NEW YORK, July 13, 2023 /PRNewswire/ — The green ammonia market size is estimated to grow by USD 1,008.31 million from 2022 to 2027. The market is estimated to accelerate at a CAGR of 90.05%, according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors, including AquaHydrex Inc., BASF SE, CF Industries Holdings Inc., Cummins Inc., Enapter Srl, ENGIE SA, Fertiglobe plc, Greenfield Nitrogen LLC, Haldor Topsoes Alle1, Hiringa Energy Ltd., ITM Power plc, Maire Tecnimont SpA, MAN Energy, Solutions SE, McPhy, Energy SA, Nel ASA, Siemens AG, Starfire Energy, ThyssenKrupp AG, Uniper SE, Yara International ASA, among others. Download a Sample Report Now!
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Vendors: 15+, Including AquaHydrex Inc., BASF SE ,CF Industries Holdings Inc., Cummins Inc., Enapter Srl, ENGIE SA , Fertiglobe plc, Greenfield Nitrogen LLC, Haldor Topsoes Alle1, Hiringa Energy Ltd., ITM Power plc, Maire Tecnimont SpA , MAN Energy, Solutions SE, McPhy, Energy SA, Nel ASA, Siemens AG, Starfire Energy, thyssenkrupp AG, Uniper SE, Yara International ASA, among others
Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
Segments: Application (Power generation, Transportation, Industrial feedstock, and Others) and Technology (Alkaline water electrolysis, Proton exchange membrane, and Solid oxide electrolysis) and geography (Europe, North America, APAC, South America, and Middle East and Africa).
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Major Drivers -The rising environmentalconcerns notably drive the green ammonia market growth. One of the main advantages of green ammonia is that it does not lead to greenhouse gas emissions. For example, there is a facility in Harwell, Oxfordshire, UK, where electricity, water, and air are used to generate ammonia without carbon emissions. Hydrogen is generated from water by electrolysis for manufacturing ammonia. Hence, it can lead to a reduction of carbon dioxide emissions to the environment. Hence, the manufacturing of green ammonia can minimize carbon emissions using electricity, water, and air. Thus, such factors are expected to drive market growth during the forecast period.
Significant Trends – Rising investments are an emerging trend driving market growth.
Key Challenges – The high cost of hydrogen is expected to hinder the market growth.
Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a free sample report!
The green ammonia market report provides citical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.
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What are the key data covered in this Green Ammonia Market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the green ammonia market between 2023 and 2027
Precise estimation of the green ammonia market size and its contribution to the market with a focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the green ammonia market across Europe, North America, APAC, South America, and the Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that wil challenge the growth of green ammonia market vendors
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Green Ammonia Market Scope
Report Coverage
Details
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 90.05%
Market growth 2023-2027
USD 1008.31 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
76.43
Regional analysis
Europe, North America, APAC, South America, and Middle East and Africa
Performing market contribution
Europe at 37%
Key countries
US, China, Australia, Germany, and Russia
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Straegies, and Industry Risks
Key companies profiled
AquaHydrex Inc., BASF SE, CF Industries Holdings Inc., Cummins Inc., Enapter Srl, ENGIE SA, Fertiglobe plc, Greenfield Nitrogen LLC, Haldor Topsoes Alle1, Hiringa Energy Ltd., ITM Power plc, Maire Tecnimont SpA, MAN Energy Solutions SE, McPhy Energy SA, Nel ASA, Siemens AG, Starfire Energy, thyssenkrupp AG, Uniper SE, and Yara International ASA
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executve Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growh 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global green ammonia market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on Global green ammonia market 2017 – 2021 ($ million)
4.2 Technology Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Technology Segment 2017 – 2021 ($ million)
4.3 Application Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – Application Segment 2017 – 2021 ($ million)
4.4 Geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining poer of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Application
6.1 Market segments
Exhibit 30: Chart on Application – Market share 2022-2027 (%)
Exhibit 31: Data Table on Application – Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Power generation – Market size and forecast 2022-2027
Exhibit 34: Chart on Power generation – Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Power generation – Marketsize and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Power generation – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Power generation – Year-over-year growth 2022-2027 (%)
6.4 Transportation – Market size and forecast 2022-2027
