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市场调查报告书
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1880438

可再生能源证书市场预测至2032年:按类型、能源来源、发电工程容量、最终用户和地区分類的全球分析

Renewable Energy Certificate Market Forecasts to 2032 - Global Analysis By Type, Energy Source, Capacity of Generation Project, End User, and By Geography

出版日期: | 出版商: Stratistics Market Research Consulting | 英文 200+ Pages | 商品交期: 2-3个工作天内

价格

根据 Stratistics MRC 的研究,预计 2025 年全球可再生能源证书市场价值为 232 亿美元,到 2032 年将达到 495 亿美元。

预计在预测期内,可再生能源证书(REC)将以11.4%的复合年增长率成长。 REC是一种用于追踪和交易证书的系统,这些证书代表了再生能源来源发电的环境属性。它透过合规性和自愿性机制将发电企业、公用事业公司、企业和交易商联繫起来。其优点包括:灵活的、基于市场的机制,以支持可再生能源的部署;绿色电力追踪的透明度;实现永续性和监管目标的途径;以及在不改变电力实际流动的情况下,为可再生能源计划所有者提供额外的收入来源。

企业永续性倡议

随着全球企业承诺实现碳中和或100%使用可再生能源,再生能源证书(REC)为支持这些承诺提供了一种灵活且即时的方式。 REC允许企业在不改变实际电力供应的情况下抵消其碳足迹并检验绿色能源消耗。来自商业和产业部门的这种激增需求催生了一个强大的自愿市场,该市场与合规主导的需求相辅相成,从根本上扩大了市场规模和流动性。

检验和透明度的挑战

追踪系统的不一致性以及重复累计和诈欺的可能性削弱了认证的公信力,并引发了人们对环境声明的质疑。这种缺乏普遍标准化的做法有可能削弱买家的信心,并阻碍投资,尤其是那些希望用确凿证据来证明其绿色贡献的机构。因此,这些挑战可能会抑制市场成长,并限製完全透明的可再生能源证书(REC)所能获得的溢价。

绿氢能认证

要认证氢气为「绿色」能源,必须检验其生产所使用的电力是否来自再生能源来源。再生能源证书(REC)是提供这种保证的理想手段,它创造了一种全新的、高价值的认证体系。这项应用不仅拓展了市场,使其涵盖这种前景广阔的新能源载体,还提升了致力于氢气生产的可再生能源计划的价值提案,从而为未来的市场合作创造重要机会。

PPA竞赛

寻求更大议价能力和长期价格稳定的企业正越来越多地绕过再生能源证书(REC),直接与电力生产商签订实体或虚拟购电协议(PPA)。虽然REC提供了弹性,但PPA能更直接地保障企业取得新建可再生能源计划的额外资金。这种企业筹资策略的转变可能会抑制自愿性REC市场的成长,尤其是在规模更大、更成熟的能源买家群体中。

新冠疫情的感染疾病:

疫情初期,再生能源证书(REC)市场因计划建设延误和供应链瓶颈而受到衝击,证书供应暂时受限。此外,经济的不确定性导致一些公司推迟了与永续发展相关的支出,短期内削弱了自愿购买的需求。然而,随着商业活动的恢復,市场展现出强大的韧性并迅速反弹。此外,此次危机提升了全球对环境、社会和治理(ESG)原则的关注度,最终强化了企业对清洁能源的长期承诺,为疫情后市场的復苏和扩张奠定了基础。

预计在预测期内,合规领域将占据最大的市场份额。

合规领域预计将占据最大的市场份额,这主要受政府法律法规和监管政策的驱动。例如,美国的《可再生能源组合标准》(RPS)以及全球类似的机制,都以法律形式强制要求公共产业和大型能源供应商必须从再生能源来源中采购一定比例的电力。可再生能源证书(REC)为这些供应商提供了一种证明其符合相关法规的方式。这形成了一个稳定且不可动摇的需求基础,占据了当前市场规模的很大一部分。

