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Carbon Offset/Carbon Credit Market Report: Trends, Forecast and Competitive Analysis to 2030

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    Report

  • 150 Pages
  • February 2024
  • Region: Global
  • Lucintel
  • ID: 5980139

Carbon Offset/Carbon Credit Trends and Forecast

The future of the global carbon offset/carbon credit market looks promising with opportunities in the power, energy, aviation, transportation, industrial, and building markets. The global carbon offset/carbon credit market is expected to reach an estimated$2.54 trillion by 2030 with a CAGR of 29.8% from 2024 to 2030. The major drivers for this market are increasing need to reduce global warming and carbon emissions, increase in partial use of carbon credits by companies, and growing investments in carbon capture technologies.

Carbon Offset/Carbon Credit by Segment

The study includes a forecast for the global carbon offset/carbon credit by type, project type, end use, and region.

Carbon Offset/Carbon Credit Market by Type [Shipment Analysis by Value from 2018 to 2030]:

  • Compliance Market
  • Voluntary Market

Carbon Offset/Carbon Credit Market by Project Type [Shipment Analysis by Value from 2018 to 2030]:

  • Avoidance/Reduction Projects
  • Removal/Sequestration Projects

Carbon Offset/Carbon Credit Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

  • Power
  • Energy
  • Aviation
  • Transportation
  • Industrial
  • Buildings
  • Others

Carbon Offset/Carbon Credit Market by Region [Shipment Analysis by Value from 2018 to 2030]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Carbon Offset/Carbon Credit Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies carbon offset/carbon credit companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the carbon offset/carbon credit companies profiled in this report include:
  • South Pole
  • 3Degrees
  • Finite Carbon
  • EKI Energy Services
  • NativeEnergy
  • CarbonBetter
  • Carbon Care Asia

Carbon Offset/Carbon Credit Market Insights

The publisher forecasts that voluntary market is expected to witness the higher growth over the forecast period as it is free from regulations compelled by authorities in the compliance market.

Within this market, power will remain the largest segment as it is a big emitting sector and uses low-GHG technologies.

APAC is expected to witness highest growth over the forecast period due to increasing awareness of climate change in the region.

Features of the Global Carbon Offset/Carbon Credit Market

  • Market Size Estimates: Carbon offset/carbon credit market size estimation in terms of value ($B).
  • Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
  • Segmentation Analysis: Carbon offset/carbon credit market size by type, project type, end use, and region in terms of value ($B).
  • Regional Analysis: Carbon offset/carbon credit market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different types, project types, end uses, and regions for the carbon offset/carbon credit market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the carbon offset/carbon credit market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the carbon offset/carbon credit market size?
Answer: The global carbon offset/carbon credit market is expected to reach an estimated$2.54 trillion by 2030.

Q2. What is the growth forecast for carbon offset/carbon credit market?
Answer: The global carbon offset/carbon credit market is expected to grow with a CAGR of 29.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the carbon offset/carbon credit market?
Answer: The major drivers for this market are increasing need to reduce global warming and carbon emissions, increase in partial use of carbon credits by companies and growing investments in carbon capture technologies.

Q4. What are the major segments for carbon offset/carbon credit market?
Answer: The future of the carbon offset/carbon credit market looks promising with opportunities in the power, energy, aviation, transportation, industrial, and building markets.

Q5. Who are the key carbon offset/carbon credit market companies?
Answer: Some of the key carbon offset/carbon credit companies are as follows:
  • South Pole
  • 3Degrees
  • Finite Carbon
  • EKI Energy Services
  • NativeEnergy
  • CarbonBetter
  • Carbon Care Asia
Q6. Which carbon offset/carbon credit market segment will be the largest in future?
Answer: The publisher forecasts that voluntary market is expected to witness the higher growth over the forecast period as it is free from regulations compelled by authorities in the compliance market.

Q7. In carbon offset/carbon credit market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing awareness of climate change in the region.

Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.

This report answers the following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the carbon offset/carbon credit market by type (compliance market and voluntary market), project type (avoidance/reduction projects and removal/sequestration projects), end use (power, energy, aviation, transportation, industrial, buildings, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?


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Table of Contents

1. Executive Summary
2. Global Carbon Offset/Carbon Credit Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Carbon Offset/Carbon Credit Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Carbon Offset/Carbon Credit Market by Type
3.3.1: Compliance Market
3.3.2: Voluntary Market
3.4: Global Carbon Offset/Carbon Credit Market by Project Type
3.4.1: Avoidance/Reduction Projects
3.4.2: Removal/Sequestration Projects
3.5: Global Carbon Offset/Carbon Credit Market by End Use
3.5.1: Power
3.5.2: Energy
3.5.3: Aviation
3.5.4: Transportation
3.5.5: Industrial
3.5.6: Buildings
3.5.7: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Carbon Offset/Carbon Credit Market by Region
4.2: North American Carbon Offset/Carbon Credit Market
4.2.1: North American Carbon Offset/Carbon Credit Market by Type: Compliance Market and Voluntary Market
4.2.2: North American Carbon Offset/Carbon Credit Market by End Use: Power, Energy, Aviation, Transportation, Industrial, Buildings, and Others
4.3: European Carbon Offset/Carbon Credit Market
4.3.1: European Carbon Offset/Carbon Credit Market by Type: Compliance Market and Voluntary Market
4.3.2: European Carbon Offset/Carbon Credit Market by End Use: Power, Energy, Aviation, Transportation, Industrial, Buildings, and Others
4.4: APAC Carbon Offset/Carbon Credit Market
4.4.1: APAC Carbon Offset/Carbon Credit Market by Type: Compliance Market and Voluntary Market
4.4.2: APAC Carbon Offset/Carbon Credit Market by End Use: Power, Energy, Aviation, Transportation, Industrial, Buildings, and Others
4.5: ROW Carbon Offset/Carbon Credit Market
4.5.1: ROW Carbon Offset/Carbon Credit Market by Type: Compliance Market and Voluntary Market
4.5.2: ROW Carbon Offset/Carbon Credit Market by End Use: Power, Energy, Aviation, Transportation, Industrial, Buildings, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Carbon Offset/Carbon Credit Market by Type
6.1.2: Growth Opportunities for the Global Carbon Offset/Carbon Credit Market by Project Type
6.1.3: Growth Opportunities for the Global Carbon Offset/Carbon Credit Market by End Use
6.1.4: Growth Opportunities for the Global Carbon Offset/Carbon Credit Market by Region
6.2: Emerging Trends in the Global Carbon Offset/Carbon Credit Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Carbon Offset/Carbon Credit Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Carbon Offset/Carbon Credit Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: South Pole
7.2: 3Degrees
7.3: Finite Carbon
7.4: EKI Energy Services
7.5: NativeEnergy
7.6: CarbonBetter
7.7: Carbon Care Asia

Companies Mentioned

  • South Pole
  • 3Degrees
  • Finite Carbon
  • EKI Energy Services
  • NativeEnergy
  • CarbonBetter
  • Carbon Care Asia

Methodology

The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:

  • In-depth interviews of the major players in the market
  • Detailed secondary research from competitors’ financial statements and published data
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.

Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.

Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.

 

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