Energy & Environment Industry Today

Global Green Ammonia Market Worth Sees a Surge to USD 392 Million in 2024 - CAGR of 54% Forecasted (2025-2030) | Siemens AG, ThyssenKrupp AG, Nel ASA

The study provides a detailed analysis of the industry, including the Green Ammonia market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Published 15 July 2024

The Global Green Ammonia Market report provides a detailed analysis of the market's current state, key players, emerging trends, and future growth prospects. The report is divided into several sections, each focusing on different aspects of the market, such as market size, geographical shares, competitive landscape, and market dynamics.

What is the Green Ammonia Market Value?

The Global Green Ammonia Market size is valued at around USD 392 million in 2024 and is projected to grow at a CAGR of around 54% during the forecast period, i.e., 2025-30. The market is driven by the gradual focus shift on reducing greenhouse gas (GHG) emissions & growing emphasis on the adoption of energy-efficient technologies in manufacturing ammonia.

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Regional Analysis:

  • North America
  • Europe
  • Asia Pacific
  • Middle East/Africa
  • South America

Among them, the Europe experienced considerable growth in the Global Green Ammonia Market.

Green Ammonia Market Driver:

Mounting Need to Utilize Cleaner Solutions across Industries - Driven by the escalating demand for long-term storage of renewable energy, the Global Green Ammonia Market is anticipated to exemplify an upward trajectory based upon the immense potential in preventing further withering of climate and environment from renewable energy generation seems, overpowering fossil-based power generation. It, in turn, is augmenting the demand for green hydrogen & directly influencing the requirement for green ammonia.

Moreover, increased consumer awareness & a growing affinity for sustainable products shall also bolster the market growth in the future, backed by the mounting necessity to choose greener solutions like green ammonia. Additionally, strict regulations for carbon footprints & large influx of funds for green ammonia production plants shall further accelerate the market growth pace in the future.

Competitor Breakdown: Top Green Ammonia Market Player 2025-2030

  • Yara International
  • Aker Horizons
  • Air Products
  • CF Industries
  • NEOM Green Hydrogen Company
  • Skovgaard Energy
  • Meridian Energy
  • Woodside Energy
  • Hive Energy
  • CWP Global
  • Intercontinental Energy

Note: If additional specific information is required beyond the current scope of the report, we will gladly provide it as part of the customization process.

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Market Segmentation:

Breakdown By End-User

 > Transportation

 > Power Generation

 > Industrial Feedstock

Breakdown By Application

 > Energy Storage

 > Zero-Carbon Fuel

 > Hydrogen Carrier

 > Fertilizer

 > Others

Breakdown By Technology

 > Alkaline Water Electrolysis (AWE)

 > Proton Exchange Membrane (PEM)

 > Solid Oxide Electrolysis (SOE)

Based on Technology: Alkaline Water Electrolysis technology Segment is expected to acquire the largest share of the Global Green Ammonia Market during the forecast period.

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Frequently Asking Questions (FAQ’s):

  • What will be the Green Ammonia market size in the coming years?
  • 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?
  • What segments are covered in the Green Ammonia Market?
  • Who are the leading companies and what are their portfolios in the Green Ammonia Market?

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