Australia presents a promising landscape for ammonia fuelled ships, underpinned by its abundance of renewable energy and positioning as a future exporter of green ammonia. A strong driver is the country’s strategic pivot towards clean energy exports and carbon-neutral shipping. Port authorities and maritime logistics providers are exploring decarbonization pathways, which increasingly include ammonia propulsion. However, the current regulatory vacuum around ammonia handling and a lack of pilot-scale implementation restrain short-term progress. Yet, Australia’s mining and bulk cargo shipping sectors present significant opportunities for early adoption, particularly for short-sea routes and coastal logistics. Trends suggest an increasing interest in integrating ammonia bunkering infrastructure with green hydrogen projects in states like Western Australia and Queensland. Collaborations with Asian maritime nations further strengthen the case for regional ammonia shipping corridors. With favorable geography, policy focus, and energy assets, the Australian ammonia fuelled ships market is projected to grow at a CAGR of approximately 17.8% from 2025 to 2035.
TABLE - Australia Ammonia Fuelled Ships Market Size & Forecast By Ship Type 2021-2033
Ship Type | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | CAGR (2024-2033) |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cargo Ships | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Tankers | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Container Ships | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Others | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Total | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX |
Source: Company Publications, Primary Interviews, and SR Analysis
TABLE - Australia Ammonia Fuelled Ships Market Size & Forecast By Propulsion Type 2021-2033
Propulsion Type | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | CAGR (2024-2033) |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Internal Combustion Engines | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Fuel Cells | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Hybrid Systems | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Total | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX |
Source: Company Publications, Primary Interviews, and SR Analysis