"Actionable Insights to Fuel Your Growth"

Green Ammonia Market Size, Share & Industry Analysis, By Technology (Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM), Solid Oxide Electrolysis (SOE)), By End-user (Power generation , Transportation, Industrial Feedstock) And Regional Forecast, 2024-2032

Region : Global | Report ID: FBI105642 | Status : Ongoing



Green ammonia is produced through the electrochemical Haber-Bosch process using renewable energy and assists to reduce greenhouse emissions which is essential to achieve zero-emission targets. The challenges faced by fossil fuel power generation like revenues, installations, capital expenditure, and high carbon emissions, power generation sector is a huge potential market in terms of usage of green ammonia to generate energy.

Based on the technology, the market is classified as alkaline water electrolysis (AWE), proton exchange membrane (PEM), and solid oxide electrolysis (SOE). The solid oxide electrolysis (SOE) segment accounted for the major share of the market and it is anticipated that it will maintain its attractiveness during the forecast period, which can be attributed to the rise in demand for fuel cells. Fuel cells also enable the storage of electricity in times of surplus supply.

Based on the end-user, the global market is classified into power generation, transportation, and industrial feedstock. The power generation segment accounted for the major share in the market. Power generation using green ammonia is a cleaner alternative to using coal as it reduces carbon emissions and is a step towards sustainable development.

Several governments and organizations across the globe are issuing regulatory mandates and legislative directives regarding the carbon emissions of industries. The fertilizer industry is a major end-user of ammonia, along with the chemical industry, refrigeration industry, and so on. The huge demand for ammonia has made it imperative to develop cleaner alternatives to ammonia, to reduce carbon emissions. This obligation of sustainable development is the key market driver of the green ammonia market.

The key market restraint for the market is the high cost of installing infrastructure for the production of green ammonia. Also, the cost of electrolyzers increases the cost of operations, which affects the growth of the market.

Key Market Driver -

Responsibility to reduce greenhouse emissions for power generation

Key Market Restraint -

High Initial Capital Cost for production of green ammonia

Key Players Covered:

Some of the major companies in the global green ammonia market are BASF, Siemens, Yara International, Green Hydrogen Systems, ITM Power, EXYTRON GmbH, MAN Energy Solutions, Haldor Topsoe A/S, Aquahydrex, Inc, Starfire Energy, Electrochaea, and ThyssenKrupp.

Regional Analysis:

The global green ammonia market is studied across different regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe accounted for the major share of the global market, as most of the green hydrogen projects are functional in Germany and Netherlands. The European market is also increasing due to the favorable government initiatives and policies that urge the need of production of green hydrogen for achieving its energy transition goals and maintaining energy-intensive industries to improve the business climate, which has propelled the demand for green ammonia. The Netherlands is the fastest-growing country for the global green ammonia market, owing to the launch of the national hydrogen program as per the Climate Agreement, which aims to achieve 4GW of installed electrolyzer capacity by 2030.

To gain extensive insights into the market, Request for Customization





By Technology

  • Alkaline Water Electrolysis (AWE)

  • Proton Exchange Membrane (PEM)

  • Solid Oxide Electrolysis (SOE)


By End-user

  • Power generation  

  • Transportation

  • Industrial Feedstock


By Geography

  • North America (U.S. and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

  • Asia Pacific (Japan, China, India, A, Southeast Asia, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Key Industry Developments

  • In April 2020, ITM Energy received a project by the UK Government to provide green hydrogen solutions to produce renewable hydrogen by using 100 MW electrolyzers.

  • In December 2019, Nel Fuel AS, got into a joint venture with H2 Energy AS, Greenstat AS and Akershus Energi Infrastruktur AS, as equal shareholders, to provide green hydrogen to Norway.

  • Ongoing
  • 2023
  • 2019-2022


  • $4850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Energy & Power Clients


Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.