Green Ammonia Market, By Technology (Solid Oxide Electrolysis, Alkaline Water Electrolysis, Proton Exchange Membrane), By End User (Power Generation, Transportation, Industrial Feedstock, Others), By Sales Channel (Direct Sale, Indirect Sale), By Region – Global Analysis Forecast Till 2030

The Global Green Ammonia market size was valued at USD 37.12 million in 2021 and is projected to surpass around USD 5484.12 million by 2030 and is poised to grow at a CAGR of 75.24% over the forecast period from 2022 to 2030.

The green ammonia industry is still in the planning stage. The generation of green ammonia seems to be the subject of more effort in research and development, which is expected to increase due to increasing public awareness and government legislation regarding carbon dioxide emissions and to preserve atmospheric health.

Green ammonia could also have a huge impact by helping to reduce the world's dependence on fossil fuels and lower greenhouse gas emissions. Green ammonia electrolyzes water to produce hydrogen and is fueled by renewable energies including solar, air, and hydropower. Numerous industries, including agriculture, power storage, and marine, can benefit from the use of green ammonium.

Market Dynamics:

Drivers:

In terms of total capacity growth, the output of renewable electricity often exceeds that of fossil fuels. According to the Global Sustainable Power and Energy Association, renewable power offers tremendous development prospects, so future demand is likely to overtake other renewable energy sources. However, by the end of 2020, global electricity production had reached 289 gigawatts. Hydropower contributed the most to the world total, which was 12.11 percentage points higher. Offshore wind received an equal share of the residual energy. There were also 128 gigawatts of biofuel, 15 gigawatts of hydroelectric power, and 501 megawatts of wave energy.

Soil conditions worldwide have declined significantly due to the widespread use of chemical fertilizers and pesticides. The organic fertilizer market is evolving rapidly in response to the growing demand for agricultural production practices that reduce risk generation and carbon pollution. This is forcing important chemical producers to change their choices towards more sustainable and environmentally friendly products such as green ammonia. Therefore, green ammonia revenues are expected to increase over the forecast period due to potential consequences and increased demand for environmental fertilizers to reduce pollution.

Restraints

Lack of knowledge about green ammonia: Green ammonia technology development is still in its early stages. Using water and nitrogen, the synthesis technique, photochemical synthesis method, and biochemical cycle method can produce ammonia quickly. These techniques do, however, provide significant technical difficulties that demand work and R&D expenditures. Today, the vast majority of ammonia producers still create ammonia using conventional methods.

Key players:

• ACME Group

• Air Products Inc.

• Aker Clean Hydrogen

• AquaHydrex (US)

• Ballance Agri-Nutrients

• BASF SE (Germany)

• CF Industries Holdings, In

• Dyno Nobel

• Electrochaea (Germany)

• Enaex Energy

• Enapter (Italy)

• Eneus Energy Limited

• ENGIE (France) 

• EXYTRON (Germany)

• Fertiglobe plc

• Fusion-Fuel

• Green Hydrogen Systems (Denmark) 

• Greenfield Nitrogen LLC

• H2U Technologies, Inc.

• Haldor Topsoe (Denmark)

• Hiringa Energy (New Zealand)

• Hive Energy

• Holder Topsoe

• HY2GEN AG

• Hydrogenics (Canada)

• Iberdrola, S.A.

• ITM Power (UK)

• Maire Tecnimont S.p.A.

• MAN Energy Solutions (Germany)

• McPhy Energy (France)

• Nel Hydrogen (Norway)

• Origin Energy Limited

• Queensland Nitrates Pty Ltd (Australia)

• Siemens Energy (Germany)

• Starfire Energy (US)

• ThyssenKrupp AG (Germany)

• Uniper (Germany)

• Yara International ASA

• And Others

Market Segmentation:

Green Ammonia Market, By Technology

• Alkaline Water Electrolysis

• Proton Exchange Membrane

• Solid Oxide Electrolysis

Green Ammonia Market, By End User

• Transportation

• Power Generation

• Industrial Feedstock

• Others

Green Ammonia Market, By Sales Channel

• Direct Sale

• Indirect Sale

Green Ammonia Market, By Geography

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

• Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Malaysia

  • Philippines

• Latin America

  • Brazil

  • Rest of Latin America

• Middle East & Africa (MEA)

Regional Analysis:

In terms of volume, the European segment is expected to be the largest segment in 2022. The state's green ammonia industry is expected to see prospects due to increased hydrogen fuel development and government initiatives to install hydrogen fuel in residential and commercial markets. Over the planned timeline, the United States is expected to continue to be one of the fastest-growing global markets for manufacturing and using green ammonia. By 2032, the US will probably have a significant share of the world's industry for green ammonia.

The green ammonia industry in the United States is being impacted by the significant presence of major green ammonia industry companies and interesting technology sources, enforcement of stringent laws, and increasing prevalence of environmental fertilizer use. Accordingly, over the projected timeline, the environmental growth environment is expected to be driven by increased investment in green hydrogen, the growing importance of green ammonia as a source of hydrogen, and an increased focus on alternative energy generation for power and transportation and the demand for sustainable ammonia within the country.

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