세계의 재생에너지 인증서(REC) 시장 : 용량별, 에너지 유형별, 최종 용도별, 지역별 - 예측(-2030년)

The Renewable energy certificate market is estimated to reach USD 45.45 billion by 2030 from an estimated value of USD 27.99 billion in 2025, at a CAGR of 10.2% during the forecast period. Supporting government policies and mandates for renewable energy targets, Corporates strategies and initiatives towards sustainability, energy transition and shift to renewables, and increasing awareness towards Climate change are the major driving factors for the Renewable Energy Certificate market.

"Solar: The largest segment of the Renewable energy certificate market, by energy type."

By energy type, the Renewable energy certificate market was segmented into five categories: wind, solar, hydro, biomass and others. The segment, solar energy, is expected to capture the largest share of the market by energy type. Due to rapid growth, cost-effectiveness, and widespread adoption across the world. Solar energy has experienced a substantial decline in costs over the last decade due to advancements in technology, economies of scale, and government incentives. This has made it the most affordable and viable source of renewable energy for both industrial-scale and domestic installations, leading to its superiority in the REC market. Consequently, many solar energy generators are producing renewable nergy certificates from their solar facilities, and thus a large quantity of certificates is being issued, traded, and bought in the market.

"Above 5,000 KWh segment is expected to remain the largest segment by capacity."

Based on capacity, the Renewable energy certificate market has been segmented into upto 1,000 KWh, 1,001 to 5,000 KWh, and above 5,000 KWh. The Above 5,000 KWh segment is expected to hold the largest market share during the forecast period because of the size and economic efficiencies of large-scale renewable energy projects, especially in solar and wind energy. Larger installations, like commercial-scale solar farms or wind turbines, can generate large quantities of renewable energy. Large-scale renewable energy projects benefit from economies of scale where the cost per unit of energy generated decreases as the system size gets larger making them generally more financially compelling and more competitive in the RECs market.

"Voluntary segment is expected to emerge as the second largest segment based on end user"

By end use, the Renewable energy certificate market has been segmented into complaince and voluntary segment. Voluntary is expected to be the second largest during the forecast period driven by the rising demand from corporations, business units, and individuals seeking to meet their sustainability targets and environmental goals.

"North America is expected to be the second fastest region in the Renewable energy certificate market."

North America is expected to be the second-fastest region in the Renewable energy certificate market between 2025-2030. The North American market consists of the US, Canada, and Mexico. Demand for Renewable energy certificate in North America is driven by the combination of of regulatory obligation, company sustainability objectives, and rising public awareness of climate change. In the US, much of the demand stems from state Renewable Portfolio Standards (RPS) and Clean Energy Standards (CES), which require utilities and energy companies to get a specific percentage of their energy from renewable sources. This regulatory structure generates ongoing demand for RECs as a vehicle through which utilities and firms can prove compliance with renewable energy requirements.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%

By Designation: C-Level Executives - 30%, Managers- 25%, and Others- 45%

By Region: North America- 30%, Europe- 20%, Asia Pacific- 25%, South America- 10%, Middle East & Africa- 15%

Note: Others include product engineers, product specialists, and engineering leads.

Note: The tiers of the companies are defined based on their total revenues as of 2023. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The Renewable energy certificate market is dominated by a few major players that have a wide regional presence. The leading players in the Renewable energy certificate market are 3Degrees, Inc. (US), Ecohz (Norway), Shell Energy (UK), Statkraft (Norway), EDF Trading Limited (UK), ENGIE (France), The Green Certificate Company (France), Enel Spa (Italy), STX Group (Netherlands).

Research Coverage:

The report defines, describes, and forecasts the Renewable Energy Certificate market, by energy type, by capacity, by end user for various regions. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the Renewable Energy Certificate market.

