Green Ammonia Market

Green Ammonia Market by Technology (Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM) Electrolysis, Solid Oxide Electrolysis), End-Use Application (Transportation, Power Generation, Industrial Feedstock) & Region - Global Forecast to 2030

Report Code: EP 7700 Feb, 2023, by marketsandmarkets.com

The global green ammonia market size was valued at $0.3 billion in 2023 and to reach $17.9 billion in 2030, growing at a compound annual growth rate (CAGR) of 72.9% from 2023 to 2030.

Green ammonia refers to the production of renewable and carbon-free ammonia. It is produced by generating energy from solar/wind/hydropower, which is then fed into an electrolyzer. It extracts hydrogen from water, while nitrogen is removed from the air using an air separation unit. In this process, hydrogen and nitrogen react at high temperatures and pressures to produce ammonia. Rising investment in renewable energy projects and a decline in power generation cost is expected to drive the green ammonia market.

Green Ammonia Market

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Green Ammonia Market Dynamics

Driver: Increased need for eco-friendly fertilizers with rising agricultural production

The demand for fertilizers is increasing owing to the rapid increase in global agricultural production. According to the Food and Agriculture Organization, total fertilizer consumption from 2021 to 2022 grew by 5.4% year-on-year. Also, the demand is expected to increase in the coming years, driven by the increased agricultural production in Asia and Africa. With the widespread use of chemical fertilizers and pesticides, soil conditions across the world have substantially deteriorated. As there is a high demand for agricultural technologies that sustain soil quality and reduce carbon pollution, the market for organic fertilizers is expanding significantly. This forces chemical producers to switch to sustainable and green products such as green ammonia. Thus, green ammonia sales will increase due to the rising demand for eco-friendly fertilizers that improve soil health and reduce contamination. With the increasing demand for fertilizers, ammonia consumption to manufacture fertilizers is likely to increase substantially in the coming years.

Restraints: High initial cost to set up green ammonia plant

The capital-intensive nature of green ammonia plants is the main barrier preventing the market for green ammonia from expanding. The typical lifespan of a modern ammonia plant is 15 to 20 years. For each tonne of ammonia produced, a greenfield project's CAPEX costs typically range from USD 1,300 to 2,000. Green ammonia, however, is 1.5 times more expensive than ammonia facilities powered by natural gas. Unless the cost of renewable energy generation and electrolyzers decreases further, it is not feasible for general ammonia producers to switch from traditional ammonia production to green ammonia production, hampering the market's growth.

Opportunities: Growing demand for biofuels

Global biofuel demand has been increasing gradually due to the rising focus of countries on achieving net zero-emission targets. According to Statistical Review of World Energy 2022, the total biofuel consumption in 2021 was 1,837 thousand barrels of oil equivalent per day worldwide. Biofuels reduce greenhouse emissions by up to 65%. The demand for suitable biofuel crops is rising due to the increasing biofuel production, supporting the agricultural industry. Biofuels are less expensive for buildings, companies, and automobiles.

Several countries worldwide are trying to move away from dependence on oil imports. According to the Renewable Energy Directive (RED), the European Union had set a goal of covering at least 20% of its total energy demand from renewable sources by 2020. Similarly, the US Renewable Fuels Standards Program was created to reduce greenhouse gas emissions and expand the US renewable fuel sector. Biofuels are the most efficient alternative to fossil fuels because they can be produced locally.

Challenges: Increasing focus on building a hydrogen-based economy

Applications of hydrogen in energy production are growing. It can be used as a domestic fuel and even to drive automobiles and buses. To improve the use of hydrogen, governments and academic institutions across the world are currently funding applied research, development, and innovation. These investments will facilitate the growth of a robust hydrogen-based economy, as well as energy security and resilience. Several government funding programs support hydrogen-related projects. Listed below are some such projects: The UK government, in March 2017, launched the Hydrogen for Transport Programme (HTP) to support the development of hydrogen for transport until 2020. The Hydrogen for Transport Programme (HTP) is intended to provide up to USD 29.63 million (GBP 23 million) to increase the uptake of hydrogen fuel cell vehicles and develop the UK hydrogen refueling infrastructure.

Green Ammonia Market Trends

Green Ammonia Market

By technology, alkaline water electrolysis segment to witness largest market share during forecast period

The alkaline water electrolysis segment is expected to witness the largest market share from 2023 to 2030, as it witnesses higher demand for green hydrogen as a transportation fuel in the Asia Pacific, which drives the growth of the alkaline water electrolysis segment during the forecasted period.

By application, power generation segment to witness fastest CAGR during forecast period

By application, transportation segment will be the second fastest growing segment during the forecast period. The segment's growth is attributed to increasing focus towards using green fuel and achieving net zero CO2 emissions.

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

Europe is expected to be the largest market share in the green ammonia market during the forecast period. The growth of the Europe market is characterized by the increase in the production of green electricity for small-scale applications in rural areas and green fuel due to higher demand for fuel cell vehicles.

Green Ammonia Market Size, and Share

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Key Market Players

The major players in the global green ammonia market are Siemens Energy (Germany), NEL ASA (Norway), thyssenKrupp AG (Germany), ITM Power (UK), YARA International (Norway), BASF SE (Germany).

Green Ammonia Market Report Scope

Report Attributes

Details

Market size:

USD 0.3 billion in 2023 to USD 17.9 billion by 2030

Growth Rate:

72.9%

Largest Market:

Europe

Market Dynamics:

Drivers, Restraints, Opportunities & Challenges

Forecast Period:

2023-2030

Forecast Units:

Value (USD Billion)

Report Coverage:

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered: 

Green Ammonia Market by technology, application and Region

Geographies Covered:

Europe, North America, Asia Pacific, Latin America, and Middle East and Africa

Report Highlights:

 

Updated financial information / product portfolio of players

Key Market Opportunities:

Increasing focus on building hydrogen-based economy

Key Market Drivers:

Need to store renewable energy for longer term

This research report categorizes the market by technology, application and region.

