Carbon Offset / Carbon Credit Market by Type (Compliance Market, Voluntary Market), End Use

Description

List of Tables

[197 Pages Report] The Carbon Offset / Carbon Credit Market size was estimated at USD 451.48 million in 2023 and expected to reach USD 551.48 million in 2024, at a CAGR 23.70% to reach USD 2,001.99 million by 2030.

The carbon offset/carbon credit market is a global economic system that aims to reduce greenhouse gas emissions by allowing organizations, governments, and individuals to trade emission reduction credits. This carbon credit service facilitates the transfer of carbon credits, representing the right to emit one metric ton of carbon dioxide equivalent (CO2e), between entities with excess allowances and those seeking to offset their emissions. The growing focus on climate change mitigation and enhanced sustainability commitments across the corporate sector are improving the significance of the carbon offset/carbon credit services. The increasing government initiatives for carbon emission reduction are also contributing to market growth. However, verification and monitoring of emission reductions from carbon offset projects may restrict the adoption of carbon credit services. Also, transparency issues and information asymmetry with carbon offset/carbon credit services may create challenges for the market. Furthermore, introducing innovative carbon credit services and rising number of carbon offset projects worldwide may create attractive opportunities for market growth in the forecast period.

KEY MARKET STATISTICS
Base Year [2023]	USD 451.48 million
Estimated Year [2024]	USD 551.48 million
Forecast Year [2030]	USD 2,001.99 million
CAGR (%)	23.70%

Type: Significance of carbon credits in compliance & voluntary markets

The compliance market for carbon offsetting and carbon credits primarily helps countries and industries achieve their greenhouse gas (GHG) reduction targets under various international agreements. In the compliance market, regulated entities like power plants, manufacturing facilities, and other large emitters are mandated to measure their emissions and surrender an equivalent amount of carbon credits or offsets creating financial incentive for the organizations. The voluntary carbon market operates outside of regulatory frameworks and caters to individuals, companies, governments, and other organizations looking to offset their carbon footprint voluntarily.

End Use: Diverse scope of applications across end-user industries

Carbon credits services help airlines comply with environmental regulations and encourage investment in fuel-efficient technologies, sustainable aviation fuels, and other operational improvements to reduce emissions. Carbon credits provide financial incentives for builders and property owners to invest in these eco-friendly measures while reducing their overall environmental impact. Carbon credit services have a diverse scope of applications in the energy, industrial, and transportation sectors to provide additional opportunities for emission reductions and trading carbon credits, further promoting sustainable business practices.

Regional Insights

In the Americas, the market has experienced significant growth, driven by increasing awareness of climate change and greenhouse gas (GHG) emissions reduction initiatives. The European region has highly developed infrastructure for carbon offset/carbon credit services due to stringent environmental regulations in European countries. The Middle East and Africa region is witnessing increased investment in clean energy projects owing to their vast renewable resources along with growing demand for sustainable development. In the APAC region, Countries including China, India, and Japan are focusing on sustainability initiatives, contributing to the increased adoption of carbon credit services. Consumers in the APAC region are becoming increasingly conscious of the environment, driving companies to invest in carbon offsets as part of their corporate social responsibility initiatives.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Carbon Offset / Carbon Credit Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Carbon Offset / Carbon Credit Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Carbon Offset / Carbon Credit Market, highlighting leading vendors and their innovative profiles. These include 3Degrees Group, Inc., 5D Net Zero, BHP Group PLC, Carbon Credit Capital, LLC, Carbon Footprint Ltd., Carbon Neutral Group, CarbonBetter, CarbonClick, Circular Ecology Ltd., ClearSky Climate Solutions, LLC, Climate Finance Asia Ltd, Climate Impact Partners Limited, ClimeCo LLC, CMA CGM Group, Cool Effect, Inc., Coral Future Pte. Ltd., Ecohz, Ecologi Action Ltd, EDF Energy, Finite Carbon Corporation, GALP Energia, Green Mountain Energy, Greenfleet Australia, Native, Planetair, SGPS, S.A, Shell International B.V., Sterling Planet, Terrapass, and WGL Holdings, Inc..

Market Segmentation & Coverage

This research report categorizes the Carbon Offset / Carbon Credit Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Compliance Market
- Voluntary Market

End Use
- Aviation
- Buildings
- Energy
- Industrial
- Transportation

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Carbon Offset / Carbon Credit Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Carbon Offset / Carbon Credit Market?

3. What are the technology trends and regulatory frameworks in the Carbon Offset / Carbon Credit Market?

4. What is the market share of the leading vendors in the Carbon Offset / Carbon Credit Market?

5. Which modes and strategic moves are suitable for entering the Carbon Offset / Carbon Credit Market?

Product Code: MRR-961BA04A2DD3

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing global focus on climate change mitigation
  - 5.1.1.2. Availability of various government initiatives for carbon emission reduction
  - 5.1.1.3. Rising sustainability commitments and setting ambitious carbon reduction goals across corporate sector
- 5.1.2. Restraints
  - 5.1.2.1. Verifying and monitoring emission reductions from carbon offset projects
- 5.1.3. Opportunities
  - 5.1.3.1. Growing number of carbon offset projects worldwide
  - 5.1.3.2. Introduction of novel carbon credit services
- 5.1.4. Challenges
  - 5.1.4.1. Lack of transparency and information asymmetry with carbon offset/carbon credit services
5.2. Market Segmentation Analysis
- 5.2.1. Type: Significance of carbon credits in compliance & voluntary markets
- 5.2.2. End Use: Diverse scope of applications across end-user industries
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Carbon Offset / Carbon Credit Market, by Type

6.1. Introduction
6.2. Compliance Market
6.3. Voluntary Market

7. Carbon Offset / Carbon Credit Market, by End Use

7.1. Introduction
7.2. Aviation
7.3. Buildings
7.4. Energy
7.5. Industrial
7.6. Transportation

8. Americas Carbon Offset / Carbon Credit Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Carbon Offset / Carbon Credit Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Carbon Offset / Carbon Credit Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
- 11.3.1. Oka, The Carbon Insurance Company, Announces Partnership with Sylvera
- 11.3.2. Occidental Petroleum to Acquire Carbon Capture Technology Supplier for USD 1.1 Billion
- 11.3.3. UK Carbon-Credit Technology Pioneer Changeblock Completes Merger with Canadian ESG Capital Markets Firm Carbon12
11.4. Strategy Analysis & Recommendation

12. Competitive Portfolio

12.1. Key Company Profiles
12.2. Key Product Portfolio