Green Ammonia Market: Global Industry Analysis and Forecast (2024-2030) by Technology, End User, and Region

Green Ammonia Market Overviews

In an electrochemical Haber-Bosch system, green ammonia is created by combining green hydrogen with nitrogen. Green ammonia is a carbon-free form of ammonia. Electrolyzers are used in the synthesis of green hydrogen and operate in alkaline water, proton exchange membrane, or solid oxide medium. To manufacture green hydrogen, these electrolyzers use power derived from renewable sources such as solar, wind, and tidal. Green Ammonia Market report's segment analysis is provided on the basis of technology, end-user and region.

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Green Ammonia Market Scope and Methodology:

In terms of overall capacity addition, renewable energy generation continues to exceed fossil fuel power generation. Global renewable capacity reached 2.79 terawatts (TW) by the end of 2020, which is 10.3% from the previous year. Solar and wind are high-potential renewable energy sources and are expected to dominate the renewable energy sector throughout the forecast period. Global renewable power capacity was 2799 GW by the end of 2020. With a capacity of 1211 GW, hydropower accounted for the biggest percentage of the global. With capabilities of 733 GW and 714 GW, respectively, wind and solar energy contributed to an equal amount of the remaining capacity. This growing demand for renewable energy drives the green ammonia market growth.

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Green Ammonia Market Regional Insights

The European region has dominated the market share accounting for 34% in 2023. The presence of green hydrogen projects particularly in Germany and the Netherlands are driving the regional green ammonia market growth. In addition, Supportive government initiatives and policies, which are supporting the production of green hydrogen for achieving its energy transitions goals and maintaining energy-intensive industries to improve the business climate, which has boosted the demand for green ammonia.

Green Ammonia Market Segmentation

By Technology, the Green Ammonia Market is segmented into Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM), and Solid Oxide Electrolysis (SOE). The Alkaline Water Electrolysis (AWE) segment has dominated the market with a 47.4% share in 2023. The low capital cost of the alkaline water electrolysis system is primarily driving the segment growth. The Solid Oxide Electrolysis (SOE) segment is expected to witness significant growth at a CAGR of 73% during the forecast period. Thanks to its uses in the generation of fuel, the recycling of carbon dioxide, and the synthesis of chemicals as a means of reducing carbon emissions, hydrogen systems are becoming more popular. SOE is a method for producing green hydrogen from excess renewable energy power. Such green hydrogen might be transformed into an ammonia synthesis factory using SOE technology to produce green ammonia. As a result, it's preferred for making green ammonia.

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Green Ammonia Market Key Players

Green Hydrogen Systems
Haldor Topsoe A/S
Hiringa Energy Ltd.
Hydrogenics (Cummins Inc.)
ITM Power Plc
Man Energy Solutions SE
MCPHY Energy SAS

Key questions answered in the Green Ammonia Market are:

What is Green Ammonia?
What was the Green Ammonia market size in 2023?
What is the growth rate of the Green Ammonia Market?
Which are the factors expected to drive the Green Ammonia market growth?
What are the different segments of the Green Ammonia Market?
What growth strategies are the players considering to increase their presence in Green Ammonia?
What are the upcoming industry applications and trends for the Green Ammonia Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Green Ammonia Market?
Who are the leading companies and what are their portfolios in Green Ammonia Market?
What segments are covered in the Green Ammonia Market?
Who are the key players in the Green Ammonia market?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
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