Green Ammonia Market Expands Across Transportation, Power, and Industrial Sectors

Global Green Ammonia Market Size, Share & Trends Analysis Report By Technology (Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM) Electrolysis, Solid Oxide Electrolysis), End-Use Application (Transportation, Power Generation, Industrial Feedstock), By Region, And Segment Forecasts, 2025-2034

The global Green Ammonia market is estimated to reach over USD 140.2 billion by the year 2034, exhibiting a CAGR of 70.0% during the forecast period.

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The renewable ammonia market is poised for substantial growth over the forecast period, driven largely by robust governmental policies targeting low or net-zero carbon emissions. Renewable ammonia is anticipated to serve as a key vector for interregional renewable energy transport, supporting global energy transition initiatives. Additionally, rising demand from diverse end-use sectors-including agriculture (fertilizers), power generation, transportation, and various industrial applications-is expected to reinforce market expansion.

The increasing adoption of green ammonia as a sustainable alternative in pharmaceutical production and as an industrial feedstock is further contributing to market growth. While the COVID-19 pandemic temporarily disrupted production, caused workforce constraints, and led to intermittent plant closures, the market has demonstrated steady recovery. Heightened environmental awareness, broader industrial applications, and supportive regulatory frameworks are projected to accelerate the renewable ammonia market's growth in the coming years.

List of Prominent Players in the Green Ammonia Market:
• Siemens Energy
• Thyssenkrupp Ag
• Man Energy Solutions
• Nel Asa
• ITM Power
• Mcphy Energy S.A.
• Enapter S.R.L.
• Green Hydrogen Systems
• Fuelpositive Corporation
• Stamicarbon
• Hydrogenics
• Hygenco
• Electrochaea
• Starfire Energy
• Exytron
• Aquahydrex
• Yara International
• BASF SE
• Engie
• Uniper SE
• Queensland Nitrates

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Market Dynamics
Drivers:
The global green ammonia market is projected to register substantial growth during the forecast period, driven by rising environmental awareness and the accelerating shift toward renewable energy sources. This expansion is further reinforced by the enforcement of stringent environmental regulations and the implementation of government initiatives aimed at reducing dependence on fossil fuels. Additionally, the increasing demand for sustainable fertilizers to enhance agricultural productivity and crop quality is fueling the adoption of green ammonia across the agricultural sector.

Challenges:
Efforts by governments worldwide to mitigate greenhouse gas emissions have intensified the demand for low-carbon alternatives such as green ammonia. Simultaneously, declining costs of renewable energy technologies-particularly wind and solar-have enhanced the economic feasibility of producing green ammonia via sustainable processes. While these trends create significant opportunities, they also highlight the necessity for continued investment in scalable production infrastructure to meet growing global demand.

Regional Trends:
North America is anticipated to maintain a leading position in the green ammonia market, driven by strong demand from applications in agriculture, power generation, and transportation. The region's expanding population and rising food requirements are propelling growth in the agricultural sector, which, in turn, is increasing the need for green ammonia-based fertilizers.

In the United States, agriculture continues to be a key economic driver, encompassing over two million farms and approximately 895 million acres of farmland as of 2021. The high cultivation of staple crops, including corn and cereals, underscores the strategic importance of green ammonia in supporting sustainable and efficient agricultural practices.

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Recent Developments:
• In May 2022, According to LSB Industries, Inc., it has agreements with ThyssenKrupp Uhde USA, LLC and Bloom Energy to build a project that will create about 30,000 metric tonnes of green or zero-carbon ammonia annually at LSB's facility in Pryor, Oklahoma.

Segmentation of Green Ammonia Market-
By Technology-
• Alkaline Water Electrolysis
• Proton Exchange Membrane
• Solid Oxide Electrolysis
By End-Use Application-
• Power Generation
• Transportation
• Industrial Feedstocks
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.