Global Carbon Credit Market 2024-2028

The carbon credit market is forecasted to grow by USD 1437.52 bn during 2023-2028, accelerating at a CAGR of 31.01% during the forecast period. The report on the carbon credit market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising carbon emissions in the earth's atmosphere, an increase in the adoption of net-zero emission targets, and a growing demand for natural climate solutions.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	29.25%
CAGR	31.01%
Incremental Value	$1437.52bn

Technavio's carbon credit market is segmented as below:

By End-user

Power
Energy
Transportation
Industrial
Others

By Type

Compliance
Voluntary

By Geographical Landscape

Europe
Asia
North America
Rest of World (ROW)

This study identifies the booming investment and partnership deals in the carbon credit market as one of the prime reasons driving the carbon credit market growth during the next few years. Also, growing demand for standardized assessment and transparency in carbon offset projects and increasing corporate efforts toward carbon reduction will lead to sizable demand in the market.

The report on the carbon credit market covers the following areas:

Carbon credit market sizing
Carbon credit market forecast
Carbon credit market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading carbon credit market vendors that include 3Degrees Group Inc., AltaGas Ltd., Anew Climate LLC, Carbon Credit Capital LLC, CarbonBetter, ClearSky Climate Solutions LLC, Climate Bridge Ltd., Climate Impact Partners LLC, ClimatePartner GmbH, ClimeCo LLC, EKI Energy Services Ltd., Finite Carbon Corp., Just Energy Advanced Solutions LLC, Microsoft Corp., NativeEnergy, natureOffice GmbH, NRG Energy Inc., South Pole, Sterling Planet, and Tasman Environmental Markets. Also, the carbon credit market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR75778

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global carbon credit market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global carbon credit market 2018 - 2022 ($ billion)
4.2 End-user Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.3 Type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by End-user

