Carbon Verification Market, By Sector, By Geography .

Description

The carbon verification market size is estimated to be valued at US$ 12.73 Bn in 2023 and is expected to reach US$ 64.16 Bn by 2030, exhibiting a compound annual growth rate (CAGR) of 26% from 2023 to 2030.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023/2024:	US$ 12.73 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023/2024 to 2030/2031 CAGR:	26.00%	2030/2031 Value Projection:	US$ 64.16 Bn

Figure 1. Carbon Verification Market Share (%), By Region, 2023

The carbon verification market consists of various products and services that help assess, verify and certify the amount of carbon emissions released by organizations. The main products in this market are carbon credits and carbon offsets. The carbon verification market refers to the market for assessing and validating reported carbon emission reductions through the use of methodologies and protocols. Carbon verification ensures that greenhouse gas emission reductions calculated and reported by organizations adhere to standards and methodologies which is agreed upon by regulators. It plays a vital role in mitigating climate change by certifying the authenticity of claimed carbon credits. The process involves an independent third party evaluator assessing an organization's greenhouse gas inventory, emission baseline, and monitoring plans to check conformance with various carbon accounting and reporting programs. Verification provides assurance to regulators and other stakeholders that reported emission reductions are real, measurable, and have resulted from implemented actions.

Market Dynamics:

The growth of the carbon verification market is driven by the increasing implementation of carbon pricing instruments worldwide.Carbon taxes and emission trading systems are compelling industries and organizations to curb their carbon footprint. This has increased the demand for carbon verification services to claim carbon credits. Stringent regulations and mandatory carbon reporting norms in regions like Europe are also propelling the market growth. However, the lack of uniform carbon accounting standards and methodologies poses a challenge for effective carbon verification and transnational carbon credit trading. The market witnesses opportunities in developing economies with high pollution levels adopting carbon reduction policies. New and emerging carbon offsetting programs also allow new revenue streams for carbon verification services.

Key features of the study:

This report provides in-depth analysis of the global carbon verification market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global carbon verification market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include DNV GL, SGS SA, Bureau Veritas, TUV NORD GROUP, Intertek Group plc, Carbon Trust, First Environment, Inc., ERM Certification and Verification Services, NSF International, UL LLC, Cotecna, SCS Global Services, KPMG International Cooperative, Deloitte Touche Tohmatsu Limited, and PwC.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The carbon verification market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Detailed Segmentation:

Global Carbon Verification Market, By Sector:
- Energy
- Transportation
- Residential and Commercial Buildings
- Industrial
- Agriculture
- Forestry
- Water and Wastewater
- Other
Global Carbon Verification Market, By Geography:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Top Companies in the Carbon Verification Market:
- DNV GL
- SGS SA
- Bureau Veritas
- TUV NORD GROUP
- Intertek Group plc
- Carbon Trust
- First Environment, Inc.
- ERM Certification and Verification Services
- NSF International
- UL LLC
- COTECNA
- SCS Global Services
- KPMG International Cooperative
- Deloitte Touche Tohmatsu Limited
- PwC

Product Code: CMI5809

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Sector
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Climate change mitigation
Regulatory compliance
Voluntary carbon market
Market access and trading
- Restraints
Lack of standardization
Complexity and cost
Market volatility and price fluctuations
- Opportunities
Increasing demand for verification services
Market expansion in emerging regions
Standard development and accreditation
Green finance and investment
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Mergers, Acquisitions, and Collaborations

4. Carbon Verification Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Carbon Verification Market, By Sector, 2017-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Energy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Transportation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Residential and Commercial Buildings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Agriculture
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Forestry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Water and Wastewater
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)

6. Carbon Verification Market, By Region, 2017-2030, (US$ Bn)

Introduction
- Market Share Analysis, By Sub-region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Sub-region, 2018-2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Sector, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Sector, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Sector, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Sector, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
Brazil
Mexico
Rest of Latin America
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Sector, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Sub-region, 2017-2030,(US$ Bn)
South Africa
GCC Countries
Rest of the Middle East and Africa

7. Competitive Landscape

Company Profile
- DNV GL
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
SGS SA Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Bureau Veritas,
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- TUV NORD GROUP
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Intertek Group plc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Carbon Trust
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- First Environment, Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- ERM Certification and Verification Services
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- NSF International )
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- UL LLC
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Cotecna
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- SCS Global Services
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- KPMG International Cooperative
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Deloitte Touche Tohmatsu Limited
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- PwC
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Analyst Views

8. Section

References
Research Methodology
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