Blockchain in Energy Market Trend, Share, Growth, Size and Forecast 2032

Blockchain in Energy Market

Blockchain in Energy Market by Type (Public and Private), by Component (Platform and Services), by End-User (Power Sector and Oil and Gas Sector), and by Application (Grid Management, Energy Trading, Government Risk and Compliance Management, Payment Schemes, Supply Chain Management, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032

Category: Energy & Mining Report Format : PDF Pages: 110 Report Code: ZMR-2814 Published Date: Dec-2018 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 6.98 Billion USD 333.16 Billion 53.64% 2023

Blockchain in Energy Market: Industry Perspective

The global Blockchain in Energy Market size was worth around USD 6.98 Billion in 2023 and is predicted to grow to around USD 333.16 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 53.64% between 2024 and 2032.

Global Blockchain in Energy Market SizeRequest Free Sample

Blockchain technology has the potential to revolutionize the energy industry by providing a secure and transparent platform for transactions and data management. The blockchain can be applied in the energy market for peer-to-peer energy trading, renewable energy certificates, grid management, supply chain management, and smart contracts.

Blockchain technology has the potential to enable the development of decentralized energy marketplaces in which individuals and businesses can buy and sell energy directly to one another. This could reduce the need for centralized utilities, resulting in a more efficient and resilient energy system. Renewable energy certificates (RECs) are tradable certificates that represent the environmental characteristics of renewable energy generation. Blockchain technology can provide a safe and transparent platform for tracking REC ownership and transfer, potentially increasing their value and encouraging investment in renewable energy projects.

the report covers a forecast and an analysis of the blockchain in energy market on a global and regional level. The study provides historical data for 2017, 2018, and 2019 along with a forecast from 2023 to 2032 based on revenue (USD Million). The study includes drivers and restraints for the blockchain in energy market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the blockchain in energy market on a global level. 

Global Blockchain in Energy Market: Growth Factors

This report offers a comprehensive analysis of the global blockchain in energy market along with, market trends, drivers, and restraints of the blockchain in energy market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Blockchain in Energy MarketRequest Free Sample

Global Blockchain in Energy Market: Segmentation

The study provides a decisive view on the blockchain in energy market by segmenting the market based on type, application, component, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2023 to 2032. Based on type, the market is segmented into private and public. By component, this market is divided into platform and services. By end-user, this market is segmented into power and oil and gas sectors. The application segment includes grid management, energy trading, government risk, and compliance management, payment schemes, supply chain management, and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has been further segmented into major countries, such as the U.S., UK, France, Germany, China, India, Japan, and Brazil.

Blockchain in Energy Market: Report Scope

Report Attributes Report Details
Report Name Blockchain in Energy Market Size Report
Market Size in 2023 USD 6.98 Billion
Market Forecast in 2032 USD 333.16 Billion
Growth Rate CAGR of 53.64%
Number of Pages 188
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered SAP SE, BigchainDB, BTL Group Limited, Deloitte, Grid+, Infosys, Microsoft, Nodalblock, IBM, AWS, Oracle, Accenture, Power Ledger, WePower, and Lo3 Energy, Inc., among others
Segments Covered By Equipment,By Application, By end-user, and By region
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

The key players in the global Blockchain in Energy Market are -

The report covers a detailed competitive outlook including the market share and company profiles of the key participants operating in the global blockchain in energy market are-

  •  SAP SE
  •  BigchainDB
  •  BTL Group Limited
  •  Deloitte
  •  Grid+
  •  Infosys
  •  Microsoft
  •  Nodalblock
  •  IBM
  •  AWS
  •  Oracle
  •  Accenture
  •  Power Ledger
  •  WePower
  •  Lo3 Energy
  •  among others.

This report segments the global blockchain in energy market into:

Blockchain in Energy Market: Type Analysis

  • Private 
  • Public 

Blockchain in Energy Market: Component Analysis

  • Platform 
  • Services

Blockchain in Energy Market: End-User Analysis

  • Power Sector 
  • Oil and Gas Sector 

Blockchain in Energy Market: Application Analysis

  • Grid Management 
  • Energy Trading 

Government Risk and Compliance Management 

  • Payment Schemes 
  • Supply Chain Management 
  • Others

Blockchain in Energy Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

The global Blockchain in Energy Market size was worth around USD 6.98 Billion in 2023 and is predicted to grow to around USD 333.16 Billion by 2032

compound annual growth rate (CAGR) of roughly 53.64% between 2024 and 2032.

The largest share of the Blockchain in Energy Market is held by Asia Pacific. Developing countries of Asia Pacific such as China, Japan, and India will be dominating the market scenario mainly due to the rising constructional activities. The growth of Asia-Pacific region is expected to be followed by the Middle East and North America. Also, significant growth is expected from Western Europe owing to the developments taking place in this region especially in countries such as Italy, Germany, the U.K, France, and Spain. However, growth in Africa, Latin America, and Eastern Europe is anticipated to be moderate over the forecast period.

SAP SE, BigchainDB, BTL Group Limited, Deloitte, Grid+, Infosys, Microsoft, Nodalblock, IBM, AWS, Oracle, Accenture, Power Ledger, WePower, and Lo3 Energy, Inc., among others

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