Green Hydrogen Market Size, Share, Growth, Analysis, Opportunity and Forecast 2035 | ChemAnalyst

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According to ChemAnalyst report, “Green Ammonia Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2035”, The Green Ammonia market is anticipated to witness considerable growth by reaching 2 million tonnes in 2030 and at an impressive CAGR of 8.0% during the forecast period until 2035. The increasing utilization of Green Ammonia by the agriculture industry as they are highly used in fertilizers is expected to flourish the Green Ammonia market across the globe over the next few years. Ambitious net zero-carbon energy goals and strict emissions regulations are likely to drive the demand for Green Ammonia to reduce the CO2 emissions, further augmenting its market in the upcoming years.

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Ammonia is the world’s second-most-widely produced commodity chemical. Industrially, it is mostly used as a fertilizer in agriculture, a sector that is under extreme examination due to its environmental impact. The process of Green Ammonia production utilizes Ammonia that is 100 percent renewable and carbon-free. Several chemical producers are considering Green Ammonia, a route to Ammonia in which Hydrogen derived from the electrolysis of water replaces hydrocarbon-based Hydrogen, making the production of Ammonia virtually carbon dioxide free. Green Ammonia could come to the rescue by easily capturing, storing, and transporting Hydrogen for use in emission-free turbines and fuel cells. Plenty of efforts are under development to combust Ammonia directly in power plants and ship engines. The most widely used process to make Ammonia on a commercial scale is the Haber-Bosch process, in which Ammonia can be extracted again through a thermal decomposition and separation process. Green Ammonia can be widely used in an array of end-use applications other than Fertilizers in agriculture.

Some of the government-supported projects that support the Green Ammonia production are: In Australia, the Norwegian fertilizer producer Yara plans to install electrolyzers to produce 3,500 tonnes per year of Green Ammonia at its plant in Pilbara. In the US, CF Industries is launching its first big Green Ammonia project, in which the company intends to spend USD100 million to convert 20,000 t per year of conventional Ammonia at its flagship plant in Donaldsonville, Louisiana by installing electrolyzers.

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Green Ammonia Market is segmented on the basis of technology, end-use, sales channel, and region. On the basis of technology, the market is segmented into Alkaline Electrolysis (AE), Solid Oxide Electrolysis (SOE), and Proton Exchange Membrane (PEM). SOE technology accounts for the largest share in the Green Ammonia market due to the increased demand for Hydrogen systems to reduce carbon emissions. The Solid Oxide Electrolysis method consumes electricity generated from renewable sources to produce Green Hydrogen, which can be further synthesized in the Ammonia synthesis plants to make Green Ammonia.

Based on end-uses, the Green Ammonia market is segregated into fertilizer, industrial power generation, transportation, and others. The industrial power generation sector is anticipated to dominate the market in the forecast period. Rapidly growing demand for Green Ammonia as a sustainable fuel will provide a positive outlook to the Green Ammonia market over the next few years. The increasing demand for Green Ammonia as a maritime fuel potentially holds vast opportunities for the future.

High investments and low awareness among the chemical producers can somehow hinder the market growth of Green Ammonia in the upcoming years. The cost of Green Ammonia plants is higher than the natural gas Ammonia plants, which makes it quite challenging to resist in the market.

In 2020, the unprecedented fall of COVID-19 caused the Green Ammonia market to observe a severe decline around the world. The imposition of countrywide lockdowns and strict restrictions by the government authorities to contain the spread of the novel coronavirus negatively impacted end-use industries. The global supply chain was drastically affected due to the halt of trade activities. However, the demand outlook remained bullish during the covid times due to the firm demand from the agriculture industry. As the market is gradually reopening, the demand for Green Ammonia is likely to boost in the upcoming years owing to the increasing demand from the shipping industry.

Among different regions, Europe is forecasted to dominate the Green Ammonia market across the world in the upcoming years, followed by the Middle East, Africa, and North America due to the investments and projects in the regions. Initiatives to produce Green Hydrogen are likely to drive the demand for Green Ammonia across the MEA and Europe, which will further boost its market in the future. 

Green Ammonia Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2035”, some of the major players operating in Green Ammonia market include Siemens, BASF, thyssenkrupp, Nel Hydrogen, MAN Energy Solutions, Electrochaea, Green Hydrogen Systems, Hydrogenics, ITM Power, Uniper, Yara International, Queensland Nitrate Pty Ltd., Enapter, Hiringa Energy, ENGIE, Haldor Topso, and others.

