Global Renewable Energy Certificates Market: Overview
With depleting natural energy resources, the efforts to develop and utilize renewable energy has escalated in the recent past, which in turn is augmenting the demand in the global renewable energy certificates market. Renewable energy certificates are achieved by those who generate electricity from renewable sources including solar, hydro, biomass, and wind, with an agreement to not sell the electricity at higher tariff at will, though they can be sold in international market as a tradable commodity. These certificates are essential for international trading of renewable energy, which is stimulating the exposure of renewable energy to developing regions. Green certificates, green tags, and tradable renewable certificates are other names often given to renewable energy certificates, with a basic goal to promote a widespread use of renewable energy and reduce the dependency on fossil fuel resources as well as diminish the environmental hazards caused by them. With the upbringing of smart cities in several emerging economies, the demand in the renewable energy certificates market is expected to increment at a strong CAGR during the forecast period of 2016 to 2023.
This report on global renewable energy certificates market has been developed in order to represent a clear picture of current scenario and act as a reliable business document for the stakeholders of this market by estimating the future until 2023. The report studies all positive and negative factors that are expected to influence the global market for renewable energy certificates, as well as profiles a number of leading operators in the market.
On the basis of source, the global renewable energy certificates market can be segmented into biomass energy, wind energy, solar energy, hydroelectric energy, and geothermal energy. Geographically, the report explores the opportunities available for players in the global renewable energy certificates market in several regions including North America, Asia Pacific, Europe, and the Middle East and Africa.
Global Renewable Energy Certificates Market: Trends & Opportunities
The rising awareness pertaining to decrease the dependency on natural resources and increased efforts to save the environment are two of the primary factors driving the demand for renewable energy across the world. Rules and regulations have been laid out to purchase solar energy and a vast network of transmission wires are being laid out across developed and developing regions. Buyers receive a separate electricity bill. On the other hand, a lack of profitability and ecological benefit has been observed by the current certification method, which is expected to hinder the growth rate of renewable energy certificates market in the near future.
Global Renewable Energy Certificates Market: Regional Outlook
Owing to vast population base, lack of infrastructure of conventional energy, and rapid industrialization, Asia and Africa currently pose huge demand for renewable energy, as these certificate can considerably reduce the cost gap between green energy and conventional energy. China, followed by the U.S. and European countries such as the U.K. and Denmark have heavily invested to develop wind energy in the recent past, while renewable energy now serves maximum electricity supply in Germany. Scotland and Ireland are also focused on similar goals.
Companies mentioned in the research report
NuPath Energy, 3 Phases Renewables, Community Energy, Arcadia Power, 3Degrees, Carbon Solutions Group, North American Power, Santee Cooper, EDP Renewables, Sky Energy, Inc., Mass Energy Consumers Alliance, Bonneville Environmental Foundation, Renewable Choice Energy, REpowerNow, Windcurrent, and GP Renewables & Trading LLC are some of the leading companies currently operational in the global renewable energy certificates market.
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.