Global Green Ammonia Market is Anticipated to grow at a Significant Pace during the Forecast Period 2025 - 2030 and Cross USD 17.50 Billion by 2030

Published Date: Nov, 2023

The global green ammonia market was USD 0.25 billion in 2022 and is expected reach USD 17.50 billion by 2030 with a CAGR of 78.76% during the forecast period, i.e., 2023-2030. Green ammonia is a form of ammonia produced using renewable energy sources, such as wind or solar power, in a process that emits zero greenhouse gases. It involves using electrolysis to split water into hydrogen and oxygen, with the hydrogen then reacting with nitrogen to form ammonia. This process offers a sustainable alternative to conventional ammonia production, which relies on fossil fuels and emits significant carbon emissions. The demand for green ammonia is primarily driven by the need to decarbonize various sectors, including agriculture, where it is used as a fertilizer, and as a potential carbon-free fuel for transportation and power generation. Additionally, global initiatives to combat climate change and reduce greenhouse gas emissions are fueling interest in green ammonia as a key component of a sustainable energy transition; however, there are challenges for market growth. The high upfront costs of electrolysis and the need for a reliable and low-cost source of renewable energy are significant barriers. Additionally, developing the necessary infrastructure for green ammonia production and distribution on a large scale poses a logistical challenge. Balancing cost-effectiveness with sustainability remains a critical consideration for the widespread adoption of green ammonia.

In November 2023, DAI Infrastruktur signed an MoU with Siemens Energy to collaborate on the production of green hydrogen from renewable power in East Port Said in Egypt. As part of the agreement, Siemens Energy will supply electrolyzers, auxiliary plant systems, and critical equipment making up the hydrogen island. DAI’s project, named Ra, is expected to have a total production capacity of 2 million tons per annum (mtpa) of green ammonia, with an estimated start in 2028 with green ammonia intended to be sold primarily to the German and EU customers.

Browse 75 market data Tables and 45 Figures spread through 226 Pages and in-depth TOC on "Green Ammonia Market, by Technology (Alkaline Electrolysis, Proton Exchange Membrane Electrolysis, Solid Oxide Electrolysis, and Anion Exchange Membrane Electrolysis), by End-Use Industry (Transportation, Fertilizer, Power Generation, and Other End-Use Industry), and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, and South America) - Global Forecast to 2030

By technology, alkaline electrolysis dominates the global green ammonia market.

Based on the technology, the global green ammonia market is segmented into alkaline electrolysis, proton exchange membrane (PEM) electrolysis, solid oxide electrolysis, and anion exchange membrane electrolysis. Alkaline electrolysis dominated the market in 2022 due to its maturity and cost-effectiveness. It has a well-established track record and lower capital costs compared to other electrolysis technologies. For example, the Alstom plant in Norway utilizes alkaline electrolysis to produce hydrogen for ammonia production. Its reliability and relatively lower investment requirements have positioned alkaline electrolysis as the dominant technology for producing green hydrogen, a crucial component in green ammonia production.

Europe leads the global green ammonia market due to its ambitious renewable energy targets and robust regulatory framework. The European Green Deal aims to establish the continent as a leader in sustainable energy. Notable projects like the "H2FUTURE" initiative in Austria demonstrate Europe's commitment to green ammonia production, utilizing renewable energy sources for hydrogen production. Additionally, strong collaborations between governments and private sectors further solidify Europe's dominance in the global green ammonia market.

Some of the major players in the global green ammonia market include Yara International, Siemens Energy, MAN Energy Solutions, Ørsted, OCI NV, Nel ASA, Haldor Topsoe, thyssenkrupp, ITM Power, Mitsubishi Power, Sumitomo Corporation, and others.

Global Green Ammonia Market Coverage (By Value)

  • Technology Insight and Forecast 2018-2030

  • Alkaline electrolysis

  • Proton Exchange membrane (PEM) electrolysis

  • Solid oxide electrolysis

  • Anion exchange membrane electrolysis

  • End-use Industry Process Insight and Forecast 2018-2030

  • Transportation

  • Fertilizer

  • Power generation

  • Other end-use industry

Geographical Segmentation

Global Green Ammonia Market by Region

  • North America

  • By Technology

  • By End-use Industry

  • By Country – U.S., Canada, and Mexico

  • Europe

  • By Technology

  • By End-use Industry

  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

  • Asia-Pacific (APAC)

  • By Technology

  • By End-use Industry

  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

  • South America

  • By Technology

  • By End-use Industry

  • By Country – Argentina, Brazil, Chile, and Rest of South America

  • Middle East and Africa

  • By Technology

  • By End-use Industry

  • By Country – Saudi Arabia, U.A.E, South Africa, and Rest of Middle East and Africa