The global demand for Carbon Credit Trading Service Market is presumed to reach the market size of nearly USD 1715.21 MN by 2028 from USD 454.29 MN in 2021 with a CAGR of 20.9% under the study period 2022 - 2028.
A carbon credit trading service is a method for companies to trade at a scale of one metric ton of carbon dioxide. They can choose to sell it or retire. One carbon offset signifies a decrease of one metric ton of Co2. Sometimes it can also be equivalent to other greenhouse gases. When it comes to market trading services, there are two types of market. First is the compliance market, which has a relatively broader scope. It includes governments, enterprises, and other entities that buy carbon offsets to maintain the caps associated with their limitation of carbon dioxide emissions. The second market is much smaller in size. It includes voluntary service where governments, individuals, or companies purchase carbon offsets to reduce their greenhouse gas emissions due to electricity use, transportation, or other sources.
Market Dynamics
The Carbon Credit Trading Service market is likely to grow exponentially because of the constant increase in investments. Further, it is expected to attract funding from financial institutions such as banks, venture capitals, and others. The market has high government support with many countries in the European Union, making it compulsory for companies to indulge in such trade-offs. Thus, the market drivers include high investment, constant innovation, government compliances and regulations. Nonetheless, some companies restrain the market development as they are unwilling to bear high costs unless compliance becomes mandatory.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of carbon credit trading service. The growth and trends of carbon credit trading service industry provide a holistic approach to this study.
Market Segmentation
This section of the carbon credit trading service market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Types
- Industrial
- Household
- Other
By Applications
- Redd Carbon Offset
- Renewable Energy
- Landfill Methane Projects
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Carbon Credit Trading Service market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Carbon Credit Trading Service Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the carbon credit trading service market include Carbon Credit Capital, Terrapass, Renewable Choice, 3Degrees, NativeEnergy, GreenTrees, South Pole Group, Aera Group, Allcot Group, Carbon Clear, Forest Carbon, Bioassets, Biofílica, WayCarbon, CBEEX, Guangzhou Greenstone. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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