Global Green ammonia Market Size, Share & Trends Analysis Report by Technology (Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM), Solid Oxide Electrolysis (SOE)), By Application (Transportation Fuel, Power Generation and Energy Storage, Fertilizer, Other (Textile & Pharmaceuticals, Explosives, Refrigeration & Heat Transfer Application)), Forecast Period 2021-2027.
The global green ammonia market is anticipated to grow at a significant CAGR of 7.8% during the forecast period (2021-2027). The growing inclination towards the sustainable source of energy for power generation and transportation fuel is a key factor driving the growth of the global green ammonia market. However, the high cost of its plant setup is likely to hinder its market growth during the forecast period.
The global green ammonia market is segmented based on technology and application. Based on technology, the market is segmented into Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM), and Solid Oxide Electrolysis (SOE). SOECs have possible application in fuel production, carbon dioxide recycling, and chemicals synthesis. Therefore, SOE is expected to exhibit considerable growth during the forecast period. Based on application, the market is segmented into transportation fuel, power generation and energy storage, fertilizer, and others.
Geographically, the global green ammonia market is classified into North America, Europe, Asia-Pacific, and Rest of the World. Europe is anticipated to have a significant market share in the global market. The growth of the region is being primarily driven by the presence of green hydrogen projects across the region. Asia-Pacific is estimated to have considerable growth in the global market during the forecast period. Presence of cohesive government initiatives is likely to drive the growth of the regional market.
The key players that are contributing significantly to the growth of the global green ammonia market include Haldor Topsøe A/S, Yara International ASA, CF Industries Holdings, Inc., and others. These companies are making continuous investments in R&D to make progress in producing technologically advanced green ammonia. Mergers & acquisitions, geographical expansion, production capacity expansion, partnerships, and collaborations are some of the key strategies adopted by the market players to remain competitive in the market place.
Research Methodology
The market study of the global green ammonia market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. The research analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary sources include:
Market Segmentation:
1. Global Green Ammonia Market Research and Analysis By Technology
2. Global Green Ammonia Market Research and Analysis By Application
The Report covers:
The global green ammonia market is anticipated to grow at a significant CAGR of 7.8% during the forecast period (2021-2027). The growing inclination towards the sustainable source of energy for power generation and transportation fuel is a key factor driving the growth of the global green ammonia market. However, the high cost of its plant setup is likely to hinder its market growth during the forecast period.
The global green ammonia market is segmented based on technology and application. Based on technology, the market is segmented into Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM), and Solid Oxide Electrolysis (SOE). SOECs have possible application in fuel production, carbon dioxide recycling, and chemicals synthesis. Therefore, SOE is expected to exhibit considerable growth during the forecast period. Based on application, the market is segmented into transportation fuel, power generation and energy storage, fertilizer, and others.
Geographically, the global green ammonia market is classified into North America, Europe, Asia-Pacific, and Rest of the World. Europe is anticipated to have a significant market share in the global market. The growth of the region is being primarily driven by the presence of green hydrogen projects across the region. Asia-Pacific is estimated to have considerable growth in the global market during the forecast period. Presence of cohesive government initiatives is likely to drive the growth of the regional market.
The key players that are contributing significantly to the growth of the global green ammonia market include Haldor Topsøe A/S, Yara International ASA, CF Industries Holdings, Inc., and others. These companies are making continuous investments in R&D to make progress in producing technologically advanced green ammonia. Mergers & acquisitions, geographical expansion, production capacity expansion, partnerships, and collaborations are some of the key strategies adopted by the market players to remain competitive in the market place.
Research Methodology
The market study of the global green ammonia market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. The research analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary sources include:
- Financial reports of companies involved in the market
- Whitepapers, research-papers, and news blogs
- Company websites and their product catalog
Market Segmentation:
1. Global Green Ammonia Market Research and Analysis By Technology
2. Global Green Ammonia Market Research and Analysis By Application
The Report covers:
- Comprehensive research methodology of the global green ammonia market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global green ammonia market.
- Insights about market determinants which are stimulating the global green ammonia market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Green Ammonia Market, By Technology
5.1.1. Alkaline Water Electrolysis (AWE)
5.1.2. Proton Exchange Membrane (PEM)
5.1.3. Solid Oxide Electrolysis (SOE)
5.2. Global Green Ammonia Market, By Application
5.2.1. Transportation Fuel
5.2.2. Power Generation and Energy Storage
5.2.3. Fertilizer
5.2.4. Other (Textile & Pharmaceuticals, Explosives, Refrigeration & Heat Transfer Application)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Enapter GmbH
