The Global Market for Green Hydrogen, Ammonia and Steel 2024-2034
Green hydrogen, green ammonia, and green steel markets are interconnected in the broader energy transition, supporting each other's growth in helping decarbonize heavy industry. Green hydrogen and ammonia are essential to scale up in order to transition away from fossil fuels. Green ammonia acts as a key bridge between green hydrogen production and major end uses like green steel manufacturing. Green hydrogen, green ammonia, and green steel all rely on renewable energy sources like wind, solar, hydropower or biomass to produce hydrogen via electrolysis of water. Green ammonia is produced by using green hydrogen and nitrogen from air to make ammonia and is an efficient means to store and transport green hydrogen. Green steel production utilizes green hydrogen instead of coking coal to reduce iron ore into steel. This eliminates most emissions from traditional steelmaking.
Green ammonia is a vital link that connects the supply of green hydrogen with major industrial applications like green steel production as well as providing an exportable source of renewable hydrogen. The Global Market for Green Hydrogen, Ammonia and Steel 2024-2034 provides an in-depth analysis of these key energy transition markets.
Report contents include:
Green hydrogen
Analysis of current hydrogen production (grey, brown etc.) and demand forecasts to 2033.
Market value chain and industry map.
Market drivers, trends and challenges.
Hydrogen production processes and costs.
Recent industry developments and investments and start-up funding.
Market analysis of hydrogen technology and production including blue hydrogen (from decarbonised natural gas), green hydrogen (from renewable power and electrolysis), carbon capture, hydrogen storage & transport, hydrogen fuel cells, hydrogen vehicles, alternative fuels, ammonia production, methanol production, steelmaking, power & heat generation, marine, and fuel cell trains.
Profiles of 244 companies including large corporations and start-ups. Companies profiled include Advanced Ionics, Aker Horizons, C-Zero, Dynelectro, Ekona Power, Electric Hydrogen, Enapter, EvoIOH, FuelCell Energy, Heliogen, HiiROC, Hystar, HydrogenPro, Innova Hydrogen, Ionomr Innovations, ITM Power, Jolt Electrodes, McPhy Energy SAS, Monolith Materials, NEL Hydrogen, Ohmium, Plug Power, PowerCell Sweden, Sunfire, Syzgy Plasmonics, Thiozen, Thyssenkrupp Nucera and Verdagy.
Green ammonia
Analysis of green ammonia production pathways and technologies.
Review of supportive regulations and policy mechanisms promoting renewable ammonia.
Evaluation of current and projected green ammonia production costs.
Life cycle analysis (LCA).
Detailed green ammonia market analysis covering:
Key growth drivers and market challenges.
Recent industry developments and project announcements.
Profiles of major green ammonia projects globally.
SWOT analysis of the market.
Assessment of market segments including transportation, fertilizers, hydrogen storage, and power generation.
Examination of the competitive landscape and value chain.
Global and regional market size estimates and forecasts to 2040. Segmented by end-use application and geography.
Future outlook for the emerging green ammonia market.
Profiles of 49 companies across the supply chain. Companies profiled include Engie, EverWind Fuels, Fuella, FuelPositive Corp., Green NortH2 Energy, Iberdrola, Jupiter Ionics, NEOM Green Hydrogen Company, SK Ecoplant Co., Sumitomo, and Yara.
Green steel
Opportunities and challenges for green steel.
The role of hydrogen in green steel production.
Analysis of green steel production processes.
Hydrogen Direct Reduced Iron (DRI)
Electrolysis
Carbon Capture and Storage/Use
Biochar replacing coke
Hydrogen Blast Furnace
Renewable energy powered processes
Flash ironmaking
Hydrogen Plasma Iron Ore Reduction
Ferrous Bioprocessing
Microwave Processing
Analysis of advanced materials in green steel.
