Green Ammonia Market Projected Positive CAGR of 52.95%, Growth Trends through Sustainability and Eco-Friendly Fertilizers by 2024-2031 | ThyssenKrupp, Siemens Energy, Man Energy Solutions

The global green ammonia market size was worth US$ 0.2 billion in 2023 and is estimated to reach US$ 5.9 billion by 2031, growing at a CAGR of 52.95% during the forecast period (2024-2031).

The Green Ammonia market report provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Leveraging a combination of qualitative and quantitative research methods, the company offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The green ammonia market is emerging as a critical part of the global push for sustainable and environmentally friendly technologies. Green ammonia is seen as a key element in reducing carbon emissions, particularly in the agricultural sector (as fertilizer) and as a potential energy carrier for use in power generation. The market is growing with advancements in renewable energy sources like solar and wind, which are used to produce green ammonia. The increased interest in clean hydrogen production and decarbonizing industries is also fueling the market's growth.

Growth Forecast Projected:

The Global Green Ammonia Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

List of the Key Players in the Green Ammonia Market:

ThyssenKrupp, Siemens Energy, Man Energy Solutions, Nel Hydrogen, Green Hydrogen Systems, ITM Power, Mcphy Energy, Hydrogenics, Star Fire Energy and AquaHydrex.

Industry Development:

✦In May 2024, Cepsa has picked thyssenkrupp nucera as the preferred supplier for a 300-megawatt electrolyzer for its new green hydrogen plant in Spain, set to open. The deal was revealed at the World Hydrogen Summit in Rotterdam. The electrolyzer will play an important role in producing green hydrogen, helping Cepsa's efforts to create sustainable energy solutions.

✦In October 2023, DAI Infrastruktur partnered with Egyptian technology behemoth Siemens Energy to create a green ammonia project in East Port Said, Egypt. DAI's Ra project is expected to begin production of green ammonia in 2028, with a total capacity of 2 million tons per year (mtpa). Siemens will provide electrolysers, auxiliary plant systems, and other equipment for the "hydrogen island" part of Project Ra. During the project development phase, both firms will work together to provide engineering services.

Research Methodology:

Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.

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Market Dynamics:

✦ Drivers: Push for sustainability, decarbonization, and growing demand for eco-friendly fertilizers.

✦ Challenges: High production costs and scalability issues.

✦ Trends: Integration with hydrogen production and advancements in ammonia synthesis technology.

Segment Covered in the Green Ammonia Market:

By Technology (Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM), Solid Oxide Electrolysis (SOE), By End-User (Transportation, Power Generation, Industrial Feedstock)

This Report Covers:

✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.
✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Regional Analysis for Green Ammonia Market:

⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Green Ammonia market?
➠ Who are the global key manufacturers of the Green Ammonia Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
➠ What are the Green Ammonia market opportunities and threats faced by the vendors in the global Green Ammonia Industry?
➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
➠ What focused approach and constraints are holding the Green Ammonia market?
➠ What are the different sales, marketing, and distribution channels in the global industry?

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