Allied Market Research
Loading...
0

Renewable Energy Certificate Market Expected to Reach $103.2 Billion by 2030

 

Report Code : A01924

quote Rapidly expanding renewable power generation market share, surge in the demand for energy from renewable energy resources to offset the GHG emissions for the major manufacturer across the globe; and embracing the future demands for power across the globe led to the investments of government and private organizations to develop renewable power generation such as rooftop solar panels, and renewable gas powered plants are expected to create potential opportunities for the renewable energy certificates market during the forecast period. quote

Eswara Prasad
Manager, Energy and Power at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, "Renewable Energy Certificate Market by Type, by Power Capacity and End Use: Global Opportunity Analysis and Industry Forecast, 2020-2030," the global renewable energy certificate market size was valued at $9.3 billion in 2020, and is projected to reach $103.2 billion by 2030, with global renewable energy certificate market forecast expected at a CAGR of 27.2% from 2021 to 2030.

The increase in demand for power from renewable energy resources led to the high demand for renewable energy certificate market. The presence of developing countries such as India and China are under rapid development renewable energy infrastructure is also a factor driving the growth of the market.  As of 2021, India had 96.96 GW of renewable energy capacity and represents 25.2% of the overall installed power capacity which provides great opportunity for the expansion of renewable energy certificates. The rapid development in communication and internet technology led to the development of green energy centres which can be used to track the total production and consumption of green attribute energy resources. The above mentioned rapid development and application of IoT in this market will provide ample of opportunities for the development of renewable energy certificate market. The increase in GHG emission and global warming across the world and rapid development in the conversion efficiency of the renewable energy are the major driving factors for the growth of the market.

Renewable energy certificates are used for the marketing of the power from renewable energy resources. The incompleteness of the regulations and not completely formed organisation on the basis of this market is also one of the reasons restraining the growth of the market. The lack of awareness among the developing countries regarding the renewable energy certificates especially in India, and others hamper the growth of the renewable energy certificate market. 

The increase in the demand for power from renewable energy across the world led to the demand for renewable energy certificate market. The rapid development in the green data centres and completeness in the regulation is a major reason for the development of the market. The rapid innovation in communication and internet in the modern society provide ample opportunities for the growth of the renewable energy certificate market during the forecast period.

The renewable energy certificate market is segmented on the basis of type of energy, capacity, end use, and region.

On the basis of energy type, the global renewable energy certificate market is segmented into solar energy, wind power, hydro-electric power, and gas power. On the basis of capacity it is introduced as 0-1,000KWH, 1,100-5,000KWH, and more than 5,000KWH. The end use introduced in the study includes voluntary and compliance.

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, followed by Asia Pacific and Europe.

The major companies profiled in renewable energy certificate industry are Central Electricity Regulatory Commission, Green-e Energy, Environmental Tracking Network of North America, Western Area Power Administration, General Services Administration, U.S. Environment Protection Agency and Defense Logistics Agency Energy. Due to rapidly increasing demand in the demand for energy from the renewable energy resources led the key manufacturers expand their power generation capacities in order to meet market demand across the globe. Additional growth strategies such as acquisition, and business expansion strategies, are also adopted to attain key developments in the renewable energy certificate market trends.

Impact Of Covid-19 On The Global Renewable Energy Certificates Market

  • Emergence of COVID-19 had a negative impact on the growth of the global renewable energy certificate market during this period.
  • This impact is mostly attributed to the significant disruptions in the raw material transportation, presence of low-labor, led to shutdown of many manufacturing industries led to decline of demand for renewable energy certificate during this period.
  • The decrease in demand for many non-essential products and shut down of electrical, automotive, and other energy related industries has created a negative impact on the development of renewable energy certificate market
  • The increasing demand power generated for environment friendly resources and increase in awareness among the people regarding the advantages of the power generated from these resources will provide good opportunities for renewable energy certificate market.
  • Thus, the abovementioned factors are expected to boost the global renewable energy certificate market growth in this forecast period.

Key findings of the study

  • Region wise, the North America is projected to witness growth at the highest CAGR in terms of revenue, during the forecast period.
  • As per renewable energy certificate market analysis, by energy type, the solar energy segment accounted for the largest share in 2020.
  • On the basis of capacity, the 0-1,000KWH segment was the major share contributor in 2020.
  • On the basis of end use, the compliance market segment was the major share contributor in 2020.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Tushar Nagose
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Renewable energy certificate Market by Energy Type (Solar energy, Wind Power, Hydroelectric power, and Gas power), capacity (0-1,000KWH, 1,100-5,000KWH, and more than 5,000KWH), and End use (Voluntary, and Compliance): Global Opportunity Analysis and Industry Forecast, 2021–2030 quote

View Report
 
 
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 4,226 niche industries and company profiles on more than 12,953 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Jan 2021

Surgical Equipment Market

Download Sample
rep-img

Published Date Nov 2020

Medical Implant Market

Download Sample
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Renewable Energy Certificate Market"
Purchase Enquiry