Composite electrodes
Solid oxide materials
Hydrogen storage metals
Carbon composite steels
Coatings and membranes
Sustainable binders
Iron ore catalysts
Biosteel metallics
Carbon capture materials
Waste gas utilization
Market analysis including prices, plants, market maps, SWOT analysis, market trends and opportunities, recent industry developments and innovations, market growth drivers, market challenges and end-use industries including automotive, construction, machinery, electronics etc.
Global market revenues, historical and forecast to 2033, segmented by end-use industry and region.
44 company profiles. Company profiles include production processes, planned capacities, collaborations and agreements, future strategies. Companies profiled include ArcelorMittal, Blastr, Boston Metal, GravitHy, H2 Green Steel, Nippon Steel, SSAB and Thyssenkrupp.
- RESEARCH METHODOLOGY
- GREEN HYDROGEN, GREEN AMMONIA AND GREEN STEEL SYNERGIES
- GREEN HYDROGEN
- Hydrogen classification
- Table Hydrogen colour shades, Technology, cost, and CO2 emissions.
- Global energy demand and consumption
- The hydrogen economy and production
- Table Overview of hydrogen production methods.
- Removing CO emissions from hydrogen production
- Hydrogen value chain
- Production
- Transport and storage
- Utilization
- National hydrogen initiatives
- Table National hydrogen initiatives.
- Market challenges
- Table Market challenges in the hydrogen economy and production technologies.
- Industry developments 2020-2023
- Table Hydrogen industry developments 2020-2023.
- Market map
- Table Market map for hydrogen technology and production.
- GLOBAL HYDROGEN PRODUCTION
- Industrial applications
- Table Industrial applications of hydrogen.
- Hydrogen energy
- Table Hydrogen energy markets and applications.
- Current Annual H2 Production
- Hydrogen production processes
- Table Hydrogen production processes and stage of development.
- Production costs
- Table Estimated costs of clean hydrogen production.
- Global hydrogen demand forecasts
- Role in energy transition
- SWOT analysis
- Electrolyzer technologies
- Table Characteristics of typical water electrolysis technologies
- Table Advantages and disadvantages of water electrolysis technologies.
- Market players
- Table Market players in green hydrogen (electrolyzers).
- Industrial applications
- BLUE HYDROGEN
- Advantages over green hydrogen
- SWOT analysis
- Production technologies
- Table Technology Readiness Levels (TRL) of main production technologies for blue hydrogen.
- Table Key players in methane pyrolysis.
- Table Commercial coal gasifier technologies.
- Table Blue hydrogen projects using CG.
- Table Biomass processes summary, process description and TRL.
- Table Pathways for hydrogen production from biomass.
- Carbon capture
- Table CO2 utilization and removal pathways
- Table Approaches for capturing carbon dioxide (CO2) from point sources.
- Table CO2 capture technologies.
- Table Advantages and challenges of carbon capture technologies.
- Table Overview of commercial materials and processes utilized in carbon capture.
- Table Methods of CO2 transport.
- Table Carbon capture, transport, and storage cost per unit of CO2
- Table Estimated capital costs for commercial-scale carbon capture.
- Table Point source examples.
- Table Assessment of carbon capture materials
- Table Chemical solvents used in post-combustion.
- Table Commercially available physical solvents for pre-combustion carbon capture.
- Table Carbon utilization revenue forecast by product (US$).
- Table CO2 utilization and removal pathways.
- Table Market challenges for CO2 utilization.
- Table Example CO2 utilization pathways.
- Table CO2 derived products via Thermochemical conversion-applications, advantages and disadvantages.
- Table Electrochemical CO reduction products.
- Table CO2 derived products via electrochemical conversion-applications, advantages and disadvantages.
- Table CO2 derived products via biological conversion-applications, advantages and disadvantages.
- Table Companies developing and producing CO2-based polymers.
- Table Companies developing mineral carbonation technologies.
- Market players
- Table Market players in blue hydrogen.
- HYDROGEN STORAGE AND TRANSPORT
- Market overview
- Table Market overview-hydrogen storage and transport.
- Hydrogen transport methods
- Table Summary of different methods of hydrogen transport.
