03-31-2025 02:18 PM CET | Energy & Environment

Renewable Energy Certificate

North America Renewable Energy Certificate Market reached US$ 5.52 billion in 2024 and is expected to reach US$ 12.04 billion by 2032, growing with a CAGR of 10.24% during the forecast period 2025-2032.

North America Renewable Energy Certificate Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving market.

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A Renewable Energy Certificate (REC) is a market-based instrument that represents the environmental benefits of generating electricity from renewable sources like wind, solar, and hydro. Each REC corresponds to one megawatt-hour (MWh) of renewable energy produced and can be traded separately from the actual electricity. Organizations and businesses purchase RECs to offset their carbon footprint and meet sustainability goals.

List of the Key Players in the North America Renewable Energy Certificate Market:

STX Group, Green-e Energy, APX Inc., Karbone, U.S. Environmental Protection Agency, Defense Logistics Agency Energy, I-REC standard, TÜV SÜD, Statkraft and The Green Certificate Company Limited.

Industry Development:

The total investment in renewable energy is estimated at US$ 20 billion, with Intersect already funding the first phase of the project. This large-scale initiative aims to supply renewable energy for gigawatts of data center capacity across the U.S. and will be executed in multiple phases. The initial phase is expected to become operational by 2026, with full completion targeted for 2027. The increasing corporate demand for clean energy continues to drive the expansion of the Renewable Energy Certificate (REC) market in North America, particularly in voluntary markets.

Growth Forecast Projected:

The North America Renewable Energy Certificate Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the North America Renewable Energy Certificate Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the North America Renewable Energy Certificate Market:

By Type: Compliance RECs, Voluntary RECs

By Certificate: I-REC, TIGR, GEC

By Energy Source: Solar RECs, Wind RECs, Hydro RECs, Others

By End-User: Industrial, Commercial, Residential, Governmental

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter’s five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the sales, production, consumption, import, and export value of the North America Renewable Energy Certificate market?

➠ Who are the leading manufacturers in the North America Renewable Energy Certificate industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the North America Renewable Energy Certificate industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the North America Renewable Energy Certificate market?

➠ What are the various sales, marketing, and distribution channels in the industry?

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