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Global Green Ammonia Market By Fiber Technology (Solid Oxide Electrolysis , Proton Exchange Membrane , Alkaline Water Electrolysis), By End-User (Transportation, Power Generation, Others), By Region–Forecast & Opportunities to 2026

Report Description

The global green ammonia market accounted for 13.5 million in 2019. It is estimated to grow at a CAGR of 46.8% during the forecast period.

COVID-19 has impacted green ammonia market. The fossil power generation has faced a lot of challenges for revenue generation, projects and installation. Even some of the renewable energy generation projects are on hold due to this pandemic situation. The renewable energy projects have direct effects on green ammonia market. All the green ammonia projects are in its demonstration or pilot phase and it is expected to start in coming 2-3 years and considering current scenario green ammonia market is expected to face decline in initial phase of forecast period. However, it will gain momentum after by latter phase of forecast period.

Definition:

If the process of making ammonia is 100% carbon-free and renewable then the ammonia produced is called green ammonia. It is produced by using solar or wind or hydropower to produce electricity which then feeds electrolyze with purpose of extraction of hydrogen from water whereas nitrogen is separated from air through air separation unit.

Market Dynamics (Drivers/Opportunities):

Ammonia is considered as second most produced chemical in the world. It acts as a building block for various endues industries such as plastics, fertilizers, explosives, fabrics, dyes and pesticides. The conventional process of ammonia production consumes fossil fuel such as coal or natural gas so the produced ammonia is responsible for less than 1% of the global greenhouse gas emission. The governments across the world are introducing initiatives to reduce green house emission. Thus, promotes green ammonia market. This is primary driving factor for green ammonia.

Green ammonia involves 5% of total global natural gas consumption. 72% of ammonia is produced from natural gas. This increases CO2 emissions. Green ammonia uses renewable energy rather than coal or natural gas is responsible for reducing green house gases. It is preferred by many regions across the world.

Market Insights, by Technology

On the basis of technology, the green ammonia market is segmented into solid oxide electrolysis (SOE), proton exchange membrane (PEM) and alkaline water electrolysis (AWE). The SOE segment is estimated to witness growth at highest CAGR during the forecast period. The demand for hydrogen systems is increasing as it cuts the carbon emissions. SEO is a process which produces green hydrogen from surplus electricity which is generated from renewable energy. Such green hydrogen can be further produced into ammonia synthesis plant in order to produced green ammonia using SEO technology. Thus, it is more preferred in green ammonia synthesis.

Market Insights, by End-user

On the basis of end-user the, green ammonia market is segmented into transportation, power generation and iduatrial feedstock. The power generation segment is estimated to register growth at highest CAGR during the forecast period. The green ammonia used in electricity generation is observed to be the cleaner version of gas. The carbon free ammonia is produced using surplus renewable energy generated by using electrolysis process. This is likely to drive growth in this segment.

Regional Insights

Europe is projected to account for largest market share during the forecast period. The hydrogen projects are increasing in European countries such as Netherlands and Germany. The government in this region is promoting green hydrogen. There are many initiatives and polices adopted by government to promote green ammonia in the region. All these factors are responsible for driving growth in green ammonia market in Europe region.

Key Companies & Market Share Insights

The key market players in green ammonia industry are Nel Hydrogen, MAN Energy Solutions, Siemens, Green Hydrogen Systems, McPhy Energy, Electrochaea, ITM Power, BASF, Queensland Nitrate, Haldor Topsoe, Hiringa Energy, Yara International, Thyssenkrupp, McPhy Energy and Electrochaea.

Segments Covered in the Report

This report forecasts The Global Green Ammonia Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global green ammonia market report on the basis of type, technology and end-user.

Green Ammonia Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  3. Executive Summary
    • Market Snapshot
  4. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Green Ammonia Market, By Technology, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Solid Oxide Electrolysis (SOE)
  • Proton Exchange Membrane (PEM)
  • Alkaline Water Electrolysis (AWE).
  1. Green Ammonia Market, By End User, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Transportation
  • Power Generation
  • Iduatrial Feedstock
  1. Green Ammonia Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Technology
    • By End-User
    • By Country
      • USA
        • By End-User
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Technology
      • By End-User
      • By Country
        • Brazil
          • By End-User
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Technology
        • By End-User
        • By Country
          • UK
            • By End-User
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Technology
          • By End-User
          • By Country
            • China
              • By End-User
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Technology
            • By Thickness
            • By End-User
            • By Country
              • Saudi Arabia
                • By End-User
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Electrochaea
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Nel Hydrogen
    • MAN Energy Solutions
    • Siemens
    • Green Hydrogen Systems
    • McPhy Energy
    • Electrochaea
    • ITM Power
    • BASF
    • Queensland Nitrate
    • Haldor Topsoe
    • Hiringa Energy
    • Yara International
    • Thyssenkrupp
    • McPhy Energy
  2. Appendix
    • Interrelated Market

 

 

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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