Green Ammonia Market

Green Ammonia Market by Technology (Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM), SOE), End-Use Application (Transportation, Power Generation, Industrial Feedstock (Industrial, Fertilizers)), Region - Global Forecast & Trends to 2030

Report Code: EP 7700 Jul, 2024, by marketsandmarkets.com

[272 Pages Report] The worldwide green ammonia market is expected to be worth USD 0.3 billion in 2024 and reach USD 6.2 billion by 2030, expanding at a CAGR of 66.0%. The market is being driven by demand from green chemical makers and the power-generating industry. Similarly, the global push for sustainable and low-carbon solutions will also propel the market growth.

Green Ammonia Market

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Green Ammonia Market  Opportunities

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Green Ammonia Market Dynamics

Driver: Rising agricultural productivity has led to an increase in the need for environmentally friendly fertilizers.

Fertilizer consumption is rising as worldwide agricultural production grows at a fast pace. According to the Food and Agriculture Organization, global fertilizer usage increased by 5.4% between 2021 and 2022. Furthermore, demand is likely to rise in the coming years, driven by growing agricultural production in Asia and Africa. The extensive use of chemical fertilizers and pesticides has significantly degraded soil conditions across the world. Because there is a great demand for agricultural methods that improve soil quality and minimize carbon emissions, the market for organic fertilizers is rapidly rising. This drives chemical manufacturers to transition to sustainable and environmentally friendly goods like green ammonia. Thus, green ammonia sales will rise since there is a growing need for environmentally friendly fertilizers that promote soil health and prevent pollution. With the growing need for fertilizers, ammonia use to make fertilizers is expected to rise significantly in coming years.

Restraints: High initial cost to establish a green ammonia plant

The capital-intensive nature of green ammonia plants is the primary impediment to the green ammonia market's expansion. A modern ammonia plant typically lasts between 15 and 20 years. The CAPEX expenses for each tonne of ammonia generated by a greenfield project generally vary between USD 1,300 and 2,000. However, green ammonia is 1.5 times more expensive than natural gas-powered ammonia factories. Unless the cost of renewable energy generation and electrolyzers falls further, general ammonia manufacturers would be unable to transition from traditional ammonia production to green ammonia production, stifling market expansion.

Opportunities: Potential of ammonia as a marine fuel

The shipping industry accounts for 3% of global greenhouse gas emissions, mostly due to the usage of diesel and high-sulfur fuel. Heavy fuel oil, generated as a byproduct of crude oil distillation, is the most common type of bunker oil used by ships. When this oil is coupled with a high sulfur content and burnt in the ship's engine, poisonous SOx are discharged into the air.

However, the marine industry must minimize emissions by converting to greener energy sources. The International Maritime Organization (IMO) 2020 standards have reduced the sulfur limit in carrying oil for use onboard ships operating outside of defined emission control areas to 0.5% m/m (mass by mass). This will result in a shift to higher-quality marine fuels, creating potential for companies in the green ammonia industry.

Challenges: Lack of Knowledge about green ammonia among chemical manufacturers

The development of green ammonia technology is still in its early phases. Electrochemical synthesis, photochemical synthesis, and chemical looping are ways for producing ammonia directly from water and nitrogen. Such techniques, however, present significant technological challenges that need time and R&D expenses. The vast majority of ammonia producers continue to use conventional procedures.

The main difficulty with green ammonia is that chemical makers do not have enough knowledge about it. The major chemical industries in China, Japan, and Russia continue to generate ammonia with natural gas steam methanation technology.

Green Ammonia Market Ecosystem

In this market, prominent companies stand out as well-established and financially stable providers of Green Ammonia. With years of experience, these companies boast a diverse product portfolio, cutting-edge technologies, and robust global sales and marketing networks. Their proven track record in the industry positions them as reliable and trusted partners for customers seeking Green Ammonias. These companies have demonstrated their ability to adapt to market dynamics and consistently deliver high-quality products and services, making them leaders in meeting the demands of the oil and gas sector. Prominent companies in this market include Siemens Energy (Germany), ACME Group (India), ThyssenKrupp AG (Germany), NEL ASA (Norway), and Yara (Norway) among others.

Top Companies in Green Ammonia Market

The SOEC Solid Oxide Electrolysis, by technology, is expected to be the fastest growing during the forecast period.

SOECs may include waste heat from industrial operations and other high-temperature sources. This integration increases total system efficiency and decreases the amount of energy required for hydrogen generation, making SOE a more appealing alternative for green ammonia production. In addition, because of its better efficiency, SOE technology uses less power per unit of hydrogen generated than low-temperature electrolysis techniques. This reduction in power use results in lower operational expenses, especially in areas with high electricity rates. Furthermore, SOE technology may be efficiently used with renewable energy sources like solar and wind to create green hydrogen and then green ammonia. The capacity to run efficiently with fluctuating renewable energy inputs aids in the transition to a sustainable energy system.

By end-use application, industrial feedstock is expected to be the fastest growing during the forecast period.

Industries are increasingly concerned with minimizing their carbon footprint and achieving legal requirements for lower emissions. Green ammonia, generated from renewable energy sources, is a carbon-neutral alternative to standard ammonia, making it an appealing feedstock for a variety of industrial chemical processes, including the manufacture of fertilizers, explosives, and polymers. The agriculture industry is a significant user of ammonia-based fertilizers. With increasing concerns about environmental sustainability and soil health, there is a movement to use green ammonia as a feedstock for making eco-friendly fertilizers. This move reduces agriculture's environmental effect and promotes sustainable farming techniques. Furthermore, green ammonia may be utilized to store extra renewable energy, which can later be transformed back into electricity or used as a feedstock in industrial operations.  This dual functionality facilitates energy storage solutions and grid stability, making green ammonia an appealing alternative for enterprises seeking to incorporate renewable energy into their processes.

“Europe: The largest region in the sustainable fuel market.”

Europe has made enormous investments in the infrastructure required to produce, store, and distribute green ammonia. The construction of pipelines, terminals, and storage facilities improves the scalability and logistics of green ammonia, allowing it to be widely adopted throughout the area. Furthermore, European nations have made significant pledges to increase the percentage of renewable energy in their energy mix. The availability of wind and solar resources in Europe offers a solid foundation for the creation of green hydrogen, which is subsequently converted into green ammonia. The combination of green ammonia with renewable energy sources helps to stabilize the system and store extra energy. Similarly, rising public knowledge and support for renewable energy and climate action are driving higher demand for green ammonia. The general public and stakeholders are campaigning for greener energy options, encouraging businesses and governments to incorporate green ammonia into their sustainability initiatives.

Europe Green Ammonia Market  Size, and Share

Key Market Players

The Green Ammonia market is dominated by a few major players that have a wide regional presence. The major players in the Green Ammonia market include Siemens Energy (Germany) , ACME (India), ThyssenKrupp AG (Germany), Nel ASA (Norway) , Iberdrola, S.A. (Spain), and Yara (Norway) among others. Between 2020 and 2024, Strategies such as new product launches, contracts, agreements, acquisitions, and expansions are followed by these companies to capture a larger share of the Green Ammonia market.

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Scope of the Report

Report Metric

Details

Market size available for years

2019–2030

Base year considered

2023

Forecast period

2024–2030

Forecast units

Value (USD Million) and Volume (Million Tons)

Segments Covered

Green Ammonia Market by technology, by capacity, by end-use, and region.

