Renewable Energy Certificate Market to Reach $103.2 Bn, Globally, by 2030 at 27.2% CAGR: Allied Market Research

Surge in the environmental awareness and availability of excess power from small-scale renewable energy resources drive the growth of the global renewable energy certificate market.

PORTLAND, Ore., Nov. 1, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "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." According to the report, the global renewable energy certificate industry generated $9.3 billion in 2020, and is expected to reach $103.2 billion by 2030, witnessing a CAGR of 27.2% from 2021 to 2030.

Drivers, restraints, and opportunities

Surge in the environmental awareness and availability of excess power from small-scale renewable energy resources drive the growth of the global renewable energy certificate market. However, lack of standard regulations and unawareness regarding the sales of renewable energy hinder the market growth. On the other hand, accelerated innovation activities and investments in the development of sustainable renewable energy resources create new opportunities in the coming years.

Download Sample PDF (245 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/2255

Covid-19 Scenario

• The declined demand for non-essential products and complete or partial closedown of automotive, electrical, and other energy-related industries impacted the growth of the renewable energy certificate market during the Covid-19 pandemic.
• Improper supply of raw materials and disrupted operations in the power generation sector led to the negative impact on the renewable energy certificate market.
• Moreover, governments invested and supported the development of renewable energy resources through various policies due to the uncertainties that occurred during the Covid-19 pandemic.

The solar energy segment to continue its lead in terms of revenue during the forecast period

Based on energy type, the solar energy segment accounted for the largest share in 2020, contributing to more than half of the global renewable energy certificate market, and is projected to continue its lead in terms of revenue during the forecast period. This is due to rapid development of solar power generation worldwide, surge in demand for renewable energy, and depletion of fossil fuel resources. However, the gas power segment is expected to witness the largest CAGR of 28.3% from 2021 to 2030, owing to the demand for power, presence of biofuels that can be produced from plants, and rise in municipal waste management and recycling across the world.

Get detailed COVID-19 impact analysis on the Renewable Energy Certificate Market: https://www.alliedmarketresearch.com/request-for-customization/2255?reqfor=covid

The voluntary segment to maintain its leadership status during the forecast period

Based on end use, the voluntary segment contributed to the highest share in 2020, holding nearly three-fourths of the global renewable energy certificate market, and is estimated to maintain its leadership status during the forecast period. This is due to rise in the demand for power and increase in awareness among the people regarding the emission of GHG during the production of energy. However, the compliance segment is expected to portray the highest CAGR of 27.3% from 2021 to 2030. This is attributed to surge in the market share value of renewable power generation and demand for government policies to offset the GHG emissions.

Asia-Pacific, followed by Europe and North America, to maintain its dominant share by 2030

Based on region, Asia-Pacific, followed by Europe and North America, held the highest market share in 2020, accounting for more than one-third of the global renewable energy certificate market, and is estimated to maintain its dominant share by 2030. Moreover, this region is projected to manifest the fastest CAGR of 29.2% during the forecast period. This is due to presence of developing countries such as India and China that are under rapid development renewable energy infrastructure.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/2255

Leading market players

• 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
• Defense Logistics Agency Energy

Interested in Procure Data? Visit Here: https://www.alliedmarketresearch.com/renewable-energy-certificates-market/purchase-options

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying:

https://www.alliedmarketresearch.com/avenue/trial/starter

Similar Reports We Have:   

Renewable Energy Market is projected to reach $1,977.6 billion by 2030, growing at a CAGR of 8.4% from 2021 to 2030.

Solar Energy Market is projected to reach $223.3 billion by 2026, growing at a CAGR of 20.5% from 2019 to 2026.

Wind Energy Market is projected to reach $127.2 billion by 2027, growing at a CAGR of 9.3% from 2020 to 2027.

Hydropower generation market is projected to reach $317.8 billion by 2027, growing at a CAGR of 5.9% from 2020 to 2027.

Nanotechnology in Energy Market is projected to reach $384.8 billion by 2030, growing at a CAGR of 10.7% from 2021 to 2030.

Thermal power plant market is projected to reach $1,820.7 billion by 2030, growing at a CAGR of 3.2% from 2021 to 2030.

Smart Energy Market is projected to reach $253.1 billion by 2027, growing at a CAGR of 9.6% from 2020 to 2027.

Wave Energy Market is projected to reach $141.1 million by 2027, growing at a CAGR of 17.8% from 2020 to 2027.

Pre-Book Now with 10% Discount:

Nuclear Energy Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

Gas Processing Market: Global Opportunity Analysis and Industry Forecast, 2021-2030

Solar Generator Market: Global Opportunity Analysis and Industry Forecast, 2021-2030

Thermal Power Market: Global Opportunity Analysis and Industry Forecast 2021–2030

Energy as a Service (EaaS) Market: Global Opportunity Analysis and Industry Forecast 2020–2027

Hydroelectricity Market : Global Opportunity Analysis and Industry Forecast, 2021–2030

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com 
Web: https://www.alliedmarketresearch.com 
Follow us on | Facebook | Twitter | LinkedIn 

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg