Asia-Pacific Green Ammonia Market to Witness Robust Expansion by 2029

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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