Geographies covered

Europe, Asia Pacific, North America, and Rest of the World

Companies covered

ACME Group (India), Yara (Norway), Siemens Energy (Germany), First Ammonia (US), Starfire Energy (US), ENGIE (France), CF Industries Holdings, Inc. (US), Uniper SE (Germany), Greenko Group (India), BASF SE (Germany), Allied Green Ammonia Pty Ltd (Australia), ThyssenKrupp AG (Germany), Nel ASA (Norway),  ITM Power (UK), Green Hydrogen Systems (Denmark), McPhy Energy S.A. (France), Cummins Inc. (US), Enapter S.r.l. (Italy), Topsoe (Denmark), FulePositive Corporation (Canada), Hygenco (India),  LONGi (China), Hiringa Energy Ltd (New Zealand),   Iberdrola, S.A. (Spain), and CEEC Global Ltd (China)

This research report categorizes the green ammonia market based on technology, capacity end user, and region.

On the basis of technology, the green ammonia market has been segmented as follows:
  • Alkaline Water Electrolysis
  • Proton Exchange Membrane
  • Solid Oxide Electrolysis
On the basis of capacity, the green ammonia market has been segmented as follows:
  • High
  • Medium
  • Low
On the basis of end-use, the green ammonia market has been segmented as follows:
  • Transportation
  • Power Generation
  • Industrial Feedstock
On the basis of region, the green ammonia market has been segmented as follows:
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Recent Developments

  • In May, 2024 Cepsa has chosen thyssenkrupp nucera as the preferred supplier for a 300-megawatt electrolyzer to be used in its new green hydrogen plant in Spain. This agreement was announced at the World Hydrogen Summit in Rotterdam. The electrolyzer will play a crucial role in the production of green hydrogen, supporting Cepsa's efforts to advance sustainable energy solutions
  • In October, 2023, DAI Infrastruktur has now joined forces with compatriot technology major Siemens Energy to develop its green ammonia project in East Port Said, Egypt. DAI’s project named Ra is planned to have a total production capacity of 2 million tons per annum (mtpa) of green ammonia, with an estimated start in 2028. Siemens will supply electrolysers, auxiliary plant systems and other equipment for the “hydrogen island” section of Project Ra. Both organisations will collaborate on engineering services during the project development stage.
  • In September 2023, OPAL Fuels signed a joint venture with South Jersey Industries, an energy infrastructure holding company, to develop, construct, own, and operate RNG facilities.
  • In August 2022, Uniper SE signed a Memorandum of Understanding with EverWind Fuels to purchase green ammonia from EverWind’s initial production facility in Nova Scotia. EverWind and Uniper intend to negotiate a binding offtake agreement for 500,000 tonnes of green ammonia per annum.
  • In January 2022, ITM Power contracted with YARA International, an EPC company. ITM Power provided a 24 MW electrolyzer to YARA International, which was agreed to be installed at a site operated by Yara Norge AS.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 26)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 INCLUSIONS AND EXCLUSIONS
           1.3.2 MARKETS COVERED
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 LIMITATIONS 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
    1.8 RECESSION IMPACT 
 
2 RESEARCH METHODOLOGY (Page No. - 32)
    2.1 RESEARCH APPROACH 
    2.2 DATA TRIANGULATION 
           2.2.1 PRIMARY AND SECONDARY RESEARCH
                    2.2.1.1 Secondary data
                    2.2.1.2 List of major secondary sources
                    2.2.1.3 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 List of primary interview participants
                    2.2.2.2 Key data from primary sources
                    2.2.2.3 Breakdown of primaries
    2.3 MARKET SIZE ESTIMATION METHODOLOGY 
           2.3.1 BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
    2.4 DEMAND-SIDE ANALYSIS 
           2.4.1 DEMAND-SIDE METRICS
                    2.4.1.1 Assumptions for demand-side analysis
                    2.4.1.2 Calculations for demand-side analysis
           2.4.2 SUPPLY-SIDE ANALYSIS
                    2.4.2.1 Assumptions for supply-side analysis
                    2.4.2.2 Calculations for supply-side analysis
           2.4.3 FORECAST
    2.5 RESEARCH LIMITATIONS 
    2.6 RISK ANALYSIS 
    2.7 IMPACT OF RECESSION ON MARKET 
 
3 EXECUTIVE SUMMARY (Page No. - 44)
 
4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN GREEN AMMONIA MARKET 
    4.2 GREEN AMMONIA MARKET, BY REGION 
    4.3 GREEN AMMONIA MARKET, BY TECHNOLOGY 
    4.4 GREEN AMMONIA MARKET, BY CAPACITY 
    4.5 GREEN AMMONIA MARKET, BY APPLICATION 
    4.6 GREEN AMMONIA MARKET IN EUROPE, BY APPLICATION AND COUNTRY 
 
5 MARKET OVERVIEW (Page No. - 52)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           5.2.1 DRIVERS
                    5.2.1.1 Need to store renewable energy for longer term
                    5.2.1.2 Regulatory policies and incentives to reduce GHG emissions
                    5.2.1.3 Increased need for eco-friendly fertilizers
           5.2.2 RESTRAINTS
                    5.2.2.1 High initial setup costs
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Potential of ammonia as maritime fuel
                    5.2.3.2 Increasing focus on building hydrogen-based economy
                    5.2.3.3 Plans to achieve net-zero and electrolyzers target
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of information about green ammonia among chemical manufacturers
                    5.2.4.2 Low level of technology readiness for use of ammonia as zero-carbon fertilizer, fuel, and energy storage
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PROVIDERS OF GREEN AMMONIA
    5.4 SUPPLY CHAIN ANALYSIS 
           5.4.1 TECHNOLOGY PROVIDERS
           5.4.2 PRODUCERS
           5.4.3 AMMONIA PLANT EPC COMPANIES
           5.4.4 END USERS
    5.5 ECOSYSTEM ANALYSIS 
    5.6 TECHNOLOGY ANALYSIS 
           5.6.1 KEY TECHNOLOGIES
                    5.6.1.1 Electrolyzer-based Haber-Bosch process
                    5.6.1.2 Proton exchange membrane electrolysis
                    5.6.1.3 Alkaline electrolysis
                    5.6.1.4 Solid oxide electrolysis
           5.6.2 COMPLEMENTARY TECHNOLOGY ANALYSIS
                    5.6.2.1 Electrochemical synthesis
                    5.6.2.2 Photochemical synthesis
                    5.6.2.3 Biomass with carbon capture and storage
    5.7 CASE STUDY ANALYSIS 
           5.7.1 DOWNSCALING HABER-BOSCH
                    5.7.1.1 Background
                    5.7.1.2 Challenges
                    5.7.1.3 Solution
           5.7.2 STORING AND TRANSPORTING RENEWABLE ENERGY
                    5.7.2.1 Background
                    5.7.2.2 Challenges
                    5.7.2.3 Solution
           5.7.3 DEVELOPING CARBON-FREE ENERGY SYSTEMS WITH GREEN AMMONIA
                    5.7.3.1 Background
                    5.7.3.2 Challenges
                    5.7.3.3 Solution
    5.8 PATENT ANALYSIS 
    5.9 TRADE ANALYSIS 
           5.9.1 HS CODE 2814
                    5.9.1.1 Export scenario
                    5.9.1.2 Import scenario
           5.9.2 HS CODE 280410
                    5.9.2.1 Export scenario
                    5.9.2.2 Import scenario
           5.9.3 HS CODE 280430
                    5.9.3.1 Export scenario
                    5.9.3.2 Import scenario
    5.1 PRICING ANALYSIS 
           5.10.1 AVERAGE LEVELIZED COST OF GREEN AMMONIA, BY REGION
           5.10.2 INDICATIVE PRICING ANALYSIS, BY TECHNOLOGY (USD)
    5.11 KEY CONFERENCES & EVENTS, 2024–2025 
    5.12 MARKET MAP 
    5.13 REGULATORY LANDSCAPE 
           5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.13.2 REGULATIONS
    5.14 PORTER'S FIVE FORCES ANALYSIS 
           5.14.1 THREAT OF SUBSTITUTES
           5.14.2 BARGAINING POWER OF SUPPLIERS
           5.14.3 BARGAINING POWER OF BUYERS
           5.14.4 THREAT OF NEW ENTRANTS
           5.14.5 INTENSITY OF COMPETITIVE RIVALRY
    5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
           5.15.2 BUYING CRITERIA
    5.16 INVESTMENT AND FUNDING SCENARIO 
 
