Growth Drivers
Challenges
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 |
|
Author Credits: Dhruv Bhatia
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