On the basis of by gasifier technology, the green ammonia market has been segmented as follows:
  • Alkaline Water Electrolysis
  • Proton Exchange Membrane Electrolysis
  • Solid Oxide Electrolysis
On the basis of by application, the market has been segmented as follows:
  • Power Generation
  • Transportation
  • Industrial Feedstocks
On the basis of region, the market has been segmented as follows:
  • Europe
  • Asia Pacific
  • North America
  • Rest of the World

Recent Developments

  • In November 2022, Siemens Energy partnered with Fortescue Future Industries, a green hydrogen manufacturing company and GeoPura, which provides renewable energy & EV charging, & emission-free electricity, to develop an ammonia cracker prototype designed to produce green hydrogen at an industrial scale and help tackle climate change and reduce carbon emissions. The prototype would use ammonia to deliver 200 kg of hydrogen a day—enough to power around 5–10 hydrogen fuel cell electric buses.
  • In September 2022, Uniper SE and Vesta signed a Memorandum of Understanding to expand an existing storage facility to build the first green ammonia hub named Greenpoint Valley in Northwest Europe. Uniper SE seeks to establish a presence in developing green ammonia and hydrogen sectors in Northwest Europe. The development of green ammonia and hydrogen markets will help boost European supply security.
  • In August 2022, Uniper SE signed a Memorandum of Understanding with EverWind Fuels to purchase green ammonia from EverWind’s initial production facility in Nova Scotia. EverWind and Uniper intend to negotiate a binding offtake agreement for 500,000 tonnes of green ammonia per annum.
  • In January 2022, ITM Power contracted with YARA International, an EPC company. ITM Power provided a 24 MW electrolyzer to YARA International, which was agreed to be installed at a site operated by Yara Norge AS.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 32)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE 
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 LIMITATIONS 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
    1.8 IMPACT OF RECESSION ON DIFFERENT GEOGRAPHIES 
 
2 RESEARCH METHODOLOGY (Page No. - 38)
    2.1 RESEARCH DATA 
           FIGURE 1 GREEN AMMONIA MARKET: RESEARCH DESIGN
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 
           2.2.1 SECONDARY DATA
                    2.2.1.1 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 Key data from primary sources
                    2.2.2.2 Breakdown of primary interviews
                               FIGURE 2 BREAKDOWN OF PRIMARIES
    2.3 MARKET SIZE ESTIMATION 
           2.3.1 BOTTOM-UP APPROACH
                    FIGURE 3 GREEN AMMONIA MARKET: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 4 MARKET: TOP-DOWN APPROACH
           2.3.3 DEMAND-SIDE METRICS
                    FIGURE 5 METRICS CONSIDERED TO ANALYZE DEMAND FOR GREEN AMMONIA
                    2.3.3.1 Assumptions for demand-side analysis
                    2.3.3.2 Calculations for demand-side analysis
           2.3.4 SUPPLY-SIDE ANALYSIS
                    2.3.4.1 Assumptions and calculations
                               FIGURE 6 GREEN AMMONIA INDUSTRY PLAYER CONCENTRATION, 2021
    2.4 FORECAST 
    2.5 IMPACT OF RECESSION 
 
3 EXECUTIVE SUMMARY (Page No. - 48)
    TABLE 1 GREEN AMMONIA MARKET SNAPSHOT 
    FIGURE 7 EUROPE HELD LARGEST SHARE OF MARKET IN 2022 
    FIGURE 8 ALKALINE WATER ELECTROLYSIS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF GREEN AMMONIA MARKET, BY TECHNOLOGY, THROUGHOUT FORECAST PERIOD 
    FIGURE 9 INDUSTRIAL FEEDSTOCK SEGMENT TO CAPTURE LARGEST SHARE OF MARKET IN 2030 
 
4 PREMIUM INSIGHTS (Page No. - 52)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN GREEN AMMONIA MARKET 
           FIGURE 10 HIGH DEMAND FOR LONG-TERM POWER STORAGE SOLUTIONS TO FUEL GREEN AMMONIA MARKET GROWTH
    4.2 GREEN AMMONIA MARKET, BY REGION 
           FIGURE 11 MARKET IN REST OF THE WORLD TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
    4.3 MARKET IN EUROPE, BY END-USE APPLICATION AND COUNTRY, 2022 
           FIGURE 12 INDUSTRIAL FEEDSTOCK AND GERMANY DOMINATED EUROPEAN MARKET IN 2022
    4.4 MARKET, BY TECHNOLOGY 
           FIGURE 13 SOLID OXIDE ELECTROLYSIS TECHNOLOGY TO RECORD HIGHEST CAGR IN GREEN AMMONIA MARKET FROM 2023 TO 2030
    4.5 MARKET, BY END-USE APPLICATION 
           FIGURE 14 INDUSTRIAL FEEDSTOCK SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET IN 2030
 