6 KEY ELEMENTS IN GREEN AMMONIA PRODUCTION (Page No. - 86)
    6.1 NECESSARY ELEMENTS TO PRODUCE GREEN AMMONIA 
           6.1.1 POWER SOURCE
           6.1.2 ELECTROLYZERS
           6.1.3 HABER-BOSCH REACTORS
           6.1.4 AIR SEPARATION UNITS
           6.1.5 AMMONIA STORAGE UNITS
 
7 GREEN AMMONIA MARKET, BY TECHNOLOGY (Page No. - 89)
    7.1 INTRODUCTION 
    7.2 ALKALINE WATER ELECTROLYSIS 
           7.2.1 MATURITY AND COST-EFFECTIVENESS – KEY GROWTH DRIVERS
    7.3 PROTON EXCHANGE MEMBRANE ELECTROLYSIS 
           7.3.1 FLEXIBLE TECHNOLOGY FOR DYNAMIC AND INTERMITTENT RENEWABLE ENERGY SYSTEMS
    7.4 SOLID OXIDE ELECTROLYSIS 
           7.4.1 LOW DEMAND DUE TO INSTABILITY OF POWER SOURCES
 
8 GREEN AMMONIA MARKET, BY CAPACITY (Page No. - 95)
    8.1 INTRODUCTION 
    8.2 SMALL-SCALE 
           8.2.1 FLEXIBILITY AND LOWER CAPITAL INVESTMENT TO FUEL GROWTH
    8.3 MEDIUM-SCALE 
           8.3.1 RISING REGIONAL AND LOCAL DEMAND TO BOOST GROWTH
    8.4 LARGE-SCALE 
           8.4.1 EXTENSIVE PRODUCTION CAPACITY TO EXPEDITE GROWTH
 
9 GREEN AMMONIA MARKET, BY APPLICATION (Page No. - 98)
    9.1 INTRODUCTION 
    9.2 INDUSTRIAL FEEDSTOCK 
           9.2.1 FERTILIZERS
                    9.2.1.1 Wide-scale use of ammonia in production of agricultural fertilizers
           9.2.2 CHEMICAL, PHARMACEUTICAL, TEXTILE
                    9.2.2.1 Growing demand from industries for sustainability
    9.3 POWER GENERATION 
           9.3.1 CRUCIAL ROLE IN GAS TURBINES TO BOOST MARKET GROWTH
    9.4 TRANSPORTATION 
           9.4.1 INCREASING INVESTMENTS IN FUEL CELL PROJECTS TO DRIVE MARKET
 
10 GREEN AMMONIA MARKET, BY REGION (Page No. - 105)
     10.1 INTRODUCTION 
     10.2 EUROPE 
             10.2.1 RECESSION IMPACT: EUROPE
             10.2.2 EUROPE: MACRO FACTORS
                       10.2.2.1 Europe: Ammonia production
                       10.2.2.2 Europe: Hydrogen generation
                       10.2.2.3 Europe: Installed renewable capacity
                       10.2.2.4 Europe: Greenhouse gas emissions
             10.2.3 BY TECHNOLOGY
             10.2.4 BY APPLICATION
             10.2.5 BY COUNTRY
                       10.2.5.1 Germany
                                   10.2.5.1.1 Ongoing green ammonia projects to stimulate market growth
                                   10.2.5.1.2 Germany: Macro factors
                                   10.2.5.1.3 By application
                       10.2.5.2 UK
                                   10.2.5.2.1 Role of green ammonia in country's net-zero emission goal to boost production
                                   10.2.5.2.2 UK: Macro factors
                                   10.2.5.2.3 By application
                       10.2.5.3 Netherlands
                                   10.2.5.3.1 Favorable government policies and initiatives to drive market
                                   10.2.5.3.2 Netherlands: Macro factors
                                   10.2.5.3.3 By application
                       10.2.5.4 Denmark
                                   10.2.5.4.1 Investments in large-scale green ammonia projects to fuel market growth
                                   10.2.5.4.2 Denmark: Macro factors
                                   10.2.5.4.3 By application
                       10.2.5.5 Norway
                                   10.2.5.5.1 Need for carbon-free products in country to boost market growth
                                   10.2.5.5.2 Norway: Macro factors
                                   10.2.5.5.3 By application
                       10.2.5.6 Spain
                                   10.2.5.6.1 Significant growth in green ammonia projects due to excellent resources
                                   10.2.5.6.2 Spain: Macro factors
                                   10.2.5.6.3 By application
                       10.2.5.7 Rest of Europe
                                   10.2.5.7.1 Rest of Europe: Macro factors
                                   10.2.5.7.2 By application
     10.3 ASIA PACIFIC 
             10.3.1 RECESSION IMPACT: ASIA PACIFIC
             10.3.2 ASIA PACIFIC: MACRO FACTORS
                       10.3.2.1 Asia Pacific: Ammonia production
                       10.3.2.2 Asia Pacific: Hydrogen generation
                       10.3.2.3 Asia Pacific: Installed renewable capacity
                       10.3.2.4 Asia Pacific: Greenhouse gas emissions
             10.3.3 BY TECHNOLOGY
             10.3.4 BY APPLICATION
             10.3.5 BY COUNTRY
                       10.3.5.1 Australia
                                   10.3.5.1.1 Increasing focus on renewable energy production to drive market
                                   10.3.5.1.2 Australia: Macro factors
                                   10.3.5.1.3 By application
                       10.3.5.2 China
                                   10.3.5.2.1 Acceleration of green ammonia production in China to drive market growth
                                   10.3.5.2.2 China: Macro factors
                                   10.3.5.2.3 By application
                       10.3.5.3 Japan
                                   10.3.5.3.1 Favorable policies promoting use of green ammonia to support market growth
                                   10.3.5.3.2 Japan: Macro factors
                                   10.3.5.3.3 By application
                       10.3.5.4 New Zealand
                                   10.3.5.4.1 Innovations and subsidies for hydrogen and ammonia energy to boost market growth
                                   10.3.5.4.2 New Zealand: Macro factors
                                   10.3.5.4.3 By application
                       10.3.5.5 India
                                   10.3.5.5.1 Growing green ammonia consumption in mobility sector to propel market
                                   10.3.5.5.2 India: Macro factors
                                   10.3.5.5.3 By application
                       10.3.5.6 Rest of Asia Pacific
                                   10.3.5.6.1 Rest of Asia Pacific: Macro factors
                                   10.3.5.6.2 By application
     10.4 NORTH AMERICA 
             10.4.1 RECESSION IMPACT: NORTH AMERICA
             10.4.2 NORTH AMERICA: MACRO FACTORS
                       10.4.2.1 North America: Ammonia production
                       10.4.2.2 North America: Hydrogen generation
                       10.4.2.3 North America: Installed renewable capacity
                       10.4.2.4 North America: Greenhouse gas emissions
             10.4.3 BY TECHNOLOGY
             10.4.4 BY APPLICATION
             10.4.5 BY COUNTRY
                       10.4.5.1 US
                                   10.4.5.1.1 High demand for transportation fuel to boost market
                                   10.4.5.1.2 US: Macro factors
                                   10.4.5.1.3 By application
                       10.4.5.2 Canada
                                   10.4.5.2.1 Favorable policies promoting use of green ammonia to drive market
                                   10.4.5.2.2 Canada: Macro factors
                                   10.4.5.2.3 By application
                       10.4.5.3 Mexico
                                   10.4.5.3.1 Growing fertilizer market to boost demand for green ammonia
                                   10.4.5.3.2 Mexico: Macro factors
                                   10.4.5.3.3 By application
     10.5 REST OF THE WORLD 
             10.5.1 RECESSION IMPACT: ROW
             10.5.2 ROW: MACRO FACTORS
                       10.5.2.1 Ammonia production
                       10.5.2.2 Hydrogen generation
                       10.5.2.3 Installed renewable capacity
                       10.5.2.4 Greenhouse gas emissions
             10.5.3 BY COUNTRY
                       10.5.3.1 GCC Countries
                                   10.5.3.1.1 Investments in renewable energy initiatives likely to propel market
                                   10.5.3.1.2 Saudi Arabia
                                                    10.5.3.1.2.1 Green ammonia and hydrogen projects underway to boost economy
                                   10.5.3.1.3 UAE
                                                    10.5.3.1.3.1 Increasing number of projects to stimulate market growth
                                   10.5.3.1.4 UAE: Macro factors
                                   10.5.3.1.5 Other GCC Countries
                                   10.5.3.1.6 Macro factors
                       10.5.3.2 Rest of Middle East & Africa
                                   10.5.3.2.1 Egypt: Macro factors
                                   10.5.3.2.2 Morocco: Macro factors
                       10.5.3.3 Chile
                                   10.5.3.3.1 Constant developments in energy sector to accelerate market growth
                                   10.5.3.3.2 Chile: Macro factors
                       10.5.3.4 Brazil
                                   10.5.3.4.1 Rising production of green hydrogen to drive market
                                   10.5.3.4.2 Brazil: Macro factors
 
