Green Ammonia is a poisonous gas produced by combining water electrolysis with nitrogen extracted from the air. Its production is where the process of manufacturing ammonia is 100% renewable and carbon-free in its manufacture. According to BlueQuark Research & Consulting, the global Green Ammonia market is expected to witness a significant growth rate during the forecasted period. Factors like the increasing use of Green Ammonia in the fertilizer industry aim to cut carbon dioxide emissions from ammonia plants, which used to stand-alone among fertilizer producers, is expected to drive the global market. Further, in power generation, Green ammonia is made by generating energy from solar, wind, or electricity, which is then fed into an electrolyzer to separate hydrogen from water and is projected to drive the global market. Furthermore, Green ammonia is one of the low-GWP natural refrigerants critical to global efforts to reduce refrigeration's environmental impact driving the global market. However, the fumes of green ammonia are reactive and toxic, creating ammonia poisoning that can burn and harm the respiratory system if inhaled. Swallowing liquid ammonia can produce digestive tract burns and damage, and damage to exposed skin is projected to hinder the development of new materials.

Green Ammonia binds air-borne nitrogen and makes the essential crop nutrient, nitrogen, available for fertilizer production. It is burned to produce electricity with only air and water as emissions, and it is employed as a storage medium for renewable energy. It is widely used as a refrigerant and reducing agent.

The Fertilizer Industry is the primary and vital consumer of Green Ammonia and is estimated to drive global demand. If a substantial amount of ammonia is released, the vapor will most likely burn the leaves of surrounding vegetation downstream. Green ammonia will suck water from the leaves, but not the roots, so damaged plants will most likely recover completely, though affected crops may lose production, driving the Global Green Ammonia market. Ammonia production is a carbon-intensive process on a global scale, with 98% of ammonia plants using fossil fuels as feedstock, predominantly natural gas (72%) and coal (22%). Ammonia is produced in 32 factories in 17 states and transported by pipeline, rail, barge, and truck. Since 2015, US ammonia production has risen 46%, from 11.6 million metric tonnes per year (mt/y) in 2015 to 17.0 million mt/y in 2020. As domestic supply has outpaced demand, the United States' dependency on imported ammonia has declined from 40% in 2010 to 13% in 2020. Green ammonia serves a variety of roles on the farm, in addition to being a nitrogen fertilizer. It has been used to reduce mold formation in high-moisture grains, driving the global market. Thus, the above factors have made the Fertilizer Industry a vital growth segment for the Global market of Green Ammonia. 

The Asia-Pacific is expected to be the leader in producing and consuming Green Ammonia, with most consumption in countries like China and India. The demand for fertilizers increases due to the rising population. Fertilization boosts plant size and protects plants from growing deformed leaves and buds by improving plant nutrition, promoting plant development, improving crop quality, and eventually maintaining soil fertility, thus driving the global Green Ammonia market. In power generation, Green ammonia is stored in a tank and transformed into electricity as needed, either through traditional combustion or by splitting it into nitrogen and hydrogen. Hydrogen is used to power devices like electric vehicles driving the global Green Ammonia market in hydrogen fuel cells. As a refrigerant, the evaporation of a liquid necessitates the use of heat energy. Green ammonia absorbs a lot of heat as it vaporizes without changing its temperature, driving the global market. When passed over heated metal oxides, green ammonia acts as a reducing agent, reducing the metal oxides to metal, driving the global Green Ammonia market. The mentioned factors have made Asia-Pacific an essential region for growth in the Green Ammonia Market.

Some of the market's key players are Siemens Energy AG, EuroChem Group AG, ThyssenKrupp AG, Haldor Topsoe, Stamicarbon, among others.

In April 2022, a commercial agreement was signed between Yara International and Azane Fuel Solutions to build a carbon-free ammonia fuel bunker network throughout Scandinavia. Azane Fuel Solutions will design and build the ammonia bunker terminals, delivered to Yara. The multinational fertilizer firm Yara will exploit its position as one of the world's top ammonia manufacturers to offer green ammonia to the shipping sector. 

In March 2021, Nel ASA signed an agreement with Haldor Topsoe to provide customers with end-to-end green ammonia and methanol solutions based on the two companies' globally-leading technologies. 

The Global Green AmmoniaMarket report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Green Ammonia market by segmenting based on the By Technology (Proton Exchange Membrane (PEM), Solid Oxide Electrolysis (SOE), Alkaline Water Electrolysis (AWE), Others), By Application (Fertilizer, Power Generation, Refrigerant, Reducing Agent, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.