预计在预测期内,小规模企业细分市场将实现最高的复合年增长率。

受全球分散式能源发电趋势的推动,小规模市场预计将经历最高的成长率。这包括住宅和商业太阳能及风能係统的快速普及。此外,有利的净计量政策和技术成本的下降,使得更多消费者能够成为产消者(既是生产者又是消费者)。由于这些小规模装置会为每单位发电发放可再生能源证书(REC),大规模能源专案正在迅速扩张,其速度超过了大规模公共产业计划。

占比最大的地区:

预计北美将在整个预测期内保持最大的市场份额。这主要得益于美国成熟的市场,以及完善的法规结构,特别是各州层级的可再生能源组合标准(RPS)。这持续推高了对合规再生能源证书(REC)的需求。此外,该地区还拥有高度活跃的自愿性市场,企业永续发展领导者积极购买REC以实现其雄心勃勃的环境目标。先进的追踪系统和高流动性进一步巩固了北美在总价值和交易量方面的市场领导地位。

年复合成长率最高的地区:

亚太地区预计将在预测期内呈现最高的复合年增长率,这主要得益于中国、印度和日本等国大规模可再生能源装置容量的增加。各国政府正在实施积极的国家可再生能源目标并建立各自的合规市场,这直接刺激了对再生能源证书(REC)的需求。此外,该地区快速成长的产业部门也积极采纳自愿性永续性目标,从而形成另一个成长通道。由上而下的政策支持和自下而上的企业需求相结合,为市场指数级成长创造了强劲的环境。

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目录

第一章执行摘要

第二章 前言

  • 概述
  • 相关利益者
  • 调查范围
  • 调查方法
    • 资料探勘
    • 数据分析
    • 数据检验
    • 研究途径
  • 研究材料
    • 原始研究资料
    • 次级研究资讯来源
    • 先决条件

第三章 市场趋势分析

  • 介绍
  • 司机
  • 抑制因素
  • 机会
  • 威胁
  • 终端用户分析
  • 新兴市场
  • 新冠疫情的影响

第四章 波特五力分析

  • 供应商的议价能力
  • 买方的议价能力
  • 替代品的威胁
  • 新进入者的威胁
  • 竞争对手之间的竞争

5. 全球可再生能源证书市场(按类型划分)

  • 介绍
  • 遵守
  • 自愿

6. 全球可再生能源证书市场(按能源来源)

  • 介绍
  • 太阳能发电
  • 风力
  • 水力发电
  • 生物质/生质能源
  • 地热
  • 其他能源来源

7. 全球可再生能源证书市场(按发电工程容量划分)

  • 介绍
  • 小规模
  • 中号
  • 大规模

8. 全球可再生能源证书市场(按最终用户划分)

  • 介绍
  • 公共产业和能源供应商
  • 商业和工业(C&I)消费者
  • 住宅消费者
  • 政府机构

9. 全球可再生能源证书市场(按地区划分)

  • 介绍
  • 北美洲
    • 美国
    • 加拿大
    • 墨西哥
  • 欧洲
    • 德国
    • 英国
    • 义大利
    • 法国
    • 西班牙
    • 其他欧洲
  • 亚太地区
    • 日本
    • 中国
    • 印度
    • 澳洲
    • 纽西兰
    • 韩国
    • 亚太其他地区
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 南美洲其他地区
  • 中东和非洲
    • 沙乌地阿拉伯
    • 阿拉伯聯合大公国
    • 卡达
    • 南非
    • 其他中东和非洲地区

第十章:重大进展

  • 协议、伙伴关係、合作和合资企业
  • 收购与併购
  • 新产品上市
  • 业务拓展
  • 其他关键策略

第十一章 企业概况

  • AFS Energy BV
  • Climate Impact Partners Limited
  • 3Degrees, Inc.
  • Ecohz AS
  • REDEX Pte. Ltd.
  • Shell Energy North America(US), LP
  • ENGIE SA
  • Evolugen by Brookfield Renewable
  • EDF Trading Limited
  • Grid Controller of India Limited(GRID-INDIA)
  • Enel SpA
  • Statkraft AS
  • Sterling Planet, Inc.
  • South Pole Holding AG
  • STX Commodities BV
Product Code: SMRC32642

