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			       1	INTRODUCTION	31
1.1	OBJECTIVES OF THE STUDY	31
1.2	DEFINITION	31
1.2.1	GREEN AMMONIA MARKET: INCLUSIONS AND EXCLUSIONS	31
1.3	MARKET SCOPE	32
1.3.1	MARKET SEGMENTATION	32
1.3.2	REGIONS COVERED	32
1.3.3	YEARS CONSIDERED	33
1.4	CURRENCY	33
1.5	UNIT CONSIDERED	33
1.6	LIMITATIONS	33
1.7	STAKEHOLDERS	34
1.8	SUMMARY OF CHANGES	34
2	RESEARCH METHODOLOGY	35
2.1	RESEARCH DATA	35
FIGURE 1	GREEN AMMONIA MARKET: RESEARCH DESIGN	35
2.1.1	SECONDARY DATA	36
2.1.1.1	Key data from secondary sources	36
2.1.2	PRIMARY DATA	36
2.1.2.1	Key data from primary sources	37
2.1.2.2	Breakdown of primary interviews	37
2.1.2.3	Green ammonia market: players/companies connected for 
primary research	38
2.2	SCOPE	38
2.3	MARKET SIZE ESTIMATION	39
2.3.1	DEMAND-SIDE ANALYSIS	39
2.3.1.1	Assumptions	39
2.3.1.2	Limitations	39
2.3.1.3	Calculation	39
2.3.2	SUPPLY-SIDE ANALYSIS	40
2.3.2.1	Assumptions	40
2.3.2.2	Calculation	40
2.3.3	FORECAST	40
2.3.3.1	Assumptions	40
2.3.3.2	Calculation	40
2.4	MARKET BREAKDOWN AND DATA TRIANGULATION	41
FIGURE 2	DATA TRIANGULATION METHODOLOGY	41
2.5	PRIMARY INSIGHTS	42
2.5.1	KEY PLAYERS’ POINT OF VIEW	42
3	EXECUTIVE SUMMARY	43
TABLE 1	GREEN AMMONIA MARKET SNAPSHOT	44
FIGURE 3	EUROPE HELD LARGEST SHARE OF GREEN AMMONIA MARKET IN 2020	45
FIGURE 4	ALKALINE WATER ELECTROLYSIS EXPECTED TO BE DOMINANT TECHNOLOGY IN GREEN AMMONIA MARKET	45
FIGURE 5	POWER GENERATION SEGMENT IS LARGEST END USER OF GREEN AMMONIA	46
4	PREMIUM INSIGHTS	47
4.1	ATTRACTIVE OPPORTUNITIES IN GREEN AMMONIA MARKET	47
FIGURE 6	HIGH DEMAND FOR LONG-TERM POWER STORAGE SOLUTIONS TO FUEL GREEN AMMONIA MARKET GROWTH	47
4.2	GREEN AMMONIA MARKET, BY TECHNOLOGY	47
FIGURE 7	SOLID OXIDE ELECTROLYSIS TECHNOLOGY EXPECTED TO RECORD HIGHEST CAGR FROM 2021 TO 2030	47
4.3	GREEN AMMONIA MARKET, BY END USER	48
FIGURE 8	POWER GENERATION SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD	48
4.4	EUROPE: GREEN AMMONIA MARKET, BY END USER AND COUNTRY, 2020	48
FIGURE 9	POWER GENERATION IS LARGEST END USER OF GREEN AMMONIA 
IN EUROPE	48
4.5	GREEN AMMONIA MARKET, BY REGION	49
FIGURE 10	GREEN AMMONIA MARKET IN EUROPE TO WITNESS HIGHEST 
CAGR DURING FORECAST PERIOD	49
5	MARKET OVERVIEW	50
5.1	INTRODUCTION	50
5.2	MARKET DYNAMICS	50
FIGURE 11	GREEN AMMONIA MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES	50
5.2.1	DRIVERS	51
5.2.1.1	Demand for long-term storage of renewable energy	51
FIGURE 12	GLOBAL RENEWABLE ENERGY CAPACITY TREND, BY SOURCE (2020)	51
FIGURE 13	GLOBAL RENEWABLE ENERGY CAPACITY TREND, BY SOURCE (2010—2019)	51
TABLE 2	FALLING POWER GENERATION COSTS, 2010–2019	52
5.2.1.2	Obligations to reduce greenhouse emissions from traditional ammonia production methods	52
FIGURE 14	GLOBAL GREENHOUSE GAS EMISSIONS, BY SECTOR, 2016	52
5.2.1.3	Increased agricultural production and subsequent rise in 
fertilizers consumption	53
5.2.2	RESTRAINT	53
5.2.2.1	Higher initial capital requirements for green ammonia 
plant infrastructure	53
5.2.3	OPPORTUNITIES	54
5.2.3.1	Ammonia as maritime fuel	54
5.2.3.2	Increasing focus on hydrogen-based economy	54
5.2.4	CHALLENGES	55
5.2.4.1	Low awareness about green ammonia	55
5.2.5	IMPACT OF COVID-19 ON SUPPLY CHAIN	55
5.3	PRICING ANALYSIS	56
TABLE 3	COST OF AMMONIA PRODUCTION IN US FOR GAS- AND ELECTRICITY-POWERED PROJECTS (USD/MT-NH3) IN 2017	56
TABLE 4	ESTIMATED COST OF AMMONIA PRODUCTION IN US FOR GAS- 
AND ELECTRICITY-POWERED PROJECTS (USD/MT-NH3) IN 2025-E	57
5.4	TECHNOLOGY ANALYSIS	57
5.5	TRADITIONAL (‘GREY’) AMMONIA PRODUCTION	57
5.5.1	KEY CHALLENGE OF AMMONIA PRODUCTION	57
5.6	GREEN AMMONIA PRODUCTION	58
5.6.1	KEY CHALLENGE OF GREEN AMMONIA PRODUCTION	58
5.6.2	FUTURE OF GREEN AMMONIA	58
5.7	CASE STUDY ANALYSIS	59
5.8	ECOSYSTEM	61
TABLE 5	GREEN AMMONIA MARKET: ECOSYSTEM	61
5.9	VALUE CHAIN ANALYSIS	62
FIGURE 15	GREEN AMMONIA VALUE CHAIN ANALYSIS	62
6	GREEN AMMONIA MARKET, BY TECHNOLOGY	63
6.1	INTRODUCTION	64
FIGURE 16	SOLID OXIDE ELECTROLYSIS SEGMENT TO GROW AT HIGHEST 
CAGR FROM 2021 TO 2030	64
TABLE 6	GREEN AMMONIA MARKET SIZE, BY TECHNOLOGY, 
2018–2020 (USD THOUSAND)	64
TABLE 7	GREEN AMMONIA MARKET SIZE, BY TECHNOLOGY, 
2021–2030 (USD THOUSAND)	65
6.2	ALKALINE WATER ELECTROLYSIS (AWE)	65
6.2.1	LOW CAPITAL COST OF ALKALINE WATER ELECTROLYSIS SYSTEMS 
DRIVING THE MARKET	65
TABLE 8	ALKALINE WATER ELECTROLYSIS: GREEN AMMONIA MARKET SIZE, 
BY REGION, 2018–2020 (USD THOUSAND)	65
TABLE 9	ALKALINE WATER ELECTROLYSIS: GREEN AMMONIA MARKET SIZE, 
BY REGION, 2021–2030 (USD THOUSAND)	66
6.3	PROTON EXCHANGE MEMBRANE (PEM)	66
6.3.1	HIGH-PURITY HYDROGEN PRODUCED BY PEM PROCESS 
CONTRIBUTING TO THE MARKET GROWTH	66
TABLE 10	PROTON EXCHANGE MEMBRANE: GREEN AMMONIA MARKET SIZE, 
BY REGION, 2018–2020 (USD THOUSAND)	66
TABLE 11	PROTON EXCHANGE MEMBRANE: GREEN AMMONIA MARKET SIZE, 
BY REGION, 2021–2030 (USD THOUSAND)	67
6.4	SOLID OXIDE ELECTROLYSIS (SOE)	67
6.4.1	INCREASING DEMAND FOR FUEL CELLS BOOSTING THE DEMAND FOR 
SOLID OXIDE ELECTROLYSIS	67
TABLE 12	SOLID OXIDE ELECTROLYSIS: GREEN AMMONIA MARKET SIZE, BY REGION, 2018–2020 (USD THOUSAND)	68
TABLE 13	SOLID OXIDE ELECTROLYSIS: GREEN AMMONIA MARKET SIZE, BY REGION, 2021–2030 (USD THOUSAND)	68
7	GREEN AMMONIA MARKET, BY END USER	69
7.1	INTRODUCTION	70
FIGURE 17	POWER GENERATION SEGMENT TO LEAD GREEN AMMONIA MARKET 
FROM 2021 TO 2030	70
TABLE 14	GREEN AMMONIA MARKET SIZE, BY END USER,
2018–2020 (USD THOUSAND)	70
TABLE 15	GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	71
7.2	TRANSPORTATION	71
7.2.1	ADOPTION OF FUEL CELLS IN TRANSPORTATION DRIVING THE GREEN AMMONIA MARKET	71
TABLE 16	TRANSPORTATION: GREEN AMMONIA MARKET SIZE, BY REGION, 
2018–2020 (USD THOUSAND)	72
TABLE 17	TRANSPORTATION: GREEN AMMONIA MARKET SIZE, BY REGION, 
2021–2030 (USD THOUSAND)	72
7.3	POWER GENERATION	72
7.3.1	NEED FOR LONG-TERM STORAGE OF RENEWABLE ENERGY GENERATED AT ISOLATED WIND FARMS AND SOLAR PANELS DRIVING THE GREEN 
AMMONIA MARKET	72
TABLE 18	POWER GENERATION: GREEN AMMONIA MARKET SIZE, BY REGION, 
2018–2020 (USD THOUSAND)	73
TABLE 19	POWER GENERATION: GREEN AMMONIA MARKET SIZE, BY REGION, 
2021–2030 (USD THOUSAND)	73
7.4	INDUSTRIAL FEEDSTOCK	74
7.4.1	INCREASING DEMAND FOR FOOD PRODUCTS PROPELLING THE DEMAND 
FOR GREEN FERTILIZERS	74
TABLE 20	INDUSTRIAL FEEDSTOCK: GREEN AMMONIA MARKET SIZE, BY REGION, 2018–2020 (USD THOUSAND)	74
TABLE 21	INDUSTRIAL FEEDSTOCK: GREEN AMMONIA MARKET SIZE, BY REGION, 2021–2030 (USD THOUSAND)	74
8	GREEN AMMONIA MARKET, BY REGION	75
8.1	INTRODUCTION	76
FIGURE 18	EUROPEAN COUNTRIES TO EXHIBIT RELATIVELY HIGHER GROWTH 
DURING FORECAST PERIOD	76
TABLE 22	GREEN AMMONIA MARKET SIZE, BY REGION, 2018–2020 (USD THOUSAND)	77
TABLE 23	GREEN AMMONIA MARKET SIZE, BY REGION, 2021–2030 (USD THOUSAND)	77
TABLE 24	GREEN AMMONIA MARKET SIZE, BY REGION, 2018–2020 (KILOTON)	77
TABLE 25	GREEN AMMONIA MARKET SIZE, BY REGION, 2021–2030 (KILOTON)	78
8.2	EUROPE	78