11 COMPETITIVE LANDSCAPE (Page No. - 161)
     11.1 OVERVIEW 
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2024 
     11.3 INDUSTRY CONCENTRATION 
     11.4 REVENUE ANALYSIS, 2019–2023 
     11.5 COMPANY VALUATION AND FINANCIAL MATRIX 
     11.6 BRAND COMPARISON 
     11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 
             11.7.1 STARS
             11.7.2 EMERGING LEADERS
             11.7.3 PERVASIVE PLAYERS
             11.7.4 PARTICIPANTS
             11.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
                       11.7.5.1 Product footprint
                       11.7.5.2 Company footprint
                       11.7.5.3 Regional footprint
                       11.7.5.4 Technology footprint
                       11.7.5.5 Application footprint
                       11.7.5.6 Capacity footprint
     11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 
             11.8.1 PROGRESSIVE COMPANIES
             11.8.2 RESPONSIVE COMPANIES
             11.8.3 DYNAMIC COMPANIES
             11.8.4 STARTING BLOCKS
             11.8.5 COMPETITIVE BENCHMARKING: KEY STARTUPS/SMES, 2023
     11.9 COMPETITIVE SCENARIO 
             11.9.1 PRODUCT LAUNCHES
             11.9.2 DEALS
             11.9.3 EXPANSIONS
             11.9.4 OTHER DEVELOPMENTS
 
12 COMPANY PROFILES (Page No. - 183)
     12.1 PRODUCERS 
             12.1.1 ACME
                       12.1.1.1 Business overview
                       12.1.1.2 Products/Services/Solutions offered
                       12.1.1.3 Recent developments
                                   12.1.1.3.1 Deals
                                   12.1.1.3.2 Expansions
                                   12.1.1.3.3 Other developments
                       12.1.1.4 MnM view
                                   12.1.1.4.1 Right to win
                                   12.1.1.4.2 Strategic choices
                                   12.1.1.4.3 Weaknesses & competitive threats
             12.1.2 YARA
                       12.1.2.1 Business overview
                       12.1.2.2 Products/Services/Solutions offered
                       12.1.2.3 Recent developments
                                   12.1.2.3.1 Deals
                                   12.1.2.3.2 Expansions
                                   12.1.2.3.3 Other developments
                       12.1.2.4 MnM view
                                   12.1.2.4.1 Right to win
                                   12.1.2.4.2 Strategic choices
                                   12.1.2.4.3 Weaknesses & competitive threats
             12.1.3 BASF SE
                       12.1.3.1 Business overview
                       12.1.3.2 Products/Services/Solutions offered
                       12.1.3.3 Recent developments
                                   12.1.3.3.1 Deals
             12.1.4 SIEMENS ENERGY
                       12.1.4.1 Business overview
                       12.1.4.2 Products/Services/Solutions offered
                       12.1.4.3 Recent developments
                                   12.1.4.3.1 Deals
                       12.1.4.4 MnM view
                                   12.1.4.4.1 Right to win
                                   12.1.4.4.2 Strategic choices
                                   12.1.4.4.3 Weaknesses & competitive threats
             12.1.5 ENGIE
                       12.1.5.1 Business overview
                       12.1.5.2 Products/Services/Solutions offered
                       12.1.5.3 Recent developments
                                   12.1.5.3.1 Deals
             12.1.6 CF INDUSTRIES HOLDINGS, INC.
                       12.1.6.1 Business overview
                       12.1.6.2 Products/Services/Solutions offered
                       12.1.6.3 Recent developments
                                   12.1.6.3.1 Deals
                                   12.1.6.3.2 Other developments
             12.1.7 UNIPER SE
                       12.1.7.1 Business overview
                       12.1.7.2 Products/Services/Solutions offered
                       12.1.7.3 Recent developments
                                   12.1.7.3.1 Deals
             12.1.8 GREENKO GROUP
                       12.1.8.1 Business overview
                       12.1.8.2 Products/Services/Solutions offered
                       12.1.8.3 Recent developments
                                   12.1.8.3.1 Deals
                                   12.1.8.3.2 Other developments
     12.2 OTHER PRODUCERS 
             12.2.1 FIRST AMMONIA
             12.2.2 STARFIRE ENERGY
             12.2.3 ALLIED GREEN AMMONIA PTY LTD
     12.3 TECHNOLOGY PROVIDERS 
             12.3.1 THYSSENKRUPP AG
                       12.3.1.1 Business overview
                       12.3.1.2 Products/Services/Solutions offered
                       12.3.1.3 Recent developments
                                   12.3.1.3.1 Deals
                                   12.3.1.3.2 Other developments
                       12.3.1.4 MnM view
                                   12.3.1.4.1 Right to win
                                   12.3.1.4.2 Strategic choices
                                   12.3.1.4.3 Weaknesses & competitive threats
             12.3.2 NEL ASA
                       12.3.2.1 Business overview
                       12.3.2.2 Products/Services/Solutions offered
                       12.3.2.3 Recent developments
                                   12.3.2.3.1 Deals
                                   12.3.2.3.2 Expansions
                                   12.3.2.3.3 Other developments
                       12.3.2.4 MnM view
                                   12.3.2.4.1 Right to win
                                   12.3.2.4.2 Strategic choices
                                   12.3.2.4.3 Weaknesses & competitive threats
             12.3.3 ITM POWER PLC
                       12.3.3.1 Business overview
                       12.3.3.2 Products/Services/Solutions offered
                       12.3.3.3 Recent developments
                                   12.3.3.3.1 Deals
                                   12.3.3.3.2 Expansions
                                   12.3.3.3.3 Other developments
             12.3.4 GREEN HYDROGEN SYSTEMS
                       12.3.4.1 Business overview
                       12.3.4.2 Products/Services/Solutions offered
                       12.3.4.3 Recent developments
                                   12.3.4.3.1 Deals
                                   12.3.4.3.2 Expansions
                                   12.3.4.3.3 Other developments
             12.3.5 MCPHY ENERGY S.A.
                       12.3.5.1 Business overview
                       12.3.5.2 Products/Services/Solutions offered
                       12.3.5.3 Recent developments
                                   12.3.5.3.1 Deals
                                   12.3.5.3.2 Expansions
                                   12.3.5.3.3 Other developments
             12.3.6 CUMMINS INC.
                       12.3.6.1 Business overview
                       12.3.6.2 Products/Services/Solutions offered
                       12.3.6.3 Recent developments
                                   12.3.6.3.1 Deals
             12.3.7 ENAPTER S.R.L.
                       12.3.7.1 Business overview
                       12.3.7.2 Products/Services/Solutions offered
                       12.3.7.3 Recent developments
                                   12.3.7.3.1 Product launches
                                   12.3.7.3.2 Deals
                                   12.3.7.3.3 Expansions
                                   12.3.7.3.4 Other developments
             12.3.8 TOPSOE
                       12.3.8.1 Business overview
                       12.3.8.2 Products/Services/Solutions offered
                       12.3.8.3 Recent developments
                                   12.3.8.3.1 Deals
                                   12.3.8.3.2 Expansions
                                   12.3.8.3.3 Other developments
             12.3.9 FUELPOSITIVE
                       12.3.9.1 Business overview
                       12.3.9.2 Products/Services/Solutions offered
                       12.3.9.3 Recent developments
                                   12.3.9.3.1 Product launches
                                   12.3.9.3.2 Deals
                                   12.3.9.3.3 Expansions
                                   12.3.9.3.4 Other developments
     12.4 OTHER TECHNOLOGY PROVIDERS 
             12.4.1 LONGI
     12.5 AMMONIA PLANT EPC COMPANIES 
             12.5.1 IBERDROLA, S.A.
                       12.5.1.1 Business overview
                       12.5.1.2 Recent developments
                                   12.5.1.2.1 Deals
     12.6 OTHER AMMONIA PLANT EPC COMPANIES 
             12.6.1 HIRINGA ENERGY LTD
             12.6.2 CEEC GLOBAL LTD
             12.6.3 HYGENCO
 
