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市場調查報告書
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1652141

美國的再生能源證書市場評估:各類能源,各容量,各最終用途,各地區,機會,預測,2018年~2032年

United States Renewable Energy Certificate Market Assessment, By Energy Type, By Capacity, By End-use, By Region, Opportunities and Forecast, 2018-2032F

出版日期: | 出版商: Market Xcel - Markets and Data | 英文 126 Pages | 商品交期: 3-5個工作天內

價格

美國再生能源證書市場預計將從 2024 年的 101.1 億美元增長到 2032 年的 220.4 億美元,在 2025-2032 年預測期內的複合年增長率為 10.23%。近年來,在監管、企業和社會因素的推動下,美國市場經歷了顯著增長,預計未來仍將保持強勁的擴張步伐。再生能源證書 (REC) 是一種基於市場的產品,旨在鼓勵再生能源發電並促進遵守再生能源購買義務 (RPO)。一個 REC 代表再生能源產生的一兆瓦時 (MWh) 電力。 REC 讓清潔能源更容易追蹤和推廣,進而推動市場需求。美國體現了採用再生能源的更廣泛趨勢,這促使近年來REC市場快速成長。

此外,大眾對氣候變遷及其影響的認識不斷提高,推動了人們對再生能源解決方案的興趣,鼓勵各行業對 REC 進行投資。在國內,商業和住宅部門致力於實現碳中和和再生能源目標,推動市場對自願 REC 的需求。公司使用 REC 來抵消排放並展示環境責任。此外,正在進行的積極的國家級政策,例如再生能源組合標準(RPS),要求公用事業公司從再生能源生產一定比例的能源,也將有助於未來幾年 REC 市場規模的擴大。由於公用事業公司依賴 REC 來履行其義務,因此提高再生能源使用合規性仍然是 REC 需求的主要驅動力。

例如,2023 年 2 月,索爾維與 energyRe 簽訂了一項為期 15 年的協議,根據該協議,索爾維將購買南卡羅來納州卡爾霍恩縣孤星太陽能專案產生的所有可再生能源證書 (REC)。這一發展凸顯了企業正在達成協議,透過購買再生能源證書來抵消脫碳並實現既定目標。

目錄

第1章 計劃的範圍和定義

第2章 調查手法

第3章 摘要整理

第4章 客戶的迴響

  • 決定是否購買時考慮的要素
    • 遵守必要條件
    • 認證標準
    • REC的vinteji
    • 技術類型
    • 價格

第5章 美國的再生能源證書市場展望,2018年~2032年

    • 各金額
    • 各數量
  • 市場佔有率分析與預測
    • 各類能源
      • 太陽能光伏發電
      • 風力
      • 水力發電
      • 其他
    • 各容量
      • 0~1000KWh
      • 1100~5000KWh
      • 5000KWh以上
    • 各最終用途
      • 遵守
      • 任意
    • 各地區
      • 東北部
      • 中西部
      • 西部
      • 南部
    • 各企業市場佔有率分析(前五名公司和其他-各金額,(2024年))
  • 市場地圖分析,2024年
    • 各類能源
    • 各容量
    • 各最終用途
    • 各地區

全部的市場區隔,對象地區全部被提供。

第6章 波特的五力分析

第7章 大環境分析

第8章 市場動態

  • 推動市場要素
  • 市場課題

第9章 市場趨勢與發展

第10章 競爭情形

  • 前五名市場領導公司的競爭矩陣
  • 前五大企業的SWOT分析
  • 前十名市場主要企業的形勢
    • Constellation Energy Corporation
      • 公司概要
      • 主要經營團隊
      • 產品和服務
      • 財務狀況(如報告)
      • 主要市場焦點和地理存在感
      • 最近的趨勢/合作/夥伴關係/合併和收購
    • Duke Energy Corporation
    • 3 Phases Renewables Inc.
    • NextEra Energy, Inc.
    • American Electric Power Company, Inc.
    • Callective Energy.
    • NRG Energy, Inc.
    • United Green Energy, Inc.
    • WGL Energy Services, Inc.
    • Enel North America Inc.