According to Stratistics MRC, the Global Renewable Energy Certificate Market is accounted for $23.2 billion in 2025 and is expected to reach $49.5 billion by 2032, growing at a CAGR of 11.4% during the forecast period. The renewable energy certificate tracks and trades certificates that represent the environmental attributes of electricity generated from renewable sources. It connects generators, utilities, corporations, and traders through compliance and voluntary schemes. Benefits include a flexible, market-based mechanism to support renewable deployment, transparency in tracking green power, an instrument for meeting sustainability and regulatory targets, and additional revenue streams for renewable project owners without altering physical power flows.

Market Dynamics:

Driver:

Corporate Sustainability Commitments

As companies worldwide publicly commit to carbon neutrality and 100% renewable energy usage, RECs offer a flexible and immediate mechanism to substantiate these claims. They allow corporations to offset their carbon footprint and verify green energy consumption without altering their physical power supply arrangements. This surging demand from the commercial and industrial sector is creating a robust, voluntary market that complements compliance-driven demand, fundamentally expanding the market's scope and liquidity.

Restraint:

Verification and Transparency Issues

Inconsistent tracking systems and the potential for double-counting or fraud can undermine the integrity of certificates, casting doubt on their environmental claims. This lack of universal standardization erodes buyer confidence and can deter investment, particularly from entities seeking irrefutable proof of their green contributions. Consequently, these issues can suppress market growth and limit the premium value that fully transparent RECs can command.

Opportunity:

Green Hydrogen Certification

Certifying hydrogen as "green" necessitates verifying that the electricity used in its production is from renewable sources. RECs are the ideal instrument to provide this guarantee, creating a new and high-value certification stream. This application not only broadens the market's reach into a promising new energy vector but also enhances the value proposition of renewable energy projects dedicated to hydrogen production, thereby unlocking a significant and synergistic future market.

Threat:

Competition from PPAs

Corporations seeking more impactful and long-term price stability are increasingly bypassing RECs to sign physical or virtual PPAs directly with generators. While RECs offer flexibility, PPAs provide a more direct claim to additionality funding new renewable projects. This shift in corporate procurement strategy could potentially cap the growth of the voluntary REC market, especially among larger, sophisticated energy buyers.

Covid-19 Impact:

The pandemic initially disrupted the REC market through project construction delays and supply chain bottlenecks, which temporarily constrained certificate supply. Furthermore, economic uncertainty led some corporations to defer sustainability spending, softening voluntary demand in the short term. But the market showed tenacity, rebounding quickly as business activity picked back up. Moreover, the crisis amplified the global focus on ESG principles, ultimately reinforcing long-term corporate clean energy commitments and setting the stage for a strong post-pandemic market recovery and expansion.

The compliance segment is expected to be the largest during the forecast period

The compliance segment is projected to hold the largest market share, primarily driven by binding government mandates and regulatory policies. Legislation such as Renewable Portfolio Standards (RPS) in the U.S. and similar mechanisms globally legally obligate utilities and large energy suppliers to source a specific portion of their electricity from renewable sources. RECs are the way for these groups to show that they are following the rules. This creates a steady, non-negotiable demand base that makes up the bulk of the current market volume.

