Global Green Ammonia Market
The global Green Ammonia market was valued at USD 149.57 million in 2021 which expected to reach USD 567 million by 2027 at a CAGR 24.59 % from 2021-2027.
The green ammonia industry is still in its early stages. Green ammonia production appears to be the subject of increased research and development efforts, which are expected to increase as a result of increased public awareness and governmental laws concerning carbon dioxide emissions and the preservation of the atmosphere's wellness. Green ammonia can also have a big impact by reducing the world's reliance on fossil fuels and helping to reduce greenhouse gas emissions. Green ammonia is created by electrolyzing water to generate hydrogen, which is powered by renewable energy sources such as solar, wind, and hydroelectric.
Market Drivers
Green ammonia demand is expected to rise in the coming years as people become more aware of the importance of producing clean energy and reducing their carbon footprint. The product's growing popularity as a marine fuel and shipping in the transportation industry, as it emits zero carbon and leaves no Sulphur traces, resulting in improved air quality, is expected to drive market growth in the near future.
Market Opportunities
Currently, the transportation sector accounts for 3% of global greenhouse gas emissions, owing to the extensive use of petroleum and high gasoline. Heavy petroleum oils, a byproduct of petroleum product distillation, are the most common type of bunker fuel for ships. When this high-sulfur fuel is used in a vessel's engine, toxic SOx is released into the atmosphere. According to DNV GL's Decarbonization Forecast, the IMO's 2050 carbon reduction targets can be met by using cutting-edge ship layouts and urea as renewable fuels.
Market Segmentation
The Global Green Ammonia Market is segmented into Technology, End-Use. By Technology such as Maternity/Nursing Bras, Camisoles, Shapewear, Maternity Briefs. Further, market is segmented into By End-Use such as Power Generation, Transportation, Fertilizer, Refrigeration, Others.
Regional Analysis
Global Green Ammonia Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominated the Green Ammonia market. This expansion is attributed to increased R&D for hydrogen production and the region's adoption of electric vehicles. Furthermore, government support, increased investor investment, and the feasibility of the technology in the region are driving market growth.
Due to the increasing adoption of technological advancements, Spain and Germany are two countries in the European region where the product is in high demand. With the market becoming more consolidated, Europe is home to numerous ammonia production facilities and offers thriving opportunities for manufacturers. Instead of using natural gas as the primary feedstock, green ammonia uses green hydrogen as the primary raw material, which is produced from renewable energy and water.
Key Players
Various key players are listed in this report such as MAN Energy Solutions; Siemens Energy; ITM Power PLC; Nel Hydrogen; Hydrogenics; ThyssenKrupp AG; McPhy Energy; Green Hydrogen Systems; EXYTRON; Electrochaea, . among others.
Market Taxonomy
By Technology
By End-Use
By Region
Key Questions Addressed by the Report
Global Green Ammonia Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Green Ammonia Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Green Ammonia Market, By Technology
5.1 Y-o-Y Growth Comparison, By Technology
5.2 Global Green Ammonia Market Share Analysis, By Technology
5.3 Global Green Ammonia Market Size and Forecast, By Technology
5.3.1 Solid Oxide Electrolysis
5.3.2 Proton Exchange Membrane
5.3 3 Alkaline Water Electrolysis
6 Global Green Ammonia Market, By End-Use
6.1 Y-o-Y Growth Comparison, By End-Use
6.2 Global Green Ammonia Market Share Analysis, By End-Use
6.3 Global Green Ammonia Market Size and Forecast, By End-Use
6.3.1 Power Generation
6.3.2 Transportation
6.3.3 Fertilizer
6.3.4 Refrigeration
6.3.5 Others
7 Global Green Ammonia Market, By Region
7.1 Global Green Ammonia Market Share Analysis, By Region
7.2 Global Green Ammonia Market Share Analysis, By Region
7.3 Global Green Ammonia Market Size and Forecast, By Region
8 North America Green Ammonia Market Analysis and Forecast (2021-2027)
8.1 Introduction
8.2 North America Green Ammonia Market Share Analysis, By Technology
8.3 North America Green Ammonia Market Size and Forecast, By End-Use
8.4 North America Green Ammonia Market Size and Forecast, By Country
8.5.1 U.S.
8.6.2 Canada
9.7.3 Mexico
9 Europe Green Ammonia Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Green Ammonia Market Share Analysis, By Technology
9.3 Europe Green Ammonia Market Size and Forecast, By End-Use
9.4 Europe Green Ammonia Market Size and Forecast, By Country
9.5.1 Germany
9.6.2 France
9.7.3 UK
9.8.4. Rest of Europe
10 Asia Pacific Green Ammonia Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Green Ammonia Market Share Analysis, By Technology
10.3 Asia Pacific Green Ammonia Market Size and Forecast, By End-Use
10.4 Asia Pacific Green Ammonia Market Size and Forecast, By Country
10.5.1 China
10.6.2 Japan
10.7.3 India
10.8.4. Rest of Asia Pacific
11 Latin America Green Ammonia Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Green Ammonia Market Share Analysis, By Technology
11.3 Latin America Green Ammonia Market Size and Forecast, By End-Use
11.4 Latin America Green Ammonia Market Size and Forecast, Country
11.5.1. Brazil
11.6.2. Rest of Latin America
12 Middle East Green Ammonia Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Middle East Green Ammonia Market Share Analysis, By Technology
12.3 Middle East Green Ammonia Market Size and Forecast, By End-Use
12.4 Middle East Green Ammonia Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.6.2. UAE
12.7.3. Egypt
12.8.4. Kuwait
12.9.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 MAN Energy Solutions
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Siemens Energy
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. ITM Power PLC
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Nel Hydrogen
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Hydrogenics
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 ThyssenKrupp AG
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 McPhy Energy
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Green Hydrogen Systems
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 EXYTRON
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Electrochaea
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