Key Benefits of Buying the Report

• The Renewable Energy Certificate market is driven by factors such as supporting government policies and mandates for renewable energy targets, corporates strategies and initiatives towards sustainability, energy transition and shift to renewables, and increasing awareness towards climate change. Fluctuating prices of REC and high transaction costs restrain growth in the Renewable Energy Certificate market. Opportunities include a increasing investment in clean energy projects andIncreasing government incentives and financial support programs. Few challenges this market faces are lack of standardization and double counting
• Product Development/ Innovation: Other such developments is RECO, RECO is a platform launched by Shell Energy that enables businesses to progressively purchase renewable energy by allowing Shell Energy customers to buy Large-scale Generation Certificates (LGCs) from accredited renewable generators. These LGCs are then surrendered on behalf of the customer, effectively matching their electricity consumption with renewable energy sources.
• Market Development: Incorporation of blockchain and digital ledger technology in renewable energy certificates is emerging as a prominent trend. Digital Ledger enable the real-time and distributed recording of transactions, which eliminates the need for centralized intermediaries. This system ensures that every transaction involving a REC (such as the issuance, sale, or certificate transfer) is recorded transparently and can be tracked by all stakeholders involved.
• Market Diversification: EDF, REDEX and Rekursive Labs have successfully collaborated on a Proof-of-Concept for automating Renewable Energy Certificates transactions using Hedera. The project enables end consumers to retire small quantities of RECs in real time.
• Competitive Assessment: Assessment of rankings some of the key players including of 3Degrees, Inc. (US), Ecohz (Norway), Shell Energy (UK), Statkraft, EDF Trading Limited (UK), ENGIE (France), The Green Certificate Company (France), Enel Spa (Italy), STX Group (Netherlands).

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 STUDY OBJECTIVES
• 1.2 MARKET DEFINITION
• 1.3 STUDY SCOPE
  • 1.3.1 MARKET SEGMENTATION AND REGIONAL SCOPE
  • 1.3.2 YEARS CONSIDERED
  • 1.3.3 INCLUSIONS AND EXCLUSIONS
• 1.4 CURRENCY CONSIDERED
• 1.5 UNIT CONSIDERED
• 1.6 LIMITATIONS
• 1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY

• 2.1 RESEARCH DATA
  • 2.1.1 SECONDARY DATA
    • 2.1.1.1 List of key secondary sources
    • 2.1.1.2 Key data from secondary sources
  • 2.1.2 PRIMARY DATA
    • 2.1.2.1 List of primary interview participants
    • 2.1.2.2 Key industry insights
    • 2.1.2.3 Breakdown of primaries
    • 2.1.2.4 Key data from primary sources
• 2.2 DATA TRIANGULATION
• 2.3 MARKET SIZE ESTIMATION
  • 2.3.1 BOTTOM-UP APPROACH
  • 2.3.2 TOP-DOWN APPROACH
  • 2.3.3 DEMAND-SIDE ANALYSIS
    • 2.3.3.1 Demand-side assumptions
    • 2.3.3.2 Demand-side calculations
  • 2.3.4 SUPPLY-SIDE ANALYSIS
    • 2.3.4.1 Supply-side assumptions
    • 2.3.4.2 Supply-side calculations
• 2.4 RESEARCH ASSUMPTIONS
• 2.5 RESEARCH LIMITATIONS
• 2.6 RISK ANALYSIS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

• 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN RENEWABLE ENERGY CERTIFICATE MARKET
• 4.2 RENEWABLE ENERGY CERTIFICATE MARKET IN NORTH AMERICA, BY END USE AND COUNTRY
• 4.3 RENEWABLE ENERGY CERTIFICATE MARKET, BY ENERGY TYPE
• 4.4 RENEWABLE ENERGY CERTIFICATE MARKET, BY CAPACITY
• 4.5 RENEWABLE ENERGY CERTIFICATE MARKET, BY END USE
• 4.6 RENEWABLE ENERGY CERTIFICATE MARKET, BY REGION

