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Global Renewable Energy Certificate Market Size Study & Forecast, By Energy Type (Solar Energy, Hydroelectric Power Energy, Wind Power Energy, And Gas Power Energy) By Capacity (0-1,000 KWH, 1,100-5,000 KWH, and More Than 5,000 KWH), By End-Use (Voluntary and Compliance) And Regional Analysis, 2023-2030

April 2024 | 200 pages | ID: G8D9552C0000EN
Bizwit Research & Consulting LLP

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Global Renewable Energy Certificate Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. The Renewable Energy Certificate (REC) market involves the trade of certificates representing the generation of a certain amount of renewable energy, typically one megawatt-hour (MWh). These certificates are separate from the actual electricity generated and serve as proof that renewable energy was produced and added to the grid. The main driver behind the REC market is the increasing global focus on sustainability and reducing carbon emissions. Governments, businesses, and consumers are increasingly adopting renewable energy sources to meet environmental targets, comply with regulations, and reduce their carbon footprints. This heightened demand for renewable energy has fueled the growth of REC markets, incentivizing renewable energy generation and investment in clean energy infrastructure.

The global electricity demand is soaring due to factors such as population growth, industrial expansion, and technological advancements. In response, governments worldwide are implementing policies and initiatives to promote the adoption of renewable energy sources. For example, in July 2022, the Indian government launched significant measures to boost renewable energy adoption domestically. These include the creation of ultra-mega renewable energy parks and offering developed land and transmission infrastructure to renewable energy developers. Additionally, skill development programs have been initiated to cultivate a proficient workforce capable of implementing, operating, and maintaining renewable energy projects. The establishment of a project development cell aims to attract and facilitate investments in the sector, further supported by allowing up to 100 percent Foreign Direct Investment (FDI) under the automatic route. These initiatives underscore the government's dedication to accelerating renewable energy adoption in India by providing essential infrastructure, skill enhancement opportunities, investment facilitation, and supportive policies, aligning with sustainable energy objectives.

The key regions considered for the Global Renewable Energy Certificate Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America (NA) holds a leading position in the global Renewable Energy Certificate (REC) market due to well-established renewable energy policies, robust regulatory frameworks, and strong market maturity. The region benefits from a high level of awareness regarding environmental sustainability, driving significant demand for renewable energy and RECs. Furthermore, established REC trading platforms, along with the presence of key market players and technological advancements in renewable energy, contribute to North America’s dominant market position. On the other hand, the Asia-Pacific (APAC) region emerges as the fastest-growing region in the global REC market, propelled by rapid economic development, increasing energy demand, and supportive government initiatives promoting renewable energy adoption. APAC countries such as China, India, Japan, and Australia are witnessing substantial investments in renewable energy projects, leading to a surge in REC issuance and trading activities. The region’s vast renewable energy potential, coupled with growing investments and favorable policies, positions APAC as a key growth engine for the global REC market in the coming years.

Major market players included in this report are:

Central Electricity Regulatory Commission

Green-e Energy

Environmental Tracking Network of North America

General Services Administration

Western Area Power Administration

U.S. Environment Protection Agency

Defense Logistics Agency Energy

I-REC standard

TUV SUD

Statkraft

Global Renewable Energy Certificate Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Energy Type, Capacity, End-use, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Rest of the World
  • Customization Scope - Free report customization (equivalent to up to 8 analysts’ working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and Energy End-use offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Energy Type:

Solar energy

Hydroelectric power energy

Wind power energy

Gas power energy

By Capacity:

0-1,000 KWH

1,100-5,000 KWH

More than 5,000 KWH

By End use:

Voluntary

Compliance

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Renewable Energy Certificate Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Renewable Energy Certificate Market, by Energy type, 2020-2030 (USD Billion)
  1.2.3. Renewable Energy Certificate Market, by Capacity, 2020-2030 (USD Billion)
  1.2.4. Renewable Energy Certificate Market, by End use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL RENEWABLE ENERGY CERTIFICATE MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL RENEWABLE ENERGY CERTIFICATE MARKET DYNAMICS

3.1. Renewable Energy Certificate Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Favourable government policies
    3.1.1.2. Growing awareness and concerns about climate change
  3.1.2. Market Challenges
    3.1.2.1. Lack of Policy Consistency
    3.1.2.2. Limited infrastructure for renewable energy transmission
  3.1.3. Market Opportunities
    3.1.3.1. Increasing Renewable Energy Targets
    3.1.3.2. Continued advancements in renewable energy technologies

CHAPTER 4. GLOBAL RENEWABLE ENERGY CERTIFICATE MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL RENEWABLE ENERGY CERTIFICATE MARKET, BY ENERGY TYPE

5.1. Market Snapshot
5.2. Global Renewable Energy Certificate Market by Energy type, Performance - Potential Analysis
5.3. Global Renewable Energy Certificate Market Estimates & Forecasts by Energy type 2020-2030 (USD Billion)
5.4. Renewable Energy Certificate Market, Sub Segment Analysis
  5.4.1. Solar energy
  5.4.2. Hydroelectric power energy
  5.4.3. Wind power energy
  5.4.4. Gas power energy