Exhibit 38: Chart on Transportation – Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Transportation – Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Transportation – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Transportation – Year-over-year growth 2022-2027 (%)
6.5 Industrial feedstock – Market size and forecast 2022-2027
Exhibit 42: Chart on Industrial feedstock – Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Industrial feedstock – Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Industrial feedstock – Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Industrial feedstock – Year-over-year growth 2022-2027 (%)
6.6Others – Market size and forecast 2022-2027
Exhibit 46: Chart on Others – Market size and forecast 2022-2027 ($ million)
Exhibit 47: Data Table on Others – Market size and forecast 2022-2027 ($ million)
Exhibit 48: Chart on Others – Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Others – Year-over-year growth 2022-2027 (%)
6.7 Market opportunity by Application
Exhibit 50: Market opportunity by Application ($ million)
7 Market Segmentation by Technology
7.1 Market segments
Exhibit 51: Chart on Technology – Market share 2022-2027 (%)
Exhibit 52: Data Table on Technology – Market share 2022-2027 (%)
7.2 Comparison by Technology
Exhibit 53: Chart on Comparison by Technology
Exhibit 54: Data Table on Comparison by Technology
7.3 Alkaline water electrolysis – Market size and forecast 2022-2027
Exhibit 55: Chart on Alkaline water electrolysis – Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Alkaline water electrolysis – Market size and forecast 202-2027 ($ million)
Exhibit 57: Chart on Alkaline water electrolysis – Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Alkaline water electrolysis – Year-over-year growth 2022-2027 (%)
7.4 Proton exchange membrane – Market size and forecast 2022-2027
Exhibit 59: Chart on Proton exchange membrane – Market size and forecast 2022-2027 ($ million)
Exhibit 60: Data Table on Proton exchange membrane – Market size and forecast 2022-2027 ($ million)
Exhibit 61: Chart on Proton exchange membrane – Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Proton exchange membrane – Year-over-year growth 2022-2027 (%)
7.5 Solid oxide electrolysis – Market size and forecast 2022-2027
Exhibit 63: Chart on Solid oxide electrolysis – Market size and forecast 2022-2027 ($ million)
Exhibit 64: Data Table on Solid oxide electrolysis – Market size and forecast 2022-2027 ($ million)
Exhibit 65: Chart on Solid oxide electrolysis – Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Tabl on Solid oxide electrolysis – Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Technology
Exhibit 67: Market opportunity by Technology ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 69: Chart on Market share by geography 2022-2027 (%)
Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 71: Chart on Geographic comparison
Exhibit 72: Data Table on Geographic comparison
9.3 Europe – Market size and forecast 2022-2027
Exhibit 73: Chart on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.4 North America – Maket size and forecast 2022-2027
Exhibit 77: Chart on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.5 APAC – Market size and forecast 2022-2027
Exhibit 81: Chart on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.6 South America – Market size and forecast 2022-2027
Exhibit 85: Chart on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibi 88: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 89: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.8 US – Market size and forecast 2022-2027
Exhibit 93: Chart on US – Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on US – Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on US – Year-over-year growth 2022-2027 (%)
9.9 Germany – Market size and forecast 2022-2027
Exhibit 97: Chart on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on Germany – Market size andforecast 2022-2027 ($ million)
Exhibit 99: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Germany – Year-over-year growth 2022-2027 (%)
9.10 China – Market size and forecast 2022-2027
Exhibit 101: Chart on China – Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on China – Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on China – Year-over-year growth 2022-2027 (%)
9.11 Russia – Market size and forecast 2022-2027
Exhibit 105: Chart on Russia – Market size and forecast 2022-2027 ($ million)
Exhibit 106: Data Table on Russia – Market size and forecast 2022-2027 ($ million)
Exhibit 107: Chart on Russia – Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on Russia – Year-over-year growth 2022-2027 (%)
9.12 Australia – Market size and forecast 2022-2027
Exhibit 109: Chart on Australia – Market size and forecast 2022-2027 ($ million)
xhibit 110: Data Table on Australia – Market size and forecast 2022-2027 ($ million)
Exhibit 111: Chart on Australia – Year-over-year growth 2022-2027 (%)
Exhibit 112: Data Table on Australia – Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 113: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 114: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 116: Overview on factors of disruption
11.4 Industry risks
Exhibit 117: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 118: Vendors covered
