Emphasis on Technology (Alkaline Electrolyzer, PEM Electrolyzer, and SO Electrolyzer); End User (Transport, Power Generation, Industrial, and Others); and Country
The APAC Green Ammonia was valued at USD 14.9 Million and is expected to grow at a strong CAGR of around 80.9% during the forecast period (2024-2032). Owing to rising investment in renewable energy.
APAC is one of the major regions in the Green Ammonia market with a CAGR of 80.9% from 2024-32F. This is because of the increasing awareness among people about sustainable living and additionally, government initiatives are driving the Green Ammonia market in the region. Under the Paris Agreement (signed in 2015 by all countries in the region), they must reduce their greenhouse emissions to limit the global temperature increase to no more than 2 degrees Celsius and pursue efforts to limit the increase to 1.5 degrees Celsius. Renewable Energy adoption is necessary to meet these targets and most countries in the region example, Japan has the basic Hydrogen Strategy to have 200,000 FCVs by 2025 and 800,000 FCVs by 2030 and thus expand its number of Hydrogen stations to 320 by 2025.
This section discusses the key market trends that are influencing the various segments of APAC Green Ammonia as identified by our team of research experts.
Growing consumption of fertilizers
The global population is growing rapidly; therefore, there is a need to increase agricultural production to fulfill the food requirements of the growing population. The use of chemical fertilizers to enhance agricultural production has become a common practice across the globe. Furthermore, demand for organic and environment-friendly fertilizers is also rising. Organic fertilizers are formulated with natural plant residues and waste, animal manures & excreta, micro-organisms, and botanical extracts to enhance agricultural production. Therefore, factors such as the growing need to increase agricultural production and increasing awareness about the harmful effects of chemical inputs and benefits of organic fertilizers augment the consumption of various environment-friendly fertilizers.
China is Expected to Grow with Significant CAGR During Forecast Period
China being the most populated country in the world is making a significant shift away from fossil fuels and is focusing on adopting renewable sources for its energy needs. In the UN General Assembly Meeting 2020, Chinese President Xi Jinping announced that China would commit to achieving Carbon neutrality before 2060. In addition, China has already initiated programs to adopt clean hydrogen technologies. For instance, according to the new Energy Vehicle Industry Plan (2021-35), China’s States Council is planning to use hydrogen for heavy vehicle transportation and is developing infrastructure for this expansion. The new draft of the Energy Law released by China last year included Hydrogen as an energy source for the first time. This is an important step in the process of adopting hydrogen as an energy source for future developments in China. Also, China is the world’s largest ammonia producer, however, green ammonia production is still very much unexplored in the country. Therefore, China provides the most opportunity for key stakeholders in the green ammonia industry.
The APAC Green Ammonia is competitive and fragmented, with the presence of several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are Siemens, Thyssenkrupp, Nel Hydrogen, Green Hydrogen Systems, MAN Energy Solutions, Uniper, BASF, Enapter, ENGIE, Hiringa Energy, BASF, Enaex SA, and JGC Holding Corporation.
The APAC Green Ammonia market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Apac Green Ammonia Market Revenue (usd Bn), 2022-2032f
6. Market Insights By Technology
7. Market Insights By End-user
8. Market Insights By Country
9. Apac Green Ammonia Market Dynamics
10. Apac Green Ammonia Market Opportunities
11. Apac Green Ammonia Market Trends
12. Value Chain Analysis
13. Legal And Regulatory Framework
14. Demand And Supply-side Analysis
15. Competitive Scenario
16. Company Profiled
17. Disclaimer
Analyzing the historical market, estimating the current market, and forecasting the future market of the APAC Green Ammonia market were the three major steps undertaken to create and analyze the adoption of APAC Green Ammonia in major Countries. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the APAC Green Ammonia market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the APAC Green Ammonia market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the APAC Green Ammonia market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as technology and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the APAC Green Ammonia market. Further, we conducted factor analysis using dependent and independent variables such as technology and end-users of the APAC Green Ammonia market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the APAC Green Ammonia market sector across the globe.
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the APAC Green Ammonia market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets. The research methodology adopted to estimate the market size encompasses:
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the APAC Green Ammonia market. data was split into several segments & sub-segments after studying various parameters and trends in the areas of the technology and End-user in the APAC Green Ammonia market.
The current & future market trends of the APAC Green Ammonia market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Q1: What is the current market size and growth potential of the APAC Green Ammonia?
Q2: What are the driving factors for the growth of the APAC Green Ammonia?
Q3: Which segment has the largest share of APAC Green Ammonia by Technology?
Q4: What are the emerging technologies and trends in APAC Green Ammonia?
Q5: Which Country will dominate the APAC Green Ammonia?
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Emphasis on By Type (Floor-Mounted Type, and Portable Type); By Application (Agriculture, Commercial Building, Chemical, and Automotive), and Regions (North America (The US, Canada, Rest of North America), Europe (Germany, The UK, France, Italy, Spain, Rest of the Europe), Asia-pacific (China, Japan, India, Rest of the Asia-pacific), Rest of the World)
February 11, 2025