- Hydrogen compression, liquefaction, storage
- Market players
- Table Market players in hydrogen storage and transport.
- Market overview
- HYDROGEN UTILIZATION
- Hydrogen Fuel Cells
- Table Market overview hydrogen fuel cells-applications, market players and market challenges.
- Alternative fuel production
- Table Categories and examples of solid biofuel.
- Table Comparison of biofuels and e-fuels to fossil and electricity.
- Table Classification of biomass feedstock.
- Table Biorefinery feedstocks.
- Table Feedstock conversion pathways.
- Table Biodiesel production techniques.
- Table Advantages and disadvantages of biojet fuel
- Table Production pathways for bio-jet fuel.
- Table Applications of e-fuels, by type.
- Table Overview of e-fuels.
- Table Benefits of e-fuels.
- Table eFuel production facilities, current and planned.
- Hydrogen Vehicles
- Table Market overview for hydrogen vehicles-applications, market players and market challenges.
- Aviation
- Ammonia production
- Table Blue ammonia projects.
- Table Ammonia fuel cell technologies.
- Table Market overview of green ammonia in marine fuel.
- Table Summary of marine alternative fuels.
- Table Estimated costs for different types of ammonia.
- Methanol production
- Table Comparison of biogas, biomethane and natural gas.
- Steelmaking
- Table Hydrogen-based steelmaking technologies.
- Table Comparison of green steel production technologies.
- Table Advantages and disadvantages of each potential hydrogen carrier.
- Power & heat generation
- Maritime
- Fuel cell trains
- Hydrogen Fuel Cells
- COMPANY PROFILES
- Advanced Ionics
- ACSYNAM
- Advent Technologies, Inc.
- Aemetis, Inc.
- AFC Energy plc
- Agfa-Gevaert
- Air Liquide
- Air Products
- Aker Horizons ASA
- Alchemr, Inc.
- AlGalCo, LLC
- AMBARtec AG
- Amogy Inc.
- Aepnus
- Arcadia eFuels
- Atawey
- Atmonia
- Atomis, Inc.
- Aurora Hydrogen
- AquaHydrex
- Avium, LLC
- Ballard Power Systems
- BASF
- BayoTech, Inc.
- Blastr Green Steel
- Bloom Energy
- Boson Energy Ltd.
- BP
- Bramble Energy
- bse Methanol GmbH
- Bspkl
- Carbon Engineering Ltd.
- Carbon Recycling International
- Carbon Sink LLC
- Cavendish Renewable Technology
- Celcibus AB
- Cemvita Factory
- Ceres Power Holdings plc
- Chevron Corporation
- Chiyoda Corporation
- Climate Horizon
- CO Capsol
- Convion Ltd.
- Croft
- Cummins, Inc.
- Cutting-Edge Nanomaterials UG
- Cryomotive GmbH
- C-Zero
- Deep Branch Biotechnology
- Destinus
- Dimensional Energy
- Dioxide Materials
- Domsjö Fabriker AB
- Dynelectro ApS
- Ecolectro, Inc.
- EH Group Engineering AG
- 8Rivers
- Electriq Global
- Electrochaea GmbH
- ENEOS Corporation
- 8Rivers
- Ekona Power
- Elcogen AS
- Electriq Global
- Electric Hydrogen
- Elogen H2
- Endua Pty Ltd.
- Enapter
- Epro Advance Technology Limited
- Equatic
- Erredue SpA
- Ergosup
- Everfuel A/S
- EvolOH, Inc.
- Evolve Hydrogen, Inc.
- Evonik Industries AG
- Fabrum
- FirstElement Fuel
- Flexens Oy AB
- FuelCell Energy
- FuelPositive Corp.
- FuMA-Tech BWY GmbH
- Fusion Fuel
- GenCell Energy
- Graforce
- GenHydro, Inc.
