Growing Hydrogen Investments Will Positively Impact the Green Ammonia Market at a CAGR of 73.50% During the Forecast Period 2025 to 2035

Market Research Future (MRFR) has published a cooked research report on the “Green Ammonia Market” that contains information from 2019 to 2035.

The Green Ammonia Market is estimated to register a CAGR of 73.50% during the forecast period of 2025 to 2035.

MRFR recognizes the following companies as the key players in the Global Green Ammonia Market: Siemens AG, NEL ASA, ThyssenKrupp, ITM Power, CF Industries Holdings, Inc., Ballard Power Systems, Yara International, AMMPower Corp, FUELPOSITIVE Corporation, Haldor Topsoe, Uniper, Hyport Duqm, Enapter, Starfire Energy, Engie, BASF SE, Hiringa Energy, and Queensland Nitrates Pty Ltd.

Green Ammonia Market Highlights

The Green Ammonia Market is expected to register a CAGR of 73.50% during the forecast period and is estimated to reach USD 672.02 billion by 2035, up from USD 1.57 billion in 2024.

The development of new projects focused on green hydrogen, growing investments toward building a hydrogen economy, and an increase in the demand for sustainable fertilizers and renewable energy storage solutions are considered the pillars for the growth of the market Green ammonia is an important factor in the global decarbonization of economy for the reason that its energy density is greater, and its transport efficiency is better than that of liquid hydrogen.

Market growth is also strengthened by government projects supporting and encouraging carbon neutrality, and improvements made on the electrolysis and Haber-Bosch technologies, which enhance energy efficiencies and reduce production costs. Green ammonia is especially welcomed by the transportation and power generation industries, which are also moving toward the use of fossil fuel alternatives, thus supporting its growing role in the renewable energy ecosystem.

Segment Analysis

The Global Green Ammonia Market has been segmented based on Gasifier Technology, Application, and Region.

By Gasifier Technology: The Proton Exchange Membrane (PEM) Electrolysis segment dominated the market in 2024 due to its high efficiency (above 90%) and scalability. Technological innovations and favorable government incentives for renewable energy are expected to further boost its adoption.

By Application: The Transportation segment generated the highest revenue in 2024, driven by the ongoing global fuel energy crisis and the shift toward clean fuels in shipping and logistics. The Power Generation and Industrial Feedstock segments are also witnessing rapid adoption as countries transition toward renewable power systems.

Region Analysis

North America: Dominated the global market in 2024 due to increasing R&D activities, government support for hydrogen projects, and a growing number of pilot green ammonia facilities in the U.S. and Canada.

Europe: Expected to grow at the fastest CAGR during 2025–2035, with Germany holding the largest market share. Europe’s strong policy backing, along with ongoing projects in Spain and Norway, positions the region as a leader in sustainable ammonia production.

Asia-Pacific: Accounted for the second-largest share, supported by strong government initiatives in India, China, and Japan to promote renewable energy and reduce carbon emissions. Subsidies for electric vehicles and green hydrogen programs are accelerating adoption.

Key Findings of the Study

• The Global Green Ammonia Market is expected to reach USD 672.02 billion by 2035, growing at a CAGR of 73.50% during 2025–2035.


• Europe is projected to be the fastest-growing regional market, led by Germany and Spain.


• Based on Gasifier Technology, the PEM Electrolysis segment dominated the market and is anticipated to remain the most efficient technology through 2035.


• Based on the Application, Transportation accounted for the highest market share in 2024 due to its role as a clean marine and fuel substitute.


• Major players such as Siemens AG, ThyssenKrupp, ITM Power, CF Industries Holdings, Yara International, and Ballard Power Systems are investing heavily in R&D, partnerships, and capacity expansion to strengthen their presence in the global market.

Industry Developments

• January 2024: Yara International announced plans to expand its green ammonia production in Norway by upgrading existing facilities and utilizing renewable energy sources.


• December 2023: CF Industries Holdings, Inc. partnered with a renewable energy company to construct a carbon-free ammonia facility in the U.S. using wind and solar-powered electrolyzers.


• November 2023: Siemens Energy and Linde Engineering collaborated to develop a new, cost-efficient green ammonia production method integrating advanced electrolysis and nitrogen separation.


• August 2023: ThyssenKrupp Uhde introduced modular green ammonia systems designed for off-grid renewable regions with high solar and wind energy potential.


• June 2023: Iberdrola and Fertiberia expanded their green ammonia production in Spain to support low-emission fertilizer and transport applications.

Future Outlook

Boasting innovative technological refinements, increased hydrogen infrastructure investments, and the expanding use of ammonia in the energy, fertilizer, and transportation industries, the Green Ammonia Market anticipates phenomenal growth over the next several years, particularly through 2035.

Key future opportunities include:

• Advancing electrolysis efficiency for scalable green ammonia production.


• Partnering with renewable energy providers to ensure sustainable sourcing.


• Expanding into hydrogen storage and transportation applications.


• By 2035, green ammonia is expected to emerge as a cornerstone of the global energy transition, bridging renewable energy production and carbon-free industrial applications.