Green Ammonia Market as a Renewable Fuel: Market Forecast & Insights By 2031

The Global Green Ammonia Market size was worth US$ 0.2 billion in 2023 and is estimated to reach US$ 5.9 billion by 2031, growing at a CAGR of 52.95% during the forecast period (2024-2031).

Green Ammonia Market, as detailed in the DataM Intelligence report, presents a strategic overview of the industry backed by in-depth data and market trends. The study highlights the performance and positioning of major players, focusing on their offerings, pricing models, financial outcomes, and growth strategies. It serves as a concise yet insightful reference for understanding the current landscape and future direction of the market.

Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):- https://datamintelligence.com/download-sample/green-ammonia-market?kb

Market Overview:

Green Ammonia is ammonia produced using renewable energy sources, such as wind or solar power, through a process that combines green hydrogen with nitrogen from the air. Unlike traditional ammonia, which is made from fossil fuels and emits significant carbon dioxide, green ammonia offers a carbon-neutral alternative. It is used as a clean fuel, fertilizer, and an energy carrier, playing a vital role in decarbonizing agriculture, shipping, and power generation.

List of the Key Players in the Green Ammonia Market:

ThyssenKrupp, Siemens Energy, Man Energy Solutions, Nel Hydrogen, Green Hydrogen Systems, ITM Power, Mcphy Energy, Hydrogenics, Star Fire Energy and AquaHydrex.

Green Ammonia Market Development:

In May 2024, Cepsa selected thyssenkrupp nucera as the preferred supplier for a 300-megawatt electrolyzer for its upcoming green hydrogen plant in Spain. The announcement was made at the World Hydrogen Summit in Rotterdam. This electrolyzer will be a key component in producing green hydrogen, supporting Cepsa's commitment to sustainable energy solutions.

In October 2023, DAI Infrastruktur teamed up with Egyptian technology giant Siemens Energy to launch a green ammonia project in East Port Said, Egypt. The Ra project aims to start green ammonia production by 2028, with an annual capacity of 2 million tons. Siemens will supply electrolysers, auxiliary plant systems, and other equipment for the "hydrogen island" segment of Project Ra. Both companies will collaborate closely on engineering services during the project's development phase.

In September 2023, OPAL Fuels formed a joint venture with South Jersey Industries, an energy infrastructure holding company, to develop, construct, own, and operate renewable natural gas (RNG) facilities.

Speak to Our Senior Analyst and Get Customization in the report as per your requirements: https://datamintelligence.com/customize/green-ammonia-market?kb

Segment Covered in the Green Ammonia Market:

By Technology: Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM), Solid Oxide Electrolysis (SOE)

By End-User: Transportation, Power Generation, Industrial Feedstock

Regional Analysis for Green Ammonia Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Frequently asked questions:

➠ What are the global sales, production, consumption, import, and export figures for the Green Ammonia market?

➠ Who are the key global manufacturers, and how are they performing operationally?

➠ What opportunities and risks do vendors face in the Green Ammonia market?

➠ Which product types or end-users show the most growth potential, and what are their market shares?

➠ What factors are driving or limiting growth in the Green Ammonia market?

Stay informed with the latest industry insights-start your subscription now: https://www.datamintelligence.com/reports-subscription?kb

Contact Us-

Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us-

DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.