Green Ammonia Market Trends

  • Report ID: 3183
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Green Ammonia Market Trends

Growth Drivers

  • Growing Need to Reduce Green House Gas Emissions
  • Rise in Adoption of Energy-Efficient Technologies

Challenges

  • High Initial Capital Investment
  • Lack of Awareness about Green Ammonia

Green Ammonia Market: Key Insights

Regionally, the global green ammonia market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Amongst these regions, the market in Europe is anticipated to hold the largest market share throughout the forecast period and is further projected to reach USD 558.03 Million by the end of 2028. The market in the region is further anticipated to grow with the highest CAGR of 65.37% during the forecast period. The growth of the market in the region can be attributed to the increasing number of green hydrogen projects in the European countries, such as in Germany, UK, and Netherlands, backed by the supporting initiatives of the governments of the countries in the region. Further, amongst all the countries in the region, the green ammonia market in Netherlands is anticipated to hold the largest market share of 40.70% and further touch USD 227.12 Million by the end of 2028. The market in Germany, on the other hand, is anticipated to grow with the highest CAGR of 86.35% during the forecast period.

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Base Year

2024

Forecast Year

2025-2037

CAGR

66.5%

Base Year Market Size (2024)

USD 277.76 million

Forecast Year Market Size (2037)

USD 209.92 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:


Author Credits:  Dhruv Bhatia


  • Report ID: 3183
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of green ammonia is evaluated at USD 434.76 million.

Green Ammonia Market size was valued at USD 277.76 million in 2024 and is set to exceed USD 209.92 billion by 2037, expanding at over 66.5% CAGR during the forecast period i.e., between 2025-2037.

Europe industry is expected to account for largest revenue share of 65% by 2037, Europe industry is likely to account for largest revenue share of 65% by 2037

The major players in the market are Nel ASA, Siemens AG, ITM Power, thyssenkrupp Industrial Solutions, MAN Energy Solutions SE, McPhy Energy S.A., and others.

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