According to the report by Expert Market Research (EMR), the North America green ammonia market size reached a value of approximately USD 81 million in 2023. Aided by the shift towards sustainability and increasing investments in renewable energy infrastructure, the market is projected to further grow at a CAGR of 53.7% between 2024 and 2032 to reach a value of USD 4870.01 billion by 2032.
Green ammonia refers to ammonia produced through a process that utilises renewable energy sources, such as wind, solar, or hydroelectric power, to power the synthesis of ammonia from nitrogen and hydrogen. Unlike traditional ammonia production methods, which rely on fossil fuels and emit greenhouse gases, green ammonia production aims to minimise carbon emissions and environmental impact. It represents a sustainable alternative for various industries, including agriculture, transportation, and energy storage, as it can be used as a carbon-free fuel or as a precursor for other green energy applications.
The agricultural sector represents one of the primary markets for green ammonia in North America. Traditionally, ammonia has been widely used as a nitrogen-based fertiliser in agriculture to enhance crop yields. However, the production of conventional ammonia involves significant carbon emissions and environmental impact. With the advent of green ammonia, farmers and agricultural producers have an opportunity to transition to more sustainable farming practices while reducing their carbon footprint. This is expected to drive the North America green ammonia market growth in the forecast period.
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Ammonia can be utilised as a hydrogen carrier for fuel cells, powering emission-free transportation solutions such as fuel cell vehicles and maritime vessels. The versatility of green ammonia as a carbon-free fuel makes it a promising candidate for decarbonising transportation systems and reducing reliance on fossil fuels. This is one of the key North America green ammonia market trends.
The market is also witnessing growing interest from the energy storage sector. Ammonia has the potential to serve as a long-term energy storage medium, enabling the storage and utilisation of renewable energy generated from intermittent sources such as wind and solar power. By converting excess renewable energy into green ammonia through electrolysis, North America can address challenges related to energy intermittency and grid stability while promoting renewable energy integration. This is creating a favourable outlook for the North America green ammonia market expansion over the forecast period.
North America Green Ammonia Market Segmentation
The market can be divided based on technology, end-use, and country.
Market Breakup by Technology
- Alkaline Water Electrolysis
- Proton Exchange Membrane
Market Breakup by End-Use
- Fertiliser
- Chemical and Petrochemicals
- Utilities
- Marine Transport
- Others
Market Breakup by Country
- United States of America
- Canada
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Competitive Landscape of North America Green Ammonia Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America green ammonia market. Some of the major players explored in the report by Expert Market Research are as follows:
- CF Industries Inc.
- Yara International
- ITM Power PLC
- Nel Hydrogen
- Excel Group
- LSB Industries
- Iberdrola S.A.
- OCI Global
- Greenfield Nitrogen LLC
- Others
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