Market revenue in 2023 | USD 36,669.3 million |
Market revenue in 2030 | USD 423,724.1 million |
Growth rate | 41.8% (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 |
Key market players worldwide | AltaGas Ltd, 3Degrees Group, Inc, Carbon Care Asia, CarbonBetter, ClearSky, EKI Energy Services, Finite Carbon, NativeEnergy, South Pole, Torrent Power Limited |
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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 99.47% in 2023. Horizon Databook has segmented the Asia Pacific carbon credit market based on compliance, voluntary covering the revenue growth of each sub-segment from 2018 to 2030.
The GHG emissions in Asia Pacific have been rising owing to the growth of its energy generation, aviation, transportation, building construction, manufacturing, and industrial sectors. According to a report published by the International Energy Agency in March 2023, carbon dioxide emissions increased in Asia by 229 Mt carbon dioxide (excluding China) between 2021 and 2022.
Moreover, as Asia Pacific has most of the countries such as China and India ,their economy is growing at a high CAGR, the demand for fossil fuels for energy generation owing to its increased consumption in these countries is expected to remain high.
It is anticipated to result in surged carbon emissions in the region in the coming years. This is expected to lead to the growth of carbon credit market in Asia Pacific during the forecast period. Moreover, with the increasing population in Asia Pacific, the transportation and building sectors are expected to flourish in the region over the forecast period.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific carbon credit market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific carbon credit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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