Energy and Power

Renewable Energy Certificate Market Estimated to Generate a Revenue of US$ 100.96 By 2030

The global renewable energy certificate market size is forecasted to reach from US$ 12.72 billion in 2021 to US$ 100.96 Billion by 2030 and is anticipated to grow at compounded annual growth rate (CAGR) of 25.9% from 2021 to 2030, as per reports by market research and consulting organization Precedence Research.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 and 2020, the forecast period considered is from 2021 to 2030.

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The rising demand for the various types of power and the government policies that mandates a company to meet the required targets to use of renewable energy is among the most prominent factors that primarily contribute to the growth of the global renewable energy certificate market.

The increased pollution levels and deteriorating environmental conditions owing to the rapid industrialization and extensive carbon emission has now mandated the use of the green energy across the industries all over the globe. The burgeoning sales of the solar panels, micro hydro-power plants, and micro wind turbines are supplementing the growth of the renewable energy certificate market.The stringent government regulations regarding the use of renewable energy sources is a significant factor that is expected to drive the growth of the global renewable energy certificate market. The rising investments in the development of hydro power plant that produces electricity of around 100 KW using flowing water sources is supplementing the market growth. The rising preference of the green energy is fostering the revenue generation through the trade of the renewable energy certificates across the globe.

Renewable Energy Certificate Market Growth Rate from 2020 to 2030

Growth Rate CAGR (%)
Growth Rate In 2020 24.67 %
Growth Rate In 2023 25.15 %
Growth Rate In 2025 25.63 %
Growth Rate In 2027 26.13 %
Growth Rate In 2030 26.89 %

Competitive Landscape Analysis:

Some of the leading companies operating in the renewable energy certificate market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Major companies operating in this report are

  • Central Electricity Regulatory Commission
  • Green-e Energy
  • Environmental Tracking Network of North America
  • Western Area Power Administration
  • General Services Administration
  • US Environment Protection Agency and Defense Logistics Agency Energy

Report Highlights

  • Based on the energy type, the solar energy segment dominated the global renewable certificate market in 2020. This is attributed to the increased adoption of the solar energy across the globe. Further, the rising government initiatives and government investments to develop solar panels and increase its adoption across the globe has fueled the growth of this segment. The rising investments from the private sector to develop the solar power plants on large scale is expected to further foster the growth of the solar energy renewable energy certificate market across the globe.
  • Based on the capacity, the 5000 KWH segment dominated the global renewable certificate market in 2020.The rapidly growing number of wind and solar farms across the globe owing the rising demand for the renewable energy and rising government and corporate investments is driving the growth of this segment.
  • Based on the end use, the compliance segment dominated the global renewable certificate market in 2020. The increased government initiatives and stringent norms that compels the various sectors to increasingly adopt the renewable energy sources in an attempt to minimize the carbon emission, acts as a major drive of this segment.

Market Dynamics

Driver

The rising demand for the green energy

The extensive usage of the fossil fuel has depleted this energy source. Therefore, the need for sustainable and renewable energy sources has increased in the past few years. Moreover, rising concerns regarding the drowning health of the environment owing to the pollution has necessitated the adoption of the green energy across the globe. Hence, the increased demand for the green energy and development of the renewable energy sources is projected to drive the growth of the global renewable energy certificate market during the forecast period.

Restraints

Lack of awareness in underdeveloped nations

There is a lack of awareness regarding the renewable energy certificate in the underdeveloped countries. Moreover, lack of sufficient funds in the underdeveloped nations is restricting the development of various renewable energy sources like hydro power plants and other source of flowing water. This may hamper the market growth in the upcoming years.

Opportunities

Rising government and private investments in the development of renewable power plants

The rising investments of the government and the private sector to develop and build the various renewable power plants is expected to drive the market growth in the foreseeable future. Moreover, the government initiatives in promoting the renewable energy certificates is offering lucrative growth opportunities.

Challenges

Lack of regulation

Lack of proper regulations in the developing and underdeveloped markets is a major challenge that may potentially restrict the market growth in the future.

Regional Snapshot

North America dominated the global renewable energy certificate market in 2020. This is mainly attributed to the implantation of stricter government regulations regarding the carbon emissions and development of the renewable energy sources across the North America. The increased demand for the renewable or green power in the region has significantly boosted the market growth in the region. The region is characterized by the presence of several technologically advanced companies that has huge energy requirements that fosters the development of the renewable energy sources. The trade of renewable energy certificate in the nations like US and Canada is gaining traction, which is anticipated to further fuel the growth of the renewable energy certificate market during the forecast period.

Europe is expected to be the fastest-growing market during the forecast period, owing to the burgeoning demand for the green energy across different industries. The rising focus and investments in Europe on achieving sustainability and reducing carbon footprint is perfectly supplementing the growth of the renewable certificate market in Europe.

Market Segmentation

By Energy Type

  • Wind Power
  • Solar Energy
  • Gas Power
  • Hydro-electric Power

By End Use

  • Compliance
  • Voluntary

By Capacity

  • 0-1000 KWh
  • 1000-5000 KWH
  • Greater that 5000 KWH

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Why should you invest in this report?

If you are aiming to enter the global renewable energy certificate market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for renewable energy certificate are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Renewable Energy Certificate Market 

5.1. COVID-19 Landscape: Renewable Energy Certificate Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Renewable Energy Certificate Market, By Energy

8.1. Renewable Energy Certificate Market, by Energy Type, 2021-2030

8.1.1. Wind Power

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Solar Energy

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Gas Power

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Hydro-electric Power

8.1.4.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Renewable Energy Certificate Market, By End Use

9.1. Renewable Energy Certificate Market, by End Use, 2021-2030

9.1.1. Compliance

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Voluntary

9.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Renewable Energy Certificate Market, By Capacity 

10.1. Renewable Energy Certificate Market, by Capacity, 2021-2030

10.1.1. 0-1000 KWh

10.1.1.1. Market Revenue and Forecast (2019-2030)

10.1.2. 1000-5000 KWH

10.1.2.1. Market Revenue and Forecast (2019-2030)

10.1.3. Greater that 5000 KWH

10.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Renewable Energy Certificate Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Energy (2019-2030)

11.1.2. Market Revenue and Forecast, by End Use (2019-2030)

11.1.3. Market Revenue and Forecast, by Capacity (2019-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Energy (2019-2030)

11.1.4.2. Market Revenue and Forecast, by End Use (2019-2030)

11.1.4.3. Market Revenue and Forecast, by Capacity (2019-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Energy (2019-2030)

11.1.5.2. Market Revenue and Forecast, by End Use (2019-2030)

11.1.5.3. Market Revenue and Forecast, by Capacity (2019-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Energy (2019-2030)

11.2.2. Market Revenue and Forecast, by End Use (2019-2030)

11.2.3. Market Revenue and Forecast, by Capacity (2019-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Energy (2019-2030)

11.2.4.2. Market Revenue and Forecast, by End Use (2019-2030)

11.2.4.3. Market Revenue and Forecast, by Capacity (2019-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Energy (2019-2030)

11.2.5.2. Market Revenue and Forecast, by End Use (2019-2030)

11.2.5.3. Market Revenue and Forecast, by Capacity (2019-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Energy (2019-2030)

11.2.6.2. Market Revenue and Forecast, by End Use (2019-2030)

11.2.6.3. Market Revenue and Forecast, by Capacity (2019-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Energy (2019-2030)

11.2.7.2. Market Revenue and Forecast, by End Use (2019-2030)

11.2.7.3. Market Revenue and Forecast, by Capacity (2019-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Energy (2019-2030)

11.3.2. Market Revenue and Forecast, by End Use (2019-2030)

11.3.3. Market Revenue and Forecast, by Capacity (2019-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Energy (2019-2030)

11.3.4.2. Market Revenue and Forecast, by End Use (2019-2030)

11.3.4.3. Market Revenue and Forecast, by Capacity (2019-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Energy (2019-2030)

11.3.5.2. Market Revenue and Forecast, by End Use (2019-2030)

11.3.5.3. Market Revenue and Forecast, by Capacity (2019-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Energy (2019-2030)

11.3.6.2. Market Revenue and Forecast, by End Use (2019-2030)

11.3.6.3. Market Revenue and Forecast, by Capacity (2019-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Energy (2019-2030)

11.3.7.2. Market Revenue and Forecast, by End Use (2019-2030)

11.3.7.3. Market Revenue and Forecast, by Capacity (2019-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Energy (2019-2030)

11.4.2. Market Revenue and Forecast, by End Use (2019-2030)

11.4.3. Market Revenue and Forecast, by Capacity (2019-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Energy (2019-2030)

11.4.4.2. Market Revenue and Forecast, by End Use (2019-2030)

11.4.4.3. Market Revenue and Forecast, by Capacity (2019-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Energy (2019-2030)

11.4.5.2. Market Revenue and Forecast, by End Use (2019-2030)

11.4.5.3. Market Revenue and Forecast, by Capacity (2019-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Energy (2019-2030)

11.4.6.2. Market Revenue and Forecast, by End Use (2019-2030)

11.4.6.3. Market Revenue and Forecast, by Capacity (2019-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Energy (2019-2030)

11.4.7.2. Market Revenue and Forecast, by End Use (2019-2030)

11.4.7.3. Market Revenue and Forecast, by Capacity (2019-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Energy (2019-2030)

11.5.2. Market Revenue and Forecast, by End Use (2019-2030)

11.5.3. Market Revenue and Forecast, by Capacity (2019-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Energy (2019-2030)

11.5.4.2. Market Revenue and Forecast, by End Use (2019-2030)

11.5.4.3. Market Revenue and Forecast, by Capacity (2019-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Energy (2019-2030)

11.5.5.2. Market Revenue and Forecast, by End Use (2019-2030)

11.5.5.3. Market Revenue and Forecast, by Capacity (2019-2030)

Chapter 12. Company Profiles

12.1. Central Electricity Regulatory Commission

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Green-e Energy

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Environmental Tracking Network of North America

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Western Area Power Administration

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. General Services Administration

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. US Environment Protection Agency and Defense Logistics Agency Energy

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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