Saudi Arabia Voluntary Carbon Credit Market Size & Outlook
Saudi Arabia voluntary carbon credit market, 2018-2030 (US$M)
Related Markets
Saudi Arabia voluntary carbon credit market highlights
- The Saudi Arabia voluntary carbon credit market generated a revenue of USD 21.7 million in 2023 and is expected to reach USD 124.6 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 28.4% from 2024 to 2030.
- In terms of segment, renewable energy was the largest revenue generating project in 2023.
- Methane Capture and Destruction is the most lucrative project segment registering the fastest growth during the forecast period.
Voluntary carbon credit market data book summary
| Market revenue in 2023 | USD 21.7 million |
| Market revenue in 2030 | USD 124.6 million |
| Growth rate | 28.4% (CAGR from 2023 to 2030) |
| Largest segment | Renewable energy |
| Fastest growing segment | Methane Capture and Destruction |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Renewable Energy, Energy Efficiency, Afforestation and Reforestation, Methane Capture and Destruction, Others (soil carbon sequestration, energy efficiency) |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.7% of the global voluntary carbon credit market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE voluntary carbon credit market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 124.6 million by 2030.
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Voluntary Carbon Credit Market Scope
Voluntary Carbon Credit Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia voluntary 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 voluntary carbon credit market will help companies and investors design strategic landscapes.
Renewable energy was the largest segment with a revenue share of 41.01% in 2023. Horizon Databook has segmented the Saudi Arabia voluntary carbon credit market based on renewable energy, energy efficiency, afforestation and reforestation, methane capture and destruction, others (soil carbon sequestration, energy efficiency) covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Saudi Arabia voluntary carbon credit market databook
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Our clientele includes a mix of voluntary carbon credit market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia voluntary carbon credit market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia voluntary carbon credit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia voluntary carbon credit market size, by project, 2018-2030 (US$M)
Saudi Arabia Voluntary Carbon Credit Market Outlook Share, 2023 & 2030 (US$M)
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