The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Middle East & Africa Green Ammonia Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Middle East & Africa Green Ammonia Industry (2025-2030):
According to the latest report, The Middle East & Africa Green Ammonia Market is projected to grow at a CAGR of around 42.27% during the forecast period, i.e., 2025-30. The report demonstrates the prominent factors propelling the exponential growth of the Middle East & Africa Green Ammonia industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
· Historical Data: 2020-23
· Base Year: 2024
· Forecast Period: 2025-30
· CAGR – 42.27%
What are the major Driver the global Middle East & Africa Green Ammonia industry?
Growing Inclination of the Government Towards Clean Energy Sources - Considering the menace of climate change, the government in the region is constantly working on promoting clean energy sources & the discovery of alternative energy which are sustainable & eco-friendly. As a result of which, the government itself is collaborating with private players to create an ecosystem for the development and production of green ammonia. For instance:
The Government of the UAE aims to invest close to AED 600 Billion by the year 2050 to cater to the growing demand for energy & plans to fulfill 44% of the total energy requirements through clean fuels from the current levels, which are nearly 19.63% in 2021.
The favorable government policies are creating a way for private players to enter & invest in the production projects to cater to the upcoming demand from manufacturing & food processing industries & agriculture. Along with it, countries like the UAE & Saudi Arabia aim to emerge as a leading player within the production domain & export it to the neighboring countries & diversify their economic profile.
Similarly, in 2021, Saudi Arabia announced the production facility in NEOM City with the capacity of producing 1.2 million tons of this gas annually. The project is being developed by ACWA & Air Product and is expected to be operationalized in the year 2025 to serve domestic requirements as well as to be exported to the countries in the region.
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Middle East & Africa Green Ammonia Market Segmentation
The Middle East & Africa Green Ammonia Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
· By Technology
o Alkaline Water Electrolysis [AWE],
o Proton Exchange Membrane [PEM],
o Solid Oxide Electrolysis [SOE]),
· By Application
o Agriculture/ Fertilizers,
o Power & Energy Generation,
o Energy Storage,
o Hydrogen Carrier,
o Shipping Fuel,
o Others
· By Country
o The UAE
o Saudi Arabia,
o Oman,
o Egypt,
o Turkey,
o South Africa,
o Rest of the Middle East & Africa
As per the regional aspect, the Middle East & Africa Green Ammonia Market is expected to be dominated by Middle East & Africa by capturing the potential market share.
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Top Companies in the Middle East & Africa Green Ammonia Market
Yara International, AMEA Power, Hive Energy, Linde Engineering, ENOC Group, Other
Middle East & Africa Green Ammonia Industry Recent Developments
2022: In Egypt, the European Bank for Reconstruction & Development announced to provide a loan of USD80 million to Egypt Green for the production of green hydrogen & from that to produce green ammonia. The ammonia produced from this facility would be used to serve domestic as well as the international demand.
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