Insights on Carbon Credit Trading Platform Market to 2027 – Key Drivers and Restraints

Portable Power Station Market

The global carbon credit trading platform market is expected to reach USD 200.6 billion by 2027 from an estimated USD 67.3 billion in 2022, at a CAGR of 24.4% from 2022 to 2027. The global carbon credit trading platform market is expected to witness significant growth during the forecast period due to the surge in demand for carbon credits resulting from the increased investments in the carbon capture technologies as well as renewable energy adoption.

Carbon Credit Trading Platform Market
Carbon Credit Trading Platform Market

Download PDF Brochure – https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=93146916

This research report categorizes the carbon credit trading platform market based on type, system type, end-use, and region.

Based on type, the carbon credit trading platform market has been segmented as follows:

  • Voluntary Carbon Market
  • Regulated Carbon Market

Based on system type, the carbon credit trading platform market has been segmented as follows:

  • Cap and Trade
  • Baseline and Credit

Based on end use, the carbon credit trading platform market has been segmented as follows:

  • Industrial
  • Utilities
  • Energy
  • Petrochemical
  • Aviation
  • Others

Based on the region, the carbon credit trading platform market has been segmented as follows:

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

Europe likely to emerge as the largest carbon credit trading platform market

Europe accounted for the largest share in the global carbon credit trading platform market during the forecast period. European countries have been operating a cap and trade program since 2005. EU ETS is the largest Emission Trading Scheme (ETS) globally. Germany successfully launched its national Emissions Trading System (ETS) in 2021. It covers upstream fuel from the transport and building sectors and complements the EU Emissions Trading System (ETS). In 2021, regulated entities opened registry compliance accounts, started monitoring their emissions, and bought the first allowances from the exchange or authorized intermediaries. Multiple Emissions Trading Systems (ETS) are in force in Germany, where some emissions are covered by the EU ETS and others by the German National ETS. As part of its commitment to implementing a coherent international policy, France has developed effective tools to incorporate its climate ambitions into its development strategy.

The carbon markets are differentiated into two segments as voluntary carbon markets and regulatory/ compliance carbon markets. There is a difference between these in terms of regulations, impact and the share in the market, among other factors. The funding into projects for reduction of carbon emissions is helping to drive the market for voluntary carbon market. A few major players have a wide regional presence and dominate the switchgear market. The leading players in the carbon credit trading platform market include Nasdaq, Inc. (US), CME Group (US), AirCarbon Exchange (ACX) (Singapore), Carbon Trade Exchange (CTX) (UK) and Xpansiv (US).

Ask Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=93146916

Acquisitions, product launches, and expansions are among the key growth strategies adopted by leading companies such as Nasdaq, Inc. (US), CME Group (US), AirCarbon Exchange (ACX) (Singapore), Carbon Trade Exchange (CTX) (UK) and Xpansiv (US) to boost their position in the carbon credit trading platform market. The companies in the carbon credit trading platform market focusses majorly on partnerships, agreements, product launches, acquisitions, and collaborations to grab a strong foothold in the market.