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Green ammonia production refers to the process of making ammonia is 100% renewable and carbon-free.
Global Green Ammonia Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global Green Ammonia market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report titled “Global Green Ammonia Market Analysis, 2020”, the Global Green Ammonia market is anticipated to grow at a CAGR of around 54% during 2020-25F.
Market Segmentation
Solid Oxide Electrolysis (SOE) Exhibited Fastest Growth
Based on technology, SOE technology is projected to exhibit fastest growth in the forecast years. This technology is widely used for the generation of electricity renewable sources by producing green hydrogen which further synthesizes to produce green ammonia. Moreover, burgeoning demand for fuel cells is projected to escalate the demand for solid oxide electrolysis technology as the produced green hydrogen can be stored and used as a fuel cell as and when demand for electricity arises it can also be converted back into electricity again.
Zero Carbon Fuel Acquired Considerable market share
Moreover, Energy Storage is also gaining significant pace in the coming years as it helps in shaping the future power industry landscape as produced green ammonia can be stored and reused in long-term for power generation. Furthermore, the rising demand and funding toward the development of efficient power plants to reduce the emission is anticipated to strongly contribute toward the growth of the Green Ammonia market globally in the near future as stated in the MarkNtel Advisors’ research report “Global Green Ammonia Market Analysis, 2020”.
Based on Application, Zero carbon Fuel acquired the subsequent market share in the Global Green Ammonia market in 2019. The boost in government initiatives toward electrification of application especially in transportation sector is leading to the demand for hydrogen as a carbon-free fuel for transport. This enables less dependence on imported fossil fuels especially for the Asian countries such as Japan and the Republic of Korea by utilizing hydrogen.
Market Opportunities
There is a boost in the application of green ammonia in different verticals such as Transportation it can be as a fuel, refrigerant and reduction agent. The burgeoning adoption of electric vehicle in the regions such as North America, Europe, and Asia-Pacific is escalating the deployment of renewable energy at a large scale which is projected to drive the market growth. Apart from this, the augmenting government inclination to reduce carbon emission, development of green ammonia plant in countries such as Chile and Australia along with surging use of ammonia in fertilizers is placing a significant impact for the growth of the market.
Competitive Landscape
According to MarkNtel Advisors, the key players with a considerable market share in the Global Green Ammonia market include Siemens AG, ThyssenKrupp AG, Nel ASA, GreenHydrogen ApS, Enapter S.r.l., Starfire Energy Inc., Engie SA, Yara International, Wesfarmers Chemicals, Energy & Fertilisers Ltd. etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics
Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on Global Green Ammonia Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Global Green Ammonia Market during 2020-25?
A. The growth rate of Global Green Ammonia Market during 2020-25 is forecast to be grow at a CAGR of 54%
Q. Who are the key competitors or players operating in Global Green Ammonia Market?
A. etc., are few of the leading players in the Global Green Ammonia Market.
Q. Which type segment would emerge as an opportunity area for players in Global Green Ammonia Market?
A. Private solution is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global Green Ammonia Market?
A. Asia-Pacific grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for market players of Global Green Ammonia Market.
