Global Green Ammonia Market Overview
According to SPER Market Research, the Global Green Ammonia Market is estimated to reach USD 41.97 billion by 2032 with a CAGR of 73.15%.
The need of generating clean energy and reducing carbon footprints is expected to cause green ammonia to become more widely used in the next years, which will raise demand. It is also projected that market expansion would be fuelled in the near future by the rising demand for the product as marine fuel and shipping in the transportation sector because it emits no carbon and leaves no sulphur traces, leading to enhanced air quality. Nitrogen from the air and hydrogen from water combine to form green ammonia. It is a versatile fuel for heat and electricity that may be used in gas turbines, internal combustion engines, generator sets, industrial furnaces, and fuel cells. It is notably useful for naval transportation.
Green ammonia is the ideal choice due to the pressure on the shipping industry to reduce carbon emissions because it has a lower volumetric energy density than other fuels, which makes storage viable. The market is also expanding as a result of favourable laws and regulations governing low-carbon emissions and rising fuel demand from the marine industry. Ammonia produced from renewable sources is anticipated to become a common chemical this is because more governments are taking steps to reduce or eliminate their carbon emissions. The product is probably going to rise to prominence during the projected period as a key resource for moving renewable energy between locations. Additionally, it is anticipated that the business would rise because to the increased demand for green ammonia in a number of end-use sectors, including fertiliser, power production, transportation, and others. The market is also anticipated to expand as a result of rising demand for green ammonia in industrial feedstock goods, including pharmaceuticals.
Impact of COVID-19 on the Global Green Ammonia Market
The expansion of COVID-19 had a detrimental effect on the global green ammonia market in previous year. Downstream businesses are being significantly impacted by the severe restrictions and national lockdowns that have been implemented by government authorities to stop the deadly virus's spread. It has had a significant impact on global supply networks. Even Nevertheless, during the COVID era, there was still a significant need for fertilizers from the agricultural sector. Green ammonia demand is anticipated to rise in the short term as the market gradually starts to reopen as a result of increased demand from the maritime sector. The need for green ammonia is also anticipated to rise in the Middle East, Africa, and Europe regions as a result of initiatives to produce green hydrogen, which will further enhance the market in the years to come.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Technology, By End User Outlook, By Sales Channel and Segment Forecasts
|
| Regions covered | Asia Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | ACME Group, Air Products Inc.,Aker Clean Hydrogen, AquaHydrex ,Ballance Agri-Nutrients, BASF SE, CF Industries Holdings. In,Dyno Nobel, Electrochaea, Enaex Energy, Enapter ,Eneus Energy Limited, ENGIE, EXYTRON, Fertiglobe plc, Fusion-Fuel, Green Hydrogen Systems, Greenfield Nitrogen LLC, H2U Technologies, Inc.,Haldor Topsoe, Hiringa Energy ,Hive Energy,Holder Topsoe,HY2GEN AG,Hydrogenics ,Iberdrola, S.A.,ITM Power,Maire Tecnimont S.p.A.,MAN Energy Solutions, McPhy Energy,Nel Hydrogen ,Origin Energy Limited, Queensland Nitrates Pty Ltd ,Siemens Energy ,Starfire Energy ,ThyssenKrupp AG,Uniper ,Yara International ASA
|
Target Audience:
- Green Ammonia manufacturers and other stakeholders
- Organizations, forums and alliances relate to Green Ammonia distribution
- Government bodies such as regulating authorities and policy makers
- Market research organizations and consulting companies
Global Green Ammonia Market Segmentation:
1. By Technology:
- Alkaline Water Electrolysis
- Proton Exchange Membrane
- Solid Oxide Electrolysis
2. By End UseFertilizer:
- Power Generation
- Refrigeration
- Transportation
- Others
3. By Sales Channel:
4. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Green Ammonia Market (FY’2019-FY’2032)
- Overview of Global Green Ammonia Market
- Segmentation of Global Green Ammonia Market By Technology (Alkaline Water Electrolysis, Proton Exchange Membrane, Solid Oxide Electrolysis)
- Segmentation of Global Green Ammonia Market By End User Outlook (Fertilizer
- Power Generation, Refrigeration, Transportation, Others)
- Segmentation of Global Green Ammonia Market By Sales Channel (Direct Sale, Indirect Sales)
- Statistical Snap of Global Green Ammonia Market
- Growth Analysis of Global Green Ammonia Market
- Problems and Challenges in Global Green Ammonia Market
- Competitive Landscape in the Global Green Ammonia Market
- Impact of COVID-19 and Demonetization on Global Green Ammonia Market
- Details on Recent Investment in Global Green Ammonia Market
- Competitive Analysis of Global Green Ammonia Market
- Major Players in the Global Green Ammonia Market
- SWOT Analysis of Global Green Ammonia Market
- Global Green Ammonia Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Green Ammonia Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Green Ammonia Market Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Green Ammonia Market