5 MARKET OVERVIEW (Page No. - 55)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 15 GREEN AMMONIA MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Need to store renewable energy for longer term
                               FIGURE 16 GLOBAL RENEWABLE ENERGY CAPACITY TREND, BY SOURCE, 2021
                               FIGURE 17 COUNTRY-LEVEL ANALYSIS OF RENEWABLE ENERGY GENERATION, BY SOURCE, 2021
                    5.2.1.2 Enforcement of regulatory policies and provision of incentives to reduce GHG emissions
                               FIGURE 18 GREENHOUSE GAS EMISSIONS WITNESSED BY TOP 8 GEOGRAPHIES, 2021
                    5.2.1.3 Increased need for eco-friendly fertilizers with rising agricultural production
           5.2.2 RESTRAINTS
                    5.2.2.1 High initial cost to set up green ammonia plant
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Potential of ammonia as maritime fuel
                    5.2.3.2 Increasing focus on building hydrogen-based economy
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of information about green ammonia among chemical manufacturers
                    5.2.4.2 Low level of technology readiness for using ammonia as zero-carbon fertilizer, fuel, and energy storage
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PROVIDERS OF GREEN AMMONIA
                    FIGURE 19 REVENUE SHIFT FOR GREEN AMMONIA PROVIDERS
    5.4 VALUE/SUPPLY CHAIN ANALYSIS 
           FIGURE 20 MARKET: SUPPLY CHAIN ANALYSIS
           5.4.1 TECHNOLOGY PROVIDERS
           5.4.2 ANCILLARY EQUIPMENT MANUFACTURERS
           5.4.3 CHEMICAL PROVIDERS
           5.4.4 AMMONIA PLANT EPC COMPANIES
           5.4.5 END USERS
                    TABLE 2 KEY COMPANIES AND THEIR ROLE IN GREEN AMMONIA ECOSYSTEM
    5.5 MARKET MAP 
           FIGURE 21 GREEN AMMONIA MARKET MAPPING
    5.6 TECHNOLOGY ANALYSIS 
           5.6.1 RECENT ADVANCEMENTS IN GREEN AMMONIA PRODUCTION PROCESS
    5.7 PATENT ANALYSIS 
           5.7.1 MAJOR PATENTS
                    TABLE 3 GREEN AMMONIA: INNOVATIONS AND PATENT REGISTRATIONS, JUNE 2016–NOVEMBER 2022
    5.8 TARIFF AND REGULATORY FRAMEWORK 
           5.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 4 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 5 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 6 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.8.2 REGULATORY FRAMEWORK
                    TABLE 7 REGULATORY FRAMEWORK: MARKET, BY REGION
    5.9 KEY CONFERENCES AND EVENTS, 2023 
           TABLE 8 KEY CONFERENCES AND EVENTS
    5.10 TRADE ANALYSIS 
           5.10.1 HS CODE 2814
                    5.10.1.1 Export scenario
                               TABLE 9 EXPORT SCENARIO FOR HS CODE 2814, BY COUNTRY, 2019–2021 (USD)
                               FIGURE 22 EXPORT DATA FOR HS CODE 2814 FOR TOP 5 COUNTRIES, 2019–2021 (USD)
                    5.10.1.2 Import scenario
                               TABLE 10 IMPORT SCENARIO FOR HS CODE 2814, BY COUNTRY, 2019–2021 (USD)
                               FIGURE 23 IMPORT DATA FOR HS CODE 2814 FOR TOP 5 COUNTRIES, 2019–2021 (USD)
           5.10.2 HS CODE 280410
                    5.10.2.1 Export scenario
                               TABLE 11 EXPORT SCENARIO FOR HS CODE 280410, BY COUNTRY, 2019–2021 (USD)
                               FIGURE 24 EXPORT DATA FOR HS CODE 280410 FOR TOP 5 COUNTRIES, 2019–2021 (USD)
                    5.10.2.2 Import scenario
                               TABLE 12 IMPORT SCENARIO FOR HS CODE 280410, BY COUNTRY, 2019–2021 (USD)
                               FIGURE 25 IMPORT DATA FOR HS CODE 280410 FOR TOP 5 COUNTRIES, 2019–2021 (USD)
           5.10.3 HS CODE 280430
                    5.10.3.1 Export scenario
                               TABLE 13 EXPORT SCENARIO FOR HS CODE 280430, BY COUNTRY, 2019–2021 (USD)
                               FIGURE 26 EXPORT DATA FOR HS CODE 280430 FOR TOP 5 COUNTRIES, 2019–2021 (USD)
                    5.10.3.2 Import scenario
                               TABLE 14 IMPORT SCENARIO FOR HS CODE 280430, BY COUNTRY, 2019–2021 (USD)
                               FIGURE 27 IMPORT DATA FOR HS CODE 280430 TOP 5 COUNTRIES, 2019–2021 (USD)
    5.11 PRICING ANALYSIS 
           5.11.1 AVERAGE LEVELIZED COST, BY REGION
                    TABLE 15 GREEN AMMONIA AVERAGE LEVELIZED COST FOR GRID PPA, BY REGION
                    TABLE 16 GREEN AMMONIA AVERAGE LEVELIZED COST FOR DEDICATED VARIABLE RENEWABLE ENERGY GRID PPA, BY REGION
    5.12 CASE STUDY ANALYSIS 
           5.12.1 DOWNSCALING HABER-BOSCH
                    5.12.1.1 Problem statement
                    5.12.1.2 Solution
           5.12.2 STORING AND TRANSPORTING RENEWABLE ENERGY
                    5.12.2.1 Problem statement
                    5.12.2.2 Solution
    5.13 PORTER'S FIVE FORCES ANALYSIS 
                    FIGURE 28 PORTER'S FIVE FORCES ANALYSIS FOR MARKET
                    TABLE 17 GREEN AMMONIA MARKET: PORTER'S FIVE FORCES ANALYSIS
           5.13.1 THREAT OF SUBSTITUTES
           5.13.2 BARGAINING POWER OF SUPPLIERS
           5.13.3 BARGAINING POWER OF BUYERS
           5.13.4 THREAT OF NEW ENTRANTS
           5.13.5 INTENSITY OF COMPETITIVE RIVALRY
    5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 29 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE APPLICATIONS
                    TABLE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE APPLICATIONS (%)
           5.14.2 BUYING CRITERIA
                    FIGURE 30 KEY BUYING CRITERIA FOR TOP 3 END-USE APPLICATIONS
                    TABLE 19 KEY BUYING CRITERIA FOR TOP 3 END-USE APPLICATIONS
 
