Green Ammonia Market by Technology (Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM), and Solid Oxide Electrolysis (SOE)), End User (Transportation, Power Generation, and Industrial Feedstock) and Region - Global Forecast to 2030

Green Ammonia Market by Technology (Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM), and Solid Oxide Electrolysis (SOE)), End User (Transportation, Power Generation, and Industrial Feedstock) and Region - Global Forecast to 2030

The global green ammonia market size is projected to grow from USD 16 million in 2021 and is projected to reach USD 5,415 million by 2030, at a CAGR of 90.2% during the forecast period. Green ammonia is green hydrogen synthesized with nitrogen in an electrochemical Haber-Bosch system. Green ammonia is completely carbon-free ammonia. Electrolyzers are used in green hydrogen production and work in an alkaline water medium or proton exchange membrane or solid oxide medium. These electrolyzers use electricity derived from renewable sources, such as solar, wind, and tidal, to produce green hydrogen.

“In terms of both value, Alkaline Water Electrolysis segment to be the fastest-growing segment by 2026.”

Alkaline Water Electrolysis segment is projected to be the largest segment in the Green Ammonia market during the forecast period. The growth of this segment is mainly attributed to low capital cost of alkaline water electrolysis system

“In terms of both value, Power generation is projected to be the fastest-growing segment from 2021 to 2026, for green ammonia.”

Power generation segment is projected to be the largest segment in the green ammonia market. The growth of this segment is mainly attributed to the high demand of energy requirements for various end use industries. With green ammonia production, renewable energy can be stored and reused for power generation at consumption points. This will make the generation of renewable energy more efficient and usable for the long term.

“In terms of both value and volume, the Europe green ammonia market is projected to grow at the highest CAGR during the forecast period.”

In terms of value and volume, the Europe region is projected to grow at the highest CAGR from 2020 to 2026. The market for green ammonia in the rest of the world region is projected to grow at the highest CAGR from 2021 to 2026, in terms of both value and volume. Fast-track urbanization and the growing agricultural needs of the rising population have raised the demand for green hydrogen in Europe to reduce carbon emissions in the region.
By Company Type: Tier 1: 35%, Tier 2: 40%, and Tier 3: 25%
By Designation: C-level: 40%, D-level: 35%, and Others: 25%
By Region: North America: 20%, Europe: 35%, APAC: 25%, Rest of the world: 20%,

The global green ammonia market comprises major technology providers, such as Siemens (Germany), NEL Hydrogen (Norway), ThyssenKrupp (Germany), ITM Power (UK), and McPhy Energy (France), amongst others.

Research Coverage

The market study covers the green ammonia market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on Alkaline Water Electrolysis, Proton Exchange Membrane, Solid Oxide Electrolysis, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to enhance their position in the green ammonia market.

Key Benefits of Buying the Report

The report is projected to help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers of the overall green ammonia market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market and gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.