5 MARKET OVERVIEW

• 5.1 INTRODUCTION
• 5.2 MARKET DYNAMICS
  • 5.2.1 DRIVERS
    • 5.2.1.1 Government policies and mandates regarding renewable energy targets
    • 5.2.1.2 Corporate strategies and initiatives toward sustainability goals
    • 5.2.1.3 Transition toward renewable energy sources
    • 5.2.1.4 Increasing awareness of climate change
  • 5.2.2 RESTRAINTS
    • 5.2.2.1 Fluctuating prices of RECs
    • 5.2.2.2 High transaction costs
  • 5.2.3 OPPORTUNITIES
    • 5.2.3.1 Increasing investments in clean energy projects
    • 5.2.3.2 Government incentives and financial support programs
    • 5.2.3.3 Elevating demand for solar panels, micro hydropower plants, and micro wind turbines
  • 5.2.4 CHALLENGES
    • 5.2.4.1 Standardization gaps in REC and risks of fraud and duplicate claims
• 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
• 5.4 SUPPLY CHAIN ANALYSIS
• 5.5 ECOSYSTEM ANALYSIS
• 5.6 CASE STUDY ANALYSIS
  • 5.6.1 INDIAN COMPANIES UTILIZE RECS TO MEET RE100 ENERGY TARGETS
  • 5.6.2 SOUTH KOREA ADOPTS LCOE-INTEGRATED AHP MODEL TO DESIGN FLEXIBLE REC MULTIPLIER SYSTEM
  • 5.6.3 CLEARWAY ENERGY REFURBISHES OCOTILLO WIND FARM TO EXTEND ITS OPERATIONAL LIFE SPAN
• 5.7 TECHNOLOGY ANALYSIS
  • 5.7.1 KEY TECHNOLOGIES
    • 5.7.1.1 Blockchain and digital ledger technology
    • 5.7.1.2 IoT-based monitoring systems
  • 5.7.2 COMPLEMENTARY TECHNOLOGIES
    • 5.7.2.1 Remote sensing and geographic information systems
    • 5.7.2.2 Cloud computing and API integration
• 5.8 PRICING ANALYSIS
  • 5.8.1 INDICATIVE PRICING OF RENEWABLE ENERGY CERTIFICATES, BY ENERGY TYPE, 2024
  • 5.8.2 AVERAGE SELLING PRICE TREND OF RENEWABLE ENERGY CERTIFICATES, BY REGION, 2022-2024
• 5.9 PATENT ANALYSIS
• 5.10 KEY CONFERENCES AND EVENTS, 2025
• 5.11 INVESTMENT AND FUNDING SCENARIO
• 5.12 REGULATORY LANDSCAPE
  • 5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
• 5.13 PORTER'S FIVE FORCES ANALYSIS
  • 5.13.1 THREAT OF SUBSTITUTES
  • 5.13.2 BARGAINING POWER OF SUPPLIERS
  • 5.13.3 BARGAINING POWER OF BUYERS
  • 5.13.4 THREAT OF NEW ENTRANTS
  • 5.13.5 INTENSITY OF COMPETITIVE RIVALRY
• 5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
  • 5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
  • 5.14.2 BUYING CRITERIA
• 5.15 IMPACT OF GENERATIVE AI/AI ON RENEWABLE ENERGY CERTIFICATE MARKET
  • 5.15.1 ADOPTION OF GENERATIVE AI/AI APPLICATIONS IN RENEWABLE ENERGY CERTIFICATE MARKET
  • 5.15.2 IMPACT OF GENERATIVE AI/AI BY KEY END USERS, BY REGION
  • 5.15.3 IMPACT OF AI IN MARKET, BY REGION
• 5.16 GLOBAL MACROECONOMIC OUTLOOK
  • 5.16.1 INTRODUCTION
  • 5.16.2 GDP TRENDS AND FORECAST
  • 5.16.3 IMPACT OF INFLATION ON RENEWABLE ENERGY CERTIFICATE MARKET

6 RENEWABLE ENERGY CERTIFICATE MARKET, BY CAPACITY

• 6.1 INTRODUCTION
• 6.2 UP TO 1,000 KWH
  • 6.2.1 RISING ADOPTION OF ROOFTOP SOLAR PANELS AND SMALL-SCALE WIND TURBINES TO PROPEL SEGMENTAL GROWTH
• 6.3 1,001-5,000 KWH
  • 6.3.1 GREATER AVAILABILITY OF GREEN FINANCING, SUBSIDIES, AND CORPORATE POWER PURCHASE AGREEMENTS TO DRIVE MARKET
• 6.4 ABOVE 5,000 KWH
  • 6.4.1 LARGE-SCALE COMPLIANCE, CORPORATE SUSTAINABILITY, AND DECARBONIZATION EFFORTS TO DRIVE GROWTH

7 RENEWABLE ENERGY CERTIFICATE MARKET, BY ENERGY TYPE

• 7.1 INTRODUCTION
• 7.2 SOLAR POWER
  • 7.2.1 WIDESPREAD ADOPTION OF SOLAR ENERGY DUE TO GOVERNMENT INCENTIVES TO FOSTER SEGMENTAL GROWTH
• 7.3 WIND POWER
  • 7.3.1 GROWING CORPORATE SUSTAINABILITY COMMITMENTS TO ACCELERATE DEMAND
• 7.4 HYDROPOWER
  • 7.4.1 ABILITY TO GENERATE LARGE AMOUNT OF BASE-LOAD ENERGY TO SPUR DEMAND
• 7.5 BIOMASS
  • 7.5.1 INCREASING DEMAND FOR CLEAN AND RENEWABLE ENERGY SOURCES TO FOSTER SEGMENTAL GROWTH
• 7.6 OTHERS

8 RENEWABLE ENERGY CERTIFICATE MARKET, BY END USE

• 8.1 INTRODUCTION
• 8.2 COMPLIANCE
  • 8.2.1 INCREASING DECARBONIZATION TARGETS SET BY GOVERNMENTS WORLDWIDE TO FOSTER MARKET GROWTH
• 8.3 VOLUNTARY
  • 8.3.1 SUSTAINABILITY GOALS AND ESG COMMITMENTS OF BUSINESS OWNERS TO DRIVE MARKET