13 APPENDIX (Page No. - 263)
     13.1 INSIGHTS FROM INDUSTRY EXPERTS 
     13.2 DISCUSSION GUIDE 
     13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.4 CUSTOMIZATION OPTIONS 
     13.5 RELATED REPORTS 
     13.6 AUTHOR DETAILS 
 
 
LIST OF TABLES (281 Tables) 
 
TABLE 1 GREEN AMMONIA MARKET SNAPSHOT
TABLE 2 KEY COMPANIES AND THEIR ROLE IN GREEN AMMONIA ECOSYSTEM
TABLE 3 GREEN AMMONIA MARKET: MAJOR PATENTS APPLIED/GRANTED, 2013–2023
TABLE 4 HS CODE 2814: EXPORT SCENARIO , BY COUNTRY, 2021–2023 (USD)
TABLE 5 HS CODE 2814: IMPORT SCENARIO , BY COUNTRY, 2021–2023 (USD)
TABLE 6 HS CODE 280410: EXPORT SCENARIO , BY COUNTRY, 2021–2023 (USD THOUSAND)
TABLE 7 HS CODE 280410: IMPORT SCENARIO , BY COUNTRY, 2021–2023 (USD THOUSAND)
TABLE 8 HS CODE 280430: EXPORT SCENARIO , BY COUNTRY, 2019–2021 (USD)
TABLE 9 HS CODE 280430: IMPORT SCENARIO , BY COUNTRY, 2019–2021 (USD)
TABLE 10 GREEN AMMONIA AVERAGE LEVELIZED COST FOR GRID PPA, BY REGION
TABLE 11 GREEN AMMONIA AVERAGE LEVELIZED COST FOR DEDICATED VARIABLE RENEWABLE ENERGY GRID PPA, BY REGION
TABLE 12 GREEN AMMONIA INDICATIVE PRICING, BY TECHNOLOGY (USD)
TABLE 13 GREEN AMMONIA MARKET: KEY CONFERENCES & EVENTS, 2024−2025
TABLE 14 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 16 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 17 GREEN AMMONIA MARKET: REGULATIONS
TABLE 18 GREEN AMMONIA MARKET: PORTER'S FIVE FORCES ANALYSIS
TABLE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
TABLE 20 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
TABLE 21 RENEWABLE POWER PROVIDERS
TABLE 22 ELECTROLYZER PROVIDERS
TABLE 23 HABER-BOSCH REACTOR PROVIDERS
TABLE 24 AIR SEPARATION UNIT PROVIDERS
TABLE 25 AMMONIA STORAGE UNIT PROVIDERS
TABLE 26 GREEN AMMONIA MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
TABLE 27 GREEN AMMONIA MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
TABLE 28 ALKALINE WATER ELECTROLYSIS: GREEN AMMONIA MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 29 ALKALINE WATER ELECTROLYSIS: GREEN AMMONIA MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 30 PROTON EXCHANGE MEMBRANE ELECTROLYSIS: GREEN AMMONIA MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 31 PROTON EXCHANGE MEMBRANE ELECTROLYSIS: GREEN AMMONIA MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 32 SOLID OXIDE ELECTROLYSIS: GREEN AMMONIA MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 33 SOLID OXIDE ELECTROLYSIS: GREEN AMMONIA MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 34 GREEN AMMONIA MARKET, BY CAPACITY, 2020–2023 (USD MILLION)
TABLE 35 GREEN AMMONIA MARKET, BY CAPACITY, 2024–2030 (USD MILLION)
TABLE 36 GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 37 GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
TABLE 38 INDUSTRIAL FEEDSTOCK: GREEN AMMONIA MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 39 INDUSTRIAL FEEDSTOCK: GREEN AMMONIA MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 40 INDUSTRIAL FEEDSTOCK: GREEN AMMONIA MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 41 INDUSTRIAL FEEDSTOCK: GREEN AMMONIA MARKET, BY TYPE, 2024–2030 (USD MILLION)
TABLE 42 POWER GENERATION: GREEN AMMONIA MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 43 POWER GENERATION: GREEN AMMONIA MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 44 TRANSPORTATION: GREEN AMMONIA MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 45 TRANSPORTATION: GREEN AMMONIA MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 46 GREEN AMMONIA MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 47 GREEN AMMONIA MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 48 GREEN AMMONIA MARKET, BY REGION, 2020–2023 (KILO TONS)
TABLE 49 GREEN AMMONIA MARKET, BY REGION, 2024–2030 (KILO TONS)
TABLE 50 EUROPE: AMMONIA PRODUCTION, BY COUNTRY, 2015–2021 (MILLION STANDARD CUBIC FEET PER DAY)
TABLE 51 EUROPE: HYDROGEN GENERATION, BY COUNTRY, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
TABLE 52 EUROPE: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 2015–2021 (MW)
TABLE 53 EUROPE: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 2015–2021 (MILLION TONS OF CO2)
TABLE 54 EUROPE: GREEN AMMONIA MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
TABLE 55 EUROPE: GREEN AMMONIA MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
TABLE 56 EUROPE: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 57 EUROPE: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
TABLE 58 EUROPE: GREEN AMMONIA MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 59 EUROPE: GREEN AMMONIA MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
TABLE 60 GERMANY: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS)
TABLE 61 GERMANY: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
TABLE 62 GERMANY: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
TABLE 63 GERMANY: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)
TABLE 64 GERMANY: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 65 GERMANY: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
TABLE 66 UK: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS)
TABLE 67 UK: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
TABLE 68 UK: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
TABLE 69 UK: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
TABLE 70 UK: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 71 UK: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
TABLE 72 NETHERLANDS: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS)
TABLE 73 NETHERLANDS: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
TABLE 74 NETHERLANDS: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
TABLE 75 NETHERLANDS: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
TABLE 76 NETHERLANDS: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 77 NETHERLANDS: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
TABLE 78 DENMARK: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
TABLE 79 DENMARK: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
TABLE 80 DENMARK: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 81 DENMARK: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
TABLE 82 NORWAY: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
TABLE 83 NORWAY: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
TABLE 84 NORWAY: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 85 NORWAY: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
TABLE 86 SPAIN: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
TABLE 87 SPAIN: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
TABLE 88 SPAIN: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 89 SPAIN: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
TABLE 90 REST OF EUROPE (RUSSIA): INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
TABLE 91 REST OF EUROPE (RUSSIA): GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
TABLE 92 REST OF EUROPE: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 93 REST OF EUROPE: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
TABLE 94 ASIA PACIFIC: AMMONIA PRODUCTION, BY COUNTRY, 2015–2021 (THOUSAND TONS)
TABLE 95 ASIA PACIFIC: HYDROGEN GENERATION, BY COUNTRY, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
TABLE 96 ASIA PACIFIC: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 2015–2021 (MW)
TABLE 97 ASIA PACIFIC: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 2013–2017 (MILLION TONS OF CO2)
TABLE 98 ASIA PACIFIC: GREEN AMMONIA MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
TABLE 99 ASIA PACIFIC: GREEN AMMONIA MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
TABLE 100 ASIA PACIFIC: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 101 ASIA PACIFIC: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
TABLE 102 ASIA PACIFIC: GREEN AMMONIA MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 103 ASIA PACIFIC: GREEN AMMONIA MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
TABLE 104 AUSTRALIA: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS)
TABLE 105 AUSTRALIA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
TABLE 106 AUSTRALIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
TABLE 107 AUSTRALIA: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
TABLE 108 AUSTRALIA: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 109 AUSTRALIA: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
TABLE 110 CHINA: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS)
TABLE 111 CHINA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
TABLE 112 CHINA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
TABLE 113 CHINA: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)
TABLE 114 CHINA: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 115 CHINA: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
TABLE 116 JAPAN: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TONS)
TABLE 117 JAPAN: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
TABLE 118 JAPAN: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
TABLE 119 JAPAN: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
TABLE 120 JAPAN: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 121 JAPAN: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
TABLE 122 NEW ZEALAND: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TONS)
TABLE 123 NEW ZEALAND: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