上述公司不依市場佔有率排序,並且可能會根據研究工作期間獲得的資訊進行更改。

第11章 策略性建議

第12章 關於查公司·免責聲明

Product Code: MX12708

United States renewable energy certificate market is projected to witness a CAGR of 10.23% during the forecast period 2025-2032, growing from USD 10.11 billion in 2024 to USD 22.04 billion in 2032. The United States market has experienced significant growth in recent years due to regulatory, corporate, and societal factors and is expected to maintain a strong pace of expansion in the coming years. Renewable Energy Certificates (RECs) are a kind of market-based instruments that are designed to promote the generation of renewable energy and facilitate compliance with renewable purchase obligations (RPO). A single REC represents the one megawatt-hour (MWh) of electricity that has been generated from renewable sources. RECs facilitate the tracking and promotion of clean energy which drives its demand in the market. United States is reflecting a broader trend toward the adoption of renewable energy which has led to the growth of the REC market rapidly in recent years.

Moreover, the growing public awareness about climate change and its impacts has heightened interest in renewable energy solutions, thus prompting different sectors to invest in RECs. In the country, commercial and residential sectors are committing to carbon neutrality and renewable energy targets, boosting the demand for voluntary REC in the market. Companies use RECs to offset emissions and demonstrate environmental responsibility. Furthermore, the ongoing aggressive state-level policies, such as Renewable Portfolio Standards (RPS), mandate utilities to produce a specific percentage of energy from renewable sources, which also contribute to the expansion of RECs market size in the coming years. The rising compliance regarding the use of renewable energy remains a key driver of REC demand, as utilities rely on RECs to meet obligations.

For instance, in February 2023, Solvay and energyRe decided to enter into a 15-year agreement in which Solvay purchased all renewable energy certificates (RECs) generated by the Lone Star Solar project in Calhoun County, South Carolina. This development highlights that companies are entering into contracts to offset decarbonization and achieve the set goals by buying renewable energy certificates.

Rise in Corporate Sustainability Commitments Amplify Market Size

Companies are increasingly seeking solutions that could help to prioritize sustainability along with the rising production activities. RECs are a kind of cost-effective and flexible solution to meet sustainability targets that are set by the company. Corporations are increasingly committing to sustainability goals and adopting corporate social responsibility (CSR) strategies which include carbon neutrality, also emphasize environmental stewardship, thus driving the demand for renewable energy certificates (RECs) in the market. Companies are engaged in purchasing RECs as certificate allows companies to offset the carbon emissions and demonstrate company commitment to renewable energy usage in several operations.

For instance, in 2023, about 9.7 million customers procured approximately 319 million MWh of renewable energy through green power markets, out of which 117 million MWh was procured through unbundled RECs in the United States. This development highlights that corporations are buying green energy to fulfill corporate social responsibility (CSR).

RECs are viable solutions that help in achieving sustainability goals without incurring significant capital expenditures which boosts its market size. RECs are particularly appealing for businesses which may not have the capacity or infrastructure to produce renewable energy on-site. Investing in RECs is often more cost-effective than investing directly in renewable energy infrastructure. The financial incentive provided by RECs encourages companies to invest in RECs, thus increasing its demand in the market.

Government Policies and Regulations Create a Pool of Market Opportunities

In the United States, policymakers are increasingly recognizing the role of renewable energy in enhancing economic and environmental sustainability. The rising focus on renewable energy mix is leading to support the policies that promote clean energy development, thereby creating a favorable environment for the growth of REC transactions in the country. The United States government commences regulations that mandate the usage of renewable energy at certain levels in commercial and residential sectors. Moreover, the federal government has set aggressive decarbonization targets for various sectors, including electricity generation and transportation which drive the demand for RECs in the market. RECs help as companies strive to offset emissions by purchasing RECs from the market at cost-effective rates.

