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Blockchain in Energy Market
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Blockchain in Energy Market

Author: Chandra Mohan - Sr. Industry Consultant, Report ID - DS2408003, Published - December 2024

Segmented in Source Type (Renewable, Non-renewable), Technology Use (Smart Contracts, Energy Trading, Grid Management), Application, End-Users and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Blockchain in Energy Market Outlook

The energy industry is seeing a shift with the emergence of Blockchain technology in energy distribution and management practices that are now considered revolutionary due to its secure and transparent nature along, with its decentralized structure. The market, for Blockchain in energy was estimated at $6.9 billion in 2024. It is anticipated to increase to $218.3 billion by 2030 with projections indicating a growth to around $3884.8 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 77.84708877% over the forecast period.


Amid the rise of the energy industry and the integration of smart grid technologies into our energy systems today lies a promising solution. Blockchain in Energy that promises improved efficiency levels and cost savings by cutting out middlemen, from the equation.


Market Size Forecast & Key Insights

2019
$6.9B2024
2029
$2.2T2034

Absolute Growth Opportunity = $2.2T

The Blockchain in Energy market is projected to grow from $6.9 billion in 2024 to $2.18 trillion in 2034. This represents a CAGR of 77.84708877%, reflecting rising demand across Energy Trading and Peer-to-Peer Energy Markets, Green Certificates & Renewable Energy Source Authentication and Grid Management & Infrastructure Stability.

The Blockchain in Energy market is set to add $2.2 trillion between 2024 and 2034, with service providers targeting Energy Trading & Grid Management Technology Use projected to gain a larger market share.

With Increasing renewable energy trading, and Heightened need for grid security, Blockchain in Energy market to expand 31557% between 2024 and 2034.

Opportunities in the Blockchain in Energy Market

Enhancing Security and Transparency in Energy Transactions

The energy market is evolving towards decentralized networks where blockchain technology can play a crucial role in ensuring security and transparency by verifying transactions and preventing fraud while cutting down on administrative expenses. This evolution might enhance trust and credibility, within energy markets. Result in smoother and more dependable operations.

Blockchain-enabled Green Energy Trading and Decentralization of Energy Systems

The growing focus on energy options provides a significant opening for incorporating blockchain technology into the energy sector market dynamics. This enables the development of platforms that enable people to exchange surplus energy produced by panels or wind turbines, with their neighbors or energy providers directly aiding in the promotion of environmentally friendly power sources.

By incorporating technology into the mix of things one can enable the decentralization of energy systems which opens up the possibility for individuals to create microgrids and generate their own energy independently. This has the potential to greatly democratize how energy is distributed and used lessening reliance, on utility firms and conventional grids.

Growth Opportunities in North America and Europe

Europe Outlook

In Europes energy market related to blockchain technology is seeing expansion with Germany and the UK leading the way in this trend. The regions growing focus on innovation and the governments active involvement in creating smart cities are positive signs for market development. Though facing competition from other players in the field the market shows promising chances for growth especially in blending renewable energy sources and upgrading grid systems. The rising preference for eco energy solutions in the region presents fresh opportunities, for implementing blockchain technology in the energy industry.

North America Outlook

In North America the blockchain in energy market is dominated by the U. S. thanks to the presence of industry players and the regions advanced technological infrastructure with a high uptake of innovative technologies playing a key role in its market position. Despite this outlook for the industry in North America there are challenges ahead due to fierce competition among companies and regulatory variations that could hinder growth to some degree. Nevertheless ongoing advancements by industry players and increasing focus towards renewable energy sources are creating unexplored avenues, for growth and development.

North America Outlook

In North America the blockchain in energy market is dominated by the U. S. thanks to the presence of industry players and the regions advanced technological infrastructure with a high uptake of innovative technologies playing a key role in its market position. Despite this outlook for the industry in North America there are challenges ahead due to fierce competition among companies and regulatory variations that could hinder growth to some degree. Nevertheless ongoing advancements by industry players and increasing focus towards renewable energy sources are creating unexplored avenues, for growth and development.

Europe Outlook

In Europes energy market related to blockchain technology is seeing expansion with Germany and the UK leading the way in this trend. The regions growing focus on innovation and the governments active involvement in creating smart cities are positive signs for market development. Though facing competition from other players in the field the market shows promising chances for growth especially in blending renewable energy sources and upgrading grid systems. The rising preference for eco energy solutions in the region presents fresh opportunities, for implementing blockchain technology in the energy industry.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : United States, China, Germany, United Kingdom, Australia are expected to grow at 74.7% to 109.0% CAGR

2

Emerging Markets : United Arab Emirates, South Africa, Brazil are expected to grow at 58.4% to 81.0% CAGR

Market Analysis Chart

The energy sector is embracing technology mainly because it can boost efficiency in operations by automating tasks and cutting down the time and effort needed for daily work processes. With blockchains secure digital recordkeeping systems in place that safeguard data integrity and minimize the risk of fraud. Crucial in an industry, like energy where complex transactions are frequent.

Recent Developments and Technological Advancement

January 2024

Power Ledger entered the market with its blockchain powered energy trading platform that provides residents with peer, to peer energy trading solutions.

April 2024

Enosi introduced a decentralized energy exchange platform that enables small energy producers to directly sell their surplus power to consumers in the market.

August 2024

IBM and Energy Web have collaborated to create a blockchain powered platform designed to monitor carbon credits usage. This initiative showcases the role of technology, in encouraging eco friendly energy practices.

Lately there has been an increasing need for transparency and reliability in energy dealings which has prompted the integration of technology in the energy industry resulting in significant advancements in the market landscape of energy transactions involving peer to peer energy trading as well as electric vehicle charging and payments along, with renewable energy certificates and grid management.

Impact of Industry Transitions on the Blockchain in Energy Market

As a core segment of the E&P Technology industry, the Blockchain in Energy market develops in line with broader industry shifts. Over recent years, transitions such as Transition Towards Decentralization and Emergence of Green Energy Trading Platforms have redefined priorities across the E&P Technology sector, influencing how the Blockchain in Energy market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Transition Towards Decentralization:

A significant change happening in the Energy Blockchain market is the move, towards decentralization using technology enables energy to be generated and exchanged directly between peers without relying on middlemen companies or organizations This decentralized approach has the potential to democratize energy markets by giving more power to individuals and smaller players encouraging increased competition and innovation

2

Emergence of Green Energy Trading Platforms:

A notable shift is evident in the emergence of eco energy exchange platforms driven by blockchain technology that enable the direct trading of sustainable energy, between producers and consumers.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the E&P Technology industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the E&P Technology industry cascade into the Blockchain in Energy market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Increasing Renewable Energy Trading, and Decentralization of Energy Systems

As a growing market sector focusing on trading energy sources such as wind or solar power could also significantly gain advantages from blockchain technologys enhanced transparency and security features as well as its efficiency improvements. The use of blockchain in Energy markets can also also enable peer to peer energy trading transactions. Establish a new decentralized approach, to energy trade.
In todays world of energy consumption and production trends are also shifting towards a decentralized approach where consumers are also becoming producers themselves. Often referred to as prosumers.
The rise in energy grid security concerns has also led to the emergence of technology as a viable solution due to its decentralized structure and sophisticated encryption methods. As smart grids and Internet of Things (IoT) devices become more prevalent in energy networks the vulnerability to cyber attacks has also also grown significantly. This underscores the importance of implementing energy transaction systems, which in turn is also driving the rapid expansion and interest in Blockchain, within the Energy market.

Restraint: Lack of Regulatory Framework

The energy sectors use of Blockchain technology still faces challenges due to the lack of an accepted regulatory framework globally which hinders its widespread adoption. The absence of laws and regulations for Blockchain poses risks and uncertainties for both parties involved in energy transactions using this technology. Aspects, like ownership rights validation of transactions and cross border exchanges present complications that deter many interested parties from fully embracing this innovative approach resultantly slowing down market expansion.

Challenge: Technological Challenges

Challenges in technology are holding back its widespread adoption in the energy market growth due to technical barriers like scalability limitations and concerns, about data privacy and transaction speed.

