Green Ammonia Market - A Global and Regional Analysis

Focus on End-Use Sectors, Production Technologies, and Region - Analysis and Forecast, 2022-2031

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A quick peek into the report

Market Report Coverage

Green Ammonia Market
Forecast Period: 2024-2031
CAGR During Forecast Period: 23.2%

Green Ammonia Market

Base Year

2022

Market Size in 2022

$3.5 Million

Forecast Period

2024-2031

Value Projection and Estimation by 2031

$18,801.0 Million

CAGR During Forecast Period

23.2%

Number of Tables

101

Number of Pages

189

Number of Figures

13

 

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts, analyzing company coverage, product portfolio, and market penetration.

Some of the prominent established names in this market are:

•    Aker Clean Hydrogen
•    CF Industries Holdings, Inc.
•    Air Products Inc.
•    Haldor Topsor A/S
•    Fusion-Fuel
•    HY2GEN AG
•    Eneus Energy Limited
•    Hive Energy
•    Siemens Energy
•    H2U Technologies, Inc.
•    Fertiglobe
•    ACME Group
•    Enaex Energy
•    Dyno Nobel
•    Origin Energy Limited
•    Yara International ASA
•    Iberdrola, S.A.
•    Ballance Agri-Nutrients

How Can This Report Add Value to an Organization?

Green Ammonia is a fuel for future and has a high potential to grow in upcoming future.

Product/Innovation Strategy: The product segment helps the reader understand the different technologies involved in green ammonia production, including alkaline water electrolysis (AWE), proton exchange membrane (PEM), and solid oxide electrolysis (SOE). Moreover, the study provides the reader with a detailed understanding of the different green ammonia by end-use sectors (power generation and energy storage, agriculture, transportation, industrial feedstock, and others). Green ammonia is fuel for the future and has a high potential to grow in the future.

Growth/Marketing Strategy: The global green ammonia market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint ventures. The favored strategy for the companies has been business expansion and partnership to strengthen their position in the green ammonia market. For instance, in October 2021, Scatec ASA, a leading renewable power producer, entered into a partnership agreement with Fertiglobe to jointly produce a 50-100 MW green hydrogen site, which would be further used as a feedstock for green ammonia production.

Competitive Strategy: Key players in the global green ammonia market analyzed and profiled in the study involve green ammonia manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the global green ammonia market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Industry & Technology Overview

The green ammonia market is still in the development phase. Increased research and development activities are underway to develop

Global Green Ammonia Market Industry Overview

The demand for green ammonia is anticipated to grow with increasingly stringent carbon emission regulations and zero-carbon energy goals. Also, there is increasing cognizance that ensures energy security from low-carbon intermittent sources, which requires long-term sustainable energy storage and the identification of suitable carriers. Moreover, continuously decreasing the cost of hydrogen production through electrolysis is another factor to spur the demand for green ammonia during the forecast period (2024-2031). However, the higher installation cost for the integrated infrastructure of green ammonia is anticipated to hinder market growth in the upcoming future.

Market Lifecycle Stage

The green ammonia market is still in the development phase. Increased research and development activities are underway to develop green ammonia, which is expected to increase due to rising public concern and government regulations related to carbon emissions and the protection of environmental health.

Moreover, green ammonia has the potential to make a significant impact by decreasing global dependence on fossil fuels and contributing to the reduction of greenhouse gas emissions.

Figure: Global Green Ammonia Market , $Million, 2022, 2024, and 2031

Green Ammonia Market

Industrial Impact

• With an increased worldwide focus on achieving net-zero carbon emissions, the shift to green, eco-friendly, sustainable technologies brings significant sales and financing opportunities. This shift was prominently experienced in regions such as North America, Europe, and some Asian countries.
• Furthermore, green ammonia has a low to moderate impact on the fertilizer and transportation fuel industry; however, in the upcoming future, with increased production of green ammonia, the impact is anticipated to increase.

Impact of COVID-19

Since the green ammonia is not much commercialized, the impact of COVID-19 on the global market has been negligible. Moreover, the rise in the trend of sustainability is expected to positively affect the growth of the market in the next 10 years, as green ammonia is produced using sustainable technologies. Also, the consumption of green ammonia is expected to increase post-COVID-19 pandemic as the planned projects come online.

Market Segmentation

Segmentation 1: by End-Use Sector
•    Power Generation and Energy Storage
•    Agriculture
•    Transportation
•    Industrial Feedstock
•    Others

The global green ammonia market in the application segment is expected to be dominated by the agriculture industry.

Segmentation 2: by Production Technology
•    Alkaline Water Electrolysis (AWE)
•    Proton Exchange Membrane (PEM)
•    Solid Oxide Electrolysis (SOE)

The global green ammonia market is estimated to be led by by solid oxide electrolysis in terms of production technology.

Segmentation 3: by Region
•    North America - U.S., Canada, and Mexico
•    Europe - Germany, France, Italy, Spain, and Rest-of-Europe
•    China
•    U.K.
•    Asia-Pacific and Japan - Japan, India, South Korea, Australia, and Rest-of-Asia- Pacific 
•    Rest-of-the-World

In the global green ammonia market, Europe and North America are anticipated to gain traction in terms of green ammonia production owing to the R&D advancements and supporting government regulations in the regions.

Recent Developments in Global Green Ammonia Market

•    In March 2021, ACME Group of India, a solar power producing company, signed an agreement with the Oman company, Tatweer, to initiate a production facility of green ammonia located in Duqm, Oman.
•  In March 2022, ACME Group of India, a solar power producing company, signed a joint venture agreement with Norway-based company, Scatec ASA, to initiate a production facility of green ammonia in the sultanate of Oman, with an annual production capacity of around 100,000 tons. 
•    In May 2021, Khalifa Industrial Zone Abu Dhabi (KIZAD) announced to strategically build a green ammonia plant with an annual production capacity of around 200,000 tons. 
•    In December 2020, Haldor Topsoe, a carbon reduction technology specialist, Skovgaard Invest, a Danish renewable energy developer, and Vestas, a wind turbine manufacturer, announced the building of a green ammonia production plant in Western Jutland, Denmark.
•    In February 2021, Copenhagen Infrastructure Partners and A.P. Moller – Maersk announced their strategic plans for the development of Europe’s largest green ammonia production facility in Esbjerg, Denmark. 
•    In July 2021, Fusion-Fuel, based in Ireland, and Consolidated Contractors Group, a global construction company, announced the building of a new green ammonia project, ‘Hevo Ammonia Project’ in Morocco.

