Global Sustainability Certification Market Size Worth USD 5.44 Billion By 2033 | CAGR Of 6.46%
Category: Semiconductors & ElectronicsGlobal Sustainability Certification Market Size Worth USD 5.44 Billion By 2033
According to a research report published by Spherical Insights & Consulting, The Global Sustainability Certification Market Size is Expected to Grow from USD 2.91 Billion in 2023 to USD 5.44 Billion by 2033, at a CAGR of 6.46% during the forecast period 2023-2033.
Get more details on this report -
Browse key industry insights spread across 240 pages with 105 Market data tables and figures & charts from the report on the "Global Sustainability Certification Market Size, Share, and COVID-19 Impact Analysis, By Application (Energy & Emissions Management, Mobility & Transportation, Infrastructure, and Circular Economy), By Vertical (Industrial, Commercial, and Residential), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/sustainability-certification-market
The sustainability certification market includes a methodical set of standards, verification processes, and legal guidelines designed to assess and certify companies, products, or services by environmental, social, and governance (ESG) criteria. The use of reputable certification bodies that evaluate adherence to sustainable standards ensures transparency, reliability, and market trust. The industrial, construction, energy, and agricultural sectors all include consumer choices and corporate social responsibility. Growing consumer awareness and the need for eco-friendly products are driving the market for sustainability certifications, which is supported by strict environmental regulations and corporate sustainability commitments. The demand for socially and ecologically responsible business operations throughout the world is the main driver of this market's growth. The market for sustainability certification is driven by several factors, including supply chain transparency, stringent environmental regulations, consumer demand for sustainable products, industry standards, corporate ESG pledges, global sustainability initiatives, and technological advancements in digital verification. However, inconsistencies in global standards, high certification costs, complicated laws, a lack of knowledge, protracted approvals, technological challenges in sustainability certification market.
The energy & emissions management segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the sustainability certification market is classified into energy & emissions management, mobility & transportation, infrastructure, and circular economy. Among these, the energy & emissions management segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. Certification for energy and emissions management has been driven by the growing need for carbon neutrality, the use of renewable energy sources, and lower emissions.
The industrial segment is anticipated to witness the fastest CAGR growth during the forecast period.
Based on the vertical, the sustainability certification market is divided into industrial, commercial, and residential. Among these, the industrial segment is anticipated to witness the fastest CAGR growth during the forecast period. The growing need for resource efficiency, carbon footprint reduction, and regulatory compliance has developed into this industrial use category.
North America is estimated to hold the largest share of the sustainability certification market over the forecast period.
Get more details on this report -
North America is estimated to hold the largest share of the sustainability certification market over the forecast period. The institutional investors place a high value on ESG (Environmental, Social, and Governance) factors, North American businesses are giving certifications top priority in order to increase their marketability and appeal to investors. The industry is expanding faster in Canada as a result of government programs like carbon fees and sustainability incentives that encourage more companies to use certified sustainable practices.
Asia Pacific is predicted to have the highest CAGR growth in the sustainability certification market over the forecast period. To increase efficiency, reduce emissions, and win over customers, sectors including energy and emissions management, mobility and transportation, and infrastructure are increasingly adopting sustainability models. Certifications for carbon and greenhouse gas management, as well as renewable energy sources like solar, wind, and hydrogen, are growing in popularity.
Europe is anticipated to hold a substantial share of the sustainability certification market throughout the predicted period. The primary drivers of this trend are the region's commitment to environmental regulations, consumer demand for sustainable products, and business ESG initiatives.
Major key players in the sustainability certification market include Eurofins Scientific, Bureau Veritas, DEKRA, DNV GL, Control Union, TUV SUD, Intertek Group plc, TUV NORD Group, UL LLC, LRQA Group Limited, SCS Global Services, TUV Rheinland, Element Materials Technology, Green Business Certification Inc., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In May 2024, to satisfy the growing demand from consumers for more environmentally friendly goods and services, SGS announced the SGS Green Mark, the newest addition to its portfolio of sustainability services.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the sustainability certification market based on the below-mentioned segments:
Global Sustainability Certification Market, By Application
- Energy & Emissions Management
- Mobility & Transportation
- Infrastructure
- Circular Economy
Global Sustainability Certification Market, By Vertical
- Industrial
- Commercial
- Residential
Global Sustainability Certification Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?