Press release
Singapore's renewable energy certificate (REC) market 2025 | Industry Developments, Future Growth, Share & Industry Insights
Singapore's renewable energy certificate (REC) market was valued at US$ 60 million in 2024 and is projected to reach US$ 158.49 million by 2032, growing at a CAGR of 11.8% from 2025 to 2032.DataM Intelligence has published a new research report on "Singapore Renewable Energy Certificate Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
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Key Players: SP Group (Singapore Power Group), I-REC Standard, Sunseap Group (EDPR Sunseap), REDEX Pte. Ltd and Saxon Renewables Pte. Ltd
Key Development:
✅ June 2025: REC Solar panel deliveries resumed after a June fire at its Singapore factory; production at the 1.2GW-capacity Tuas facility has been restored.
✅ June 2025: Singapore's REC market faced price softening due to oversupply and muted corporate demand; 2025 vintage solar I-RECs traded around S$80-85/MWh.
✅ August 2025: Singapore's REC market began shifting as prices softened, with factors like oversupply and muted corporate demand influencing the market dynamics.
✅ January 2025: Singapore announced plans for a global framework to recognize RECs from cross-border electricity trading, aiming to enhance international cooperation in renewable energy.
✅ September 2025: Singapore's renewable energy usage reached a record high, driven by increased solar output and clean electricity imports, elevating renewables' share in the national energy mix.
Growth Forecast Projected:
The Global Singapore Renewable Energy Certificate Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Singapore Renewable Energy Certificate Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Key Segments:
By Type (I-REC, TIGR)
By Energy Source (Solar RECs, Wind RECs, Hydro RECs, Biomass, Geothermal)
Regional Analysis for Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.
Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.
Chapter 3: Offers an in-depth look at the competitive landscape among Singapore Renewable Energy Certificate producers, including revenue shares, strategic moves, and recent mergers and acquisitions.
Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.
Chapters 5 & 6: Analyze Singapore Renewable Energy Certificate revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.
Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.
Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.
Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.
Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.
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FAQ's
Q1: What is the current size of the Singapore Renewable Energy Certificate Market?
A: The Singapore Renewable Energy Certificate Market stood at US$ 60 million in 2024 and is set to experience remarkable growth, reaching US$ 158.49 million by 2032
Q2: How fast is the Singapore Renewable Energy Certificate Market growing?
A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 11.8% from 2025 to 2032.
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Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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