The Middle East & Africa Green Ammonia Market size is projected to grow at a CAGR of around 42.27% during the forecast period, i.e., 2025-30. According to MarkNtel Advisors Study.
Middle East & Africa Green Ammonia Market Driver:
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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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Middle East & Africa Green Ammonia Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- The Middle East & Africa Green Ammonia Market Development, By Technology, 2025-2030
- Alkaline Water Electrolysis (AWM)
- Proton Exchange Membrane (PEM)
- Solid Oxide Electrolysis (SOE)
- The Middle East & Africa Green Ammonia Market, Source of Energy, 2025-2030
- By Solar
- By Wind
- Others (Biogas)
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Yara International, AMEA Power, Hive Energy, Linde Engineering, ENOC Group, Other are looking forward to strengthening their market positions.
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