Green Ammonia Market

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 Code: EP 7700 Jul, 2020, by marketsandmarkets.com

[159 Pages Report] The global green ammonia market is projected to reach USD 852 million by 2030 from an estimated USD 11 million in 2020, at a CAGR of  54.9% during the forecast period. Increasing investments in green fuel and large scale green energy plans driving the green amonia market.

Green Ammonia Market

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COVID-19 Impact on the Global Green Ammonia Market

The ongoing COVID-19 pandemic has impacted the industries globally. Under the current situations, fossil power generation have faced immense challenges in terms of revenues, projects, CAPEX, and installations. The only segment that has faced least affect amidst this pandemic is renewables energy, however, some of the ongoing renewables energy projects have been put on hold. Green ammonia market is directly affected by renewable energy projects. Green ammonia market is in initial phases, wherein no commercial production have been observed till date. All the projets are in pilot or demonstration phases, and most of these are expected to be operational in coming 2 to 3 years. This study has been conducted assuming a realistic scenario, thus, due to haltage of projects, green ammonia market will face a slump in capital expenditures in 2020, but the projects will regain momentum by next year. Thus, COVID-19 will have absolutely mild impact on growth of green ammonia market in coming years.

Green ammonia market Dynamics

Driver: Obligation to reduce green house gas emissions from traditional ammonia methods

Ammonia is the second most-produced chemical in the world and acts as a building block for various endues industries, such as fertilizer, plastics, explosives, fabrics, pesticides, and dyes. However, conventional ammonia making consumes fossil fuels, such as natural gas or coal, for sourcing hydrogen, and as a result, ammonia production is responsible for more than 1% of the global greenhouse gas emissions and 5% of the global natural gas consumption. Globally, about 72% of the total ammonia is produced from natural gas using the steam reforming process. This results in high level of carbon dioxide emissions. Green ammonia uses renewable energy instead of natural gas or coal for producing hydrogen; hence, is an effective way to reduce greenhouse emissions. The electrochemical Haber-Bosch process produces ammonia without any greenhouse emissions. In a bid to reduce greenhouse emissions, a number of companies across the world are shifting towards ecological processes. Such transition is driving the green ammonia market

Restraints:  Higher initial capital requirements for green ammonia plant infrastructure

Currently, the major factor obstructing the growth of the green ammonia market is the capital intensivemnature of green ammonia plants. A modern ammonia plant has an average lifespan of 15 to 20 years. An average CAPEX cost associated with a greenfield project is around USD 1,300–2,000 per ton of ammonia produced. However, green ammonia costs 1.5 times higher than the natural gas-based ammonia plants. Major operational costs in ammonia production are associated with natural gas or coal, which accounts for 75% of the plant’s operating costs. In a green ammonia plant, the cost of electrolyzers increases the cost of operations. Thus, higher capital intensity of green ammonia plants makes it cost inefficient for smallscale production. Thus, such factos hamper the growth for green ammonia market.

Opportunities: Ammonia as a maritime fuel

The green ammonia market has promising growth potential due to increasing consumption of green ammonia as a maritime fuel The shipping industry currently contributes to 3% of the global greenhouse emissions, and this is mainly due to high consumption of diesel and high sulfur fuel for ships. However, the maritime industry is obliged to cut down its emissions by using cleaner energy sources. The International Maritime Organization (IMO) 2020 regulations has reduced the limit of sulfur in transportation oil used in onboard ships to 0.5% m/m (mass by mass). This will result in transition towards higher quality marine fuels, which will bring growth opportunities for the green ammonia market.

Challenges: Low awareness about green ammonia

Green ammonia technology is still in its nascent phase. Processes directly producing ammonia from water and nitrogen include electrochemical synthesis, photochemical synthesis, or chemical looping. However, such processes are associated with significant technical challenges, which require investment in time and R&D activities. Most of the ammonia producers are still using conventional methods for producing ammonia. The main challenge associated with green ammonia is low awareness among chemical producers. The major chemical producers in China, Japan, and Russia are still using natural gas steam methanation technology for producing ammonia. However, the market for green ammonia is expected to gain traction during the forecast period with growing awareness about electrolysis technology and reduction in the cost of renewable power generation.

Green Ammonia Market Interconnection

By technology, the solid oxide electrolysis segment is expected to make the largest contribution to the green ammonia market during the forecast period.

SOE technology is observed to be new revenue pockets for the green ammonia market owing to the increasing demand for hydrogen systems to cut the carbon emissions. The SOE process is used to produce green hydrogen from surplus electricity generated from renewable sources. Such green hydrogen can be synthesise further in ammonia synthesis plant to produce green ammonia by using SOE technology. Moreover, the green hydrogen produced by the process can be stored and used as a fuel cell, and reconverted into electricity again when the demand arises. This allows the storage of electricity when production exceeds demand. Therefore, increasing demand for hydrogen fuel cells are expected to drive the SOE market during the forecast period.

