조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2024년07월
Green Ammonia Market – Global Forecast To 2029
그린 암모니아 시장 – 기술 [알칼리수 전해(AWE), 양성자 교환막(PEM), SOE], 최종 용도 [수송, 발전, 공업용 원료(공업용, 비료)], 지역별 – 2030년까지의 세계 예측과 동향
Green Ammonia Market by Technology (Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM), SOE), End-Use Application (Transportation, Power Generation, Industrial Feedstock (Industrial, Fertilizers)), Region – Global Forecast & Trends to 2030
| 페이지 수 | 273 |
| 도표 수 | 349 |
| 가격 | |
| Single User License | USD 4,950 |
| Multi User License | USD 6,650 |
| Corporate License | USD 8,150 |
| Enterprise License | USD 10.000 |
| 구성 | 영문조사보고서 |
Report Overview
The green ammonia market is expected to grow from USD 0.3 billion in 2024 to USD 6.2 billion by 2030, with a CAGR of 66.0% during the forecast period.
그린 암모니아 시장은 2024년 3억 달러에서 2030년까지 62억 달러로 성장했으며 예측 기간 동안 CAGR은 66.0%로 예상됩니다.
The development of a global hydrogen economy is driving the demand for green ammonia. As an efficient hydrogen carrier, green ammonia is crucial for transporting hydrogen over long distances and enabling its use in various applications, including power generation, transportation, and industrial processes.
“Solid oxide electrolysis technology segment to be the fastest-growing market from 2024 to 2030”
The green ammonia market is divided into three technological categories: alkaline water electrolysis, proton exchange membrane electrolysis, and solid oxide electrolysis. The increasing global need for green hydrogen is pushing the use of Solid Oxide Electrolysis Cell (SOEC) technology, which provides an effective technique for producing hydrogen from renewable sources. SOEC technology is more energy efficient than conventional electrolysis technologies, giving it a competitive advantage in the green ammonia industry. The scalability of SOEC systems enables both small-scale and large-scale applications, satisfying the green ammonia industry’s different requirements.
“Industrial Feedstock, by end-use application, expected to be the largest market from 2024 to 2030”
The green ammonia market, by end-use application, is bifurcated into power generation, transportation and industrial feedstock. The industrial feedstocks segment is expected to be the largest market, followed by power generation during the forecast period. This dominance is because of the need for green fertilizers in agricultural industries. The growing emphasis on sustainability and decreasing carbon footprints in industrial operations fuels demand for green ammonia as a greener alternative to standard ammonia manufacturing methods. Governments are adopting rules and incentives to encourage industry to use green ammonia. Green ammonia may be employed as a hydrogen carrier for energy storage, making it a flexible alternative for balancing supply and demand in renewable energy systems. Green ammonia is utilized in a variety of industrial applications, including fertilizers, chemicals, and medicines, where sustainability is increasingly important.
“Europe is expected to be the largest region in the green ammonia market.”
Several European nations have made significant pledges to increase the proportion of renewable energy in their energy mix. The availability of wind and solar resources in Europe offers a solid foundation for the creation of green hydrogen, which is subsequently converted into green ammonia. The combination of green ammonia with renewable energy sources helps to stabilize the system and store extra energy. In addition, Europe has made major investments in the infrastructure required for green ammonia production, storage, and delivery. The construction of pipelines, terminals, and storage facilities improves the scalability and logistics of green ammonia, allowing it to be widely adopted throughout the area.
Breakdown of Primaries:
In-depth interviews have been conducted with a variety of key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as assess future market prospects. The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
- By Designation: C-Level- 30%, Director Level- 25%, and Others- 45%
- By Region: North America – 25%, Europe – 25%, Asia Pacific – 30%, Middle East & Africa– 10% and South America – 10%
Note: Other designations include sales managers, marketing managers, product managers, and product engineers.
The tier of the companies is defined based on their total revenue as of 2023. Tier 1: USD 1 billion and above, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: <USD 500 million.
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), ACME Group (India), ThyssenKrupp AG (Germany), Nel ASA (Norway), Iberdrola, S.A. (Spain), and Yara (Norway) among others. The major strategy adopted by the players includes new product launches, partnerships, collaboration, merger, and investments & expansions.
Research Coverage:
The report defines, describes, and forecasts the global green ammonia market by technology, capacity, end-use application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the sustainable fuel market.
Key Benefits of Buying the Report
- Increasing emphasis on net zero emissions and supporting government regulations are just a few of the primary drivers propelling the green ammonia market. Regulatory and legislative uncertainties, as well as costly initial capital expenditure, limit the market’s expansion. The ongoing energy shift to reduce carbon emissions is likely to provide attractive prospects for green ammonia market participants.
- Product Development/ Innovation: The green ammonia market is seeing substantial product development and innovation, driven by rising environmental concerns. Companies are investing in improved green ammonia manufacturing technology.
- Market Development: ThyssenKrupp AG has signed an engineering and supply contract with CF Industries to deliver a green hydrogen plant for the production of green ammonia at the Donaldsonville industrial complex in Louisiana. Under this deal, ThyssenKrupp AG will design and build a 20 MW hydrogen production unit using their alkaline water electrolysis technology, as well as all related utilities.
- Market Diversification: Siemens Energy collaborated with Fortescue Future Industries, a green hydrogen manufacturing company, and GeoPura, a provider of renewable energy, EV charging, and emission-free electricity, to create an ammonia cracker prototype designed to produce green hydrogen on an industrial scale, thereby addressing climate change and lowering carbon emissions. The prototype would use ammonia to generate 200 kg of hydrogen each day, enough to power around 5-10 hydrogen fuel cell electric buses.
- Competitive Assessment: In-depth analysis of market share, growth plans, and service offerings of top companies in the green ammonia industry, including Siemens Energy (Germany), ACME (India), ThyssenKrupp AG (Germany), Nel ASA (Norway), Iberdrola, S.A. (Spain), and Yara (Norway) among others.