6.1 Market segments
Exhibit 30: Chart on End-user - Market share 2023-2028 (%)
Exhibit 31: Data Table on End-user - Market share 2023-2028 (%)
6.2 Comparison by End-user
Exhibit 32: Chart on Comparison by End-user
Exhibit 33: Data Table on Comparison by End-user
6.3 Power - Market size and forecast 2023-2028
Exhibit 34: Chart on Power - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Power - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Power - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Power - Year-over-year growth 2023-2028 (%)
6.4 Energy - Market size and forecast 2023-2028
Exhibit 38: Chart on Energy - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Energy - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Energy - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Energy - Year-over-year growth 2023-2028 (%)
6.5 Transportation - Market size and forecast 2023-2028
Exhibit 42: Chart on Transportation - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Transportation - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Transportation - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Transportation - Year-over-year growth 2023-2028 (%)
6.6 Industrial - Market size and forecast 2023-2028
Exhibit 46: Chart on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 47: Data Table on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 48: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibit 49: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
6.7 Others - Market size and forecast 2023-2028
Exhibit 50: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 51: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 52: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 53: Data Table on Others - Year-over-year growth 2023-2028 (%)
6.8 Market opportunity by End-user
Exhibit 54: Market opportunity by End-user ($ billion)
Exhibit 55: Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 56: Chart on Type - Market share 2023-2028 (%)
Exhibit 57: Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Exhibit 58: Chart on Comparison by Type
Exhibit 59: Data Table on Comparison by Type
7.3 Compliance - Market size and forecast 2023-2028
Exhibit 60: Chart on Compliance - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Data Table on Compliance - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Chart on Compliance - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Compliance - Year-over-year growth 2023-2028 (%)
7.4 Voluntary - Market size and forecast 2023-2028
Exhibit 64: Chart on Voluntary - Market size and forecast 2023-2028 ($ billion)
Exhibit 65: Data Table on Voluntary - Market size and forecast 2023-2028 ($ billion)
Exhibit 66: Chart on Voluntary - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on Voluntary - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Type
Exhibit 68: Market opportunity by Type ($ billion)
Exhibit 69: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 71: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 72: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 73: Chart on Geographic comparison
Exhibit 74: Data Table on Geographic comparison
9.3 Europe - Market size and forecast 2023-2028
Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.4 Asia - Market size and forecast 2023-2028
Exhibit 79: Chart on Asia - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on Asia - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on Asia - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Asia - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 Rest of World (ROW) - Market size and forecast 2023-2028
Exhibit 87: Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
9.7 Germany - Market size and forecast 2023-2028
Exhibit 91: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.8 UK - Market size and forecast 2023-2028
Exhibit 95: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.9 Italy - Market size and forecast 2023-2028
Exhibit 99: Chart on Italy - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on Italy - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on Italy - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Italy - Year-over-year growth 2023-2028 (%)
9.10 China - Market size and forecast 2023-2028
Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
9.11 US - Market size and forecast 2023-2028
Exhibit 107: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 108: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 109: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on US - Year-over-year growth 2023-2028 (%)
9.12 Market opportunity By Geographical Landscape
Exhibit 111: Market opportunity By Geographical Landscape ($ billion)
Exhibit 112: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 113: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 115: Overview on factors of disruption
11.4 Industry risks
Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 117: Vendors covered
12.2 Market positioning of vendors
Exhibit 118: Matrix on vendor position and classification
12.3 3Degrees Group Inc.
Exhibit 119: 3Degrees Group Inc. - Overview
Exhibit 120: 3Degrees Group Inc. - Product / Service
Exhibit 121: 3Degrees Group Inc. - Key offerings
12.4 AltaGas Ltd.
Exhibit 122: AltaGas Ltd. - Overview
Exhibit 123: AltaGas Ltd. - Business segments
Exhibit 124: AltaGas Ltd. - Key offerings
Exhibit 125: AltaGas Ltd. - Segment focus
12.5 Carbon Credit Capital LLC
Exhibit 126: Carbon Credit Capital LLC - Overview
Exhibit 127: Carbon Credit Capital LLC - Product / Service
Exhibit 128: Carbon Credit Capital LLC - Key offerings
12.6 CarbonBetter
Exhibit 129: CarbonBetter - Overview
Exhibit 130: CarbonBetter - Product / Service
Exhibit 131: CarbonBetter - Key offerings
12.7 Climate Impact Partners LLC
Exhibit 132: Climate Impact Partners LLC - Overview
Exhibit 133: Climate Impact Partners LLC - Product / Service
Exhibit 134: Climate Impact Partners LLC - Key offerings
12.8 ClimatePartner GmbH
Exhibit 135: ClimatePartner GmbH - Overview
Exhibit 136: ClimatePartner GmbH - Product / Service
Exhibit 137: ClimatePartner GmbH - Key offerings
12.9 ClimeCo LLC
Exhibit 138: ClimeCo LLC - Overview
Exhibit 139: ClimeCo LLC - Product / Service
Exhibit 140: ClimeCo LLC - Key offerings
12.10 EKI Energy Services Ltd.
Exhibit 141: EKI Energy Services Ltd. - Overview
Exhibit 142: EKI Energy Services Ltd. - Product / Service
Exhibit 143: EKI Energy Services Ltd. - Key offerings
12.11 Finite Carbon Corp.
Exhibit 144: Finite Carbon Corp. - Overview
Exhibit 145: Finite Carbon Corp. - Product / Service
Exhibit 146: Finite Carbon Corp. - Key offerings
12.12 Just Energy Advanced Solutions LLC
Exhibit 147: Just Energy Advanced Solutions LLC - Overview
Exhibit 148: Just Energy Advanced Solutions LLC - Product / Service
Exhibit 149: Just Energy Advanced Solutions LLC - Key offerings
12.13 Microsoft Corp.
Exhibit 150: Microsoft Corp. - Overview
Exhibit 151: Microsoft Corp. - Business segments
Exhibit 152: Microsoft Corp. - Key news
Exhibit 153: Microsoft Corp. - Key offerings
Exhibit 154: Microsoft Corp. - Segment focus
12.14 NativeEnergy
Exhibit 155: NativeEnergy - Overview
Exhibit 156: NativeEnergy - Product / Service
Exhibit 157: NativeEnergy - Key offerings
12.15 NRG Energy Inc.
Exhibit 158: NRG Energy Inc. - Overview
Exhibit 159: NRG Energy Inc. - Business segments
Exhibit 160: NRG Energy Inc. - Key offerings
Exhibit 161: NRG Energy Inc. - Segment focus
12.16 South Pole
Exhibit 162: South Pole - Overview
Exhibit 163: South Pole - Product / Service
Exhibit 164: South Pole - Key offerings
12.17 Tasman Environmental Markets
Exhibit 165: Tasman Environmental Markets - Overview
Exhibit 166: Tasman Environmental Markets - Product / Service
Exhibit 167: Tasman Environmental Markets - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 168: Inclusions checklist
Exhibit 169: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 170: Currency conversion rates for US$
13.4 Research methodology
Exhibit 171: Research methodology
Exhibit 172: Validation techniques employed for market sizing
Exhibit 173: Information sources
13.5 List of abbreviations
Exhibit 174: List of abbreviations