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Green Ammonia Market Segmentation by Technology (Alkaline Water Electrolysis, Proton Exchange Membrane, and Solid oxide Electrolysis); and by Application (Industrial Feedstock, Green Fertilizer, Marine Fuel, Power Generation, and Others) – Global Demand Analysis & Opportunity Outlook 2019-2028

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Extensive insights into the Growth of Green Ammonia Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • March 25, 2021: Nel ASA announced that it has signed a memorandum of understanding (MoU) with Haldor Topsoe for delivering green ammonia and methanol solutions.

  • January 22, 2020: McPhy Energy S.A. announced that it would supply all the equipment required for the production of zero-carbon hydrogen to a project initiated by the two leading industrial groups, Nouryon and Gasunie in the Netherlands.

Global Green Ammonia Market Highlights Over 2019 - 2028

The global green ammonia market is estimated to garner a revenue of USD 851.3 Million by the end of 2028 from USD 13.15 Million in 2019 by growing with a CAGR of 62.84% during the forecast period, i.e., 2021-2028. The growth of the market can be attributed primarily to the rapidly increasing need to reduce greenhouse gas emissions worldwide, along with the increasing adoption of energy-efficient technology across countries globally.

Green Ammonia Market GraphGreen ammonia is used across various industries as a building block such as fabrics, pesticides, fertilizer, plastics, explosives, and dyes in residential and commercials applications and it is the 2nd most-produced chemical globally. However, the traditional procedure of producing ammonia consumes fossil fuels such as coal, natural gas, and others, on account of which it is responsible for global greenhouse gases emission. The conventional process of ammonia production results in the production of high amount of carbon dioxide, on account of which there is an increasing demand for renewable energy sources for the production of green ammonia. According to the statistics by Climate Watch, total greenhouse gas emissions around the world increased from 32645.91 MtCO2e in 1990 to 48939.71 MtCO2e in 2018. To reduce the level of greenhouse gas emission, many market players are shifting their focus towards ecological process, which is further anticipated to drive the market growth.CLICK TO DOWNLOAD SAMPLE REPORT

Total Green House Gas Emissions Graph

On the other hand, energy efficiency programs, which use smart technologies for achieving decarbonization goals is a significant trend in the market.  The adoption of the energy-as-a-service model is among a key method for capturing value associated with the energy efficiency improvements. Nevertheless, service models have significantly improved the energy efficiency gap via aligning the incentives between consumers and energy service companies in order to reduce the overall energy consumption, which is also anticipated to create numerous opportunities for market growth. Furthermore, the increasing use of alkaline water technology, proton exchange membrane technology, solid oxide electrolysis and others for the production of green ammonia, is also anticipated to drive the market growth during the forecast period.

Global Green Ammonia Market Regional Synopsis

Regionally, the global green ammonia market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Amongst these regions, the market in Europe is anticipated to hold the largest market share throughout the forecast period and is further projected to reach USD 558.03 Million by the end of 2028. The market in the region is further anticipated to grow with the highest CAGR of 65.37% during the forecast period. The growth of the market in the region can be attributed to the increasing number of green hydrogen projects in the European countries, such as in Germany, UK, and Netherlands, backed by the supporting initiatives of the governments of the countries in the region. Further, amongst all the countries in the region, the green ammonia market in Netherlands is anticipated to hold the largest market share of 40.70% and further touch USD 227.12 Million by the end of 2028. The market in Germany, on the other hand, is anticipated to grow with the highest CAGR of 86.35% during the forecast period.