Table of Contents
1 INTRODUCTION 26
1.1 STUDY OBJECTIVES 26
1.2 MARKET DEFINITION 26
1.3 STUDY SCOPE 27
1.3.1 INCLUSIONS AND EXCLUSIONS 27
1.3.2 MARKETS COVERED 28
1.3.3 YEARS CONSIDERED 29
1.4 CURRENCY CONSIDERED 29
1.5 LIMITATIONS 29
1.6 STAKEHOLDERS 30
1.7 SUMMARY OF CHANGES 30
1.8 RECESSION IMPACT 31
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH APPROACH 32
2.2 DATA TRIANGULATION 33
2.2.1 PRIMARY AND SECONDARY RESEARCH 33
2.2.1.1 Secondary data 33
2.2.1.2 List of major secondary sources 34
2.2.1.3 Key data from secondary sources 34
2.2.2 PRIMARY DATA 34
2.2.2.1 List of primary interview participants 35
2.2.2.2 Key data from primary sources 35
2.2.2.3 Breakdown of primaries 35
2.3 MARKET SIZE ESTIMATION METHODOLOGY 37
2.3.1 BOTTOM-UP APPROACH 37
2.3.2 TOP-DOWN APPROACH 38
2.4 DEMAND-SIDE ANALYSIS 39
2.4.1 DEMAND-SIDE METRICS 39
2.4.1.1 Assumptions for demand-side analysis 40
2.4.1.2 Calculations for demand-side analysis 40
2.4.2 SUPPLY-SIDE ANALYSIS 41
2.4.2.1 Assumptions for supply-side analysis 41
2.4.2.2 Calculations for supply-side analysis 42
2.4.3 FORECAST 42
2.5 RESEARCH LIMITATIONS 43
2.6 RISK ANALYSIS 43
2.7 IMPACT OF RECESSION ON MARKET 43
3 EXECUTIVE SUMMARY 44
4 PREMIUM INSIGHTS 49
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN GREEN AMMONIA MARKET 49
4.2 GREEN AMMONIA MARKET, BY REGION 49
4.3 GREEN AMMONIA MARKET, BY TECHNOLOGY 50
4.4 GREEN AMMONIA MARKET, BY CAPACITY 50
4.5 GREEN AMMONIA MARKET, BY APPLICATION 51
4.6 GREEN AMMONIA MARKET IN EUROPE, BY APPLICATION AND COUNTRY 51
5 MARKET OVERVIEW 52
5.1 INTRODUCTION 52
5.2 MARKET DYNAMICS 52
5.2.1 DRIVERS 53
5.2.1.1 Need to store renewable energy for longer term 53
5.2.1.2 Regulatory policies and incentives to reduce GHG emissions 53
5.2.1.3 Increased need for eco-friendly fertilizers 54
5.2.2 RESTRAINTS 55
5.2.2.1 High initial setup costs 55
5.2.3 OPPORTUNITIES 55
5.2.3.1 Potential of ammonia as maritime fuel 55
5.2.3.2 Increasing focus on building hydrogen-based economy 56
5.2.3.3 Plans to achieve net-zero and electrolyzers target 56
5.2.4 CHALLENGES 57
5.2.4.1 Lack of information about green ammonia among chemical manufacturers 57
5.2.4.2 Low level of technology readiness for use of ammonia as zero-carbon fertilizer, fuel, and energy storage 57
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 58
5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PROVIDERS OF GREEN AMMONIA 58
5.4 SUPPLY CHAIN ANALYSIS 59
5.4.1 TECHNOLOGY PROVIDERS 59
5.4.2 PRODUCERS 59
5.4.3 AMMONIA PLANT EPC COMPANIES 59
5.4.4 END USERS 59
5.5 ECOSYSTEM ANALYSIS 60
5.6 TECHNOLOGY ANALYSIS 61
5.6.1 KEY TECHNOLOGIES 61
5.6.1.1 Electrolyzer-based Haber-Bosch process 61
5.6.1.2 Proton exchange membrane electrolysis 61
5.6.1.3 Alkaline electrolysis 61
5.6.1.4 Solid oxide electrolysis 62
5.6.2 COMPLEMENTARY TECHNOLOGY ANALYSIS 62
5.6.2.1 Electrochemical synthesis 62
5.6.2.2 Photochemical synthesis 63
5.6.2.3 Biomass with carbon capture and storage 63
5.7 CASE STUDY ANALYSIS 63
5.7.1 DOWNSCALING HABER-BOSCH 63
5.7.1.1 Background 63
5.7.1.2 Challenges 64
5.7.1.3 Solution 64
5.7.2 STORING AND TRANSPORTING RENEWABLE ENERGY 64
5.7.2.1 Background 64
5.7.2.2 Challenges 64
5.7.2.3 Solution 64
5.7.3 DEVELOPING CARBON-FREE ENERGY SYSTEMS WITH GREEN AMMONIA 65
5.7.3.1 Background 65
5.7.3.2 Challenges 65
5.7.3.3 Solution 65
5.8 PATENT ANALYSIS 66
5.9 TRADE ANALYSIS 70
5.9.1 HS CODE 2814 70
5.9.1.1 Export scenario 70
5.9.1.2 Import scenario 71
5.9.2 HS CODE 280410 72
5.9.2.1 Export scenario 72
5.9.2.2 Import scenario 73
5.9.3 HS CODE 280430 74
5.9.3.1 Export scenario 74
5.9.3.2 Import scenario 75
5.10 PRICING ANALYSIS 76
5.10.1 AVERAGE LEVELIZED COST OF GREEN AMMONIA, BY REGION 76
5.10.2 INDICATIVE PRICING ANALYSIS, BY TECHNOLOGY (USD) 77
5.11 KEY CONFERENCES & EVENTS, 2024–2025 77
5.12 MARKET MAP 78
5.13 REGULATORY LANDSCAPE 78
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78
5.13.2 REGULATIONS 80
5.14 PORTER’S FIVE FORCES ANALYSIS 81
5.14.1 THREAT OF SUBSTITUTES 82
5.14.2 BARGAINING POWER OF SUPPLIERS 82
5.14.3 BARGAINING POWER OF BUYERS 82
5.14.4 THREAT OF NEW ENTRANTS 82
5.14.5 INTENSITY OF COMPETITIVE RIVALRY 83
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 83
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 83
5.15.2 BUYING CRITERIA 84
5.16 INVESTMENT AND FUNDING SCENARIO 85
6 KEY ELEMENTS IN GREEN AMMONIA PRODUCTION 86
6.1 NECESSARY ELEMENTS TO PRODUCE GREEN AMMONIA 86
6.1.1 POWER SOURCE 86
6.1.2 ELECTROLYZERS 87
6.1.3 HABER-BOSCH REACTORS 87
6.1.4 AIR SEPARATION UNITS 88
6.1.5 AMMONIA STORAGE UNITS 88
7 GREEN AMMONIA MARKET, BY TECHNOLOGY 89
7.1 INTRODUCTION 90
7.2 ALKALINE WATER ELECTROLYSIS 91
7.2.1 MATURITY AND COST-EFFECTIVENESS – KEY GROWTH DRIVERS 91
7.3 PROTON EXCHANGE MEMBRANE ELECTROLYSIS 92
7.3.1 FLEXIBLE TECHNOLOGY FOR DYNAMIC AND INTERMITTENT RENEWABLE ENERGY SYSTEMS 92
7.4 SOLID OXIDE ELECTROLYSIS 94
7.4.1 LOW DEMAND DUE TO INSTABILITY OF POWER SOURCES 94
8 GREEN AMMONIA MARKET, BY CAPACITY 95
8.1 INTRODUCTION 96
8.2 SMALL-SCALE 97
8.2.1 FLEXIBILITY AND LOWER CAPITAL INVESTMENT TO FUEL GROWTH 97
8.3 MEDIUM-SCALE 97
8.3.1 RISING REGIONAL AND LOCAL DEMAND TO BOOST GROWTH 97
8.4 LARGE-SCALE 97
8.4.1 EXTENSIVE PRODUCTION CAPACITY TO EXPEDITE GROWTH 97
9 GREEN AMMONIA MARKET, BY APPLICATION 98
9.1 INTRODUCTION 99
9.2 INDUSTRIAL FEEDSTOCK 100
9.2.1 FERTILIZERS 102
9.2.1.1 Wide-scale use of ammonia in production of agricultural fertilizers 102
9.2.2 CHEMICAL, PHARMACEUTICAL, TEXTILE 102
9.2.2.1 Growing demand from industries for sustainability 102
9.3 POWER GENERATION 102
9.3.1 CRUCIAL ROLE IN GAS TURBINES TO BOOST MARKET GROWTH 102
9.4 TRANSPORTATION 104
9.4.1 INCREASING INVESTMENTS IN FUEL CELL PROJECTS TO DRIVE MARKET 104
10 GREEN AMMONIA MARKET, BY REGION 105
10.1 INTRODUCTION 106
10.2 EUROPE 108
