The global Green Ammonia Market was valued at USD 4.07 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 39.16%, owing to a significantly increasing demand for renewable energy. Green ammonia refers to the ammonia produced by processes that utilize renewable energy sources such as solar, wind, and hydro.
In the production of green ammonia, hydrogen is extracted through the electrolysis of water using renewable energy, followed by the Haber-Bosch process. Green Ammonia plays an important role in achieving the net zero-carbon emissions target set by the Paris Agreement 2050. Green Ammonia for power generation is expected to reach approximately 5700 thousand tonnes by 2030.
Multiple renewable energy sources will be integrated with engineering and physical technologies to conserve and store energy in the coming years. Sustainable production and the application of carbon-free products on a significant basis could reduce the problem of rising carbon emissions. Consumers prefer green ammonia over ammonia produced from fossil fuels, as it encourages the decarbonization of power and shipping industries.
Several end-use industries are moving in the direction of green ammonia due to its zero-carbon emission ability. Thus, the rising consumer awareness is expected to propel the demand for green ammonia during the forecast period to make viable and safer alternative fuels.
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Stringent Rules & Regulations Related to Carbon Emissions is Driving Global Green Ammonia Market
Many governments are taking up the responsibility to implement regulations and policies to achieve zero-carbon emissions. Green Ammonia could really help achieve the targets as it helps in generating electricity without any emissions. Governments of the nations are tracking the widespread execution of green ammonia manufacturing and its uses, which is important in accelerating the development and positioning of this technology. Countries are also aiming for the usage of renewable energy sources in their production method, as these options can be responsible for accomplishing the target of net-zero emissions. Thus, government initiatives expand the scope of green ammonia and create understanding among the market players, which results in driving the global green ammonia market in the forecast period.
The Global Green Ammonia market is segmented based on Production Method, End-Use, Region, and Competitive Landscape. Based on the Production Method, the market is further fragmented into Alkaline Water Electrolysis, Proton Exchange Membrane, and Solid Oxide Electrolysis. Based on End Use the market is fragmented into Power Generation, Transportation, Fertilizers & others.
Yara International ASA, Haldor Topsoe Holding A/S, Maire Technimont, Thyssenkrup AG, Siemens Energy AG, BASF SE., ACME Group, Fertiglobe plc, NEL Hydrogen AS, ITM Power plc, Green Hydrogen Systems AS, Greenfield Nitrogen LLC are some of the major players in the market.
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Attribute | Details |
Market size value in 2022 | USD 4.07 Million |
Revenue Forecast in 2032 | USD 7676.47 Million |
Growth Rate | 39.16% |
Base Year | 2022 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2032 |
Quantitative Units | Revenue in USD Million, and Volume in Thousand Tonnes CAGR for 2023E-2032F |
Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | Production Method End Use |
Regional Scope | Europe, North America, Asia Pacific, Middle East & Africa, |
Key Companies Profiled | Yara international ASA, Haldor Topsoe Holding A/S, Maire Technimont, Thyssenkrup AG, Siemens Energy AG, BASF SE., ACME Group, Fertiglobeplc, NEL Hydrogen AS, ITM Power Plc, Green Hydrogen Systems AS, Greenfield Nitrogen LLC |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
In this report, the Global Green Ammonia market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
o Alkaline Water Electrolysis
o Proton Exchange Membrane
o Solid Oxide Electrolysis
o Power Generation
o Transportation
o Fertilizers
o Others
o Europe
o North America
o Asia Pacific
o Middle East & Africa
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Green Ammonia market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
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5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Production Method (Alkaline Water Electrolysis, Proton Exchange Membrane, and Solid Oxide Electrolysis)
5.2.2. By End Use (Power Generation, Transportation, Fertilizers, Others)
5.2.3. By Region
5.2.4. By Company (2022)
5.3. Product Market Map
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Production Method
6.2.2. By End Use
6.2.3. By Country
6.3. Europe: Country Analysis
6.3.1. France Green Ammonia Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value & Volume
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Production Method
6.3.1.2.2. By End Use
6.3.2. Germany Green Ammonia Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value & Volume
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Production Method
6.3.2.2.2. By End Use
6.3.3. Denmark Green Ammonia Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value & Volume
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Production Method
6.3.3.2.2. By End Use
6.3.4. Russia Green Ammonia Market Outlook
6.3.4.1. Market Size & Forecast
6.3.4.1.1. By Value & Volume
6.3.4.2. Market Share & Forecast
6.3.4.2.1. By Production Method
6.3.4.2.2. By End Use
6.3.5. United Kingdom Green Ammonia Market Outlook
6.3.5.1. Market Size & Forecast
6.3.5.1.1. By Value & Volume
6.3.5.2. Market Share & Forecast
6.3.5.2.1. By Production Method
6.3.5.2.2. By End Use
6.3.6. Sweden Green Ammonia Market Outlook
6.3.6.1. Market Size & Forecast
6.3.6.1.1. By Value & Volume
6.3.6.2. Market Share & Forecast
6.3.6.2.1. By Production Method
6.3.6.2.2. By End Use
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