HomeEnergy & Power Renewable Energy Certificate Market

Global Renewable Energy Certificate (REC) Market Size, Share & Demand Report By Type (Compliance RECs, Voluntary RECs), By Energy Source (Wind, Solar, Hydro, Biomass, Geothermal), By End User (Utilities, C&I, Residential, Government), By Region & Segment Forecasts, 2025–2030

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Report Benefits

  • Develop business strategies by understanding the trends shaping and driving the Market.

  • Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Market in the future.

  • Formulate effective sales and marketing strategies by understanding the competitive landscape and by analysing the company share of market leaders.

  • Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.

  • Track sales in the global and country-specific Market.

  • Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.

Table of Contents

  1. Executive Summary
    1. Introduction
  2. Market Introduction
    1. Market Definition
    2. Scope of the Study
    3. Market Structure
  3. Research Methodology
    1. Primary Research
    2. Research Methodology
    3. Assumptions & Exclusions
    4. Secondary Data Sources
  4. Market Factor Analysis
    1. Value Chain Analysis: Renewable Energy Certificate Market
    2. Porters Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Dynamics
    1. Drivers
    2. Restraints
    3. Opportunities
  6. Recent Trends Analysis
  7. Impact of COVID-19 on Renewable Energy Certificate Market
    1. Pre and Post Covid -19 Market Scenario Analysis
    2. Market Recovery Timeline and Challenge
    3. Measures Taken by Top Players
  8. Regulatory Landscape
  9. Renewable Energy Certificate Market, Type
    1. Introduction
      1. Market Size and Forecast, Type
    2. Compliance Renewable Energy Certificates
      1. Market Size and Forecast, By Region
    3. Voluntary Renewable Energy Certificates
      1. Market Size and Forecast, By Region
  10. Renewable Energy Certificate Market, Energy Source
    1. Introduction
      1. Market Size and Forecast, Energy Source
    2. Wind RECs
      1. Market Size and Forecast, By Region
    3. Solar RECs
      1. Market Size and Forecast, By Region
    4. Hydropower RECs
      1. Market Size and Forecast, By Region
    5. Biomass RECs
      1. Market Size and Forecast, By Region
    6. Geothermal RECs
      1. Market Size and Forecast, By Region
  11. Renewable Energy Certificate Market, End User
    1. Introduction
      1. Market Size and Forecast, End User
    2. Utilities
      1. Market Size and Forecast, By Region
    3. Commercial & Industrial (C&I)
      1. Market Size and Forecast, By Region
    4. Residential Consumers
      1. Market Size and Forecast, By Region
    5. Government & Public Institutions
      1. Market Size and Forecast, By Region
  12. Renewable Energy Certificate Market, Market Participant
    1. Introduction
      1. Market Size and Forecast, Market Participant
    2. REC Issuers
      1. Market Size and Forecast, By Region
    3. REC Traders / Brokers
      1. Market Size and Forecast, By Region
    4. REC Purchasers / Consumers
      1. Market Size and Forecast, By Region
  13. Regional Overview
    1. Introduction
      1. Market Size and Forecast
    2. North America
      1. Market Size and Forecast
        1. Type
          1. Compliance Renewable Energy Certificates
            1. Voluntary Renewable Energy Certificates
            2. Energy Source
              1. Wind RECs
                1. Solar RECs
                  1. Hydropower RECs
                    1. Biomass RECs
                      1. Geothermal RECs
                      2. End User
                        1. Utilities
                          1. Commercial & Industrial (C&I)
                            1. Residential Consumers
                              1. Government & Public Institutions
                              2. Market Participant
                                1. REC Issuers
                                  1. REC Traders / Brokers
                                    1. REC Purchasers / Consumers
                                  2. U.S.
                                    1. Type
                                      1. Compliance Renewable Energy Certificates
                                        1. Voluntary Renewable Energy Certificates
                                        2. Energy Source
                                          1. Wind RECs
                                            1. Solar RECs
                                              1. Hydropower RECs
                                                1. Biomass RECs
                                                  1. Geothermal RECs
                                                  2. End User
                                                    1. Utilities
                                                      1. Commercial & Industrial (C&I)
                                                        1. Residential Consumers
                                                          1. Government & Public Institutions
                                                          2. Market Participant
                                                            1. REC Issuers
                                                              1. REC Traders / Brokers
                                                                1. REC Purchasers / Consumers
                                                              2. Canada
                                                            2. Europe
                                                              1. Market Size and Forecast
                                                                1. Type
                                                                  1. Compliance Renewable Energy Certificates
                                                                    1. Voluntary Renewable Energy Certificates
                                                                    2. Energy Source
                                                                      1. Wind RECs
                                                                        1. Solar RECs
                                                                          1. Hydropower RECs
                                                                            1. Biomass RECs
                                                                              1. Geothermal RECs
                                                                              2. End User
                                                                                1. Utilities
                                                                                  1. Commercial & Industrial (C&I)
                                                                                    1. Residential Consumers
                                                                                      1. Government & Public Institutions
                                                                                      2. Market Participant
                                                                                        1. REC Issuers
                                                                                          1. REC Traders / Brokers
                                                                                            1. REC Purchasers / Consumers
                                                                                          2. U.K.
                                                                                            1. Type
                                                                                              1. Compliance Renewable Energy Certificates
                                                                                                1. Voluntary Renewable Energy Certificates
                                                                                                2. Energy Source
                                                                                                  1. Wind RECs
                                                                                                    1. Solar RECs
                                                                                                      1. Hydropower RECs
                                                                                                        1. Biomass RECs
                                                                                                          1. Geothermal RECs
                                                                                                          2. End User
                                                                                                            1. Utilities
                                                                                                              1. Commercial & Industrial (C&I)
                                                                                                                1. Residential Consumers
                                                                                                                  1. Government & Public Institutions
                                                                                                                  2. Market Participant
                                                                                                                    1. REC Issuers
                                                                                                                      1. REC Traders / Brokers
                                                                                                                        1. REC Purchasers / Consumers
                                                                                                                      2. Germany
                                                                                                                      3. France
                                                                                                                      4. Spain
                                                                                                                      5. Italy
                                                                                                                      6. Russia
                                                                                                                      7. Nordic
                                                                                                                      8. Benelux
                                                                                                                      9. Rest of Europe
                                                                                                                    2. APAC
                                                                                                                      1. Market Size and Forecast
                                                                                                                        1. Type
                                                                                                                          1. Compliance Renewable Energy Certificates
                                                                                                                            1. Voluntary Renewable Energy Certificates
                                                                                                                            2. Energy Source
                                                                                                                              1. Wind RECs
                                                                                                                                1. Solar RECs
                                                                                                                                  1. Hydropower RECs
                                                                                                                                    1. Biomass RECs
