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Pulished Date September, 2021
ID: 12162
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Green Ammonia Market Segmentation By Technology (Proton exchange membrane (PEM), Alkaline water electrolysis (AWE) and Solid oxide electrolysis (SOE)), By End-User (Power Generation, Transportation, and Industrial feedstock); and Region - Industry Forecast of 2021 to 2026

Pulished: September, 2021
ID: 12162
Pages: 180

Green Ammonia Market Value & Growth Rate:

The Global Green Ammonia Market size was valued at US$ 12 million in 2021 and is anticipated to reach US$ 853 million by 2026 and increase at a CAGR of 54.10% during 2021 and 2026. 

Green Ammonia Market Scenario:

The rising investments in green fuel and the wide-scale plans on green energy are the main characteristics responsible for the global green ammonia market growth. Primarily, Ammonia is a nitrogen-hydrogen chemical with the formula NH3. Moreover, Ammonia is a colorless gas with a pungent odor. In addition, it is a stable binary hydride and the simplest pnictogen hydride. It is declared chiefly as a frequent nitrogenous waste, especially among aquatic creatures. It contributes considerably to terrestrial organisms' nutritional needs by serving as a precursor to 45 percent of the world's food and fertilizers. Ammonia is also utilized in many commercial cleaning products and is a building block for producing many pharmaceutical medicines, either directly or indirectly. It is gathered mainly by air and water displacement downward. The maximum utilization of hydrogen from water electrolysis and nitrogen extracted from the air is one of the primary methods of producing green Ammonia. These are then put into the Haber process, also termed the Haber-Bosch process, which is entirely powered by renewable energy. The Haber process produces Ammonia, NH3, by combining hydrogen and nitrogen at high temperatures and pressures.

Green Ammonia Market Drivers:

Ammonia is the world's second most-produced chemical used in various sectors, including fertilizer, polymers, explosives, textiles, insecticides, and dyes. However, conventional ammonia production relies on fossil fuels, such as natural gas or coal to obtain hydrogens. As a result, ammonia production accounts for more than 1% of world greenhouse gas emissions and 5% of global natural gas consumption. The steam reforming method produces around 72 percent of the total Ammonia generated worldwide. Therefore, there are a massive amount of carbon dioxide emissions. Green Ammonia is made with renewable energy rather than natural gas or coal. As a result, it is declared as an efficient method of lowering greenhouse gas emissions. The Haber-Bosch electrochemical process manufactures Ammonia without emitting any greenhouse gases. A lot of businesses throughout the world are transitioning to ecological operations to reduce greenhouse gas emissions. This change is driving the green ammonia market. Because of the growing use of green Ammonia as a maritime fuel, the demand for green Ammonia has a bright future. Presently, the shipping industry accounts for 3% of global greenhouse gas emissions, owing primarily to ships' high diesel and sulphur fuel use.

On the other hand, the maritime industry must reduce emissions by switching to greener energy sources. The sulphur limit in transportation oil used on board ships has been cut to 0.5 percent m/m under the International Maritime Organization (IMO) 2020 regulations (mass by mass). This will shift toward higher-quality marine fuels, providing potential for the green ammonia market to expand.

Green Ammonia Market Restraints:

The costly capital nature of green ammonia plants is now the most significant factor impeding market expansion. The average lifespan of a modern ammonia plant is 15 to 20 years. The typical CAPEX cost per tonne of Ammonia produced in a Greenfield project ranges between USD 1,300 and USD 2,000. Green Ammonia, on the other hand, is 1.5 times more expensive than natural gas-based ammonia factories. According to a study, Natural gas or coal, which accounts for 75 percent of the plant's operating costs, is the principal operating cost in ammonia manufacturing. In addition, the expense of electrolyzers raises the price of operations in green ammonia production. Therefore, these are the primary factors responsible for the slowdown of the global green ammonia market growth during the forecast period.

Furthermore, the use of green Ammonia is still in its infancy. Electrochemical synthesis, photochemical synthesis, and chemical looping directly produce Ammonia from water and nitrogen. However, such methods are fraught with considerable technological difficulties that necessitate time and R&D expenditures. As a result, the majority of ammonia producers continue to use traditional techniques of production. The biggest issue with green Ammonia is a lack of knowledge among chemical manufacturers. As a result, the largest chemical companies in China, Japan, and Russia continue to use natural gas steam methanation technology for ammonia production.

Recent Developments in the Global Green Ammonia Market:

  • The Siemens Company declares that its Green Ammonia Demonstrator helps integrate all of the technologies required to demonstrate the overall ammonia energy cycle to a single location. The project aims to improve people's understanding of Ammonia's potential to quickly deploy a bulk, carbon-free hydrogen network.

  • MAN Energy Solutions launches a new project named 'AmmoniaMot.' It is used to produce a dual-fuel and a medium-speed engine, which has the capacity of running both on Ammonia and diesel fuel.

