Green Ammonia Market: Current Analysis and Forecast (2021-2027)

Global Green Ammonia Market was valued at US$ 11.5 Million in 2020 and is anticipated to reach US$ 215 Million by 2027 displaying an elevated CAGR of 53.5% over the forecast period (2021-2027). Green ammonia is a green way to make ammonia that is a pungent gas used in making agricultural fertilizers. The production of green ammonia is the process of making ammonia that is 100% renewable and carbon-free. One of the most common methods of green ammonia production is by using green hydrogen from water electrolysis.
The world’s air quality is degrading rapidly as the air pollution levels are on the rise across the globe which may pose major health risks to the global population. For instance, as per, the World Health Organization, nearly 7 million deaths are attributed to air pollution every year. Also, 9 out of 10 people breathe air that exceeds WHO guideline limits containing high levels of pollutants, with low- and middle-income countries suffering from the highest exposures. To tackle the degrading environmental changes and their negative impacts, world leaders were legally bound to the Paris agreement in 2015. this agreement was joined by 191 parties and includes commitments from all countries to reduce their emissions and work together to adapt to the impacts of climate change. Owing to these concerns regarding the deteriorating environment and various government regulations for adopting cleaner energy alternatives the green ammonia market is expected to witness growth in upcoming years.
Another significant reason for the growth of this market is the rapid growth in technological advancements leading to the development of an infrastructure that supports environmentally friendly fuels. Consequently, many small and large green ammonia projects are being proposed by many private agencies and governments in various countries including Germany, U.S., Canada, Australia, New Zealand, Chile, Saudi Arabia, among others. For example, Yara, a Norwegian fertilizer maker intends to install electrolyzers to make 3,500 t per year of green ammonia at its plant in Pilbara, Australia.
Siemens, Thyssenkrupp, Nel Hydrogen, Green Hydrogen Systems, MAN Energy Solutions, Uniper, BASF, Enapter, ENGIE, Hiringa Energy are some of the prominent players operating in the green ammonia market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with new and innovative products.
Insights Presented in the Report
“Amongst Technology, solid oxide electrolysis segment holds the major share”
Amongst technology, the global green ammonia market is segmented into alkaline water electrolysis, proton exchange membrane, and solid oxide electrolysis. the solid oxide electrolysis segment of the green ammonia market held significant market share and is likely to showcase considerable growth during the forecast period as SOEC technology has undergone remarkable improvements and advancement over the last 10-15 years leading to the improved long-term durability by a factor of ∼100. further, the initial electrochemical performance of state-of-the-art SOEC single cells has been more than doubled. Owing to these advances and the growing demand for green hydrogen, many global companies are investing in these technologies. For example, Haldor Topsoe will invest in a manufacturing facility producing highly efficient SOEC with a total capacity of 500 megawatts per year with the option to expand to 5 gigawatts per year. This manufacturing facility is expected to become operational by 2023.

“Amongst End-User, power generation segment holds the major share”
Based on end-user, the green ammonia market is segmented into transportation, power generation, and industrial feedstock. Power generation accounted for significant market share in 2020 as ammonia is used in a fuel cell to produce electricity. In a fuel cell, the reaction takes place between ammonia and oxygen present in the air to produce electricity. Furthermore, the increasing share of renewables in power generation and reduction in the cost of equipment and technology associated with renewables is also propelling the market growth.
“Europe represents one of the largest markets of green ammonia market”
For a better understanding of the market dynamics of the green ammonia market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World has been conducted. Europe dominated the marketbin 2020 owing to the growing popularity of renewable energy and wider adoption of low carbon technologies including green ammonia in the region.
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• Deep dive regional level analysis of the industry
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