7.2. Green Hydrogen Systems
7.3. Haldor Topsoe A/S
7.4. Hiringa Energy Ltd.
7.5. Hydrogenics (Cummins Inc.)
7.6. ITM Power Plc
7.7. Man Energy Solutions SE
7.8. MCPHY Energy SAS
7.9. Nel Hydrogen AS
7.10. Queensland Nitrates Pty Ltd.
7.11. Siemens AG
7.12. Thyssenkrupp Industrial Solutions AG
7.13. Uniper SE
7.14. Yara International ASA
7.15. Proton Ventures BV
7.16. Grieg Edge AS
7.17. CF Industries Holdings, Inc.List of Tables
1. Global Green Ammonia Market Research and Analysis by Technology, 2020-2027 ($ Million)
2. Global Alkaline Water Electrolysis (Awe) Market Research and Analysis by Region, 2020-2027 ($ Million)
3. Global Proton Exchange Membrane (Pem) Market Research and Analysis by Region, 2020-2027 ($ Million)
4. Global Solid Oxide Electrolysis (Soe) Market Research and Analysis by Region, 2020-2027 ($ Million)
5. Global Green Ammonia Market Research and Analysis by Application, 2020-2027 ($ Million)
6. Global Transportation Fuel Market Research and Analysis by Region, 2020-2027 ($ Million)
7. Global Power Generation and Energy Storage Market Research and Analysis by Region, 2020-2027 ($ Million)
8. Global Fertilizer Market Research and Analysis by Region, 2020-2027 ($ Million)
9. Global Other (Textile & Pharmaceuticals, Explosives, Refrigeration & Heat Transfer Application) Market Research and Analysis by Region, 2020-2027 ($ Million)
10. North American Green Ammonia Market Research and Analysis by Country, 2020-2027 ($ Million)
11. North American Green Ammonia Market Research and Analysis by Technology, 2020-2027 ($ Million)
12. North American Green Ammonia Market Research and Analysis by Application, 2020-2027 ($ Million)
13. European Green Ammonia Market Research and Analysis by Country, 2020-2027 ($ Million)
14. European Green Ammonia Market Research and Analysis by Technology, 2020-2027 ($ Million)
15. European Green Ammonia Market Research and Analysis by Application, 2020-2027 ($ Million)
16. Asia-Pacific Green Ammonia Market Research and Analysis by Country, 2020-2027 ($ Million)
17. Asia-Pacific Green Ammonia Market Research and Analysis by Technology, 2020-2027 ($ Million)
18. Asia-Pacific Green Ammonia Market Research and Analysis by Application, 2020-2027 ($ Million)
19. Rest of the World Green Ammonia Market Research and Analysis by Country, 2020-2027 ($ Million)
20. Rest of the World Green Ammonia Market Research and Analysis by Technology, 2020-2027 ($ Million)
21. Rest of the World Green Ammonia Market Research and Analysis by Application, 2020-2027 ($ Million)List of Figures
1. Global Green Ammonia Market Share by Technology, 2020 Vs 2027 (%)
2. Global Green Ammonia Market Share by Application, 2020 Vs 2027 (%)
3. Global Green Ammonia Market Share by Geography, 2020 Vs 2027 (%)
4. Global Alkaline Water Electrolysis (Awe) Market Share by Region, 2020 Vs 2027 (%)
5. Global Proton Exchange Membrane (Pem) Market Share by Region, 2020 Vs 2027 (%)
6. Global Solid Oxide Electrolysis (Soe) Market Share by Region, 2020 Vs 2027 (%)
7. Global Green Ammonia for Transportation Fuel Market Share by Region, 2020 Vs 2027 (%)
8. Global Green Ammonia for Power Generation and Energy Storage Market Share by Region, 2020 Vs 2027 (%)
9. Global Green Ammonia for Fertilizer Market Share by Region, 2020 Vs 2027 (%)
10. Global Green Ammonia for Other (Textile & Pharmaceuticals, Explosives, Refrigeration & Heat Transfer Application) Imaging Market Share by Region, 2020 Vs 2027 (%)
11. US Green Ammonia Market Size, 2020-2027 ($ Million)
12. Canada Green Ammonia Market Size, 2020-2027 ($ Million)
13. UK Green Ammonia Market Size, 2020-2027 ($ Million)
14. France Green Ammonia Market Size, 2020-2027 ($ Million)
15. Germany Green Ammonia Market Size, 2020-2027 ($ Million)
16. Italy Green Ammonia Market Size, 2020-2027 ($ Million)
17. Spain Green Ammonia Market Size, 2020-2027 ($ Million)
18. Rest of Europe Green Ammonia Market Size, 2020-2027 ($ Million)
19. India Green Ammonia Market Size, 2020-2027 ($ Million)
20. China Green Ammonia Market Size, 2020-2027 ($ Million)
21. Japan Green Ammonia Market Size, 2020-2027 ($ Million)
22. South Korea Green Ammonia Market Size, 2020-2027 ($ Million)
23. Rest of Asia-Pacific Green Ammonia Market Size, 2020-2027 ($ Million)
24. Rest of the World Green Ammonia Market Size, 2020-2027 ($ Million)
Companies Mentioned
A selection of companies mentioned in this report includes:
- Enapter GmbH
- Green Hydrogen Systems
- Haldor Topsøe A/S
- Hiringa Energy Ltd.
- Hydrogenics (Cummins Inc.)
- ITM Power Plc
- Man Energy Solutions SE
- MCPHY Energy SAS
- Nel Hydrogen AS
- Queensland Nitrates Pty Ltd.
- Siemens AG
- Thyssenkrupp Industrial Solutions AG
- Uniper SE
- Yara International ASA
- Proton Ventures BV
- Grieg Edge AS
- CF Industries Holdings, Inc.
