logo
logo
AI Products 

Renewable Energy Certificates Global Market 2024 - By Trends, Demand, Share, Growth, Forecast To 2033

avatar
varun@tbrc
Renewable Energy Certificates Global Market 2024 - By Trends, Demand, Share, Growth, Forecast To 2033

The renewable energy certificates market size is expected to see exponent growth in the next few years. It will grow to $43.06 billion in 2028 at a compound annual growth rate (CAGR) of 25.2%. The growth in the forecast period can be attributed to the emergence of green hydrogen, shifts in electricity market structures, expansion of renewable energy markets, resilience and climate adaptation investments. Major trends in the forecast period include rise of blockchain technology, integration of renewable energy credits into carbon markets, innovation in REC financing mechanisms, enhanced standardization and certification.


To access more details regarding this report, visit the link:

https://www.thebusinessresearchcompany.com/report/renewable-energy-certificates-global-market-report


Segmentation & Regional Insights

The renewable energy certificates market covered in this report is segmented –

1) By Energy Type: Wind Power, Solar Energy, Gas Power, Hydro-Electric Power

2) By Capacity: 0-1000 KWh, 1000-5000 KWH, Greater Than 5000 KWH

3) By End Use: Compliance, Voluntary


North America was the largest region in the renewable energy certificates market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the renewable energy certificates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.


Intrigued to explore the contents? Secure your hands-on sample copy of the report:

https://www.thebusinessresearchcompany.com/sample_request?id=14470&type=smp


Major Driver Impacting Market Growth

The increasing consumption of renewable energy sources is expected to propel the growth of the renewable energy certificate market going forward. Renewable energy refers to energy sources that are naturally replenished and come from resources that are constantly available, such as sunlight, wind, water, and organic matter. Renewable energy certificates are used for renewable energy sources to facilitate market transactions, ensure compliance with renewable energy targets, and enable environmental claims related to renewable energy usage. For instance, in August 2022, according to reports published by Oilprice.com, a UK-based energy news website, global renewable energy consumption experienced exponential growth, with an average annual increase of 12.6%. Notably, from 2020 to 2021, global renewable energy consumption surged by an impressive 15%. Therefore, the increasing consumption of renewable energy sources is driving the growth of the renewable energy certificate market.


Key Industry Players

Major companies operating in the renewable energy certificates market are NextEra Energy Resources LLC, Statkraft AS, U.S. Environment Protection Agency, EDF Renewables Inc., Western Area Power Administration, Green Mountain Energy Company, Carbon Clear, 3Degrees Group Inc., BloombergNEF, Central Electricity Regulatory Commission, Clean Power Research, Element Markets LLC, Renewable Choice Energy Inc., Community Energy Inc., Innovative Solar Systems, The CarbonNeutral Company, Green-e Energy, General Services Administration, Sterling Planet Inc., Sustainable Energy Advantage LLC, 3 Phases Renewables, NeXtWind Management GmbH, Environmental Tracking Network of North America, Defense Logistics Agency Energy, RECS International


The renewable energy certificates market report table of contents includes:

1. Executive Summary

2. Renewable Energy Certificates Market Characteristics

3. Renewable Energy Certificates Market Trends And Strategies

4. Renewable Energy Certificates Market - Macro Economic Scenario

5. Global Renewable Energy Certificates Market Size and Growth

....................

31. Renewable Energy Certificates Market Other Major And Innovative Companies

32. Global Renewable Energy Certificates Market Competitive Benchmarking

33. Global Renewable Energy Certificates Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Renewable Energy Certificates Market

35. Renewable Energy Certificates Market Future Outlook and Potential Analysis


Explore the trending research reports from TBRC:

https://goodprnews.com/intrusion-deduction-and-prevention-system-global-market-size/

https://goodprnews.com/marine-vessel-energy-efficiency-global-market-size/

https://goodprnews.com/next-generation-network-equipment-global-market-size/

https://topprnews.com/intrusion-deduction-and-prevention-system-global-market-share/

https://topprnews.com/marine-vessel-energy-efficiency-global-market-share/

https://topprnews.com/next-generation-network-equipment-global-market-share/


Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: [email protected]


Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

collect
0
avatar
varun@tbrc
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more