Green Ammonia Market is predicted to reach USD ~39.9 billion at a CAGR of ~73.50% during the forecast period

Market Research Future (MRFR) has half published  on the “Global Green Ammonia Market”

MRFR recognizes the following companies as the key players in the global green ammonia market— Siemens AG, NEL ASA, ThyssenKrupp, ITM Power, CF Industries Holdings, Inc., Ballard Power Systems, AMMPower Corp, FUELPOSITIVE Corporation, Haldor Topsoe, Uniper, Hyport Duqm, Enapter, Starfire Energy, Engie, BASF SE, Yara International, Hiringa Energy, Queensland Nitrates Pty Ltd.

Green Ammonia Market Highlights

The global green ammonia market is accounted to register a CAGR of 73.50% during the forecast period and is estimated to reach USD 39.9 billion by 2032.

Green ammonia is made from hydrogen produced by water electrolysis using alternative energy, and it is developing as a possible energy carrier for a range of applications as the cost of creating renewable energy falls dramatically. Ammonia is mostly used as a fertiliser in agriculture, a field whose environmental impact is being scrutinised. Green Ammonia manufacturing is becoming more popular as the need for entirely renewable and carbon-free processes grows.

The number of green hydrogen projects is growing as more nations focus their investments on the development of a hydrogen-based economy. The potential for longer-term reuse of carbon-free hydrogen in the production of green ammonia is anticipated to grow as a result of investments in hydrogen infrastructure. Additionally, the move towards zero-carbon through decarbonization is anticipated to spur the use of green ammonia, which is anticipated to promote the growth of the global green ammonia market.

Segment Analysis

The global green ammonia market has been segmented based gasifier technology and gasifier application.

On the basis of gasifier technology, the market is segmented into Alkaline Water Electrolysis, Proton Exchange Membrane Electrolysis and Solid Oxide Electrolysis. The proton exchange membrane electrolysis segment was attributed to holding the largest market share in 2022.

Based on gasifier application, the global green ammonia market has been segmented into Power Generation, Transportation and Industrial Feedstocks. The transportation segment was expected to hold the largest market share in 2022.

Regional Analysis

The global green ammonia market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe green ammonia market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The green ammonia market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World green ammonia market comprises of Middle East, Africa, and Latin America.

The largest market share for green ammonia was maintained by the North American regional sector. This increase is attributed to expanding research and development for hydrogen generation and the adoption of electric vehicles in the area. Additional factors promoting market growth include increased investor investments, government support, and the viability of the technology in the area. The implementation of stringent rules, the growing trend of using green fertilisers, and the considerable presence of significant technology providers and major production companies all have an impact on the U.S. market.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for green ammonia is driven by rising environmental consciousness and the establishment of strict environmental legislation. The market expansion is supported by an increase in the deployment of fuel cell projects as a result of a rise in consumer preference for using sustainable energy sources.

Additionally, due to the increasing emphasis placed on green energy and carbon emission reduction by government bodies through policies and initiatives, Asia Pacific is anticipated to experience the quickest growth over the forecast period. For instance, the Indian government claimed that it will increase the country's electric vehicle sales through the provision of subsidies. The Asia Pacific market will benefit from a growing emphasis on environmentally friendly energy sources.

Furthermore, the rest of the world's green ammonia market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of electric vehicles and hydrogen production research and development. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.

Key Findings of the Study

• The global green ammonia market is expected to reach USD 324.7 billion by 2032, at a CAGR of 73.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the increasing emphasis placed on green energy and carbon emission reduction by government bodies through policies and initiatives


• Based on gasifier application, the transportation segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.


• Siemens AG, NEL ASA, ThyssenKrupp, ITM Power, CF Industries Holdings, Inc., Ballard Power Systems, AMMPower Corp, FUELPOSITIVE Corporation, Haldor Topsoe, Uniper, Hyport Duqm, Enapter, Starfire Energy, Engie, BASF SE, Yara International, Hiringa Energy, Queensland Nitrates Pty Ltd.