Global Green Ammonia Market

Sep 2023| ENV066A| BCC Publishing

Report Highlights

The global market for green ammonia is projected to grow from $30.6 million in 2023 to $719.4 million by 2028, at a compound annual growth rate (CAGR) of 88.0% from 2023 through 2028.

Report Includes

  • 40 data tables and 38 additional tables
  • An up-to-date overview and industry analysis of the global green ammonia market
  • Analyses of the global and regional market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
  • Highlights of the market potential and understanding the demand for green ammonia in various applications, and areas to forecast this market into various segments and sub-segments
  • Estimation of the actual market size both in value and volumetric terms, and revenue forecast for global green ammonia market in USD millions, and corresponding market share analysis based on technology, application, and region
  • In-depth information (facts and figures) concerning the major factors influencing the progress of this market (drivers, restraints, opportunities, and industry-specific challenges) with respect to specific growth trends, upcoming prospects, and contributions to the overall market
  • Analysis of market opportunities with a holistic study of the Porter’s five forces analysis and SWOT analysis considering both micro and macro environmental factors prevailing in the green ammonia industry
  • Review of the impact of COVID-19 and Russia-Ukraine war on global market for green ammonia
  • Understanding of the importance of ESG in the global market for green ammonia, consumer attitudes towards sustainability, risks and opportunity assessment, ratings and matrices, and ESG practices in the green ammonia industry
  • Analysis of the competitive landscape featuring major stakeholder companies based on their recent developments, key financials and segmental revenues, and operational integration
  • Profile descriptions of the leading market players, including BASF SE, ITM Power, NEL ASA, Siemens Energy AS, Topsoe A/S, ThyssenKrupp AG, Engie SA, McPhy, Nutrien Ltd., and Yara International ASA

Report Scope

The report discusses different technologies for producing green ammonia like solid oxide electrolysis, proton exchange membrane electrolysis, and alkaline water electrolysis. It offers a detailed analysis of different technologies and the prevalent trends and opportunities in the market. The market values are estimated based on multiple factors and analysis of manufacturers’ revenues. Market dynamics within each industry are identified. Technological advancements and trends are reviewed, and other influences such as economic conditions and standards are discussed. Because this is a global study, BCC Research analyzes domestic and international technological issues and economic considerations.

The market segments of the report are focused on technical and commercial aspects of green ammonia for different end-user segments, such as power generation, transportation, fertilizer, refrigeration, and others. The report also discusses the regional policy and regulatory framework and ESG scenario for the green ammonia industry, to maintain environmental sustainability and to comply with government regulations.

The report also analyzes the regional markets for green ammonia. The segments are forecast for 2023 to 2028, with 2022 as a base year. The report offers a competitive scenario of the market, including a detailed analysis of key market players and a list of small and regional market players.

The currency used in this report is USD, with the market size indicated in USD millions. For companies reporting their revenue in USD, revenues are taken from their annual reports. For companies that reported their revenue in other currencies, i.e., euros and pounds, the average annual currency conversion rate has been used for the particular year to convert the value into USD. The conversion rate for each currency conversion is provided in the report.

Frequently Asked Questions (FAQs)

The green ammonia market stood at $24.3 million in 2022 and expected to grow at a CAGR of 88.0% from 2023 to 2028.
The key factors driving the growth of green ammonia market includes:
  • Growing demand for eco-friendly fertilizers and biofuels.
  • Innovative applications of green ammonia in the mining industry.
  • Falling renewable energy prices.
The green ammonia market is segmented on the basis of technology, application, and region.
Alkaline water electrolysis will dominate the market by the end of 2028.
Europe holds the highest share in the market by value.
Key companies in the market includes BASF SE, ITM Power, NEL ASA, Siemens Energy AS, Topsoe A/S, Thyssenkrupp AG, Engie SA, McPhy, Nutrien Limited, and Yara International ASA, among others.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2023-2028
Base year market size $24.3 million
Market size forecast $719.4 million
Growth rate CAGR of 88.0% from 2023 to 2028
Units considered $ Millions and Tons
Segments covered By Technology, Application, and Region
Regions covered North America, Europe, Asia-Pacific (APAC), South America, and Middle East and Africa (MEA)
Key Market Drivers
  • Augmenting Demand for Renewable Energy Sources
  • Falling Renewable Energy Prices
  • Innovative Applications of Green Ammonia in the Mining Industry
  • Increasing Demand for Eco-Friendly Fertilizers
Companies studied
  • NEL ASA
  • NUTRIEN LTD.
  • BASF SE
  • ENGIE S.A.
  • ITM POWER PLC
  • MCPHY ENERGY S.A.
  • SIEMENS ENERGY AG
  • TOPSOE A/S
  • THYSSENKRUPP AG
  • AKER HORIZONS
  • YARA INTERNATIONAL ASA
  • AREVA H2GEN (ACQUIRED BY GTT)
  • ASAHI KASEI CORP.
  • BLOOM ENERGY
  • CARBOTECH
  • CHENGDU VERTEX INDUSTRY CO. LTD.
  • CUMMINS INC.
  • ELOGEN (ACQUIRED BY GTT)
  • GINER ELX (ACQUIRED BY PLUG POWER)
  • HYTRON
  • IGAS ENERGY PLC
  • INDUSTRIE DE NORA S.P.A.
  • ITM LINDE ELECTROLYSIS
  • KOBELCO
  • PLUG POWER INC.

Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Global Green Ammonia Market192Free
Chapter- 1: Introduction5Free
Chapter- 2: Summary and Highlights4Free
Chapter- 3: Market Overview10Free
Chapter- 4: Market Dynamics19Free
Chapter- 5: Market for Green Ammonia by Technology16Free
Chapter- 6: Market for Green Ammonia by Application16Free
Chapter- 7: Market for Green Ammonia by Region41Free
Chapter- 8: ESG Development11Free
Chapter- 9: Emerging Technologies and Developments3Free
Chapter- 10: Patent Analysis7Free
Chapter- 11: Competitive Intelligence6Free
Chapter- 12: Company Profiles52Free
Chapter- 13: Appendix: Acronyms2Free
Global Green Ammonia Market

Single User License: $5500

Become a Member

Already a member? Login to access this report free.

Have a Question? Ask Us.

Why BCC Research.?

Every purchase provides access to:

  • Thousands of recently published reports from select publishers
  • Member Discounts of up to 50% on over 20,000 additional reports from all publishers
  • Our analysts and research concierge for all inquiries
Custom Research

Need a custom data table, graph or complete report? Tell us more.

RELATED REPORTS