Green Ammonia Market By Technology (Proton Exchange Membrane (PEM), Alkaline Water Electrolysis (AWE), and Solid Oxide Electrolysis (SOE)), By End user (Power Generation, Transportation, and Industrial Feedstock), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and rest of the world) – Ammonia Industry Size Growth Analysis Forecast Report 2021-2026
Green Ammonia Market Research Overview:
Green Ammonia Market size valued at USD 11 million in 2021, and it is expected to reach USD 700 million by the end of 2026, with growth at a CAGR of 40% during the forecast period 2021-2026. Ammonia is a chemical that is placed most produced chemical in the world and it performs as a construction block for different endues productions, such as plastics, fertilizer, fabrics, explosives, dyes, and pesticides.
Green Ammonia Market Scenario:
At present, the foremost factor hampering the evolution of the green ammonia market is the capital-intensive nature of green ammonia plants. The green ammonia market has encouraging advance possible due to the growing consumption of green ammonia as a maritime fuel the distribution industry presently gives to 3% of the global greenhouse emissions, and this is essentially due to high sulfur fuel for ships and large consumption of diesel.
Green ammonia equipment is still in its recently come into existence phase. Procedures directly producing ammonia from nitrogen and water contain photochemical synthesis, electrochemical synthesis, or chemical looping. On the other hand, such procedures are linked with important technical challenges, which need investment in time and Research & Development actions.
Global Green Ammonia Market is segmented into the following:
Global Green Ammonia Market is segmented into Based on Technology and Based on End-user. Depending on Technology it is subdivided into Proton Exchange Membrane (PEM), Alkaline Water Electrolysis (AWE), and Solid Oxide Electrolysis (SOE). Depending on End-user it is subdivided into Power Generation, Transportation, and Industrial Feedstock.
Global Green Ammonia Market segmented by Regions and Countries:
Global Green Ammonia Market Geographical Classification into North America into the USA, Canada, Latin America into Brazil, Argentina, Mexico, Europe into UK, Germany, Spain, France, London, Italy, and rest of the European countries. The Middle East and Africa into UAE, KSA, Qatar, and South Africa, Asia Pacific into India, China, Japan, Malaysia, Singapore, Australia, and the Rest of the APAC countries
Green Ammonia Market Regional Growth Overview:
In the green ammonia market, there are major regions playing a key roles such as North America, Asia Pacific, and Europe. Europe’s green ammonia market is projected to be the major market from 2020 to 2026, determined by the progression in green hydrogen developments in the Netherlands and Germany. Furthermore, promising government guidelines and resourcefulness to produce green hydrogen is predictable to initiative the demand for green ammonia.
Green Ammonia Market Major Companies listed in the market report:
The key companies in the global green ammonia market are; such as MAN Energy Solutions, Siemens, ITM Power, Yara International, Nel Hydrogen Solutions, and Haldor Topsoe.
Global Green Ammonia Market Segmentation:
- Alkaline Water Electrolysis (AWE)
- Proton Exchange Membrane (PEM)
- Solid Oxide Electrolysis (SOE)
By End User:
- Power generation
- Industrial Feedstock
Global Green Ammonia Market Geography Segment:
- North America
- Latin America
- Middle East and Africa
- Asia Pacific
- Rest of the World
The Prominent Key Players Covered in the market report:
- MAN Energy Solutions
- ITM Power
- Yara International
- Nel Hydrogen Solutions
- Haldor Topsoe
- Others (not listed in the description)
Please fill the form for Table of Content