FIGURE 19	EUROPE: GREEN AMMONIA MARKET SNAPSHOT	79
8.2.1	MACRO FACTORS	79
8.2.1.1	Ammonia production	79
TABLE 26	EUROPE: AMMONIA PRODUCTION, BY COUNTRY, 
2015–2019 (THOUSAND TON)	79
8.2.1.2	Hydrogen generation	80
TABLE 27	EUROPE: HYDROGEN GENERATION, BY COUNTRY, 
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)	80
8.2.1.3	Installed renewable capacity	80
TABLE 28	EUROPE: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 
2015–2019 (MW)	80
8.2.1.4	Greenhouse gas emissions	80
TABLE 29	EUROPE: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 
2013–2017 (MILLION TONS OF CO2)	80
8.2.2	BY TECHNOLOGY	81
TABLE 30	EUROPE: GREEN AMMONIA MARKET SIZE, BY TECHNOLOGY, 
2018–2020 (USD THOUSAND)	81
TABLE 31	EUROPE: GREEN AMMONIA MARKET SIZE, BY TECHNOLOGY, 
2021–2030 (USD THOUSAND)	81
8.2.3	BY END USER	81
TABLE 32	EUROPE: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	81
TABLE 33	EUROPE: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	82
8.2.4	BY COUNTRY	82
TABLE 34	EUROPE: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2018–2020 (USD THOUSAND)	82
TABLE 35	EUROPE: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2021–2030 (USD THOUSAND)	82
TABLE 36	EUROPE: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2018–2020 (KILOTON)	83
TABLE 37	EUROPE: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2021–2030 (KILOTON)	83
8.2.4.1	Germany	83
8.2.4.1.1	Increase in demand for energy storage systems, 
such as fuel cells, to drive the market	83
8.2.4.1.2	Macro factors	84
TABLE 38	GERMANY: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	84
TABLE 39	GERMANY: HYDROGEN GENERATION, 
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)	84
TABLE 40	GERMANY: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 
2015–2019 (MW)	84
TABLE 41	GERMANY: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	84
8.2.4.1.3	By end user	85
TABLE 42	GERMANY: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	85
TABLE 43	GERMANY: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	85
8.2.4.2	UK	85
8.2.4.2.1	Investments in green fuel, zero-carbon aviation, and agriculture driving the demand for green ammonia	85
8.2.4.2.2	Macro factors	85
TABLE 44	UK: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	85
TABLE 45	UK: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD 
CUBIC FEET PER DAY)	86
TABLE 46	UK: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	86
TABLE 47	UK: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)	86
8.2.4.2.3	By end user	86
TABLE 48	UK: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	86
TABLE 49	UK: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	86
8.2.4.3	Norway	87
8.2.4.3.1	Efforts for decarbonizing maritime industry 
driving the market in Norway	87
8.2.4.3.2	Macro factors	87
TABLE 50	NORWAY: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	87
TABLE 51	NORWAY: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	87
8.2.4.3.3	By end user	88
TABLE 52	NORWAY: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	88
TABLE 53	NORWAY: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	88
8.2.4.4	Denmark	88
8.2.4.4.1	Investments in green fuel and large-scale green energy plans to drive the market in Denmark	88
8.2.4.4.2	Macro factors	89
TABLE 54	DENMARK: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 
2015–2019 (MW)	89
TABLE 55	DENMARK: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	89
8.2.4.4.3	By end user	89
TABLE 56	DENMARK: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	89
TABLE 57	DENMARK: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	89
8.2.4.5	Netherlands	90
8.2.4.5.1	Favorable government policies and initiatives to produce green hydrogen to drive the demand for green ammonia	90
8.2.4.5.2	Macro factors	90
TABLE 58	NETHERLANDS: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	90
TABLE 59	NETHERLANDS: HYDROGEN GENERATION, 
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)	90
TABLE 60	NETHERLANDS: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 
2015–2019 (MW)	90
TABLE 61	NETHERLANDS: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	91
8.2.4.5.3	By end user	91
TABLE 62	NETHERLANDS: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	91
TABLE 63	NETHERLANDS: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	91
8.3	ASIA PACIFIC	92
FIGURE 20	ASIA PACIFIC: GREEN AMMONIA MARKET SNAPSHOT	93
8.3.1	MACRO FACTORS	93
8.3.1.1	Ammonia production	93
TABLE 64	ASIA PACIFIC: AMMONIA PRODUCTION, BY COUNTRY, 
2015–2019 (THOUSAND TON)	93
8.3.1.2	Hydrogen generation	94
TABLE 65	ASIA PACIFIC: HYDROGEN GENERATION, BY COUNTRY, 
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)	94
8.3.1.3	Installed renewable capacity	94
TABLE 66	ASIA PACIFIC: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 
2015–2019 (MW)	94
8.3.1.4	Greenhouse gas emissions	94
TABLE 67	ASIA PACIFIC: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 
2013–2017 (MILLION TONS OF CO2)	94
8.3.2	BY TECHNOLOGY	95
TABLE 68	ASIA PACIFIC: GREEN AMMONIA MARKET SIZE, BY TECHNOLOGY, 
2018–2020 (USD THOUSAND)	95
TABLE 69	ASIA PACIFIC: GREEN AMMONIA MARKET SIZE, BY TECHNOLOGY, 
2021–2030 (USD THOUSAND)	95
8.3.3	BY END USER	95
TABLE 70	ASIA PACIFIC: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	95
TABLE 71	ASIA PACIFIC: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	96
8.3.4	BY COUNTRY	96
TABLE 72	ASIA PACIFIC: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2018–2020 (USD THOUSAND)	96
TABLE 73	ASIA PACIFIC: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2021–2030 (USD THOUSAND)	96
TABLE 74	ASIA PACIFIC: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2018–2020 (KILOTON)	97
TABLE 75	ASIA PACIFIC: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2021–2030 (KILOTON)	97
8.3.4.1	Australia	97
8.3.4.1.1	Increase in demand for low-carbon green hydrogen driving the green ammonia market	97
8.3.4.1.2	Macro factors	98
TABLE 76	AUSTRALIA: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	98
TABLE 77	AUSTRALIA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)	98
TABLE 78	AUSTRALIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 
2015–2019 (MW)	98
TABLE 79	AUSTRALIA: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	98
8.3.4.1.3	By end user	98
TABLE 80	AUSTRALIA: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	98
TABLE 81	AUSTRALIA: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	99
8.3.4.2	Japan	99
8.3.4.2.1	Increase in demand for alkaline electrolyzers to conduct water electrolysis favoring the market growth	99
8.3.4.2.2	Macro factors	99
TABLE 82	JAPAN: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	99
TABLE 83	JAPAN: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD 
CUBIC FEET PER DAY)	99
TABLE 84	JAPAN: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	100
TABLE 85	JAPAN: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)	100
8.3.4.2.3	By end user	100
TABLE 86	JAPAN: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	100
TABLE 87	JAPAN: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	100
8.3.4.3	New Zealand	101
8.3.4.3.1	Increasing adoption of electric vehicles leads to renewable energy deployment at a larger scale, which brings opportunities for the country’s green ammonia market	101
8.3.4.3.2	Macro factors	101
TABLE 88	NEW ZEALAND: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	101
TABLE 89	NEW ZEALAND: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)	101
TABLE 90	NEW ZEALAND: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 
2015–2019 (MW)	101
TABLE 91	NEW ZEALAND: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	101
8.3.4.3.3	By end user	102
TABLE 92	NEW ZEALAND: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	102
TABLE 93	NEW ZEALAND: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	102
8.3.4.4	India	102
8.3.4.4.1	Government of India aims to increase the share of renewables, which, in turn, will drive the market	102
8.3.4.4.2	Macro factors	103
TABLE 94	INDIA: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	103
TABLE 95	INDIA: HYDROGEN GENERATION, 2013–2017 
(MILLION STANDARD CUBIC FEET PER DAY)	103
TABLE 96	INDIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	103
TABLE 97	INDIA: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)	103
8.3.4.4.3	By end user	103
TABLE 98	INDIA: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	103
TABLE 99	INDIA: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	104
8.3.4.5	South Korea	104
8.3.4.5.1	The country’s ambitious public-private green ammonia alliance to drive the market	104
8.3.4.5.2	By end user	104
TABLE 100	SOUTH KOREA: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	104
TABLE 101	SOUTH KOREA: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	104
8.3.4.6	Rest of Asia Pacific	105
8.3.4.6.1	By end user	105
TABLE 102	REST OF ASIA PACIFIC: GREEN AMMONIA MARKET SIZE, BY END USER, 2018–2020 (USD THOUSAND)	105
TABLE 103	REST OF ASIA PACIFIC: GREEN AMMONIA MARKET SIZE, BY END USER, 2021–2030 (USD THOUSAND)	105
8.4	NORTH AMERICA	105
8.4.1	MACRO FACTORS	106
8.4.1.1	Ammonia production	106
TABLE 104	NORTH AMERICA: AMMONIA PRODUCTION, BY COUNTRY, 
2015–2019 (THOUSAND TON)	106
8.4.1.2	Hydrogen generation	106
TABLE 105	NORTH AMERICA: HYDROGEN GENERATION, BY COUNTRY, 
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)	106
8.4.1.3	Installed renewable capacity	106
TABLE 106	NORTH AMERICA: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 
2015–2019 (MW)	106
8.4.1.4	Greenhouse gas emissions	106
TABLE 107	NORTH AMERICA: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 
2013–2017 (MILLION TONS OF CO2)	106
8.4.2	BY TECHNOLOGY	107
TABLE 108	NORTH AMERICA: GREEN AMMONIA MARKET SIZE, BY TECHNOLOGY, 
2018–2020 (USD THOUSAND)	107
TABLE 109	NORTH AMERICA: GREEN AMMONIA MARKET SIZE, BY TECHNOLOGY, 
2021–2030 (USD THOUSAND)	107
8.4.3	BY END USER	107
TABLE 110	NORTH AMERICA: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	107
TABLE 111	NORTH AMERICA: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	108
8.4.4	BY COUNTRY	108
TABLE 112	NORTH AMERICA: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2018–2020 (USD THOUSAND)	108
TABLE 113	NORTH AMERICA: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2021–2030 (USD THOUSAND)	108
TABLE 114	NORTH AMERICA: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2018–2020 (KILOTON)	108
TABLE 115	NORTH AMERICA: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2021–2030 (KILOTON)	109
8.4.4.1	US	109
8.4.4.1.1	Increasing government support and developing hydrogen infrastructure fueling green ammonia market growth	109
8.4.4.1.2	Macro factors	109
TABLE 116	US: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	109
TABLE 117	US: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD 
CUBIC FEET PER DAY)	109
TABLE 118	US: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	110
TABLE 119	US: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)	110
8.4.4.1.3	By end user	110
TABLE 120	US: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	110
TABLE 121	US: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	110
8.4.4.2	Canada	111
8.4.4.2.1	Increasing fuel cell power generation boosting demand for green hydrogen in the country	111
8.4.4.2.2	Macro factors	111
TABLE 122	CANADA: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	111
TABLE 123	CANADA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD 
CUBIC FEET PER DAY)	111
TABLE 124	CANADA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	111
TABLE 125	CANADA: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	112
8.4.4.2.3	By end user	112
TABLE 126	CANADA: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	112
TABLE 127	CANADA: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	112
8.4.4.3	Mexico	112
8.4.4.3.1	Large-scale refining operations to drive the demand 
for green ammonia	112
8.4.4.3.2	Macro factors	113
TABLE 128	MEXICO: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	113
TABLE 129	MEXICO: HYDROGEN GENERATION, 
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)	113
TABLE 130	MEXICO: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	113
TABLE 131	MEXICO: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	113
8.4.4.3.3	By end user	113
TABLE 132	MEXICO: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	113
TABLE 133	MEXICO: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	114
8.5	REST OF THE WORLD	114
8.5.1	MACRO FACTORS	114
8.5.1.1	Ammonia production	114
TABLE 134	REST OF THE WORLD: AMMONIA PRODUCTION, BY COUNTRY, 
2015–2019 (THOUSAND TON)	114
8.5.1.2	Hydrogen generation	115
TABLE 135	REST OF THE WORLD: HYDROGEN GENERATION, BY COUNTRY, 
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)	115
8.5.1.3	Installed renewable capacity	115
TABLE 136	REST OF THE WORLD: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 2015–2019 (MW)	115
8.5.1.4	Greenhouse gas emissions	115
TABLE 137	REST OF THE WORLD: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 
2013–2017 (MILLION TONS OF CO2)	115
8.5.2	BY TECHNOLOGY	116
TABLE 138	REST OF THE WORLD: GREEN AMMONIA MARKET SIZE, BY TECHNOLOGY, 2018–2020 (USD THOUSAND)	116
TABLE 139	REST OF THE WORLD: GREEN AMMONIA MARKET SIZE, BY TECHNOLOGY, 2021–2030 (USD THOUSAND)	116
8.5.3	BY END USER	116
TABLE 140	REST OF THE WORLD: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	116
TABLE 141	REST OF THE WORLD: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	117
8.5.4	BY COUNTRY	117
8.5.4.1	China	117
8.5.4.1.1	The increasing focus on hydrogen-based trucks and buses and fuel cell development has driven the market	117
FIGURE 21	FUEL CELL ELECTRIC VEHICLE TARGETS FOR CHINA, 2018-2030	117
8.5.4.1.2	Macro factors	118
TABLE 142	CHINA: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	118
TABLE 143	CHINA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD 
CUBIC FEET PER DAY)	118
TABLE 144	CHINA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	118
TABLE 145	CHINA: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	118
8.5.4.2	Russia	119
8.5.4.2.1	Russia’s increase in the share of renewables will 
drive the market	119
FIGURE 22	SHARE OF MAJOR RUSSIAN AMMONIA PRODUCERS, 2019	119
8.5.4.2.2	Macro factors	119
TABLE 146	RUSSIA: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	119
TABLE 147	RUSSIA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD 
CUBIC FEET PER DAY)	119
TABLE 148	RUSSIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	120
TABLE 149	RUSSIA: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	120
8.5.4.3	France	120
8.5.4.3.1	France is assessing the use of green ammonia-powered 
fuel cells for ship fuel	120
8.5.4.3.2	Macro factors	120
TABLE 150	FRANCE: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	120
TABLE 151	FRANCE: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD 
CUBIC FEET PER DAY)	121
TABLE 152	FRANCE: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	121
TABLE 153	FRANCE: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	121
8.5.4.4	Austria	121
8.5.4.4.1	Austria’s vast reserves of renewable energy resources 
will drive the market	121
8.5.4.4.2	Macro factors	122
TABLE 154	AUSTRIA: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	122
TABLE 155	AUSTRIA: HYDROGEN GENERATION, 
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)	122
TABLE 156	AUSTRIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	122
TABLE 157	AUSTRIA: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS 
OF CO2)	122
8.5.4.5	Chile	123
8.5.4.5.1	Developments in the energy sector are expected to drive the green ammonia market	123
8.5.4.5.2	Macro factors	123
TABLE 158	CHILE: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	123
TABLE 159	CHILE: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)	123
8.5.4.6	Morocco	124
8.5.4.6.1	Morocco has been investing in the research and development of clean energy solutions	124
8.5.4.6.2	Macro factors	124
TABLE 160	MOROCCO: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 
2015–2019 (MW)	124
TABLE 161	MOROCCO: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	124
 
9	COMPETITIVE LANDSCAPE	125
9.1	KEY PLAYERS’ STRATEGIES	125
TABLE 162	OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS, 2018–2021	125
9.2	MARKET EVALUATION FRAMEWORK	126
FIGURE 23	GREEN AMMONIA MARKET EVALUATION FRAMEWORK FOR ALL 
PLAYERS, 2018–2021	127
9.3	MARKET SHARE ANALYSIS	127
FIGURE 24	ACTIVE PLAYERS IN THE GREEN AMMONIA MARKET, 2020	128
9.4	SIEMENS ENERGY	128
9.4.1	MAN ENERGY SOLUTIONS	128
9.4.2	NEL HYDROGEN	128
9.4.3	THYSSENKRUPP AG	129
9.4.4	YARA INTERNATIONAL	129
9.4.5	HALDOR TOPSOE	129
TABLE 163	GREEN AMMONIA MARKET: TECHNOLOGY FOOTPRINT	130
TABLE 164	GREEN AMMONIA MARKET: REGION FOOTPRINT	131
9.5	COMPANY EVALUATION QUADRANT	132
9.5.1	STAR	132
9.5.2	PERVASIVE	132
9.5.3	EMERGING LEADER	132
9.5.4	PARTICIPANT	132
FIGURE 25	GREEN AMMONIA MARKET (GLOBAL) COMPETITIVE LEADERSHIP 
MAPPING, 2020	133
9.6	COMPETITIVE LEADERSHIP MAPPING OF SMES, 2020	133
9.6.1	PROGRESSIVE COMPANIES	133
9.6.2	RESPONSIVE COMPANIES	134
9.6.3	STARTING BLOCKS	134
9.6.4	DYNAMIC COMPANIES	134
FIGURE 26	OTHER ADDITIONAL PLAYERS/SMES EVALUATION MATRIX FOR 
GREEN AMMONIA MARKET	134
9.7	COMPETITIVE SCENARIO	135
TABLE 165	GREEN AMMONIA MARKET: PRODUCT LAUNCHES, 2018–2021	135
TABLE 166	GREEN AMMONIA MARKET: DEALS, 2018 –2021	136
TABLE 167	GREEN AMMONIA MARKET: OTHER DEVELOPMENTS, 2018- 2021	145
10	COMPANY PROFILES	146
(Business Overview, Products/solutions/services offered, Recent Developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats)*
10.1	TECHNOLOGY PROVIDERS	146
10.1.1	SIEMENS ENERGY	146
TABLE 168	SIEMENS ENERGY: COMPANY OVERVIEW	146
FIGURE 27	SIEMENS: COMPANY SNAPSHOT	147
TABLE 169	SIEMENS ENERGY: SOLUTION OFFERINGS	147
TABLE 170	SIEMENS ENERGY: DEALS	148
TABLE 171	SIEMENS ENERGY: OTHERS	148
10.1.2	MAN ENERGY SOLUTIONS	150
TABLE 172	MAN ENERGY SOLUTIONS: COMPANY OVERVIEW	150
TABLE 173	MAN ENERGY SOLUTIONS: SOLUTION OFFERINGS	150
TABLE 174	MAN ENERGY SOLUTIONS: PRODUCT LAUNCHES	151
TABLE 175	MAN ENERGY SOLUTIONS: DEALS	151
10.1.3	NEL HYDROGEN	153
TABLE 176	NEL HYDROGEN: COMPANY OVERVIEW	153
FIGURE 28	NEL HYDROGEN: COMPANY SNAPSHOT	154
TABLE 177	NEL HYDROGEN: SOLUTION OFFERINGS	154
TABLE 178	NEL HYDROGEN: DEALS	155
10.1.4	THYSSENKRUPP AG	158
TABLE 179	THYSSENKRUPP AG: COMPANY OVERVIEW	158
FIGURE 29	THYSSENKRUPP AG: COMPANY SNAPSHOT	159
TABLE 180	THYSSENKRUPP AG: PRODUCT LAUNCHES	160
TABLE 181	THYSSENKRUPP AG: DEALS	160
10.1.5	ITM POWER	162
TABLE 182	ITM POWER: COMPANY OVERVIEW	162
FIGURE 30	ITM POWER: COMPANY SNAPSHOT	163
TABLE 183	ITM POWER: DEALS	164
10.1.6	GREEN HYDROGEN SYSTEMS	166
TABLE 184	GREEN HYDROGEN SYSTEMS: COMPANY OVERVIEW	166
TABLE 185	GREEN HYDROGEN SYSTEMS: SOLUTION OFFERINGS	166
TABLE 186	GREEN HYDROGEN SYSTEMS: DEAL	167
10.1.7	MCPHY ENERGY	168
TABLE 187	MCPHY ENERGY: COMPANY OVERVIEW	168
FIGURE 31	MCPHY ENERGY: COMPANY SNAPSHOT	168
TABLE 188	MCPHY ENERGY: PRODUCT LAUNCHES	169
TABLE 189	MCPHY ENERGY: DEALS	169
10.1.8	ELECTROCHAEA	171
TABLE 190	ELECTROCHAEA: COMPANY OVERVIEW	171
10.1.9	HYDROGENICS	172
TABLE 191	HYDROGENICS: COMPANY OVERVIEW	172
TABLE 192	HYDROGENICS: PRODUCT LAUNCHES	173
10.1.10	AQUAHYDREX	174
TABLE 193	AQUAHYDREX: COMPANY OVERVIEW	174
TABLE 194	AQUAHYDREX: DEALS	174
10.1.11	EXYTRON	175
TABLE 195	EXYTRON: COMPANY OVERVIEW	175
10.1.12	UNIPER	176
TABLE 196	UNIPER: COMPANY OVERVIEW	176
FIGURE 32	UNIPER: COMPANY SNAPSHOT	177
TABLE 197	UNIPER: DEALS	178
10.1.13	ENAPTER	179
TABLE 198	ENAPTER: COMPANY OVERVIEW	179
10.1.14	STARFIRE ENERGY	180
TABLE 199	STARFIRE ENERGY: COMPANY OVERVIEW	180
10.1.15	ENGIE	181
TABLE 200	ENGIE: COMPANY OVERVIEW	181
FIGURE 33	ENGIE: COMPANY SNAPSHOT	181
TABLE 201	ENGIE: DEALS	182
TABLE 202	ENGIE: OTHERS	183
10.2	CHEMICAL PROVIDERS	184
10.2.1	YARA INTERNATIONAL	184
TABLE 203	YARA INTERNATIONAL: COMPANY OVERVIEW	184
FIGURE 34	YARA INTERNATIONAL: COMPANY SNAPSHOT	185
TABLE 204	YARA INTERNATIONAL: PRODUCT LAUNCHES	186
TABLE 205	YARA INTERNATIONAL: DEALS	186
TABLE 206	YARA INTERNATIONAL: OTHERS	186
10.2.2	BASF SE	187
TABLE 207	BASF SE: COMPANY OVERVIEW	187
FIGURE 35	BASF SE: COMPANY SNAPSHOT	188
TABLE 208	BASF SE : DEALS	189
10.2.3	QUEENSLAND NITRATES	190
TABLE 209	QUEENSLAND NITRATES PTY LTD: COMPANY OVERVIEW	190
TABLE 210	QUEENSLAND NITRATES PTY LTD: DEALS	190
10.3	AMMONIA PLANT EPC COMPANIES	191
10.3.1	HALDOR TOPSOE	191
TABLE 211	HALDOR TOPSOE: COMPANY OVERVIEW	191
TABLE 212	HALDOR TOPSOE: PRODUCT LAUNCHES	192
TABLE 213	HALDOR TOPSOE: OTHERS	192
10.3.2	HIRINGA ENERGY	193
TABLE 214	HIRINGA ENERGY: COMPANY OVERVIEW	193
TABLE 215	HIRINGA ENERGY: DEALS	194
*Details on Business Overview, Products/solutions/services offered, Recent Developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats might not be captured in case of unlisted companies.
 
11	APPENDIX	195
11.1	DISCUSSION GUIDE	195
11.2	KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL	198
11.3	AVAILABLE CUSTOMIZATIONS	200
11.4	RELATED REPORTS	200
11.5	AUTHOR DETAILS	201
			       1	INTRODUCTION	31
1.1	OBJECTIVES OF THE STUDY	31
1.2	DEFINITION	31
1.2.1	GREEN AMMONIA MARKET: INCLUSIONS AND EXCLUSIONS	31
1.3	MARKET SCOPE	32
1.3.1	MARKET SEGMENTATION	32
1.3.2	REGIONS COVERED	32
1.3.3	YEARS CONSIDERED	33
1.4	CURRENCY	33
1.5	UNIT CONSIDERED	33
1.6	LIMITATIONS	33
1.7	STAKEHOLDERS	34
1.8	SUMMARY OF CHANGES	34
2	RESEARCH METHODOLOGY	35
2.1	RESEARCH DATA	35
FIGURE 1	GREEN AMMONIA MARKET: RESEARCH DESIGN	35
2.1.1	SECONDARY DATA	36
2.1.1.1	Key data from secondary sources	36
2.1.2	PRIMARY DATA	36
2.1.2.1	Key data from primary sources	37
2.1.2.2	Breakdown of primary interviews	37
2.1.2.3	Green ammonia market: players/companies connected for 
primary research	38
2.2	SCOPE	38
2.3	MARKET SIZE ESTIMATION	39
2.3.1	DEMAND-SIDE ANALYSIS	39
2.3.1.1	Assumptions	39
2.3.1.2	Limitations	39
2.3.1.3	Calculation	39
2.3.2	SUPPLY-SIDE ANALYSIS	40
2.3.2.1	Assumptions	40
2.3.2.2	Calculation	40
2.3.3	FORECAST	40
2.3.3.1	Assumptions	40
2.3.3.2	Calculation	40
2.4	MARKET BREAKDOWN AND DATA TRIANGULATION	41
FIGURE 2	DATA TRIANGULATION METHODOLOGY	41
2.5	PRIMARY INSIGHTS	42
2.5.1	KEY PLAYERS’ POINT OF VIEW	42
3	EXECUTIVE SUMMARY	43
TABLE 1	GREEN AMMONIA MARKET SNAPSHOT	44
FIGURE 3	EUROPE HELD LARGEST SHARE OF GREEN AMMONIA MARKET IN 2020	45
FIGURE 4	ALKALINE WATER ELECTROLYSIS EXPECTED TO BE DOMINANT TECHNOLOGY IN GREEN AMMONIA MARKET	45
FIGURE 5	POWER GENERATION SEGMENT IS LARGEST END USER OF GREEN AMMONIA	46
4	PREMIUM INSIGHTS	47
4.1	ATTRACTIVE OPPORTUNITIES IN GREEN AMMONIA MARKET	47
FIGURE 6	HIGH DEMAND FOR LONG-TERM POWER STORAGE SOLUTIONS TO FUEL GREEN AMMONIA MARKET GROWTH	47
4.2	GREEN AMMONIA MARKET, BY TECHNOLOGY	47
FIGURE 7	SOLID OXIDE ELECTROLYSIS TECHNOLOGY EXPECTED TO RECORD HIGHEST CAGR FROM 2021 TO 2030	47
4.3	GREEN AMMONIA MARKET, BY END USER	48
FIGURE 8	POWER GENERATION SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD	48
4.4	EUROPE: GREEN AMMONIA MARKET, BY END USER AND COUNTRY, 2020	48
FIGURE 9	POWER GENERATION IS LARGEST END USER OF GREEN AMMONIA 
IN EUROPE	48
4.5	GREEN AMMONIA MARKET, BY REGION	49
FIGURE 10	GREEN AMMONIA MARKET IN EUROPE TO WITNESS HIGHEST 
CAGR DURING FORECAST PERIOD	49
5	MARKET OVERVIEW	50
5.1	INTRODUCTION	50
5.2	MARKET DYNAMICS	50
FIGURE 11	GREEN AMMONIA MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES	50
5.2.1	DRIVERS	51
5.2.1.1	Demand for long-term storage of renewable energy	51
FIGURE 12	GLOBAL RENEWABLE ENERGY CAPACITY TREND, BY SOURCE (2020)	51
FIGURE 13	GLOBAL RENEWABLE ENERGY CAPACITY TREND, BY SOURCE (2010—2019)	51
TABLE 2	FALLING POWER GENERATION COSTS, 2010–2019	52
5.2.1.2	Obligations to reduce greenhouse emissions from traditional ammonia production methods	52
FIGURE 14	GLOBAL GREENHOUSE GAS EMISSIONS, BY SECTOR, 2016	52
5.2.1.3	Increased agricultural production and subsequent rise in 
fertilizers consumption	53
5.2.2	RESTRAINT	53
5.2.2.1	Higher initial capital requirements for green ammonia 
plant infrastructure	53
5.2.3	OPPORTUNITIES	54
5.2.3.1	Ammonia as maritime fuel	54
5.2.3.2	Increasing focus on hydrogen-based economy	54
5.2.4	CHALLENGES	55
5.2.4.1	Low awareness about green ammonia	55
5.2.5	IMPACT OF COVID-19 ON SUPPLY CHAIN	55
5.3	PRICING ANALYSIS	56
TABLE 3	COST OF AMMONIA PRODUCTION IN US FOR GAS- AND ELECTRICITY-POWERED PROJECTS (USD/MT-NH3) IN 2017	56
TABLE 4	ESTIMATED COST OF AMMONIA PRODUCTION IN US FOR GAS- 
AND ELECTRICITY-POWERED PROJECTS (USD/MT-NH3) IN 2025-E	57
5.4	TECHNOLOGY ANALYSIS	57
5.5	TRADITIONAL (‘GREY’) AMMONIA PRODUCTION	57
5.5.1	KEY CHALLENGE OF AMMONIA PRODUCTION	57
5.6	GREEN AMMONIA PRODUCTION	58
5.6.1	KEY CHALLENGE OF GREEN AMMONIA PRODUCTION	58
5.6.2	FUTURE OF GREEN AMMONIA	58
5.7	CASE STUDY ANALYSIS	59
5.8	ECOSYSTEM	61
TABLE 5	GREEN AMMONIA MARKET: ECOSYSTEM	61
5.9	VALUE CHAIN ANALYSIS	62
FIGURE 15	GREEN AMMONIA VALUE CHAIN ANALYSIS	62
6	GREEN AMMONIA MARKET, BY TECHNOLOGY	63
6.1	INTRODUCTION	64
FIGURE 16	SOLID OXIDE ELECTROLYSIS SEGMENT TO GROW AT HIGHEST 
CAGR FROM 2021 TO 2030	64
TABLE 6	GREEN AMMONIA MARKET SIZE, BY TECHNOLOGY, 
2018–2020 (USD THOUSAND)	64
TABLE 7	GREEN AMMONIA MARKET SIZE, BY TECHNOLOGY, 
2021–2030 (USD THOUSAND)	65
6.2	ALKALINE WATER ELECTROLYSIS (AWE)	65
6.2.1	LOW CAPITAL COST OF ALKALINE WATER ELECTROLYSIS SYSTEMS 
DRIVING THE MARKET	65
TABLE 8	ALKALINE WATER ELECTROLYSIS: GREEN AMMONIA MARKET SIZE, 
BY REGION, 2018–2020 (USD THOUSAND)	65
TABLE 9	ALKALINE WATER ELECTROLYSIS: GREEN AMMONIA MARKET SIZE, 
BY REGION, 2021–2030 (USD THOUSAND)	66
6.3	PROTON EXCHANGE MEMBRANE (PEM)	66
6.3.1	HIGH-PURITY HYDROGEN PRODUCED BY PEM PROCESS 
CONTRIBUTING TO THE MARKET GROWTH	66
TABLE 10	PROTON EXCHANGE MEMBRANE: GREEN AMMONIA MARKET SIZE, 
BY REGION, 2018–2020 (USD THOUSAND)	66
TABLE 11	PROTON EXCHANGE MEMBRANE: GREEN AMMONIA MARKET SIZE, 
BY REGION, 2021–2030 (USD THOUSAND)	67
6.4	SOLID OXIDE ELECTROLYSIS (SOE)	67
6.4.1	INCREASING DEMAND FOR FUEL CELLS BOOSTING THE DEMAND FOR 
SOLID OXIDE ELECTROLYSIS	67
TABLE 12	SOLID OXIDE ELECTROLYSIS: GREEN AMMONIA MARKET SIZE, BY REGION, 2018–2020 (USD THOUSAND)	68
TABLE 13	SOLID OXIDE ELECTROLYSIS: GREEN AMMONIA MARKET SIZE, BY REGION, 2021–2030 (USD THOUSAND)	68
7	GREEN AMMONIA MARKET, BY END USER	69
7.1	INTRODUCTION	70
FIGURE 17	POWER GENERATION SEGMENT TO LEAD GREEN AMMONIA MARKET 
FROM 2021 TO 2030	70
TABLE 14	GREEN AMMONIA MARKET SIZE, BY END USER,
2018–2020 (USD THOUSAND)	70
TABLE 15	GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	71
7.2	TRANSPORTATION	71
7.2.1	ADOPTION OF FUEL CELLS IN TRANSPORTATION DRIVING THE GREEN AMMONIA MARKET	71
TABLE 16	TRANSPORTATION: GREEN AMMONIA MARKET SIZE, BY REGION, 
2018–2020 (USD THOUSAND)	72
TABLE 17	TRANSPORTATION: GREEN AMMONIA MARKET SIZE, BY REGION, 
2021–2030 (USD THOUSAND)	72
7.3	POWER GENERATION	72
7.3.1	NEED FOR LONG-TERM STORAGE OF RENEWABLE ENERGY GENERATED AT ISOLATED WIND FARMS AND SOLAR PANELS DRIVING THE GREEN 
AMMONIA MARKET	72
TABLE 18	POWER GENERATION: GREEN AMMONIA MARKET SIZE, BY REGION, 
2018–2020 (USD THOUSAND)	73
TABLE 19	POWER GENERATION: GREEN AMMONIA MARKET SIZE, BY REGION, 
2021–2030 (USD THOUSAND)	73
7.4	INDUSTRIAL FEEDSTOCK	74
7.4.1	INCREASING DEMAND FOR FOOD PRODUCTS PROPELLING THE DEMAND 
FOR GREEN FERTILIZERS	74
TABLE 20	INDUSTRIAL FEEDSTOCK: GREEN AMMONIA MARKET SIZE, BY REGION, 2018–2020 (USD THOUSAND)	74
TABLE 21	INDUSTRIAL FEEDSTOCK: GREEN AMMONIA MARKET SIZE, BY REGION, 2021–2030 (USD THOUSAND)	74
8	GREEN AMMONIA MARKET, BY REGION	75
8.1	INTRODUCTION	76
FIGURE 18	EUROPEAN COUNTRIES TO EXHIBIT RELATIVELY HIGHER GROWTH 
DURING FORECAST PERIOD	76
TABLE 22	GREEN AMMONIA MARKET SIZE, BY REGION, 2018–2020 (USD THOUSAND)	77
TABLE 23	GREEN AMMONIA MARKET SIZE, BY REGION, 2021–2030 (USD THOUSAND)	77
TABLE 24	GREEN AMMONIA MARKET SIZE, BY REGION, 2018–2020 (KILOTON)	77
TABLE 25	GREEN AMMONIA MARKET SIZE, BY REGION, 2021–2030 (KILOTON)	78
8.2	EUROPE	78
FIGURE 19	EUROPE: GREEN AMMONIA MARKET SNAPSHOT	79
8.2.1	MACRO FACTORS	79
8.2.1.1	Ammonia production	79
TABLE 26	EUROPE: AMMONIA PRODUCTION, BY COUNTRY, 
2015–2019 (THOUSAND TON)	79
8.2.1.2	Hydrogen generation	80
TABLE 27	EUROPE: HYDROGEN GENERATION, BY COUNTRY, 
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)	80
8.2.1.3	Installed renewable capacity	80
TABLE 28	EUROPE: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 
2015–2019 (MW)	80
8.2.1.4	Greenhouse gas emissions	80
TABLE 29	EUROPE: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 
2013–2017 (MILLION TONS OF CO2)	80
8.2.2	BY TECHNOLOGY	81
TABLE 30	EUROPE: GREEN AMMONIA MARKET SIZE, BY TECHNOLOGY, 
2018–2020 (USD THOUSAND)	81
TABLE 31	EUROPE: GREEN AMMONIA MARKET SIZE, BY TECHNOLOGY, 
2021–2030 (USD THOUSAND)	81
8.2.3	BY END USER	81
TABLE 32	EUROPE: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	81
TABLE 33	EUROPE: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	82
8.2.4	BY COUNTRY	82
TABLE 34	EUROPE: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2018–2020 (USD THOUSAND)	82
TABLE 35	EUROPE: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2021–2030 (USD THOUSAND)	82
TABLE 36	EUROPE: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2018–2020 (KILOTON)	83
TABLE 37	EUROPE: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2021–2030 (KILOTON)	83
8.2.4.1	Germany	83
8.2.4.1.1	Increase in demand for energy storage systems, 
such as fuel cells, to drive the market	83
8.2.4.1.2	Macro factors	84
TABLE 38	GERMANY: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	84
TABLE 39	GERMANY: HYDROGEN GENERATION, 
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)	84
TABLE 40	GERMANY: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 
2015–2019 (MW)	84
TABLE 41	GERMANY: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	84
8.2.4.1.3	By end user	85
TABLE 42	GERMANY: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	85
TABLE 43	GERMANY: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	85
8.2.4.2	UK	85
8.2.4.2.1	Investments in green fuel, zero-carbon aviation, and agriculture driving the demand for green ammonia	85
8.2.4.2.2	Macro factors	85
TABLE 44	UK: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	85
TABLE 45	UK: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD 
CUBIC FEET PER DAY)	86
TABLE 46	UK: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	86
TABLE 47	UK: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)	86
8.2.4.2.3	By end user	86
TABLE 48	UK: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	86
TABLE 49	UK: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	86
8.2.4.3	Norway	87
8.2.4.3.1	Efforts for decarbonizing maritime industry 
driving the market in Norway	87
8.2.4.3.2	Macro factors	87
TABLE 50	NORWAY: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	87
TABLE 51	NORWAY: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	87
8.2.4.3.3	By end user	88
TABLE 52	NORWAY: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	88
TABLE 53	NORWAY: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	88
8.2.4.4	Denmark	88
8.2.4.4.1	Investments in green fuel and large-scale green energy plans to drive the market in Denmark	88
8.2.4.4.2	Macro factors	89
TABLE 54	DENMARK: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 
2015–2019 (MW)	89
TABLE 55	DENMARK: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	89
8.2.4.4.3	By end user	89
TABLE 56	DENMARK: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	89
TABLE 57	DENMARK: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	89
8.2.4.5	Netherlands	90
8.2.4.5.1	Favorable government policies and initiatives to produce green hydrogen to drive the demand for green ammonia	90
8.2.4.5.2	Macro factors	90
TABLE 58	NETHERLANDS: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	90
TABLE 59	NETHERLANDS: HYDROGEN GENERATION, 
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)	90
TABLE 60	NETHERLANDS: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 
2015–2019 (MW)	90
TABLE 61	NETHERLANDS: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	91
8.2.4.5.3	By end user	91
TABLE 62	NETHERLANDS: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	91
TABLE 63	NETHERLANDS: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	91
8.3	ASIA PACIFIC	92
FIGURE 20	ASIA PACIFIC: GREEN AMMONIA MARKET SNAPSHOT	93
8.3.1	MACRO FACTORS	93
8.3.1.1	Ammonia production	93
TABLE 64	ASIA PACIFIC: AMMONIA PRODUCTION, BY COUNTRY, 
2015–2019 (THOUSAND TON)	93
8.3.1.2	Hydrogen generation	94
TABLE 65	ASIA PACIFIC: HYDROGEN GENERATION, BY COUNTRY, 
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)	94
8.3.1.3	Installed renewable capacity	94
TABLE 66	ASIA PACIFIC: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 
2015–2019 (MW)	94
8.3.1.4	Greenhouse gas emissions	94
TABLE 67	ASIA PACIFIC: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 
2013–2017 (MILLION TONS OF CO2)	94
8.3.2	BY TECHNOLOGY	95
TABLE 68	ASIA PACIFIC: GREEN AMMONIA MARKET SIZE, BY TECHNOLOGY, 
2018–2020 (USD THOUSAND)	95
TABLE 69	ASIA PACIFIC: GREEN AMMONIA MARKET SIZE, BY TECHNOLOGY, 
2021–2030 (USD THOUSAND)	95
8.3.3	BY END USER	95
TABLE 70	ASIA PACIFIC: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	95
TABLE 71	ASIA PACIFIC: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	96
8.3.4	BY COUNTRY	96
TABLE 72	ASIA PACIFIC: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2018–2020 (USD THOUSAND)	96
TABLE 73	ASIA PACIFIC: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2021–2030 (USD THOUSAND)	96
TABLE 74	ASIA PACIFIC: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2018–2020 (KILOTON)	97
TABLE 75	ASIA PACIFIC: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2021–2030 (KILOTON)	97
8.3.4.1	Australia	97
8.3.4.1.1	Increase in demand for low-carbon green hydrogen driving the green ammonia market	97
8.3.4.1.2	Macro factors	98
TABLE 76	AUSTRALIA: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	98
TABLE 77	AUSTRALIA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)	98
TABLE 78	AUSTRALIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 
2015–2019 (MW)	98
TABLE 79	AUSTRALIA: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	98
8.3.4.1.3	By end user	98
TABLE 80	AUSTRALIA: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	98
TABLE 81	AUSTRALIA: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	99
8.3.4.2	Japan	99
8.3.4.2.1	Increase in demand for alkaline electrolyzers to conduct water electrolysis favoring the market growth	99
8.3.4.2.2	Macro factors	99
TABLE 82	JAPAN: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	99
TABLE 83	JAPAN: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD 
CUBIC FEET PER DAY)	99
TABLE 84	JAPAN: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	100
TABLE 85	JAPAN: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)	100
8.3.4.2.3	By end user	100
TABLE 86	JAPAN: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	100
TABLE 87	JAPAN: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	100
8.3.4.3	New Zealand	101
8.3.4.3.1	Increasing adoption of electric vehicles leads to renewable energy deployment at a larger scale, which brings opportunities for the country’s green ammonia market	101
8.3.4.3.2	Macro factors	101
TABLE 88	NEW ZEALAND: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	101
TABLE 89	NEW ZEALAND: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)	101
TABLE 90	NEW ZEALAND: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 
2015–2019 (MW)	101
TABLE 91	NEW ZEALAND: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	101
8.3.4.3.3	By end user	102
TABLE 92	NEW ZEALAND: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	102
TABLE 93	NEW ZEALAND: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	102
8.3.4.4	India	102
8.3.4.4.1	Government of India aims to increase the share of renewables, which, in turn, will drive the market	102
8.3.4.4.2	Macro factors	103
TABLE 94	INDIA: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	103
TABLE 95	INDIA: HYDROGEN GENERATION, 2013–2017 
(MILLION STANDARD CUBIC FEET PER DAY)	103
TABLE 96	INDIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	103
TABLE 97	INDIA: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)	103
8.3.4.4.3	By end user	103
TABLE 98	INDIA: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	103
TABLE 99	INDIA: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	104
8.3.4.5	South Korea	104
8.3.4.5.1	The country’s ambitious public-private green ammonia alliance to drive the market	104
8.3.4.5.2	By end user	104
TABLE 100	SOUTH KOREA: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	104
TABLE 101	SOUTH KOREA: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	104
8.3.4.6	Rest of Asia Pacific	105
8.3.4.6.1	By end user	105
TABLE 102	REST OF ASIA PACIFIC: GREEN AMMONIA MARKET SIZE, BY END USER, 2018–2020 (USD THOUSAND)	105
TABLE 103	REST OF ASIA PACIFIC: GREEN AMMONIA MARKET SIZE, BY END USER, 2021–2030 (USD THOUSAND)	105
8.4	NORTH AMERICA	105
8.4.1	MACRO FACTORS	106
8.4.1.1	Ammonia production	106
TABLE 104	NORTH AMERICA: AMMONIA PRODUCTION, BY COUNTRY, 
2015–2019 (THOUSAND TON)	106
8.4.1.2	Hydrogen generation	106
TABLE 105	NORTH AMERICA: HYDROGEN GENERATION, BY COUNTRY, 
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)	106
8.4.1.3	Installed renewable capacity	106
TABLE 106	NORTH AMERICA: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 
2015–2019 (MW)	106
8.4.1.4	Greenhouse gas emissions	106
TABLE 107	NORTH AMERICA: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 
2013–2017 (MILLION TONS OF CO2)	106
8.4.2	BY TECHNOLOGY	107
TABLE 108	NORTH AMERICA: GREEN AMMONIA MARKET SIZE, BY TECHNOLOGY, 
2018–2020 (USD THOUSAND)	107
TABLE 109	NORTH AMERICA: GREEN AMMONIA MARKET SIZE, BY TECHNOLOGY, 
2021–2030 (USD THOUSAND)	107
8.4.3	BY END USER	107
TABLE 110	NORTH AMERICA: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	107
TABLE 111	NORTH AMERICA: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	108
8.4.4	BY COUNTRY	108
TABLE 112	NORTH AMERICA: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2018–2020 (USD THOUSAND)	108
TABLE 113	NORTH AMERICA: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2021–2030 (USD THOUSAND)	108
TABLE 114	NORTH AMERICA: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2018–2020 (KILOTON)	108
TABLE 115	NORTH AMERICA: GREEN AMMONIA MARKET SIZE, BY COUNTRY, 
2021–2030 (KILOTON)	109
8.4.4.1	US	109
8.4.4.1.1	Increasing government support and developing hydrogen infrastructure fueling green ammonia market growth	109
8.4.4.1.2	Macro factors	109
TABLE 116	US: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	109
TABLE 117	US: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD 
CUBIC FEET PER DAY)	109
TABLE 118	US: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	110
TABLE 119	US: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)	110
8.4.4.1.3	By end user	110
TABLE 120	US: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	110
TABLE 121	US: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	110
8.4.4.2	Canada	111
8.4.4.2.1	Increasing fuel cell power generation boosting demand for green hydrogen in the country	111
8.4.4.2.2	Macro factors	111
TABLE 122	CANADA: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	111
TABLE 123	CANADA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD 
CUBIC FEET PER DAY)	111
TABLE 124	CANADA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	111
TABLE 125	CANADA: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	112
8.4.4.2.3	By end user	112
TABLE 126	CANADA: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	112
TABLE 127	CANADA: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	112
8.4.4.3	Mexico	112
8.4.4.3.1	Large-scale refining operations to drive the demand 
for green ammonia	112
8.4.4.3.2	Macro factors	113
TABLE 128	MEXICO: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	113
TABLE 129	MEXICO: HYDROGEN GENERATION, 
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)	113
TABLE 130	MEXICO: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	113
TABLE 131	MEXICO: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	113
8.4.4.3.3	By end user	113
TABLE 132	MEXICO: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	113
TABLE 133	MEXICO: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	114
8.5	REST OF THE WORLD	114
8.5.1	MACRO FACTORS	114
8.5.1.1	Ammonia production	114
TABLE 134	REST OF THE WORLD: AMMONIA PRODUCTION, BY COUNTRY, 
2015–2019 (THOUSAND TON)	114
8.5.1.2	Hydrogen generation	115
TABLE 135	REST OF THE WORLD: HYDROGEN GENERATION, BY COUNTRY, 
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)	115
8.5.1.3	Installed renewable capacity	115
TABLE 136	REST OF THE WORLD: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 2015–2019 (MW)	115
8.5.1.4	Greenhouse gas emissions	115
TABLE 137	REST OF THE WORLD: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 
2013–2017 (MILLION TONS OF CO2)	115
8.5.2	BY TECHNOLOGY	116
TABLE 138	REST OF THE WORLD: GREEN AMMONIA MARKET SIZE, BY TECHNOLOGY, 2018–2020 (USD THOUSAND)	116
TABLE 139	REST OF THE WORLD: GREEN AMMONIA MARKET SIZE, BY TECHNOLOGY, 2021–2030 (USD THOUSAND)	116
8.5.3	BY END USER	116
TABLE 140	REST OF THE WORLD: GREEN AMMONIA MARKET SIZE, BY END USER, 
2018–2020 (USD THOUSAND)	116
TABLE 141	REST OF THE WORLD: GREEN AMMONIA MARKET SIZE, BY END USER, 
2021–2030 (USD THOUSAND)	117
8.5.4	BY COUNTRY	117
8.5.4.1	China	117
8.5.4.1.1	The increasing focus on hydrogen-based trucks and buses and fuel cell development has driven the market	117
FIGURE 21	FUEL CELL ELECTRIC VEHICLE TARGETS FOR CHINA, 2018-2030	117
8.5.4.1.2	Macro factors	118
TABLE 142	CHINA: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	118
TABLE 143	CHINA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD 
CUBIC FEET PER DAY)	118
TABLE 144	CHINA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	118
TABLE 145	CHINA: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	118
8.5.4.2	Russia	119
8.5.4.2.1	Russia’s increase in the share of renewables will 
drive the market	119
FIGURE 22	SHARE OF MAJOR RUSSIAN AMMONIA PRODUCERS, 2019	119
8.5.4.2.2	Macro factors	119
TABLE 146	RUSSIA: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	119
TABLE 147	RUSSIA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD 
CUBIC FEET PER DAY)	119
TABLE 148	RUSSIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	120
TABLE 149	RUSSIA: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	120
8.5.4.3	France	120
8.5.4.3.1	France is assessing the use of green ammonia-powered 
fuel cells for ship fuel	120
8.5.4.3.2	Macro factors	120
TABLE 150	FRANCE: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	120
TABLE 151	FRANCE: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD 
CUBIC FEET PER DAY)	121
TABLE 152	FRANCE: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	121
TABLE 153	FRANCE: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	121
8.5.4.4	Austria	121
8.5.4.4.1	Austria’s vast reserves of renewable energy resources 
will drive the market	121
8.5.4.4.2	Macro factors	122
TABLE 154	AUSTRIA: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TON)	122
TABLE 155	AUSTRIA: HYDROGEN GENERATION, 
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY)	122
TABLE 156	AUSTRIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	122
TABLE 157	AUSTRIA: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS 
OF CO2)	122
8.5.4.5	Chile	123
8.5.4.5.1	Developments in the energy sector are expected to drive the green ammonia market	123
8.5.4.5.2	Macro factors	123
TABLE 158	CHILE: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW)	123
TABLE 159	CHILE: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2)	123
8.5.4.6	Morocco	124
8.5.4.6.1	Morocco has been investing in the research and development of clean energy solutions	124
8.5.4.6.2	Macro factors	124
TABLE 160	MOROCCO: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 
2015–2019 (MW)	124
TABLE 161	MOROCCO: GREENHOUSE GAS EMISSIONS, 
2013–2017 (MILLION TONS OF CO2)	124
 
9	COMPETITIVE LANDSCAPE	125
9.1	KEY PLAYERS’ STRATEGIES	125
TABLE 162	OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS, 2018–2021	125
9.2	MARKET EVALUATION FRAMEWORK	126
FIGURE 23	GREEN AMMONIA MARKET EVALUATION FRAMEWORK FOR ALL 
PLAYERS, 2018–2021	127
9.3	MARKET SHARE ANALYSIS	127
FIGURE 24	ACTIVE PLAYERS IN THE GREEN AMMONIA MARKET, 2020	128
9.4	SIEMENS ENERGY	128
9.4.1	MAN ENERGY SOLUTIONS	128
9.4.2	NEL HYDROGEN	128
9.4.3	THYSSENKRUPP AG	129
9.4.4	YARA INTERNATIONAL	129
9.4.5	HALDOR TOPSOE	129
TABLE 163	GREEN AMMONIA MARKET: TECHNOLOGY FOOTPRINT	130
TABLE 164	GREEN AMMONIA MARKET: REGION FOOTPRINT	131
9.5	COMPANY EVALUATION QUADRANT	132
9.5.1	STAR	132
9.5.2	PERVASIVE	132
9.5.3	EMERGING LEADER	132
9.5.4	PARTICIPANT	132
FIGURE 25	GREEN AMMONIA MARKET (GLOBAL) COMPETITIVE LEADERSHIP 
MAPPING, 2020	133
9.6	COMPETITIVE LEADERSHIP MAPPING OF SMES, 2020	133
9.6.1	PROGRESSIVE COMPANIES	133
9.6.2	RESPONSIVE COMPANIES	134
9.6.3	STARTING BLOCKS	134
9.6.4	DYNAMIC COMPANIES	134
FIGURE 26	OTHER ADDITIONAL PLAYERS/SMES EVALUATION MATRIX FOR 
GREEN AMMONIA MARKET	134
9.7	COMPETITIVE SCENARIO	135
TABLE 165	GREEN AMMONIA MARKET: PRODUCT LAUNCHES, 2018–2021	135
TABLE 166	GREEN AMMONIA MARKET: DEALS, 2018 –2021	136
TABLE 167	GREEN AMMONIA MARKET: OTHER DEVELOPMENTS, 2018- 2021	145
10	COMPANY PROFILES	146
(Business Overview, Products/solutions/services offered, Recent Developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats)*
10.1	TECHNOLOGY PROVIDERS	146
10.1.1	SIEMENS ENERGY	146
TABLE 168	SIEMENS ENERGY: COMPANY OVERVIEW	146
FIGURE 27	SIEMENS: COMPANY SNAPSHOT	147
TABLE 169	SIEMENS ENERGY: SOLUTION OFFERINGS	147
TABLE 170	SIEMENS ENERGY: DEALS	148
TABLE 171	SIEMENS ENERGY: OTHERS	148
10.1.2	MAN ENERGY SOLUTIONS	150
TABLE 172	MAN ENERGY SOLUTIONS: COMPANY OVERVIEW	150
TABLE 173	MAN ENERGY SOLUTIONS: SOLUTION OFFERINGS	150
TABLE 174	MAN ENERGY SOLUTIONS: PRODUCT LAUNCHES	151
TABLE 175	MAN ENERGY SOLUTIONS: DEALS	151
10.1.3	NEL HYDROGEN	153
TABLE 176	NEL HYDROGEN: COMPANY OVERVIEW	153
FIGURE 28	NEL HYDROGEN: COMPANY SNAPSHOT	154
TABLE 177	NEL HYDROGEN: SOLUTION OFFERINGS	154
TABLE 178	NEL HYDROGEN: DEALS	155
10.1.4	THYSSENKRUPP AG	158
TABLE 179	THYSSENKRUPP AG: COMPANY OVERVIEW	158
FIGURE 29	THYSSENKRUPP AG: COMPANY SNAPSHOT	159
TABLE 180	THYSSENKRUPP AG: PRODUCT LAUNCHES	160
TABLE 181	THYSSENKRUPP AG: DEALS	160
10.1.5	ITM POWER	162
TABLE 182	ITM POWER: COMPANY OVERVIEW	162
FIGURE 30	ITM POWER: COMPANY SNAPSHOT	163
TABLE 183	ITM POWER: DEALS	164
10.1.6	GREEN HYDROGEN SYSTEMS	166
TABLE 184	GREEN HYDROGEN SYSTEMS: COMPANY OVERVIEW	166
TABLE 185	GREEN HYDROGEN SYSTEMS: SOLUTION OFFERINGS	166
TABLE 186	GREEN HYDROGEN SYSTEMS: DEAL	167
10.1.7	MCPHY ENERGY	168
TABLE 187	MCPHY ENERGY: COMPANY OVERVIEW	168
FIGURE 31	MCPHY ENERGY: COMPANY SNAPSHOT	168
TABLE 188	MCPHY ENERGY: PRODUCT LAUNCHES	169
TABLE 189	MCPHY ENERGY: DEALS	169
10.1.8	ELECTROCHAEA	171
TABLE 190	ELECTROCHAEA: COMPANY OVERVIEW	171
10.1.9	HYDROGENICS	172
TABLE 191	HYDROGENICS: COMPANY OVERVIEW	172
TABLE 192	HYDROGENICS: PRODUCT LAUNCHES	173
10.1.10	AQUAHYDREX	174
TABLE 193	AQUAHYDREX: COMPANY OVERVIEW	174
TABLE 194	AQUAHYDREX: DEALS	174
10.1.11	EXYTRON	175
TABLE 195	EXYTRON: COMPANY OVERVIEW	175
10.1.12	UNIPER	176
TABLE 196	UNIPER: COMPANY OVERVIEW	176
FIGURE 32	UNIPER: COMPANY SNAPSHOT	177
TABLE 197	UNIPER: DEALS	178
10.1.13	ENAPTER	179
TABLE 198	ENAPTER: COMPANY OVERVIEW	179
10.1.14	STARFIRE ENERGY	180
TABLE 199	STARFIRE ENERGY: COMPANY OVERVIEW	180
10.1.15	ENGIE	181
TABLE 200	ENGIE: COMPANY OVERVIEW	181
FIGURE 33	ENGIE: COMPANY SNAPSHOT	181
TABLE 201	ENGIE: DEALS	182
TABLE 202	ENGIE: OTHERS	183
10.2	CHEMICAL PROVIDERS	184
10.2.1	YARA INTERNATIONAL	184
TABLE 203	YARA INTERNATIONAL: COMPANY OVERVIEW	184
FIGURE 34	YARA INTERNATIONAL: COMPANY SNAPSHOT	185
TABLE 204	YARA INTERNATIONAL: PRODUCT LAUNCHES	186
TABLE 205	YARA INTERNATIONAL: DEALS	186
TABLE 206	YARA INTERNATIONAL: OTHERS	186
10.2.2	BASF SE	187
TABLE 207	BASF SE: COMPANY OVERVIEW	187
FIGURE 35	BASF SE: COMPANY SNAPSHOT	188
TABLE 208	BASF SE : DEALS	189
10.2.3	QUEENSLAND NITRATES	190
TABLE 209	QUEENSLAND NITRATES PTY LTD: COMPANY OVERVIEW	190
TABLE 210	QUEENSLAND NITRATES PTY LTD: DEALS	190
10.3	AMMONIA PLANT EPC COMPANIES	191
10.3.1	HALDOR TOPSOE	191
TABLE 211	HALDOR TOPSOE: COMPANY OVERVIEW	191
TABLE 212	HALDOR TOPSOE: PRODUCT LAUNCHES	192
TABLE 213	HALDOR TOPSOE: OTHERS	192
10.3.2	HIRINGA ENERGY	193
TABLE 214	HIRINGA ENERGY: COMPANY OVERVIEW	193
TABLE 215	HIRINGA ENERGY: DEALS	194
*Details on Business Overview, Products/solutions/services offered, Recent Developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats might not be captured in case of unlisted companies.
 
11	APPENDIX	195
11.1	DISCUSSION GUIDE	195
11.2	KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL	198
11.3	AVAILABLE CUSTOMIZATIONS	200
11.4	RELATED REPORTS	200
11.5	AUTHOR DETAILS	201
			        MarketsandMarkets