再生可能エネルギー証書市場の2030年までの予測：エネルギータイプ別、容量別、エンドユーザー別、地域別の世界分析

Stratistics MRCによると、世界の再生可能エネルギー証書市場は2023年に170億米ドルを占め、予測期間中にCAGR 25.20％で成長し、2030年には821億米ドルに達すると予測されています。

再生可能エネルギー証書（REC）市場は、再生可能エネルギーの発電を促進し、インセンティブを与えるために設計された金融商品です。RECは、太陽光発電、風力発電、水力発電などの再生可能エネルギー源から発電された電力の1メガワット時の環境特性を表しています。この証書は取引可能な商品であり、企業や電力会社が再生可能エネルギー目標や規制要件を満たすことを可能にします。再生可能エネルギー発電事業者は、クリーンエネルギーの発電量に応じてRECを獲得し、二酸化炭素排出量の相殺や再生可能エネルギー基準の遵守を求める事業者に売却することができます。

市場の透明性と認証

再生可能エネルギー証書（REC）市場における市場の透明性とは、RECの生成、取引、廃棄に関して、市場参入企業が利用できる明確でアクセス可能な情報を指します。この透明性により、買い手と売り手は、市場力学、価格、各証明書に関連する環境属性を包括的に理解することができます。認証は、再生可能エネルギーの真正性と環境上の利点を立証するものであり、極めて重要な推進力です。認証機関は、証書が表すエネルギーが本当に再生可能エネルギー源から生成されたものであることを検証し、市場参入企業間の信頼を高めています。

制約

再生可能エネルギー証書（REC）市場における市場インフラの制約とは、REC取引を促進するシステムにおける制限や非効率性を指します。こうした制約には、不十分な規制の枠組み、煩雑な取引プロセス、標準化された手続きの欠如などがあります。さらに、市場参入企業が不十分であったり、認証基準があいまいであったりすることも、REC市場の成長と有効性の妨げになります。再生可能エネルギー発電にインセンティブを与え、持続可能なエネルギー転換を支援する強固なREC市場を育成するためには、これらの制約を克服することが極めて重要です。

小規模生産者の市場アクセス

再生可能エネルギー証書（REC）市場における小規模生産者の市場アクセスは、クリーンエネルギー発電を収益化する機会を提供します。REC市場に参加することで、小規模生産者は、再生可能エネルギー生産の環境特性を示す証書を販売することができます。これは、これらの生産者に新たな収入源を提供するだけでなく、持続可能なエネルギー源の成長を促進します。REC市場によって、小規模発電事業者は、よりクリーンなエネルギー・ミックスに貢献することができ、同時に、環境に優しい実践に対する経済的な評価を得ることができます。さらに、この市場アクセスは、小規模な再生可能プロジェクトの経済的実行可能性を高め、より包括的で多様な再生可能エネルギーの状況を促進します。

消費者の認識不足

再生可能エネルギー証書（REC）市場における消費者の認識不足の脅威は、RECの存在と利点について消費者に広く知られていないことから生じています。潜在的な購入者の多くは、RECがどのように機能するのか、あるいは再生可能エネルギー促進におけるRECの役割を十分に認識していない可能性があります。消費者が再生可能エネルギープロジェクトを支援するためにRECを購入する価値を積極的に求めたり理解したりしないため、このような認識が市場の成長を妨げているのです。この脅威を軽減するためには、消費者の意識を高め、REC取引に関連する環境へのプラスの影響についてのより広範な理解を促進するための、教育および支援活動が不可欠です。

COVID-19の影響：

COVID-19の流行は、市場にさまざまな影響を与えました。一方では、景気減速によりエネルギー需要が一時的に減少し、RECの発行と取引が減少しました。しかし、この危機によって各国政府は持続可能な復興計画を優先するようになり、再生可能プロジェクトへの投資が促進され、それに伴ってRECの需要も増加しました。市場の回復力は、世界の不確実性の中で各国がよりクリーンな代替エネルギーを求める中、長期的な持続可能性目標における再生可能エネルギーの重要性を強調しています。

