Green Ammonia Market size by Volume was valued at 1.68 Million Tonnes. in 2022 and is expected to grow by 20% from 2023 to 2029, reaching nearly 6.02 Million Tonnes.
Green Ammonia Market Overview:
The primary goal of this research is to assist the user in understanding the Green Ammonia Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Green Ammonia industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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Green Ammonia Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Green Ammonia Market Segmentation:
The Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM), and Solid Oxide Electrolysis (SOE) technology segments make up the Green Ammonia Market. In 2022, the Alkaline Water Electrolysis market segment held the biggest market share. Alkaline water electrolysis is a reputable and well-known type of electrolysis, thus it is anticipated to expand significantly over the anticipated time frame. Electrodes that function in a fluid electrolyte of sodium or potassium hydroxide are what make up the alkaline water electrolysis variation of the electrolytic cell.
Transportation, power generation, industrial feedstock, and others are the segments of the green ammonia market according to end users. In 2022, the segment accounting for the biggest market share was transportation. The current fuel energy crisis is blamed for the segment rise because it has increased demand for green fuel. Conventional sources are being replaced by renewable ones, such as green ammonia and others. These sources produce fuel that is safe for the environment, efficient, and clean. Environmental protection and carbon emissions are topics that are receiving attention on a global scale. The product is growing in popularity in the transportation industry as a result of these issues. The product is liquid at room temperature and only needs a tiny amount of storage space, which helps the segment flourish.
1 Global Green Ammonia Market, by Technology (2022-2029)
• Alkaline Water Electrolysis (AWE)
• Proton Exchange Membrane (PEM)
• Solid Oxide Electrolysis (SOE)
2 Global Green Ammonia Market, by End User (2022-2029)
• Transportation
• Power Generation
• Industrial Feedstock
• Others
3 Global Green Ammonia Market, by Sales Channel (2022-2029)
• Direct Sale
• Indirect Sale
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Green Ammonia Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Green Ammonia market are
1. Enapter GmbH
2. Green Hydrogen Systems
3. Haldor Topsoe A/S
4. Hiringa Energy Ltd.
5. Hydrogenics (Cummins Inc.)
6. ITM Power Plc
7. Man Energy Solutions SE
8. MCPHY Energy SAS
9. Nel Hydrogen AS
10. Queensland Nitrates Pty Ltd.
11. Siemens AG
12. Thyssenkrupp Industrial Solutions AG
13. Uniper SE
14. Yara International ASA
15. Proton Ventures BV
16. Grieg Edge AS
17. CF Industries Holdings, Inc.
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Regional Analysis:
The report focuses on Global Regions and Market Size of Green Ammonia, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Green Ammonia Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Green Ammonia industry in 2021.
Key Questions Answered in the Green Ammonia Market Report are:
- What is the function of Green Ammonia?
- What is the predicted revenue generation of the Green Ammonia market?
- At what growth rate is the Green Ammonia market evolving?
- Who are the major market giants operating in the Green Ammonia market?
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