PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1515623
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1515623
The global carbon credit validation, verification, certification market is on a trajectory to reach USD 884 million by 2030, a notable increase from the estimated USD 226 million in 2024, with a steady CAGR of 25.5% spanning the period from 2024 to 2030. The future prospects of the global carbon credit validation, verification, and certification market are highly promising, driven by escalating regulatory demands and heightened corporate and public awareness of climate change. As governments worldwide continue to implement stringent carbon reduction mandates and more companies adopt net-zero strategies, the demand for validated and certified carbon credits is expected to rise substantially. This increasing demand will spur technological advancements and innovations, particularly in remote sensing, GIS, and blockchain technologies, enhancing the efficiency and transparency of the validation and verification processes.
Scope of the Report | |
---|---|
Years Considered for the Study | 2019-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Units Considered | Value (USD Million) |
Segments | By Type, By Sector |
Regions covered | Asia Pacific, North America, Europe, and Rest of World |
Moreover, the expansion of carbon markets, including compliance and voluntary markets, will further fuel the growth of the validation, verification, and certification industry. With new revenue opportunities emerging from sectors such as agriculture, forestry, and industrial manufacturing, and growing investments in sustainable projects, the market is poised for significant growth. As a result, businesses engaged in these processes will play a critical role in ensuring the integrity and reliability of carbon credits, thus supporting global efforts to mitigate climate change.
"Water & wastewater segment, by Sector, to hold forth-largest market share from 2024 to 2030."
Water and wastewater management hold the fourth largest market share in the global carbon credit validation, verification, and certification market due to the sector's substantial potential for greenhouse gas emission reductions. Through the implementation of advanced technologies and sustainable practices, water and wastewater facilities can significantly lower their carbon footprint. Projects such as methane capture from wastewater treatment plants and the energy-efficient operation of water distribution systems contribute to the generation of carbon credits. As regulatory pressures increase and the emphasis on sustainable water management grows, the sector's involvement in carbon credit markets is expected to expand, driving further demand for validation, verification, and certification services.
"Compliance segment, by type, to be the second-largest market from 2024 to 2030."
The compliance market holds the second largest market share in the global carbon credit validation, verification, and certification sector due to stringent regulatory frameworks and government mandates that require industries to adhere to emission reduction targets. Compliance markets, such as the European Union Emissions Trading System (EU ETS) and California's Cap-and-Trade Program, create a substantial demand for verified carbon credits to meet legal obligations. This drives continuous investment in the validation, verification, and certification processes to ensure that credits are credible and meet regulatory standards, thereby supporting the growth and stability of the compliance carbon credit market.
By Company Type: Tier 1-30%, Tier 2-55%, and Tier 3-15%
By Designation: C-Level-30%, D-Level-20%, and Others-50%
By Region: North America-18%, Europe-8%, Asia Pacific-60%, South America-4% and
Middle East & Africa-10%.
Note: "Others" include sales managers, engineers, and regional managers
The tiers of the companies are defined based on their total revenue as of 2021: Tier 1: >USD 1 billion, Tier 2: USD 500 million-1 billion, and Tier 3: <USD 500 million.
The carbon credit validation, verification, certification market is predominantly governed by well-established global leaders. Notable players in the carbon credit validation, verification, certification market include VERRA (US), Gold Standard (Switzerland), ACR (American Carbon Registry) (US), Climate Action Reserve (US), SGS Societe Generale de Surveillance SA. (Switzerland), DNV GL (Norway), TUV SUD (Germany), Intertek Group plc (UK), Bureau Veritas (France), The ERM International Group Limited (UK), SCS Global Services (US), Climate Impact Partners (UK), RINA S.p. A. (Italy), Aenor (Spain), SustainCERT (Luxembourg), Aster Global Environmental Solutions, Inc. (US), Carbon Check (India), Ancer Climate, LLC (US), Carbon trust (UK), First Environment Inc. (US), CRS (US), Cotecna (Switzerland), Our Offset Nonprofit LLC. (Hungary), Carbon credit Capital (US), Control Union (Neitherlands).
The report provides a comprehensive definition, description, and forecast of the carbon credit validation, verification, certification market based on various parameters, including service (Validation, Verification, Certification), type (Compliance, Regulatory), sector (Energy & Utilities, Transportation, Industrial, Agriculture & Forestry, Others), and region (Asia Pacific, North America, Europe, Rest of World). The report also offers a thorough qualitative and quantitative analysis of the carbon credit validation, verification, certification, encompassing a comprehensive examination of the key market drivers, limitations, opportunities, and challenges. Additionally, it covers critical facets of the market, such as an assessment of the competitive landscape, an analysis of market dynamics, value-based market estimates, and future trends in the carbon credit validation, verification, certification market. The report provides investment and funding information of key players in the carbon credit validation, verification, certification market.
Key Benefits of Buying the Report
The report is thoughtfully designed to benefit both established industry leaders and newcomers in the carbon credit validation, verification, certification market. It provides reliable revenue forecasts for the entire market as well as its individual sub-segments. This data is a valuable resource for stakeholders, enabling them to gain a comprehensive understanding of the competitive landscape and formulate effective market strategies for their businesses. Furthermore, the report serves as a channel for stakeholders to grasp the current state of the market, providing essential insights into market drivers, limitations, challenges, and growth opportunities. By incorporating these insights, stakeholders can make well-informed decisions and stay informed about the constantly evolving dynamics of the carbon credit validation, verification, certification industry.