                                                                                                                                      1. Geothermal RECs
                                                                                                                                      2. End User
                                                                                                                                        1. Utilities
                                                                                                                                          1. Commercial & Industrial (C&I)
                                                                                                                                            1. Residential Consumers
                                                                                                                                              1. Government & Public Institutions
                                                                                                                                              2. Market Participant
                                                                                                                                                1. REC Issuers
                                                                                                                                                  1. REC Traders / Brokers
                                                                                                                                                    1. REC Purchasers / Consumers
                                                                                                                                                  2. China
                                                                                                                                                    1. Type
                                                                                                                                                      1. Compliance Renewable Energy Certificates
                                                                                                                                                        1. Voluntary Renewable Energy Certificates
                                                                                                                                                        2. Energy Source
                                                                                                                                                          1. Wind RECs
                                                                                                                                                            1. Solar RECs
                                                                                                                                                              1. Hydropower RECs
                                                                                                                                                                1. Biomass RECs
                                                                                                                                                                  1. Geothermal RECs
                                                                                                                                                                  2. End User
                                                                                                                                                                    1. Utilities
                                                                                                                                                                      1. Commercial & Industrial (C&I)
                                                                                                                                                                        1. Residential Consumers
                                                                                                                                                                          1. Government & Public Institutions
                                                                                                                                                                          2. Market Participant
                                                                                                                                                                            1. REC Issuers
                                                                                                                                                                              1. REC Traders / Brokers
                                                                                                                                                                                1. REC Purchasers / Consumers
                                                                                                                                                                              2. Korea
                                                                                                                                                                              3. Japan
                                                                                                                                                                              4. India
                                                                                                                                                                              5. Australia
                                                                                                                                                                              6. Singapore
                                                                                                                                                                              7. Taiwan
                                                                                                                                                                              8. South East Asia
                                                                                                                                                                              9. Rest of Asia-Pacific
                                                                                                                                                                            2. Middle East and Africa
                                                                                                                                                                              1. Market Size and Forecast
                                                                                                                                                                                1. Type
                                                                                                                                                                                  1. Compliance Renewable Energy Certificates
                                                                                                                                                                                    1. Voluntary Renewable Energy Certificates
                                                                                                                                                                                    2. Energy Source
                                                                                                                                                                                      1. Wind RECs
                                                                                                                                                                                        1. Solar RECs
                                                                                                                                                                                          1. Hydropower RECs
                                                                                                                                                                                            1. Biomass RECs
                                                                                                                                                                                              1. Geothermal RECs
                                                                                                                                                                                              2. End User
                                                                                                                                                                                                1. Utilities
                                                                                                                                                                                                  1. Commercial & Industrial (C&I)
                                                                                                                                                                                                    1. Residential Consumers
                                                                                                                                                                                                      1. Government & Public Institutions
                                                                                                                                                                                                      2. Market Participant
                                                                                                                                                                                                        1. REC Issuers
                                                                                                                                                                                                          1. REC Traders / Brokers
                                                                                                                                                                                                            1. REC Purchasers / Consumers
                                                                                                                                                                                                          2. UAE
                                                                                                                                                                                                            1. Type
                                                                                                                                                                                                              1. Compliance Renewable Energy Certificates
                                                                                                                                                                                                                1. Voluntary Renewable Energy Certificates
                                                                                                                                                                                                                2. Energy Source
                                                                                                                                                                                                                  1. Wind RECs