10.2.1 RECESSION IMPACT: EUROPE 109
10.2.2 EUROPE: MACRO FACTORS 110
10.2.2.1 Europe: Ammonia production 110
10.2.2.2 Europe: Hydrogen generation 110
10.2.2.3 Europe: Installed renewable capacity 110
10.2.2.4 Europe: Greenhouse gas emissions 111
10.2.3 BY TECHNOLOGY 111
10.2.4 BY APPLICATION 112
10.2.5 BY COUNTRY 112
10.2.5.1 Germany 113
10.2.5.1.1 Ongoing green ammonia projects to stimulate market growth 113
10.2.5.1.2 Germany: Macro factors 114
10.2.5.1.3 By application 115
10.2.5.2 UK 115
10.2.5.2.1 Role of green ammonia in country’s net-zero emission goal to boost production 115
10.2.5.2.2 UK: Macro factors 116
10.2.5.2.3 By application 116
10.2.5.3 Netherlands 117
10.2.5.3.1 Favorable government policies and initiatives to drive market 117
10.2.5.3.2 Netherlands: Macro factors 117
10.2.5.3.3 By application 118
10.2.5.4 Denmark 119
10.2.5.4.1 Investments in large-scale green ammonia projects to fuel market growth 119
10.2.5.4.2 Denmark: Macro factors 119
10.2.5.4.3 By application 120
10.2.5.5 Norway 120
10.2.5.5.1 Need for carbon-free products in country to boost market growth 120
10.2.5.5.2 Norway: Macro factors 121
10.2.5.5.3 By application 121
10.2.5.6 Spain 122
10.2.5.6.1 Significant growth in green ammonia projects due to excellent resources 122
10.2.5.6.2 Spain: Macro factors 123
10.2.5.6.3 By application 123
10.2.5.7 Rest of Europe 124
10.2.5.7.1 Rest of Europe: Macro factors 124
10.2.5.7.2 By application 125
10.3 ASIA PACIFIC 125
10.3.1 RECESSION IMPACT: ASIA PACIFIC 126
10.3.2 ASIA PACIFIC: MACRO FACTORS 127
10.3.2.1 Asia Pacific: Ammonia production 127
10.3.2.2 Asia Pacific: Hydrogen generation 127
10.3.2.3 Asia Pacific: Installed renewable capacity 127
10.3.2.4 Asia Pacific: Greenhouse gas emissions 128
10.3.3 BY TECHNOLOGY 128
10.3.4 BY APPLICATION 129
10.3.5 BY COUNTRY 129
10.3.5.1 Australia 130
10.3.5.1.1 Increasing focus on renewable energy production to drive market 130
10.3.5.1.2 Australia: Macro factors 131
10.3.5.1.3 By application 131
10.3.5.2 China 132
10.3.5.2.1 Acceleration of green ammonia production in China to drive market growth 132
10.3.5.2.2 China: Macro factors 132
10.3.5.2.3 By application 133
10.3.5.3 Japan 134
10.3.5.3.1 Favorable policies promoting use of green ammonia to support market growth 134
10.3.5.3.2 Japan: Macro factors 134
10.3.5.3.3 By application 135
10.3.5.4 New Zealand 136
10.3.5.4.1 Innovations and subsidies for hydrogen and ammonia energy to boost market growth 136
10.3.5.4.2 New Zealand: Macro factors 136
10.3.5.4.3 By application 137
10.3.5.5 India 138
10.3.5.5.1 Growing green ammonia consumption in mobility sector to propel market 138
10.3.5.5.2 India: Macro factors 138
10.3.5.5.3 By application 139
10.3.5.6 Rest of Asia Pacific 140
10.3.5.6.1 Rest of Asia Pacific: Macro factors 140
10.3.5.6.2 By application 141
10.4 NORTH AMERICA 142
10.4.1 RECESSION IMPACT: NORTH AMERICA 142
10.4.2 NORTH AMERICA: MACRO FACTORS 142
10.4.2.1 North America: Ammonia production 142
10.4.2.2 North America: Hydrogen generation 142
10.4.2.3 North America: Installed renewable capacity 143
10.4.2.4 North America: Greenhouse gas emissions 143
10.4.3 BY TECHNOLOGY 143
10.4.4 BY APPLICATION 144
10.4.5 BY COUNTRY 145
10.4.5.1 US 145
10.4.5.1.1 High demand for transportation fuel to boost market 145
10.4.5.1.2 US: Macro factors 146
10.4.5.1.3 By application 146
10.4.5.2 Canada 147
10.4.5.2.1 Favorable policies promoting use of green ammonia to drive market 147
10.4.5.2.2 Canada: Macro factors 147
10.4.5.2.3 By application 148
10.4.5.3 Mexico 149
10.4.5.3.1 Growing fertilizer market to boost demand for green ammonia 149
10.4.5.3.2 Mexico: Macro factors 149
10.4.5.3.3 By application 150
10.5 REST OF THE WORLD 151
10.5.1 RECESSION IMPACT: ROW 151
10.5.2 ROW: MACRO FACTORS 152
10.5.2.1 Ammonia production 152
10.5.2.2 Hydrogen generation 152
10.5.2.3 Installed renewable capacity 152
10.5.2.4 Greenhouse gas emissions 153
10.5.3 BY COUNTRY 155
10.5.3.1 GCC Countries 155
10.5.3.1.1 Investments in renewable energy initiatives likely to propel market 155
10.5.3.1.2 Saudi Arabia 155
10.5.3.1.2.1 Green ammonia and hydrogen projects underway to boost economy 155
10.5.3.1.3 UAE 156
10.5.3.1.3.1 Increasing number of projects to stimulate market growth 156
10.5.3.1.4 UAE: Macro factors 156
10.5.3.1.5 Other GCC Countries 157
10.5.3.1.6 Macro factors 157
10.5.3.2 Rest of Middle East & Africa 157
10.5.3.2.1 Egypt: Macro factors 158
10.5.3.2.2 Morocco: Macro factors 158
10.5.3.3 Chile 159
10.5.3.3.1 Constant developments in energy sector to accelerate market growth 159
10.5.3.3.2 Chile: Macro factors 159
10.5.3.4 Brazil 160
10.5.3.4.1 Rising production of green hydrogen to drive market 160
10.5.3.4.2 Brazil: Macro factors 160
11 COMPETITIVE LANDSCAPE 161
11.1 OVERVIEW 161
11.2 STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2024 161
11.3 INDUSTRY CONCENTRATION 163
11.4 REVENUE ANALYSIS, 2019–2023 164
11.5 COMPANY VALUATION AND FINANCIAL MATRIX 165
11.6 BRAND COMPARISON 166
11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 167
11.7.1 STARS 167
11.7.2 EMERGING LEADERS 167
11.7.3 PERVASIVE PLAYERS 167
11.7.4 PARTICIPANTS 167
11.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 169
11.7.5.1 Product footprint 169
11.7.5.2 Company footprint 170
11.7.5.3 Regional footprint 170
11.7.5.4 Technology footprint 171
11.7.5.5 Application footprint 172
11.7.5.6 Capacity footprint 173
11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 174
11.8.1 PROGRESSIVE COMPANIES 174
11.8.2 RESPONSIVE COMPANIES 174
11.8.3 DYNAMIC COMPANIES 174
11.8.4 STARTING BLOCKS 174
11.8.5 COMPETITIVE BENCHMARKING: KEY STARTUPS/SMES, 2023 176
11.9 COMPETITIVE SCENARIO 177
11.9.1 PRODUCT LAUNCHES 177
11.9.2 DEALS 178
11.9.3 EXPANSIONS 179
11.9.4 OTHER DEVELOPMENTS 181
12 COMPANY PROFILES 183
