Press release
Renewable Energy Certificate Market Outlook, Opportunity and Demand Analysis Report by 2030
Allied Market Research published a report, titled, "Renewable Energy Certificate Market by Energy Type, capacity, and End use: 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.
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.
Download Sample PDF (245 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/2255
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.
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.
Request a Discount Before Purchasing Report @ https://www.alliedmarketresearch.com/purchase-enquiry/2255
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.
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.
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.
Get detailed COVID-19 impact analysis on the Renewable Energy Certificates Market @ https://www.alliedmarketresearch.com/request-for-customization/2255?reqfor=covid
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.
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: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR 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.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, and researchers and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.
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.
Download Sample PDF (245 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/2255
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.
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.
Request a Discount Before Purchasing Report @ https://www.alliedmarketresearch.com/purchase-enquiry/2255
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.
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.
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.
Get detailed COVID-19 impact analysis on the Renewable Energy Certificates Market @ https://www.alliedmarketresearch.com/request-for-customization/2255?reqfor=covid
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.
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: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR 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.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, and researchers and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.
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