Segmentation - Green Ammonia Market

Global green ammonia market is estimated to be valued at USD 1.48 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 70.3% from 2024 to 2031. The global green ammonia market has been gaining significant traction in recent years, primarily driven by the increasing focus on developing carbon-free fuels to transition to a greener economy. Green ammonia refers to ammonia produced from renewable energy sources like solar, wind and biomass, and represents a promising carbon-free hydrogen carrier and fuel. With growing policy support for the production and use of clean energy alternatives, many companies across different industry verticals have been making investments in green ammonia projects. The development of green ammonia infrastructure can play a vital role in the deep decarbonization of hard-to-abate sectors like shipping, fertilizer production, power generation, and industrial feedstock. As concerns around climate change intensify globally, the market is expected to witness rapid growth over the coming years.

Market Dynamics:

The global green ammonia market is primarily driven by the rising focus of governments and companies on developing carbon neutral fuels to reduce greenhouse gas emissions. Major drivers boosting the green ammonia market include growing the implementation of supportive policies and regulations regarding decarbonization of industries, availability of renewable energy resources, and investments in green hydrogen projects. However, high capital costs involved in the production of green ammonia compared to conventional grey ammonia is a major challenge. Moreover, lack of infrastructure for storage and transport is restraining the market growth. On the positive side, increasing R&D towards improving the efficiency of electrolysis technology and developing large scale projects present key opportunities for market expansion.

Key Features of the Study:

This report provides in-depth analysis of the global green ammonia market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global green ammonia market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Yara International, Siemens Energy, CF Industries, Haldor Topsøe, Nutrien, Air Products and Chemicals, Mitsubishi Heavy Industries, BASF, IHI Corporation, OCI Nitrogen, H2U, Green ammonia Technologies, EnviTec Biogas AG, Linde, thyssenkrupp, Acron Group, BayoTech, Amonix, RWE AG, and Fertiglobe
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global green ammonia market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global green ammonia market

Detailed Segmentation-

By Technology Insights (Revenue, USD Bn, 2019 - 2031)
- Electrolysis
- Biomass Gasification
- Methane Pyrolysis
- Others
By Application Insights (Revenue, USD Bn, 2019 - 2031)
- Fertilizers
- Energy Storage
- Fuel Cells
- Others
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
  - U.S.
  - Canada
- Latin America
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
- Europe
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
- Asia Pacific
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
- Middle East
  - GCC Countries
  - Israel
  - Rest of Middle East
- Africa
  - South Africa
  - North Africa
  - Central Africa
Key Players Insights
- Yara International
- Siemens Energy
- CF Industries
- Haldor Topsøe
- Nutrien
- Air Products and Chemicals
- Mitsubishi Heavy Industries
- BASF
- IHI Corporation
- OCI Nitrogen
- H2U
- Green ammonia Technologies
- EnviTec Biogas AG
- Linde
- thyssenkrupp
- Acron Group
- BayoTech
- Amonix
- RWE AG
- Fertiglobe

Detailed Segmentation-

By Technology Insights (Revenue, USD Bn, 2019 - 2031)
- Electrolysis
- Biomass Gasification
- Methane Pyrolysis
- Others
By Application Insights (Revenue, USD Bn, 2019 - 2031)
- Fertilizers
- Energy Storage
- Fuel Cells
- Others
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
  - U.S.
  - Canada
- Latin America
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
- Europe
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
- Asia Pacific
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
- Middle East
  - GCC Countries
  - Israel
  - Rest of Middle East
- Africa
  - South Africa
  - North Africa
  - Central Africa

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