12.1 PRODUCERS 183
12.1.1 ACME 183
12.1.1.1 Business overview 183
12.1.1.2 Products/Services/Solutions offered 183
12.1.1.3 Recent developments 184
12.1.1.3.1 Deals 184
12.1.1.3.2 Expansions 185
12.1.1.3.3 Other developments 186
12.1.1.4 MnM view 186
12.1.1.4.1 Right to win 186
12.1.1.4.2 Strategic choices 186
12.1.1.4.3 Weaknesses & competitive threats 186
12.1.2 YARA 187
12.1.2.1 Business overview 187
12.1.2.2 Products/Services/Solutions offered 188
12.1.2.3 Recent developments 189
12.1.2.3.1 Deals 189
12.1.2.3.2 Expansions 190
12.1.2.3.3 Other developments 190
12.1.2.4 MnM view 190
12.1.2.4.1 Right to win 190
12.1.2.4.2 Strategic choices 190
12.1.2.4.3 Weaknesses & competitive threats 191
12.1.3 BASF SE 192
12.1.3.1 Business overview 192
12.1.3.2 Products/Services/Solutions offered 193
12.1.3.3 Recent developments 194
12.1.3.3.1 Deals 194
12.1.4 SIEMENS ENERGY 195
12.1.4.1 Business overview 195
12.1.4.2 Products/Services/Solutions offered 197
12.1.4.3 Recent developments 197
12.1.4.3.1 Deals 197
12.1.4.4 MnM view 198
12.1.4.4.1 Right to win 198
12.1.4.4.2 Strategic choices 198
12.1.4.4.3 Weaknesses & competitive threats 198
12.1.5 ENGIE 199
12.1.5.1 Business overview 199
12.1.5.2 Products/Services/Solutions offered 200
12.1.5.3 Recent developments 201
12.1.5.3.1 Deals 201
12.1.6 CF INDUSTRIES HOLDINGS, INC. 203
12.1.6.1 Business overview 203
12.1.6.2 Products/Services/Solutions offered 204
12.1.6.3 Recent developments 205
12.1.6.3.1 Deals 205
12.1.6.3.2 Other developments 206
12.1.7 UNIPER SE 207
12.1.7.1 Business overview 207
12.1.7.2 Products/Services/Solutions offered 208
12.1.7.3 Recent developments 209
12.1.7.3.1 Deals 209
12.1.8 GREENKO GROUP 211
12.1.8.1 Business overview 211
12.1.8.2 Products/Services/Solutions offered 211
12.1.8.3 Recent developments 212
12.1.8.3.1 Deals 212
12.1.8.3.2 Other developments 213
12.2 OTHER PRODUCERS 214
12.2.1 FIRST AMMONIA 214
12.2.2 STARFIRE ENERGY 214
12.2.3 ALLIED GREEN AMMONIA PTY LTD 215
12.3 TECHNOLOGY PROVIDERS 216
12.3.1 THYSSENKRUPP AG 216
12.3.1.1 Business overview 216
12.3.1.2 Products/Services/Solutions offered 217
12.3.1.3 Recent developments 218
12.3.1.3.1 Deals 218
12.3.1.3.2 Other developments 220
12.3.1.4 MnM view 221
12.3.1.4.1 Right to win 221
12.3.1.4.2 Strategic choices 222
12.3.1.4.3 Weaknesses & competitive threats 222
12.3.2 NEL ASA 223
12.3.2.1 Business overview 223
12.3.2.2 Products/Services/Solutions offered 224
12.3.2.3 Recent developments 225
12.3.2.3.1 Deals 225
12.3.2.3.2 Expansions 226
12.3.2.3.3 Other developments 226
12.3.2.4 MnM view 228
12.3.2.4.1 Right to win 228
12.3.2.4.2 Strategic choices 228
12.3.2.4.3 Weaknesses & competitive threats 228
12.3.3 ITM POWER PLC 229
12.3.3.1 Business overview 229
12.3.3.2 Products/Services/Solutions offered 230
12.3.3.3 Recent developments 231
12.3.3.3.1 Deals 231
12.3.3.3.2 Expansions 232
12.3.3.3.3 Other developments 233
12.3.4 GREEN HYDROGEN SYSTEMS 234
12.3.4.1 Business overview 234
12.3.4.2 Products/Services/Solutions offered 235
12.3.4.3 Recent developments 235
12.3.4.3.1 Deals 235
12.3.4.3.2 Expansions 237
12.3.4.3.3 Other developments 237
12.3.5 MCPHY ENERGY S.A. 238
12.3.5.1 Business overview 238
12.3.5.2 Products/Services/Solutions offered 239
12.3.5.3 Recent developments 239
12.3.5.3.1 Deals 239
12.3.5.3.2 Expansions 240
12.3.5.3.3 Other developments 240
12.3.6 CUMMINS INC. 241
12.3.6.1 Business overview 241
12.3.6.2 Products/Services/Solutions offered 242
12.3.6.3 Recent developments 243
12.3.6.3.1 Deals 243
12.3.7 ENAPTER S.R.L. 244
12.3.7.1 Business overview 244
12.3.7.2 Products/Services/Solutions offered 245
12.3.7.3 Recent developments 246
12.3.7.3.1 Product launches 246
12.3.7.3.2 Deals 247
12.3.7.3.3 Expansions 247
12.3.7.3.4 Other developments 248
12.3.8 TOPSOE 250
12.3.8.1 Business overview 250
12.3.8.2 Products/Services/Solutions offered 251
12.3.8.3 Recent developments 252
12.3.8.3.1 Deals 252
12.3.8.3.2 Expansions 253
12.3.8.3.3 Other developments 253
12.3.9 FUELPOSITIVE 254
12.3.9.1 Business overview 254
12.3.9.2 Products/Services/Solutions offered 254
12.3.9.3 Recent developments 255
12.3.9.3.1 Product launches 255
12.3.9.3.2 Deals 255
12.3.9.3.3 Expansions 256
12.3.9.3.4 Other developments 256
12.4 OTHER TECHNOLOGY PROVIDERS 257
12.4.1 LONGI 257
12.5 AMMONIA PLANT EPC COMPANIES 258
12.5.1 IBERDROLA, S.A. 258
12.5.1.1 Business overview 258
12.5.1.2 Recent developments 260
12.5.1.2.1 Deals 260
12.6 OTHER AMMONIA PLANT EPC COMPANIES 261
12.6.1 HIRINGA ENERGY LTD 261
12.6.2 CEEC GLOBAL LTD 261
12.6.3 HYGENCO 262
13 APPENDIX 263
13.1 INSIGHTS FROM INDUSTRY EXPERTS 263
13.2 DISCUSSION GUIDE 264
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 269
13.4 CUSTOMIZATION OPTIONS 271
13.5 RELATED REPORTS 271
13.6 AUTHOR DETAILS 272
LIST OF TABLES
TABLE 1 GREEN AMMONIA MARKET SNAPSHOT 45
TABLE 2 KEY COMPANIES AND THEIR ROLE IN GREEN AMMONIA ECOSYSTEM 60
TABLE 3 GREEN AMMONIA MARKET: MAJOR PATENTS APPLIED/GRANTED, 2013–2023 67
TABLE 4 HS CODE 2814: EXPORT SCENARIO , BY COUNTRY, 2021–2023 (USD) 70
TABLE 5 HS CODE 2814: IMPORT SCENARIO , BY COUNTRY, 2021–2023 (USD) 71
TABLE 6 HS CODE 280410: EXPORT SCENARIO , BY COUNTRY,
2021–2023 (USD THOUSAND) 72
TABLE 7 HS CODE 280410: IMPORT SCENARIO , BY COUNTRY, 2021–2023 (USD THOUSAND) 73
TABLE 8 HS CODE 280430: EXPORT SCENARIO , BY COUNTRY, 2019–2021 (USD) 74
TABLE 9 HS CODE 280430: IMPORT SCENARIO , BY COUNTRY, 2019–2021 (USD) 75
TABLE 10 GREEN AMMONIA AVERAGE LEVELIZED COST FOR GRID PPA, BY REGION 76
TABLE 11 GREEN AMMONIA AVERAGE LEVELIZED COST FOR DEDICATED VARIABLE RENEWABLE ENERGY GRID PPA, BY REGION 77
TABLE 12 GREEN AMMONIA INDICATIVE PRICING, BY TECHNOLOGY (USD) 77
TABLE 13 GREEN AMMONIA MARKET: KEY CONFERENCES & EVENTS, 2024−2025 77
TABLE 14 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 78
