Global Green Ammonia Market Size & Outlook, 2023-2030
Global green ammonia market, 2018-2030 (US$M)
Related Markets
Global green ammonia market highlights
- The global green ammonia market generated a revenue of USD 411.3 million in 2023 and is expected to reach USD 73,046.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 109.6% by 2030.
- In terms of segment, transportation accounted for a revenue of USD 126.0 million in 2023.
- Fertilizer is the most lucrative end-use segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 411.3 million |
| Market revenue in 2030 | USD 73,046.6 million |
| Growth rate | 109.6% (CAGR from 2023 to 2030) |
| Largest segment | Transportation |
| Fastest growing segment | Fertilizer |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Power Generation, Transportation, Fertilizer, Refrigeration, Other End-Uses |
Other key industry trends
- In terms of revenue, the North America accounted for 28.0% of the global green ammonia market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 289.8 million by 2030.
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Green Ammonia Market Scope
Green Ammonia Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global green ammonia market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to green ammonia market will help companies and investors design strategic landscapes.
Transportation was the largest segment with a revenue share of 30.63% in 2023. Horizon Databook has segmented the Global green ammonia market based on power generation, transportation, fertilizer, refrigeration, other end-uses covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Green Ammonia End-Use Outlook (Revenue, USD Million, 2018-2030)
- Power Generation
- Transportation
- Fertilizer
- Refrigeration
- Other End-Uses
- Global Green Ammonia Technology Outlook (Revenue, USD Million, 2018-2030)
- Solid Oxide Electrolysis
- Proton Exchange Membrane
- Alkaline Water Electrolysis
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Target buyers of Global green ammonia market databook
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Our clientele includes a mix of green ammonia market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global green ammonia market , including forecasts for subscribers. This global databook contains high-level insights into Global green ammonia market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global green ammonia market size, by regions, 2018-2030 (US$M)
Top 10 countries: Green ammonia market size, 2023 (US$M)
Global green ammonia market share, by end-use, 2023 & 2030 (%, US$M)
Green ammonia market: Opportunity assessment by country
Global green ammonia market, by region, 2023 (US$M)
| End-Use | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 6.0 | 6.2 | 5.4 | 13.0 | 43.4 | 115.3 | 323.8 | 4,392.9 | 5,943.9 | 6,441.5 | 9,443.1 | 12,777.2 | 18,990.1 | 107.3% |
| Europe | 3.8 | 3.8 | 3.4 | 8.1 | 25.3 | 63.2 | 167.9 | 2,165.4 | 2,797.3 | 2,904.8 | 4,093.5 | 5,339.4 | 7,669.2 | 98.5% |
| Asia Pacific | 3.7 | 4.1 | 3.2 | 8.9 | 34.7 | 103.1 | 315.3 | 4,574.9 | 6,536.3 | 7,408.6 | 11,276.7 | 15,752.0 | 24,058.8 | 117.9% |
| Latin America | 2.6 | 2.8 | 2.5 | 5.3 | 16.9 | 43.4 | 118.1 | 1,555.3 | 2,047.9 | 2,163.8 | 3,097.6 | 4,098.4 | 5,963.4 | 102.0% |
| MEA | 3.9 | 4.3 | 3.7 | 8.8 | 31.2 | 86.3 | 250.6 | 3,493.1 | 4,832.6 | 5,335.0 | 7,943.3 | 10,889.6 | 16,365.1 | 111.5% |
| Overall | 20.0 | 21.3 | 18.2 | 44.0 | 151.6 | 411.3 | 1,175.6 | 16,181.6 | 22,158.1 | 24,253.7 | 35,854.2 | 48,856.6 | 73,046.6 | 109.6% |
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