7. Global Green Ammonia Market, By Technology, 2019-2032 (USD Million)
7.1 Alkaline Water Electrolysis
7.2 Proton Exchange Membrane
7.3 Solid Oxide Electrolysis
8. Global Green Ammonia Market, By End Use, 2019-2032 (USD Million)
8.1 Fertilizer
8.2 Power Generation
8.3 Refrigeration
8.4 Transportation
8.5 Others
9. Global Green Ammonia Market, By Sales Channel, 2019-2032 (USD Million)
9.1 Direct Sale
9.2 Indirect Sale
10. Global Green Ammonia Market, By Region, 2019-2032 (USD Million)
10.1 Global Green Ammonia Market Size and Market Share by Region (2019-2025)
10.2 Global Green Ammonia Market Size and Market Share by Region (2026-2032)
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France
10.4.2 Germany
10.4.3 Italy
10.4.4 Spain
10.4.5 United Kingdom
10.4.6 Rest of Europe
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada
10.6.2 Mexico
10.5.3 United States
10.7 Latin America
10.7.1 Argentina
10.7.2 Brazil
10.7.3 Rest of Latin America
11.Company Profiles
11.1 ACME Group
11.1.1 Company details
11.1.2 Financial outlook
11.1.3 Product summary
11.1.4 Recent developments
11.2 Air Products Inc.
11.2.1 Company details
11.2.2 Financial outlook
11.2.3 Product summary
11.2.4 Recent developments
11.3 Aker Clean Hydrogen
11.3.1 Company details
11.3.2 Financial outlook
11.3.3 Product summary
11.3.4 Recent developments
11.4 AquaHydrex
11.4.1 Company details
11.4.2 Financial outlook
11.4.3 Product summary
11.4.4 Recent developments
11.5 Ballance Agri Nutrients
11.5.1 Company details
11.5.2 Financial outlook
11.5.3 Product summary
11.5.4 Recent developments
11.6 BASF SE
11.6.1 Company details
11.6.2 Financial outlook
11.6.3 Product summary
11.6.4 Recent developments
11.7 CF Industries Holdings In.
11.7.1 Company details
11.7.2 Financial outlook
11.7.3 Product summary
11.7.4 Recent developments
11.8 Dyno Nobel
11.8.1 Company details
11.8.2 Financial outlook
11.8.3 Product summary
11.8.4 Recent developments
11.9 .Electrochaea
11.9.1 Company details
11.9.2 Financial outlook
11.9.3 Product summary
11.9.4 Recent developments
11.10 Enaex Energy
11.10.1 Company details
11.10.2 Financial outlook
11.10.3 Product summary
11.10.4 Recent developments
11.11 Enapter
11.11.1 Company details
11.11.2 Financial outlook
11.11.3 Product summary
11.11.4 Recent developments
11.12 Eneus Energy Ltd.
11.12.1 Company details
11.12.2 Financial outlook
11.12.3 Product summary
11.12.4 Recent developments
11.13 ENGIE
11.13.1 Company details
11.13.2 Financial outlook
11.13.3 Product summary
11.13.4 Recent developments
11.14 EXYTRON
11.14.1 Company details
11.14.2 Financial outlook
11.14.3 Product summary
11.14.4 Recent developments
11.15 Fertiglobe plc
11.15.1 Company details
11.15.2 Financial outlook
11.15.3 Product summary
11.15.4 Recent developments
11.16 Fusion Fuel
11.16.1 Company details
11.16.2 Financial outlook
11.16.3 Product summary