TABLE 15 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79
TABLE 16 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 79
TABLE 17 GREEN AMMONIA MARKET: REGULATIONS 80
TABLE 18 GREEN AMMONIA MARKET: PORTER’S FIVE FORCES ANALYSIS 81
TABLE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR
TOP THREE APPLICATIONS (%) 83
TABLE 20 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 84
TABLE 21 RENEWABLE POWER PROVIDERS 86
TABLE 22 ELECTROLYZER PROVIDERS 87
TABLE 23 HABER-BOSCH REACTOR PROVIDERS 87
TABLE 24 AIR SEPARATION UNIT PROVIDERS 88
TABLE 25 AMMONIA STORAGE UNIT PROVIDERS 88
TABLE 26 GREEN AMMONIA MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 90
TABLE 27 GREEN AMMONIA MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 91
TABLE 28 ALKALINE WATER ELECTROLYSIS: GREEN AMMONIA MARKET, BY REGION,
2020–2023 (USD MILLION) 92
TABLE 29 ALKALINE WATER ELECTROLYSIS: GREEN AMMONIA MARKET, BY REGION,
2024–2030 (USD MILLION) 92
TABLE 30 PROTON EXCHANGE MEMBRANE ELECTROLYSIS: GREEN AMMONIA MARKET,
BY REGION, 2020–2023 (USD MILLION) 93
TABLE 31 PROTON EXCHANGE MEMBRANE ELECTROLYSIS: GREEN AMMONIA MARKET,
BY REGION, 2024–2030 (USD MILLION) 93
TABLE 32 SOLID OXIDE ELECTROLYSIS: GREEN AMMONIA MARKET, BY REGION,
2020–2023 (USD MILLION) 94
TABLE 33 SOLID OXIDE ELECTROLYSIS: GREEN AMMONIA MARKET, BY REGION,
2024–2030 (USD MILLION) 94
TABLE 34 GREEN AMMONIA MARKET, BY CAPACITY, 2020–2023 (USD MILLION) 96
TABLE 35 GREEN AMMONIA MARKET, BY CAPACITY, 2024–2030 (USD MILLION) 96
TABLE 36 GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 99
TABLE 37 GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 100
TABLE 38 INDUSTRIAL FEEDSTOCK: GREEN AMMONIA MARKET, BY REGION,
2020–2023 (USD MILLION) 100
TABLE 39 INDUSTRIAL FEEDSTOCK: GREEN AMMONIA MARKET, BY REGION,
2024–2030 (USD MILLION) 101
TABLE 40 INDUSTRIAL FEEDSTOCK: GREEN AMMONIA MARKET, BY TYPE,
2020–2023 (USD MILLION) 101
TABLE 41 INDUSTRIAL FEEDSTOCK: GREEN AMMONIA MARKET, BY TYPE,
2024–2030 (USD MILLION) 101
TABLE 42 POWER GENERATION: GREEN AMMONIA MARKET, BY REGION,
2020–2023 (USD MILLION) 103
TABLE 43 POWER GENERATION: GREEN AMMONIA MARKET, BY REGION,
2024–2030 (USD MILLION) 103
TABLE 44 TRANSPORTATION: GREEN AMMONIA MARKET, BY REGION,
2020–2023 (USD MILLION) 104
TABLE 45 TRANSPORTATION: GREEN AMMONIA MARKET, BY REGION,
2024–2030 (USD MILLION) 104
TABLE 46 GREEN AMMONIA MARKET, BY REGION, 2020–2023 (USD MILLION) 106
TABLE 47 GREEN AMMONIA MARKET, BY REGION, 2024–2030 (USD MILLION) 107
TABLE 48 GREEN AMMONIA MARKET, BY REGION, 2020–2023 (KILO TONS) 107
TABLE 49 GREEN AMMONIA MARKET, BY REGION, 2024–2030 (KILO TONS) 107
TABLE 50 EUROPE: AMMONIA PRODUCTION, BY COUNTRY,
2015–2021 (MILLION STANDARD CUBIC FEET PER DAY) 110
TABLE 51 EUROPE: HYDROGEN GENERATION, BY COUNTRY,
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 110
TABLE 52 EUROPE: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 2015–2021 (MW) 110
TABLE 53 EUROPE: GREENHOUSE GAS EMISSIONS, BY COUNTRY,
2015–2021 (MILLION TONS OF CO2) 111
TABLE 54 EUROPE: GREEN AMMONIA MARKET, BY TECHNOLOGY,
2020–2023 (USD MILLION) 111
TABLE 55 EUROPE: GREEN AMMONIA MARKET, BY TECHNOLOGY,
2024–2030 (USD MILLION) 111
TABLE 56 EUROPE: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 112
TABLE 57 EUROPE: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 112
TABLE 58 EUROPE: GREEN AMMONIA MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 112
TABLE 59 EUROPE: GREEN AMMONIA MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 113
TABLE 60 GERMANY: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS) 114
TABLE 61 GERMANY: HYDROGEN GENERATION, 2013–2017
(MILLION STANDARD CUBIC FEET PER DAY) 114
TABLE 62 GERMANY: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW) 114
TABLE 63 GERMANY: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2) 114
TABLE 64 GERMANY: GREEN AMMONIA MARKET, BY APPLICATION,
2020–2023 (USD MILLION) 115
TABLE 65 GERMANY: GREEN AMMONIA MARKET, BY APPLICATION,
2024–2030 (USD MILLION) 115
TABLE 66 UK: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS) 116
TABLE 67 UK: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD
CUBIC FEET PER DAY) 116
TABLE 68 UK: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW) 116
TABLE 69 UK: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 116
TABLE 70 UK: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 116
TABLE 71 UK: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 117
TABLE 72 NETHERLANDS: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS) 117
TABLE 73 NETHERLANDS: HYDROGEN GENERATION, 2013–2017
(MILLION STANDARD CUBIC FEET PER DAY) 117
TABLE 74 NETHERLANDS: INSTALLED RENEWABLE CAPACITY, BY SOURCE,
2015–2019 (MW) 118
TABLE 75 NETHERLANDS: GREENHOUSE GAS EMISSIONS,
2015–2021 (MILLION TONS OF CO2) 118
TABLE 76 NETHERLANDS: GREEN AMMONIA MARKET, BY APPLICATION,
2020–2023 (USD MILLION) 118
TABLE 77 NETHERLANDS: GREEN AMMONIA MARKET, BY APPLICATION,
2024–2030 (USD MILLION) 118
TABLE 78 DENMARK: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW) 119
TABLE 79 DENMARK: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 119
TABLE 80 DENMARK: GREEN AMMONIA MARKET, BY APPLICATION,
2020–2023 (USD MILLION) 120
TABLE 81 DENMARK: GREEN AMMONIA MARKET, BY APPLICATION,
2024–2030 (USD MILLION) 120
TABLE 82 NORWAY: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW) 121
TABLE 83 NORWAY: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 121
TABLE 84 NORWAY: GREEN AMMONIA MARKET, BY APPLICATION,
2020–2023 (USD MILLION) 121
TABLE 85 NORWAY: GREEN AMMONIA MARKET, BY APPLICATION,
2024–2030 (USD MILLION) 122
TABLE 86 SPAIN: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW) 123
TABLE 87 SPAIN: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 123