予測期間中、太陽光発電エネルギー分野が最大となる見込み

太陽光発電エネルギー分野は、持続可能でクリーンなエネルギー源を重視する世界の高まりにより、市場で力強い成長を遂げています。政府や企業は、再生可能エネルギー目標を達成し、二酸化炭素排出量を削減するため、太陽光発電技術を積極的に採用しています。ソーラーRECに対する需要の高まりは、太陽光発電設備のコスト低下、政府のインセンティブ、環境問題に対する意識の高まりによって後押しされています。さらに、太陽光発電が脚光を浴び続けるにつれて、REC市場への貢献も拡大し、再生可能な状況において信頼性が高く環境に優しいエネルギー源を提供することが期待されています。

予測期間中、自主事業セグメントのCAGRが最も高くなると予想される

市場におけるボランタリーセグメントの成長は、企業の持続可能性への取り組みの増加と、環境に優しい製品に対する消費者の需要に牽引されています。環境面での信用を高めようとする企業は、二酸化炭素排出量を相殺し、再生可能エネルギーへのコミットメントを示すために、RECを積極的に購入しています。このような自主的な参加は、規制上の要件を超えたものであり、持続可能な実践に向けた社会の幅広いシフトを示しています。さらに、企業が環境への責任を優先するにつれ、自主的なセグメントにおけるRECの需要は増加の一途をたどっています。

最大のシェアを占める地域：

北米は、持続可能なエネルギー慣行が重視されるようになったため、市場が大きく成長しています。税額控除や補助金といった政府のインセンティブが、企業や個人に再生可能エネルギープロジェクトへの投資を促しています。技術の進歩、再生可能エネルギー源のコスト削減、有利な規制環境が市場をさらに後押ししています。さらに、この成長は、よりクリーンなエネルギー・ソリューションへの幅広いシフトを反映しており、北米を持続可能な再生可能エネルギーへの世界的移行における主要プレーヤーとして位置づけています。

CAGRが最も高い地域：

アジア太平洋地域は、気候変動に対する意識の高まりと持続可能なエネルギー源への強いコミットメントにより、市場が大幅に成長しています。特に中国とインドは、野心的な再生可能エネルギー目標によってREC市場が大幅に拡大しています。この地域のクリーンエネルギーに対する需要の高まりは、技術の進歩と相まって、多様な再生可能プロジェクトの開発に拍車をかけています。さらに、この市場の繁栄は、この地域がより環境に優しいエネルギー環境に移行するための積極的な姿勢を強調しています。

無料のカスタマイズサービス

本レポートをご購読のお客様には、以下の無料カスタマイズオプションのいずれかをご利用いただけます：

• 企業プロファイル
  • 追加市場プレーヤーの包括的プロファイリング（3社まで）
  • 主要企業のSWOT分析（3社まで）
• 地域セグメンテーション
  • 顧客の関心に応じた主要国の市場推計・予測・CAGR（注：フィージビリティチェックによる）
• 競合ベンチマーキング
  • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

• 概要
• ステークホルダー
• 調査範囲
• 調査手法
  • データマイニング
  • データ分析
  • データ検証
  • 調査アプローチ
• 調査ソース
  • 1次調査ソース
  • 2次調査ソース
  • 前提条件

第3章 市場動向分析

• 促進要因
• 抑制要因
• 機会
• 脅威
• エンドユーザー分析
• 新興市場
• 新型コロナウイルス感染症（COVID-19）の影響

第4章 ポーターのファイブフォース分析

• 供給企業の交渉力
• 買い手の交渉力
• 代替品の脅威
• 新規参入業者の脅威
• 競合企業間の敵対関係

第5章 世界の再生可能エネルギー証書市場：エネルギータイプ別

• ガス発電エネルギー
• 水力発電エネルギー
• 地熱再生可能エネルギー
• 風力エネルギー
• 太陽光発電エネルギー
• 他のエネルギータイプ

第6章 世界の再生可能エネルギー証書市場：容量別

• 0～1,000KWH
• 1,100～5000KWH
• 5000KWH以上
• その他の容量

第7章 世界の再生可能エネルギー証書市場：エンドユーザー別

• 自主的
• コンプライアンス
• その他のエンドユーザー

第8章 世界の再生可能エネルギー証書市場：地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • イタリア
  • フランス
  • スペイン
  • その他欧州
• アジア太平洋地域
  • 日本
  • 中国
  • インド
  • オーストラリア
  • ニュージーランド
  • 韓国
  • その他アジア太平洋地域
• 南米
  • アルゼンチン
  • ブラジル
  • チリ
  • その他南米
• 中東とアフリカ
  • サウジアラビア
  • アラブ首長国連邦
  • カタール
  • 南アフリカ
  • その他中東とアフリカ