6 KEY ELEMENTS IN GREEN AMMONIA PRODUCTION (Page No. - 82)
    6.1 NECESSARY ELEMENTS TO PRODUCE GREEN AMMONIA 
           FIGURE 31 GREEN AMMONIA PRODUCTION PROCESS AND ELEMENTS
           6.1.1 POWER SOURCE
                    TABLE 20 RENEWABLE POWER PROVIDERS
           6.1.2 ELECTROLYZERS
                    TABLE 21 ELECTROLYZER PROVIDERS
           6.1.3 HABER-BOSCH REACTORS
                    TABLE 22 HABER-BOSCH REACTOR PROVIDERS
           6.1.4 AIR SEPARATION UNITS
                    TABLE 23 AIR SEPARATION UNIT PROVIDERS
           6.1.5 AMMONIA STORAGE UNITS
                    TABLE 24 AMMONIA STORAGE UNIT PROVIDERS
 
7 GREEN AMMONIA MARKET, BY TECHNOLOGY (Page No. - 86)
    7.1 INTRODUCTION 
           FIGURE 32 MARKET: BY TECHNOLOGY, 2022
           TABLE 25 MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)
           TABLE 26 MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION)
    7.2 ALKALINE WATER ELECTROLYSIS 
           7.2.1 RELATIVELY MATURE AND COST-EFFECTIVE TECHNOLOGY
                    TABLE 27 ALKALINE WATER ELECTROLYSIS: GREEN AMMONIA MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 28 ALKALINE WATER ELECTROLYSIS: MARKET, BY REGION, 2023–2030 (USD MILLION)
    7.3 PROTON EXCHANGE MEMBRANE (PEM) ELECTROLYSIS 
           7.3.1 HIGHLY FLEXIBLE TECHNOLOGY HAVING GOOD COUPLING WITH DYNAMIC AND INTERMITTENT RENEWABLE ENERGY SYSTEMS
                    TABLE 29 PROTON EXCHANGE MEMBRANE ELECTROLYSIS: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 30 PROTON EXCHANGE MEMBRANE ELECTROLYSIS: MARKET, BY REGION, 2023–2030 (USD MILLION)
    7.4 SOLID OXIDE ELECTROLYSIS (SOE) 
           7.4.1 EFFICIENT TECHNOLOGY THAT REDUCES NEED FOR ELECTRICITY WHILE PRODUCING HYDROGEN
                    TABLE 31 SOLID OXIDE ELECTROLYSIS: GREEN AMMONIA MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 32 SOLID OXIDE ELECTROLYSIS: MARKET, BY REGION, 2023–2030 (USD MILLION)
 
8 GREEN AMMONIA MARKET, BY END-USE APPLICATION (Page No. - 92)
    8.1 INTRODUCTION 
           FIGURE 33 MARKET: BY END-USE APPLICATION, 2022
           TABLE 33 MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION)
           TABLE 34 MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION)
    8.2 POWER GENERATION 
           8.2.1 CONTINUES TO BE MOST DOMINANT SEGMENT IN MARKET
                    TABLE 35 POWER GENERATION: GREEN AMMONIA MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 36 POWER GENERATION: MARKET, BY REGION, 2023–2030 (USD MILLION)
    8.3 TRANSPORTATION 
           8.3.1 INCREASING INVESTMENTS IN FUEL CELL PROJECTS TO DRIVE MARKET
                    TABLE 37 TRANSPORTATION: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 38 TRANSPORTATION: MARKET, BY REGION, 2023–2030 (USD MILLION)
    8.4 INDUSTRIAL FEEDSTOCK 
           8.4.1 VAST PRODUCTION OF AMMONIA FOR AGRICULTURAL FERTILIZERS TO BOOST MARKET
                    TABLE 39 INDUSTRIAL FEEDSTOCKS: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 40 INDUSTRIAL FEEDSTOCKS: MARKET, BY REGION, 2023–2030 (USD MILLION)
 