  • Trafigura Group Pte Ltd, which is declared one of the world's largest independent commodity trading organizations, is investing in renewable energy technology again by co-sponsoring developing a MAN Energy Solutions ammonia-fueled engine for maritime boats.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2025

Base Year

2020

Forecast Period

2021 - 2026

CAGR

54.10%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

Market Leaders Profiled

Siemens, MAN Energy Solutions, ITM Power, Nel Hydrogen Solutions, Yara International, Haldor Topsoe, CF Industries Holdings, Inc., ThyssenKrupp AG, Nanjing Kapsom Engineering Limited, Maire Tecnimont SpA

Global Green Ammonia Market Segmentation:

By Technology:

  • Proton exchange membrane (PEM)
  • Alkaline water electrolysis (AWE)
  • Solid oxide electrolysis (SOE)

Based on technology, the solid oxide electrolysis segment holds the highest green ammonia market share during 2021-2026. Because of the growing need for hydrogen systems to reduce carbon emissions, solid oxide electrolysis technology has been identified as a new revenue stream for the green ammonia market. Green hydrogen is produced using the SOE process using extra power supplied from renewable sources. Using SOE technology, green hydrogen can be synthesized further in an ammonia synthesis plant to make green Ammonia. Furthermore, the process produces green hydrogen, which may be stored and utilized as a fuel cell, and again shifted back to electricity when required. When output exceeds demand, this permits power to be stored. As a result, the growing demand for hydrogen fuel cells boos the global green ammonia market in the near future.

By End-User

  • Power generation
  • Transportation
  • Industrial feedstock

Based on end-user, the power generation segment dominates the global green ammonia market and continues to propel the global green ammonia market growth during the forecast period. Surplus renewable energy generated in remote regions can make carbon-free Ammonia, which can be used as a sustainable fuel for power generation, utilizing the electrolysis process. Furthermore, the market for green Ammonia is growing due to the requirement for long-term storage of renewable energy supplied by isolated wind farms and solar panels. 

Global Green Ammonia Market Regional Analysis: 

The Global Green Ammonia Market Report includes the segmentation of Regions:

  1. During 2021-2026, Europe is anticipated to hold the most prominent global green ammonia market, owing to the rise of green hydrogen projects in Germany and the Netherlands. Furthermore, favorable government regulations and activities to manufacture green hydrogen are projected to boost green ammonia demand.

  2. The Asia-Pacific green ammonia market is expected to rise at a substantial CAGR of 9.5 percent during the forecast period. The most prominent factor fuelling the growth of the Asia-Pacific green ammonia market is the growing preference for sustainable energy sources for power generation and transportation fuel.

  3. Green ammonia's widespread use as a replacement for GHG-emitting materials and consistent government regulations to promote green ammonia production are significant factors driving the market's expansion in the North American area.

  4. Latin America

  5. Middle East and Africa

Impact of COVID-19 on Green Ammonia Market:

The ongoing COVID-19 epidemic has had an impact on industries all across the world. Fossil power generation has experienced enormous problems in terms of income, projects, CAPEX, and installations in the current environment. Renewable energy is the only segment that has been unaffected by the epidemic; however, some of the ongoing renewable energy projects have been placed on pause. Renewable energy developments have a direct impact on the green ammonia industry. The green ammonia market is still in its early stages, with no commercial production yet. All of the projects are in the pilot or demonstration stage, with most scheduled to be operational in the coming years. As a result, COVID-19 will have a mild impact on the global green ammonia market during 2021-2026.

Global Green Ammonia Market Key Players:

The companies covered in the report include:

  1. Siemens

  2. MAN Energy Solutions 

  3. ITM Power

  4. Nel Hydrogen Solutions

  5. Yara International

  6. Haldor Topsoe

  7. CF Industries Holdings, Inc.

  8. ThyssenKrupp AG

  9. Nanjing Kapsom Engineering Limited

  10. Maire Tecnimont SpA

 

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Green Ammonia Market , By Technology                       

                                6.1.1 Proton exchange membrane (PEM)             

                                6.1.2 Alkaline water electrolysis (AWE)  

                                6.1.3 Solid oxide electrolysis (SOE)          

                                6.1.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.5 Y-o-Y Growth Rate Analysis              

                                6.1.6 Market Attractiveness Index           

                6.2 Green Ammonia Market , By End-User                           

                                6.2.1 Power Generation

                                6.2.2 Transportation      

                                6.2.3 Industrial feedstock            

                                6.2.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.5 Y-o-Y Growth Rate Analysis              

                                6.2.6 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2021 - 2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Technology       

                                7.2.3 By End-User           

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Technology       

                                7.3.3 By End-User           

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Technology       

                                7.4.3 By End-User           

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Technology       

                                7.5.3 By End-User           

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Technology       

                                7.6.3 By End-User           

8. Key Player Analysis                                    

                8.1 Siemens                      

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 MAN Energy Solutions                           

                8.3 ITM Power                 

                8.4 Nel Hydrogen Solutions                        

                8.5 Yara International                   

                8.6 Haldor Topsoe                          

                8.7 CF Industries Holdings, Inc.                  

                8.8 ThyssenKrupp AG                    

                8.9 Nanjing Kapsom Engineering Limited                               

                8.10 Maire Tecnimont SpA                          

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Green Ammonia Market By Region, From 2021-2026 ( USD Billion )

  2. Global Green Ammonia Market By Technology, From 2021-2026 ( USD Billion )

  3. Global Proton exchange membrane (PEM) Market By Region, From 2021-2026 ( USD Billion )

  4. Global Alkaline water electrolysis (AWE)  Market By Region, From 2021-2026 ( USD Billion )

  5. Global Solid oxide electrolysis (SOE) Market By Region, From 2021-2026 ( USD Billion )

  6. Global Green Ammonia Market By End-User , From 2021-2026 ( USD Billion )

  7. Global Power Generation Market By Region, From 2021-2026 ( USD Billion )

  8. Global Transportation Market By Region, From 2021-2026 ( USD Billion )

  9. Global Industrial feedstock Market By Region, From 2021-2026 ( USD Billion )

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