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Growth Drivers and Challenges Impacting the Growth of the Global Green Ammonia Market

Growth Drivers

  • Growing Need to Reduce Green House Gas Emissions
  • Rise in Adoption of Energy-Efficient Technologies

Challenges

  • High Initial Capital Investment
  • Lack of Awareness about Green Ammonia

Global Green Ammonia Market Segmentation Synopsis

The global green ammonia market is segmented by technology into alkaline water electrolysis, proton exchange membrane, and solid oxide electrolysis. Amongst these segments, the solid oxide electrolysis segment is anticipated to hold the largest market share throughout the forecast period and further attain a market revenue of USD 496.38 Million by the end of 2028. The solid oxide electrolysis (SOEC) process is one of the most prominent methods of producing green ammonia. The production process splits water to generate hydrogen, which is then utilized for synthesis of green ammonia. The technology is beneficial than other processes as it uses the internal wasted heat generated during splitting water molecule and decreases the amount of overall energy required during the process. The SOEC technology is majorly used for the large-scale production of hydrogen. The rising awareness among the chemical manufacturers for the process is further projected to drive the growth of the segment during the forecast period. Based on application, the market is segmented into industrial feedstock, green fertilizer, marine fuel, power generation, and others. Amongst these segments, the power generation segment is projected to hold the largest market share during the forecast period and further touch USD 393.81 Million by the end of 2028.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global green ammonia market that are included in our report are Nel ASA, Siemens AG, ITM Power, thyssenkrupp Industrial Solutions, MAN Energy Solutions SE, McPhy Energy S.A., and others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