TABLE 124 NEW ZEALAND: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
TABLE 125 NEW ZEALAND: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)
TABLE 126 NEW ZEALAND: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 127 NEW ZEALAND: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
TABLE 128 INDIA: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS)
TABLE 129 INDIA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
TABLE 130 INDIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
TABLE 131 INDIA: GREENHOUSE GAS EMISSIONS, 2015–2017 (MILLION TONS OF CO2)
TABLE 132 INDIA: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 133 INDIA: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
TABLE 134 REST OF ASIA PACIFIC: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS)
TABLE 135 REST OF ASIA PACIFIC: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
TABLE 136 REST OF ASIA PACIFIC: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
TABLE 137 REST OF ASIA PACIFIC: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 138 REST OF ASIA PACIFIC: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
TABLE 139 NORTH AMERICA: AMMONIA PRODUCTION, BY COUNTRY, 2015–2021 (THOUSAND TONS)
TABLE 140 NORTH AMERICA: HYDROGEN GENERATION, BY COUNTRY, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
TABLE 141 NORTH AMERICA: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 2015–2021 (MW)
TABLE 142 NORTH AMERICA: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 2015–2021 (MILLION TONS OF CO2)
TABLE 143 NORTH AMERICA: GREEN AMMONIA MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
TABLE 144 NORTH AMERICA: GREEN AMMONIA MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
TABLE 145 NORTH AMERICA: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 146 NORTH AMERICA: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
TABLE 147 NORTH AMERICA: GREEN AMMONIA MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 148 NORTH AMERICA: GREEN AMMONIA MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
TABLE 149 US: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS)
TABLE 150 US: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
TABLE 151 US: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
TABLE 152 US: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
TABLE 153 US: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 154 US: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
TABLE 155 CANADA: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS)
TABLE 156 CANADA: HYDROGEN GENERATION, 2015–2017 (MILLION STANDARD CUBIC FEET PER DAY)
TABLE 157 CANADA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
TABLE 158 CANADA: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
TABLE 159 CANADA: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 160 CANADA: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
TABLE 161 MEXICO: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS)
TABLE 162 MEXICO: HYDROGEN GENERATION, 2015–2017 (MILLION STANDARD CUBIC FEET PER DAY)
TABLE 163 MEXICO: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
TABLE 164 MEXICO: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
TABLE 165 MEXICO: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 166 MEXICO: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
TABLE 167 ROW: AMMONIA PRODUCTION, BY COUNTRY, 2015–2021 (THOUSAND TONS)
TABLE 168 ROW: HYDROGEN GENERATION, BY COUNTRY, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)
TABLE 169 ROW: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 2015–2021 (MW)
TABLE 170 ROW: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 2015–2021 
(MILLION TONS OF CO2) 153
TABLE 171 ROW: GREEN AMMONIA MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
TABLE 172 ROW: GREEN AMMONIA MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
TABLE 173 ROW: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 174 ROW: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
TABLE 175 ROW: GREEN AMMONIA MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 176 ROW: GREEN AMMONIA MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
TABLE 177 UAE: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
TABLE 178 UAE: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
TABLE 179 OMAN: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
TABLE 180 OMAN: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
TABLE 181 EGYPT: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
TABLE 182 EGYPT: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
TABLE 183 MOROCCO: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
TABLE 184 MOROCCO: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
TABLE 185 CHILE: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)
TABLE 186 CHILE: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
TABLE 187 BRAZIL: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW)
TABLE 188 BRAZIL: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2)
TABLE 189 GREEN AMMONIA MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2024
TABLE 190 GREEN AMMONIA MARKET: REGIONAL FOOTPRINT
TABLE 191 GREEN AMMONIA MARKET: TECHNOLOGY FOOTPRINT
TABLE 192 GREEN AMMONIA MARKET: APPLICATION FOOTPRINT
TABLE 193 GREEN AMMONIA MARKET: CAPACITY FOOTPRINT
TABLE 194 GREEN AMMONIA MARKET: KEY STARTUPS/SMES
TABLE 195 GREEN AMMONIA MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES
TABLE 196 GREEN AMMONIA MARKET: PRODUCT LAUNCHES, 2020−2024
TABLE 197 GREEN AMMONIA MARKET: DEALS, 2020–2024
TABLE 198 GREEN AMMONIA MARKET: EXPANSIONS, 2020–2024
TABLE 199 GREEN AMMONIA MARKET: OTHER DEVELOPMENTS, 2020−2024
TABLE 200 ACME: BUSINESS OVERVIEW
TABLE 201 ACME: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 202 ACME: DEALS
TABLE 203 ACME: EXPANSIONS
TABLE 204 ACME: OTHER DEVELOPMENTS
TABLE 205 YARA: BUSINESS OVERVIEW
TABLE 206 YARA: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 207 YARA: DEALS
TABLE 208 YARA: EXPANSIONS
TABLE 209 YARA: OTHER DEVELOPMENTS
TABLE 210 BASF SE: BUSINESS OVERVIEW
TABLE 211 BASF SE: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 212 BASF SE: DEALS
TABLE 213 SIEMENS ENERGY: BUSINESS OVERVIEW
TABLE 214 SIEMENS ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 215 SIEMENS ENERGY: DEALS
TABLE 216 ENGIE: BUSINESS OVERVIEW
TABLE 217 ENGIE: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 218 ENGIE: DEALS
TABLE 219 CF INDUSTRIES HOLDINGS, INC.: BUSINESS OVERVIEW
TABLE 220 CF INDUSTRIES HOLDINGS, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 221 CF INDUSTRIES HOLDINGS, INC.: DEALS
TABLE 222 CF INDUSTRIES HOLDINGS, INC.: OTHER DEVELOPMENTS
TABLE 223 UNIPER SE: BUSINESS OVERVIEW
TABLE 224 UNIPER SE: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 225 UNIPER SE: DEALS
TABLE 226 GREENKO GROUP: BUSINESS OVERVIEW
TABLE 227 GREENKO GROUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 228 GREENKO GROUP: DEALS
TABLE 229 GREENKO GROUP: OTHER DEVELOPMENTS
TABLE 230 FIRST AMMONIA: BUSINESS OVERVIEW
TABLE 231 STARFIRE ENERGY: BUSINESS OVERVIEW
TABLE 232 ALLIED GREEN AMMONIA PTY LTD: BUSINESS OVERVIEW
TABLE 233 THYSSENKRUPP AG: BUSINESS OVERVIEW
TABLE 234 THYSSENKRUPP AG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 235 THYSSENKRUPP AG: DEALS
TABLE 236 THYSSENKRUPP AG: OTHER DEVELOPMENTS
TABLE 237 NEL ASA: BUSINESS OVERVIEW
TABLE 238 NEL ASA: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 239 NEL ASA: DEALS
TABLE 240 NEL ASA: EXPANSIONS
TABLE 241 NEL ASA: OTHER DEVELOPMENTS
TABLE 242 ITM POWER PLC: BUSINESS OVERVIEW
TABLE 243 ITM POWER PLC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 244 ITM POWER PLC: DEALS
TABLE 245 ITM POWER PLC: EXPANSIONS
TABLE 246 ITM POWER PLC: OTHER DEVELOPMENTS
TABLE 247 GREEN HYDROGEN SYSTEMS: BUSINESS OVERVIEW
TABLE 248 GREEN HYDROGEN SYSTEMS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 249 GREEN HYDROGEN SYSTEMS: DEALS
TABLE 250 GREEN HYDROGEN SYSTEMS: EXPANSIONS
TABLE 251 GREEN HYDROGEN SYSTEMS: OTHER DEVELOPMENTS
TABLE 252 MCPHY ENERGY S.A.: BUSINESS OVERVIEW
TABLE 253 MCPHY ENERGY S.A.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 254 MCPHY ENERGY S.A.: DEALS
TABLE 255 MCPHY ENERGY S.A.: EXPANSIONS
TABLE 256 MCPHY ENERGY S.A.: OTHER DEVELOPMENTS
TABLE 257 CUMMINS INC.: BUSINESS OVERVIEW
TABLE 258 CUMMINS INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 259 CUMMINS INC.: DEALS
TABLE 260 ENAPTER S.R.L.: BUSINESS OVERVIEW
TABLE 261 ENAPTER S.R.L.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 262 ENAPTER S.R.L.: PRODUCT LAUNCHES
TABLE 263 ENAPTER S.R.L.: DEALS
TABLE 264 ENAPTER S.R.L.: EXPANSIONS
TABLE 265 ENAPTER S.R.L.: OTHER DEVELOPMENTS
TABLE 266 TOPSOE: BUSINESS OVERVIEW
TABLE 267 TOPSOE: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 268 TOPSOE: DEALS
TABLE 269 TOPSOE: EXPANSIONS
TABLE 270 TOPSOE: OTHER DEVELOPMENTS
TABLE 271 FUELPOSITIVE: BUSINESS OVERVIEW
TABLE 272 FUELPOSITIVE: PRODUCT LAUNCHES
TABLE 273 FUELPOSITIVE: DEALS
TABLE 274 FUELPOSITIVE: EXPANSIONS
TABLE 275 FUELPOSITIVE: OTHER DEVELOPMENTS
TABLE 276 LONGI: BUSINESS OVERVIEW
TABLE 277 IBERDROLA, S.A.: BUSINESS OVERVIEW
TABLE 278 IBERDROLA, S.A.: DEALS
TABLE 279 HIRINGA ENERGY LTD: BUSINESS OVERVIEW
TABLE 280 CEEC GLOBAL LTD: BUSINESS OVERVIEW
TABLE 281 HYGENCO: BUSINESS OVERVIEW
 