第9章 主な発展

• 契約、パートナーシップ、コラボレーション、合弁事業
• 買収と合併
• 新製品の発売
• 事業拡大
• その他の主要戦略

第10章 企業プロファイル

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

List of Tables

• Table 1 Global Renewable Energy Certificate Market Outlook, By Region (2021-2030) ($MN)
• Table 2 Global Renewable Energy Certificate Market Outlook, By Energy Type (2021-2030) ($MN)
• Table 3 Global Renewable Energy Certificate Market Outlook, By Gas Power Energy (2021-2030) ($MN)
• Table 4 Global Renewable Energy Certificate Market Outlook, By Hydroelectric Power Energy (2021-2030) ($MN)
• Table 5 Global Renewable Energy Certificate Market Outlook, By Geothermal Renewable Energy (2021-2030) ($MN)
• Table 6 Global Renewable Energy Certificate Market Outlook, By Wind Power Energy (2021-2030) ($MN)
• Table 7 Global Renewable Energy Certificate Market Outlook, By Solar Power Energy (2021-2030) ($MN)
• Table 8 Global Renewable Energy Certificate Market Outlook, By Other Energy Types (2021-2030) ($MN)
• Table 9 Global Renewable Energy Certificate Market Outlook, By Capacity (2021-2030) ($MN)
• Table 10 Global Renewable Energy Certificate Market Outlook, By 0-1,000 KWH (2021-2030) ($MN)
• Table 11 Global Renewable Energy Certificate Market Outlook, By 1,100-5000 KWH (2021-2030) ($MN)
• Table 12 Global Renewable Energy Certificate Market Outlook, By 5000+ KWH (2021-2030) ($MN)
• Table 13 Global Renewable Energy Certificate Market Outlook, By Other Capacities (2021-2030) ($MN)
• Table 14 Global Renewable Energy Certificate Market Outlook, By End User (2021-2030) ($MN)
• Table 15 Global Renewable Energy Certificate Market Outlook, By Voluntary (2021-2030) ($MN)
• Table 16 Global Renewable Energy Certificate Market Outlook, By Compliance (2021-2030) ($MN)
• Table 17 Global Renewable Energy Certificate Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 18 North America Renewable Energy Certificate Market Outlook, By Country (2021-2030) ($MN)
• Table 19 North America Renewable Energy Certificate Market Outlook, By Energy Type (2021-2030) ($MN)
• Table 20 North America Renewable Energy Certificate Market Outlook, By Gas Power Energy (2021-2030) ($MN)
• Table 21 North America Renewable Energy Certificate Market Outlook, By Hydroelectric Power Energy (2021-2030) ($MN)
• Table 22 North America Renewable Energy Certificate Market Outlook, By Geothermal Renewable Energy (2021-2030) ($MN)
• Table 23 North America Renewable Energy Certificate Market Outlook, By Wind Power Energy (2021-2030) ($MN)
• Table 24 North America Renewable Energy Certificate Market Outlook, By Solar Power Energy (2021-2030) ($MN)
• Table 25 North America Renewable Energy Certificate Market Outlook, By Other Energy Types (2021-2030) ($MN)
• Table 26 North America Renewable Energy Certificate Market Outlook, By Capacity (2021-2030) ($MN)
• Table 27 North America Renewable Energy Certificate Market Outlook, By 0-1,000 KWH (2021-2030) ($MN)
• Table 28 North America Renewable Energy Certificate Market Outlook, By 1,100-5000 KWH (2021-2030) ($MN)
• Table 29 North America Renewable Energy Certificate Market Outlook, By 5000+ KWH (2021-2030) ($MN)
• Table 30 North America Renewable Energy Certificate Market Outlook, By Other Capacities (2021-2030) ($MN)
• Table 31 North America Renewable Energy Certificate Market Outlook, By End User (2021-2030) ($MN)
• Table 32 North America Renewable Energy Certificate Market Outlook, By Voluntary (2021-2030) ($MN)
• Table 33 North America Renewable Energy Certificate Market Outlook, By Compliance (2021-2030) ($MN)
