Green Ammonia Market Soars with $5.9 Billion Valuation by 2031, Driven by Renewable Energy Advances | ThyssenKrupp, Siemens Energy, Man Energy Solutions, Nel Hydrogen, Green Hydrogen Systems

The Global Green Ammonia Market was valued at US$ 0.2 billion in 2023 and is projected to reach US$ 5.9 billion by 2031, expanding at a remarkable CAGR of 52.95% during the forecast period from 2024 to 2031.

DataM Intelligence's latest report offers a detailed overview of the market, highlighting key trends, growth drivers, challenges, and opportunities shaping the green ammonia landscape. By integrating both qualitative and quantitative research methodologies, the report empowers organizations to make data-driven strategic decisions in a rapidly evolving market.

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Market Overview:
Green ammonia is gaining traction as a pivotal solution in the global shift towards sustainability. Produced using renewable energy sources like wind and solar, it is increasingly being adopted in applications such as fertilizers, power generation, and as a hydrogen carrier. The drive to decarbonize hard-to-abate industries and expand clean hydrogen production is fueling market expansion.

Forecasted Growth Outlook:
The Global Green Ammonia Market is poised for substantial growth between 2024 and 2031. While the market showed steady progress in 2023, the increasing adoption of strategic initiatives by leading players is expected to significantly accelerate its expansion throughout the forecast period.

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.

Industry Development:

✦ In January 2025, Sungrow Hydrogen signed an agreement to supply water electrolysis equipment for ACME's 320 MW green ammonia project in Oman, with deliveries set for completion in 2025. The project is expected to begin operations in 2026, producing 300 tonnes of green ammonia per day.

✦ In February 2025, Uniper SE and Kyuden International signed a Memorandum of Understanding to explore collaboration in hydrogen and ammonia trading, renewable energy, and carbon capture, utilization, and storage (CCUS). The partnership aims to leverage Uniper's global low-carbon and green ammonia portfolio with Kyuden International's operations to create business opportunities in Asia and globally.

✦ In May 2024, Cepsa has picked thyssenkrupp nucera as the preferred supplier for a 300-megawatt electrolyzer for its new green hydrogen plant in Spain, set to open. The deal was revealed at the World Hydrogen Summit in Rotterdam. The electrolyzer will play an important role in producing green hydrogen, helping Cepsa's efforts to create sustainable energy solutions.

Research Methodology:

Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.

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Market Dynamics:

✦ Drivers:

Push for sustainability, decarbonization, and growing demand for eco-friendly fertilizers.

✦ Challenges:

High production costs and scalability issues.

✦Trends:

Integration with hydrogen production and advancements in ammonia synthesis technology.

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)

This Report Covers:

✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.
✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

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)

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Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Green Ammonia market?
➠ Who are the global key manufacturers of the Green Ammonia Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
➠ What are the Green Ammonia market opportunities and threats faced by the vendors in the global Green Ammonia Industry?
➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
➠ What focused approach and constraints are holding the Green Ammonia market?
➠ What are the different sales, marketing, and distribution channels in the global industry?

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