Europe Green Ammonia Market to Reach USD 36395.4 Million by 2032

According to analysts at Vantage Market Research, the Europe Green Ammonia Market size is worth USD 567.3 Million in 2023 and is projected to reach USD 36395.4 Million by 2032, growing at a CAGR (Compound Annual Growth Rate) of 58.8% from 2024 to 2032. The market is driven by increasing demand for sustainable energy solutions, stringent environmental regulations, advancements in green ammonia production technologies, and growing investments in renewable energy infrastructure.

Market Overview

The Europe Green Ammonia Market is driven by the growing demand for sustainable and low-carbon energy solutions across various industries. Improvements in production technologies, including more efficient electrolysis and integration of renewable energy, are making green ammonia increasingly feasible and cost-effective. France is at the forefront of the European region, emphasizing carbon reduction and a shift to greener energy solutions, highlighting the critical role of green ammonia in its sustainable energy strategy. The agriculture sector is increasingly adopting green ammonia for nitrogen-based fertilizers, aligning with eco-friendly farming practices. Meanwhile, the transportation sector is exploring green ammonia as a fuel alternative to reduce emissions across road, maritime, and aviation applications. France’s robust renewable energy infrastructure, including wind and solar power, provides an ideal backdrop for green ammonia production, enhancing its market potential.

The Production costs can be reduced by advancements in renewable energy sources and electrolysis technology, such as more economical and efficient electrolyzers. Technological advancements have the potential to improve the economic viability and scalability of green ammonia production. These developments increase the competitiveness of green ammonia and create new opportunities for its use in a variety of industries. The green ammonia market can accelerate its growth and play a greater role in Europe's shift to sustainable energy by investing in and implementing cutting-edge technologies.

ITM Power and YARA International Partner for 24 MW Electrolyzer to Boost Green Ammonia Production

• ITM Power has secured a contract with YARA International, an EPC company, to supply a 24 MW electrolyzer for Yara Norge AS. This collaboration highlights YARA's commitment to advancing green ammonia production through the integration of ITM Power's state-of-the-art electrolysis technology

Key Takeaways from the Report

• In 2023, Alkaline Water Electrolysis accounts for market share of 54.5%. It is increasingly popular as a very efficient way to make green ammonia due to various advantages like sustainable agriculture and various industries
• By End-User, Power Generation holds largest market share of 56.1% in 2023. Green Ammonia can be used directly as a fuel in gas turbines or engines, providing a reliable, emissions-free method of generating electricity
• France is leading the European region and experiencing a significant rise in demand for green ammonia as it intensifies its commitment to sustainability and clean energy

Top Companies

• Siemens Energy AG
• Yara International ASA
• Thyssenkrupp AG
• Linde plc
• BASF SE
• MAN Energy Solutions SE
• Mitsubishi Power Europe GmbH
• Haldor Topsoe A/S
• Nel ASA
• ENGIE SA
• Uniper SE

Report Coverage

Our market research reports provide comprehensive insights that are essential for strategic decision-making. We cover all key aspects of the market, including dynamics such as drivers, restraints, opportunities, and challenges, alongside the latest industry trends. Our analysis includes an in-depth technology roadmap, product life cycle evaluation, and PESTLE analysis, ensuring a thorough understanding of the market environment. We also assess GDP growth outlooks, examine regional market landscapes, and evaluate the impact of major events like the COVID-19 pandemic. Additionally, our reports feature a detailed competitive landscape, including company market shares and profiles, providing actionable intelligence to empower your business strategies.

Latest News

Uniper SE and Vesta Establish Greenpoint Valley, Northwest Europe's First Green Ammonia Hub

• Uniper SE and Vesta have formalized a Memorandum of Understanding to upgrade an existing storage facility, setting the stage for Greenpoint Valley, Northwest Europe's first green ammonia hub. This initiative positions Uniper as a pivotal player in the growing green ammonia and hydrogen markets, strengthening supply security across Europe