Global Green Ammonia Market Size By Technology (Alkaline Water Electrolysis, Proton Exchange Membrane), By End User (Power Generation, Transportation), By Geographic Scope And Forecast

Green Ammonia Market Size And Forecast

Green Ammonia Market size was valued at USD 16.77 Million in 2021 and is projected to reach USD 4689 Million by 2030, growing at a CAGR of 87% from 2023 to 2030.

Green ammonia production has the potential to lower greenhouse gas emissions while also providing a sustainable source of energy for a variety of uses, such as transportation fuel, agricultural fertilizer, and chemical feedstock. Green ammonia has garnered more attention recently as a way to cut carbon emissions and aid in the shift to a low-carbon economy. The Global Green Ammonia Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Green Ammonia Market Definition

Green ammonia is a term used to describe a sustainable method of producing ammonia that uses clean energy sources like solar or wind power to lessen the process’ carbon footprint. Due to the need for high temperatures, pressures, and a typical energy supply of fossil fuels, conventional ammonia manufacturing contributes significantly to greenhouse gas emissions. Green ammonia production uses renewable energy to produce this essential chemical while reducing the emissions caused by conventional processes. This method is more environmentally friendly.

Global Green Ammonia Market Overview

The demand for green ammonia is rising as there are more environmental concerns and a preference for renewable energy sources. The market’s expansion is accelerated by the implementation of stringent environmental rules and actions made by governments throughout the world to reduce their reliance on fossil fuels. The demand for green ammonia is also increased by the increase in fertilizers used to increase agricultural production and achieve higher-quality crops.

The need for green ammonia has risen as a result of economic expansion and rising interest in renewable energy storage. There are efforts being made to reduce the carbon emissions linked to ammonia production. As a fuel for ships, ammonia is also utilized to alleviate environmental issues. Governments all across the world are launching initiatives to decarbonize their economies, placing an ever-greater focus on hydrogen-based technologies. During the forecast period, technological improvements and sizable investments in research and development are anticipated to support market expansion.

Global Green Ammonia Market Segmentation Analysis

The Global Green Ammonia Market is segmented on the basis of Technology, End User, and Geography.

Green Ammonia Market, By Technology

• Alkaline Water Electrolysis
• Proton Exchange Membrane
• Solid Oxide Electrolysis

Based on Technology, the market is segmented into Alkaline Water Electrolysis, Proton Exchange Membrane, and Solid Oxide Electrolysis. Proton exchange membrane technology is growing as people are becoming more aware of the benefits of this technology, which has an electric efficiency of above 90% and large current concentrations at low voltages. The solid oxide electrolysis technology is anticipated to increase at the fastest rate during the forecast period.

Green Ammonia Market, By End User

• Power Generation
• Transportation
• Industrial Feedstock
• Agriculture
• Others

Think about who's using green ammonia – we're talking Power Generation, Transportation, Industrial Feedstock, Agriculture, and even "Others" thrown in for good measure. Looks like power generation is set to be the biggest player in the green ammonia game. You see, green ammonia is just ammonia made using renewable energy. One cool idea? Use electrolytes to turn extra renewable energy – maybe from some far-off place – into fuel ammonia. Then, bam! You've got renewable fuel for making electricity. And with renewable energy use taking off all over the world, it makes sense. Maybe it's because governments are pushing for carbon-free agriculture, or maybe it's because everyone's starting to use green ammonia to make eco-friendly fertilizers.

Green Ammonia Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

Looking at the regions, the global market for green ammonia breaks down into North America, Europe, Asia Pacific, and the rest of the world. Back in 2021, Europe really stood out, grabbing a large chunk of the market. What's fueling the demand for green ammonia? Well, people are becoming more aware of environmental issues, and there are stricter environmental laws coming into play. Plus, we're seeing more and more fuel cell projects popping up as people lean towards using sustainable energy. In places like agriculture, transportation, and even power generation, green ammonia is becoming increasingly popular. Going forward, we can expect things to grow even more, thanks to supportive government policies, a bigger push towards sustainable energy to keep up with energy needs, and general efforts to hit those all-important energy targets.

We expect the United States to stay a major player in the global green ammonia game, leading the charge in both production and use. It's likely the U.S. will grab a big slice of the worldwide Green Ammonia Market pie. Why? Well, we've got major green ammonia companies, cool new tech bubbling up, plus stricter rules pushing things forward. And don't forget the rising popularity of environmental fertilizer! Looking ahead, expect even more growth thanks to investments in eco-friendly hydrogen, the buzz around green ammonia as a hydrogen source, and a big push for alternative energies for power and transportation – all fueling the demand for sustainable ammonia nationwide.

Key Players

The “Global Green Ammonia Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as ACME Group, Aker Clean Hydrogen, BASF SE, Dyno Nobel, Eneus Energy Limited, Greenfield Nitrogen LLC, Green Hydrogen Systems, ITM Power, Hive Energy, MAN Energy Solutions, Siemens Energy, ThyssenKrupp AG, and Yara International ASA. 

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In February 2022, Hy2gen, a global company that specializes in designing, building, and managing facilities to produce green hydrogen and its derivatives, announced plans to create green ammonia as a fuel for the marine industry.
• In August 2021, Thyssenkrupp AG and Helios, a business based in the United Arab Emirates, agreed to a contract for the construction of a facility to produce green hydrogen and green ammonia using the latter’s patented technology.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Green Ammonia Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in global Green Ammonia Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

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Research Methodology of Market Research

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Reasons to Purchase this Report

We take a good hard look at the market, breaking it down by different groups using things like money and even stuff that isn't about money. We'll give you the market size in USD Billion for each area we look at. Plus, we'll tell you which region and segment we think will grow the fastest and be the biggest. Our analysis will show you where the product is being used and what's influencing the market in each region. We also cover the competitive landscape, including who's on top, what new things they're launching, who's partnering with who, and who's buying who. You'll find detailed company profiles with overviews, insights, product comparisons, and SWOT analysis for the main players. We'll also give you our take on where the market is now and where it's headed, considering recent changes, opportunities, and challenges in both new and established areas. We even dig deep using Porter's five forces analysis to understand the market from every angle, providing insight through the Value Chain. Finally, we'll show you the market's dynamics and potential growth chances.