By end user, the power generation segment is expected to grow at the fastest rate during the forecast period.

The power generation segment is expected to grow at the fastest rate during the forecast period as electricity generated by using green ammonia is observed to be the cleaner version of gas. By using the electrolysis process, surplus renewable energy generated at isolated locations can be used to produce carbon-free ammonia, which can act as a sustainable fuel for power generation. Furthermore, the need for long term storage of renewable energy generated at isolated wind farms and solar panels drives the growth of green ammonia market.

Europe is expected to be the largest market during the forecast period.

Europe, North America,  Asia Pacific, and Rest of the World are the major regions considered for the study of the green ammonia market. Europe is estimated to be the largest market from 2020 to 2030, driven by the growth in green hydrogen projects in the Germany and Netherlands. Additionally, favourable government policies and initiatives to produce green hydrogen is expected to drive the demand for green ammonia

Green Ammonia Market by Region

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Key Market Players

The major players in the global green ammonia market are Siemens (Germany), MAN Energy Solutions (Germany), ITM Power (UK), Nel Hydrogen Solutions (Norway), Yara International (Norway) and Haldor Topsoe (Denmark).

Recent Developments

  • In April 2020, ITM Energy was awarded a project by the UK Government to provide green hydrogen solutions in Humberside. The project will lead to the production of renewable hydrogen at the Gigawatt (GW) scale by deploying 100 MW electrolyzers.
  • In February 2020, Nel Hydrogen received a purchase order worth approximately USD 2.2 million for 1 megawatt containerized Proton PEM electrolyzer from Trillium, a provider of installation and operations for innovative energy solutions. Transportation Fuels, LLC, that offers the electrolyzer will be used to produce green hydrogen for a fleet of fuel cell electric buses in Urbana, Illinois, US.
  • In December 2019, Nel Fuel AS, a subsidiary of Nel ASA, formed a joint venture with H2 Energy AS, Greenstat AS (Norway), and Akershus Energi Infrastruktur AS (Norway). These companies provide and distribute green hydrogen to establish Green H2 Norway, in which all parties had an equal share.
  • In February 2019, Uniper and its consortium partners, VNG Gasspeicher GmbH (VGS), ONTRAS Gastransport GmbH, and DBI Freiberg, providers of green energy solutions, built an electrolysis plant in the central German chemical triangle that would produce up to 35 MW of green hydrogen.

Scope of the Report

Report Metric

Details

Market Size available for years

2018–2030

Base year considered

2019

Forecast period

2020–2030

Forecast units

Value (USD)

Segments covered

Technology, End User, and region

Geographies covered

Asia Pacific, North America, Europe, and rest of the World

Companies covered

Siemens (Germany), thyssenkrupp (Germany), Nel Hydrogen (Norway), MAN Energy Solutions (Germany), Green Hydrogen Systems (Denmark), McPhy Energy (France), Electrochaea (Germany), Hydrogenics (Canada), ITM Power (UK), Uniper (Germany), Yara International (Norway), BASF (Germany), Queensland Nitrate, Pty Ltd. (Australia), Enapter (Germany), Haldor Topsoe (Denmark), Hiringa Energy (New Zealand), ENGIE (France)

This research report categorizes the green ammonia market based on technology, end user and region.

Based on technology, the green ammonia market has been segmented as follows:

  • Alkaline Water Electrolysis (AWE)
  • Proton Exchange Membrane (PEM)
  • Solid Oxide Electrolysis (SOE)

Based on the end user, the green ammonia market has been segmented as follows:

  • Power generation  
  • Transportation
  • Iduatrial Feedstock

Based on the region, the green ammonia market has been segmented as follows:

  • Europe
  • Asia Pacific
  • North America
  • Rest of the World

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 23)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
           1.2.1 GREEN AMMONIA MARKET: INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 27)
    2.1 RESEARCH DATA
        FIGURE 1 GREEN AMMONIA MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primaries
                            TABLE 1 GREEN AMMONIA MARKET: PLAYERS/COMPANIES CONNECTED
    2.2 SCOPE
    2.3 MARKET SIZE ESTIMATION
           2.3.1 DEMAND-SIDE ANALYSIS
                    2.3.1.1 Assumptions
                    2.3.1.2 Limitations
                    2.3.1.3 Calculation
           2.3.2 SUPPLY-SIDE ANALYSIS
                    2.3.2.1 Assumptions
                    2.3.2.2 Calculation
                            FIGURE 2 RANKING OF KEY PLAYERS & INDUSTRY CONCENTRATION, 2019
           2.3.3 FORECAST
                    2.3.3.1 Assumptions
                    2.3.3.2 Calculation
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 3 DATA TRIANGULATION METHODOLOGY
    2.5 PRIMARY INSIGHTS
           2.5.1 KEY PLAYERS’ POINT OF VIEW:

3 EXECUTIVE SUMMARY (Page No. - 36)
    3.1 GREEN AMMONIA MARKET SNAPSHOT
        FIGURE 4 EUROPE HELD LARGEST SHARE OF GREEN AMMONIA MARKET IN 2019
        FIGURE 5 ALKALINE WATER ELECTROLYSIS IS EXPECTED TO DOMINATE TECHNOLOGY LANDSCAPE OF GREEN AMMONIA MARKET DURING FORECAST PERIOD
        FIGURE 6 POWER GENERATION SEGMENT LED GREEN AMMONIA MARKET, BY END USER, IN 2019

4 PREMIUM INSIGHTS (Page No. - 40)
    4.1 ATTRACTIVE OPPORTUNITIES IN GREEN AMMONIA MARKET
        FIGURE 7 HIGH DEMAND FOR LONG-TERM POWER STORAGE SOLUTIONS TO SUPPLEMENT GREEN AMMONIA MARKET GROWTH DURING 2020–2030
    4.2 GREEN AMMONIA MARKET, BY TECHNOLOGY
        FIGURE 8 SOLID OXIDE ELECTROLYSIS TECHNOLOGY IS EXPECTED TO RECORD HIGHEST CAGR FROM 2020 TO 2030
    4.3 GREEN AMMONIA MARKET, BY END USER
        FIGURE 9 POWER GENERATION SEGMENT IS EXPECTED TO CAPTURE HIGHEST CAGR DURING FORECAST PERIOD
    4.4 GREEN AMMONIA MARKET, BY REGION
        FIGURE 10 GREEN AMMONIA MARKET IN EUROPE IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.5 EUROPE GREEN AMMONIA MARKET, BY END USER & COUNTRY
        FIGURE 11 POWER GENERATION SEGMENT, BY END USER, AND GERMANY, BY COUNTRY DOMINATED EUROPE GREEN AMMONIA MARKET IN 2019

5 MARKET OVERVIEW (Page No. - 43)
    5.1 INTRODUCTION
    5.2 COVID-19 HEALTH ASSESSMENT
        FIGURE 12 COVID-19 GLOBAL PROPAGATION
        FIGURE 13 COVID-19 PROPAGATION IN SELECT COUNTRIES
    5.3 ROAD TO RECOVERY
        FIGURE 14 RECOVERY ROAD FOR 2020
    5.4 COVID-19 ECONOMIC ASSESSMENT
        FIGURE 15 REVISED GDP FORECAST FOR SELECT G20 COUNTRIES IN 2020
    5.5 MARKET DYNAMICS
        FIGURE 16 GREEN AMMONIA MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.5.1 DRIVERS
                    5.5.1.1 Demand for long-term storage of renewable energy
                            FIGURE 17 GLOBAL RENEWABLE ENERGY CAPACITY TREND, BY SOURCE, 2010—2019
                            TABLE 2 FALLING POWER GENERATION COSTS, 2010–2019
                    5.5.1.2 Obligations to reduce greenhouse emissions from traditional ammonia methods
                            FIGURE 18 GLOBAL GREENHOUSE GAS EMISSIONS, BY SECTOR, 2016
                    5.5.1.3 Increased agricultural production and subsequent rise in fertilizers consumption
                            FIGURE 19 GLOBAL FERTILIZER DEMAND, BY NUTRIENT SOURCE, 2015–2020
           5.5.2 RESTRAINT
                    5.5.2.1 Higher initial capital requirements for green ammonia plant infrastructure
           5.5.3 OPPORTUNITIES
                    5.5.3.1 Ammonia as maritime fuel
                    5.5.3.2 Increasing focus on hydrogen-based economy
           5.5.4 CHALLENGES
                    5.5.4.1 Low awareness about green ammonia

