U.S. Green Ammonia Market Size & Outlook, 2023-2030
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U.S. green ammonia market highlights
- The U.S. green ammonia market generated a revenue of USD 82.1 million in 2023 and is expected to reach USD 13,541.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 107.4% from 2024 to 2030.
- In terms of segment, power generation 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.
Green ammonia market data book summary
| Market revenue in 2023 | USD 82.1 million |
| Market revenue in 2030 | USD 13,541.9 million |
| Growth rate | 107.4% (CAGR from 2023 to 2030) |
| Largest segment | Power generation |
| Fastest growing segment | Fertilizer |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Power Generation, Transportation, Fertilizer, Refrigeration, Other End-Uses |
| Key market players worldwide | Siemens 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, U.S. accounted for 20.0% of the global green ammonia market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. green ammonia market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 4,388.6 million by 2030.
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Green Ammonia Market Scope
Green Ammonia Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hiringa Energy | View profile | 1-10 | New Plymouth, Taranaki, New Zealand, Oceania | https://www.hiringa.co.nz |
| Starfire Energy | View profile | 1-10 | Aurora, Colorado, United States, North America | https://www.starfireenergy.com/ |
| Haldor Topsoe Holding A/S | View profile | - | Lyngby, Hovedstaden, Denmark, Europe | - |
| Aquahydrex | View profile | 11-50 | Louisville, Colorado, United States, North America | https://aquahydrex.com/ |
| Electrochaea | View profile | 11-50 | Planegg, Bayern, Germany, Europe | http://www.electrochaea.com |
| Enapter | View profile | 101-250 | Berlin, Berlin, Germany, Europe | https://www.enapter.com |
| Green Hydrogen Systems | View profile | 251-500 | Kolding, Syddanmark, Denmark, Europe | http://greenhydrogen.dk/ |
| Wesfarmers Ltd | View profile | 217000 | 123 St Georges Terrace, Level 14, Brookfield Place Tower 2, Perth, WA, Australia, 6000 | https://www.wesfarmers.com.au |
| Yara International ASA | View profile | 18000 | Drammensveien 131, Oslo, Norway, 0277 | https://www.yara.com |
| McPhy Energy SA | View profile | 265 | 1115, Route de Saint-Thomas, La Motte-Fanjas, France, 26190 | http://www.mcphy.com |
| ITM Power PLC | View profile | 406 | 2 Bessemer Park, Shepcote Lane, Sheffield, United Kingdom, S9 1DZ | https://www.itm-power.com |
| NEL ASA | View profile | 673 | Karenslyst alle 49, Oslo, Norway, N-0279 | https://www.nelhydrogen.com |
| Siemens Energy AG ADR | View profile | 97000 | Otto-Hahn-Ring 6, Munich, BY, Germany, 81739 | https://www.siemens-energy.com |
| Volkswagen AG | View profile | 656134 | Berliner Ring 2, Wolfsburg, NI, Germany, 38440 | https://www.volkswagenag.com |
| Thyssenkrupp AG | View profile | 100202 | ThyssenKrupp Allee 1, Essen, NW, Germany, 45143 | https://www.thyssenkrupp.com |
| Uniper SE | View profile | 7037 | Holzstrasse 6, Dusseldorf, Germany, 40221 | https://www.uniper.energy |
| Cummins Inc | View profile | 75500 | 500 Jackson Street, Box 3005, Columbus, IN, United States, 47202-3005 | https://www.cummins.com |
| Engie SA | View profile | 97000 | 1, Place Samuel de Champlain, Courbevoie, France, 92400 | https://www.engie.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
U.S. 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.
Power generation was the largest segment with a revenue share of 43.61% in 2023. Horizon Databook has segmented the U.S. 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.
- U.S. Green Ammonia End-Use Outlook (Revenue, USD Million, 2018-2030)
- Power Generation
- Fertilizer
- Refrigeration
- Other End-Uses
- Transportation
- U.S. Green Ammonia Technology Outlook (Revenue, USD Million, 2018-2030)
- Solid Oxide Electrolysis
- Proton Exchange Membrane
- Alkaline Water Electrolysis
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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 country-level data and insights on the U.S. green ammonia market , including forecasts for subscribers. This country databook contains high-level insights into U.S. green ammonia market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. green ammonia market size, by end-use, 2018-2030 (US$M)
U.S. Green Ammonia Market Outlook Share, 2023 & 2030 (US$M)
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