Europe Green Ammonia Market Size & Outlook, 2023-2030

The green ammonia market in Europe is expected to reach a projected revenue of US$ 7,669.2 million by 2030. A compound annual growth rate of 98.5% is expected of Europe green ammonia market from 2024 to 2030.
Revenue, 2023 (US$M)
$63.2
Forecast, 2030 (US$M)
$7,669.2
CAGR, 2024 - 2030
98.5%
Report Coverage
Europe

Europe green ammonia market highlights

  • The Europe green ammonia market generated a revenue of USD 63.2 million in 2023.
  • The market is expected to grow at a CAGR of 98.5% from 2024 to 2030.
  • In terms of segment, transportation was the largest revenue generating end-use in 2023.
  • Fertilizer is the most lucrative end-use segment registering the fastest growth during the forecast period.
  • Country-wise, Netherlands is expected to register the highest CAGR from 2024 to 2030.

Europe data book summary

Market revenue in 2023USD 63.2 million
Market revenue in 2030USD 7,669.2 million
Growth rate98.5% (CAGR from 2023 to 2030)
Largest segmentTransportation
Fastest growing segmentFertilizer
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPower Generation, Transportation, Fertilizer, Refrigeration, Other End-Uses
Key market players worldwideSiemens Energy AG ADR, NEL ASA, Volkswagen AG, Thyssenkrupp AG, ITM Power PLC, Cummins Inc, McPhy Energy SA, Basf SE, Yara International ASA, Engie SA, Uniper SE, Wesfarmers Ltd, Green Hydrogen Systems, Enapter, Electrochaea, Aquahydrex, Haldor Topsoe Holding A/S, Starfire Energy, Hiringa Energy

Other key industry trends

  • In terms of revenue, Europe region accounted for 15.4% of the global green ammonia market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 24,058.8 million by 2030.

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Green Ammonia Market Companies

Name Profile # Employees HQ Website

Europe 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 39.56% in 2023. Horizon Databook has segmented the Europe 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.


  • Europe Green Ammonia End-Use Outlook (Revenue, USD Million, 2018-2030)
    • Power Generation
    • Transportation
    • Fertilizer
    • Refrigeration
    • Other End-Uses
  • Europe 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 Europe green ammonia market databook

  • Our clientele includes a mix of green ammonia market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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 continent-level data and insights on the Europe green ammonia market , including forecasts for subscribers. This continent databook contains high-level insights into Europe green ammonia market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe green ammonia market size, by country, 2018-2030 (US$M)

Europe Green Ammonia Market Outlook Share, 2023 & 2030 (US$M)

Europe green ammonia market size, by country, 2018-2030 (US$M)

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