  
LIST OF FIGURES (68 Figures) 
 
FIGURE 1 GREEN AMMONIA MARKET SEGMENTATION
FIGURE 2 GREEN AMMONIA MARKET: RESEARCH DESIGN
FIGURE 3 DATA TRIANGULATION
FIGURE 4 BREAKDOWN OF PRIMARIES
FIGURE 5 GREEN AMMONIA MARKET: BOTTOM-UP APPROACH
FIGURE 6 GREEN AMMONIA MARKET: TOP-DOWN APPROACH
FIGURE 7 METRICS CONSIDERED TO ASSESS DEMAND FOR GREEN AMMONIA
FIGURE 8 KEY METRICS CONSIDERED TO ASSESS SUPPLY OF GREEN AMMONIA
FIGURE 9 INDUSTRY CONCENTRATION
FIGURE 10 EUROPE HELD LARGEST SHARE OF GREEN AMMONIA MARKET IN 2023
FIGURE 11 ALKALINE WATER ELECTROLYSIS SEGMENT TO DOMINATE DURING FORECAST PERIOD
FIGURE 12 INDUSTRIAL FEEDSTOCK TO CAPTURE LARGEST SHARE OF GREEN AMMONIA MARKET BY 2030
FIGURE 13 MEDIUM-SCALE CAPACITY SEGMENT TO HOLD DOMINANT SHARE IN FORECAST PERIOD
FIGURE 14 RISING DEMAND FOR CLEAN ENERGY AND FAVORABLE GOVERNMENT POLICIES TO DRIVE GREEN AMMONIA MARKET DURING FORECAST PERIOD
FIGURE 15 ASIA PACIFIC TO WITNESS FASTEST GROWTH DURING FORECAST PERIOD
FIGURE 16 ALKALINE WATER ELECTROLYSIS TO DOMINATE GREEN AMMONIA MARKET BY 2030
FIGURE 17 MEDIUM-SCALE SEGMENT TO ACCOUNT FOR DOMINANT SHARE OF GREEN AMMONIA MARKET BY 2030
FIGURE 18 INDUSTRIAL FEEDSTOCK SEGMENT TO ACCOUNT FOR LARGEST SHARE OF GREEN AMMONIA MARKET BY 2030
FIGURE 19 INDUSTRIAL FEED STOCK AND SPAIN TO DOMINATE MARKET IN EUROPE IN 2024
FIGURE 20 GREEN AMMONIA MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 21 GLOBAL RENEWABLE ENERGY CAPACITY TREND, BY SOURCE, 2023
FIGURE 22 GREENHOUSE GAS EMISSIONS WITNESSED BY TOP EIGHT GEOGRAPHIES, 2022
FIGURE 23 REVENUE SHIFT FOR GREEN AMMONIA PROVIDERS
FIGURE 24 GREEN AMMONIA MARKET: SUPPLY CHAIN ANALYSIS
FIGURE 25 GREEN AMMONIA MARKET: ECOSYSTEM ANALYSIS
FIGURE 26 NUMBER OF PATENTS APPLIED AND GRANTED, 2013–2023
FIGURE 27 HS CODE 2814: EXPORT DATA FOR TOP SIX COUNTRIES, 2021–2023 (USD)
FIGURE 28 HS CODE 2814: IMPORT DATA FOR TOP SIX COUNTRIES, 2021–2023 (USD)
FIGURE 29 HS CODE 280410: EXPORT DATA FOR TOP FIVE COUNTRIES, 2021–2023
FIGURE 30 HS CODE 280410: IMPORT DATA FOR TOP FIVE COUNTRIES, 2020–2022 (USD THOUSAND)
FIGURE 31 HS CODE 280430: EXPORT DATA FOR TOP FIVE COUNTRIES, 2019–2021 (USD)
FIGURE 32 HS CODE 280430: IMPORT DATA FOR TOP SIX COUNTRIES, 2019–2021 (USD)
FIGURE 33 GREEN AMMONIA MARKET MAP
FIGURE 34 GREEN AMMONIA MARKET: PORTER'S FIVE FORCES ANALYSIS
FIGURE 35 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
FIGURE 36 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
FIGURE 37 INVESTMENT AND FUNDING SCENARIO
FIGURE 38 GREEN AMMONIA PRODUCTION PROCESS AND ELEMENTS
FIGURE 39 GREEN AMMONIA MARKET: BY TECHNOLOGY, 2023
FIGURE 40 GREEN AMMONIA MARKET SHARE, BY CAPACITY, 2023
FIGURE 41 GREEN AMMONIA MARKET: BY APPLICATION, 2023
FIGURE 42 ASIA PACIFIC TO BE FASTEST GROWING REGIONAL GREEN AMMONIA MARKET
FIGURE 43 EUROPE: SNAPSHOT OF GREEN AMMONIA MARKET
FIGURE 44 ASIA PACIFIC: SNAPSHOT OF GREEN AMMONIA MARKET
FIGURE 45 ACTIVE PLAYERS IN GREEN AMMONIA MARKET, 2023
FIGURE 46 GREEN AMMONIA MARKET: TOTAL REVENUE ANALYSIS OF KEY PLAYERS, 2019–2023
FIGURE 47 GREEN AMMONIA MARKET: COMPANY VALUATION
FIGURE 48 GREEN AMMONIA MARKET: FINANCIAL MATRIX
FIGURE 49 GREEN AMMONIA MARKET: BRAND COMPARISON
FIGURE 50 GREEN AMMONIA MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
FIGURE 51 GREEN AMMONIA MARKET: PRODUCT FOOTPRINT
FIGURE 52 GREEN AMMONIA MARKET: COMPANY FOOTPRINT
FIGURE 53 GREEN AMMONIA MARKET: COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
FIGURE 54 YARA: COMPANY SNAPSHOT
FIGURE 55 BASF SE: COMPANY SNAPSHOT
FIGURE 56 SIEMENS ENERGY: COMPANY SNAPSHOT
FIGURE 57 ENGIE: COMPANY SNAPSHOT
FIGURE 58 CF INDUSTRIES HOLDINGS, INC.: COMPANY SNAPSHOT
FIGURE 59 UNIPER SE: COMPANY SNAPSHOT
FIGURE 60 THYSSENKRUPP AG: COMPANY SNAPSHOT
FIGURE 61 NEL ASA: COMPANY SNAPSHOT
FIGURE 62 ITM POWER PLC: COMPANY SNAPSHOT
FIGURE 63 GREEN HYDROGEN SYSTEMS: COMPANY SNAPSHOT
FIGURE 64 MCPHY ENERGY S.A.: COMPANY SNAPSHOT
FIGURE 65 CUMMINS INC.: COMPANY SNAPSHOT
FIGURE 66 ENAPTER S.R.L.: COMPANY SNAPSHOT
FIGURE 67 TOPSOE: COMPANY SNAPSHOT
FIGURE 68 IBERDROLA, S.A.: COMPANY SNAPSHOT

The study involved major activities in estimating the current size of the green ammonia market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

This research study included secondary sources such as company annual reports, press announcements, and investor presentations, as well as white papers, certified publications, articles by renowned writers, and databases of numerous firms and associations. Secondary research has primarily been used to obtain key information about the industry's supply chain, monetary chain, total pool of key players, market classification and segmentation based on industry trends down to the lowest level, regional markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

