Green Ammonia Market - Trends Forecast Till 2028

Green Ammonia Market, By Technology (Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM), and Solid Oxide Electrolysis (SOE)), End User (Transportation, Power Generation, and Industrial Feedstock) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: January, 2021

Base Year Estimate: 2020

Report ID: D-EN-GAM-89

Format:  

Number of Pages: 176

Domain: Energy

Green Ammonia Market – Trends Forecast Till 2028

The global green ammonia market is anticipated to reach USD 13 million in 2021 growing at a CAGR of 55.2% during the forecasting period, 2021-2028. 

Ammonia is a pungent gas that is commercially produced using Haber’s process. Green ammonia is produced using a process that is completely renewable and carbon-free. An example is the production of ammonia using nitrogen from air and hydrogen produced from the electrolysis of water. Its major use is to produce fertilizer and for energy storage.

Increased agricultural output, an increase in demand for fertilizer, and also the urgent requirement of reduction in greenhouse gases are some of the factors that have supported long-term expansion for the green ammonia market. 

Green Amonia

Global Green Ammonia Market is segmented into Technology, End User, and geography.

Technology segment is segmented into Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM), and Solid Oxide Electrolysis (SOE)

End-User segment is segmented into Transportation, Power Generation, and Industrial Feedstock

Geographically, the global green ammonia market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America, and insights are provided for each region and major countries within the regions

Key players in the global Green Ammonia Market are Siemens, MAN Energy Solutions, ITM Power, Nel Hydrogen Solutions, Yara International, and Haldor Topsoe among others. 

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, conferences like Jefferies conference)—to identify and collect information useful for this study of the Global Green Ammonia Market. The purpose of secondary research is to identify and collection of extensive, technical, market-oriented, and commercial study the global Green Ammonia Market. Through secondary research, the market is classified and segmented as per industry trends, developments, regional markets, products and technological development. 

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the Global Green Ammonia Market.

Primary Respondent breakdown is given below:

Primary Respondents

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the Global Green Ammonia Market. This approach has also been used to derive the market for segmentation and sub-segmentation. 

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data, we contact primary respondents in order to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants 

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
  • Gain authentic and granular data access for Global Green Ammonia Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 13 million

Growth Rate

CAGR of 55.2% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year 

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

Technology, End User, and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Siemens, MAN Energy Solutions, ITM Power, Nel Hydrogen Solutions, Yara International, and Haldor Topsoe

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In addition to the market data for Global Green Ammonia Market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.

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