Demand – Drivers and Limitations

Following are the demand drivers for the green ammonia market:

•    Increased Consumer Awareness and Preference Toward Sustainable Products
•    Increased Investment in Green Ammonia Production
•    Stringent Rules and Regulations Related to Carbon Emissions

The market is expected to face some limitations due to the following challenges:

•    Limited Commercialization of Green Ammonia
•    High Production Cost

Analyst Thoughts

According to Prasad Gade, Research Analyst, BIS Research, "Green ammonia is the better replacement for traditionally manufactured ammonia as it is highly sustainable. Growing shift toward environment-friendly products, services, and rise in the demand for efficient energy storage alternatives is one of the key factors behind the market growth.”

Table of Contents

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1.1    Industry Outlook
         1.1.1    Trends: Current and Future
                     1.1.1.1    Green Ammonia for Energy Storage
                     1.1.1.2    Green Ammonia as a Sustainable Future Fuel
         1.1.2    Supply Chain Analysis
         1.1.3    Ecosystem/Ongoing Programs
                     1.1.3.1    Consortiums and Associations
                     1.1.3.2    Regulatory Bodies
                     1.1.3.3    Programs by Research Institutions and Universities
          1.1.4    Impact of COVID-19 on the Green Ammonia Market
1.2    Business Dynamics
         1.2.1    Business Drivers
                     1.2.1.1    Increased Consumer Awareness and Preference Toward Sustainable Products
                     1.2.1.2    Increased Investment in Green Ammonia Production
                     1.2.1.3    Stringent Rules and Regulations Related to Carbon Emissions
         1.2.2    Business Challenges
                     1.2.2.1    High Production Cost
                     1.2.2.2    Limited Commercialization of Green Ammonia
         1.2.3    Business Strategies
                     1.2.3.1    Product Developments
                     1.2.3.2    Market Developments
         1.2.4    Corporate Strategies
                     1.2.4.1    Mergers and Acquisitions
                     1.2.4.2    Partnerships and Joint Ventures
                     1.2.4.3    Collaborations and Alliances
         1.2.5    Business Opportunities
                     1.2.5.1    Green Ammonia as a Transportation Fuel
                     1.2.5.2    Increased Adoption of Energy-Efficient Technologies
1.3    Start-Up Landscape
         1.3.1    Key Start-Ups in the Ecosystem
1.4    Green Ammonia Planned Projects
         1.4.1    Key Green Ammonia Planned Projects

2.1    Global Green Ammonia Market (Applications and Specifications)
         2.1.1    Global Green Ammonia Market (by End-Use Sectors)
                     2.1.1.1    Power Generation and Energy Storage
                     2.1.1.2    Transportation
                     2.1.1.3    Agriculture
                     2.1.1.4    Industrial Feedstock
                     2.1.1.5    Others
2.2    Demand Analysis of Green Ammonia Market (by End-Use Sectors), Value and Volume Data

3.1    Global Green Ammonia Market (Products and Specifications)
         3.1.1    Global Green Ammonia Market (by Production Technologies)
                     3.1.1.1    Alkaline Water Electrolysis (AWE)
                     3.1.1.2    Proton Exchange Membrane (PEM)
                     3.1.1.3    Solid Oxide Electrolysis (SOE)
3.2    Demand Analysis of Green Ammonia Market (by Production Technologies), Value and Volume Data
         3.2.1    Comparison of Production Efficiency between the Technologies
3.3    Product Benchmarking: Growth Rate – Market Share Matrix, 2024
3.4    Patent Analysis
         3.4.1    Patent Analysis (by Status)
3.5    Pricing Analysis

