MarkNtel Advisors has recently published a research report titled, Global Green Ammonia Market Size, according to which the market is likely to witness a CAGR of around 54% during the forecast period, 2023-28
The Global Green Ammonia Market is poised for significant growth, propelled by the increasing need for the long-term storage of renewable energy. This surge is driven by the substantial potential of green ammonia to curb the deterioration of the climate and environment caused by renewable energy generation, surpassing traditional fossil-based power generation methods. The escalating demand for green hydrogen is directly influencing the need for green ammonia.
Similarly, the market is expected to receive a boost from heightened consumer awareness and a growing preference for sustainable products. This trend is underpinned by the growing imperative to adopt eco-friendly solutions such as green ammonia. Additionally, stringent regulations addressing carbon footprints and substantial investments in green ammonia production plants are anticipated to further accelerate the pace of market growth in the future.
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The dominant share in the Global Green Ammonia Market during the forecast period is expected to be secured by Alkaline Water Electrolysis (AWE) technology. This growth can be attributed to robust government involvement, manifested through substantial funding and diverse research and development initiatives focused on fuel cells, thereby fostering the demand for green ammonia. The adoption of Alkaline Water Electrolysis technology is projected to witness growth in the upcoming years due to its cost-effectiveness, with lower capital expenditure incurred in the system compared to platinum metal group-based catalysts. Additionally, the reduced dissolution of the anodic catalyst and exchangeable electrolyte contributes to prolonged system longevity, further driving its utilization and propelling market growth through 2028.
The report identifies the major players within the market and comprehensively analyses their business approach, patterns, advancements, and factory setup to predict their market presence for the next five years. The data provided after meticulous research has the potential to make even new entrants stand out in the long run. With the right set of data and actionable insights, our research report provides a holistic overview of the market, facilitating investors or stakeholders to put a strong foothold in the Green Ammonia market. The major players profiled in the research report, along with their net worth and valuation in USD, are, Siemens AG, ThyssenKrupp AG, Nel ASA, GreenHydrogen ApS, Enapter S.r.l., Starfire Energy Inc., Engie SA, Yara International, Wesfarmers Chemicals, Energy & Fertilisers Ltd, Haldor Topsoe A/S, ITM Power, Others).Hy2gen Reveals Ambitious Blueprint to Generate Green Ammonia as a Marine Industry Fuel. The company, with a global footprint, specializes in designing, building, and operating facilities dedicated to the production of green hydrogen and its derivatives.
Markntel Advisors is renowned for assessing business performance, product portfolios, operational segments, and developments, providing stakeholders with precise market projections and estimates through a rigorous research process. The report includes a SWOT analysis for ROI feasibility, economic conditions, statistics, and variables supporting strategic market forecasts. Stakeholders receive accurate market insights for informed decision-making.
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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.
We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients to identify attractive investment opportunities and maximize ROI through an early mover advantage.
We understand the growing need of our clients and thus focus on emerging industries to provide our services which can fulfil their need for assessing the current and future industry potential, identification of white spaces & hotspots and venturing into new geographies or business segments.
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