Green Ammonia Sector: Growth Drivers and Challenges
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
|
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 |
|
Browse key industry insights with market data tables & charts from the report:
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.
