Green Ammonia Market to surpass USD 30.7 billion by 2032, Says Global Market Insights inc.
Green Ammonia Industry size is expected to register 66.3% CAGR between 2024 and 2032 propelled by growing decarbonization initiatives.
Selbyville, Delaware , Oct. 08, 2024 (GLOBE NEWSWIRE) — Green Ammonia Market was valued at USD 320.2 million in 2023 and is projected to be worth USD 30.7 billion by the end of 2032, as per a
Europe green ammonia market leads the market due to its strong focus on sustainability and decarbonization. Strong government policies and substantial investments in renewable energy infrastructure underpin this market leadership. In Europe, initiatives such as the European Green Deal, which targets net-zero emissions by 2050, are fueling the high demand for green ammonia. North America is also making strides in this area, with increasing investments in green ammonia projects. However, the region faces slower progress due to higher upfront costs and infrastructure limitations. Despite these challenges, both regions remain pivotal in driving the market forward.
Green Ammonia Market Players
Companies including Air Products Inc, BASF SE, Haldor Topsoe, Hiringa Energy, Hydrogenics, Kapsom, MAN Energy Solutions, Nel Hydrogen, Siemens Energy, Starfire Energy, Technip Energies NV, ThyssenKrupp AG, Uniper ENGIE, Yara International are some firms working in green ammonia industry.
The green ammonia market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Million) (Kilo Tons) from 2021 to 2032, for the following segments:
Market, By Technology
- Electrolysis
- Proton Exchange Membrane (PEM) Electrolysis
- Alkaline Water Electrolysis (AWE)
- Solid Oxide Electrolysis (SOE)
- Photocatalysis
- Biological Nitrogen Fixation
Market, By End Use
- Agriculture
- Power & Energy
- Transportation
- Chemicals
- Others
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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