Press release
Green Ammonia Industry Booms Up for Global Trade New Investments $5.9 Bn by 2031
The Global Green Ammonia Market size was worth US$ 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).The Green Ammonia Market Report by DataM Intelligence delivers comprehensive insights into key market trends, growth drivers, and emerging challenges. With a focus on providing actionable intelligence, DataM Intelligence enables businesses to make informed strategic decisions and maintain a competitive edge. Leveraging both qualitative and quantitative research methodologies, the report offers in-depth analysis to help clients navigate complex market dynamics, identify new opportunities, and accelerate growth in today's rapidly evolving global landscape.
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Green Ammonia is ammonia produced using renewable energy sources (such as wind or solar) through electrolysis, which splits water into hydrogen and oxygen, eliminating carbon emissions. It's a clean alternative to traditional ammonia used in fertilizers, shipping fuel, and energy storage, and plays a critical role in the decarbonization of heavy industries.
List of the Market 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 News:
In May 2024, Cepsa selected thyssenkrupp nucera as its preferred supplier for a 300-megawatt electrolyzer to support its upcoming green hydrogen facility in Spain. Announced during the World Hydrogen Summit in Rotterdam, the electrolyzer will be instrumental in advancing Cepsa's green hydrogen production and commitment to sustainable energy solutions.
In October 2023, DAI Infrastruktur joined forces with Siemens Energy, a leading Egyptian technology company, to launch a green ammonia initiative in East Port Said, Egypt. Known as Project Ra, the venture aims to produce up to 2 million tons of green ammonia annually by 2028. Siemens Energy will supply electrolysers, auxiliary systems, and key equipment for the project's hydrogen island, while both companies will collaborate on engineering services during the development phase.
In September 2023, OPAL Fuels formed a joint venture with South Jersey Industries, an energy infrastructure firm, to develop, construct, own, and operate renewable natural gas (RNG) facilities.
Research Methodology:
The global Green Ammonia Market research report utilizes both primary and secondary data sources to provide a well-rounded analysis. Throughout the research process, various influential factors are assessed-including regulatory frameworks, current market dynamics, historical trends, competitive landscape, technological progress, upcoming innovations, and related industry developments. The report also considers market volatility, growth prospects, potential barriers, and emerging challenges to offer a comprehensive view of the market environment.
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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)
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
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People Also Ask:
➤ What are the global sales, production, consumption, import, and export figures for the Green Ammonia market?
➤ Who are the key players, and how do they perform in terms of capacity, output, pricing, and revenue?
➤ What major opportunities and challenges exist for vendors in this market?
➤ Which product types and end-user segments show the most growth potential and market share?
➤ What are the main growth drivers and restraints in the Green Ammonia market?
➤ What sales, marketing, and distribution channels are commonly used?
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