4.1    North America
         4.1.1    Markets
                     4.1.1.1    Key Producers and Suppliers in North America
                     4.1.1.2    Business Challenges
                     4.1.1.3    Business Drivers
         4.1.2    Applications
                     4.1.2.1    North America Green Ammonia Market ( by End-Use Sectors), Volume and Value Data
         4.1.3    Products
                     4.1.3.1    North America Green Ammonia Market ( by Production Technologies), Volume and Value Data
         4.1.4    North America (by Country)
                     4.1.4.1    U.S.
                                    4.1.4.1.1    Markets
                                                      4.1.4.1.1.1    Buyer Attributes
                                                      4.1.4.1.1.2    Key Producers and Suppliers in the U.S.
                                                      4.1.4.1.1.3    Regulatory Landscape
                                                      4.1.4.1.1.4    Business Challenges
                                                      4.1.4.1.1.5    Business Drivers
                                    4.1.4.1.2    Applications
                                                      4.1.4.1.2.1    U.S. Green Ammonia Market (by End-Use Sectors), Volume and Value Data
                                    4.1.4.1.3    Products
                                                      4.1.4.1.3.1    U.S. Green Ammonia Market (by Production Technologies), Volume and Value Data
                     4.1.4.2    Canada
                                    4.1.4.2.1    Markets
                                                      4.1.4.2.1.1    Buyer Attributes
                                                      4.1.4.2.1.2    Key Producers and Suppliers in Canada
                                                      4.1.4.2.1.3    Regulatory Landscape
                                                      4.1.4.2.1.4    Business Challenges
                                                      4.1.4.2.1.5    Business Drivers
                                    4.1.4.2.2    Applications
                                                      4.1.4.2.2.1    Canada Green Ammonia Market (by End-Use Sectors), Volume and Value Data
                                    4.1.4.2.3    Products
                                                      4.1.4.2.3.1    Canada Green Ammonia Market (by Production Technologies), Volume and Value Data
                     4.1.4.3    Mexico
                                    4.1.4.3.1    Markets
                                                      4.1.4.3.1.1    Buyer Attributes
                                                      4.1.4.3.1.2    Key Producers and Suppliers in Mexico
                                                      4.1.4.3.1.3    Regulatory Landscape
                                                      4.1.4.3.1.4    Business Challenges
                                                      4.1.4.3.1.5    Business Drivers
                                    4.1.4.3.2    Applications
                                                      4.1.4.3.2.1    Mexico Green Ammonia Market (by End-Use Sectors), Volume and Value Data
                                    4.1.4.3.3    Products
                                                      4.1.4.3.3.1    Mexico Green Ammonia Market (by Production Technologies), Volume and Value Data
4.2    Europe
         4.2.1    Market
                     4.2.1.1    Key Producers and Suppliers in Europe
                     4.2.1.2    Business Challenges
                     4.2.1.3    Business Drivers
         4.2.2    Applications
                     4.2.2.1    Europe Green Ammonia Market ( by End-Use Sectors), Volume and Value Data
         4.2.3    Products
                     4.2.3.1    Europe Green Ammonia Market ( by Production Technologies), Volume and Value Data
         4.2.4    Europe (by Country)
                     4.2.4.1    Germany
                                    4.2.4.1.1    Market
                                                      4.2.4.1.1.1    Buyer Attributes
                                                      4.2.4.1.1.2    Key Producers and Suppliers in Germany
                                                      4.2.4.1.1.3    Regulatory Landscape
                                                      4.2.4.1.1.4    Business Challenges
                                                      4.2.4.1.1.5    Business Drivers
                                    4.2.4.1.2    Applications
                                                      4.2.4.1.2.1    Germany Green Ammonia Market (by End-Use Sectors), Volume and Value Data
                                    4.2.4.1.3    Products
                                                      4.2.4.1.3.1    Germany Green Ammonia Market (by Production Technologies), Volume and Value Data
                     4.2.4.2    France
                                    4.2.4.2.1    Market
                                                      4.2.4.2.1.1    Buyer Attributes
                                                      4.2.4.2.1.2    Key Producers and Suppliers in France
                                                      4.2.4.2.1.3    Regulatory Landscape
                                                      4.2.4.2.1.4    Business Challenges
                                                      4.2.4.2.1.5    Business Drivers
                                    4.2.4.2.2    Applications
                                                      4.2.4.2.2.1    France Green Ammonia Market (by End-Use Sectors), Volume and Value Data
                                    4.2.4.2.3    Products
                                                      4.2.4.2.3.1    France Green Ammonia Market (by Production Technologies), Volume and Value Data
                     4.2.4.3    Italy
                                    4.2.4.3.1    Market
                                                      4.2.4.3.1.1    Buyer Attributes
                                                      4.2.4.3.1.2    Key Producers and Suppliers in Italy
                                                      4.2.4.3.1.3    Regulatory Landscape
                                                      4.2.4.3.1.4    Business Challenges
                                                      4.2.4.3.1.5    Business Drivers
                                    4.2.4.3.2    Applications
                                                      4.2.4.3.2.1    Italy Green Ammonia Market (by End-Use Sectors), Volume and Value Data
                                    4.2.4.3.3    Products
                                                      4.2.4.3.3.1    Italy Green Ammonia Market (by Production Technologies), Volume and Value Data
                     4.2.4.4    Spain
                                    4.2.4.4.1    Markets
                                                      4.2.4.4.1.1    Buyer Attributes
                                                      4.2.4.4.1.2    Key Producers and Suppliers in Spain
                                                      4.2.4.4.1.3    Regulatory Landscape
                                                      4.2.4.4.1.4    Business Challenges
                                                      4.2.4.4.1.5    Business Drivers
                                    4.2.4.4.2    Applications
                                                      4.2.4.4.2.1    Spain Green Ammonia Market (by End-Use Sectors), Volume and Value Data
                                    4.2.4.4.3    Products
                                                      4.2.4.4.3.1    Spain Green Ammonia Market (by Production Technologies), Volume and Value Data
                     4.2.4.5    Rest-of-Europe (RoE)
                                    4.2.4.5.1    Market
                                                      4.2.4.5.1.1    Buyer Attributes
                                                      4.2.4.5.1.2    Key Producers and Suppliers in Rest-of-Europe
                                                      4.2.4.5.1.3    Business Challenges
                                                      4.2.4.5.1.4    Business Drivers
                                    4.2.4.5.2    Applications
                                                      4.2.4.5.2.1    Rest of Europe Green Ammonia Market (by End-Use Sectors), Volume and Value Data
                                    4.2.4.5.3    Products
                                                      4.2.4.5.3.1    Rest of Europe Green Ammonia Market (by Production Technologies), Volume and Value Data