                                                                                                                                                                                                                    1. Solar RECs
                                                                                                                                                                                                                      1. Hydropower RECs
                                                                                                                                                                                                                        1. Biomass RECs
                                                                                                                                                                                                                          1. Geothermal RECs
                                                                                                                                                                                                                          2. End User
                                                                                                                                                                                                                            1. Utilities
                                                                                                                                                                                                                              1. Commercial & Industrial (C&I)
                                                                                                                                                                                                                                1. Residential Consumers
                                                                                                                                                                                                                                  1. Government & Public Institutions
                                                                                                                                                                                                                                  2. Market Participant
                                                                                                                                                                                                                                    1. REC Issuers
                                                                                                                                                                                                                                      1. REC Traders / Brokers
                                                                                                                                                                                                                                        1. REC Purchasers / Consumers
                                                                                                                                                                                                                                      2. Turky
                                                                                                                                                                                                                                      3. Saudi Arabia
                                                                                                                                                                                                                                      4. South Africa
                                                                                                                                                                                                                                      5. Egypt
                                                                                                                                                                                                                                      6. Nigeria
                                                                                                                                                                                                                                      7. Rest of MEA
                                                                                                                                                                                                                                    2. LATAM
                                                                                                                                                                                                                                      1. Market Size and Forecast
                                                                                                                                                                                                                                        1. Type
                                                                                                                                                                                                                                          1. Compliance Renewable Energy Certificates
                                                                                                                                                                                                                                            1. Voluntary Renewable Energy Certificates
                                                                                                                                                                                                                                            2. Energy Source
                                                                                                                                                                                                                                              1. Wind RECs
                                                                                                                                                                                                                                                1. Solar RECs
                                                                                                                                                                                                                                                  1. Hydropower RECs
                                                                                                                                                                                                                                                    1. Biomass RECs
                                                                                                                                                                                                                                                      1. Geothermal RECs
                                                                                                                                                                                                                                                      2. End User
                                                                                                                                                                                                                                                        1. Utilities
                                                                                                                                                                                                                                                          1. Commercial & Industrial (C&I)
                                                                                                                                                                                                                                                            1. Residential Consumers
                                                                                                                                                                                                                                                              1. Government & Public Institutions
                                                                                                                                                                                                                                                              2. Market Participant
                                                                                                                                                                                                                                                                1. REC Issuers
                                                                                                                                                                                                                                                                  1. REC Traders / Brokers
                                                                                                                                                                                                                                                                    1. REC Purchasers / Consumers
                                                                                                                                                                                                                                                                  2. Brazil
                                                                                                                                                                                                                                                                    1. Type
                                                                                                                                                                                                                                                                      1. Compliance Renewable Energy Certificates
                                                                                                                                                                                                                                                                        1. Voluntary Renewable Energy Certificates
                                                                                                                                                                                                                                                                        2. Energy Source
                                                                                                                                                                                                                                                                          1. Wind RECs
                                                                                                                                                                                                                                                                            1. Solar RECs
                                                                                                                                                                                                                                                                              1. Hydropower RECs
                                                                                                                                                                                                                                                                                1. Biomass RECs