“Continuously increasing demand for fertilizers from the blooming agriculture industry is expected to boost the Green Ammonia market in the forecast period until 2035. Due to the outbreak of COVID-19, transportation activities were halted, due to which the global supply chain of Green Ammonia got disturbed amidst the strong demand across the globe. As a number of projects are lined up along with high investments in regions like the Middle East and North America, it is likely to drive the market in the upcoming ten years. “said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

Report Scope:
 
In this report, Green Ammonia market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
 
Attribute
Details
Market size volume by 2035
18 Million Tonnes
Growth Rate
CAGR of 20.0% from 2022 to 2035
Base year for estimation
2020
Historic Data
2015 – 2019
Forecast period
2022 – 2035
Quantitative units
Demand in Million Tonnes and CAGR from 2022 to 2035
Report coverage
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered

By Technology: (Alkaline Electrolysis (AE), Proton Exchange Membrane (PEM), and Solid Oxide Electrolysis (SOE))

By End-Use: (Fertilizer, Industrial Power Generation, Transportation, and Others) 

By Sales Channel: (Direct Company Sale, Direct Import, Distributors & Traders)

Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
Siemens, BASF, thyssenkrupp, Nel Hydrogen, MAN Energy Solutions, Electrochaea, Green Hydrogen Systems, Hydrogenics, ITM Power, Uniper, Yara International, Queensland Nitrate Pty Ltd., Enapter, Hiringa Energy, ENGIE, Haldor Topso, and others.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
Avail customized purchase options to meet your exact research needs. Explore purchase options

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According to ChemAnalyst report, “Green Hydrogen Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2035”, Green Hydrogen Market is expected to witness significant growth by reaching 5 million tonnes in 2030 and grow at a healthy CAGR of 8.6% during the forecast period until 2035, due to increase in demand for green hydrogen during the forecast period.

Most of the hydrogen produced globally is through a process called Steam Reforming. This process uses a catalyst to react methane and steam, resulting in hydrogen, carbon monoxide and carbon dioxide. In a subsequent process, carbon monoxide, steam, and a catalyst react to produce more hydrogen and carbon dioxide. Pure hydrogen is extracted from the process leaving impurities and carbon-dioxide in the environment.

Read Full Report Here: https://www.chemanalyst.com/industry-report/green-hydrogen-market-323

Government initiatives to reduce carbon emission in the environment create a huge potential for green hydrogen which is produced from renewable resources and can replace carbon-intensives hydrogen end uses such as industrial, transport, commercial and power sectors. Currently, less than 2% of total hydrogen produced accounts for green hydrogen production.

Technological Research & Development in various countries have already capitalized on manufacturing, distribution, storage, and end uses of Green Hydrogen across different sectors. The significant increase in demand for green hydrogen will create the subsequent need for considerable infrastructure to handle the production and delivery of green hydrogen. The shift in technology from conventional producing methods to greener technology is expected to be a huge hurdle in shifting to green hydrogen.

Green Hydrogen Market is segmented on the basis of technology, end-use, sales channel, and region. On the basis of technology, the market is segmented into Alkaline Electrolysis (AE), Solid Oxide Electrolysis (SOE), and Proton Exchange Membrane (PEM). Alkaline Electrolysis is a widely used technology and is expected to dominate the market in the forecast period as it is cost-effective and has a long operational life. Depending on several end-uses, the market is segregated into chemicals, power generation, heat generation, transportation fuel, steel manufacturing, and others. The power generation sector is expected to dominate the Green Hydrogen market in the forecast years.

According to ChemAnalyst report, “Global Green Hydrogen: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2035”, Approach to plan the use of green hydrogen varies from country to country. To reduce the environmental impact associated with Hydrogen production, Hydrogen production via electrolysis has gained tremendous importance in the near term.  For instance, a conglomerate of ITM Power, a British electrolyser Specialist and Orsted, a Danish energy firm announced a project Oyster to produce Hydrogen via a system combining wind energy and electrolysis primarily for marine use. Major players operating in the Green Hydrogen market are Ballard Power Systems, Enapter, Green Hydrogen Systems, Engie, Hydrogenics, Nikola Motors, Plug Power, Shell, SGH2 Energy Global LLC, Siemens Gas and Power GmbH & Co. KG., and others. In India, GAIL Ltd., announced its plan in October 2021 to construct India’s largest Green Hydrogen-production facility to boost its natural gas business with zero carbon fuel.

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“Green Hydrogen is being addressed as a fuel of the future as it exhibits a promising formula to solve the challenge of decarbonization while revitalizing various economies. As per the statistics, Hydrogen plans if progressed at the proposed pace are likely to cater to a quarter of our global energy needs by 2050 while reducing the overall carbon emission by one-third of the current percentage. The Global Green Hydrogen market is anticipated to witness a commendable growth with the majority of the consumption share coming from the Asia-Pacific (APAC) region owing to the increasing industrial operations in countries like China, India and South Korea. In addition, China’s setup of a new Hydrogen city with an altogether investment of 290 million USD to brace new research and development operations and build transport and storage facilities along with large scale production of Hydrogen fuel vehicles is the magnetic attribute towards the growth of Hydrogen market in Asia Pacific.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

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About Us        

ChemAnalyst is a ‘one stop’ digital platform that offers comprehensive market intelligence data and in-depth analysis of the Indian chemical and petrochemical industry. ChemAnalyst’s team of 100+ analysts are engaged in tracking chemical prices daily, production capacity, demand and supply outlook, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst is promoted by TechSci Research which is an award-winning research-based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace & Defense, Water and Waste Management, BFSI and more.

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Contact Us:

Nilesh Vishwakarma

B-44 Sector-57 Noida,

National Capital Region

Tel: 0120-4523948

Mob: +91-8882336899

Email: sales@chemanalyst.com

Website: https://www.chemanalyst.com/

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