9 GREEN AMMONIA MARKET, BY REGION (Page No. - 97)
    9.1 INTRODUCTION 
           FIGURE 34 ASIA PACIFIC ACCOUNTED FOR SECOND-LARGEST SHARE OF MARKET IN 2022
           TABLE 41 GREEN AMMONIA MARKET, BY REGION, 2018–2022 (USD MILLION)
           TABLE 42 MARKET, BY REGION, 2023–2030 (USD MILLION)
           TABLE 43 MARKET, BY REGION, 2018–2022 (MILLION TONS)
           TABLE 44 MARKET, BY REGION, 2023–2030 (MILLION TONS)
    9.2 EUROPE 
           FIGURE 35 EUROPE: SNAPSHOT OF MARKET
           9.2.1 RECESSION IMPACT: EUROPE
           9.2.2 MACRO FACTORS
                    9.2.2.1 Ammonia production
                               TABLE 45 EUROPE: AMMONIA PRODUCTION, BY COUNTRY, 2015–2021 (MILLION STANDARD CUBIC FEET PER DAY)
                    9.2.2.2 Hydrogen generation
                               TABLE 46 EUROPE: HYDROGEN GENERATION, BY COUNTRY, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                    9.2.2.3 Installed renewable capacity
                               TABLE 47 EUROPE: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 2015–2021 (MW)
                    9.2.2.4 Greenhouse gas emissions
                               TABLE 48 EUROPE: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 2015–2021 (MILLION TONS OF CO2)
           9.2.3 BY TECHNOLOGY
                    TABLE 49 EUROPE: GREEN AMMONIA MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)
                    TABLE 50 EUROPE: MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION)
           9.2.4 BY END-USE APPLICATION
                    TABLE 51 EUROPE: MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION)
                    TABLE 52 EUROPE: MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION)
           9.2.5 BY COUNTRY
                    TABLE 53 EUROPE: GREEN AMMONIA MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 54 EUROPE: MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
                    9.2.5.1 Germany
                               9.2.5.1.1 Ongoing green ammonia projects to stimulate market growth
                               9.2.5.1.2 Macro factors
                               TABLE 55 GERMANY: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS)
                               TABLE 56 GERMANY: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                               TABLE 57 GERMANY: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
                               TABLE 58 GERMANY: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)
                               9.2.5.1.3 By end-use application
                               TABLE 59 GERMANY: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 60 GERMANY: MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION)
                    9.2.5.2 UK
                               9.2.5.2.1 Role of green ammonia in country’s aim to achieve net-zero emission goal to boost its production
                               9.2.5.2.2 Macro factors
                               TABLE 61 UK: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS)
                               TABLE 62 UK: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                               TABLE 63 UK: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                               TABLE 64 UK: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
                               9.2.5.2.3 By end-use application
                               TABLE 65 UK: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 66 UK: MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION)
                    9.2.5.3 Netherlands
                               9.2.5.3.1 Favorable government policies and initiatives to produce green hydrogen to drive market
                               9.2.5.3.2 Macro factors
                               TABLE 67 NETHERLANDS: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS)
                               TABLE 68 NETHERLANDS: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                               TABLE 69 NETHERLANDS: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                               TABLE 70 NETHERLANDS: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
                               9.2.5.3.3 By end-use application
                               TABLE 71 NETHERLANDS: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 72 NETHERLANDS: MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION)
                    9.2.5.4 Denmark
                               9.2.5.4.1 Investments in green fuel and large-scale green energy projects to fuel market growth
                               9.2.5.4.2 Macro factors
                               TABLE 73 DENMARK: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                               TABLE 74 DENMARK: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
                               9.2.5.4.3 By end-use application
                               TABLE 75 DENMARK: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 76 DENMARK: MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION)
                    9.2.5.5 Norway
                               9.2.5.5.1 Increasing green ammonia consumption in mobility applications to boost demand
                               9.2.5.5.2 Macro factors
                               TABLE 77 NORWAY: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                               TABLE 78 NORWAY: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
                               9.2.5.5.3 By end-use application
                               TABLE 79 NORWAY: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 80 NORWAY: MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION)
    9.3 ASIA PACIFIC 
           FIGURE 36 ASIA PACIFIC: SNAPSHOT OF MARKET
           9.3.1 RECESSION IMPACT: ASIA PACIFIC
           9.3.2 MACRO FACTORS
                    9.3.2.1 Ammonia production
                               TABLE 81 ASIA PACIFIC: AMMONIA PRODUCTION, BY COUNTRY, 2015–2021 (THOUSAND TONS)
                    9.3.2.2 Hydrogen generation
                               TABLE 82 ASIA PACIFIC: HYDROGEN GENERATION, BY COUNTRY, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                    9.3.2.3 Installed renewable capacity
                               TABLE 83 ASIA PACIFIC: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 2015–2021 (MW)
                    9.3.2.4 Greenhouse gas emissions
                               TABLE 84 ASIA PACIFIC: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 2013–2017 (MILLION TONS OF CO2)
           9.3.3 BY TECHNOLOGY
                    TABLE 85 ASIA PACIFIC: GREEN AMMONIA MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)
                    TABLE 86 ASIA PACIFIC: MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION)
           9.3.4 BY END-USE APPLICATION
                    TABLE 87 ASIA PACIFIC: MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION)
                    TABLE 88 ASIA PACIFIC: MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION)
           9.3.5 BY COUNTRY
                    TABLE 89 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 90 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
                    9.3.5.1 Australia
                               9.3.5.1.1 Increasing focus on renewable energy production to drive market
                               9.3.5.1.2 Macro factors
                               TABLE 91 AUSTRALIA: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS)
                               TABLE 92 AUSTRALIA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                               TABLE 93 AUSTRALIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
                               TABLE 94 AUSTRALIA: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
                               9.3.5.1.3 By end-use application
                               TABLE 95 AUSTRALIA: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 96 AUSTRALIA: MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION)
                    9.3.5.2 Japan
                               9.3.5.2.1 Favorable policies promoting use of green ammonia to support market growth
                               9.3.5.2.2 Macro factors
                               TABLE 97 JAPAN: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TONS)
                               TABLE 98 JAPAN: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                               TABLE 99 JAPAN: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
                               TABLE 100 JAPAN: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
                               9.3.5.2.3 By end-use application
                               TABLE 101 JAPAN: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 102 JAPAN: MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION)
                    9.3.5.3 New Zealand
                               9.3.5.3.1 Production of green fertilizers to boost demand for green ammonia
                               9.3.5.3.2 Macro factors
                               TABLE 103 NEW ZEALAND: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TONS)
                               TABLE 104 NEW ZEALAND: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                               TABLE 105 NEW ZEALAND: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                               TABLE 106 NEW ZEALAND: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)
                               9.3.5.3.3 By end-use application
                               TABLE 107 NEW ZEALAND: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 108 NEW ZEALAND: MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION)
                    9.3.5.4 India
                               9.3.5.4.1 Growing green ammonia consumption in mobility sector to propel market
                               9.3.5.4.2 Macro factors
                               TABLE 109 INDIA: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS)
                               TABLE 110 INDIA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                               TABLE 111 INDIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                               TABLE 112 INDIA: GREENHOUSE GAS EMISSIONS, 2015–2017 (MILLION TONS OF CO2)
                               9.3.5.4.3 By end-use application
                               TABLE 113 INDIA: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2022–2030 (USD MILLION)
                    9.3.5.5 South Korea
                               9.3.5.5.1 Implementation of mandates to decarbonize energy sector
                               9.3.5.5.2 Macro factors
                               TABLE 114 SOUTH KOREA: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS)
                               TABLE 115 SOUTH KOREA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
                               TABLE 116 SOUTH KOREA: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
                               9.3.5.5.3 By end-use application
                               TABLE 117 SOUTH KOREA: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION)
                    9.3.5.6 Rest of Asia Pacific
                               9.3.5.6.1 Macro factors
                               TABLE 118 REST OF ASIA PACIFIC: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS)
                               TABLE 119 REST OF ASIA PACIFIC: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
                               TABLE 120 REST OF ASIA PACIFIC: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
                               9.3.5.6.2 By end-use application
                               TABLE 121 REST OF ASIA PACIFIC: MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 122 REST OF ASIA PACIFIC: MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION)
    9.4 NORTH AMERICA 
           9.4.1 RECESSION IMPACT: NORTH AMERICA
           9.4.2 MACRO FACTORS
                    9.4.2.1 Ammonia production
                               TABLE 123 NORTH AMERICA: AMMONIA PRODUCTION, BY COUNTRY, 2015–2021 (THOUSAND TONS)
                    9.4.2.2 Hydrogen generation
                               TABLE 124 NORTH AMERICA: HYDROGEN GENERATION, BY COUNTRY, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                    9.4.2.3 Installed renewable capacity
                               TABLE 125 NORTH AMERICA: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 2015–2021 (MW)
                    9.4.2.4 Greenhouse gas emissions
                               TABLE 126 NORTH AMERICA: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 2015–2021 (MILLION TONS OF CO2)
           9.4.3 BY TECHNOLOGY
                    TABLE 127 NORTH AMERICA: GREEN AMMONIA MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)
                    TABLE 128 NORTH AMERICA: MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION)
           9.4.4 BY END-USE APPLICATION
                    TABLE 129 NORTH AMERICA: MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION)
                    TABLE 130 NORTH AMERICA: MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION)
           9.4.5 BY COUNTRY
                    TABLE 131 NORTH AMERICA: GREEN AMMONIA MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 132 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
                    9.4.5.1 US
                               9.4.5.1.1 High demand for transportation fuels to fuel market growth
                               9.4.5.1.2 Macro factors
                               TABLE 133 US: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS)
                               TABLE 134 US: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                               TABLE 135 US: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
                               TABLE 136 US: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
                               9.4.5.1.3 By end-use application
                               TABLE 137 US: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 138 US: MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION)
                    9.4.5.2 Canada
                               9.4.5.2.1 Favorable policies promoting use of green ammonia to drive market
                               9.4.5.2.2 Macro factors
                               TABLE 139 CANADA: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS)
                               TABLE 140 CANADA: HYDROGEN GENERATION, 2015–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                               TABLE 141 CANADA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
                               TABLE 142 CANADA: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
                               9.4.5.2.3 By end-use application
                               TABLE 143 CANADA: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 144 CANADA: MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION)
                    9.4.5.3 Mexico
                               9.4.5.3.1 Increasing fertilizer market to boost demand for green ammonia
                               9.4.5.3.2 Macro factors
                               TABLE 145 MEXICO: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS)
                               TABLE 146 MEXICO: HYDROGEN GENERATION, 2015–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                               TABLE 147 MEXICO: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
                               TABLE 148 MEXICO: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
                               9.4.5.3.3 By end-use application
                               TABLE 149 MEXICO: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 150 MEXICO: MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION)
    9.5 REST OF THE WORLD 
           9.5.1 RECESSION IMPACT: ROW
           9.5.2 MACRO FACTORS
                    9.5.2.1 Ammonia production
                               TABLE 151 REST OF THE WORLD: AMMONIA PRODUCTION, BY COUNTRY, 2015–2021 (THOUSAND TONS)
                    9.5.2.2 Hydrogen generation
                               TABLE 152 REST OF THE WORLD: HYDROGEN GENERATION, BY COUNTRY, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                    9.5.2.3 Installed renewable capacity
                               TABLE 153 REST OF THE WORLD: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 2015–2021 (MW)
                    9.5.2.4 Greenhouse gas emissions
                               TABLE 154 REST OF THE WORLD: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 2015–2021 (MILLION TONS OF CO2)
           9.5.3 BY TECHNOLOGY
                    TABLE 155 REST OF THE WORLD: GREEN AMMONIA MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)
                    TABLE 156 REST OF THE WORLD: MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION)
           9.5.4 BY END-USE APPLICATION
                    TABLE 157 REST OF THE WORLD: MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION)
                    TABLE 158 REST OF THE WORLD: MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION)
           9.5.5 BY COUNTRY
                    9.5.5.1 China
                               9.5.5.1.1 Increased investments in green ammonia projects to drive market
                               9.5.5.1.2 Macro factors
                               TABLE 159 CHINA: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS)
                               TABLE 160 CHINA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                               TABLE 161 CHINA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                               TABLE 162 CHINA: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)
                    9.5.5.2 Russia
                               9.5.5.2.1 Focus on exporting fertilizers in international markets to boost demand for green ammonia
                               9.5.5.2.2 Macro factors
                               TABLE 163 RUSSIA: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS)
                               TABLE 164 RUSSIA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
                               TABLE 165 RUSSIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                               TABLE 166 RUSSIA: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
                    9.5.5.3 Chile
                               9.5.5.3.1 Constant developments in energy sector to accelerate market growth
                               9.5.5.3.2 Macro factors
                               TABLE 167 CHILE: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                               TABLE 168 CHILE: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
                    9.5.5.4 Morocco
                               9.5.5.4.1 Efforts to increase share of renewable energy sources in power generation mix to propel market
                               9.5.5.4.2 Macro factors
                               TABLE 169 MOROCCO: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
                               TABLE 170 MOROCCO: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
                    9.5.5.5 Saudi Arabia
                               9.5.5.5.1 Significant use of green hydrogen in mobility applications to support market growth
                               9.5.5.5.2 Macro factors
                               TABLE 171 SAUDI ARABIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
                               TABLE 172 SAUDI ARABIA: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
                    9.5.5.6 UAE
                               9.5.5.6.1 Increasing use of hydrogen for electricity generation to stimulate market growth
                               9.5.5.6.2 Macro factors
                               TABLE 173 UAE: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
                               TABLE 174 UAE: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
                    9.5.5.7 Brazil
                               9.5.5.7.1 Rising production of green hydrogen to drive market
                               9.5.5.7.2 Macro factors
                               TABLE 175 BRAZIL: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
                               TABLE 176 BRAZIL: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
                    9.5.5.8 Egypt
                               9.5.5.8.1 Rising focus of government on increasing installed renewable energy capacity to fuel market
                               9.5.5.8.2 Macro factors
                               TABLE 177 EGYPT: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
                               TABLE 178 EGYPT: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
                    9.5.5.9 Oman
                               9.5.5.9.1 Increasing use of green hydrogen in transportation sector to stimulate market growth
                               9.5.5.9.2 Macro factors
                               TABLE 179 OMAN: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
                               TABLE 180 OMAN: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
                    9.5.5.10 Spain
                               9.5.5.10.1 Full-scale projects focused on producing solar power to create need for green ammonia
                               9.5.5.10.2 Macro factors
                               TABLE 181 SPAIN: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
                               TABLE 182 SPAIN: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
 