                                                                                                                                                                                                                                                                                  1. Geothermal RECs
                                                                                                                                                                                                                                                                                  2. End User
                                                                                                                                                                                                                                                                                    1. Utilities
                                                                                                                                                                                                                                                                                      1. Commercial & Industrial (C&I)
                                                                                                                                                                                                                                                                                        1. Residential Consumers
                                                                                                                                                                                                                                                                                          1. Government & Public Institutions
                                                                                                                                                                                                                                                                                          2. Market Participant
                                                                                                                                                                                                                                                                                            1. REC Issuers
                                                                                                                                                                                                                                                                                              1. REC Traders / Brokers
                                                                                                                                                                                                                                                                                                1. REC Purchasers / Consumers
                                                                                                                                                                                                                                                                                              2. Mexico
                                                                                                                                                                                                                                                                                              3. Argentina
                                                                                                                                                                                                                                                                                              4. Chile
                                                                                                                                                                                                                                                                                              5. Colombia
                                                                                                                                                                                                                                                                                              6. Rest of LATAM
                                                                                                                                                                                                                                                                                          3. Competitive Landscape, 2024
                                                                                                                                                                                                                                                                                            1. Introduction
                                                                                                                                                                                                                                                                                            2. Renewable Energy Certificate Market Share Analysis, 2024 (%)
                                                                                                                                                                                                                                                                                              1. Market Share Analysis, 2024
                                                                                                                                                                                                                                                                                              2. Competition Ranking, 2024
                                                                                                                                                                                                                                                                                              3. Key Developments & Growth Strategies
                                                                                                                                                                                                                                                                                                1. Merger & Acquisition
                                                                                                                                                                                                                                                                                                2. Product Launch
                                                                                                                                                                                                                                                                                                3. Expansion
                                                                                                                                                                                                                                                                                              4. Consolidated SWOT Analysis of Key Players
                                                                                                                                                                                                                                                                                          4. Company Profile
                                                                                                                                                                                                                                                                                            1. APX Inc.
                                                                                                                                                                                                                                                                                              1. Business Overview
                                                                                                                                                                                                                                                                                              2. Financial Data
                                                                                                                                                                                                                                                                                              3. Key Product Categories
                                                                                                                                                                                                                                                                                              4. Recent Developments
                                                                                                                                                                                                                                                                                            2. Southern Company
                                                                                                                                                                                                                                                                                            3. TÜV SÜD AG
                                                                                                                                                                                                                                                                                            4. Statkraft AS
                                                                                                                                                                                                                                                                                            5. Enel SpA
                                                                                                                                                                                                                                                                                            6. ENGIE SA
                                                                                                                                                                                                                                                                                            7. Schneider Electric SE
                                                                                                                                                                                                                                                                                            8. CleanChoice Energy
                                                                                                                                                                                                                                                                                            9. Renewable Choice Energy
                                                                                                                                                                                                                                                                                            10. Eneco Group