Rise in public concern and government regulations related to carbon emissions and the protection of environmental health drive the global green ammonia market. By technology, the alkaline water electrolysis segment is expected to rule the roost during the forecast period.
A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.
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The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.
The alkaline water electrolysis segment contributed to the largest share of more than three-fifths of the global green ammonia market in 2021, and is expected to rule the roost during the forecast period. This is because this technology is reasonably developed and economical. The increasing demand for green hydrogen and inclination toward sustainable energy resources are leading to the increased use of the alkaline water electrolysis technology. However, the solid oxide electrolysis segment is projected to witness the fastest CAGR of 81.3% from 2022 to 2031.
The Green ammonia market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.
The power generation segment held the largest share of nearly two-fifths of the global green ammonia market in 2021, and is expected to maintain a prominent growth during the forecast period. The world’s population growth, followed by rapid urbanization in emerging countries, and an increase in the number of consumers led to a steady increase in electricity demand, thereby contributing to the growth of the global power generation market. Increase in demand for smart grids is expected to be another key feature for the development of the global power generation market in the coming years. However, the others segment is expected to exhibit the highest CAGR of 81.2% in 2031.
Green Ammonia Covered Market:- Siemens AG, NEL ASA, ThyssenKrupp AG, ITM Power plc, CF Industries Holdings, Inc., Ballard Power Systems, Inc., AmmPower Corp., FuelPositive Corporation, Haldor Topsoe A/S, Uniper SE, Hyport Duqm, Die Enapter AG and Other.
Analysis of COVID-19 impact
The outbreak of the pandemic has had a massive impact on the majority of industries and the Green ammonia market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Green ammonia market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.
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