Green Ammonia Market Analysis

The global green ammonia market is segmented by technology into alkaline water electrolysis, proton exchange membrane, and solid oxide electrolysis. Amongst these segments, the solid oxide electrolysis segment is anticipated to hold the largest market share throughout the forecast period and further attain a market revenue of USD 496.38 Million by the end of 2028. The solid oxide electrolysis (SOEC) process is one of the most prominent methods of producing green ammonia. The production process splits water to generate hydrogen, which is then utilized for synthesis of green ammonia. The technology is beneficial than other processes as it uses the internal wasted heat generated during splitting water molecule and decreases the amount of overall energy required during the process. The SOEC technology is majorly used for the large-scale production of hydrogen. The rising awareness among the chemical manufacturers for the process is further projected to drive the growth of the segment during the forecast period. Based on application, the market is segmented into industrial feedstock, green fertilizer, marine fuel, power generation, and others. Amongst these segments, the power generation segment is projected to hold the largest market share during the forecast period and further touch USD 393.81 Million by the end of 2028.

Our in-depth analysis of the global market includes the following segments: