Green Ammonia Market Size, Share & Trends Analysis Report By Technology (Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM) Electrolysis, Solid Oxide Electrolysis), End-Use Application (Transportation, Power Generation, Industrial Feedstock), By Region, And Segment Forecasts, 2025-2034

Green Ammonia Market Size is valued at 0.7 Billion in 2024 and is predicted to reach 140.2 billion by the year 2034 at a 70.0% CAGR during the forecast period for 2025-2034.

In the upcoming years, the market demand is anticipated to increase as green ammonia becomes more commonplace due to growing awareness of the importance of creating clean energy and lowering carbon footprints. It is also projected that market expansion will be fueled shortly by the rising demand for the product as a marine fuel and shipping in the transportation sector because it emits no carbon and leaves no sulfur traces, leading to enhanced air quality. Nitrogen from the air and hydrogen from water combine to form green ammonia. It is a versatile fuel for heat and electricity that may be used in gas turbines, internal combustion engines, generator sets, industrial furnaces, and fuel cells. It is notably useful for naval transportation. 

Green ammonia is the ideal choice due to the pressure on the shipping industry to decrease carbon emissions because it has a lower volumetric energy density than other fuels, which makes storage viable. The market is also expanding due to favorable laws and regulations governing low-carbon emissions and rising fuel demand from the marine industry. 

Recent Developments:

• In May 2022, According to LSB Industries, Inc., it has agreements with ThyssenKrupp Uhde USA, LLC and Bloom Energy to build a project that will create about 30,000 metric tonnes of green or zero-carbon ammonia annually at LSB's facility in Pryor, Oklahoma. 

Competitive Landscape:

Some of the Green Ammonia market players are:

• Siemens Energy
• Thyssenkrupp Ag
• Man Energy Solutions
• Nel Asa
• ITM Power
• Mcphy Energy S.A.
• Enapter S.R.L.
• Green Hydrogen Systems
• Fuelpositive Corporation
• Stamicarbon
• Hydrogenics
• Hygenco
• Electrochaea
• Starfire Energy
• Exytron
• Aquahydrex
• Yara International
• BASF SE
• Engie
• Uniper SE
• Queensland Nitrates 

Market Segmentation:

The Green Ammonia market is segmented by technology and end-use application. Based on technology, the market is segregated into alkaline water electrolysis, solid oxide electrolysis, and proton exchange membrane. By the end-use application, the market is segmented into transportation, power generation, and industrial feedback.

Based On Technology, The Proton Exchange Segment Is Accounted As A Major Contributor In The Green Ammonia Market

The market with the biggest revenue share was dominated by proton exchange membrane technology. The cause for this is that people are becoming more conscious of the benefits of this technology, which has an electric efficiency of above 90% and large current densities at low voltages. Favorable 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 Transportation Segment Witnessed Growth At A Rapid Rate

With the largest revenue share, the transportation sector dominated the market. 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 energy that is clean, effective, and environmentally benign.

In The Region, The North America Green Ammonia Market Holds A Significant Revenue Share

The market with the largest revenue share was dominated by North America. The adoption of electric vehicles in the area and increased R&D for hydrogen production are credited with this surge. In addition, the market expansion is being fueled by government assistance, increasing investor involvement, and the viability of the technology in the area. The Asia Pacific market is predicted to grow. 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. 

Green Ammonia Market Report Scope:

Segmentation of Green Ammonia Market-

Green Ammonia Market By Technology-

• Alkaline Water Electrolysis
• Proton Exchange Membrane
• Solid Oxide Electrolysis 

Green Ammonia Market By End-Use Application-

• Power Generation
• Transportation
• Industrial Feedstocks

Green Ammonia Market By Region-

North America-

• The US
• Canada

Europe-

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-

• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-

• Brazil
• Argentina
• Mexico
• Rest of Latin America

 Middle East & Africa-

• GCC Countries
• South Africa
• Rest of Middle East and Africa