Green Ammonia Market Size - By Technology, By End Use Outlook, By Sales Channel and Segment Forecasts to 2032
Global Green Ammonia Market Overview
According to SPER Market Research, the Global Green Ammonia Market is estimated to reach USD 41.97 billion by 2032 with a CAGR of 73.15%. The need of generating clean energy and reducing carbon footprints is expected to cause green ammonia to become more widely used in the next years, which will raise demand. It is also projected that market expansion would be fuelled in the near future by the rising demand for the product as marine fuel and shipping in the transportation sector because it emits no carbon and leaves no sulphur traces, leading to enhanced air quality. Nitrogen from the air and hydrogen from water combine to form green ammonia.
Impact of COVID-19 on the Global Green Ammonia MarketThe expansion of COVID-19 had a detrimental effect on the global green ammonia market in previous year. Downstream businesses are being significantly impacted by the severe restrictions and national lockdowns that have been implemented by government authorities to stop the deadly virus's spread. It has had a significant impact on global supply networks. Even Nevertheless, during the COVID era, there was still a significant need for fertilizers from the agricultural sector. Green ammonia demand is anticipated to rise in the short term as the market gradually starts to reopen as a result of increased demand from the maritime sector.
Scope of the Report:Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Technology, By End User Outlook, By Sales Channel and Segment Forecasts
Regions covered Asia Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered ACME Group, Air Products Inc.,Aker Clean Hydrogen, AquaHydrex, Dyno Nobel, Electrochaea,MAN Energy Solutions, McPhy Energy,Nel Hydrogen ,Origin Energy Limited, Queensland Nitrates Pty Ltd ,Siemens Energy ,Starfire Energy, Yara International ASA
Global Green Ammonia Market Segmentation:By Technology: Based on the Technology, Global Green Ammonia Market is segmented as; Alkaline Water Electrolysis, Proton Exchange Membrane, Solid Oxide Electrolysis.
By End User: Based on the End User, Global Green Ammonia Market is segmented as; Fertilizer, Power Generation, Refrigeration, Transportation, Others.
By Region: The Global Green Ammonia market report covers Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States. The European industry is anticipated to be the largest in terms of volume in previous year.