Global Green Ammonia Market
Report Scope:. The report discusses different technologies for producing green ammonia like solid oxide electrolysis, proton exchange membrane electrolysis, and alkaline water electrolysis.
August 14, 20
New York, Aug. 14, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Green Ammonia Market” – https://www.reportlinker.com/p06485008/?utm_source=GNW
It offers a detailed analysis of different technologies and the prevalent trends and opportunities in the market.
The market values are estimated based on multiple factors and analysis of manufacturers’ revenues.Market dynamics within each industry are identified.
Technological advancements and trends are reviewed, and other influences such as economic conditions and standards are discussed. Because this is a global study, BCC Research analyzes domestic and international technological issues and economic considerations.
The market segments of the report are focused on techncal and commercial aspects of green ammonia for different end-user segments, such as power generation, transportation, fertilizer, refrigeration, and others. The report also discusses the regional policy and regulatory framework and ESG scenario for the green ammonia industry, to maintain environmental sustainability and to comply with government regulations.
The report also analyzes the regional markets for green ammonia.The segments are forecast for 2023 to 2028, with 2022 as a base year.
The report offers a competitive scenario of the market, including a detailed analysis of key market players and a list of small and regional market players.
The currency used in this report is USD, with the market size indicated in USD millions.For companies reporting their revenue in USD, revenues are taken from their annual reports.
For companies that reported their revenue in other currencies, i.e., euros and pounds, the average annual currency conversion rate has been used for the particularyear to convert the value into USD. The conversion rate for each currency conversion is provided in the report.
Report Includes:
– 40 data tables and 38 additional tables
– An up-to-date overview and industry analysis of the global green ammonia market
– Analyses of the global and regional market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
– Highlights of the market potential and understanding the demand for green ammonia in various applications, and areas to forecast this market into various segments and sub-segments
– Estimation of the actual market size both in value and volumetric terms, and revenue forecast for global green ammonia market in USD millions, and corresponding market share analysis based on technology, application, and region
– In-depth information (facts and figures) concerning the major factors influencing the progress of this market (drivers, restrains, opportunities, and industry-specific challenges) with respect to specific growth trends, upcoming prospects, and contributions to the overall market
– Analysis of market opportunities with a holistic study of the Porter’s five forces analysis and SWOT analysis considering both micro and macro environmental factors prevailing in the green ammonia industry
– Review of the impact of COVID-19 and Russia-Ukraine war on global market for green ammonia
– Understanding of the importance of ESG in the global market for green ammonia, consumer attitudes towards sustainability, risks and opportunity assessment, ratings and matrices, and ESG practices in the green ammonia industry
– Analysis of the competitive landscape featuring major stakeholder companies based on their recent developments, key financials and segmental revenues, and operational integration
– Profile descriptions of the leading market players, including BASF SE, ITM Power, NEL ASA, Siemens Energy AS, Topsoe A/S, ThyssenKrupp A, Engie SA, McPhy, Nutrien Ltd., and Yara International ASA
Summary:
Ammonia (NH?) is an inorganic compound composed of nitrogen and hydrogen with the formula.It is a colorless gas with a distinct sharp smell.
The production of ammonia mainly relies on fossil fuels.More than REDACTED% of it is produced by steam reforming (natural gas), and the rest via coal gasification.
Ammonia production accounted for around REDACTED% of total final energy consumption globally.
Ammonia is a primarily used product in the fertilizer and chemical industry; apart from this, ammonia has another great potential as green ammonia.When produced sustainably through renewable sources, it can become an emission-free green fuel or be used as an energy carrier and storage.
Green ammonia is entirely produced by renewable sources such as hydroelectric, solar, and wind and is carbon-free.Moreover, the market players are integrating their current ammonia production facilities and revamping the existing plants int hybrid plants.
This provides lucrative opportunities for the market players to strengthen their capabilities in the green ammonia market. According to ThyssenKrupp AG, green ammonia demand as a base chemical is expected to double by 2050 because it is among the most suitable options for transporting hydrogen.
