The latest report by IMARC Group, titled “Green Ammonia Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the green ammonia market share.
The global green ammonia market size reached US$ 154.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3994.6 Million by 2028, exhibiting a growth rate (CAGR) of 67.50% during 2023-2028. Green ammonia is a form of ammonia that is produced using renewable energy sources, such as wind, solar, and hydroelectric power instead of fossil fuels. It is considered an environmentally friendly alternative to conventional ammonia, which is produced using natural gas and other non-renewable energy sources. Green ammonia has a lower carbon footprint and can be used as a zero-emission fuel for transportation or as a green fertilizer in agriculture. It is also being explored as a way to store and transport renewable energy, as it can be easily converted back into electricity through a fuel cell or turbine. The production and use of green ammonia is seen as a key step toward reducing greenhouse gas (GHG) emissions and combating climate change.
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Green Ammonia Market Growth and Development:
The increasing global demand for clean and renewable energy sources represents a significant factor driving the market growth across the globe. This is resulting in an increase in the production and use of green ammonia as a sustainable fuel. In addition to this, the rising awareness and concerns about climate change are prompting governments and industries to adopt cleaner energy sources to reduce carbon emissions, which is further contributing to the growth of the market. Apart from this, the development of new and more efficient green ammonia production methods and technologies is attracting investments from key players, which is creating a positive outlook for the market.
Green Ammonia Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the green ammonia market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- ACME Group
- AMMPower Corp
- CF Industries Holdings Inc.
- FuelPositive Corporation
- ITM Power plc
- Siemens AG
- Starfire Energy
- ThyssenKrupp AG
- Topsoe
Key Market Segmentation:
The report has segmented the green ammonia market on the basis of technology, end-user and region.
Breakup by Technology:
- Proton Exchange Membrane
- Alkaline Water Electrolysis
- Solid Oxide Electrolysis
Breakup by End User:
- Power Generation
- Transportation
- Fertilizer
- Refrigeration
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)
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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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