6 GLOBAL GREEN AMMONIA MARKET, BY TECHNOLOGY (Page No. - 53)
    6.1 INTRODUCTION
        FIGURE 20 BY TECHNOLOGY, SOLID OXIDE ELECTROLYSIS IS EXPECTED TO GROW AT HIGHEST CAGR FROM 2020 TO 2030
        TABLE 3 GLOBAL GREEN AMMONIA MARKET, BY TECHNOLOGY, 2018–2030 (USD THOUSAND)
    6.2 ALKALINE WATER ELECTROLYSIS (AWE)
           6.2.1 LOW CAPITAL COST OF ALKALINE WATER ELECTROLYSIS SYSTEMS DRIVES MARKET GROWTH
                 TABLE 4 ALKALINE WATER ELECTROLYSIS: GLOBAL GREEN AMMONIA MARKET, BY REGION, 2018–2030 (USD THOUSAND)
    6.3 PROTON EXCHANGE MEMBRANE (PEM)
           6.3.1 HIGH-PURITY HYDROGEN PRODUCED BY PEM PROCESS DRIVES MARKET GROWTH
                 TABLE 5 PROTON EXCHANGE MEMBRANE: GLOBAL GREEN AMMONIA MARKET, BY REGION, 2018–2030 (USD THOUSAND)
    6.4 SOLID OXIDE ELECTROLYSIS (SOE)
           6.4.1 INCREASING DEMAND FOR FUEL CELLS BOOSTS DEMAND FOR SOLID OXIDE ELECTROLYSIS
                 TABLE 6 SOLID OXIDE ELECTROLYSIS: GLOBAL GREEN AMMONIA MARKET, BY REGION, 2018–2030 (USD THOUSAND)

7 GLOBAL GREEN AMMONIA MARKET, BY END USER (Page No. - 58)
    7.1 INTRODUCTION
        FIGURE 21 POWER GENERATION EXPECTED TO LEAD GLOBAL GREEN AMMONIA MARKET, BY END USER, FROM 2020 TO 2030
        TABLE 7 GLOBAL GREEN AMMONIA MARKET, BY END USER, 2018–2030 (USD THOUSAND)
    7.2 TRANSPORTATION
           7.2.1 ADOPTION OF FUEL CELL IN TRANSPORTATION DRIVES GREEN AMMONIA MARKET
                 TABLE 8 TRANSPORTATION: GLOBAL GREEN AMMONIA MARKET, BY REGION, 2018–2030 (USD THOUSAND)
    7.3 POWER GENERATION
           7.3.1 NEED FOR LONG-TERM STORAGE OF RENEWABLE ENERGY GENERATED AT ISOLATED WIND FARMS AND SOLAR PANELS DRIVES GROWTH OF GREEN AMMONIA MARKET
                 TABLE 9 POWER GENERATION: GLOBAL GREEN AMMONIA MARKET, BY REGION, 2018–2030 (USD THOUSAND)
    7.4 INDUSTRIAL FEEDSTOCK
           7.4.1 INCREASING DEMAND FOR FOOD PRODUCTS DRIVES DEMAND FOR GREEN FERTILIZERS
                 TABLE 10 INDUSTRIAL FEEDSTOCK: GLOBAL GREEN AMMONIA MARKET, BY REGION, 2018–2030 (USD THOUSAND)

