North America Green Ammonia Market Size was valued at USD 0.3 Billion in 2022. The green ammonia industry is projected to grow from USD 0.7 Billion in 2023 to USD 60.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 75.80% during the forecast period (2023 - 2032). The growing preference for renewable energy sources for power generation and transportation fuel is one of the major market driver driving the growth of the market for North American green ammonia.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The global search for sustainable substitutes for conventional energy sources is driving up demand for green ammonia as an energy storage solution. Green ammonia is a viable option for sustainable energy storage and transportation since it is created using a method that is fueled by renewable energy sources like solar or wind. In addition, green ammonia is a flexible energy carrier since it is easily transported and stored. Its liquid state allows for storage at very low temperatures and moderate pressures, which makes transit and storage more straightforward. Because of its adaptability, green ammonia can serve as a transport and storage medium for renewable energy by moving from locations with excess renewable energy to those with high energy demand. Furthermore, because it is easily transformed back into hydrogen when needed, green ammonia can be used as a clean hydrogen supply. This hydrogen's adaptability as an energy carrier is further enhanced by the fact that it may be used as clean fuel for a variety of industrial processes or in fuel cells to generate power. Green ammonia is a versatile chemical molecule with a wide range of commercial applications in addition to its energy storing potential. It can be utilized as a coolant in industrial operations, a feedstock for the production of chemicals, and fertilizer in agricultural applications. Its double utility raises its demand and financial feasibility, making it a desirable choice for environmentally friendly energy storage.
Growing environmental concerns and a move toward renewable energy sources are increasing the size of the global market for green ammonia. Robust environmental laws and state-led efforts to wean the nation off of fossil fuels should propel industry expansion. Demand is predicted to be driven by rising fertilizer use in agriculture to increase yield and produce higher-quality crops. Furthermore, the number of green hydrogen projects increases, supporting industry growth as more nations attempt to establish a hydrogen-based economy. A booming economy and rising demand for renewable energy storage are just two of the green ammonia market trends that are fostering industry development. Growth in the market is anticipated to be positively impacted over the projected period by increased R&D spending and technological advancements. Moreover, market expansion is anticipated due to the growing usage of green ammonia in the transportation industry. Thus, driving the green ammonia market revenue.
The North America 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. This is explained by the increased public awareness of the benefits of the technology, which has great electric efficiency (over 90%) and large current densities at low voltages. Furthermore, encouraging government funding for the production of clean and green energy as well as further research and development on fuel cell concepts may spur demand for the product.
Figure 1: North America Green Ammonia Market, by Gasifier Technology, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The North America Green Ammonia market segmentation, based on application, includes Power Generation, Transportation, and Industrial Feedstocks. The transportation category generated the most income. The usage of green ammonia in transportation applications is contingent upon performance metrics, including driving range, fuel tank compactness, system efficacy, and cost per kilometer. In transportation applications, efficiency is calculated taking into account the cooling impact of green ammonia.
North America is the region that uses the most green ammonia, mostly for transportation, power generation, and agriculture. The United States' growing population boosted the demand for food, which in turn drove the growth of the agriculture industry. It increased the region's use of green ammonia even more. Furthermore, one of the main industries in the US is agriculture. The expansion of the American agriculture sector is being driven by the rising demand for maize, cereals, and other corn products on a worldwide scale. There were more than 2 million farms in the world in 2021. Additionally, the rise in growth is credited to the region's adoption of electric vehicles and increased research and development for hydrogen generation. In addition, the market is growing due to government backing, increased investor involvement, and the viability of the technology in the area.
Figure 2: NORTH AMERICA green ammonia MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
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 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.
Major players in the green ammonia market are attempting to increase market demand by investing in research and development operations includes Casale SA, EXYTRON GmbH, Green Hydrogen Systems, McPhy Energy, Nanjing Kopsom Engineering Ltd., NEL Hydrogen, MAN Energy Solutions, ITM Power, Siemens, ThyssenKrupp AG, Technip Energies NV, and Yara International.
October 2022: To meet the growing demand for sustainable energy and fertilizers worldwide, KBR, a global provider of engineering and technology solutions, announced a new technology that can manufacture 10,000 metric tons of green and blue ammonia each day. In order to enable owners to supply clean ammonia and hydrogen for energy transition in a dependable, adaptable, and scalable manner, the company has integrated cutting-edge digital technologies with its experience in capacity scale-up. It is anticipated that clients will benefit economically from KBR's new technology, allowing them to reap significant returns on their low-carbon hydrogen investments.
May 2022: LSB Industries, Inc. said that it has signed contracts with Bloom Energy and thyssenkrupp Uhde USA, LLC to establish a project to manufacture about 30,000 metric tons of green ammonia, or zero-carbon ammonia, annually at LSB's facility in Pryor, Oklahoma.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 0.3 Billion |
| Market Size 2023 | USD 0.7 Billion |
| Market Size 2032 | USD 60.9 Billion |
| Compound Annual Growth Rate (CAGR) | 75.80% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Gasifier Technology, Application, and Region |
| Region Covered | North America |
| Countries Covered | The US, Canada, Mexico, and Rest of North America |
| Key Companies Profiled | Casale SA, EXYTRON GmbH, Green Hydrogen Systems, McPhy Energy, Nanjing Kopsom Engineering Ltd., NEL Hydrogen, MAN Energy Solutions, ITM Power, Siemens, ThyssenKrupp AG, Technip Energies NV, and Yara International |
| Key Market Opportunities | ·      Greater demand for environmentally friendly fertilizers due to an increase in farming output·      Growing emphasis on developing an economy based on hydrogen |
| Key Market Dynamics | ·      Escalating concerns about climate change and the requirement to cut greenhouse gas emissions·      Growing need for energy storage technologies and clean energy |
Frequently Asked Questions (FAQ) :
The North America Green Ammonia market size was valued at USD 0.3 Billion in 2022.
The market is projected to grow at a CAGR of 75.80% during the forecast period, 2023-2032.
The key players in the market are Casale SA, EXYTRON GmbH, Green Hydrogen Systems, McPhy Energy, Nanjing Kopsom Engineering Ltd., NEL Hydrogen, MAN Energy Solutions, ITM Power, Siemens, ThyssenKrupp AG, Technip Energies NV, and Yara International.
The proton exchange membrane electrolysis category dominated the market in 2022.
The transportation category had the largest share in the market.
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