CHAPTER 6. GLOBAL RENEWABLE ENERGY CERTIFICATE MARKET, BY CAPACITY

6.1. Market Snapshot
6.2. Global Renewable Energy Certificate Market by Capacity, Performance - Potential Analysis
6.3. Global Renewable Energy Certificate Market Estimates & Forecasts by Capacity 2020-2030 (USD Billion)
6.4. Renewable Energy Certificate Market, Sub Segment Analysis
  6.4.1. 0-1,000 KWH
  6.4.2. 1,100-5,000 KWH
  6.4.3. More than 5,000 KWH

CHAPTER 7. GLOBAL RENEWABLE ENERGY CERTIFICATE MARKET, BY END USE

7.1. Market Snapshot
7.2. Global Renewable Energy Certificate Market by End use, Performance - Potential Analysis
7.3. Global Renewable Energy Certificate Market Estimates & Forecasts by End use 2020-2030 (USD Billion)
7.4. Renewable Energy Certificate Market, Sub Segment Analysis
  7.4.1. Voluntary
  7.4.2. Compliance

CHAPTER 8. GLOBAL RENEWABLE ENERGY CERTIFICATE MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Renewable Energy Certificate Market, Regional Market Snapshot
8.4. North America Renewable Energy Certificate Market
  8.4.1. U.S. Renewable Energy Certificate Market
    8.4.1.1. Energy type breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Capacity breakdown estimates & forecasts, 2020-2030
    8.4.1.3. End use breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Renewable Energy Certificate Market
8.5. Europe Renewable Energy Certificate Market Snapshot
  8.5.1. U.K. Renewable Energy Certificate Market
  8.5.2. Germany Renewable Energy Certificate Market
  8.5.3. France Renewable Energy Certificate Market
  8.5.4. Spain Renewable Energy Certificate Market
  8.5.5. Italy Renewable Energy Certificate Market
  8.5.6. Rest of Europe Renewable Energy Certificate Market
8.6. Asia-Pacific Renewable Energy Certificate Market Snapshot
  8.6.1. China Renewable Energy Certificate Market
  8.6.2. India Renewable Energy Certificate Market
  8.6.3. Japan Renewable Energy Certificate Market
  8.6.4. Australia Renewable Energy Certificate Market
  8.6.5. South Korea Renewable Energy Certificate Market
  8.6.6. Rest of Asia Pacific Renewable Energy Certificate Market
8.7. Latin America Renewable Energy Certificate Market Snapshot
  8.7.1. Brazil Renewable Energy Certificate Market
  8.7.2. Mexico Renewable Energy Certificate Market
8.8. Rest of The World Renewable Energy Certificate Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Central Electricity Regulatory Commission
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. Green-e Energy
  9.3.3. Environmental Tracking Network of North America
  9.3.4. General Services Administration
  9.3.5. Western Area Power Administration
  9.3.6. U.S. Environment Protection Agency
  9.3.7. Defense Logistics Agency Energy
  9.3.8. I-REC standard
  9.3.9. TUV SUD
  9.3.10. Statkraft

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Renewable Energy Certificate Market, report scope
TABLE 2. Global Renewable Energy Certificate Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Renewable Energy Certificate Market estimates & forecasts by Energy type 2020-2030 (USD Billion)
TABLE 4. Global Renewable Energy Certificate Market estimates & forecasts by Capacity 2020-2030 (USD Billion)
TABLE 5. Global Renewable Energy Certificate Market estimates & forecasts by End use 2020-2030 (USD Billion)
TABLE 6. Global Renewable Energy Certificate Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Renewable Energy Certificate Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Renewable Energy Certificate Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Renewable Energy Certificate Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Renewable Energy Certificate Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Renewable Energy Certificate Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Renewable Energy Certificate Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Renewable Energy Certificate Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Renewable Energy Certificate Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Renewable Energy Certificate Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Renewable Energy Certificate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Renewable Energy Certificate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Renewable Energy Certificate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Renewable Energy Certificate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Renewable Energy Certificate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Renewable Energy Certificate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Renewable Energy Certificate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Renewable Energy Certificate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Renewable Energy Certificate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Renewable Energy Certificate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Renewable Energy Certificate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Renewable Energy Certificate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Renewable Energy Certificate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Renewable Energy Certificate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Renewable Energy Certificate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Renewable Energy Certificate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Renewable Energy Certificate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Row Renewable Energy Certificate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. Row Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. Row Renewable Energy Certificate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Renewable Energy Certificate Market
TABLE 71. List of primary sources, used in the study of global Renewable Energy Certificate Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Renewable Energy Certificate Market, research methodology
FIG 2. Global Renewable Energy Certificate Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Renewable Energy Certificate Market, key trends 2022
FIG 5. Global Renewable Energy Certificate Market, growth prospects 2023-2030
FIG 6. Global Renewable Energy Certificate Market, porters 5 force model
FIG 7. Global Renewable Energy Certificate Market, pest analysis
FIG 8. Global Renewable Energy Certificate Market, value chain analysis
FIG 9. Global Renewable Energy Certificate Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Renewable Energy Certificate Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Renewable Energy Certificate Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Renewable Energy Certificate Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Renewable Energy Certificate Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Renewable Energy Certificate Market, regional snapshot 2020 & 2030
FIG 15. North America Renewable Energy Certificate Market 2020 & 2030 (USD Billion)
FIG 16. Europe Renewable Energy Certificate Market 2020 & 2030 (USD Billion)
FIG 17. Asia Pacific Renewable Energy Certificate Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Renewable Energy Certificate Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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