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Green Ammonia Market worth $17.9 Billion by 2030

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Green Ammonia Market worth $17.9 Billion by 2030

March 01
01:05 2023
Green Ammonia Market worth $17.9 Billion by 2030
The global green ammonia market is expected to grow from USD 0.3 billion in 2023 to reach USD 17.9 billion by 2030, at a CAGR of 72.9% during the forecast period.

The global Green Ammonia Market is projected to reach USD 17.9 billion in 2030 from USD 0.3 billion in 2023 at a CAGR of 72.9% according to a new report by MarketsandMarkets™. The Green Ammonia Market has promising growth potential due to the rising deployment of fuel cell vehicles.

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Power generation to witness fastest growth rate in Green Ammonia Market

The Green Ammonia Market, by application, is divided into power generation, transportation and industrial feedstocks, wherein industrial feedstocks accounts for the largest share.   Power generation is the fastest growing segment during the forecast period. The growth is attributed to the increasing number of deployments of alkaline water electrolysis for small scale power generation applications in Europe and Asia Pacific.

Alkaline water electrolysis expected to dominate Green Ammonia Market

The alkaline water electrolysis segment holds the largest share of the Green Ammonia Market. The large market share can be attributed to the increasing number of large scale projects for the green hydrogen production.

Europe expected to dominate Green Ammonia Market during forecast period

In this report, the Green Ammonia Market has been analyzed for four regions: Europe, Asia Pacific, North America and the rest of the World. Europe is a significant contributor to the Green Ammonia Market in the current scenario of electrolysis technology, owing to the rapidly increasing cost-competitiveness which enables consumers to have access to clean electricity.

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Key Market Players:

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of a few of the top players in the Green Ammonia Market.

The Green Ammonia Market is dominated by a few major players that have a wide regional presence. The leading players in the Green Ammonia Market are Siemens Energy (Germany), NEL ASA (Norway), ThyssenKrupp AG (Germany), ITM Power (UK), YARA International (Norway), and BASF SE (Germany) and others.

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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

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