10 COMPETITIVE LANDSCAPE (Page No. - 149)
     10.1 OVERVIEW 
               TABLE 183 KEY DEVELOPMENTS IN MARKET, 2018–2022
     10.2 INDUSTRY CONCENTRATION 
               FIGURE 37 ACTIVE PLAYERS IN MARKET, 2021
     10.3 MARKET EVALUATION FRAMEWORK 
               TABLE 184 MARKET EVALUATION FRAMEWORK, 2018–2022
     10.4 ANALYSIS OF SEGMENTAL REVENUE OF TOP MARKET PLAYERS 
               FIGURE 38 SEGMENTAL REVENUE ANALYSIS OF KEY COMPANIES OFFERING GREEN AMMONIA, 2017–2021
     10.5 RECENT DEVELOPMENTS 
             10.5.1 DEALS
                       TABLE 185 GREEN AMMONIA: DEALS, 2018–2022
             10.5.2 OTHERS
                       TABLE 186 MARKET: OTHERS, 2018–2022
     10.6 COMPANY EVALUATION QUADRANT, 2021 
             10.6.1 STARS
             10.6.2 EMERGING LEADERS
             10.6.3 PERVASIVE PLAYERS
             10.6.4 PARTICIPANTS
                       FIGURE 39 MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021
                       TABLE 187 COMPANY TECHNOLOGY FOOTPRINT
                       TABLE 188 COMPANY END-USE APPLICATION FOOTPRINT
                       TABLE 189 COMPANY REGION FOOTPRINT
     10.7 START-UPS/SMES EVALUATION QUADRANT, 2021 
             10.7.1 PROGRESSIVE COMPANIES
             10.7.2 RESPONSIVE COMPANIES
             10.7.3 DYNAMIC COMPANIES
             10.7.4 STARTING BLOCKS
                       FIGURE 40 MARKET: START-UPS/SMES EVALUATION QUADRANT, 2021
     10.8 COMPETITIVE BENCHMARKING 
               TABLE 190 GREEN AMMONIA MARKET: KEY START-UPS/SMES
               TABLE 191 COMPANY TECHNOLOGY FOOTPRINT: START-UPS
               TABLE 192 COMPANY END-USE APPLICATION FOOTPRINT: START-UPS
               TABLE 193 COMPANY REGION FOOTPRINT: START-UPS
 
