Global Green Ammonia Market 2024-2028

The green ammonia market is forecasted to grow by USD 3209.7 mn during 2023-2028, accelerating at a CAGR of 113.07% during the forecast period. The report on the green ammonia market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by introduction of green ammonia, rising concerns for environment, and scarcity of non-renewable sources.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	85.16%
CAGR	113.07%
Incremental Value	$3209.7 mn

Technavio's green ammonia market is segmented as below:

By Application

Power generation
Transportation
Industrial feedstock
Others

By Technology

Alkaline water electrolysis
Proton exchange membrane
Solid oxide electrolysis

By Geographical Landscape

Europe
North America
APAC
South America
Middle East and Africa

This study identifies the increasing investments boosting market growth as one of the prime reasons driving the green ammonia market growth during the next few years. Also, supportive government policies and rising need for renewable clean fuel will lead to sizable demand in the market.

The report on the green ammonia market covers the following areas:

Green ammonia market sizing
Green ammonia market forecast
Green ammonia market industry analysis

The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading green ammonia market vendors that include AquaHydrex Inc., BASF SE, CF Industries Holdings Inc., Cummins Inc., Enapter S.r.l., ENGIE SA, Greenfield Nitrogen LLC, Hiringa Energy Ltd., ITM Power PLC, MAIRE S.p.A., MAN Energy Solutions SE, McPhy Energy SA, Nel ASA, OCI NV, Siemens AG, Starfire Energy, thyssenkrupp AG, Topsoes AS, Uniper SE, and Yara International ASA. Also, the green ammonia market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR74973

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Green Ammonia Market 2018 - 2022
- Historic Market Size - Data Table on Global Green Ammonia Market 2018 - 2022 ($ million)
4.2 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 Technology segment analysis 2018 - 2022
- Historic Market Size - Technology Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
6.3 Power generation - Market size and forecast 2023-2028
- Chart on Power generation - Market size and forecast 2023-2028 ($ million)
- Data Table on Power generation - Market size and forecast 2023-2028 ($ million)
- Chart on Power generation - Year-over-year growth 2023-2028 (%)
- Data Table on Power generation - Year-over-year growth 2023-2028 (%)
6.4 Transportation - Market size and forecast 2023-2028
- Chart on Transportation - Market size and forecast 2023-2028 ($ million)
- Data Table on Transportation - Market size and forecast 2023-2028 ($ million)
- Chart on Transportation - Year-over-year growth 2023-2028 (%)
- Data Table on Transportation - Year-over-year growth 2023-2028 (%)
6.5 Industrial feedstock - Market size and forecast 2023-2028
- Chart on Industrial feedstock - Market size and forecast 2023-2028 ($ million)
- Data Table on Industrial feedstock - Market size and forecast 2023-2028 ($ million)
- Chart on Industrial feedstock - Year-over-year growth 2023-2028 (%)
- Data Table on Industrial feedstock - Year-over-year growth 2023-2028 (%)
6.6 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Technology

7.1 Market segments
- Chart on Technology - Market share 2023-2028 (%)
- Data Table on Technology - Market share 2023-2028 (%)
7.2 Comparison by Technology
- Chart on Comparison by Technology
- Data Table on Comparison by Technology
7.3 Alkaline water electrolysis - Market size and forecast 2023-2028
- Chart on Alkaline water electrolysis - Market size and forecast 2023-2028 ($ million)
- Data Table on Alkaline water electrolysis - Market size and forecast 2023-2028 ($ million)
- Chart on Alkaline water electrolysis - Year-over-year growth 2023-2028 (%)
- Data Table on Alkaline water electrolysis - Year-over-year growth 2023-2028 (%)
7.4 Proton exchange membrane - Market size and forecast 2023-2028
- Chart on Proton exchange membrane - Market size and forecast 2023-2028 ($ million)
- Data Table on Proton exchange membrane - Market size and forecast 2023-2028 ($ million)
- Chart on Proton exchange membrane - Year-over-year growth 2023-2028 (%)
- Data Table on Proton exchange membrane - Year-over-year growth 2023-2028 (%)
7.5 Solid oxide electrolysis - Market size and forecast 2023-2028
- Chart on Solid oxide electrolysis - Market size and forecast 2023-2028 ($ million)
- Data Table on Solid oxide electrolysis - Market size and forecast 2023-2028 ($ million)
- Chart on Solid oxide electrolysis - Year-over-year growth 2023-2028 (%)
- Data Table on Solid oxide electrolysis - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Technology
- Market opportunity by Technology ($ million)
- Data Table on Market opportunity by Technology ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.10 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.11 Russia - Market size and forecast 2023-2028
- Chart on Russia - Market size and forecast 2023-2028 ($ million)
- Data Table on Russia - Market size and forecast 2023-2028 ($ million)
- Chart on Russia - Year-over-year growth 2023-2028 (%)
- Data Table on Russia - Year-over-year growth 2023-2028 (%)
9.12 Australia - Market size and forecast 2023-2028
- Chart on Australia - Market size and forecast 2023-2028 ($ million)
- Data Table on Australia - Market size and forecast 2023-2028 ($ million)
- Chart on Australia - Year-over-year growth 2023-2028 (%)
- Data Table on Australia - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 BASF SE
- BASF SE - Overview
- BASF SE - Business segments
- BASF SE - Key news
- BASF SE - Key offerings
- BASF SE - Segment focus
12.4 CF Industries Holdings Inc.
- CF Industries Holdings Inc. - Overview
- CF Industries Holdings Inc. - Business segments
- CF Industries Holdings Inc. - Key offerings
- CF Industries Holdings Inc. - Segment focus
12.5 Cummins Inc.
- Cummins Inc. - Overview
- Cummins Inc. - Business segments
- Cummins Inc. - Key news
- Cummins Inc. - Key offerings
- Cummins Inc. - Segment focus
12.6 Enapter S.r.l.
- Enapter S.r.l. - Overview
- Enapter S.r.l. - Product / Service
- Enapter S.r.l. - Key offerings
12.7 Greenfield Nitrogen LLC
- Greenfield Nitrogen LLC - Overview
- Greenfield Nitrogen LLC - Product / Service
- Greenfield Nitrogen LLC - Key offerings
12.8 ITM Power PLC
- ITM Power PLC - Overview
- ITM Power PLC - Product / Service
- ITM Power PLC - Key offerings
12.9 MAIRE S.p.A.
- MAIRE S.p.A. - Overview
- MAIRE S.p.A. - Product / Service
- MAIRE S.p.A. - Key offerings
12.10 MAN Energy Solutions SE
- MAN Energy Solutions SE - Overview
- MAN Energy Solutions SE - Product / Service
- MAN Energy Solutions SE - Key offerings
12.11 McPhy Energy SA
- McPhy Energy SA - Overview
- McPhy Energy SA - Product / Service
- McPhy Energy SA - Key news
- McPhy Energy SA - Key offerings
12.12 Nel ASA
- Nel ASA - Overview
- Nel ASA - Business segments
- Nel ASA - Key offerings
- Nel ASA - Segment focus
12.13 OCI NV
- OCI NV - Overview
- OCI NV - Business segments
- OCI NV - Key offerings
- OCI NV - Segment focus
12.14 Siemens AG
- Siemens AG - Overview
- Siemens AG - Business segments
- Siemens AG - Key news
- Siemens AG - Key offerings
- Siemens AG - Segment focus
12.15 thyssenkrupp AG
- thyssenkrupp AG - Overview
- thyssenkrupp AG - Business segments
- thyssenkrupp AG - Key news
- thyssenkrupp AG - Key offerings
- thyssenkrupp AG - Segment focus
12.16 Topsoes AS
- Topsoes AS - Overview
- Topsoes AS - Product / Service
- Topsoes AS - Key offerings
12.17 Yara International ASA
- Yara International ASA - Overview
- Yara International ASA - Business segments
- Yara International ASA - Key offerings
- Yara International ASA - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations