New York, United States , April 10, 2024 (GLOBE NEWSWIRE) — The Global Green Ammonia Market 
On the basis of technology, the global green ammonia market is segmented into alkaline water electrolysis, proton exchange membrane, and solid oxide electrolysis. Among these, the proton exchange membrane segment is dominating the market with the largest revenue share over the anticipation timeframe. Government incentives for clean, green energy production, as well as increased research and development on fuel cell technologies, can boost product demand even further. Proton exchange membrane technology helps producers convert the chemical compound into green ammonia by efficiently decarbonizing it in response to consumer pressure for manufacturers to use more environmentally friendly production methods.On the basis of the end user, the global green ammonia market is segmented into power generation, transportation, and fertilizer. Among these, the transportation segment is witnessing significant growth over the anticipation timeframe. Problems like environmental preservation and carbon emissions, which are becoming more and more urgent, are gaining attention worldwide. The product’s rising popularity in the transportation industry can be attributed to these problems. The product is feasible because it requires less storage volume than other fuels and is liquid at room temperature.Europe is dominating the market with the largest market share over the anticipation timeframe. Germany held the largest market share in the European green ammonia market, while Spain’s market experienced the fastest growth. Due to the growing demand for fuel cell vehicles, the European market is seeing an increase in the production of green fuel and green electricity for small-scale applications in rural areas.This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Green Ammonia Market based on the below-mentioned segments:
(GlobeNewsWire)