is favoured by flat company hierarchies, a willingness to take risks in implementing new ideas and a pronounced affinity for technology. The lower regulatory environment also offers ideal framework conditions.” Mechanical engineering with a strong position in NorwayMachinery and plant engineering from Germany has a strong position in Norway.

The volume of the Norwegian machinery market reached a total of 11 billion euros in 2023, of which almost 84 per cent was imported. Germany was the most important supplier in 2023 with a market share of 14.9 per cent, followed by Sweden. “Norwegian customers appreciate the high quality and technology, customised solutions and good local service. They are also prepared to pay higher prices for this,” explains Heidler. 

German machinery exports to Norway reached a value of 1.5 billion euros in 2023- a significant increase of 9.4 per cent compared to the previous year. This put the northern European country in 27th place in the export rankings. In 2022, exports had grown by 2.8 per cent. The most important sectors of German machinery exports to Norway last year were materials handling technologies (up 41 per cent), followed by agricultural machinery, construction and building material machinery, air technology and food and packaging machinery. 

Energy characterises Norway’s industry

The Norwegian machinery market is an important part of the country’s industrial structure and makes a significant contribution to economic development and global trade relations. Within the Norwegian manufacturing industry, mechanical engineering is the sixth most important industrial sector (in terms of turnover) and the fifth most important in terms of employment. Subsectors that are closely linked to the energy sector are particularly strong. In 2021, the sector recorded a turnover of 4.8 billion euros and employed 15,200 people.

By comparison, the leading manufacturing industry in Norway, the food industry, achieved a turnover of 24 billion euros in the same period and employed a good 47,500 people. Further information on the partner country of the Hannover Messe can be found here.
The VDMA represents 3,600 German and European machinery and equipment manufacturing companies. The industry stands for innovation, export orientation and SMEs. The companies employ around 3 million people in the EU-27, more than 1.2 million of them in Germany alone. This makes mechanical and plant engineering the largest employer among the capital goods industries, both in the EU-27 and in Germany. In the European Union, it represents a turnover volume of an estimated 770 billion euros. Around 80 percent of the machinery sold in the EU comes from a manufacturing plant in the domestic market. 
VoM News Desk
VoM News Desk

VoM News is an online web portal in jammu Kashmir offers regional, National & global news.

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