TABLE 88 SPAIN: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 123
TABLE 89 SPAIN: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 123
TABLE 90 REST OF EUROPE (RUSSIA): INSTALLED RENEWABLE CAPACITY,
BY SOURCE, 2015–2019 (MW) 124
TABLE 91 REST OF EUROPE (RUSSIA): GREENHOUSE GAS EMISSIONS,
2015–2021 (MILLION TONS OF CO2) 124
TABLE 92 REST OF EUROPE: GREEN AMMONIA MARKET, BY APPLICATION,
2020–2023 (USD MILLION) 125
TABLE 93 REST OF EUROPE: GREEN AMMONIA MARKET, BY APPLICATION,
2024–2030 (USD MILLION) 125
TABLE 94 ASIA PACIFIC: AMMONIA PRODUCTION, BY COUNTRY,
2015–2021 (THOUSAND TONS) 127
TABLE 95 ASIA PACIFIC: HYDROGEN GENERATION, BY COUNTRY,
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 127
TABLE 96 ASIA PACIFIC: INSTALLED RENEWABLE CAPACITY, BY COUNTRY,
2015–2021 (MW) 127
TABLE 97 ASIA PACIFIC: GREENHOUSE GAS EMISSIONS, BY COUNTRY,
2013–2017 (MILLION TONS OF CO2) 128
TABLE 98 ASIA PACIFIC: GREEN AMMONIA MARKET, BY TECHNOLOGY,
2020–2023 (USD MILLION) 128
TABLE 99 ASIA PACIFIC: GREEN AMMONIA MARKET, BY TECHNOLOGY,
2024–2030 (USD MILLION) 128
TABLE 100 ASIA PACIFIC: GREEN AMMONIA MARKET, BY APPLICATION,
2020–2023 (USD MILLION) 129
TABLE 101 ASIA PACIFIC: GREEN AMMONIA MARKET, BY APPLICATION,
2024–2030 (USD MILLION) 129
TABLE 102 ASIA PACIFIC: GREEN AMMONIA MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 129
TABLE 103 ASIA PACIFIC: GREEN AMMONIA MARKET, BY COUNTRY,
2024–2030 (USD MILLION) 130
TABLE 104 AUSTRALIA: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS) 131
TABLE 105 AUSTRALIA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD
CUBIC FEET PER DAY) 131
TABLE 106 AUSTRALIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW) 131
TABLE 107 AUSTRALIA: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 131
TABLE 108 AUSTRALIA: GREEN AMMONIA MARKET, BY APPLICATION,
2020–2023 (USD MILLION) 131
TABLE 109 AUSTRALIA: GREEN AMMONIA MARKET, BY APPLICATION,
2024–2030 (USD MILLION) 132
TABLE 110 CHINA: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS) 132
TABLE 111 CHINA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 132
TABLE 112 CHINA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW) 133
TABLE 113 CHINA: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2) 133
TABLE 114 CHINA: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 133
TABLE 115 CHINA: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 133
TABLE 116 JAPAN: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TONS) 134
TABLE 117 JAPAN: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD
CUBIC FEET PER DAY) 134
TABLE 118 JAPAN: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW) 135
TABLE 119 JAPAN: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 135
TABLE 120 JAPAN: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 135
TABLE 121 JAPAN: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 135
TABLE 122 NEW ZEALAND: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TONS) 136
TABLE 123 NEW ZEALAND: HYDROGEN GENERATION, 2013–2017
(MILLION STANDARD CUBIC FEET PER DAY) 136
TABLE 124 NEW ZEALAND: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW) 137
TABLE 125 NEW ZEALAND: GREENHOUSE GAS EMISSIONS, 2013–2017
(MILLION TONS OF CO2) 137
TABLE 126 NEW ZEALAND: GREEN AMMONIA MARKET, BY APPLICATION,
2020–2023 (USD MILLION) 137
TABLE 127 NEW ZEALAND: GREEN AMMONIA MARKET, BY APPLICATION,
2024–2030 (USD MILLION) 137
TABLE 128 INDIA: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS) 138
TABLE 129 INDIA: HYDROGEN GENERATION, 2013–2017
(MILLION STANDARD CUBIC FEET PER DAY) 139
TABLE 130 INDIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW) 139
TABLE 131 INDIA: GREENHOUSE GAS EMISSIONS, 2015–2017 (MILLION TONS OF CO2) 139
TABLE 132 INDIA: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 139
TABLE 133 INDIA: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 140
TABLE 134 REST OF ASIA PACIFIC: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS) 140
TABLE 135 REST OF ASIA PACIFIC: INSTALLED RENEWABLE CAPACITY,
BY SOURCE, 2015–2021 (MW) 141
TABLE 136 REST OF ASIA PACIFIC: GREENHOUSE GAS EMISSIONS,
2015–2021 (MILLION TONS OF CO2) 141
TABLE 137 REST OF ASIA PACIFIC: GREEN AMMONIA MARKET, BY APPLICATION,
2020–2023 (USD MILLION) 141
TABLE 138 REST OF ASIA PACIFIC: GREEN AMMONIA MARKET, BY APPLICATION,
2024–2030 (USD MILLION) 141
TABLE 139 NORTH AMERICA: AMMONIA PRODUCTION, BY COUNTRY,
2015–2021 (THOUSAND TONS) 142
TABLE 140 NORTH AMERICA: HYDROGEN GENERATION, BY COUNTRY,
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 142
TABLE 141 NORTH AMERICA: INSTALLED RENEWABLE CAPACITY, BY COUNTRY,
2015–2021 (MW) 143
TABLE 142 NORTH AMERICA: GREENHOUSE GAS EMISSIONS, BY COUNTRY,
2015–2021 (MILLION TONS OF CO2) 143
TABLE 143 NORTH AMERICA: GREEN AMMONIA MARKET, BY TECHNOLOGY,
2020–2023 (USD MILLION) 143
TABLE 144 NORTH AMERICA: GREEN AMMONIA MARKET, BY TECHNOLOGY,
2024–2030 (USD MILLION) 144
TABLE 145 NORTH AMERICA: GREEN AMMONIA MARKET, BY APPLICATION,
2020–2023 (USD MILLION) 144
TABLE 146 NORTH AMERICA: GREEN AMMONIA MARKET, BY APPLICATION,
2024–2030 (USD MILLION) 144
TABLE 147 NORTH AMERICA: GREEN AMMONIA MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 145
TABLE 148 NORTH AMERICA: GREEN AMMONIA MARKET, BY COUNTRY,
2023–2030 (USD MILLION) 145
TABLE 149 US: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS) 146
TABLE 150 US: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD
CUBIC FEET PER DAY) 146
TABLE 151 US: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW) 146
TABLE 152 US: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 146
TABLE 153 US: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 146
TABLE 154 US: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 147
TABLE 155 CANADA: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS) 147
