Global Carbon Credit Market Size & Outlook, 2023-2030
Global carbon credit market, 2018-2030 (US$M)
Related Markets
Global carbon credit market highlights
- The global carbon credit market generated a revenue of USD 479,407.7 million in 2023 and is expected to reach USD 4,734,347.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 38.7% by 2030.
- In terms of segment, compliance accounted for a revenue of USD 473,658.2 million in 2023.
- Voluntary is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 479,407.7 million |
| Market revenue in 2030 | USD 4,734,347.5 million |
| Growth rate | 38.7% (CAGR from 2023 to 2030) |
| Largest segment | Compliance |
| Fastest growing segment | Voluntary |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Compliance, Voluntary |
Other key industry trends
- In terms of revenue, the North America accounted for 1.8% of the global carbon credit market in 2023.
- By country, the UK is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 3,268.1 million by 2030.
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Carbon Credit Market Scope
Carbon Credit Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global carbon credit market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to carbon credit market will help companies and investors design strategic landscapes.
Compliance was the largest segment with a revenue share of 98.8% in 2023. Horizon Databook has segmented the Global carbon credit market based on compliance, voluntary covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Carbon Credit Type Outlook (Revenue, USD Million, 2018-2030)
- Compliance
- Voluntary
- Global Carbon Credit Project Type Outlook (Revenue, USD Million, 2018-2030)
- Removal / Sequestration projects
- Nature based
- Technology based
- Avoidance / Reduction projects
- Removal / Sequestration projects
- Global Carbon Credit End Use Outlook (Revenue, USD Million, 2018-2030)
- Power
- Energy
- Aviation
- Transportation
- Buildings
- Industrial
- Others
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Our clientele includes a mix of carbon credit market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global carbon credit market , including forecasts for subscribers. This global databook contains high-level insights into Global carbon credit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global carbon credit market size, by regions, 2018-2030 (US$M)
Top 10 countries: Carbon credit market size, 2023 (US$M)
Global carbon credit market share, by type, 2023 & 2030 (%, US$M)
Carbon credit market: Opportunity assessment by country
Global carbon credit market, by region, 2023 (US$M)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,144.3 | 3,226.4 | 3,853.6 | 4,779.4 | 6,152.1 | 8,438.4 | 11,820.4 | 16,931.4 | 24,333.7 | 35,760.3 | 52,802.1 | 76,761.0 | 110,783.7 | 44.5% |
| Europe | 74,375.1 | 198,618.0 | 225,250.6 | 265,846.7 | 326,026.0 | 427,939.0 | 573,657.0 | 786,341.3 | 1,081,487.4 | 1,520,937.0 | 2,149,108.3 | 2,992,919.4 | 4,144,921.2 | 38.3% |
| Asia Pacific | 6,068.0 | 16,365.3 | 18,743.4 | 22,339.6 | 27,666.3 | 36,669.3 | 49,635.8 | 68,703.0 | 97,157.6 | 140,197.2 | 203,163.6 | 291,433.8 | 423,724.1 | 41.9% |
| Latin America | 8.6 | 237.7 | 514.6 | 898.5 | 1,492.5 | 2,353.1 | 3,159.4 | 4,611.2 | 6,730.1 | 9,668.8 | 14,197.0 | 18,449.5 | 24,145.2 | 39.5% |
| MEA | 369.8 | 1,155.3 | 1,501.6 | 1,999.6 | 2,693.8 | 4,007.9 | 6,509.1 | 10,178.5 | 13,938.9 | 20,003.6 | 28,482.8 | 37,010.9 | 30,773.3 | 33.8% |
| Overall | 81,965.7 | 219,602.6 | 249,863.8 | 295,863.8 | 364,030.8 | 479,407.7 | 644,781.7 | 886,765.4 | 1,223,647.6 | 1,726,566.8 | 2,447,753.7 | 3,416,574.6 | 4,734,347.5 | 38.7% |
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