• Table 34 North America Renewable Energy Certificate Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 35 Europe Renewable Energy Certificate Market Outlook, By Country (2021-2030) ($MN)
• Table 36 Europe Renewable Energy Certificate Market Outlook, By Energy Type (2021-2030) ($MN)
• Table 37 Europe Renewable Energy Certificate Market Outlook, By Gas Power Energy (2021-2030) ($MN)
• Table 38 Europe Renewable Energy Certificate Market Outlook, By Hydroelectric Power Energy (2021-2030) ($MN)
• Table 39 Europe Renewable Energy Certificate Market Outlook, By Geothermal Renewable Energy (2021-2030) ($MN)
• Table 40 Europe Renewable Energy Certificate Market Outlook, By Wind Power Energy (2021-2030) ($MN)
• Table 41 Europe Renewable Energy Certificate Market Outlook, By Solar Power Energy (2021-2030) ($MN)
• Table 42 Europe Renewable Energy Certificate Market Outlook, By Other Energy Types (2021-2030) ($MN)
• Table 43 Europe Renewable Energy Certificate Market Outlook, By Capacity (2021-2030) ($MN)
• Table 44 Europe Renewable Energy Certificate Market Outlook, By 0-1,000 KWH (2021-2030) ($MN)
• Table 45 Europe Renewable Energy Certificate Market Outlook, By 1,100-5000 KWH (2021-2030) ($MN)
• Table 46 Europe Renewable Energy Certificate Market Outlook, By 5000+ KWH (2021-2030) ($MN)
• Table 47 Europe Renewable Energy Certificate Market Outlook, By Other Capacities (2021-2030) ($MN)
• Table 48 Europe Renewable Energy Certificate Market Outlook, By End User (2021-2030) ($MN)
• Table 49 Europe Renewable Energy Certificate Market Outlook, By Voluntary (2021-2030) ($MN)
• Table 50 Europe Renewable Energy Certificate Market Outlook, By Compliance (2021-2030) ($MN)
• Table 51 Europe Renewable Energy Certificate Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 52 Asia Pacific Renewable Energy Certificate Market Outlook, By Country (2021-2030) ($MN)
• Table 53 Asia Pacific Renewable Energy Certificate Market Outlook, By Energy Type (2021-2030) ($MN)
• Table 54 Asia Pacific Renewable Energy Certificate Market Outlook, By Gas Power Energy (2021-2030) ($MN)
• Table 55 Asia Pacific Renewable Energy Certificate Market Outlook, By Hydroelectric Power Energy (2021-2030) ($MN)
• Table 56 Asia Pacific Renewable Energy Certificate Market Outlook, By Geothermal Renewable Energy (2021-2030) ($MN)
• Table 57 Asia Pacific Renewable Energy Certificate Market Outlook, By Wind Power Energy (2021-2030) ($MN)
• Table 58 Asia Pacific Renewable Energy Certificate Market Outlook, By Solar Power Energy (2021-2030) ($MN)
• Table 59 Asia Pacific Renewable Energy Certificate Market Outlook, By Other Energy Types (2021-2030) ($MN)
• Table 60 Asia Pacific Renewable Energy Certificate Market Outlook, By Capacity (2021-2030) ($MN)
• Table 61 Asia Pacific Renewable Energy Certificate Market Outlook, By 0-1,000 KWH (2021-2030) ($MN)
• Table 62 Asia Pacific Renewable Energy Certificate Market Outlook, By 1,100-5000 KWH (2021-2030) ($MN)
• Table 63 Asia Pacific Renewable Energy Certificate Market Outlook, By 5000+ KWH (2021-2030) ($MN)
• Table 64 Asia Pacific Renewable Energy Certificate Market Outlook, By Other Capacities (2021-2030) ($MN)
• Table 65 Asia Pacific Renewable Energy Certificate Market Outlook, By End User (2021-2030) ($MN)
• Table 66 Asia Pacific Renewable Energy Certificate Market Outlook, By Voluntary (2021-2030) ($MN)
• Table 67 Asia Pacific Renewable Energy Certificate Market Outlook, By Compliance (2021-2030) ($MN)
• Table 68 Asia Pacific Renewable Energy Certificate Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 69 South America Renewable Energy Certificate Market Outlook, By Country (2021-2030) ($MN)