The small-scale segment is expected to have the highest CAGR during the forecast period

The small-scale segment is anticipated to achieve the highest growth rate, fueled by the global trend towards distributed energy generation. This includes rapid adoption of residential and commercial-scale solar PV and wind systems. Furthermore, supportive net metering policies and falling technology costs are empowering more consumers to become prosumers. Each unit of electricity produced by these small installations can be linked to a Renewable Energy Certificate (REC), leading to a large and quickly growing supply that is increasing faster than bigger utility projects.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share, attributed to its well-established regulatory framework, particularly the mature U.S. market governed by state-level Renewable Portfolio Standards (RPS). This creates a consistent, high-volume demand for compliance RECs. Additionally, the region boasts a highly active voluntary market, with corporate sustainability leaders aggressively purchasing RECs to meet ambitious environmental goals. The presence of sophisticated tracking systems and high liquidity further cements North America's position as the current market leader in terms of overall value and volume.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is expected to exhibit the highest CAGR, driven by the massive renewable energy capacity additions in countries like China, India, and Japan. Governments are implementing aggressive national renewable energy targets and developing their own compliance markets, which directly spur REC demand. Moreover, the region's burgeoning industrial sector is increasingly adopting voluntary sustainability targets, creating a parallel growth stream. This combination of top-down policy support and bottom-up corporate demand creates a potent environment for exponential market expansion.

Key players in the market

Some of the key players in Renewable Energy Certificate Market include AFS Energy B.V., Climate Impact Partners Limited, 3Degrees, Inc., Ecohz AS, REDEX Pte. Ltd., Shell Energy North America (US), L.P., ENGIE S.A., Evolugen by Brookfield Renewable, EDF Trading Limited, Grid Controller of India Limited (GRID-INDIA), Enel S.p.A., Statkraft AS, Sterling Planet, Inc., South Pole Holding AG, and STX Commodities B.V.

Key Developments:

In July 2025, Ecohz strengthened its biomethane offering by acquiring the ISCC EU certification, which certifies the sustainability of renewable gas solutions and enables issuing biomethane certificates for voluntary and compliance markets including the EU Emissions Trading System.

In February 2024 Statkraft signed a Virtual Power Purchase Agreement with Air Liquide for the purchase of RECs from new wind farms in Poland, expected to reduce 38,000 tonnes of CO2 annually.

Types Covered:

  • Compliance
  • Voluntary

Energy Sources Covered:

  • Solar Power
  • Wind Power
  • Hydroelectric Power
  • Biomass/Bioenergy
  • Geothermal
  • Other Energy Sources

Capacity of Generation Projects Covered:

  • Small-Scale
  • Mid-Scale
  • Large-Scale

End Users Covered:

  • Utilities and Energy Suppliers
  • Corporate and Industrial (C&I) Consumers
  • Residential Consumers
  • Government Entities

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 End User Analysis
  • 3.7 Emerging Markets
  • 3.8 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Renewable Energy Certificate Market, By Type

  • 5.1 Introduction
  • 5.2 Compliance
  • 5.3 Voluntary

6 Global Renewable Energy Certificate Market, By Energy Source

  • 6.1 Introduction
  • 6.2 Solar Power
  • 6.3 Wind Power
  • 6.4 Hydroelectric Power
  • 6.5 Biomass/Bioenergy
  • 6.6 Geothermal
  • 6.7 Other Energy Sources

7 Global Renewable Energy Certificate Market, By Capacity of Generation Project

  • 7.1 Introduction
  • 7.2 Small-Scale
  • 7.3 Mid-Scale
  • 7.4 Large-Scale

8 Global Renewable Energy Certificate Market, By End User

  • 8.1 Introduction
  • 8.2 Utilities and Energy Suppliers
  • 8.3 Corporate and Industrial (C&I) Consumers
  • 8.4 Residential Consumers
  • 8.5 Government Entities