  1. Introduction
    1. Market Definition
    2. Market Segmentation
    3. Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
    1. Research Process
    2. Primary Research
    3. Secondary Research
    4. Market Size Estimation
  4. Executive Summary- Global Green Ammonia Market
  5. Regulatory Landscape
  6. Market Lineage Outlook
  7. Market Dynamics
    1. Drivers
    2. Restraints
    3. Trends
    4. Opportunities
  8. Raw Material Outlook
  9. Impact of Covid-19 on Green Ammonia Market
  10. Company Profiles
    1. Nel ASA
    2. Siemens AG
    3. ITM Power
    4. thyssenkrupp Industrial Solutions
    5. MAN Energy Solutions SE
    6. McPhy Energy S.A.
  11. Global Green Ammonia Market Outlook
    1. Market Size and Forecast, 2019-2028
      1. By Value (USD Million), 2019-2028F
      2. By Volume (Tons), 2019-2028F
      3. Price Trend Analysis
      4. Market Segmentation
      5. By Technology
        1. Alkaline Water Electrolysis, Proton Exchange Membrane, Solid Oxide Electrolysis, 2019-2028F (USD Million)
      6. By Application
        1. Industrial Feedstock, Green Fertilizer, Marine Fuel, Power Generation, Others, 2019-2028F (USD Million & Tons)
      7. By Region
        1. North America, Europe, Asia Pacific, Rest of the World, 2019-2028F (USD Million & Tons)
  12. North America Green Ammonia Market Outlook
    1. Market Size, By Value & Volume (USD Million & Tons)
    2. Market Overview
    3. By Technology
      1. Alkaline Water Electrolysis, Proton Exchange Membrane, Solid Oxide Electrolysis, 2019-2028F (USD Million)
    4. By Application
      1. Industrial Feedstock, Green Fertilizer, Marine Fuel, Power Generation, Others, 2019-2028F (USD Million & Tons)
    5. By Country
      1. US, Canada, 2019-2028F (USD Million & Tons)
  13. US Green Ammonia Market
    1. By Technology
      1. Alkaline Water Electrolysis, Proton Exchange Membrane, Solid Oxide Electrolysis, 2019-2028F (USD Million)
    2. By Application
      1. Industrial Feedstock, Green Fertilizer, Marine Fuel, Power Generation, Others, 2019-2028F (USD Million)
  14. Canada Green Ammonia Market
    1. By Technology
      1. Alkaline Water Electrolysis, Proton Exchange Membrane, Solid Oxide Electrolysis, 2019-2028F (USD Million)
    2. By Application
      1. Industrial Feedstock, Green Fertilizer, Marine Fuel, Power Generation, Others, 2019-2028F (USD Million)
  15. Europe Green Ammonia Market Outlook
    1. Market Size, By Value & Volume (USD Million & Tons)
    2. Market Overview
    3. By Technology
      1. Alkaline Water Electrolysis, Proton Exchange Membrane, Solid Oxide Electrolysis, 2019-2028F (USD Million)
    4. By Application
      1. Industrial Feedstock, Green Fertilizer, Marine Fuel, Power Generation, Others, 2019-2028F (USD Million & Tons)
    5. By Country
      1. UK, Germany, Netherlands, Rest of Europe, 2019-2028F (USD Million & Tons)
  16. UK Green Ammonia Market
    1. By Technology
      1. Alkaline Water Electrolysis, Proton Exchange Membrane, Solid Oxide Electrolysis, 2019-2028F (USD Million)
    2. By Application
      1. Industrial Feedstock, Green Fertilizer, Marine Fuel, Power Generation, Others, 2019-2028F (USD Million)
  17. Germany Green Ammonia Market
    1. By Technology
      1. Alkaline Water Electrolysis, Proton Exchange Membrane, Solid Oxide Electrolysis, 2019-2028F (USD Million)
    2. By Application
      1. Industrial Feedstock, Green Fertilizer, Marine Fuel, Power Generation, Others, 2019-2028F (USD Million)
  18. Netherlands Green Ammonia Market
    1. By Technology
      1. Alkaline Water Electrolysis, Proton Exchange Membrane, Solid Oxide Electrolysis, 2019-2028F (USD Million)
    2. By Application
      1. Industrial Feedstock, Green Fertilizer, Marine Fuel, Power Generation, Others, 2019-2028F (USD Million)
  19. Rest of Europe Green Ammonia Market
    1. By Technology
      1. Alkaline Water Electrolysis, Proton Exchange Membrane, Solid Oxide Electrolysis, 2019-2028F (USD Million)
    2. By Application
      1. Industrial Feedstock, Green Fertilizer, Marine Fuel, Power Generation, Others, 2019-2028F (USD Million)
  20. Asia Pacific Green Ammonia Market Outlook
    1. Market Size, By Value & Volume (USD Million & Tons)
    2. Market Overview
    3. By Technology
      1. Alkaline Water Electrolysis, Proton Exchange Membrane, Solid Oxide Electrolysis, 2019-2028F (USD Million)
    4. By Application
      1. Industrial Feedstock, Green Fertilizer, Marine Fuel, Power Generation, Others, 2019-2028F (USD Million & Tons)
    5. By Country
      1. China, Japan, Australia, Rest of APAC, 2019-2028F (USD Million & Tons)
  21. China Green Ammonia Market
    1. By Technology
      1. Alkaline Water Electrolysis, Proton Exchange Membrane, Solid Oxide Electrolysis, 2019-2028F (USD Million)
    2. By Application
      1. Industrial Feedstock, Green Fertilizer, Marine Fuel, Power Generation, Others, 2019-2028F (USD Million)
  22. Japan Green Ammonia Market
    1. By Technology
      1. Alkaline Water Electrolysis, Proton Exchange Membrane, Solid Oxide Electrolysis, 2019-2028F (USD Million)
    2. By Application
      1. Industrial Feedstock, Green Fertilizer, Marine Fuel, Power Generation, Others, 2019-2028F (USD Million)
  23. Australia Green Ammonia Market
    1. By Technology
      1. Alkaline Water Electrolysis, Proton Exchange Membrane, Solid Oxide Electrolysis, 2019-2028F (USD Million)
    2. By Application
      1. Industrial Feedstock, Green Fertilizer, Marine Fuel, Power Generation, Others, 2019-2028F (USD Million)
  24. Rest of Asia Pacific Green Ammonia Market
    1. By Technology
      1. Alkaline Water Electrolysis, Proton Exchange Membrane, Solid Oxide Electrolysis, 2019-2028F (USD Million)
    2. By Application
      1. Industrial Feedstock, Green Fertilizer, Marine Fuel, Power Generation, Others, 2019-2028F (USD Million)
  25. Rest of The World Green Ammonia Market Outlook
    1. Market Size, By Value & Volume (USD Million & Tons)
    2. Market Overview
    3. By Technology
      1. Alkaline Water Electrolysis, Proton Exchange Membrane, Solid Oxide Electrolysis, 2019-2028F (USD Million)
    4. By Application
      1. Industrial Feedstock, Green Fertilizer, Marine Fuel, Power Generation, Others, 2019-2028F (USD Million & Tons)

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