11 COMPANY PROFILES (Page No. - 164)
     11.1 TECHNOLOGY PROVIDERS 
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
             11.1.1 SIEMENS ENERGY
                       TABLE 194 SIEMENS ENERGY: BUSINESS OVERVIEW
                       FIGURE 41 SIEMENS ENERGY: COMPANY SNAPSHOT
                       TABLE 195 SIEMENS ENERGY: DEALS
             11.1.2 THYSSENKRUPP AG
                       TABLE 196 THYSSENKRUPP AG: BUSINESS OVERVIEW
                       FIGURE 42 THYSSENKRUPP AG: COMPANY SNAPSHOT
                       TABLE 197 THYSSENKRUPP AG: PRODUCT LAUNCHES
                       TABLE 198 THYSSENKRUPP AG: DEALS
             11.1.3 MAN ENERGY SOLUTIONS
                       TABLE 199 MAN ENERGY SOLUTIONS: BUSINESS OVERVIEW
                       TABLE 200 MAN ENERGY SOLUTIONS: PRODUCT LAUNCHES
                       TABLE 201 MAN ENERGY SOLUTIONS: DEALS
             11.1.4 NEL ASA
                       TABLE 202 NEL ASA: BUSINESS OVERVIEW
                       TABLE 203 NEL ASA: DEALS
             11.1.5 ITM POWER
                       TABLE 204 ITM POWER: BUSINESS OVERVIEW
                       FIGURE 44 ITM POWER: COMPANY SNAPSHOT
                       TABLE 205 ITM POWER: DEALS
             11.1.6 MCPHY ENERGY S.A.
                       TABLE 206 MCPHY ENERGY S.A.: BUSINESS OVERVIEW
                       FIGURE 45 MCPHY ENERGY S.A.: COMPANY SNAPSHOT
                       TABLE 207 MCPHY ENERGY S.A.: DEALS
             11.1.7 ENAPTER S.R.L.
                       TABLE 208 ENAPTER S.R.L.: BUSINESS OVERVIEW
                       TABLE 209 ENAPTER S.R.L.: PRODUCT DEVELOPMENT
             11.1.8 GREEN HYDROGEN SYSTEMS
                       TABLE 210 GREEN HYDROGEN SYSTEMS: BUSINESS OVERVIEW
                       FIGURE 46 GREEN HYDROGEN SYSTEMS: COMPANY SNAPSHOT
             11.1.9 FUELPOSITIVE CORPORATION
                       TABLE 211 FUELPOSITIVE CORPORATION: BUSINESS OVERVIEW
             11.1.10 STAMICARBON
                       TABLE 212 STAMICARBON: BUSINESS OVERVIEW
     11.2 OTHER TECHNOLOGY PROVIDERS 
             11.2.1 HYDROGENICS
             11.2.2 HYGENCO
             11.2.3 ELECTROCHAEA
             11.2.4 STARFIRE ENERGY
             11.2.5 EXYTRON
             11.2.6 AQUAHYDREX
     11.3 CHEMICAL PROVIDERS 
             11.3.1 YARA INTERNATIONAL
                       TABLE 213 YARA INTERNATIONAL: BUSINESS OVERVIEW
                       FIGURE 47 YARA INTERNATIONAL: COMPANY SNAPSHOT
                       TABLE 214 YARA INTERNATIONAL: PRODUCT LAUNCHES
                       TABLE 215 YARA INTERNATIONAL: DEALS
                       TABLE 216 YARA INTERNATIONAL: OTHERS
             11.3.2 BASF SE
                       TABLE 217 BASF SE: BUSINESS OVERVIEW
                       FIGURE 48 BASF SE: COMPANY SNAPSHOT
                       TABLE 218 BASF SE: DEALS
             11.3.3 ENGIE
                       TABLE 219 ENGIE: BUSINESS OVERVIEW
                       FIGURE 49 ENGIE: COMPANY SNAPSHOT
                       TABLE 220 ENGIE: DEALS
             11.3.4 UNIPER SE
                       TABLE 221 UNIPER SE: BUSINESS OVERVIEW
                       FIGURE 50 UNIPER SE: COMPANY SNAPSHOT
                       TABLE 222 UNIPER SE: DEALS
             11.3.5 QUEENSLAND NITRATES
     11.4 AMMONIA PLANT EPC COMPANIES 
             11.4.1 TOPSOE
                       TABLE 223 TOPSOE: BUSINESS OVERVIEW
                       FIGURE 51 TOPSOE: COMPANY SNAPSHOT
             11.4.2 NANJING KAPSOM ENGINEERING LIMITED
             11.4.3 HIRINGA ENERGY
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
 