Primary research has been conducted to identify segments, industry trends, and the competitive landscape of the green ammonia market. In the primary research process, various primary sources from both the supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various companies and organizations operating in the green ammonia market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Green Ammonia Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Top-down and bottom-up approaches have been used to estimate and validate the size of the green ammonia market and its dependent submarkets. Key players in the market have been identified through secondary research, and their market share in the respective regions has been obtained through both primary and secondary research. The research methodology includes the study of the annual and financial reports of the top market players and interviews with industry experts, such as chief executive officers, vice presidents, directors, sales managers, and marketing executives, to gain key quantitative and qualitative insights related to the green ammonia market. The research methodology used to estimate the market size includes the following:

  • Extensive secondary research was used to identify the major players in the industry and market, and their market share was established using both primary and secondary research.
  • Both primary and secondary research methods were used to assess the industry's value chain and market size.
  • All percentage shares, splits, and breakdowns were obtained using secondary sources and validated by primary sources.

Green Ammonia Market Size: Top-Down Approach

Green Ammonia Market  Top Down Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Green Ammonia Market Size: Bottom-Up Approach

Green Ammonia Market  Bottom Up Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained below, the total market has been split into several segments and subsegments. The data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The data has been triangulated by studying numerous factors and trends from both the demand and supply sides. Additionally, the market size has been validated using both top-down and bottom-up approaches.

Market Definition

Green ammonia refers to the manufacture of ammonia that is renewable and carbon-free. It is created by converting energy from sun, wind, and hydropower into an electrolyzer. It extracts hydrogen from water and removes nitrogen from the air using an air separation device. Ammonia is produced by reacting hydrogen and nitrogen at high temperatures and pressures. Green ammonia is used to produce carbon-neutral fertilizer products and decarbonize the food value chain, and it is likely to be used as a climate-neutral transportation fuel in the near future.

The Green ammonia market comprises revenues of companies for various end users such as transportation, power generation and industrial feedstock.

Key Stakeholders

  • Industrial gas companies
  • Ammonia manufacturers
  • Electrolyzer and other equipment providers
  • Hydrogen generation product and solution providers
  • Engineering, procurement, and construction companies
  • R&D laboratories
  • Consulting companies from the energy & power sector
  • Government and research organizations
  • Renewable energy providers

Objectives of the Study

  • To define, characterize, segment, and predict the value of the green ammonia market, by technology and end-use application.
  • To predict the market size across four important regions: North America, Europe, Asia Pacific, and Rest of the World, as well as country-level analysis in terms of value and volume.
  • To describe key elements required to produce green ammonia
  • Provide statistical data on ammonia production, hydrogen generation, installed renewable capacity, and greenhouse gas emissions for each area and nation.
  • To give extensive information about major drivers, restraints, opportunities, and industry-specific issues that influence the growth of the green ammonia market.
  • To strategically study the green ammonia market in terms of individual growth patterns, opportunities, and contributions of each sector to the industry.
  • To offer supply chain analysis, trends/disruptions effecting client business, market mapping, price analysis, and regulatory landscape for green ammonia.
  • To strategically study micromarkets in terms of individual growth patterns, anticipated expansions, and their contribution to the overall market.
  • Analyzing prospects for stakeholders in the green ammonia industry and creating a competitive landscape for market players
  • To benchmark market participants, use the company assessment quadrant, which examines market players based on numerous characteristics within the broad areas of business and product strategies.
  • To compare the main market participants based on their market share, product characteristics, and applications.
  • To strategically profile important players and thoroughly study their market ranking and essential strengths.
  • To examine competitive developments in the green ammonia market, such as sales contracts, agreements, investments, expansions, product launches, partnerships, joint ventures, and collaborations.

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Report Code
EP 7700
Published ON
Jul, 2024
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