• Table 70 South America Renewable Energy Certificate Market Outlook, By Energy Type (2021-2030) ($MN)
• Table 71 South America Renewable Energy Certificate Market Outlook, By Gas Power Energy (2021-2030) ($MN)
• Table 72 South America Renewable Energy Certificate Market Outlook, By Hydroelectric Power Energy (2021-2030) ($MN)
• Table 73 South America Renewable Energy Certificate Market Outlook, By Geothermal Renewable Energy (2021-2030) ($MN)
• Table 74 South America Renewable Energy Certificate Market Outlook, By Wind Power Energy (2021-2030) ($MN)
• Table 75 South America Renewable Energy Certificate Market Outlook, By Solar Power Energy (2021-2030) ($MN)
• Table 76 South America Renewable Energy Certificate Market Outlook, By Other Energy Types (2021-2030) ($MN)
• Table 77 South America Renewable Energy Certificate Market Outlook, By Capacity (2021-2030) ($MN)
• Table 78 South America Renewable Energy Certificate Market Outlook, By 0-1,000 KWH (2021-2030) ($MN)
• Table 79 South America Renewable Energy Certificate Market Outlook, By 1,100-5000 KWH (2021-2030) ($MN)
• Table 80 South America Renewable Energy Certificate Market Outlook, By 5000+ KWH (2021-2030) ($MN)
• Table 81 South America Renewable Energy Certificate Market Outlook, By Other Capacities (2021-2030) ($MN)
• Table 82 South America Renewable Energy Certificate Market Outlook, By End User (2021-2030) ($MN)
• Table 83 South America Renewable Energy Certificate Market Outlook, By Voluntary (2021-2030) ($MN)
• Table 84 South America Renewable Energy Certificate Market Outlook, By Compliance (2021-2030) ($MN)
• Table 85 South America Renewable Energy Certificate Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 86 Middle East & Africa Renewable Energy Certificate Market Outlook, By Country (2021-2030) ($MN)
• Table 87 Middle East & Africa Renewable Energy Certificate Market Outlook, By Energy Type (2021-2030) ($MN)
• Table 88 Middle East & Africa Renewable Energy Certificate Market Outlook, By Gas Power Energy (2021-2030) ($MN)
• Table 89 Middle East & Africa Renewable Energy Certificate Market Outlook, By Hydroelectric Power Energy (2021-2030) ($MN)
• Table 90 Middle East & Africa Renewable Energy Certificate Market Outlook, By Geothermal Renewable Energy (2021-2030) ($MN)
• Table 91 Middle East & Africa Renewable Energy Certificate Market Outlook, By Wind Power Energy (2021-2030) ($MN)
• Table 92 Middle East & Africa Renewable Energy Certificate Market Outlook, By Solar Power Energy (2021-2030) ($MN)
• Table 93 Middle East & Africa Renewable Energy Certificate Market Outlook, By Other Energy Types (2021-2030) ($MN)
• Table 94 Middle East & Africa Renewable Energy Certificate Market Outlook, By Capacity (2021-2030) ($MN)
• Table 95 Middle East & Africa Renewable Energy Certificate Market Outlook, By 0-1,000 KWH (2021-2030) ($MN)
• Table 96 Middle East & Africa Renewable Energy Certificate Market Outlook, By 1,100-5000 KWH (2021-2030) ($MN)
• Table 97 Middle East & Africa Renewable Energy Certificate Market Outlook, By 5000+ KWH (2021-2030) ($MN)
• Table 98 Middle East & Africa Renewable Energy Certificate Market Outlook, By Other Capacities (2021-2030) ($MN)
• Table 99 Middle East & Africa Renewable Energy Certificate Market Outlook, By End User (2021-2030) ($MN)
• Table 100 Middle East & Africa Renewable Energy Certificate Market Outlook, By Voluntary (2021-2030) ($MN)
• Table 101 Middle East & Africa Renewable Energy Certificate Market Outlook, By Compliance (2021-2030) ($MN)
• Table 102 Middle East & Africa Renewable Energy Certificate Market Outlook, By Other End Users (2021-2030) ($MN)

