North American Green ammonia Market 2020-2026

North American Green ammonia Market Size, Share & Trends Analysis Report 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)), Forecast Period 2021-2027
North American green ammonia market is anticipated to grow at a significant CAGR of 6.8% during the forecast period (2021-2027). The growing inclination towards the sustainable source of energy for power generation and transportation fuel is a key factor driving the growth of the North American green ammonia market. Significant increase in green hydrogen projects across the US is a key factor contributing towards the growth of the regional market. The high adoption of green ammonia as a replacement of GHG causing material, and cohesive government policies to promote production of green ammonia are key factors to drive the growth of this market across the region. With the gaining momentum of its adoption in different application different players operating in the market are likely to invest in its production plants to meet the growing regional demand.
The North American green ammonia market is segmented based on technology and application. Based on technology, the market is segmented into Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM), and Solid Oxide Electrolysis (SOE). SOECs have possible application in fuel production, carbon dioxide recycling, and chemicals synthesis. Therefore, SOE is expected to exhibit considerable growth during the forecast period. Based on application, the market is segmented into transportation fuel, power generation and energy storage, fertilizer, and others.
The key players that are contributing significantly to the growth of the North American green ammonia market include CF Industries Holdings, Inc., Green Hydrogen Systems, Hiringa Energy Ltd., Siemens AG and others. These companies are making continuous investments in R&D to make progress in producing technologically advanced green ammonia. Mergers & acquisitions, geographical expansion, production capacity expansion, partnerships, and collaborations are some of the key strategies adopted by the market players to remain competitive in the market place.
RESEARCH METHODOLOGY
The market study of the North American green ammonia market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary sources include:
• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog
The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation:
1. North American Green Ammonia Market Research And Analysis By Technology
2. North American Green Ammonia Market Research And Analysis By Application
The Report covers:
• Comprehensive research methodology of the North American green ammonia market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American green ammonia market.
• Insights about market determinants which are stimulating the North American green ammonia market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.