12 APPENDIX (Page No. - 214)
     12.1 INSIGHTS FROM INDUSTRY EXPERTS 
     12.2 DISCUSSION GUIDE 
     12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     12.4 CUSTOMIZATION OPTIONS 
     12.5 RELATED REPORTS 
     12.6 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, the peer market, and the parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through rigorous primary research. Both top-down and bottom-up approaches were used to estimate the total market size. The market breakdown and data triangulation techniques were employed to estimate the market size of the segments and the corresponding subsegments.

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases such as industry publications, several newspaper articles, Statista Industry Journal, and UNESCO Institute of Statistics to identify and collect information useful for a technical, market-oriented, and commercial study of the utility communication 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

Primary sources included several industry experts from core and related industries, preferred suppliers, manufacturers, service providers, technology developers, and organizations related to all the segments of the nuclear industry. In-depth interviews were conducted with various primary respondents, including key industry participants, subject matter experts (SME), C-level executives of the key market players, and industry consultants, among other experts, to obtain and verify qualitative and quantitative information, as well as to assess the prospects of the market. 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 extensively used to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market shares 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.

Global Green ammonia Market Size: Bottom-Up Approach

Green Ammonia Market Size, and Share

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 entire market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the market.

Objectives of the Study

  • To forecast and describe the green ammonia market size, by source, gasifier technology, application, and region, in terms of value
  • To provide detailed information regarding the major drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To estimate the size of the market in terms of value
  • To strategically analyze micro markets with respect to individual growth trends, prospects, future expansions, and contributions to the overall market
  • To provide post-pandemic estimation for the market and analyze the impact of the pandemic on the overall market and value chain
  • To forecast the growth of the market with respect to four major regions, namely, North America, Europe, Asia Pacific, and Rest of the World
  • To analyze market opportunities for stakeholders and the competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their respective market shares and core competencies
  • To analyze competitive developments such as investments & expansions, contracts & agreements, and joint ventures & collaborations in the market

Available Customizations:

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Company Information

  • Product Matrix, which provides a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players 
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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