According to Stratistics MRC, the Global Renewable Energy Certificate Market is accounted for $17.0 billion in 2023 and is expected to reach $82.1 billion by 2030 growing at a CAGR of 25.20% during the forecast period. The Renewable Energy Certificate (REC) market is a financial instrument designed to promote and incentivize the generation of renewable energy. RECs represent the environmental attributes of one megawatt-hour of electricity generated from renewable sources, such as solar, wind, or hydropower. These certificates are tradable commodities, allowing businesses and utilities to meet renewable energy targets and regulatory requirements. Renewable energy producers earn RECs for each unit of clean energy generated, which can be sold to entities seeking to offset their carbon footprint or comply with renewable energy standards.

Market Dynamics:

Driver:

Market transparency and certification

Market transparency in the renewable energy certificate (REC) market refers to the clear and accessible information available to participants regarding the generation, trading, and retirement of REC's. This transparency ensures that buyers and sellers have a comprehensive understanding of market dynamics, prices, and the environmental attributes associated with each certificate. Certification is a crucial driver, as it establishes the authenticity and environmental benefits of renewable energy. Certifying bodies validate that the energy represented by the certificates is indeed generated from renewable sources, enhancing trust among market participants.

Restraint:

Limitations

Market infrastructure constraints in the renewable energy certificate (REC) market refer to limitations and inefficiencies in the systems that facilitate REC trading. These constraints may include inadequate regulatory frameworks, cumbersome transaction processes, and a lack of standardized procedures. Additionally, insufficient market participants, and ambiguous certification standards can hinder the growth and effectiveness of the REC market. Overcoming these constraints is crucial for fostering a robust REC market that incentivizes renewable energy generation and supports sustainable energy transitions.

Opportunity:

Market access for small-scale producers

Market access for small-scale producers in the renewable energy certificate (REC) market offers them the opportunity to monetize their clean energy generation. By participating in the REC market, small-scale producers can sell certificates representing the environmental attributes of their renewable energy production. This not only provides an additional revenue stream for these producers but also promotes the growth of sustainable energy sources. The REC market enables small-scale players to contribute to a cleaner energy mix while gaining financial recognition for their eco-friendly practices. Furthermore, this market access enhances the economic viability of renewable projects on a smaller scale, fostering a more inclusive and diversified renewable energy landscape.

Threat:

Lack of consumer awareness

The lack of consumer awareness threat in the renewable energy certificate (REC) market arises from a lack of widespread knowledge among consumers about the existence and benefits of RECs. Many potential buyers may not be fully aware of how RECs function or their role in promoting renewable energy. This awareness hinders market growth, as consumers may not actively seek out or understand the value of purchasing RECs to support renewable energy projects. To mitigate this threat, education and outreach efforts are essential to increase consumer awareness and foster a broader understanding of the positive environmental impact associated with REC transactions.

Covid-19 Impact:

The COVID-19 pandemic has had mixed effects on the market. On one hand, the economic slowdown led to a temporary reduction in energy demand, causing a decrease in the issuance and trading of RECs. However, the crisis also prompted governments to prioritize sustainable recovery plans, boosting investments in renewable projects and subsequently driving demand for RECs. The market's resilience underscores the importance of renewable energy for long-term sustainability goals as countries seek cleaner energy alternatives amid global uncertainties.

The solar power energy segment is expected to be the largest during the forecast period

The solar power energy segment has witnessed robust growth in the market due to increasing global emphasis on sustainable and clean energy sources. Governments and businesses are actively adopting solar technologies to meet renewable energy targets and reduce carbon footprints. The escalating demand for solar RECs is fueled by the declining costs of solar installations, government incentives, and a growing awareness of environmental concerns. Furthermore, as solar power continues to gain prominence, its contribution to the REC market is expected to expand, providing a reliable and eco-friendly source of energy in the renewable landscape.

The voluntary segment is expected to have the highest CAGR during the forecast period

Voluntary segment growth in the market is driven by increasing corporate sustainability initiatives and consumer demand for eco-friendly products. Companies seeking to enhance their environmental credentials are actively purchasing RECs to offset their carbon footprint and demonstrate a commitment to renewable energy sources. This voluntary participation goes beyond regulatory requirements, indicating a broader societal shift towards sustainable practices. Additionally, as businesses prioritize environmental responsibility, the demand for RECs in the voluntary segment continues to rise.

Region with largest share:

North America has experienced significant growth in the market due to an increased emphasis on sustainable energy practices. Government incentives, such as tax credits and subsidies, have encouraged businesses and individuals to invest in renewable energy projects. Technological advancements, cost reductions in renewable energy sources, and a favorable regulatory environment have further propelled the market. Furthermore, this growth reflects a broader shift towards cleaner energy solutions, positioning North America as a key player in the global transition to sustainable and renewable energy practices.

Region with highest CAGR:

The Asia-Pacific region has experienced substantial growth in the market due to heightened awareness of climate change and a strong commitment to sustainable energy sources. China and India, in particular, have witnessed substantial expansion in their REC markets, spurred by ambitious renewable energy targets. The region's growing demand for clean energy, coupled with advancements in technology, has fueled the development of diverse renewable projects. Additionally, this flourishing market underscores the region's proactive stance in transitioning towards a more environmentally friendly energy landscape.

Key players in the market

Some of the key players in Renewable Energy Certificate market include Central Electricity Regulatory Commission, Defense Logistics Agency, Environmental Tracking Network of North America, General Services Administration, Green-e Energy, U.S. Environment Protection Agency and Western Area Power Administration.

Key Developments:

In January 2023, The U.S. Environmental Protection Agency (EPA) has set out to curb methane emissions from the oil and gas industry with a new proposed rule in line with the Biden-Harris administration's Inflation Reduction Act (IRA), which turbocharged clean energy deployment, taking steps to incentivize adoption of industry best practices that reduce pollution.

In August 2023, The Defense Logistics Agency has released a solicitation for the fourth iteration of a contracting vehicle that would provide for research and development efforts in various agency mission-specific areas. DLA plans to use the BAA to cover scientific study and experimentation in areas of interest excluded from the agency's annual planning and development processes for R&D.

Energy Types Covered:

• Gas Power Energy
• Hydroelectric Power Energy
• Geothermal Renewable Energy
• Wind Power Energy
• Solar Power Energy
• Other Energy Types

Capacities Covered:

• 0-1,000 KWH
• 1,100-5000 KWH
• 5000+ KWH
• Other Capacities

End Users Covered:

• Voluntary
• Compliance
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Renewable Energy Certificate Market, By Energy Type

• 5.1 Introduction
• 5.2 Gas Power Energy
• 5.3 Hydroelectric Power Energy
• 5.4 Geothermal Renewable Energy
• 5.5 Wind Power Energy
• 5.6 Solar Power Energy
• 5.7 Other Energy Types

6 Global Renewable Energy Certificate Market, By Capacity

• 6.1 Introduction
• 6.2 0-1,000 KWH
• 6.3 1,100-5000 KWH
• 6.4 5000+ KWH
• 6.5 Other Capacities

7 Global Renewable Energy Certificate Market, By End User

• 7.1 Introduction
• 7.2 Voluntary
• 7.3 Compliance
• 7.4 Other End Users

8 Global Renewable Energy Certificate Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 Central Electricity Regulatory Commission
• 10.2 Defense Logistics Agency
• 10.3 Environmental Tracking Network of North America
• 10.4 General Services Administration
• 10.5 Green-e Energy
• 10.6 U.S. Environment Protection Agency,
• 10.7 Western Area Power Administration