- GenH2
- GeoPura
- GKN Hydrogen
- Graforce Hydro GmbH
- Greenlyte Carbon Technologies
- Green Fuel
- Green Hydrogen Systems
- GRZ Technologies SA
- Hazer Group
- Heimdal CCU
- Heliogen
- Hexagon Purus
- HevenDrones
- HiiROC
- H2B2 Electrolysis Technologies Inc
- H2Electro
- H2GO Power
- H2Greem
- H2 Green Steel
- H2Pro, Ltd.
- H2U Technologies
- H2Vector Energy Technologies, S.L.
- H2X Global
- Honeywell UOP
- Horisont Energi
- Horizon Fuel Cell Technologies
- H Quest Vanguard
- H-Tec Systems
- HYBRIT
- Hygenco
- Hymeth
- Hynamics
- Hycamite TCD Technologies Oy
- HydGene Renewables
- Hydra Energy
- Hydrogen in Motion
- Hydrogenious Technologies
- HydrogenPro AS
- Hydrogenera
- Hyundai Motor Company
- HySiLabs
- Hynertech Co., Ltd.
- Hysata
- Hystar AS
- Hyzon Motors
- IdunnH2
- Immaterial Ltd
- Inergio Technologies SA
- Infinium Electrofuels
- Inpex
- Innova Hydrogen Corp.
- Ionomr Innovations
- ITM Power
- Johnson Matthey
- Jolt Electrodes
- Kawasaki Heavy Industries
- Keyou GmbH
- Koloma Inc.
- Krajete GmbH
- Lavo
- Levidian Nanosystems
- The Linde Group
- Lingniu Hydrogen Energy Technology
- Liquid Wind AB
- Loop Energy
- Lhyfe S.A.
- McPhy Energy SAS
- Mebius
- Midrex Technologies
- Modern Hydrogen
- Molten Industries, Inc.
- Monolith Materials
- Mote, Inc.
- NEL Hydrogen
- Neste
- Newtrace
- Next Hydrogen Solutions
- Nikola Motor Company
- Nordic ElectroFuel
- Norsk e-Fuel AS
- NPROXX
- NuMat Technologies
- OCOchem
- Ohmium International
- 1s1 Energy
- Oort Energy Ltd.
- Orion Polymer
- Ossus Biorenewables
- OXCCU Tech Ltd.
- OxEon Energy, LLC
- Pajarito Powder
- Permascand AB
- Perpetual Next Technologies
- Pherousa Green Shipping
- pH Matter
- Phoenix Motor
- Plagazi AB
- Plantery Technologies
- Plenesys
- Plug Power, Inc.
- PowerUP Energy Technologies
- Proton Technologies
- PowerCell Sweden
- Proton Power, Inc.
- Pure Hydrogen Corporation Limited
- P2X Solutions Oy
- QD-SOL Ltd.
- Quantiam Technologies Inc.
- Quantron AG
- Qairos Energies
- Raven SR
- ReCarbon
- Resilient Energi
- Riversimple
- Rouge H2 Engineering GmbH
- Ryze Hydrogen
- SeeO2 Energy
- Sekisui Chemical
- SEID AS
- Shell plc
- sHYp
- Siemens Energy AG
- SoHHytec SA
- Solenco Powerbox NV
- Sparc Hydrogen
- Storegga Geotechnologies Limited
- StoreH
- Sunfire GmbH
- SungreenH2
- SunHydrogen
- Supercritical Solutions
- Svante, Inc.
- Sylfen
- SinoSynergy
- Synhelion
- Sypox GmbH
- Syzygy Plasmonics
- TECO 2030 ASA
- Tevva
- Thiozen
- Thyssenkrupp Nucera
- TFP Hydrogen Products
- Topsoe
- Total Energies
- Toyota
- Tractebel Engie
- Transform Materials
- Travertine Technologies, Inc.
