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Global Green Ammonia Market Size, Trends & Growth Opportunity, By Technology (Solid Oxide Electrolysis, Proton Exchange Membrane, Alkaline Water Electrolysis), By End-Use (Power Generation, Transportation, Fertilizer, Refrigeration, Others), By Region and Forecast till 2027.


Report ID : IR100507 | Industries : Chemicals & Materials | Published On :May 2024 | Page Count : 137

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  • Global Green Ammonia Market Size, Trends & Growth Opportunity, By Technology (Solid Oxide Electrolysis, Proton Exchange Membrane, Alkaline Water Electrolysis), By End-Use (Power Generation, Transportation, Fertilizer, Refrigeration, Others), By Region and Forecast till 2027.
    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

    • Solid Oxide Electrolysis
    • Proton Exchange Membrane
    • Alkaline Water Electrolysis 
    By End-Use
    • Power Generation
    • Transportation
    • Fertilizer
    • Refrigeration
    • Others
    By Region
    • North America
    • Latin America
    • Europe
    • China
    • Asia Pacific
    • Middle East & Africa
    Key Questions Addressed by the Report
    • What are the Key Opportunities in Global Green Ammonia Market?
    • What will be the growth rate from 2022 to 2027?
    • Which segment/region will have highest growth?
    • What are the factors that will impact/drive the Market?
    • What is the competitive Landscape in the Industry?
    • What is the role of key players in the value chain?

    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 (2022-2027)
    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 (2022-2027)
    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 (2022-2027)
    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 (2022-2027)
    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 (2022-2027)
    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