11.16.4 Recent developments
11.17 Green Hydrogen Systems
11.17.1 Company details
11.17.2 Financial outlook
11.17.3 Product summary
11.17.4 Recent developments
11.18 Greenfield Nitrogen LLC
11.18.1 Company details
11.18.2 Financial outlook
11.18.3 Product summary
11.18.4 Recent developments
11.19 H2U Technologies, Inc.
11.19.1 Company details
11.19.2 Financial outlook
11.19.3 Product summary
11.19.4 Recent developments
11.20 Haldor Topsoe
11.20.1 Company details
11.20.2 Financial outlook
11.20.3 Product summary
11.20.4 Recent developments
11.21 Hiringa Energy
11.21.1 Company details
11.21.2 Financial outlook
11.21.3 Product summary
11.21.4 Recent developments
11.22 Hive Energy
11.22.1 Company details
11.22.2 Financial outlook
11.22.3 Product summary
11.22.4 Recent developments
11.23 Holder Topsoe
11.23.1 Company details
11.23.2 Financial outlook
11.23.3 Product summary
11.23.4 Recent developments
11.24 HY2GEN AG
11.24.1 Company details
11.24.2 Financial outlook
11.24.3 Product summary
11.24.4 Recent developments
11.25 Hydrogenics
11.25.1 Company details
11.25.2 Financial outlook
11.25.3 Product summary
11.25.4 Recent developments
11.26 Iberdrola,S.A
11.26.1 Company details
11.26.2 Financial outlook
11.26.3 Product summary
11.26.4 Recent developments
11.27 ITM Power
11.27.1 Company details
11.27.2 Financial outlook
11.27.3 Product summary
11.27.4 Recent developments
11.28 Maire Tecnimont S.p.A
11.28.1 Company details
11.28.2 Financial outlook
11.28.3 Product summary
11.28.4 Recent developments
11.29 MAN Energy Solutions
11.29.1 Company details
11.29.2 Financial outlook
11.29.3 Product summary
11.29.4 Recent developments
11.30 McPhy Energy
11.30.1 Company details
11.30.2 Financial outlook
11.30.3 Product summary
11.30.4 Recent developments
11.31 Nel Hydrogen
11.31.1 Company details
11.31.2 Financial outlook
11.31.3 Product summary
11.31.4 Recent developments
11.32 Origin Energy Ltd.
11.32.1 Company details
11.32.2 Financial outlook
11.32.3 Product summary
11.32.4 Recent developments
11.33 Queensland Nitrates Pty Ltd.
11.33.1 Company details
11.33.2 Financial outlook
11.33.3 Product summary
11.33.4 Recent developments
11.34 Siemens Energy
11.34.1 Company details
11.34.2 Financial outlook
11.34.3 Product summary
11.34.4 Recent developments
11.35 Starfire Energy
11.35.1 Company details
11.35.2 Financial outlook
11.35.3 Product summary
11.35.4 Recent developments
11.36 ThyssenKrupp AG
11.36.1 Company details
11.36.2 Financial outlook
11.36.3 Product summary
11.36.4 Recent developments
11.37 Uniper
11.37.1 Company details
11.37.2 Financial outlook
11.37.3 Product summary
11.37.4 Recent developments
11.38 Yara International ASA
11.38.1 Company details
11.38.2 Financial outlook
11.38.3 Product summary
11.38.4 Recent developments
12.List of Abbreviations
13.Reference Links
14.Conclusion
15.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