- Tree Energy Solutions (TES-H2)
- Twelve
- Universal Hydrogen
- Velocys
- Verdagy
- Versogen LLC
- Xcel Energy
- Xebec
- ZEG Power AS
- ZeroAvia
- Zhero
- ZoneFlow Reactor Technologies LLC
- Hydrogen classification
- GREEN AMMONIA
- INTRODUCTION
- Current global ammonia production
- Overview of renewable hydrogen and nitrogen production
- Sustainable ammonia production
- Decarbonisation of ammonia production
- Table Sustainable feedstocks for producing green ammonia.
- Comparison with other types of ammonia
- Table Comparison of green ammonia with other types of ammonia.
- Applications
- Table Applications of green ammonia.
- Life cycle analysis (LCA)
- PRODUCTION METHODS
- Analysis of production technologies
- Table Comparative analysis of green ammonia production technologies.
- Renewable Hydrogen Production
- Retrofitting Existing Plants
- Small-Scale Modular Systems
- Analysis of production technologies
- BLUE AMMONIA
- Blue ammonia projects, current & planned
- Table Blue ammonia projects, current and planned.
- Blue ammonia projects, current & planned
- GLOBAL GREEN AMMONIA MARKET
- Market growth drivers
- Table Market growth drivers for green ammonia.
- Market challenges
- Table Market challenges for green ammonia.
- Regulatory landscape and policy support
- Table Global regulatory landscape and policy support for green ammonia.
- Recent industry news and developments
- Table Recent industry news and developments
- Green ammonia projects, current and planned
- Table Green ammonia projects (current and planned).
- SWOT analysis
- Fuel cells
- Table Comparative analysis of ammonia fuel cell technolgies.
- Table Ammonia fuel cell technologies.
- Transportation fuel (shipping)
- Table Market overview of green ammonia in marine fuel.
- Table Summary of marine alternative fuels.
- Fertilizers
- Sustainable feedstock
- Table Green ammonia in chemicals production.
- Energy storage
- Power generation
- Table Green ammonia in power generation.
- Aviation
- Cost analysis
- Table Production Cost Comparison (As of August 2023).
- Table Green Ammonia Production Costs by Renewable Power Source.
- Table Estimated costs for different types of ammonia.
- Table Key cost reduction pathways for green ammonia.
- Competitive Landscape
- Table Key players in green ammonia.
- GLOBAL MARKET SIZE
- Table Global market for green ammonia 2018-2034 (1,000 tons).
- Table Global market for green ammonia 2018-2034 (revenues, millions USD).
- Table Global market revenues for green ammonia 2018-2034, by end-use market, (1,000 tons).
- Table Global market revenues for green ammonia 2018-2034, by end-use market, (millions USD).
- Table Global market revenues for green ammonia 2018-2034, by region, (1,000 tons).
- Table Global market revenues for green ammonia 2018-2034, by region, (millions USD).
- Table Green and blue ammonia projects & plants in North America, current and planned.
- Table Green and blue ammonia projects & plants in Asia Pacific, current and planned.
- Table Green and blue ammonia projects & plants in Europe, current and planned.
- Table Green and blue ammonia projects & plants in the Middle East & Africa, current and planned.
- Future outlook
- Market growth drivers
- COMPANY PROFILES
- Advent Technologies
- Air Products
- Aker Horizons ASA
- Amogy
- Atmonia
- Boson Energy Ltd.
- Brooge Renewable Energy Limited
- CF Industries Holdings, Inc.
- DAI Infrastructure GmbH
- Enel Green Power
- Eneus Energy
- Engie
- EverWind Fuels
- Flexens Oy AB
- Fuella AS
- FuelPositive Corp.
- GenCell Energy
- Green Fuel
- H2Carrier
- H2U Technologies
- Haldor Topsoe A/S
- Horisont Energi
- Hygenco
- Hynira
- Iberdrola S.A.
- Inpex
- JGC Holdings Corporation
- Jupiter Ionics Pty Ltd
- KBR
- Keppel Corporation
- The Linde Group
- Minbos Resources Ltd.
