The Asia-Pacific green ammonia market is anticipated to grow at a significant CAGR of 9.5% during the forecast period. 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.
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.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered-
- By Technology
- By Application
- Competitive Landscape- Mitsubishi Heavy Industries, Ltd., Yara International ASA, CF Industries Holdings, Inc., Acme Solar Holdings Ltd., Jera
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)
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 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
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