Product Code: ENV066A
Highlights:
The global market for green ammonia is projected to grow from $30.6 million in 2023 to $719.4 million by 2028, at a compound annual growth rate (CAGR) of 88.0% from 2023 through 2028.
European market revenue for green ammonia is projected to grow from $15.4 million in 2023 to $356.9 million by 2028, at a CAGR of 87.5% from 2023 through 2028.
Asia-Pacific market revenue for green ammonia is projected to grow from $5.2 million in 2023 to $137.0 million by 2028, at a CAGR of 92.4% from 2023 through 2028.
Report Scope:
The report discusses different technologies for producing green ammonia like solid oxide electrolysis, proton exchange membrane electrolysis, and alkaline water electrolysis. It offers a detailed analysis of different technologies and the prevalent trends and opportunities in the market. The market values are estimated based on multiple factors and analysis of manufacturers' revenues. Market dynamics within each industry are identified. Technological advancements and trends are reviewed, and other influences such as economic conditions and standards are discussed. Because this is a global study, BCC Research analyzes domestic and international technological issues and economic considerations.
The market segments of the report are focused on technical and commercial aspects of green ammonia for different end-user segments, such as power generation, transportation, fertilizer, refrigeration, and others. The report also discusses the regional policy and regulatory framework and ESG scenario for the green ammonia industry, to maintain environmental sustainability and to comply with government regulations.
The report also analyzes the regional markets for green ammonia. The segments are forecast for 2023 to 2028, with 2022 as a base year. The report offers a competitive scenario of the market, including a detailed analysis of key market players and a list of small and regional market players.
The currency used in this report is USD, with the market size indicated in USD millions. For companies reporting their revenue in USD, revenues are taken from their annual reports. For companies that reported their revenue in other currencies, i.e., euros and pounds, the average annual currency conversion rate has been used for the particular year to convert the value into USD. The conversion rate for each currency conversion is provided in the report.
Report Includes:
- 40 data tables and 38 additional tables
- An up-to-date overview and industry analysis of the global green ammonia market
- Analyses of the global and regional market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
- Highlights of the market potential and understanding the demand for green ammonia in various applications, and areas to forecast this market into various segments and sub-segments
- Estimation of the actual market size both in value and volumetric terms, and revenue forecast for global green ammonia market in USD millions, and corresponding market share analysis based on technology, application, and region
- In-depth information (facts and figures) concerning the major factors influencing the progress of this market (drivers, restraints, opportunities, and industry-specific challenges) with respect to specific growth trends, upcoming prospects, and contributions to the overall market
- Analysis of market opportunities with a holistic study of the Porter's five forces analysis and SWOT analysis considering both micro and macro environmental factors prevailing in the green ammonia industry
- Review of the impact of COVID-19 and Russia-Ukraine war on global market for green ammonia
- Understanding of the importance of ESG in the global market for green ammonia, consumer attitudes towards sustainability, risks and opportunity assessment, ratings and matrices, and ESG practices in the green ammonia industry
- Analysis of the competitive landscape featuring major stakeholder companies based on their recent developments, key financials and segmental revenues, and operational integration
- Profile descriptions of the leading market players, including BASF SE, ITM Power, NEL ASA, Siemens Energy AS, Topsoe A/S, ThyssenKrupp AG, Engie SA, McPhy, Nutrien Ltd., and Yara International ASA
Table of Contents
Chapter 1 Introduction
- Study Goals and Objectives
- Reasons for Doing This Study
- Scope of Report
- Research Methodology
- Geographic Breakdown
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
- Introduction
- Green Ammonia Supply Chain
- Market Potential
- Green Hydrogen Economy
Chapter 4 Market Dynamics
- Overview
- Market Drivers
- Market Challenges
- Market Opportunities
- Porter's Five Forces Analysis
- SWOT Analysis
- Climate Policies and Regulation
- Impact of COVID-19 on Global Market for Green Ammonia
- Impact on Energy Generation and Distribution Industry
- Impact on Renewable Energy Industry
- Impact of Russia-Ukraine War on the Green Ammonia Industry
Chapter 5 Market for Green Ammonia by Technology
- Overview
- Alkaline Water Electrolysis
- Proton Exchange Membrane Electrolysis
- Solid Oxide Electrolysis
Chapter 6 Market for Green Ammonia by Application
- Overview
- Transportation
- Power Generation
- Fertilizer
- Refrigeration
- Other Applications
Chapter 7 Market for Green Ammonia by Region
- Overview
- Europe
- North America
- Asia-Pacific
- South America
- Middle East and Africa (MEA)
Chapter 8 ESG Development
- Importance of ESG in the Green Ammonia Industry
- ESG Ratings and Metrics: Understanding the Data
- ESG Practices in the Green Ammonia Industry
- ESG Score Analysis
- Risk Scale, Exposure Scale, and Management Scale
- Risk Scale
- Exposure Scale
- Management Scale
- Future of ESG: Emerging Trends and Opportunities
- Concluding Remarks from BCC Research
Chapter 9 Emerging Technologies and Developments
Chapter 10 Patent Analysis
Chapter 11 Competitive Intelligence
- Overview
- Global Investments in the Green Ammonia Industry
Chapter 12 Company Profiles
- BASF SE
- ENGIE SA
- ITM POWER
- MCPHY
- NEL ASA
- NUTRIEN LTD.
- SIEMENS ENERGY AS
- TOPSOE A/S
- THYSSENKRUPP AG
- YARA INTERNATIONAL ASA
- Company Profiles of Electrolyzer Providers
- AKER HORIZONS
- AREVA H2GEN (ACQUIRED BY GTT)
- ASAHI KASEI
- BLOOM ENERGY
- CARBOTECH
- CHENGDU VERTEX INDUSTRY CO. LTD.
- CUMMINS INC.
- ELOGEN (ACQUIRED BY GTT)
- GINER ELX (ACQUIRED BY PLUG POWER)
- HYTRON
- IGAS ENERGY PLC
- INDUSTRIE DE NORA S.P.A.
- ITM LINDE ELECTROLYSIS GMBH
- KOBELCO
- PLUG POWER INC.
Chapter 13 Appendix: Acronyms