8 GLOBAL GREEN AMMONIA MARKET, BY REGION (Page No. - 63)
    8.1 INTRODUCTION
        FIGURE 22 EUROPEAN COUNTRIES ARE EXPECTED TO EXHIBIT RELATIVELY HIGHER GROWTH RATE DURING FORECAST PERIOD
        TABLE 11 GREEN AMMONIA MARKET, BY REGION, 2018–2030 (USD THOUSAND)
    8.2 EUROPE
        FIGURE 23 EUROPE: GREEN AMMONIA MARKET OVERVIEW, 2019
           8.2.1 MACRO FACTORS
                    8.2.1.1 Ammonia production
                            TABLE 12 EUROPE: AMMONIA PRODUCTION, BY COUNTRY, 2015–2019 (THOUSAND TONS)
                    8.2.1.2 Hydrogen generation
                            TABLE 13 EUROPE: HYDROGEN GENERATION, BY COUNTRY, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                    8.2.1.3 Installed renewable capacity
                            TABLE 14 EUROPE: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 2015–2019 (MW)
                    8.2.1.4 Greenhouse gas emissions
                            TABLE 15 EUROPE: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 2013–2017 (MILLION TONS OF CO2)
           8.2.2 BY TECHNOLOGY
                 TABLE 16 EUROPE: GREEN AMMONIA MARKET: BY TECHNOLOGY, 2018–2030 (USD THOUSAND)
           8.2.3 BY END USER
                 TABLE 17 EUROPE: GREEN AMMONIA MARKET: BY END USER, 2018–2030 (USD THOUSAND)
                    8.2.3.1 End user by country
                            TABLE 18 TRANSPORTATION: EUROPE GREEN AMMONIA MARKET: BY COUNTRY, 2018–2030 (USD THOUSAND)
                            TABLE 19 POWER GENERATION: EUROPE GREEN AMMONIA MARKET: BY COUNTRY, 2018–2030 (USD THOUSAND)
                            TABLE 20 INDUSTRIAL FEEDSTOCK: EUROPE GREEN AMMONIA MARKET: BY COUNTRY, 2018–2030 (USD THOUSAND)
           8.2.4 BY COUNTRY
                 TABLE 21 EUROPE: GREEN AMMONIA MARKET: BY COUNTRY, 2018–2030 (USD THOUSANDS)
                    8.2.4.1 Germany
                               8.2.4.1.1 Increase in demand for energy storage systems, such as fuel cells, expected to drive green ammonia market in Germany
                               8.2.4.1.2 Macro factors
                                         TABLE 22 GERMANY: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TONS)
                                         TABLE 23 GERMANY: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                                         TABLE 24 GERMANY: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                                         TABLE 25 GERMANY: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)
                               8.2.4.1.3 By end user
                                         TABLE 26 GERMANY: GREEN AMMONIA MARKET, BY END USER, 2018–2030 (USD THOUSAND)
                    8.2.4.2 UK
                               8.2.4.2.1 Investments in green fuel, zero-carbon aviation, and agriculture drive demand for green ammonia
                               8.2.4.2.2 Macro factors
                                         TABLE 27 UK: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TONS)
                                         TABLE 28 UK: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                                         TABLE 29 UK: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                                         TABLE 30 UK: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)
                               8.2.4.2.3 By end user
                                         TABLE 31 UK: GREEN AMMONIA MARKET, BY END USER, 2018–2030 (USD THOUSAND)
                    8.2.4.3 Norway
                               8.2.4.3.1 Efforts for decarbonizing maritime industry drives green ammonia market in Norway
                               8.2.4.3.2 Macro factors
                                         TABLE 32 NORWAY: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                                         TABLE 33 NORWAY: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)
                               8.2.4.3.3 By end user
                                         TABLE 34 NORWAY: GREEN AMMONIA MARKET, BY END USER, 2018–2030 (USD THOUSAND)
                    8.2.4.4 Denmark
                               8.2.4.4.1 Investments in green fuel and large-scale green energy plans drive green ammonia market in Denmark
                               8.2.4.4.2 Macro factors
                                         TABLE 35 DENMARK: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                                         TABLE 36 DENMARK: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)
                               8.2.4.4.3 By end user
                                         TABLE 37 DENMARK: GREEN AMMONIA MARKET, BY END USER, 2018–2030 (USD THOUSAND)
                    8.2.4.5 Netherlands
                               8.2.4.5.1 Favorable government policies and initiatives to produce green hydrogen expected to drive demand for green ammonia
                               8.2.4.5.2 Macro factors
                                         TABLE 38 NETHERLANDS: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TONS)
                                         TABLE 39 NETHERLANDS: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                                         TABLE 40 NETHERLANDS: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                                         TABLE 41 NETHERLANDS: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)
                               8.2.4.5.3 By end user
                                         TABLE 42 NETHERLANDS: GREEN AMMONIA MARKET, BY END USER, 2018–2030 (USD THOUSAND)
    8.3 ASIA PACIFIC
           8.3.1 MACRO FACTORS
                    8.3.1.1 Ammonia production
                            TABLE 43 ASIA PACIFIC: AMMONIA PRODUCTION, BY COUNTRY, 2015–2019 (THOUSAND TONS)
                    8.3.1.2 Hydrogen generation
                            TABLE 44 ASIA PACIFIC: HYDROGEN GENERATION, BY COUNTRY, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                    8.3.1.3 Installed renewable capacity
                            TABLE 45 ASIA PACIFIC: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 2015–2019 (MW)
                    8.3.1.4 Greenhouse gas emissions
                            TABLE 46 ASIA PACIFIC: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 2013–2017 (MILLION TONS OF CO2)
           8.3.2 BY TECHNOLOGY
                 TABLE 47 ASIA PACIFIC: GREEN AMMONIA MARKET: BY TECHNOLOGY, 2018–2030 (USD THOUSAND)
           8.3.3 BY END USER
                 TABLE 48 ASIA PACIFIC: GREEN AMMONIA MARKET: BY END USER, 2018–2030 (USD THOUSAND)
                    8.3.3.1 End user, by country
                            TABLE 49 TRANSPORTATION: ASIA PACIFIC GREEN AMMONIA MARKET: BY COUNTRY, 2018–2030 (USD THOUSAND)
                            TABLE 50 POWER GENERATION: ASIA PACIFIC GREEN AMMONIA MARKET: BY COUNTRY, 2018–2030 (USD THOUSAND)
                            TABLE 51 INDUSTRIAL FEEDSTOCK: ASIA PACIFIC GREEN AMMONIA MARKET: BY COUNTRY, 2018–2030 (USD THOUSAND)
           8.3.4 BY COUNTRY
                 TABLE 52 ASIA PACIFIC: GREEN AMMONIA MARKET: BY COUNTRY, 2018–2030 (USD THOUSANDS)
                    8.3.4.1 Australia
                               8.3.4.1.1 Increase in demand for low-carbon green hydrogen driving growth of green ammonia market
                               8.3.4.1.2 Macro factors
                                         TABLE 53 AUSTRALIA: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TONS)
                                         TABLE 54 AUSTRALIA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                                         TABLE 55 AUSTRALIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                                         TABLE 56 AUSTRALIA: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)
                               8.3.4.1.3 By end user
                                         TABLE 57 AUSTRALIA: GREEN AMMONIA MARKET, BY END USER, 2018–2030 (USD THOUSAND)
                    8.3.4.2 Japan
                               8.3.4.2.1 Increase in demand for alkaline electrolyzers to conduct water electrolysis driving growth of green ammonia market
                               8.3.4.2.2 Macro factors
                                         TABLE 58 JAPAN: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TONS)
                                         TABLE 59 JAPAN: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                                         TABLE 60 JAPAN: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                                         TABLE 61 JAPAN: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)
                               8.3.4.2.3 By end user
                                         TABLE 62 JAPAN: GREEN AMMONIA MARKET, BY END USER, 2018–2030 (USD THOUSAND)
                    8.3.4.3 New Zealand
                               8.3.4.3.1 Increasing adoption of electric vehicles leads to renewable energy deployment at larger scale, which brings opportunities for green ammonia market
