- Alkaline Water Electrolysis (AWE)
- Proton Exchange Membrane (PEM)
- Electrolysis
- Solid Oxide Electrolysis
Green Ammonia Market size was valued at USD 342.3 million in 2023 and is expected to reach USD 1,948.1 million by 2029, growing at a 28.2% CAGR from 2024 to 2030. Green ammonia is made by synthesizing nitrogen and hydrogen by the process called ammonia synthesis after this process the finished product will be using renewable sources of energy such as wind, hydropower, and geothermal energy with zero carbon emission. Rising investment in renewable energy declines power generation cost which drives the market growth.
Global biofuel demand increased rapidly, government spending and awareness for using renewable energy to fulfill zero carbon emission targets, biofuels reduce around 65% of carbon emissions which shows potential growth opportunities in the upcoming years. The cost associated with installing green ammonia is expensive, high initial cost as compared to natural gas hinders the market growth, but it is expected cost of renewable energy generation and electrolyzers decrease further, it is not feasible to regain traditional ammonia to green ammonia production which hampers the market growth. The alkaline water electrolysis is expected to have the largest market share in 2022, as it witnesses for green production of hydrogen as a transportation in the Asia Pacific region. Geographically, the European region accounted for a major market share in 2022 and is expected to dominate the global green ammonia market in the forecasted years.
Green Ammonia Market Key Developments:
- In December 2022, S&P Global Commodity Insights announced to launch a suite of Platts ammonia price assessments based on renewable power production pathways. These new price assessments complement previously launched 'blue ammonia' assessments to further enhance transparency in global hydrogen markets.
- In December 2022, Siemens Energy partnered with Fortescue Future Industries, to produce green hydrogen at an industrial scale and help tackle climate change and reduce carbon emissions.
- In October 2022, KBR Launched Ammonia 10,000 to Meet Future Sustainable Energy and Fertilizer Demands, this offering to help meet the growing global sustainable energy and fertilizer demands of today and the future.
- In Nov 2021, Green Fuel and Haldor Topsoe collaborated to identify practical and scaleable methods for the production of green ammonia in Iceland.
Green Ammonia Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
28.2%
Largest Market
Asia-Pacific
Fastest Growing Market
North America
Green Ammonia Market Dynamics
The increasing demand for long term renewable energy storage across the world is the major market driver in the green ammonia market during the forecast period. Renewable power offers enormous development prospects. According to Global Sustainable and Energy Association, green energy will overtake renewable energy resources in the future, also increased need for eco-friendly fertilizers and pesticides drive the market growth in the upcoming years, the excess use of pesticides the condition of soil is gets deteriorated, as a results new soil technologies are developed to prevent from soil population and green ammonia is the real solution consequences high demand for fertilizers in the market.
Europe Got Significant Share
Green Ammonia Market Regional Analysis
Europe region held major market share in the in 2023 and expected to dominate in the global green ammonia market in the forecast years, it is attributed the production of green electricity for small scale applications has increased in the region, continuous technological advancement and adoption towards green renewable energy resources drives the market in the region. The green ammonia market in the Asia Pacific hold a significant revenue share in 2023, and, in the following years, it is predicted to increase rapidly. It is attributed to the increasing promotional activities for green ammonia energy resources as a fuel and agricultural applications and rapidly growing infrastructure will accelerate the market growth in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies.
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.
Green Ammonia Market Segmentation
By Technology
By End User
- Transportation
- Industrial Feedstock
- Power Generation
By Geography
- North America,
- Europe,
- Asia Pacific,
- Latin America, and
- Middle East and Africa
Frequently Asked Questions
The green ammonia market size was valued at USD 342.3 million in 2023 and is expected to grow USD 1,948.1 million by 2030.
The leading players in the Green Ammonia Market are BASF SE, CF Industries Holdings, In, Dyno Nobel, Electrochaea, Enaex Energy, Enapter, Eneus Energy Limited, ENGIE, Siemens Energy, Starfire Energy, ThyssenKrupp AG, and Uniper
The green ammonia market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1.Executive Summary |
| 2.Global Green Ammonia Market Introduction |
| 2.1.Global Green Ammonia Market - Taxonomy |
| 2.2.Global Green Ammonia Market - Definitions |
| 2.2.1.By Technology |
| 2.2.2.By End User |
| 2.2.3.By Region |
| 3.Global Green Ammonia Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Green Ammonia Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Green Ammonia Market By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Alkaline Water Electrolysis (AWE) |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Proton Exchange Membrane (PEM) |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Electrolysis |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Solid Oxide Electrolysis |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6.Global Green Ammonia Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Transportation |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Industrial Feedstock |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Power Generation |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7.Global Green Ammonia Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Green Ammonia Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Alkaline Water Electrolysis (AWE) |
| 8.1.2.Proton Exchange Membrane (PEM) |
| 8.1.3.Electrolysis |
| 8.1.4.Solid Oxide Electrolysis |
| 8.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Transportation |
| 8.2.2.Industrial Feedstock |
| 8.2.3.Power Generation |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Green Ammonia Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Alkaline Water Electrolysis (AWE) |
| 9.1.2.Proton Exchange Membrane (PEM) |
| 9.1.3.Electrolysis |
| 9.1.4.Solid Oxide Electrolysis |
| 9.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Transportation |
| 9.2.2.Industrial Feedstock |
| 9.2.3.Power Generation |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Green Ammonia Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Alkaline Water Electrolysis (AWE) |
| 10.1.2.Proton Exchange Membrane (PEM) |
| 10.1.3.Electrolysis |
| 10.1.4.Solid Oxide Electrolysis |
| 10.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Transportation |
| 10.2.2.Industrial Feedstock |
| 10.2.3.Power Generation |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Green Ammonia Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Alkaline Water Electrolysis (AWE) |
| 11.1.2.Proton Exchange Membrane (PEM) |
| 11.1.3.Electrolysis |
| 11.1.4.Solid Oxide Electrolysis |
| 11.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Transportation |
| 11.2.2.Industrial Feedstock |
| 11.2.3.Power Generation |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Green Ammonia Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Alkaline Water Electrolysis (AWE) |
| 12.1.2.Proton Exchange Membrane (PEM) |
| 12.1.3.Electrolysis |
| 12.1.4.Solid Oxide Electrolysis |
| 12.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Transportation |
| 12.2.2.Industrial Feedstock |
| 12.2.3.Power Generation |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.BASF SE |
| 13.2.2.CF Industries Holdings |
| 13.2.3.Dyno Nobel |
| 13.2.4.Electrochaea |
| 13.2.5.Enaex Energy |
| 13.2.6.Enapter |
| 13.2.7.Eneus Energy Limited |
| 13.2.8.ENGIE |
| 13.2.9.Siemens Energy |
| 13.2.10.Starfire Energy |
| 13.2.11.ThyssenKrupp AG |
| 13.2.12.Uniper |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
- BASF SE
- CF Industries Holdings
- Dyno Nobel
- Electrochaea
- Enaex Energy
- Enapter
- Eneus Energy Limited
- ENGIE
- Siemens Energy
- Starfire Energy
- ThyssenKrupp AG
- Uniper
- Yara International ASA