Emission trading schemes form the backbone of modern pollution control system across the globe. This is a system in which special economic incentives are given to companies for achieving reductions in the emissions of pollutants. Various countries have adopted emission trading scheme as one of the initiatives for counter attacking climate change and addressing international greenhouse-gas emission. Pollution control norms, global acceptance and cost effectiveness are the key factors on which the market of emission trading scheme depends. Emission trading scheme finds application in healthcare industry, manufacturing industry, aerospace and automotive sector. Increase in research and development activities in different industries is acting as a catalyst for the growth of emission trading schemes market over the forecast period. Moreover rising awareness of environmental pollution backed by technological innovation and pollution control initiatives by different countries across the globe are the factors driving the emission trading schemes market globally. The highly successful rate of pollution reduction with the use of emission trading schemes is also boosting the market and driving the demand at an exponential rate. Increasing application of emission trading schemes in automobile pollution control and manufacturing sector by proving economic incentives is expected to serve as a market opportunity for future growth.
Asia-Pacific is the most attractive region for emission trading schemes market. The significant increase in application of emission trading in energy incentive sectors like cement, newsprint, steel, aluminium and petroleum in Asia-pacific region is driving the market for emission trading schemes. In addition, presence of unmet needs, government initiatives to increase awareness and improving economic stability are the drivers, driving the emission trading schemes market in the region. Moreover increase in use of modern technologies, continuous research and development by different manufacturing and petroleum companies are the prime drivers of the market in Asia Pacific region. The North America and Europe market for emission trading schemes is expected to grow at a steady pace over the forecast period. Steady recovery from the recent economic meltdown is responsible for the growth in the manufacturing and industrial sector in North America which is driving the market for emission trading schemes in the region. Moreover increasing environmental awareness among the people with the need for reducing carbon footprints backed by government initiatives are expected to boost the market in North America. The necessity to reduce carbon dioxide emission and government rules and regulations about environmental pollution norms in United Kingdom is driving the emission trading schemes market in Europe. Moreover there is an increase in emission trading schemes for reduction of green house gases. This has lead to a significant increase in market demand for emission trading schemes for carbon footprint reduction in Europe market. Europe market faced steep challenge in the recent economic meltdown and is recovering at a steady pace which has also increased the demand for technological innovation and upgradation in the manufacturing industry thereby driving the market for emission trading schemes.
Global key participants in the industry include Green Pro Invest, Ecolutions GmbH, CK Connect Co2, GreenTek Indika, Texas Climate & Carbon Exchange, Bedminster International, Spectro Analytical Labs Limited and Carbon Market Data among others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.