Several states in the United States have implemented policies such as Renewable Portfolio Standards (RPS), which mandate different sectors, such as utilities, to use renewable energy to produce electricity. The rising compliance standards in the country lead to the purchase of certificates to demonstrate adherence to compliance requirements. For instance, the United States launched the long-term tax credits from the Inflation Reduction Act of 2022, which increased state-level clean energy targets and lucrative prices for solar carve-outs and offshore wind, thus driving the demand for RECs in the market.

With the strengthening of regulations and compliance requirements, the demand for RECs is expected to rise significantly. Furthermore, various regions are establishing aggressive clean energy goals, such as achieving 100% carbon-free electricity by specific target years. This trend is driving the demand for renewable energy certificates in the market. Additionally, the goal of achieving net-zero carbon emissions by 2050 is spurring investment in renewable technologies and services, further increasing the demand for RECs. For instance, Illinois has set a 2050 carbon-free electricity target, which necessitates using RECs to meet these goals. As states enforce existing clean energy laws and develop new regulations, the demand for RECs will rise in the coming years.

Solar Power Holds a Notable Market Share

Solar power currently accounts for the largest segment, which makes it dominate the market. In the United States, several incentives and tax credits are also given to boost the utilization of solar energy which has rendered solar energy cheaper to producers and consumers.

Government support encourages the deployment of more solar projects in the country, which in turn generates more RECs in the solar sector. The declining cost of solar panels makes them an attractive option for utilities and companies looking to meet renewable energy targets efficiently, thereby driving investment in the solar power sector. Solar power is scalable and cost-effective, which leads the corporate sector to place significant focus on it. Companies often purchase RECs from solar projects to meet their sustainability commitments without needing to invest in physical solar installations, further driving market demand.

West Region Leads the United States Renewable Energy Certificate Market

The West region dominates the REC market, holding the highest market share due to the presence of states such as California and Oregon. These states have implemented stringent Renewable Portfolio Standards (RPS) policies that require the utility sector to source a significant portion of its energy from renewable sources. Such mandates create compliance requirements, which drive demand for RECs in the utility sector.

For instance, in 2021, the West region of the country accounted for 36.9% of credits retired and 46.1% of the estimated 2022 US REC value. This development highlights that companies in the western part engage in buying the RECs, which makes the region dominate the market.

In addition, the region has vast natural resources which is suitable for renewable energy generation particularly solar and wind which boosts the growth of RECs in the market. As per the RECs market forecast, the presence of an abundance of facilitates and resources will lead to the generation of many RECs, with projections indicating over 480 million RECs generations annually in the West by 2030.

Future Market Scenario (2025 - 2032F)

The implementation of Renewable Portfolio Standards (RPS) creates the demand for renewable energy certificates.

Corporations are increasingly committing to carbon neutrality and renewable energy goals boosting the demand for REC in the forecast period.

Rising public awareness about climate change and the environment creates market opportunity for the forecast period.

As industries and homeowners continue to seek cleaner, more efficient, and more reliable power solutions the demand for renewable energy certificates will continue to grow in the forecast period.

Key Players Landscape and Outlook

Continuous innovation characterizes the landscape of renewable energy certificates, as the companies compete concerning energy efficiency, product life, and unique features. The market outlook remains positive, owing to increased demand for integrating renewable energy and automation in the industrial sector. Product launches, agreements, business expansions, collaborations, and developing technologies are projected to increase competition in the fast-paced market.