12.2 Market positioning of vendors
Exhibit 119: Matrix on vendor position and classification
12.3 BASF SE
Exhibit 120: BASF SE – Ovrview
Exhibit 121: BASF SE – Business segments
Exhibit 122: BASF SE – Key news
Exhibit 123: BASF SE – Key offerings
Exhibit 124: BASF SE – Segment focus
12.4 CF Industries Holdings Inc.
Exhibit 125: CF Industries Holdings Inc. – Overview
Exhibit 126: CF Industries Holdings Inc. – Business segments
Exhibit 127: CF Industries Holdings Inc. – Key news
Exhibit 128: CF Industries Holdings Inc. – Key offerings
Exhibit 129: CF Industries Holdings Inc. – Segment focus
12.5 Cummins Inc.
Exhibit 130: Cummins Inc. – Overview
Exhibit 131: Cummins Inc. – Business segments
Exhibit 132: Cummins Inc. – Key offerings
Exhibit 133: Cummins Inc. – Segment focus
12.6 Enapter Srl
Exhibit 134: Enapter Srl – Overview
Exhibit 135: Enapter Srl – Product / Service
Exhibit 136: Enapter Srl – Key offerings
12.7 Fertiglobe plc
Exhibit 137: Fertiglobe plc – Overview
Exhibit 138: Fertiglobe plc – Business segments
Exhibit 139: Fertiglobe plc – Key offerings
Exhibit 140: Fertiglobe plc – Segment focus
12.8 GreenfieldNitrogen LLC
Exhibit 141: Greenfield Nitrogen LLC – Overview
Exhibit 142: Greenfield Nitrogen LLC – Product / Service
Exhibit 143: Greenfield Nitrogen LLC – Key offerings
12.9 Haldor Topsoes Alle1
Exhibit 144: Haldor Topsoes Alle1 – Overview
Exhibit 145: Haldor Topsoes Alle1 – Product / Service
Exhibit 146: Haldor Topsoes Alle1 – Key offerings
12.10 ITM Power plc
Exhibit 147: ITM Power plc – Overview
Exhibit 148: ITM Power plc – Product / Service
Exhibit 149: ITM Power plc – Key offerings
12.11 Maire Tecnimont SpA
Exhibit 150: Maire Tecnimont SpA – Overview
Exhibit 151: Maire Tecnimont SpA – Product / Service
Exhibit 152: Maire Tecnimont SpA – Key offerings
12.12 MAN Energy Solutions SE
Exhibit 153: MAN Energy Solutions SE – Overview
Exhibit 154: MAN Energy Solutions SE – Product / Service
Exhibit 155: MAN Energy Solutions SE – Key offerings
12.13 McPhy Energy SA
Exhibit 156: McPhy Energy SA – Overview
Exhibit 157: McPhy Energy SA – Product / Service
Exhibit 158: McPhy Energy SA – Ke offerings
12.14 Nel ASA
Exhibit 159: Nel ASA – Overview
Exhibit 160: Nel ASA – Business segments
Exhibit 161: Nel ASA – Key offerings
Exhibit 162: Nel ASA – Segment focus
12.15 Siemens AG
Exhibit 163: Siemens AG – Overview
Exhibit 164: Siemens AG – Business segments
Exhibit 165: Siemens AG – Key news
Exhibit 166: Siemens AG – Key offerings
Exhibit 167: Siemens AG – Segment focus
12.16 thyssenkrupp AG
Exhibit 168: thyssenkrupp AG – Overview
Exhibit 169: thyssenkrupp AG – Business segments
Exhibit 170: thyssenkrupp AG – Key news
Exhibit 171: thyssenkrupp AG – Key offerings
Exhibit 172: thyssenkrupp AG – Segment focus
12.17 Yara International ASA
Exhibit 173: Yara International ASA – Overview
Exhibit 174: Yara International ASA – Business segments
Exhibit 175: Yara International ASA – Key news
Exhibit 176: Yara International ASA – Key offerings
Exhibit 177: Yara International ASA – Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 178:Inclusions checklist
Exhibit 179: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 180: Currency conversion rates for US$
13.4 Research methodology
Exhibit 181: Research methodology
Exhibit 182: Validation techniques employed for market sizing
Exhibit 183: Information sources
13.5 List of abbreviations
Exhibit 184: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive esearch, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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