Industry Background:
Green ammonia production refers to ammonia production that is 100 percent renewable and carbon-free. Using hydrogen from water electrolysis and nitrogen extracted from the air is one method of producing green ammonia. Ammonia (NH3), a nitrogen-oxygen molecule, is mostly utilized in fertilizer production. This is how 80 percent of the world's annual supply of approximately 170 million metric tons is consumed.This growth is primarily driven by The demand for Renewable Energy Instead of Natural Gas or Coal for Producing Hydrogen and Increasing Demand for Fuel Cell Boost the Need for Solid Oxide Electrolyzers.
Globally, a noticeable market trend is evident Advancement of Various Technologies to Produce Green Hydrogen from Surplus Electricity Generated from Renewable Sources. Major Manufacturers, such as Siemens (Germany), Thyssenkrupp (Germany), Nel Hydrogen (Norway), Man Energy Solutions (Germany), Green Hydrogen Systems (Denmark), McPhy Energy (France), Electrochaea (Germany), Hydrogenics (Canada), ITM Power (United Kingdom), Uniper (Germany), Yara International (Norway), BASF (Germany) and Queensland Nitrate, Pty Ltd. (Australia) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 20 Dec 2019, Nel Fuel AS, announce the joint venture with H2 Energy AS, Greenstat AS and, Akershus Energi Infrastruktur AS for the establishment of the Green H2 Norway. Green H2 Norway plans to build sustainable hydrogen production facilities in Norway in order to feed hydrogen to Hyundai trucks. The goal is to construct numerous renewable hydrogen production plants around Norway and provide real, zero-emission hydrogen to the market. The development of a hydrogen vehicle necessitates the creation of a completely new ecosystem that can be implemented in less than a year. Green H2 Norway aims to be Norway's exclusive renewable hydrogen source for Hyundai trucks.
On 16 April 2020, ITM Power, the energy storage and clean fuel company won the project by the UK government to provide a green hydrogen solution in Humberside. A Gigawatt (GW) of renewable hydrogen will be generated and distributed to a range of industrial energy users in Immingham, Humberside, as part of the Green Hydrogen for Humberside project. The initiative will work with regional consumers to determine the viability of converting to renewable hydrogen and justify a number of 100MW electrolyzer deployments. This involves powering the electrolyzer, building a hydrogen production plant, distributing hydrogen across the Humber, and converting current operations to utilize renewable hydrogen.
Market Drivers
- The demand for Renewable Energy Instead of Natural Gas or Coal for Producing Hydrogen
- Increasing Demand for Fuel Cell Boost the Need for Solid Oxide Electrolyzers
Market Trend
- Advancement of Various Technologies to Produce Green Hydrogen from Surplus Electricity Generated from Renewable Sources
Restraints
- Higher Operational Cost in Ammonia Production Associated with Natural Gas or Coal Will Constrain the Green Ammonia Market
Opportunities
Developing Growth Potential Due to Increasing Consumption of Green Ammonia As a Maritime Fuel Will Propel the Green Ammonia Market
Challenges
Low Awareness among the Chemical Procedure and Lack of Technical Knowledge will hamper the Green Ammonia Market
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Green Ammonia Study Sheds Light on
The Green Ammonia Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Green Ammonia industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Green Ammonia industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.