For instance, in January 2024, The Meridian Group (TMG) and WGL Energy entered a contract for purchasing renewable energy certificates (RECs). WGL Energy will ensure that 100% of the electricity used by The Meridian Group (TMG) properties in 2024 will be supported by renewable wind energy production. This development highlights that companies are entering into contract contracts, which help will help their increase revenue in the coming years.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

  • 4.1. Factors Considered in Purchase Decisions
    • 4.1.1. Compliance Requirements
    • 4.1.2. Certification Standards
    • 4.1.3. Vintage of RECs
    • 4.1.4. Technology Type
    • 4.1.5. Pricing

5. United States Renewable Energy Certificate Market Outlook, 2018-2032F

    • 5.1.1. By Value
    • 5.1.2. By Volume
  • 5.2. Market Share Analysis & Forecast
    • 5.2.1. By Energy Type
      • 5.2.1.1. Solar Power
      • 5.2.1.2. Wind Power
      • 5.2.1.3. Hydro-Electric Power
      • 5.2.1.4. Others
    • 5.2.2. By Capacity
      • 5.2.2.1. 0-1000 KWh
      • 5.2.2.2. 1100-5000 KWh
      • 5.2.2.3. More than 5000 KWh
    • 5.2.3. By End-use
      • 5.2.3.1. Compliance
      • 5.2.3.2. Voluntary
    • 5.2.4. By Region
      • 5.2.4.1. Northeast
      • 5.2.4.2. Midwest
      • 5.2.4.3. West
      • 5.2.4.4. South
    • 5.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, (2024)
  • 5.3. Market Map Analysis, 2024
    • 5.3.1. By Energy Type
    • 5.3.2. By Capacity
    • 5.3.3. By End-use
    • 5.3.4. By Region

All segments will be provided for all regions covered

6. Porter's Five Forces Analysis

7. PESTLE Analysis

8. Market Dynamics

  • 8.1. Market Drivers
  • 8.2. Market Challenges

9. Market Trends and Developments

10. Competitive Landscape

  • 10.1. Competition Matrix of Top 5 Market Leaders
  • 10.2. SWOT Analysis for Top 5 Players
  • 10.3. Key Players Landscape for Top 10 Market Players
    • 10.3.1. Constellation Energy Corporation
      • 10.3.1.1. Company Details
      • 10.3.1.2. Key Management Personnel
      • 10.3.1.3. Products and Services
      • 10.3.1.4. Financials (As Reported)
      • 10.3.1.5. Key Market Focus and Geographical Presence
      • 10.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
    • 10.3.2. Duke Energy Corporation
    • 10.3.3. 3 Phases Renewables Inc.
    • 10.3.4. NextEra Energy, Inc.
    • 10.3.5. American Electric Power Company, Inc.
    • 10.3.6. Callective Energy.
    • 10.3.7. NRG Energy, Inc.
    • 10.3.8. United Green Energy, Inc.
    • 10.3.9. WGL Energy Services, Inc.
    • 10.3.10. Enel North America Inc.

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

11. Strategic Recommendations

12. About Us and Disclaimer

List of Tables

  • Table 1. Competition Matrix of Top 5 Market Leaders
  • Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 3. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1. United States Renewable Energy Certificate Market, By Value, In USD Billion, 2018-2032F
  • Figure 2. United States Renewable Energy Certificate Market, By Volume, In Million MWh, 2018-2032F
  • Figure 3. United States Renewable Energy Certificate Market Share (%), By Energy Type, 2018-2032F
  • Figure 4. United States Renewable Energy Certificate Market Share (%), By Capacity, 2018-2032F
  • Figure 5. United States Renewable Energy Certificate Market Share (%), By End-use, 2018-2032F
  • Figure 6. United States Renewable Energy Certificate Market Share (%), By Region, 2018-2032F
  • Figure 7. By Energy Type Map-Market Size (USD Billion) & Growth Rate (%), 2024
  • Figure 8. By Capacity Size Map-Market Size (USD Billion) & Growth Rate (%), 2024
  • Figure 9. By End-use Map-Market Size (USD Billion) & Growth Rate (%), 2024
  • Figure 10. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2024