                                         TABLE 63 NEW ZEALAND: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TONS)
                                         TABLE 64 NEW ZEALAND: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                                         TABLE 65 NEW ZEALAND: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                                         TABLE 66 NEW ZEALAND: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)
                               8.3.4.3.2 By end user
                                         TABLE 67 NEW ZEALAND: GREEN AMMONIA MARKET, BY END USER, 2018–2030 (USD THOUSAND)
    8.4 NORTH AMERICA
           8.4.1 MACRO FACTORS
                    8.4.1.1 Ammonia production
                            TABLE 68 NORTH AMERICA: AMMONIA PRODUCTION, BY COUNTRY, 2015–2019 (THOUSAND TONS)
                    8.4.1.2 Hydrogen generation
                            TABLE 69 NORTH AMERICA: HYDROGEN GENERATION, BY COUNTRY, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                    8.4.1.3 Installed renewable capacity
                            TABLE 70 NORTH AMERICA: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 2015–2019 (MW)
                    8.4.1.4 Greenhouse gas emissions
                            TABLE 71 NORTH AMERICA: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 2013–2017 (MILLION TONS OF CO2)
           8.4.2 BY TECHNOLOGY
                 TABLE 72 NORTH AMERICA: GREEN AMMONIA MARKET: BY TECHNOLOGY, 2018–2030 (USD THOUSAND)
           8.4.3 BY END USER
                 TABLE 73 NORTH AMERICA: GREEN AMMONIA MARKET: BY END USER, 2018–2030 (USD THOUSAND)
                    8.4.3.1 End user, by country
                            TABLE 74 TRANSPORTATION: NORTH AMERICA GREEN AMMONIA MARKET: BY COUNTRY, 2018–2030 (USD THOUSAND)
                            TABLE 75 POWER GENERATION: NORTH AMERICA GREEN AMMONIA MARKET: BY COUNTRY, 2018–2030 (USD THOUSAND)
                            TABLE 76 INDUSTRIAL FEEDSTOCK: NORTH AMERICA GREEN AMMONIA MARKET: BY COUNTRY, 2018–2030 (USD THOUSAND)
           8.4.4 BY COUNTRY
                 TABLE 77 NORTH AMERICA: GREEN AMMONIA MARKET: BY COUNTRY, 2018–2030 (USD THOUSANDS)
                    8.4.4.1 US
                               8.4.4.1.1 Increasing government support and developing hydrogen infrastructure fueling green ammonia market growth
                               8.4.4.1.2 Macro factors
                                         TABLE 78 US: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TONS)
                                         TABLE 79 US: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                                         TABLE 80 US: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                                         TABLE 81 US: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)
                               8.4.4.1.3 By end user
                                         TABLE 82 US: GREEN AMMONIA MARKET, BY END USER, 2018–2030 (USD THOUSAND)
                    8.4.4.2 Canada
                               8.4.4.2.1 Increasing fuel cell power generation boosting demand for green hydrogen in Canada
                                         TABLE 83 CANADA: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TONS)
                                         TABLE 84 CANADA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                                         TABLE 85 CANADA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                                         TABLE 86 CANADA: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)
                               8.4.4.2.2 By end user
                                         TABLE 87 CANADA: GLOBAL GREEN AMMONIA MARKET, BY END USER, 2018–2030 (USD THOUSAND)
                    8.4.4.3 Mexico
                               8.4.4.3.1 Large scale refining operations expected to drive demand for green ammonia market.
                               8.4.4.3.2 Macro factors
                                         TABLE 88 MEXICO: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TONS)
                                         TABLE 89 MEXICO: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                                         TABLE 90 MEXICO: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                                         TABLE 91 MEXICO: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)
                               8.4.4.3.3 By end user
                                         TABLE 92 MEXICO: GLOBAL GREEN AMMONIA MARKET, BY END USER, 2018–2030 (USD THOUSAND)
    8.5 REST OF THE WORLD
           8.5.1 MACRO FACTORS
                    8.5.1.1 Ammonia production
                            TABLE 93 REST OF THE WORLD: AMMONIA PRODUCTION, BY COUNTRY, 2015–2019 (THOUSAND TONS)
                    8.5.1.2 Hydrogen generation
                            TABLE 94 REST OF THE WORLD: HYDROGEN GENERATION, BY COUNTRY, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                    8.5.1.3 Installed renewable capacity
                            TABLE 95 REST OF THE WORLD: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 2015–2019 (MW)
                    8.5.1.4 Greenhouse gas emissions
                            TABLE 96 REST OF THE WORLD: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 2013–2017 (MILLION TONS OF CO2)
           8.5.2 BY TECHNOLOGY
                 TABLE 97 REST OF THE WORLD: GREEN AMMONIA MARKET: BY TECHNOLOGY, 2018–2030 (USD THOUSAND)
           8.5.3 BY END USER
                 TABLE 98 REST OF THE WORLD: GREEN AMMONIA MARKET: BY END USER, 2018–2030 (USD THOUSAND)
           8.5.4 BY COUNTRY
                    8.5.4.1 China
                            FIGURE 24 FUEL CELL ELECTRIC VEHICLE TARGETS FOR CHINA, 2018-2030
                               8.5.4.1.1 Macro factors
                                         TABLE 99 CHINA: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TONS)
                                         TABLE 100 CHINA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARDCUBIC FEET PER DAY)
                                         TABLE 101 CHINA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                                         TABLE 102 CHINA: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)
                    8.5.4.2 India
                               8.5.4.2.1 Macro factors
                                         TABLE 103 INDIA: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TONS)
                                         TABLE 104 INDIA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                                         TABLE 105 INDIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                                         TABLE 106 INDIA: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)
                    8.5.4.3 Russia
                            FIGURE 25 SHARE OF MAJOR RUSSIAN AMMONIA PRODUCERS, 2019
                               8.5.4.3.1 Macro factors
                                         TABLE 107 RUSSIA: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TONS)
                                         TABLE 108 RUSSIA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                                         TABLE 109 RUSSIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                                         TABLE 110 RUSSIA: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)
                    8.5.4.4 France
                               8.5.4.4.1 Macro factors
                                         TABLE 111 FRANCE: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TONS)
                                         TABLE 112 FRANCE: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                                         TABLE 113 FRANCE: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                                         TABLE 114 FRANCE: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)
                    8.5.4.5 Austria
                               8.5.4.5.1 Macro factors
                                         TABLE 115 AUSTRIA: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TONS)
                                         TABLE 116 AUSTRIA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                                         TABLE 117 AUSTRIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                                         TABLE 118 AUSTRIA: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)
                    8.5.4.6 Chile
                               8.5.4.6.1 Macro factors
                                         TABLE 119 CHILE: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                                         TABLE 120 CHILE: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)
                    8.5.4.7 Morocco
                               8.5.4.7.1 Macro factors
                                         TABLE 121 MOROCCO: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                                         TABLE 122 MOROCCO: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)