The green ammonia market has been impacted moderately due to COVID-19 and the Russia-Ukraine war. Many countries-imposed country-wide lockdowns and operational activities were halted temporarily.
The global green ammonia market was valued at $REDACTED million in 2022 and is expected to reach $REDACTED million by 2028 at a CAGR of REDACTED%.This growth is mainly owing to the increasing demand for eco-friendly fertilizers, growing focus on renewable energy sources, increasing focus on decarbonizing the marine industry, and growing use of fuel cells.
By volume, the global green ammonia market is predicted to grow at a CAGR of REDACTED% during the next five years.
The transportaion application segment accounted for the largest market share in 2022 with REDACTED%, followed by power generation at REDACTED%, fertilizer at REDACTED%, and refrigeration at REDACTED% share.Other industrial applications include the marine industry, aviation industry, food and beverage, etc.
However, by 2028, the power generation segment is expected to capture the larger pie of the market with a REDACTED% share.This is due to the rapidly growing demand for energy from emerging nations like China, India, Russia, and Brazil.
Moreover, rapid urbanization and growing demand for electric vehicles further propel the energy demand. Green ammonia is emerging as a carbon-free fuel alternative to fulfill the growing energy demand as well as reduce carbon emissions.
This report divides the global market for green ammonia into three segments: technology, application, and region.
Based on technology, the green ammonia market is further segmented into solid oxide electrolysis, proton exchange mmbrane electrolysis, and alkaline water electrolysis. The alkaline water electrolysis segment is dominating the market in 2022 and is expected to lead the market in the coming years.
Based on application, the green ammonia market is segmented into power generation, transportation, fertilizer, refrigeration, and others.Other applications include hydrogen carriers, stationery power, chemicals, plastics, textile, mining, explosives, pharmaceuticals, air treatment, waste treatment, etc.
The transportation segment accounted for the largest share in 2022, followed by the power generation segment.
Read the full report: https://www.reportlinker.com/p06485008/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
Global Green Ammonia Market
Report Scope:. The report discusses different technologies for producing green ammonialike solid oxide electrolysis, proton exchange membrane electrolysis, and alkaline water electrolysis.
August 14, 2023 08:47 ET
| Source: ReportLinker
Share
…
New York, Aug. 14, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Green Ammonia Market” – https://www.reportlinker.com/p06485008/?utm_source=GNW
It offers a detailed analysis of different technologies and the prevalent trends and opportunities in the market.
The market values are estimated based on multiple factors and analysis of manufacturers’ revenues.Market dynamics within each industry are identified.
Technological advancements and trends are reviewed, and other influences such as economic conditions and standards are discussed. Because this is a global study, BCC Research analyzes domestic and international technological issues and economic considerations.
The market segments of the report are focused on technical and commercial aspects of green ammonia for different end-use segments, such as power generation, transportation, fertilizer, refrigeration, and others. The report also discusses the regional policy and regulatory framework and ESG scenario for the green ammonia industry, to maintain environmental sustainability and to comply with government regulations.
The report also analyzes the regional markets for green ammonia.The segments are forecast for 2023 to 2028, with 2022 as a base year.
The report offers a competitive scenario of the market, including a detailed analysis of key market players and a list of small and regional market players.
The currency used in this report is USD, with the market size indicated in USD millions.For companies reporting their revenue in USD, revenues are taken from their annual reports.
For companies that reported their revenue in other currencies, i.e., euros and pounds, the average annual currency conversion rate has been used for the particular year to convert the value into USD. The conversion rate for each urrency conversion is provided in the report.
