Significant Increase in Green Ammonia Projects to Promote Asia-Pacific Green Ammonia Market

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.

Browse the full report description of "Asia-Pacific 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" at https://www.omrglobal.com/industry-reports/asia-pacific-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.

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- 

o By Technology

o 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?

o Deviation from the pre-COVID-19 forecast

o Most affected segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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 

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/asia-pacific-green-ammonia-market