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市场调查报告书
商品编码
1652141
美国的再生能源证书市场评估:各类能源,各容量,各最终用途,各地区,机会,预测,2018年~2032年United States Renewable Energy Certificate Market Assessment, By Energy Type, By Capacity, By End-use, By Region, Opportunities and Forecast, 2018-2032F |
美国再生能源证书市场预计将从 2024 年的 101.1 亿美元增长到 2032 年的 220.4 亿美元,在 2025-2032 年预测期内的复合年增长率为 10.23%。近年来,在监管、企业和社会因素的推动下,美国市场经历了显着增长,预计未来仍将保持强劲的扩张步伐。再生能源证书 (REC) 是一种基于市场的产品,旨在鼓励再生能源发电并促进遵守再生能源购买义务 (RPO)。一个 REC 代表再生能源产生的一兆瓦时 (MWh) 电力。 REC 让清洁能源更容易追踪和推广,进而推动市场需求。美国体现了采用再生能源的更广泛趋势,这促使近年来REC市场快速成长。
此外,大众对气候变迁及其影响的认识不断提高,推动了人们对再生能源解决方案的兴趣,鼓励各行业对 REC 进行投资。在国内,商业和住宅部门致力于实现碳中和和再生能源目标,推动市场对自愿 REC 的需求。公司使用 REC 来抵消排放并展示环境责任。此外,正在进行的积极的国家级政策,例如再生能源组合标准(RPS),要求公用事业公司从再生能源生产一定比例的能源,也将有助于未来几年 REC 市场规模的扩大。由于公用事业公司依赖 REC 来履行其义务,因此提高再生能源使用合规性仍然是 REC 需求的主要驱动力。
例如,2023 年 2 月,索尔维与 energyRe 签订了一项为期 15 年的协议,根据该协议,索尔维将购买南卡罗来纳州卡尔霍恩县孤星太阳能专案产生的所有可再生能源证书 (REC)。这一发展凸显了企业正在达成协议,透过购买再生能源证书来抵消脱碳并实现既定目标。
全部的市场区隔,对象地区全部被提供。
上述公司不依市场占有率排序,并且可能会根据研究工作期间获得的资讯进行更改。
United States renewable energy certificate market is projected to witness a CAGR of 10.23% during the forecast period 2025-2032, growing from USD 10.11 billion in 2024 to USD 22.04 billion in 2032. The United States market has experienced significant growth in recent years due to regulatory, corporate, and societal factors and is expected to maintain a strong pace of expansion in the coming years. Renewable Energy Certificates (RECs) are a kind of market-based instruments that are designed to promote the generation of renewable energy and facilitate compliance with renewable purchase obligations (RPO). A single REC represents the one megawatt-hour (MWh) of electricity that has been generated from renewable sources. RECs facilitate the tracking and promotion of clean energy which drives its demand in the market. United States is reflecting a broader trend toward the adoption of renewable energy which has led to the growth of the REC market rapidly in recent years.
Moreover, the growing public awareness about climate change and its impacts has heightened interest in renewable energy solutions, thus prompting different sectors to invest in RECs. In the country, commercial and residential sectors are committing to carbon neutrality and renewable energy targets, boosting the demand for voluntary REC in the market. Companies use RECs to offset emissions and demonstrate environmental responsibility. Furthermore, the ongoing aggressive state-level policies, such as Renewable Portfolio Standards (RPS), mandate utilities to produce a specific percentage of energy from renewable sources, which also contribute to the expansion of RECs market size in the coming years. The rising compliance regarding the use of renewable energy remains a key driver of REC demand, as utilities rely on RECs to meet obligations.
For instance, in February 2023, Solvay and energyRe decided to enter into a 15-year agreement in which Solvay purchased all renewable energy certificates (RECs) generated by the Lone Star Solar project in Calhoun County, South Carolina. This development highlights that companies are entering into contracts to offset decarbonization and achieve the set goals by buying renewable energy certificates.
Rise in Corporate Sustainability Commitments Amplify Market Size
Companies are increasingly seeking solutions that could help to prioritize sustainability along with the rising production activities. RECs are a kind of cost-effective and flexible solution to meet sustainability targets that are set by the company. Corporations are increasingly committing to sustainability goals and adopting corporate social responsibility (CSR) strategies which include carbon neutrality, also emphasize environmental stewardship, thus driving the demand for renewable energy certificates (RECs) in the market. Companies are engaged in purchasing RECs as certificate allows companies to offset the carbon emissions and demonstrate company commitment to renewable energy usage in several operations.
For instance, in 2023, about 9.7 million customers procured approximately 319 million MWh of renewable energy through green power markets, out of which 117 million MWh was procured through unbundled RECs in the United States. This development highlights that corporations are buying green energy to fulfill corporate social responsibility (CSR).
