Green Ammonia Market Size was valued at USD 1.57 billion in 2024. The green ammonia industry is projected to grow from USD 2.72 billion in 2025 to USD 387.33 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 73.50% during the forecast period (2025 - 2034). The market has grown over the projection period as a result of many key market drivers, including an increase in green hydrogen projects, rising investment in the hydrogen-based economy, and rising demand for green ammonia in the agriculture and power generating sectors.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Growing agricultural productivity, notably in Asia and Africa, is driving up fertiliser demand on a global scale. The Food and Agriculture Organisation reports that overall fertiliser usage rose 5.4% from 2021 to 2022 year over year, with additional increases anticipated in the future. But the increasing use of chemical pesticides and fertilisers has decreased soil quality, necessitating the development of sustainable agriculture solutions. To meet this need, chemical manufacturers are converting to eco-friendly and sustainable goods, such green ammonia. Sales of green ammonia are anticipated to increase dramatically as a result of this trend. Additionally, since fertilisers, such as ammonia, are an essential component of the green ammonia production process, an increase in the demand for fertilisers is expected to result in a significant rise in ammonia consumption. At first, only a select few customers could be able to pay the higher price of green ammonia. However, when this sustainable option gains greater traction in the market, more consumers might start to use it. Long-term, this would result in widespread use of green ammonia in the industrial and fertiliser markets, which would fuel the expansion of the green ammonia market CAGR globally.
Since ammonia has a far higher energy density compared to its volume than liquid hydrogen does, it can transfer much greater amounts of energy in a less amount of space. Ammonia may be stored and transported more conveniently because it liquefies at -33 °C. The need for intense cooling while transporting liquid hydrogen, on the other hand, necessitates up to an additional 40% of the energy content. As a result, green ammonia transport is not only more convenient than green hydrogen, but also safer and more economical. Ammonia as a marine fuel is currently being tested in a number of projects. By 2024, Yara hopes to supply an upgraded North Sea supply ship with ammonia for use as a marine fuel. A viable alternative to tamoxifen is the export of renewable green energy from rural places with abundant wind, sun, or geothermal energy to larger urban centers. In the long run, renewable ammonia is probably going to replace fossil fuel ammonia as the primary fuel for shipping renewable energy across continents because of all these advantageous factors. Thus, driving the green ammonia market revenue.
The Green Ammonia Market segmentation, based on gasifier technology includes Alkaline Water Electrolysis, Proton Exchange Membrane Electrolysis and Solid Oxide Electrolysis. The proton exchange membrane electrolysis segment dominated the market. The reason for this is because people are becoming more aware of the benefits of this technology, which has an electric efficiency of above 90% and large current densities at low voltages. Favourable government incentives for the generation of green and clean energy as well as enhanced R&D on fuel cell technologies can also boost product demand.
The Green Ammonia Market segmentation, based on gasifier application, includes Power Generation, Transportation and Industrial Feedstocks. The transportation category generated the most income. The worldwide fuel energy crisis, which has fueled the need for green fuel, is to blame for its large share. Renewable sources, including green ammonia and others, are replacing conventional ones. These sources generate fuel that is clean, effective, and environmentally benign. Global attention is being given to issues like environmental preservation and carbon emissions.
Figure 1: Green Ammonia Market, by Gasifier Application, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American green ammonia market area will dominate this market. The adoption of electric vehicles in the area and increased R&D for hydrogen production are credited with this surge. In addition, market expansion is being fueled by government assistance, increasing investor involvement, and the viability of the technology in the area.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: GREEN AMMONIA MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Green ammonia Market is expected to grow at the fastest CAGR from 2023 to 2032. Due to the increasing use of technical improvements, the product is in high demand in Spain and Germany. With the industry becoming more concentrated, Europe is home to numerous ammonia production facilities and offers booming potential for manufacturers. Further, the German green ammonia market held the largest market share, and the Spain green ammonia market was the fastest growing market in the European region
Asia Pacific green ammonia market accounts for the second-largest market share. This is a result of government policies and programmes that aim to cut carbon emissions and promote renewable energy. For instance, the Indian government has offered subsidies to encourage the usage of electric cars there. Moreover, China’s green ammonia market held the largest market share, and the Indian green ammonia market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the green ammonia market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, green ammonia industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global green ammonia industry to benefit clients and increase the market sector. In recent years, the green ammonia industry has offered some of the most significant advantages. Major players in the green ammonia market are attempting to increase market demand by investing in research and development operations are 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.
