Asia-Pacific Green Ammonia Market Size, Share and Forecast 2021-2027

The Asia-Pacific green ammonia market is anticipated to grow at a significant CAGR of 9.5% during the forecast period (2021-2027). Ammonia has nine times the energy density of Li-ion batteries, and three times that of compressed hydrogen, creating potential as a carbon-free energy carrier. Although, the ammonia as a fertilizer has a well established market; the market for green ammonia is still on its traction to grow across the globe. The green ammonia offers several benefits as a power generation source and transportation fuel; therefore, key players of the market are investing in the green ammonia projects to exploit the actual potential of the green ammonia market.

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For instance, in March 2021, Gurgaon-based Acme Solar Holdings Ltd. 2.9 GW of commissioned projects and 2.6 GW in pipeline spread across 13 states in India had announced to invest $2.5 billion to manufacture green ammonia and green hydrogen in Oman. This plant will produce 2,200 tonne of green ammonia on a daily basis and will supply green ammonia to Europe, America and Asia region. Further in February 2021,  Japanese thermal power producer Jera and Malaysian state-owned oil firm Petronas  have signed an initial agreement to start considering co-operation on the development of a green ammonia and hydrogen supply chain, part of their strategies to achieve carbon neutrality by 2050.

Market Coverage

·         The market number available for – 2020-2027

·         Base year- 2020

·         Forecast period- 2021-2027

·         Segment Covered- 

·         By Technology

·         By Application

·         Competitive Landscape- Mitsubishi Heavy Industries, Ltd., Yara International ASA, CF Industries Holdings, Inc., Acme Solar Holdings Ltd., Jera

Key questions addressed by the report

·         What is the market growth rate?

·         Which segment dominates the market in the base year?

·         Which segment will project the fastest growth in the market?

·         How COVID-19 impacted the market?

·         Deviation from the pre-COVID-19 forecast

·         Most affected segment

·         Who is the leader in the market?

·         How players are addressing challenges to sustain growth?

·         Where is the investment opportunity?

 

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A full Report of Asia-Pacific Green Ammonia Market is Available at:  https://www.omrglobal.com/industry-reports/asia-pacific-green-ammonia-market

Asia-Pacific Green ammonia Market Report Segment

By Technology

·         Alkaline Water Electrolysis (AWE)

·         Proton Exchange Membrane (PEM)

·         Solid Oxide Electrolysis (SOE)

By Application

·         Transportation Fuel

·         Power Generation and Energy Storage

·         Fertilizer

·         Other (Textile & Pharmaceuticals, Explosives, Refrigeration & Heat Transfer Application)

Asia-Pacific Green Ammonia Market Report Segment by Region

·         China

·         India

·         Japan

·         South Korea

Rest of Asia-Pacific 

Company Profiles 

·         Acme Solar Holdings Ltd.

·         Green Hydrogen Systems

·         Haldor Topsøe A/S

·         Hiringa Energy Ltd.

·         Hydrogenics (Cummins Inc.)

·         ITM Power Plc

·         Man Energy Solutions SE

·         Mitsubishi Heavy Industries, Ltd.

·         Thyssenkrupp Industrial Solutions AG

·         Yara International ASA

Reasons to buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @   https://www.omrglobal.com/report-customization/asia-pacific-green-ammonia-market

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

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