9 RENEWABLE ENERGY CERTIFICATE MARKET, BY REGION

• 9.1 INTRODUCTION
• 9.2 NORTH AMERICA
  • 9.2.1 US
    • 9.2.1.1 Implementation of RPS and increased adoption of renewable energy to facilitate market growth
  • 9.2.2 CANADA
    • 9.2.2.1 Growing focus on voluntary RECs to support market growth
  • 9.2.3 MEXICO
    • 9.2.3.1 Commitment to creating sustainable power sector to bolster demand
• 9.3 ASIA PACIFIC
  • 9.3.1 CHINA
    • 9.3.1.1 Mandates on green electricity certificates to drive market
  • 9.3.2 INDIA
    • 9.3.2.1 Introduction of certificate multiplier system to contribute to market growth
  • 9.3.3 JAPAN
    • 9.3.3.1 Government policies, market liberalization, and corporate sustainability initiatives to drive market
  • 9.3.4 AUSTRALIA
    • 9.3.4.1 Clean energy transition through STCs and LGCs to foster market growth
  • 9.3.5 REST OF ASIA PACIFIC
• 9.4 EUROPE
  • 9.4.1 GERMANY
    • 9.4.1.1 Corporate sustainability commitments to drive market
  • 9.4.2 FRANCE
    • 9.4.2.1 Enforcement of energy transition laws to reduce carbon emissions to support market growth
  • 9.4.3 NORWAY
    • 9.4.3.1 Ambitious climate policies to reduce greenhouse gas emissions to drive market
  • 9.4.4 SWEDEN
    • 9.4.4.1 Investments in wind, biofuel, and solar energy incentives to boosts demand
  • 9.4.5 SPAIN
    • 9.4.5.1 Reinforcement of greener energy landscape to foster market growth
  • 9.4.6 REST OF EUROPE
• 9.5 ROW
  • 9.5.1 MIDDLE EAST & AFRICA
    • 9.5.1.1 Green infrastructure investment to fuel market growth
  • 9.5.2 SOUTH AMERICA
    • 9.5.2.1 Strong focus on contributing to social and environmental sustainability to boost demand

10 COMPETITIVE LANDSCAPE

• 10.1 OVERVIEW
• 10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020-2025
• 10.3 MARKET RANKING ANALYSIS, 2024
• 10.4 REVENUE ANALYSIS, 2019-2023
• 10.5 COMPANY VALUATION AND FINANCIAL METRICS
• 10.6 PRODUCT COMPARISON
• 10.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
  • 10.7.1 STARS
  • 10.7.2 EMERGING LEADERS
  • 10.7.3 PERVASIVE PLAYERS
  • 10.7.4 PARTICIPANTS
  • 10.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024
    • 10.7.5.1 Company footprint
    • 10.7.5.2 Region footprint
    • 10.7.5.3 Energy type footprint
    • 10.7.5.4 End use footprint
• 10.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
  • 10.8.1 PROGRESSIVE COMPANIES
  • 10.8.2 RESPONSIVE COMPANIES
  • 10.8.3 DYNAMIC COMPANIES
  • 10.8.4 STARTING BLOCKS
  • 10.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
    • 10.8.5.1 Detailed list of key startups/SMEs
    • 10.8.5.2 Competitive benchmarking of key startups/SMEs
• 10.9 COMPETITIVE SCENARIO
  • 10.9.1 PRODUCT LAUNCHES
  • 10.9.2 DEALS
  • 10.9.3 EXPANSIONS
  • 10.9.4 OTHER DEVELOPMENTS