The industrial group ThyssenKrupp AG (ThyssenKrupp) was founded. Automobile, building, steel, and related processing, energy and utilities, public sector, packaging, trading, engineering, and other customer sectors are among its business segments. Steel goods, component technology solutions, maritime systems, supply chain management, and automation solutions for automotive OEMs are among the services offered by the business. ThyssenKrupp also offers services for industrial systems and plants and acts as a partner in engineering and construction. In August 2021, Thyssenkrupp AG and Helios, a business based in the United Arab Emirates, have a contract for the construction of a plant to produce green hydrogen and green ammonia using the latter's patented technology.
ITM Power Plc (ITM Power) is a manufacturer and designer of hydrogen energy systems for the production of clean fuels and energy storage. The business creates tools to transform renewable energy into a clean fuel that can be stored for use in transportation, industry, and household uses, as well as a variety of materials that help lower the cost of hydrogen generation. Electrolysis equipment and hydrogen storage systems are sold by ITM Power, which also develops and produces prototype items. In April 2020, the UK government awarded ITM Energy a project to create green hydrogen production methods employing 100 MW electrolyzers.
In January of 2024, Yara International declared its intentions to increase its green ammonia production in Norway. The company intends to modernize their current facilities and seize opportunities to capture renewable energy to produce low carbon fertilizers and more for industrial uses. This expansion is part of Yara’s initiatives to cut emissions and increase sustainable agriculture.
In December of 2023 CF Industries Holdings, Inc. entered a large agreement with another renewable energy company to construct a green ammonia facility in the United States. The plant is expected to harness carbon-free ammonia utilizing wind and solar powered electrolyzers, thereby fulfilling the increased demand in the shipping and power generation fuels.
In November of 2023 Siemens Energy partnered with Linde Engineering to develop a new method of producing green ammonia to help reduce the cost of production. The companies said that the focus of the project is combining modern electrolysis with nitrogen separation to achieve increased clarity in green ammonia production.
In August 2023, Thyssenkrupp Uhde revealed the adoption of a new modular green ammonia production system with renewable energy-powered modular electrolyzers. The system is intended for remote regions with high solar and wind energy potential to enable the production of ammonia in an off grid decentralised manner.
In July 2023, LSB Industries Inc. entered into a contract with one well known renewable energy supplier to fabricate one of their ammonia plants in the Usa into a green ammonia plant. The company plans to shift from the traditional form of ammonia produced using fossil fuels toward a fully sustainable system within five years.
In June 2023 Iberdrola and Fertiberia announced their ambitions to enhance their production of green ammonia in Spain. The firms aim to provide low-emission ammonia to agriculture and transport industries, thus facilitating the European Union de-carbonization efforts.
Green Ammonia Gasifier Technology Outlook (USD Billion, 2018-2032)
Green Ammonia Gasifier Application Outlook (USD Billion, 2018-2032)
Green Ammonia Regional Outlook (USD Billion, 2018-2032)
North America
Europe
Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2024 | USD 1.57 billion |
| Market Size 2025 | USD 2.72Â billion |
| Market Size 2034 | USD 387.33 billion |
| Compound Annual Growth Rate (CAGR) | 73.50% (2025-2034) |
| Base Year | 2024 |
| Market Forecast Period | 2025-2034 |
| Historical Data | 2020- 2024 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Gasifier Technology, Gasifier Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | 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 |
| Key Market Opportunities | Increasing Need to Cut Greenhouse Gas Emissions |
| Key Market Dynamics | Increasing Use of Energy-Efficient Technologies |
Green Ammonia Market Highlights:
Frequently Asked Questions (FAQ) :
The Green Ammonia Market size was valued at USD 1.57 Billion in 2024.
The global market is projected to grow at a CAGR of 73.50% during the forecast period, 2025-2034.
North America had the largest share in the global market
The key players in the market are 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.
The proton exchange membrane electrolysis category dominated the market in 2024.
The transportation category had the largest share in the global market.
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