Market revenue in 2023 | USD 4,010.5 million |
Market revenue in 2030 | USD 49,448.6 million |
Growth rate | 43.2% (CAGR from 2023 to 2030) |
Largest segment | Compliance |
Fastest growing segment | Voluntary |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 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 99.62% in 2023. Horizon Databook has segmented the India carbon credit market based on compliance, voluntary covering the revenue growth of each sub-segment from 2018 to 2030.
The GHG emissions in India are expected to remain high due to the flourishing buildings & construction, power generation, oil & chemical processing, and aviation sectors. The country is the third-largest GHG emitter in the world after China and the U.S. In addition, GHG emissions in India went up by 6% in 2022 due to rising economic activities.
The old coal-fired energy plants are considered the main source of GHG emissions in the country. The growing number of cement and steel manufacturing facilities is further contributing to the GHG emissions in India. These developments are expected to increase the demand for carbon capture measures in India in the coming years.
Horizon Databook provides a detailed overview of country-level data and insights on the India carbon credit market , including forecasts for subscribers. This country databook contains high-level insights into India carbon credit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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