Press release
Green Ammonia Market Size to Reach USD 12.58 Billion by 2030, Driven by Clean Fuel Demand and Renewable Energy Integration
IntroductionThe Green Ammonia Market is expected to grow significantly in the coming years, reaching USD 12.58 billion by 2030, up from USD 0.83 billion in 2023, according to a recent Mordor Intelligence report. This growth represents a compound annual growth rate (CAGR) of 48.36% during the forecast period from 2023 to 2030.
As countries aim to reduce greenhouse gas emissions and meet decarbonization targets, green ammonia-produced using renewable electricity through water electrolysis-is gaining momentum. It offers a carbon-free alternative to conventional ammonia and serves multiple applications, from fertilizer to fuel, particularly in sectors that are hard to electrify such as shipping and heavy industry.
Access the complete data-driven outlook on the Green Ammonia Market now: https://www.mordorintelligence.com/industry-reports/green-ammonia-market?utm_source=openpr
Key Trends Shaping the Market
Clean Fuel for Maritime and Power Generation:
Green ammonia is emerging as a clean fuel option for the maritime sector, which is under pressure to reduce carbon emissions. Additionally, some thermal power plants are testing ammonia as a fuel or co-firing option with coal to reduce overall emissions.
Decarbonization of Fertilizer Industry:
Ammonia is widely used in fertilizers, but its production has traditionally relied on fossil fuels. Green ammonia allows the same function without carbon emissions, aligning with sustainable agriculture goals.
Policy Support and Net-zero Commitments:
Government policies across Europe, Asia-Pacific, and the Middle East are supporting investment in green hydrogen and ammonia projects. Net-zero commitments by various countries are also encouraging the development of green ammonia plants.
Investment in Electrolyzer Capacity:
The growth in electrolyzer manufacturing capacity is expected to lower the cost of green hydrogen production, which is a key input in green ammonia. This cost reduction is critical to making green ammonia competitive with its conventional counterpart.
Export Potential:
Countries with abundant renewable resources are considering green ammonia exports. Nations like Australia and Saudi Arabia are developing large-scale projects aimed at supplying ammonia to energy-importing regions like Europe and Japan.
Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/green-ammonia-market?utm_source=openpr
Market Segmentation
The green ammonia market is segmented by technology, application, and geography, with each segment playing a unique role in market development.
By Technology:
Alkaline Water Electrolysis: A widely used method due to its simplicity and cost-effectiveness in large-scale production.
Proton Exchange Membrane (PEM): Offers higher efficiency and flexibility, gaining traction in compact and dynamic operations.
Solid Oxide Electrolysis: Emerging as a high-efficiency method, particularly suitable for integration with industrial heat sources.
By Application:
Fertilizers: Currently the primary application, replacing conventional ammonia in agriculture to meet sustainability standards.
Power Generation: Used as a carbon-free fuel source in gas turbines and co-firing applications.
Transportation: Focus on maritime shipping, with pilot projects exploring ammonia-fueled engines and bunkering infrastructure.
Industrial Feedstock: Chemical and hydrogen production industries are exploring green ammonia as a raw material.
By Geography:
Europe: Leading the global green ammonia market, driven by strict emission regulations and strong support for hydrogen strategies.
Asia-Pacific: Countries like Japan, South Korea, India, and Australia are making significant investments in renewable ammonia.
Middle East & Africa: Key producers like Saudi Arabia and the UAE are leveraging solar and wind resources for green ammonia export projects.
North America: Increasing interest in clean energy solutions and funding support, particularly in the United States.
South America: An emerging region with growing potential, especially in countries with renewable energy surplus.
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Key Players in the Market
The green ammonia market is witnessing increased activity from energy majors, chemical companies, and emerging clean energy firms. These players are entering partnerships, launching demonstration projects, and scaling up investments to meet future demand.
Siemens Energy AG: Active in developing electrolysis technologies and green ammonia pilot projects across Europe.
ThyssenKrupp AG: Offers ammonia synthesis technology and is involved in several industrial-scale projects involving green hydrogen and ammonia production.
Nel ASA: A Norwegian company focused on electrolyzers and green hydrogen production, which directly supports green ammonia development.
Yara International ASA: One of the world's largest ammonia producers, Yara is shifting toward green production to serve both fertilizer and fuel markets.
ACME Group: An Indian firm that is working on large-scale green ammonia projects, including international collaborations for exports.
IHI Corporation: Based in Japan, the company is advancing ammonia combustion technology for use in power generation and maritime transport.
CF Industries Holdings Inc.: A leading ammonia producer that is investing in carbon-free production pathways and has signed agreements for green ammonia supply.
ITM Power PLC: Specializes in PEM electrolyzers and is collaborating with major energy firms to develop integrated green ammonia facilities.
Air Products and Chemicals Inc.: Involved in joint ventures to build one of the world's largest green ammonia plants in Saudi Arabia.
These companies are building strategic partnerships with governments and utilities to launch demonstration plants, scale operations, and develop infrastructure to support green ammonia usage globally.
Explore more about the Green Ammonia Market Competitive Landscape: https://www.mordorintelligence.com/industry-reports/green-ammonia-market/companies?utm_source=openpr
Conclusion
The green ammonia market is at the center of the global energy transition. With its dual role as an industrial chemical and a carbon-free energy carrier, green ammonia is gaining interest across sectors. The alignment with net-zero targets, support from international policy frameworks, and technological readiness of electrolysis are creating a viable path for rapid adoption.
While costs remain a challenge, increasing investment, growing electrolyzer capacity, and supportive policy measures are helping close the gap with conventional ammonia. As countries look for scalable and exportable clean energy solutions, green ammonia is positioned to become a vital component in the future energy mix.
Get expert-backed research and strategic insights-view the complete analysis here: https://www.mordorintelligence.com/industry-reports/copper-market?utm_source=openpr
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Get more insights: https://www.mordorintelligence.com/industry-reports/copper-market?utm_source=openpr
For any inquiries or to access the full report, please contact:
media@mordorintelligence.com
https://www.mordorintelligence.com/
About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.
With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
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