RECs are viable solutions that help in achieving sustainability goals without incurring significant capital expenditures which boosts its market size. RECs are particularly appealing for businesses which may not have the capacity or infrastructure to produce renewable energy on-site. Investing in RECs is often more cost-effective than investing directly in renewable energy infrastructure. The financial incentive provided by RECs encourages companies to invest in RECs, thus increasing its demand in the market.
Government Policies and Regulations Create a Pool of Market Opportunities
In the United States, policymakers are increasingly recognizing the role of renewable energy in enhancing economic and environmental sustainability. The rising focus on renewable energy mix is leading to support the policies that promote clean energy development, thereby creating a favorable environment for the growth of REC transactions in the country. The United States government commences regulations that mandate the usage of renewable energy at certain levels in commercial and residential sectors. Moreover, the federal government has set aggressive decarbonization targets for various sectors, including electricity generation and transportation which drive the demand for RECs in the market. RECs help as companies strive to offset emissions by purchasing RECs from the market at cost-effective rates.
Several states in the United States have implemented policies such as Renewable Portfolio Standards (RPS), which mandate different sectors, such as utilities, to use renewable energy to produce electricity. The rising compliance standards in the country lead to the purchase of certificates to demonstrate adherence to compliance requirements. For instance, the United States launched the long-term tax credits from the Inflation Reduction Act of 2022, which increased state-level clean energy targets and lucrative prices for solar carve-outs and offshore wind, thus driving the demand for RECs in the market.
With the strengthening of regulations and compliance requirements, the demand for RECs is expected to rise significantly. Furthermore, various regions are establishing aggressive clean energy goals, such as achieving 100% carbon-free electricity by specific target years. This trend is driving the demand for renewable energy certificates in the market. Additionally, the goal of achieving net-zero carbon emissions by 2050 is spurring investment in renewable technologies and services, further increasing the demand for RECs. For instance, Illinois has set a 2050 carbon-free electricity target, which necessitates using RECs to meet these goals. As states enforce existing clean energy laws and develop new regulations, the demand for RECs will rise in the coming years.
Solar Power Holds a Notable Market Share
Solar power currently accounts for the largest segment, which makes it dominate the market. In the United States, several incentives and tax credits are also given to boost the utilization of solar energy which has rendered solar energy cheaper to producers and consumers.
Government support encourages the deployment of more solar projects in the country, which in turn generates more RECs in the solar sector. The declining cost of solar panels makes them an attractive option for utilities and companies looking to meet renewable energy targets efficiently, thereby driving investment in the solar power sector. Solar power is scalable and cost-effective, which leads the corporate sector to place significant focus on it. Companies often purchase RECs from solar projects to meet their sustainability commitments without needing to invest in physical solar installations, further driving market demand.
West Region Leads the United States Renewable Energy Certificate Market
The West region dominates the REC market, holding the highest market share due to the presence of states such as California and Oregon. These states have implemented stringent Renewable Portfolio Standards (RPS) policies that require the utility sector to source a significant portion of its energy from renewable sources. Such mandates create compliance requirements, which drive demand for RECs in the utility sector.
For instance, in 2021, the West region of the country accounted for 36.9% of credits retired and 46.1% of the estimated 2022 US REC value. This development highlights that companies in the western part engage in buying the RECs, which makes the region dominate the market.
In addition, the region has vast natural resources which is suitable for renewable energy generation particularly solar and wind which boosts the growth of RECs in the market. As per the RECs market forecast, the presence of an abundance of facilitates and resources will lead to the generation of many RECs, with projections indicating over 480 million RECs generations annually in the West by 2030.
Future Market Scenario (2025 - 2032F)
The implementation of Renewable Portfolio Standards (RPS) creates the demand for renewable energy certificates.
Corporations are increasingly committing to carbon neutrality and renewable energy goals boosting the demand for REC in the forecast period.
Rising public awareness about climate change and the environment creates market opportunity for the forecast period.
As industries and homeowners continue to seek cleaner, more efficient, and more reliable power solutions the demand for renewable energy certificates will continue to grow in the forecast period.
Key Players Landscape and Outlook
Continuous innovation characterizes the landscape of renewable energy certificates, as the companies compete concerning energy efficiency, product life, and unique features. The market outlook remains positive, owing to increased demand for integrating renewable energy and automation in the industrial sector. Product launches, agreements, business expansions, collaborations, and developing technologies are projected to increase competition in the fast-paced market.
For instance, in January 2024, The Meridian Group (TMG) and WGL Energy entered a contract for purchasing renewable energy certificates (RECs). WGL Energy will ensure that 100% of the electricity used by The Meridian Group (TMG) properties in 2024 will be supported by renewable wind energy production. This development highlights that companies are entering into contract contracts, which help will help their increase revenue in the coming years.
All segments will be provided for all regions covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.