TABLE 156 CANADA: HYDROGEN GENERATION, 2015–2017 (MILLION STANDARD
CUBIC FEET PER DAY) 148
TABLE 157 CANADA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW) 148
TABLE 158 CANADA: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 148
TABLE 159 CANADA: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 148
TABLE 160 CANADA: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 149
TABLE 161 MEXICO: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS) 149
TABLE 162 MEXICO: HYDROGEN GENERATION, 2015–2017 (MILLION STANDARD
CUBIC FEET PER DAY) 150
TABLE 163 MEXICO: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW) 150
TABLE 164 MEXICO: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 150
TABLE 165 MEXICO: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 150
TABLE 166 MEXICO: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 151
TABLE 167 ROW: AMMONIA PRODUCTION, BY COUNTRY, 2015–2021 (THOUSAND TONS) 152
TABLE 168 ROW: HYDROGEN GENERATION, BY COUNTRY, 2013–2017
(MILLION STANDARD CUBIC FEET PER DAY) 152
TABLE 169 ROW: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 2015–2021 (MW) 152
TABLE 170 ROW: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 2015–2021
(MILLION TONS OF CO2) 153
TABLE 171 ROW: GREEN AMMONIA MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 153
TABLE 172 ROW: GREEN AMMONIA MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 153
TABLE 173 ROW: GREEN AMMONIA MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 154
TABLE 174 ROW: GREEN AMMONIA MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 154
TABLE 175 ROW: GREEN AMMONIA MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 154
TABLE 176 ROW: GREEN AMMONIA MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 155
TABLE 177 UAE: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW) 156
TABLE 178 UAE: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 156
TABLE 179 OMAN: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW) 157
TABLE 180 OMAN: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 157
TABLE 181 EGYPT: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW) 158
TABLE 182 EGYPT: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 158
TABLE 183 MOROCCO: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW) 158
TABLE 184 MOROCCO: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 158
TABLE 185 CHILE: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW) 159
TABLE 186 CHILE: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 159
TABLE 187 BRAZIL: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW) 160
TABLE 188 BRAZIL: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 160
TABLE 189 GREEN AMMONIA MARKET: OVERVIEW OF STRATEGIES ADOPTED
BY KEY PLAYERS, 2020–2024 161
TABLE 190 GREEN AMMONIA MARKET: REGIONAL FOOTPRINT 170
TABLE 191 GREEN AMMONIA MARKET: TECHNOLOGY FOOTPRINT 171
TABLE 192 GREEN AMMONIA MARKET: APPLICATION FOOTPRINT 172
TABLE 193 GREEN AMMONIA MARKET: CAPACITY FOOTPRINT 173
TABLE 194 GREEN AMMONIA MARKET: KEY STARTUPS/SMES 176
TABLE 195 GREEN AMMONIA MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES 176
TABLE 196 GREEN AMMONIA MARKET: PRODUCT LAUNCHES, 2020−2024 177
TABLE 197 GREEN AMMONIA MARKET: DEALS, 2020–2024 178
TABLE 198 GREEN AMMONIA MARKET: EXPANSIONS, 2020–2024 179
TABLE 199 GREEN AMMONIA MARKET: OTHER DEVELOPMENTS, 2020−2024 181
TABLE 200 ACME: BUSINESS OVERVIEW 183
TABLE 201 ACME: PRODUCTS/SERVICES/SOLUTIONS OFFERED 183
TABLE 202 ACME: DEALS 184
TABLE 203 ACME: EXPANSIONS 185
TABLE 204 ACME: OTHER DEVELOPMENTS 186
TABLE 205 YARA: BUSINESS OVERVIEW 187
TABLE 206 YARA: PRODUCTS/SERVICES/SOLUTIONS OFFERED 188
TABLE 207 YARA: DEALS 189
TABLE 208 YARA: EXPANSIONS 190
TABLE 209 YARA: OTHER DEVELOPMENTS 190
TABLE 210 BASF SE: BUSINESS OVERVIEW 192
TABLE 211 BASF SE: PRODUCTS/SERVICES/SOLUTIONS OFFERED 193
TABLE 212 BASF SE: DEALS 194
TABLE 213 SIEMENS ENERGY: BUSINESS OVERVIEW 195
TABLE 214 SIEMENS ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED 197
TABLE 215 SIEMENS ENERGY: DEALS 197
TABLE 216 ENGIE: BUSINESS OVERVIEW 199
TABLE 217 ENGIE: PRODUCTS/SERVICES/SOLUTIONS OFFERED 200
TABLE 218 ENGIE: DEALS 201
TABLE 219 CF INDUSTRIES HOLDINGS, INC.: BUSINESS OVERVIEW 203
TABLE 220 CF INDUSTRIES HOLDINGS, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 204
TABLE 221 CF INDUSTRIES HOLDINGS, INC.: DEALS 205
TABLE 222 CF INDUSTRIES HOLDINGS, INC.: OTHER DEVELOPMENTS 206
TABLE 223 UNIPER SE: BUSINESS OVERVIEW 207
TABLE 224 UNIPER SE: PRODUCTS/SERVICES/SOLUTIONS OFFERED 208
TABLE 225 UNIPER SE: DEALS 209
TABLE 226 GREENKO GROUP: BUSINESS OVERVIEW 211
TABLE 227 GREENKO GROUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED 211
TABLE 228 GREENKO GROUP: DEALS 212
TABLE 229 GREENKO GROUP: OTHER DEVELOPMENTS 213
TABLE 230 FIRST AMMONIA: BUSINESS OVERVIEW 214
TABLE 231 STARFIRE ENERGY: BUSINESS OVERVIEW 214
TABLE 232 ALLIED GREEN AMMONIA PTY LTD: BUSINESS OVERVIEW 215
TABLE 233 THYSSENKRUPP AG: BUSINESS OVERVIEW 216
TABLE 234 THYSSENKRUPP AG: PRODUCTS/SERVICES/SOLUTIONS OFFERED 217
TABLE 235 THYSSENKRUPP AG: DEALS 218
TABLE 236 THYSSENKRUPP AG: OTHER DEVELOPMENTS 220
TABLE 237 NEL ASA: BUSINESS OVERVIEW 223
TABLE 238 NEL ASA: PRODUCTS/SERVICES/SOLUTIONS OFFERED 224
TABLE 239 NEL ASA: DEALS 225
TABLE 240 NEL ASA: EXPANSIONS 226
TABLE 241 NEL ASA: OTHER DEVELOPMENTS 226
TABLE 242 ITM POWER PLC: BUSINESS OVERVIEW 229
TABLE 243 ITM POWER PLC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 230
TABLE 244 ITM POWER PLC: DEALS 231
TABLE 245 ITM POWER PLC: EXPANSIONS 232
TABLE 246 ITM POWER PLC: OTHER DEVELOPMENTS 233
TABLE 247 GREEN HYDROGEN SYSTEMS: BUSINESS OVERVIEW 234
TABLE 248 GREEN HYDROGEN SYSTEMS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 235
TABLE 249 GREEN HYDROGEN SYSTEMS: DEALS 235
