Product ID: SQMIG15B2034
Report ID:
SQMIG15B2034 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
88 |
Figures:
76
North America region dominated the Global Green Ammonia Market in 2021. Rising R&D for hydrogen generation and the uptake of electric vehicles in the region are credited with this rise. Government backing, increasing investor investments, and the viability of the technology in the region are further factors boosting market growth. The U.S. market is being impacted by the sizeable presence of major production businesses and important technology suppliers, the adoption of strict laws, and the rising trend of employing green fertilisers. Similarly, it is anticipated that during the forecast period, increasing investments in green hydrogen, rising prominence of green ammonia as a hydrogen carrier, and increasing focus on the development of renewable fuels for the transportation and power generation sectors will drive demand for green ammonia in the nation.
According to estimates, the market in Asia Pacific would grow at the quickest rate between 2022 and 2028. This is a result of government policies and programmes that aim to cut carbon emissions and promote renewable energy. For instance, the Indian government has offered incentives to encourage the usage of electric cars there.
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Product ID: SQMIG15B2034