Dublin, Feb. 09, 2022 (GLOBE NEWSWIRE) -- The "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 Region - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global green ammonia market size is projected to grow from USD 16 million in 2021 and is projected to reach USD 5,415 million by 2030, at a CAGR of 90.2% during the forecast period.
Green ammonia is green hydrogen synthesized with nitrogen in an electrochemical Haber-Bosch system. Green ammonia is completely carbon-free ammonia. Electrolyzers are used in green hydrogen production and work in an alkaline water medium or proton exchange membrane or solid oxide medium. These electrolyzers use electricity derived from renewable sources, such as solar, wind, and tidal, to produce green hydrogen.
In terms of both value, Alkaline Water Electrolysis segment to be the fastest-growing segment by 2026.
Alkaline Water Electrolysis segment is projected to be the largest segment in the Green Ammonia market during the forecast period. The growth of this segment is mainly attributed to low capital cost of alkaline water electrolysis system
In terms of both value, Power generation is projected to be the fastest-growing segment from 2021 to 2026, for green ammonia.
Power generation segment is projected to be the largest segment in the green ammonia market. The growth of this segment is mainly attributed to the high demand of energy requirements for various end use industries. With green ammonia production, renewable energy can be stored and reused for power generation at consumption points. This will make the generation of renewable energy more efficient and usable for the long term.
In terms of both value and volume, the Europe green ammonia market is projected to grow at the highest CAGR during the forecast period.
In terms of value and volume, the Europe region is projected to grow at the highest CAGR from 2020 to 2026. The market for green ammonia in the rest of the world region is projected to grow at the highest CAGR from 2021 to 2026, in terms of both value and volume. Fast-track urbanization and the growing agricultural needs of the rising population have raised the demand for green hydrogen in Europe to reduce carbon emissions in the region.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Green Ammonia Market
4.2 Green Ammonia Market, by Technology
4.3 Green Ammonia Market, by End-user
4.4 Europe: Green Ammonia Market, by End-user and Country, 2020
4.5 Green Ammonia Market, by Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Demand for Long-Term Storage of Renewable Energy
5.2.1.2 Obligations to Reduce Greenhouse Emissions from Traditional Ammonia Production Methods
5.2.1.3 Increased Agricultural Production and Subsequent Rise in Fertilizers Consumption
5.2.2 Restraint
5.2.2.1 Higher Initial Capital Requirements for Green Ammonia Plant Infrastructure
5.2.3 Opportunities
5.2.3.1 Ammonia as Maritime Fuel
5.2.3.2 Increasing Focus on Hydrogen-Based Economy
5.2.4 Challenges
5.2.4.1 Low Awareness About Green Ammonia
5.2.5 Impact of COVID-19 on Supply Chain
5.3 Pricing Analysis
5.4 Technology Analysis
5.5 Traditional ('Grey') Ammonia Production
5.5.1 Key Challenge of Ammonia Production
5.6 Green Ammonia Production
5.6.1 Key Challenge of Green Ammonia Production
5.6.2 Future of Green Ammonia
5.7 Case Study Analysis
5.8 Ecosystem
5.9 Value Chain Analysis
6 Green Ammonia Market, by Technology
6.1 Introduction
6.2 Alkaline Water Electrolysis (Awe)
6.2.1 Low Capital Cost of Alkaline Water Electrolysis Systems Driving the Market
6.3 Proton Exchange Membrane (Pem)
6.3.1 High-Purity Hydrogen Produced by Pem Process Contributing to the Market Growth
6.4 Solid Oxide Electrolysis (Soe)
6.4.1 Increasing Demand for Fuel Cells Boosting the Demand for Solid Oxide Electrolysis
7 Green Ammonia Market, by End-user
7.1 Introduction
7.2 Transportation
7.2.1 Adoption of Fuel Cells in Transportation Driving the Green Ammonia Market
7.3 Power Generation
7.3.1 Need for Long-Term Storage of Renewable Energy Generated at Isolated Wind Farms and Solar Panels Driving the Green Ammonia Market
7.4 Industrial Feedstock
7.4.1 Increasing Demand for Food Products Propelling the Demand for Green Fertilizers
8 Green Ammonia Market, by Region
9 Competitive Landscape
9.1 Key Players' Strategies
9.2 Market Evaluation Framework
9.3 Market Share Analysis
9.4 Siemens Energy
9.4.1 Man Energy Solutions
9.4.2 Nel Hydrogen
9.4.3 Thyssenkrupp Ag
9.4.4 Yara International
9.4.5 Haldor Topsoe
9.5 Company Evaluation Quadrant
9.5.1 Star
9.5.2 Pervasive
9.5.3 Emerging Leader
9.5.4 Participant
9.6 Competitive Leadership Mapping of Smes, 2020
9.6.1 Progressive Companies
9.6.2 Responsive Companies
9.6.3 Starting Blocks
9.6.4 Dynamic Companies
9.7 Competitive Scenario
10 Company Profiles
10.1 Technology Providers
10.1.1 Siemens Energy
10.1.2 Man Energy Solutions
10.1.3 Nel Hydrogen
10.1.4 Thyssenkrupp Ag
10.1.5 Itm Power
10.1.6 Green Hydrogen Systems
10.1.7 Mcphy Energy
10.1.8 Electrochaea
10.1.9 Hydrogenics
10.1.10 Aquahydrex
10.1.11 Exytron
10.1.12 Uniper
10.1.13 Enapter
10.1.14 Starfire Energy
10.1.15 Engie
10.2 Chemical Providers
10.2.1 Yara International
10.2.2 Basf Se
10.2.3 Queensland Nitrates
10.3 Ammonia Plant Epc Companies
10.3.1 Haldor Topsoe
10.3.2 Hiringa Energy
11 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/78d0sk
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