- NEOM Green Hydrogen Company
- Nel
- Nitrofix
- OCI Global
- Ohmium International
- Pherousa Green Shipping
- PlasmaLeap Technologies
- POSCO
- Siemens AG
- SK Ecoplant Co.
- Stamicarbon
- Starfire Energy
- Sumitomo Corporaton
- Sun Brilliance
- Syzygy Plasmonics
- Thyssenkrupp Nucera
- Yara International
- INTRODUCTION
- GREEN STEEL
- INTRODUCTION
- Current Steelmaking processes
- What is green steel?
- Table Global Decarbonization Targets and Policies related to Green Steel.
- Table Estimated cost for iron and steel industry under the Carbon Border Adjustment Mechanism (CBAM).
- Table Hydrogen-based steelmaking technologies.
- Table Comparison of green steel production technologies.
- Table Advantages and disadvantages of each potential hydrogen carrier.
- Table CCUS in green steel production.
- Table Biochar in steel and metal.
- Table Hydrogen blast furnace schematic.
- Table Applications of microwave processing in green steelmaking.
- Table Applications of additive manufacturing (AM) in steelmaking.
- Table Technology readiness level (TRL) for key green steel production technologies.
- Table Properties of Green steels.
- Advanced materials in green steel
- Table Coatings and membranes in green steel production.
- Advantages and disadvantages of green steel
- Table Advantages and disadvantages of green steel.
- Markets and applications
- Table Markets and applications: green steel.
- THE GLOBAL MARKET FOR GREEN STEEL
- Global steel production
- Green steel plants and production, current and planned
- Table Green steel plants, current and planned.
- Market map
- SWOT analysis
- Market trends and opportunities
- Industry developments, funding and innovation 2022-2023
- Table Industry developments and innovation in Green steel, 2022-2023.
- Market growth drivers
- Table Summary of market growth drivers for Green steel.
- Market challenges
- Table Market challenges in Green steel.
- End-use industries
- Table Supply agreements between green steel producers and automakers.
- Table Applications of green steel in the automotive industry.
- Table Applications of green steel in the construction industry.
- Table Applications of green steel in the consumer appliances industry.
- Table Applications of green steel in machinery.
- Table Applications of green steel in the rail industry.
- Table Applications of green steel in the packaging industry.
- Table Applications of green steel in the electronics industry.
- Global market for demand and revenues 2018-2033
- Table Global market revenues for Green steel, 2018-2033 (Million Metric Tons).
- Table Global market revenues for Green steel, 2018-2033 (Billions USD).
- Table Global market revenues for Green steel, by end-use industry, 2018-2033 (Billions USD).
- Table Global market revenues for Green steel, by region, 2018-2033 (Billions USD).
- Competitive landscape
- Table Key players in Green steel, location and production methods.
- Future market outlook
- COMPANY PROFILES
- Algoma Steel
- Aperam BioEnergia
- ArcelorMittal SA
- Blastr Green Steel
- Boston Metal
- China Baowu Steel Group
- Compañí a de Aceros del Pacífico (CAP)
- GravitHy
- Georgsmarienhütte Holding GmbH
- Electra Steel
- Emirates Steel Arkan
- Greeniron H2 AB
- HBIS Group
- Helios
- Hybrit Development AB
- H2 Green Steel
- Hybar LLC
- Hydnum Steel
- Hyundai Steel
- JFE Steel
- Jindal Shadeed Group
- JSW Steel
- Kobe Steel, Ltd.
- Liberty Steel Group
- Limelight Steel
- Magsort Oy
- Mitsui
- Nippon Steel Corporation
- Nucor Corporation
- Outokumpu
- Ovako AB
- POSCO
- Primetals Technologies
- Salzgitter AG
- Shagang Group
- SHS (Stahl-Holding-Saar GmbH & Co. KGaA)
- SSAB AB
- Sunvik Steels
- Swiss Steel Group
- Tata Steel
- Ternium SA
- Thyssenkrupp
- US Steel
- Voestalpine
- INTRODUCTION
- REFERENCES
Research Assistance
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