Green Ammonia Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Production Method (Alkaline Water Electrolysis, Proton Exchange Membrane, and Solid Oxide Electrolysis), By End Use (Power Generation, Transportation, Fertilizers, Others), By Region 2022-2032

Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format

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Green Ammonia Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Production Method (Alkaline Water Electrolysis, Proton Exchange Membrane, and Solid Oxide Electrolysis), By End Use (Power Generation, Transportation, Fertilizers, Others), By Region 2022-2032

Green Ammonia for power generation is expected to reach approximately 5700 thousand tonnes by 2030.

Growing Demand for Renewable Energy Driving Market Growth

Stringent Rules & Regulations Related to Carbon Emissions is Driving Global Green Ammonia Market

Recent Developments

  • In 2023, Topsoe has been selected by Beijing-based Mintal Hydrogen to offer its proprietary technology for a green ammonia plant in China. The 390,000 t/y plant, located in Baotou, Inner Mongolia, will be the first of its type in China, as well as Topsoe’s first power-to-X project in the country. 
  • In 2023, On January 13, the Indian government released a blueprint for its determined National Green Hydrogen Mission (NGHM) with a total initial outlay of USD 2419.39 million, of which USD 2143.19 million will be used for the production-linked incentives for producing green hydrogen and manufacturing electrolyzers.
  • In 2023, Yara International plans  to modify its ammonia terminals in Germany and that will allow handling of up to 3 million tons of ammonia. This equates to roughly 530,000 tons of hydrogen and will assist speed up the hydrogen economy in Germany.

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Market Segmentation

Company Profiles

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

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