TABLE 250 GREEN HYDROGEN SYSTEMS: EXPANSIONS 237
TABLE 251 GREEN HYDROGEN SYSTEMS: OTHER DEVELOPMENTS 237
TABLE 252 MCPHY ENERGY S.A.: BUSINESS OVERVIEW 238
TABLE 253 MCPHY ENERGY S.A.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 239
TABLE 254 MCPHY ENERGY S.A.: DEALS 239
TABLE 255 MCPHY ENERGY S.A.: EXPANSIONS 240
TABLE 256 MCPHY ENERGY S.A.: OTHER DEVELOPMENTS 240
TABLE 257 CUMMINS INC.: BUSINESS OVERVIEW 241
TABLE 258 CUMMINS INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 242
TABLE 259 CUMMINS INC.: DEALS 243
TABLE 260 ENAPTER S.R.L.: BUSINESS OVERVIEW 244
TABLE 261 ENAPTER S.R.L.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 245
TABLE 262 ENAPTER S.R.L.: PRODUCT LAUNCHES 246
TABLE 263 ENAPTER S.R.L.: DEALS 247
TABLE 264 ENAPTER S.R.L.: EXPANSIONS 247
TABLE 265 ENAPTER S.R.L.: OTHER DEVELOPMENTS 248
TABLE 266 TOPSOE: BUSINESS OVERVIEW 250
TABLE 267 TOPSOE: PRODUCTS/SERVICES/SOLUTIONS OFFERED 251
TABLE 268 TOPSOE: DEALS 252
TABLE 269 TOPSOE: EXPANSIONS 253
TABLE 270 TOPSOE: OTHER DEVELOPMENTS 253
TABLE 271 FUELPOSITIVE: BUSINESS OVERVIEW 254
TABLE 272 FUELPOSITIVE: PRODUCT LAUNCHES 255
TABLE 273 FUELPOSITIVE: DEALS 255
TABLE 274 FUELPOSITIVE: EXPANSIONS 256
TABLE 275 FUELPOSITIVE: OTHER DEVELOPMENTS 256
TABLE 276 LONGI: BUSINESS OVERVIEW 257
TABLE 277 IBERDROLA, S.A.: BUSINESS OVERVIEW 258
TABLE 278 IBERDROLA, S.A.: DEALS 260
TABLE 279 HIRINGA ENERGY LTD: BUSINESS OVERVIEW 261
TABLE 280 CEEC GLOBAL LTD: BUSINESS OVERVIEW 261
TABLE 281 HYGENCO: BUSINESS OVERVIEW 262
LIST OF FIGURES
FIGURE 1 GREEN AMMONIA MARKET SEGMENTATION 28
FIGURE 2 GREEN AMMONIA MARKET: RESEARCH DESIGN 32
FIGURE 3 DATA TRIANGULATION 33
FIGURE 4 BREAKDOWN OF PRIMARIES 36
FIGURE 5 GREEN AMMONIA MARKET: BOTTOM-UP APPROACH 37
FIGURE 6 GREEN AMMONIA MARKET: TOP-DOWN APPROACH 38
FIGURE 7 METRICS CONSIDERED TO ASSESS DEMAND FOR GREEN AMMONIA 39
FIGURE 8 KEY METRICS CONSIDERED TO ASSESS SUPPLY OF GREEN AMMONIA 41
FIGURE 9 INDUSTRY CONCENTRATION 42
FIGURE 10 EUROPE HELD LARGEST SHARE OF GREEN AMMONIA MARKET IN 2023 46
FIGURE 11 ALKALINE WATER ELECTROLYSIS SEGMENT TO DOMINATE DURING
FORECAST PERIOD 46
FIGURE 12 INDUSTRIAL FEEDSTOCK TO CAPTURE LARGEST SHARE OF GREEN AMMONIA MARKET BY 2030 47
FIGURE 13 MEDIUM-SCALE CAPACITY SEGMENT TO HOLD DOMINANT SHARE IN
FORECAST PERIOD 48
FIGURE 14 RISING DEMAND FOR CLEAN ENERGY AND FAVORABLE GOVERNMENT POLICIES TO DRIVE GREEN AMMONIA MARKET DURING FORECAST PERIOD 49
FIGURE 15 ASIA PACIFIC TO WITNESS FASTEST GROWTH DURING FORECAST PERIOD 49
FIGURE 16 ALKALINE WATER ELECTROLYSIS TO DOMINATE GREEN AMMONIA MARKET
BY 2030 50
FIGURE 17 MEDIUM-SCALE SEGMENT TO ACCOUNT FOR DOMINANT SHARE
OF GREEN AMMONIA MARKET BY 2030 50
FIGURE 18 INDUSTRIAL FEEDSTOCK SEGMENT TO ACCOUNT FOR LARGEST SHARE OF GREEN AMMONIA MARKET BY 2030 51
FIGURE 19 INDUSTRIAL FEED STOCK AND SPAIN TO DOMINATE MARKET IN EUROPE IN 2024 51
FIGURE 20 GREEN AMMONIA MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES 52
FIGURE 21 GLOBAL RENEWABLE ENERGY CAPACITY TREND, BY SOURCE, 2023 53
FIGURE 22 GREENHOUSE GAS EMISSIONS WITNESSED BY TOP EIGHT GEOGRAPHIES, 2022 54
FIGURE 23 REVENUE SHIFT FOR GREEN AMMONIA PROVIDERS 58
FIGURE 24 GREEN AMMONIA MARKET: SUPPLY CHAIN ANALYSIS 59
FIGURE 25 GREEN AMMONIA MARKET: ECOSYSTEM ANALYSIS 60
FIGURE 26 NUMBER OF PATENTS APPLIED AND GRANTED, 2013–2023 66
FIGURE 27 HS CODE 2814: EXPORT DATA FOR TOP SIX COUNTRIES, 2021–2023 (USD) 71
FIGURE 28 HS CODE 2814: IMPORT DATA FOR TOP SIX COUNTRIES, 2021–2023 (USD) 72
FIGURE 29 HS CODE 280410: EXPORT DATA FOR TOP FIVE COUNTRIES, 2021–2023 73
FIGURE 30 HS CODE 280410: IMPORT DATA FOR TOP FIVE COUNTRIES,
2020–2022 (USD THOUSAND) 74
FIGURE 31 HS CODE 280430: EXPORT DATA FOR TOP FIVE COUNTRIES, 2019–2021 (USD) 75
FIGURE 32 HS CODE 280430: IMPORT DATA FOR TOP SIX COUNTRIES, 2019–2021 (USD) 76
FIGURE 33 GREEN AMMONIA MARKET MAP 78
FIGURE 34 GREEN AMMONIA MARKET: PORTER’S FIVE FORCES ANALYSIS 81
FIGURE 35 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR
TOP THREE APPLICATIONS 83
FIGURE 36 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 84
FIGURE 37 INVESTMENT AND FUNDING SCENARIO 85
FIGURE 38 GREEN AMMONIA PRODUCTION PROCESS AND ELEMENTS 86
FIGURE 39 GREEN AMMONIA MARKET: BY TECHNOLOGY, 2023 90
FIGURE 40 GREEN AMMONIA MARKET SHARE, BY CAPACITY, 2023 96
FIGURE 41 GREEN AMMONIA MARKET: BY APPLICATION, 2023 99
FIGURE 42 ASIA PACIFIC TO BE FASTEST GROWING REGIONAL GREEN AMMONIA MARKET 106
FIGURE 43 EUROPE: SNAPSHOT OF GREEN AMMONIA MARKET 109
FIGURE 44 ASIA PACIFIC: SNAPSHOT OF GREEN AMMONIA MARKET 126
FIGURE 45 ACTIVE PLAYERS IN GREEN AMMONIA MARKET, 2023 163
FIGURE 46 GREEN AMMONIA MARKET: TOTAL REVENUE ANALYSIS OF KEY PLAYERS,
2019–2023 164
FIGURE 47 GREEN AMMONIA MARKET: COMPANY VALUATION 165
FIGURE 48 GREEN AMMONIA MARKET: FINANCIAL MATRIX 165
FIGURE 49 GREEN AMMONIA MARKET: BRAND COMPARISON 166
FIGURE 50 GREEN AMMONIA MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 168
FIGURE 51 GREEN AMMONIA MARKET: PRODUCT FOOTPRINT 169
FIGURE 52 GREEN AMMONIA MARKET: COMPANY FOOTPRINT 170
FIGURE 53 GREEN AMMONIA MARKET: COMPANY EVALUATION MATRIX:
STARTUPS/SMES, 2023 175
FIGURE 54 YARA: COMPANY SNAPSHOT 188
FIGURE 55 BASF SE: COMPANY SNAPSHOT 193
FIGURE 56 SIEMENS ENERGY: COMPANY SNAPSHOT 196
FIGURE 57 ENGIE: COMPANY SNAPSHOT 200
FIGURE 58 CF INDUSTRIES HOLDINGS, INC.: COMPANY SNAPSHOT 204
FIGURE 59 UNIPER SE: COMPANY SNAPSHOT 208
FIGURE 60 THYSSENKRUPP AG: COMPANY SNAPSHOT 217
FIGURE 61 NEL ASA: COMPANY SNAPSHOT 224
FIGURE 62 ITM POWER PLC: COMPANY SNAPSHOT 230
FIGURE 63 GREEN HYDROGEN SYSTEMS: COMPANY SNAPSHOT 234
FIGURE 64 MCPHY ENERGY S.A.: COMPANY SNAPSHOT 238
FIGURE 65 CUMMINS INC.: COMPANY SNAPSHOT 242
FIGURE 66 ENAPTER S.R.L.: COMPANY SNAPSHOT 245
FIGURE 67 TOPSOE: COMPANY SNAPSHOT 251
FIGURE 68 IBERDROLA, S.A.: COMPANY SNAPSHOT 259
