Global Green Ammonia Market Size study, by Technology (Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM), and Solid Oxide Electrolysis (SOE)), End User (Transportation, Power Generation, and Industrial Feedstock) and Regional Forecasts 2020-2027
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Product Code:
RP-ID-10328138 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
199 -
Category:
Energy & Power -
Publisher:
Pub-ID-14
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
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Global Green Ammonia Market is valued approximately at USD 9.52 million in 2019 and is anticipated to grow with a healthy growth rate of more than 53.90% over the forecast period 2020-2027. Green ammonia production is where the process of making ammonia is 100% renewable and carbon-free. Contrasting from conventional ammonia, which is manufactured using natural gas as feedstock, green ammonia is made by using solar/wind/hydropower to produce electricity that then feeds an electrolyser to extract hydrogen from water, while nitrogen is separated from air using an air separation unit. Increasing investments in green fuel and large-scale green energy plans drive the green Ammonia market. Furthermore, growing governmental stringency towards reduction of greenhouse gas emissions from traditional ammonia methods propels the attention towards green ammonia. Moreover, ammonia is extensively used in multiple end-use industries namely, fertilizers, dyes, fabrics, explosives and pesticides. The extensive use of Ammonia in these industries and the parallel shift towards green ammonia drives the market growth. Worldwide, about 72% of the total ammonia is fashioned from natural gas by means of the steam reforming process. This fallouts in high level of carbon dioxide discharges. However, Higher preliminary capital requirements for green ammonia plant set-up impedes the growth of the market over the forecast period of 2020-2027. Although, use of ammonia as a maritime fuel presents a lucrative opportunity for the market. The International Maritime Organization (IMO) 2020 protocols has lowered the limit of sulfur in transportation oil utilized in onboard ships to 0.5% m/m (mass by mass). This will result in transition towards higher quality marine fuels, which will bring growth opportunities for the green ammonia market.
The regional analysis of global Green Ammonia market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the extensive use of ammonia and stringent government regulations. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as booming chemical production and rising focus towards renewable energy production would create lucrative growth prospects for the Green Ammonia market across Asia-Pacific region.
Major market player included in this report are:
Siemens AG
thyssenkruppNel
MAN Energy Solutions
Green Hydrogen Systems
McPhy Energy
Electrochaea
Hydrogenics
ITM Power
Uniper
Yara International
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Technology:
Alkaline Water Electrolysis (AWE)
Proton Exchange Membrane (PEM)
Solid Oxide Electrolysis (SOE)
By End User:
Transportation
Power Generation
Industrial Feedstock
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Green Ammonia Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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Siemens AG
thyssenkruppNel
MAN Energy Solutions
Green Hydrogen Systems
McPhy Energy
Electrochaea
Hydrogenics
ITM Power
Uniper
Yara International