9 Global Renewable Energy Certificate Market, By Geography

  • 9.1 Introduction
  • 9.2 North America
    • 9.2.1 US
    • 9.2.2 Canada
    • 9.2.3 Mexico
  • 9.3 Europe
    • 9.3.1 Germany
    • 9.3.2 UK
    • 9.3.3 Italy
    • 9.3.4 France
    • 9.3.5 Spain
    • 9.3.6 Rest of Europe
  • 9.4 Asia Pacific
    • 9.4.1 Japan
    • 9.4.2 China
    • 9.4.3 India
    • 9.4.4 Australia
    • 9.4.5 New Zealand
    • 9.4.6 South Korea
    • 9.4.7 Rest of Asia Pacific
  • 9.5 South America
    • 9.5.1 Argentina
    • 9.5.2 Brazil
    • 9.5.3 Chile
    • 9.5.4 Rest of South America
  • 9.6 Middle East & Africa
    • 9.6.1 Saudi Arabia
    • 9.6.2 UAE
    • 9.6.3 Qatar
    • 9.6.4 South Africa
    • 9.6.5 Rest of Middle East & Africa

10 Key Developments

  • 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 10.2 Acquisitions & Mergers
  • 10.3 New Product Launch
  • 10.4 Expansions
  • 10.5 Other Key Strategies

11 Company Profiling

  • 11.1 AFS Energy B.V.
  • 11.2 Climate Impact Partners Limited
  • 11.3 3Degrees, Inc.
  • 11.4 Ecohz AS
  • 11.5 REDEX Pte. Ltd.
  • 11.6 Shell Energy North America (US), L.P.
  • 11.7 ENGIE S.A.
  • 11.8 Evolugen by Brookfield Renewable
  • 11.9 EDF Trading Limited
  • 11.10 Grid Controller of India Limited (GRID-INDIA)
  • 11.11 Enel S.p.A.
  • 11.12 Statkraft AS
  • 11.13 Sterling Planet, Inc.
  • 11.14 South Pole Holding AG
  • 11.15 STX Commodities B.V.

List of Tables

  • Table 1 Global Renewable Energy Certificate Market Outlook, By Region (2024-2032) ($MN)
  • Table 2 Global Renewable Energy Certificate Market Outlook, By Type (2024-2032) ($MN)
  • Table 3 Global Renewable Energy Certificate Market Outlook, By Compliance (2024-2032) ($MN)
  • Table 4 Global Renewable Energy Certificate Market Outlook, By Voluntary (2024-2032) ($MN)
  • Table 5 Global Renewable Energy Certificate Market Outlook, By Energy Source (2024-2032) ($MN)
  • Table 6 Global Renewable Energy Certificate Market Outlook, By Solar Power (2024-2032) ($MN)
  • Table 7 Global Renewable Energy Certificate Market Outlook, By Wind Power (2024-2032) ($MN)
  • Table 8 Global Renewable Energy Certificate Market Outlook, By Hydroelectric Power (2024-2032) ($MN)
  • Table 9 Global Renewable Energy Certificate Market Outlook, By Biomass/Bioenergy (2024-2032) ($MN)
  • Table 10 Global Renewable Energy Certificate Market Outlook, By Geothermal (2024-2032) ($MN)
  • Table 11 Global Renewable Energy Certificate Market Outlook, By Other Energy Sources (2024-2032) ($MN)
  • Table 12 Global Renewable Energy Certificate Market Outlook, By Capacity of Generation Project (2024-2032) ($MN)
  • Table 13 Global Renewable Energy Certificate Market Outlook, By Small-Scale (2024-2032) ($MN)
  • Table 14 Global Renewable Energy Certificate Market Outlook, By Mid-Scale (2024-2032) ($MN)
  • Table 15 Global Renewable Energy Certificate Market Outlook, By Large-Scale (2024-2032) ($MN)
  • Table 16 Global Renewable Energy Certificate Market Outlook, By End User (2024-2032) ($MN)
  • Table 17 Global Renewable Energy Certificate Market Outlook, By Utilities and Energy Suppliers (2024-2032) ($MN)
  • Table 18 Global Renewable Energy Certificate Market Outlook, By Corporate and Industrial (C&I) Consumers (2024-2032) ($MN)
  • Table 19 Global Renewable Energy Certificate Market Outlook, By Residential Consumers (2024-2032) ($MN)
  • Table 20 Global Renewable Energy Certificate Market Outlook, By Government Entities (2024-2032) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.