11 COMPANY PROFILES

• 11.1 KEY PLAYERS
  • 11.1.1 3DEGREES, INC.
    • 11.1.1.1 Business overview
    • 11.1.1.2 Products/Services/Solutions offered
    • 11.1.1.3 Recent developments
      • 11.1.1.3.1 Deals
      • 11.1.1.3.2 Expansions
    • 11.1.1.4 MnM view
      • 11.1.1.4.1 Key strengths/Right to win
      • 11.1.1.4.2 Strategic choices
      • 11.1.1.4.3 Weaknesses/Competitive threats
  • 11.1.2 STATKRAFT
    • 11.1.2.1 Business overview
    • 11.1.2.2 Products/Services/Solutions offered
    • 11.1.2.3 Recent developments
      • 11.1.2.3.1 Deals
    • 11.1.2.4 MnM view
      • 11.1.2.4.1 Key strengths/Right to win
      • 11.1.2.4.2 Strategic choices
      • 11.1.2.4.3 Weaknesses/Competitive threats
  • 11.1.3 ENEL SPA
    • 11.1.3.1 Business overview
    • 11.1.3.2 Products/Services/Solutions offered
    • 11.1.3.3 Recent developments
      • 11.1.3.3.1 Deals
    • 11.1.3.4 MnM view
      • 11.1.3.4.1 Key strengths/Right to win
      • 11.1.3.4.2 Strategic choices
      • 11.1.3.4.3 Weaknesses/Competitive threats
  • 11.1.4 SHELL ENERGY
    • 11.1.4.1 Business overview
    • 11.1.4.2 Products/Services/Solutions offered
    • 11.1.4.3 Recent developments
      • 11.1.4.3.1 Product launches
      • 11.1.4.3.2 Deals
    • 11.1.4.4 MnM view
      • 11.1.4.4.1 Key strengths/Right to win
      • 11.1.4.4.2 Strategic choices
      • 11.1.4.4.3 Weakness/Competitive threats
  • 11.1.5 EDF TRADING LIMITED
    • 11.1.5.1 Business overview
    • 11.1.5.2 Products/Services/Solutions offered
    • 11.1.5.3 Recent developments
      • 11.1.5.3.1 Deals
    • 11.1.5.4 MnM view
      • 11.1.5.4.1 Key strengths/Right to win
      • 11.1.5.4.2 Strategic choices
      • 11.1.5.4.3 Weaknesses/Competitive threats
  • 11.1.6 ENGIE
    • 11.1.6.1 Business overview
    • 11.1.6.2 Products/Services/Solutions offered
    • 11.1.6.3 Recent developments
      • 11.1.6.3.1 Deals
  • 11.1.7 STX GROUP
    • 11.1.7.1 Business overview
    • 11.1.7.2 Products/Services/Solutions offered
    • 11.1.7.3 Recent developments
      • 11.1.7.3.1 Deals
      • 11.1.7.3.2 Expansions
  • 11.1.8 SOUTH POLE
    • 11.1.8.1 Business overview
    • 11.1.8.2 Products/Services/Solutions offered
    • 11.1.8.3 Recent developments
      • 11.1.8.3.1 Deals
  • 11.1.9 ECOHZ
    • 11.1.9.1 Business overview
    • 11.1.9.2 Products/Services/Solutions offered
    • 11.1.9.3 Recent developments
      • 11.1.9.3.1 Deals
  • 11.1.10 REDEX
    • 11.1.10.1 Business overview
    • 11.1.10.2 Products/Services/Solutions offered
    • 11.1.10.3 Recent developments
      • 11.1.10.3.1 Deals
  • 11.1.11 CLIMATE IMPACT PARTNERS
    • 11.1.11.1 Business overview
    • 11.1.11.2 Products/Services/Solutions offered
  • 11.1.12 CNERG
    • 11.1.12.1 Business overview
    • 11.1.12.2 Products/Services/Solutions offered
    • 11.1.12.3 Recent developments
      • 11.1.12.3.1 Deals
      • 11.1.12.3.2 Other developments
  • 11.1.13 STERLING PLANET
    • 11.1.13.1 Business overview
    • 11.1.13.2 Products/Services/Solutions offered
  • 11.1.14 THE GREEN CERTIFICATE COMPANY
    • 11.1.14.1 Business overview
    • 11.1.14.2 Products/Services/Solutions offered
  • 11.1.15 OFGEM
    • 11.1.15.1 Business overview
    • 11.1.15.2 Products/Services/Solutions offered
  • 11.1.16 GRID-INDIA
    • 11.1.16.1 Business overview
    • 11.1.16.2 Products/Services/Solutions offered
  • 11.1.17 SAXON RENEWABLES PTE. LTD
    • 11.1.17.1 Business overview
    • 11.1.17.2 Products/Services/Solutions offered
    • 11.1.17.3 Recent developments
      • 11.1.17.3.1 Deals
• 11.2 OTHER PLAYERS
  • 11.2.1 TARGRAY
  • 11.2.2 NEXTERA ENERGY RESOURCES, LLC.
  • 11.2.3 TERRAPASS
  • 11.2.4 ACT
  • 11.2.5 AFS
  • 11.2.6 EVOLUGEN
  • 11.2.7 NATIVE
  • 11.2.8 NVALUE

12 APPENDIX

• 12.1 INSIGHTS FROM INDUSTRY EXPERTS
• 12.2 DISCUSSION GUIDE
• 12.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
• 12.4 CUSTOMIZATION OPTIONS
• 12.5 RELATED REPORTS
• 12.6 AUTHOR DETAILS