4.3    U.K.
         4.3.1    Markets
                     4.3.1.1    Buyer Attributes
                     4.3.1.2    Key Producers and Suppliers in the U.K.
                     4.3.1.3    Regulatory Landscape
                     4.3.1.4    Business Challenges
                     4.3.1.5    Business Drivers
         4.3.2    Applications
                     4.3.2.1    U.K. Green Ammonia Market ( by End-Use Sectors), Volume and Value Data
         4.3.3    Products
                     4.3.3.1    U.K. Green Ammonia Market ( by Production Technologies), Volume and Value Data
4.4    China
         4.4.1    Markets
                     4.4.1.1    Buyer Attributes
                     4.4.1.2    Regulatory Landscape
                     4.4.1.3    Business Challenges
                     4.4.1.4    Business Drivers
         4.4.2    Applications
                     4.4.2.1    China Green Ammonia Market ( by End-Use Sectors), Volume and Value Data
         4.4.3    Products
                     4.4.3.1    China Green Ammonia Market ( by Production Technologies), Volume and Value Data
4.5    Asia-Pacific and Japan
         4.5.1    Markets
                     4.5.1.1    Key Producers and Suppliers in Asia-Pacific and Japan
                     4.5.1.2    Business Challenges
                     4.5.1.3    Business Drivers
         4.5.2    Applications
                     4.5.2.1    Asia-Pacific and Japan Green Ammonia Market ( by End-Use Sectors), Volume and Value Data
         4.5.3    Products
                     4.5.3.1    Asia-Pacific Green Ammonia Market ( by Production Technologies), Volume and Value Data
         4.5.4    Asia-Pacific and Japan (by Country)
                     4.5.4.1    Japan
                                    4.5.4.1.1    Markets
                                                      4.5.4.1.1.1    Buyer Attributes
                                                      4.5.4.1.1.2    Key Producers and Suppliers in Japan
                                                      4.5.4.1.1.3    Regulatory Landscape
                                                      4.5.4.1.1.4    Business Challenges
                                                      4.5.4.1.1.5    Business Drivers
                                    4.5.4.1.2    Applications
                                                      4.5.4.1.2.1    Japan Green Ammonia Market (by End-Use Sectors), Volume and Value Data
                                    4.5.4.1.3    Products
                                                      4.5.4.1.3.1    Japan Green Ammonia Market (by Production Technologies), Volume and Value Data
                     4.5.4.2    South Korea
                                    4.5.4.2.1    Market
                                                      4.5.4.2.1.1    Buyer Attributes
                                                      4.5.4.2.1.2    Key Producers and Suppliers in South Korea
                                                      4.5.4.2.1.3    Regulatory Landscape
                                                      4.5.4.2.1.4    Business Challenges
                                                      4.5.4.2.1.5    Business Drivers
                                    4.5.4.2.2    Applications
                                                      4.5.4.2.2.1    South Korea Green Ammonia Market (by End-Use Sectors), Volume and Value Data
                                    4.5.4.2.3    Products
                                                      4.5.4.2.3.1    South Korea Green Ammonia Market (by Production Technologies), Volume and Value Data
                     4.5.4.3    India
                                    4.5.4.3.1    Markets
                                                      4.5.4.3.1.1    Buyer Attributes
                                                      4.5.4.3.1.2    Key Producers and Suppliers in India
                                                      4.5.4.3.1.3    Regulatory Landscape
                                                      4.5.4.3.1.4    Business Challenges
                                                      4.5.4.3.1.5    Business Drivers
                                    4.5.4.3.2    Applications
                                                      4.5.4.3.2.1    India Green Ammonia Market (by End-Use Sectors), Volume and Value Data
                                    4.5.4.3.3    Products
                                                      4.5.4.3.3.1    India Green Ammonia Market (by Production Technologies), Volume and Value Data
                     4.5.4.4    Australia
                                    4.5.4.4.1    Markets
                                                      4.5.4.4.1.1    Buyer Attributes
                                                      4.5.4.4.1.2    Key Producers and Suppliers in Australia
                                                      4.5.4.4.1.3    Regulatory Landscape
                                                      4.5.4.4.1.4    Business Challenges
                                                      4.5.4.4.1.5    Business Drivers
                                    4.5.4.4.2    Applications
                                                      4.5.4.4.2.1    Australia Green Ammonia Market (by End-Use Sectors), Volume and Value Data
                                    4.5.4.4.3    Products
                                                      4.5.4.4.3.1    Australia Green Ammonia Market (by Production Technologies), Volume and Value Data
                     4.5.4.5    Rest-of-Asia-Pacific
                                    4.5.4.5.1    Market
                                                      4.5.4.5.1.1    Buyer Attributes
                                                      4.5.4.5.1.2    Business Challenges
                                                      4.5.4.5.1.3    Business Drivers
                                    4.5.4.5.2    Applications
                                                      4.5.4.5.2.1    Rest of Asia-Pacific Green Ammonia Market (by End-Use Sectors), Volume and Value Data
                                    4.5.4.5.3    Products
                                                      4.5.4.5.3.1    Rest of Asia-Pacific Green Ammonia Market (by Production Technologies), Volume and Value Data
4.6    Rest-of-the-World
         4.6.1    Markets
                     4.6.1.1    Key Producers and Suppliers in Rest-of-the-World
                     4.6.1.2    Business Challenges
                     4.6.1.3    Business Drivers
         4.6.2    Applications
                     4.6.2.1    Rest of World Green Ammonia Market ( by End-Use Sectors), Volume and Value Data
         4.6.3    Products
                     4.6.3.1    Rest of World Green Ammonia Market ( by Production Technologies), Volume and Value Data
         4.6.4    Rest-of-the-World (by Region)
                     4.6.4.1    Middle East and Africa
                                    4.6.4.1.1    Markets
                                                      4.6.4.1.1.1    Key Producers and Suppliers in the Middle East and Africa
                                                      4.6.4.1.1.2    Business Challenges
                                                      4.6.4.1.1.3    Business Drivers
                                    4.6.4.1.2    Applications
                                                      4.6.4.1.2.1    Middle East and Africa Green Ammonia Market (by End-Use Sectors), Volume and Value Data
                                    4.6.4.1.3    Products
                                                      4.6.4.1.3.1    Middle East and Africa Green Ammonia Market (by Production Technologies), Volume and Value Data
                     4.6.4.2    South America
                                    4.6.4.2.1    Markets
                                                      4.6.4.2.1.1    Key Producers and Suppliers in South America
                                                      4.6.4.2.1.2    Business Challenges
                                                      4.6.4.2.1.3    Business Drivers
                                    4.6.4.2.2    Applications
                                                      4.6.4.2.2.1    South America Green Ammonia Market (by End-Use Sectors), Volume and Value Data
                                    4.6.4.2.3    Products
                                                      4.6.4.2.3.1    South America Green Ammonia Market (by Production Technologies), Volume and Value Data

5.1    Competitive Benchmarking (2025)
         5.1.1    Competitive Position Matrix (2025)
         5.1.2    Product Matrix for Key Companies
         5.1.3    Market Share Analysis of Key Companies (2026)
5.2    Company Profiles
         5.2.1    Aker Clean Hydrogen
                     5.2.1.1    Company Overview
                                    5.2.1.1.1    Product Portfolio
                                    5.2.1.1.2    Production Site
                     5.2.1.2    Business Strategies
                                    5.2.1.2.1    Market Developments
                     5.2.1.3    Corporate Strategies
                                    5.2.1.3.1    Partnerships, Collaborations, and Joint Ventures
                     5.2.1.4    Analyst Point of View
         5.2.2    CF Industries Holdings, Inc.
                     5.2.2.1    Company Overview
                                    5.2.2.1.1    Product Portfolio
                                    5.2.2.1.2    Production Site
                     5.2.2.2    Business Strategies
                                    5.2.2.2.1    Market Developments
                     5.2.2.3    Corporate Strategies
                                     5.2.2.3.1    Partnerships, Collaborations, and Joint Ventures
                     5.2.2.4    Analyst Point of View
         5.2.3    Air Products Inc.
                     5.2.3.1    Company Overview
                                    5.2.3.1.1    Product Portfolio
                                    5.2.3.1.2    Production Site
                     5.2.3.2    Business Strategies
                                    5.2.3.2.1    Market Developments
                     5.2.3.3    Corporate Strategies
                                    5.2.3.3.1    Mergers and Acquisitions
                     5.2.3.4    R&D Analysis
                                    5.2.3.4.1    Production Site
                     5.2.3.5    Analyst Point of View
         5.2.4    Haldor Topsor A/S
                     5.2.4.1    Company Overview
                                    5.2.4.1.1    Product Portfolio
                                    5.2.4.1.2    Production Site
                     5.2.4.2    Business Strategies
                                    5.2.4.2.1    Market Developments
                     5.2.4.3    Corporate Strategies
                                    5.2.4.3.1    Partnerships, Collaborations, and Joint Ventures
                                    5.2.4.3.2    Mergers and Acquisitions
                     5.2.4.4    R&D Analysis
                     5.2.4.5    Analyst Point of View
         5.2.5    Fusion-Fuel
                     5.2.5.1    Company Overview
                                    5.2.5.1.1    Product Portfolio
                                    5.2.5.1.2    Production Site
                     5.2.5.2    Business Strategies
                                    5.2.5.2.1    Market Developments
                     5.2.5.3    Corporate Strategies
                                    5.2.5.3.1    Partnerships, Collaborations, and Joint Ventures
                     5.2.5.4    Analyst Point of View
         5.2.6    HY2GEN AG
                     5.2.6.1    Company Overview
                                    5.2.6.1.1    Product Portfolio
                                    5.2.6.1.2    Production Site
                     5.2.6.2    Business Strategies
                                    5.2.6.2.1    Market Developments
                     5.2.6.3    Corporate Strategies
                                    5.2.6.3.1    Partnerships, Collaborations, and Joint Ventures
                     5.2.6.4    Analyst Point of View
         5.2.7    Eneus Energy Limited
                     5.2.7.1    Company Overview
                                    5.2.7.1.1    Product Portfolio
                                    5.2.7.1.2    Production Site
                     5.2.7.2    Business Strategies
                                    5.2.7.2.1    Market Developments
                     5.2.7.3    Analyst Point of View
         5.2.8    Hive Energy
                     5.2.8.1    Company Overview
                                    5.2.8.1.1    Product Portfolio
                                    5.2.8.1.2    Production Site
                     5.2.8.2    Business Strategies
                                    5.2.8.2.1    Market Developments
                     5.2.8.3    Analyst Point of View
         5.2.9    Siemens Energy
                     5.2.9.1    Company Overview
                                    5.2.9.1.1    Product Portfolio
                     5.2.9.2    Business Strategies
                                    5.2.9.2.1    Product Developments
                                    5.2.9.2.2    Market Developments
                     5.2.9.3    Corporate Strategies
                                    5.2.9.3.1    Partnerships, Collaborations, and Joint Ventures
                     5.2.9.4    R&D Analysis
                     5.2.9.5    Analyst Point of View
       5.2.10    H2U Technologies, Inc.
                     5.2.10.1    Company Overview
                                      5.2.10.1.1    Product Portfolio
                                      5.2.10.1.2    Production Site
                     5.2.10.2    Business Strategies
                                      5.2.10.2.1    Product Developments
                                      5.2.10.2.2    Market Developments
                     5.2.10.3    Corporate Strategies
                                      5.2.10.3.1    Partnerships, Collaborations, and Joint Ventures
                     5.2.10.4    Analyst Point of View
       5.2.11    Fertiglobe
                     5.2.11.1    Company Overview
                                      5.2.11.1.1    Product Portfolio
                                      5.2.11.1.2    Production Site
                     5.2.11.2    Business Strategies
                                      5.2.11.2.1    Product Developments
                     5.2.11.3    Corporate Strategies
                                      5.2.11.3.1    Partnerships, Collaborations, and Joint Ventures
                     5.2.11.4    Analyst Point of View
       5.2.12    ACME Group
                     5.2.12.1    Company Overview
                                      5.2.12.1.1    Product Portfolio
                                      5.2.12.1.2    Production Site
                     5.2.12.2    Corporate Strategies
                                      5.2.12.2.1    Partnerships, Collaborations, and Joint Ventures
                     5.2.12.3    Analyst Point of View
       5.2.13    Enaex Energy
                     5.2.13.1    Company Overview
                                      5.2.13.1.1    Product Portfolio
                                      5.2.13.1.2    Production Site
                     5.2.13.2    Business Strategies
                                      5.2.13.2.1    Product Developments
                                      5.2.13.2.2    Market Developments
                     5.2.13.3    Corporate Strategies
                                      5.2.13.3.1    Partnerships, Collaborations, and Joint Ventures
                     5.2.13.4    Analyst Point of View
       5.2.14    Dyno Nobel
                     5.2.14.1    Company Overview
                                      5.2.14.1.1    Product Portfolio
                                      5.2.14.1.2    Production Site
                     5.2.14.2    Business Strategies
                                      5.2.14.2.1    Product Developments
                                      5.2.14.2.2    Market Developments
                     5.2.14.3    Corporate Strategies
                                      5.2.14.3.1    Partnerships, Collaborations, and Joint Ventures
                     5.2.14.4    R&D Analysis
                     5.2.14.5    Analyst Point of View
       5.2.15    Origin Energy Limited
                     5.2.15.1    Company Overview
                                      5.2.15.1.1    Product Portfolio
                                      5.2.15.1.2    Production Site
                     5.2.15.2    Business Strategies
                                      5.2.15.2.1    Product Developments
                     5.2.15.3    Corporate Strategies
                                      5.2.15.3.1    Partnerships, Collaborations, and Joint Ventures
                     5.2.15.4    Analyst Point of View
       5.2.16    Yara International ASA
                     5.2.16.1    Company Overview
                                      5.2.16.1.1    Product Portfolio
                                      5.2.16.1.2    Production Site
                     5.2.16.2    Business Strategies
                                      5.2.16.2.1    Product Developments
                                      5.2.16.2.2    Market Developments
                     5.2.16.3    Corporate Strategies
                                      5.2.16.3.1    Partnerships, Collaborations, and Joint Ventures
                     5.2.16.4    R&D Analysis
                     5.2.16.5    Analyst Point of View
       5.2.17    Iberdrola, S.A.
                     5.2.17.1    Company Overview
                                      5.2.17.1.1    Product Portfolio
                                      5.2.17.1.2    Production Site
                     5.2.17.2    Business Strategies
                                      5.2.17.2.1    Product Developments
                                      5.2.17.2.2    Market Developments
                     5.2.17.3    Corporate Strategies
                                      5.2.17.3.1    Partnerships, Collaborations, and Joint Ventures
                     5.2.17.4    Analyst Point of View
       5.2.18    Ballance Agri-Nutrients
                     5.2.18.1    Company Overview
                                      5.2.18.1.1    Product Portfolio
                                      5.2.18.1.2    Production Site
                     5.2.18.2    Corporate Strategies
                                      5.2.18.2.1    Partnerships, Collaborations, and Joint Ventures
                     5.2.18.3    R&D Analysis
                     5.2.18.4    Analyst Point of View

Research Methodology

Table 1:    Energy Storage Programs
Table 2:    Key Product Developments
Table 3:    Key Market Developments (2018-2021)
Table 4:    Key Mergers and Acquisitions
Table 5:    Key Partnerships and Joint Ventures
Table 6:    Key Collaborations and Alliances
Table 7:    Global Green Ammonia Market (by End-Use Sectors), Kilo Tons, 2022-2031
Table 8:    Global Green Ammonia Market (by End-Use Sectors), $Million, 2022-2031
Table 9:    Global Green Ammonia Market (by Production Technologies), Kilo Tons, 2022-2031
Table 10:    Global Green Ammonia Market (by Production Technologies), $Million, 2022-2031
Table 11:    Global and Regional Level Pricing Analysis, Green Ammonia, $/Ton, 2022-2031
Table 12:    Global Green Ammonia Production, Pre-Commercial Stage, 2021 - 2022
Table 13:    List of Key Planned Demonstration / Pilot Projects for Green Ammonia, 2018-2023
Table 14:    Global Green Ammonia Market (by Region), Kilo Tons, 2022-2031
Table 15:    Global Green Ammonia Market (by Region), $Million, 2022-2031
Table 16:    North America Green Ammonia Market (by End-Use Sectors), Kilo Tons, 2022-2031
Table 17:    North America Green Ammonia Market (by End-Use Sectors), $Million, 2022-2031
Table 18:    North America Green Ammonia Market (by Production Technologies), Kilo Tons, 2022-2031
Table 19:    North America Green Ammonia Market (by Production Technologies), $Million, 2022-2031
Table 20:    U.S. Green Ammonia Market (by End-Use Sectors), Kilo Tons, 2022-2031
Table 21:    U.S. Green Ammonia Market (by End-Use Sectors), $Million, 2022-2031
Table 22:    U.S. Green Ammonia Market (by Production Technologies), Kilo Tons, 2022-2031
Table 23:    U.S. Green Ammonia Market (by Production Technologies), $Million, 2022-2031
Table 24:    Canada Green Ammonia Market (by End-Use Sectors), Kilo Tons, 2022-2031
Table 25:    Canada Green Ammonia Market (by End-Use Sectors), $Million, 2022-2031
Table 26:    Canada Green Ammonia Market (by Production Technologies), Kilo Tons, 2022-2031
Table 27:    Canada Green Ammonia Market (by Production Technologies), $Million, 2022-2031
Table 28:    Mexico Green Ammonia Market (by End-Use Sectors), Kilo Tons, 2022-2031
Table 29:    Mexico Green Ammonia Market (by End-Use Sectors), $Million, 2022-2031
Table 30:    Mexico Green Ammonia Market (by Production Technologies), Kilo Tons, 2022-2031
Table 31:    Mexico Green Ammonia Market (by Production Technologies), $Million, 2022-2031
Table 32:    Europe Green Ammonia Market (by End-Use Sectors), Kilo Tons, 2022-2031
Table 33:    Europe Green Ammonia Market (by End-Use Sectors), $Million, 2022-2031
Table 34:    Europe Green Ammonia Market (by Production Technologies), Kilo Tons, 2022-2031
Table 35:    Europe Green Ammonia Market (by Production Technologies), $Million, 2022-2031
Table 36:    Germany Green Ammonia Market (by End-Use Sectors), Kilo Tons, 2022-2031
Table 37:    Germany Green Ammonia Market (by End-Use Sectors), $Million, 2022-2031
Table 38:    Germany Green Ammonia Market (by Production Technologies), Kilo Tons, 2022-2031
Table 39:    Germany Green Ammonia Market (by Production Technologies), $Million, 2022-2031
Table 40:    France Green Ammonia Market (by End-Use Sectors), Kilo Tons, 2022-2031
Table 41:    France Green Ammonia Market (by End-Use Sectors), $Million, 2022-2031
Table 42:    France Green Ammonia Market (by Production Technologies), Kilo Tons, 2022-2031
Table 43:    France Green Ammonia Market (by Production Technologies), $Million, 2022-2031
Table 44:    Italy Green Ammonia Market (by End-Use Sectors), Kilo Tons, 2022-2031
Table 45:    Italy Green Ammonia Market (by End-Use Sectors), $Million, 2022-2031
Table 46:    Italy Green Ammonia Market (by Production Technologies), Kilo Tons, 2022-2031
Table 47:    Italy Green Ammonia Market (by Production Technologies), $Million, 2022-2031
Table 48:    Spain Green Ammonia Market (by End-Use Sectors), Kilo Tons, 2022-2031
Table 49:    Spain Green Ammonia Market (by End-Use Sectors), $Million, 2022-2031
Table 50:    Spain Green Ammonia Market (by Production Technologies), Kilo Tons, 2022-2031
Table 51:    Spain Green Ammonia Market (by Production Technologies), $Million, 2022-2031
Table 52:    Rest of Europe Green Ammonia Market (by End-Use Sectors), Kilo Tons, 2022-2031
Table 53:    Rest of Europe Green Ammonia Market (by End-Use Sectors), $Million, 2022-2031
Table 54:    Rest of Europe Green Ammonia Market (by Production Technologies), Kilo Tons, 2022-2031
Table 55:    Rest of Europe Green Ammonia Market (by Production Technologies), $Million, 2022-2031
Table 56:    U.K. Green Ammonia Market (by End-Use Sectors), Kilo Tons, 2022-2031
Table 57:    U.K. Green Ammonia Market (by End-Use Sectors), $Million, 2022-2031
Table 58:    U.K. Green Ammonia Market (by Production Technologies), Kilo Tons, 2022-2031
Table 59:    U.K. Green Ammonia Market (by Production Technologies), $Million, 2022-2031
Table 60:    China Green Ammonia Market (by End-Use Sectors), Kilo Tons, 2022-2031
Table 61:    China Green Ammonia Market (by End-Use Sectors), $Million, 2022-2031
Table 62:    China Green Ammonia Market (by Production Technologies), Kilo Tons, 2022-2031
Table 63:    China Green Ammonia Market (by Production Technologies), $Million, 2022-2031
Table 64:    Asia-Pacific and Japan Green Ammonia Market (by End-Use Sectors), Kilo Tons, 2022-2031
Table 65:    Asia-Pacific and Japan Green Ammonia Market (by End-Use Sectors), $Million, 2022-2031
Table 66:    Asia-Pacific Green Ammonia Market (by Production Technologies), Kilo Tons, 2022-2031
Table 67:    Asia-Pacific Green Ammonia Market (by Production Technologies), $Million, 2022-2031
Table 68:    Japan Green Ammonia Market (by End-Use Sectors), Kilo Tons, 2022-2031
Table 69:    Japan Green Ammonia Market (by End-Use Sectors), $Million, 2022-2031
Table 70:    Japan Green Ammonia Market (by Production Technologies), Kilo Tons, 2022-2031
Table 71:    Japan Green Ammonia Market (by Production Technologies), $Million, 2022-2031
Table 72:    South Korea Green Ammonia Market (by End-Use Sectors), Kilo Tons, 2022-2031
Table 73:    South Korea Green Ammonia Market (by End-Use Sectors), $Million, 2022-2031
Table 74:    South Korea Green Ammonia Market (by Production Technologies), Kilo Tons, 2022-2031
Table 75:    South Korea Green Ammonia Market (by Production Technologies), $Million, 2022-2031
Table 76:    India Green Ammonia Market (by End-Use Sectors), Kilo Tons, 2022-2031
Table 77:    India Green Ammonia Market (by End-Use Sectors), $Million, 2022-2031
Table 78:    India Green Ammonia Market (by Production Technologies), Kilo Tons, 2022-2031
Table 79:    India Green Ammonia Market (by Production Technologies), $Million, 2022-2031
Table 80:    Australia Green Ammonia Market (by End-Use Sectors), Kilo Tons, 2022-2031
Table 81:    Australia Green Ammonia Market (by End-Use Sectors), $Million, 2022-2031
Table 82:    Australia Green Ammonia Market (by Production Technologies), Kilo Tons, 2022-2031
Table 83:    Australia Green Ammonia Market (by Production Technologies), $Million, 2022-2031
Table 84:    Rest of Asia-Pacific Green Ammonia Market (by End-Use Sectors), Kilo Tons, 2022-2031
Table 85:    Rest of Asia-Pacific Green Ammonia Market (by End-Use Sectors), $Million, 2022-2031
Table 86:    Rest of Asia-Pacific Green Ammonia Market (by Production Technologies), Kilo Tons, 2022-2031
Table 87:    Rest of Asia-Pacific Green Ammonia Market (by Production Technologies), $Million, 2022-2031
Table 88:    Rest of World Green Ammonia Market (by End-Use Sectors), Kilo Tons, 2022-2031
Table 89:    Rest of World Green Ammonia Market (by End-Use Sectors), $Million, 2022-2031
Table 90:    Rest of World Green Ammonia Market (by Production Technologies), Kilo Tons, 2022-2031
Table 91:    Rest of World Green Ammonia Market (by Production Technologies), $Million, 2022-2031
Table 92:    Middle East and Africa Green Ammonia Market (by End-Use Sectors), Kilo Tons, 2022-2031
Table 93:    Middle East and Africa Green Ammonia Market (by End-Use Sectors), $Million, 2022-2031
Table 94:    Middle East and Africa Green Ammonia Market (by Production Technologies), Kilo Tons, 2022-2031
Table 95:    Middle East and Africa Green Ammonia Market (by Production Technologies), $Million, 2022-2031
Table 96:    South America Green Ammonia Market (by End-Use Sectors), Kilo Tons, 2022-2031
Table 97:    South America Green Ammonia Market (by End-Use Sectors), $Million, 2022-2031
Table 98:    South America Green Ammonia Market (by Production Technologies), Kilo Tons, 2022-2031
Table 99:    South America Green Ammonia Market (by Production Technologies), $Million, 2022-2031
Table 100:    Product Matrix for Key Companies
Table 101:    Market Share of Key Companies (2026)

Figure 1:    Global Green Ammonia Market, $Million, 2022, 2024, and 2031
Figure 2:    Global Green Ammonia Market (by End-Use Sectors), $Million, 2023 and 2031
Figure 3:    Global Green Ammonia Market (by Production Technologies), $Million, 2023 and 2031
Figure 4:    Global Green Ammonia Market (by Region), $Million, 2023 and 2031
Figure 5:    Global Green Ammonia Market Coverage
Figure 6:    Supply Chain Analysis of Green Ammonia Market
Figure 7:    Product Benchmarking
Figure 8:    Total Year-Wise Patents Filed for Global Green Ammonia Market, January 2019-December 2021
Figure 9:    Patent Analysis (by Status), January 2019-December 2021
Figure 10:    Research Methodology
Figure 11:    Top-Down and Bottom-Up Approach
Figure 12:    Green Ammonia Market Influencing Factors
Figure 13:    Assumptions and Limitations

Market Report Coverage

Green Ammonia Market

Base Year

2022

Market Size in 2022

$3.5 Million

Forecast Period

2024-2031

Value Projection and Estimation by 2031

$18,801.0 Million

CAGR During Forecast Period

23.2%

Number of Tables

101

Number of Pages

189

Number of Figures

13

 

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts, analyzing company coverage, product portfolio, and market penetration.