9 COMPETITIVE LANDSCAPE (Page No. - 107)
    9.1 OVERVIEW
        FIGURE 26 KEY DEVELOPMENTS IN GLOBAL GREEN AMMONIA MARKET, 2018–JUNE 2020
    9.2 INDUSTRY CONCENTRATION, 2019
        FIGURE 27 RANKING OF KEY PLAYERS & INDUSTRY CONCENTRATION, 2019
    9.3 COMPETITIVE SCENARIO
        TABLE 123 DEVELOPMENTS OF KEY PLAYERS IN MARKET, 2018–2020
           9.3.1 PRODUCT LAUNCHES
           9.3.2 CONTRACTS & AGREEMENTS
           9.3.3 PARTNERSHIPS/JOINT VENTURES/COLLABORATIONS
    9.4 WINNERS VS. TAIL-ENDERS
           9.4.1 WINNERS
           9.4.2 TAIL ENDERS

10 COMPANY PROFILES (Page No. - 114)
     10.1 TECHNOLOGY PROVIDERS
(Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
             10.1.1 SIEMENS
                    FIGURE 28 SIEMENS: COMPANY SNAPSHOT
                    FIGURE 29 SIEMENS: SWOT ANALYSIS
             10.1.2 MAN ENERGY SOLUTIONS
                    FIGURE 30 MAN ENERGY SOLUTIONS: SWOT ANALYSIS
             10.1.3 NEL HYDROGEN
                    FIGURE 31 NEL HYDROGEN: COMPANY SNAPSHOT
                    FIGURE 32 NEL HYDROGEN: SWOT ANALYSIS
             10.1.4 THYSSENKRUPP
                    FIGURE 33 THYSSENKRUPP: COMPANY SNAPSHOT
                    FIGURE 34 THYSSENKRUPP: SWOT ANALYSIS
             10.1.5 ITM POWER
                    FIGURE 35 ITM POWER: COMPANY SNAPSHOT
                    FIGURE 36 ITM POWER: SWOT ANALYSIS
             10.1.6 GREEN HYDROGEN SYSTEMS
             10.1.7 MCPHY ENERGY
                    FIGURE 37 MCPHY ENERGY: COMPANY SNAPSHOT
             10.1.8 ELECTROCHAEA
             10.1.9 HYDROGENICS
             10.1.10 AQUAHYDREX
             10.1.11 EXYTRON
             10.1.12 UNIPER
                     FIGURE 38 UNIPER: COMPANY SNAPSHOT
             10.1.13 ENAPTER
             10.1.14 STARFIRE ENERGY
             10.1.15 ENGIE
                     FIGURE 39 ENGIE: COMPANY SNAPSHOT
     10.2 CHEMICAL PROVIDERS
             10.2.1 YARA INTERNATIONAL
                    FIGURE 40 YARA INTERNATIONAL: COMPANY SNAPSHOT
             10.2.2 BASF
                    FIGURE 41 BASF: COMPANY SNAPSHOT
             10.2.3 QUEENSLAND NITRATES
     10.3 AMMONIA PLANT EPC COMPANIES
             10.3.1 HALDOR TOPSOE
                    FIGURE 42 HALDOR TOPSOE: COMPANY SNAPSHOT
             10.3.2 HIRINGA ENERGY

* Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.

11 APPENDIX (Page No. - 152)
     11.1 INSIGHTS OF INDUSTRY EXPERTS
     11.2 DISCUSSION GUIDE
     11.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     11.4 AVAILABLE CUSTOMIZATIONS
     11.5 RELATED REPORTS
     11.6 AUTHOR DETAILS

This study involved four major activities in estimating the current size of the green ammonia market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global green ammonia market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases. 

Primary Research

The gren ammonia market comprises several stakeholders, such as end-product manufacturers and end-users in the supply chain. The demand-side of this market is characterized by its end-user industries, such as transportation, power generation and industrial feedstock companies. The supply-side is calculated by investments incurred by all all six technology providers companies that have been derive from the project list mentioned in theor websites. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:

Green Ammonia Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global green ammonia market and its dependent submarkets. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The key players across the industrial value chain have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Green Ammonia Market Bottom-Up Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various maro factors and trends from both the demand and supply sides in the green hydrogen and green ammonia  sector.

Report Objectives

  • To define, describe, and forecast the global green ammonia market based on technology, end user and region
  • To provide detailed information on the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges
  • To strategically analyze the micro-markets with respect to individual growth trends, prospects, and contribution to the total market
  • To analyze major tools and equipment used for producing  green ammonia
  • To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
  • To forecast the market size of segments with respect to major regions, namely, Europe, North America, Asia Pacific, and Rest of the World
  • To strategically profile key players and comprehensively analyze their respective market share and core competencies
  • To track and analyze developments in the green ammonia market, such as new product launches, joint ventures, partnerships, collaborations, and contracts & agreements

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

Further breakdown of region or country-specific analysis

Company Information

Detailed analyses and profiling of additional market players (up to 5)

COVID-19

Get in-depth analysis of the COVID-19 impact on the Green Ammonia Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Green Ammonia Market

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Jul, 2020
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