Report Includes:
– 40 data tables and 38 additional tables
– An up-to-date overview and industry analysis of the global green ammonia market
– Analyses of the global and regional market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
– Highlights of the market potential and understanding the demand for green ammonia in various applications, and areas to forecast this market into various segments and sub-segments
– Estimation of the actual market size both in value and volumetric terms, and revenue forecast for global green ammonia market in USD millions, and corresponding market share analysis based on technology, application, and region
– In-depth information (facts and figures) concerning the major factors influencing the progress of this market (drivers, restraints, opportunities, and industry-specific challenges) with respect o specific growth trends, upcoming prospects, and contributions to the overall market
– Analysis of market opportunities with a holistic study of the Porter’s five forces analysis and SWOT analysis considering both micro and macro environmental factors prevailing in the green ammonia industry
– Review of the impact of COVID-19 and Russia-Ukraine war on global market for green ammonia
– Understanding of the importance of ESG in the global market for green ammonia, consumer attitudes towards sustainability, risks and opportunity assessment, ratings and matrices, and ESG practices in the green ammonia industry
– Analysis of the competitive landscape featuring major stakeholder companies based on their recent developments, key financials and segmental revenues, and operational integration
– Profile descriptions of the leading market players, including BASF SE, ITM Power, NEL ASA, Siemens Energy AS, Topsoe A/S, ThyssenKrupp AG, Engie SA, McPhy, Nutrien Ltd., and Yara International ASA
Summry:
Ammonia (NH?) is an inorganic compound composed of nitrogen and hydrogen with the formula.It is a colorless gas with a distinct sharp smell.
The production of ammonia mainly relies on fossil fuels.More than REDACTED% of it is produced by steam reforming (natural gas), and the rest via coal gasification.
Ammonia production accounted for around REDACTED% of total final energy consumption globally.
Ammonia is a primarily used product in the fertilizer and chemical industry; apart from this, ammonia has another great potential as green ammonia.When produced sustainably through renewable sources, it can become an emission-free green fuel or be used as an energy carrier and storage.
Green ammonia is entirely produced by renewable sources such as hydroelectric, solar, and wind and is carbon-free.Moreover, the market players are integrating their current ammonia production facilities and revamping the existing plants into hybrid plants.
This provides lucrative opportunities for the maket players to strengthen their capabilities in the green ammonia market. According to ThyssenKrupp AG, green ammonia demand as a base chemical is expected to double by 2050 because it is among the most suitable options for transporting hydrogen.
The green ammonia market has been impacted moderately due to COVID-19 and the Russia-Ukraine war. Many countries-imposed country-wide lockdowns and operational activities were halted temporarily.
The global green ammonia market was valued at $REDACTED million in 2022 and is expected to reach $REDACTED million by 2028 at a CAGR of REDACTED%.This growth is mainly owing to the increasing demand for eco-friendly fertilizers, growing focus on renewable energy sources, increasing focus on decarbonizing the marine industry, and growing use of fuel cells.
By volume, the global green ammonia market is predicted to grow at a CAGR of REDACTED% during the next five years.
The transportation application segment accounted for the largest market share in2022 with REDACTED%, followed by power generation at REDACTED%, fertilizer at REDACTED%, and refrigeration at REDACTED% share.Other industrial applications include the marine industry, aviation industry, food and beverage, etc.
However, by 2028, the power generation segment is expected to capture the larger pie of the market with a REDACTED% share.This is due to the rapidly growing demand for energy from emerging nations like China, India, Russia, and Brazil.
Moreover, rapid urbanization and growing demand for electric vehicles further propel the energy demand. Green ammonia is emerging as a carbon-free fuel alternative to fulfill the growing energy demand as well as reduce carbon emissions.
This report divides the global market for green ammonia into three segments: technology, application, and region.
Based on technology, the green ammonia market is further segmented into solid oxide electrolysis, proton exchange membrane electrolysis, and alkaline water electrolysis. The alkalin water electrolysis segment is dominating the market in 2022 and is expected to lead the market in the coming years.
Based on application, the green ammonia market is segmented into power generation, transportation, fertilizer, refrigeration, and others.Other applications include hydrogen carriers, stationery power, chemicals, plastics, textile, mining, explosives, pharmaceuticals, air treatment, waste treatment, etc.
The transportation segment accounted for the largest share in 2022, followed by the power generation segment.
Read the full report: https://www.reportlinker.com/p06485008/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.