Some of the prominent established names in this market are:

•    Aker Clean Hydrogen
•    CF Industries Holdings, Inc.
•    Air Products Inc.
•    Haldor Topsor A/S
•    Fusion-Fuel
•    HY2GEN AG
•    Eneus Energy Limited
•    Hive Energy
•    Siemens Energy
•    H2U Technologies, Inc.
•    Fertiglobe
•    ACME Group
•    Enaex Energy
•    Dyno Nobel
•    Origin Energy Limited
•    Yara International ASA
•    Iberdrola, S.A.
•    Ballance Agri-Nutrients

How Can This Report Add Value to an Organization?

Product/Innovation Strategy: The product segment helps the reader understand the different technologies involved in green ammonia production, including alkaline water electrolysis (AWE), proton exchange membrane (PEM), and solid oxide electrolysis (SOE). Moreover, the study provides the reader with a detailed understanding of the different green ammonia by end-use sectors (power generation and energy storage, agriculture, transportation, industrial feedstock, and others). Green ammonia is fuel for the future and has a high potential to grow in the future.

Growth/Marketing Strategy: The global green ammonia market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint ventures. The favored strategy for the companies has been business expansion and partnership to strengthen their position in the green ammonia market. For instance, in October 2021, Scatec ASA, a leading renewable power producer, entered into a partnership agreement with Fertiglobe to jointly produce a 50-100 MW green hydrogen site, which would be further used as a feedstock for green ammonia production.

Competitive Strategy: Key players in the global green ammonia market analyzed and profiled in the study involve green ammonia manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the global green ammonia market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Industry & Technology Overview

Global Green Ammonia Market Industry Overview

The demand for green ammonia is anticipated to grow with increasingly stringent carbon emission regulations and zero-carbon energy goals. Also, there is increasing cognizance that ensures energy security from low-carbon intermittent sources, which requires long-term sustainable energy storage and the identification of suitable carriers. Moreover, continuously decreasing the cost of hydrogen production through electrolysis is another factor to spur the demand for green ammonia during the forecast period (2024-2031). However, the higher installation cost for the integrated infrastructure of green ammonia is anticipated to hinder market growth in the upcoming future.

Market Lifecycle Stage

The green ammonia market is still in the development phase. Increased research and development activities are underway to develop green ammonia, which is expected to increase due to rising public concern and government regulations related to carbon emissions and the protection of environmental health.

Moreover, green ammonia has the potential to make a significant impact by decreasing global dependence on fossil fuels and contributing to the reduction of greenhouse gas emissions.

Figure: Global Green Ammonia Market , $Million, 2022, 2024, and 2031

Green Ammonia Market

Industrial Impact

• With an increased worldwide focus on achieving net-zero carbon emissions, the shift to green, eco-friendly, sustainable technologies brings significant sales and financing opportunities. This shift was prominently experienced in regions such as North America, Europe, and some Asian countries.
• Furthermore, green ammonia has a low to moderate impact on the fertilizer and transportation fuel industry; however, in the upcoming future, with increased production of green ammonia, the impact is anticipated to increase.

Impact of COVID-19

Since the green ammonia is not much commercialized, the impact of COVID-19 on the global market has been negligible. Moreover, the rise in the trend of sustainability is expected to positively affect the growth of the market in the next 10 years, as green ammonia is produced using sustainable technologies. Also, the consumption of green ammonia is expected to increase post-COVID-19 pandemic as the planned projects come online.

Market Segmentation

Segmentation 1: by End-Use Sector
•    Power Generation and Energy Storage
•    Agriculture
•    Transportation
•    Industrial Feedstock
•    Others

The global green ammonia market in the application segment is expected to be dominated by the agriculture industry.

Segmentation 2: by Production Technology
•    Alkaline Water Electrolysis (AWE)
•    Proton Exchange Membrane (PEM)
•    Solid Oxide Electrolysis (SOE)

The global green ammonia market is estimated to be led by by solid oxide electrolysis in terms of production technology.

Segmentation 3: by Region
•    North America - U.S., Canada, and Mexico
•    Europe - Germany, France, Italy, Spain, and Rest-of-Europe
•    China
•    U.K.
•    Asia-Pacific and Japan - Japan, India, South Korea, Australia, and Rest-of-Asia- Pacific 
•    Rest-of-the-World

In the global green ammonia market, Europe and North America are anticipated to gain traction in terms of green ammonia production owing to the R&D advancements and supporting government regulations in the regions.

Recent Developments in Global Green Ammonia Market

•    In March 2021, ACME Group of India, a solar power producing company, signed an agreement with the Oman company, Tatweer, to initiate a production facility of green ammonia located in Duqm, Oman.
•  In March 2022, ACME Group of India, a solar power producing company, signed a joint venture agreement with Norway-based company, Scatec ASA, to initiate a production facility of green ammonia in the sultanate of Oman, with an annual production capacity of around 100,000 tons. 
•    In May 2021, Khalifa Industrial Zone Abu Dhabi (KIZAD) announced to strategically build a green ammonia plant with an annual production capacity of around 200,000 tons. 
•    In December 2020, Haldor Topsoe, a carbon reduction technology specialist, Skovgaard Invest, a Danish renewable energy developer, and Vestas, a wind turbine manufacturer, announced the building of a green ammonia production plant in Western Jutland, Denmark.
•    In February 2021, Copenhagen Infrastructure Partners and A.P. Moller – Maersk announced their strategic plans for the development of Europe’s largest green ammonia production facility in Esbjerg, Denmark. 
•    In July 2021, Fusion-Fuel, based in Ireland, and Consolidated Contractors Group, a global construction company, announced the building of a new green ammonia project, ‘Hevo Ammonia Project’ in Morocco.

Demand – Drivers and Limitations

Following are the demand drivers for the green ammonia market:

•    Increased Consumer Awareness and Preference Toward Sustainable Products
•    Increased Investment in Green Ammonia Production
•    Stringent Rules and Regulations Related to Carbon Emissions

The market is expected to face some limitations due to the following challenges:

•    Limited Commercialization of Green Ammonia
•    High Production Cost

Analyst Thoughts

According to Prasad Gade, Research Analyst, BIS Research, "Green ammonia is the better replacement for traditionally manufactured ammonia as it is highly sustainable. Growing shift toward environment-friendly products, services, and rise in the demand for efficient energy storage alternatives is one of the key factors behind the market growth.”

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