Supply Chain Landscape

Blockchain Development

IBM

Microsoft

Hardware Provisioning

Intel

AMD

Energy Sector Integration
Siemens / General Electric
End-user Application
Power Ledger / LO3 Energy
Blockchain Development

IBM

Microsoft

Hardware Provisioning

Intel

AMD

Energy Sector Integration

Siemens

General Electric

End-user Application

Power Ledger

LO3 Energy

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Leading Providers and Their Strategies

Application AreaIndustryLeading ProvidersProvider Strategies
Grid Management
Energy
Power Ledger, LO3 Energy
Leverage blockchain technology to provide decentralized and transparent energy transfer
Peer-to-Peer Energy Trading
Renewable Energy
WePower, Grid+
Encourage use of renewable sources by enabling peer-to-peer energy trading via blockchain, offering consumers a choice of energy source and lower prices
Electric Vehicle Charging
Automotive & Energy
Electron, Share&Charge
Utilize blockchain for secure, decentralized EV charging infrastructure, enabling real-time balance settlement and opening up possibilities for grid integration
Carbon Credits
Environment & Energy
IBM, Veridium
Use blockchain to digitalize, trade and track carbon credits, making carbon accounting more transparent and reliable

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Blockchain in Energy market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Blockchain in Energy in Green Certificates & Renewable Energy Source Authentication, Energy Trading and Peer-to-Peer Energy Markets and Grid Management & Infrastructure Stability

Green Certificates & Renewable Energy Source Authentication

Green certificates are also referred to as Energy Certificates (RECs) and act as evidence that energy is produced from sustainable sources. Blockchain technology guarantees the legitimacy of these certificates. Avoids duplicate counts by providing a dependable system for verifying and monitoring renewable energy production. Power Ledger and WePower have played a role, in implementing blockchain technology within this industry.

Energy Trading and Peer-to-Peer Energy Markets

Blockchain technology has revolutionized energy trading by allowing consumers to engage in energy exchanges with one another through decentralized networks. A move towards democratizing the energy market landscape for everyone involved. This system prides itself for its transparency and swift settlement processes. Factors that play a role in its effectiveness. Market leaders like Power Ledger and LO Energy have paved the way in enabling streamlined energy trading experiences, for users worldwide.

Grid Management & Infrastructure Stability

By incorporating technology into their operations energy companies now have the ability to effectively oversee grid stability by dispersing the responsibilities of grid management among multiple entities. The unchangeable and transparent nature of blockchain allows for communication among different components of the grid network to ensure efficient load distribution and optimization of demand response. Prominent organizations such as Electron and Grid Singularity are, at the forefront of developing cutting edge solutions tailored for decentralized grid setups.

Blockchain in Energy vs. Substitutes:
Performance and Positioning Analysis

The use of technology in the energy sector offers increased transparency and security compared to conventional energy systems and digital solutions alike. This technology stands out in the market due, to its ability to decentralize energy markets. Is expected to see significant growth as businesses shift towards more sustainable practices.

Blockchain in Energy
  • Energy Web Chain /
  • IOTA /
  • Power Ledger
    Increased transparency, Enhanced security and trust
    High-energy consumption, Integration difficulties with existing systems
    High transparency, improved efficiency in transactions and recording
    Dependence on internet, lack of regulatory framework

Blockchain in Energy vs. Substitutes:
Performance and Positioning Analysis

Blockchain in Energy

  • Increased transparency, Enhanced security and trust
  • High-energy consumption, Integration difficulties with existing systems

Energy Web Chain / IOTA / Power Ledger

  • High transparency, improved efficiency in transactions and recording
  • Dependence on internet, lack of regulatory framework

The use of technology in the energy sector offers increased transparency and security compared to conventional energy systems and digital solutions alike. This technology stands out in the market due, to its ability to decentralize energy markets. Is expected to see significant growth as businesses shift towards more sustainable practices.

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Research Methodology

This market research methodology defines the Blockchain in Energy market scope, captures reliable data, and validates findings through integrated primary and secondary research. The framework ensures accurate market sizing, demand-supply analysis, and competitive benchmarking specific to service-driven business models.


Secondary Research Approach


We begin secondary research by defining the targeted market at both global and regional levels. Positioned within the E&P Technology ecosystem, we analyze Blockchain in Energy adoption across Residential, Commercial, and Industrial Applications. Data is systematically collected from Professional Associations, Industry-specific Service Registries, company annual reports, country level ministerial sources and other credential sources, enabling detailed mapping of service delivery models, pricing structures, regulatory compliance, and technology enablers.


Key Sources Referenced:

Statistical Review of World Energy - Energy Institute

EIA / EIA STEO / IEA

JODI data

UN Data

IRENA - Renewable Energy

JRC - Europe Power Plants

US Power Sector - Form 860

Annual Reports / Industry Magazines / Country Level Ministerial Sources

We benchmark service providers such as IBM Corporation, Microsoft Corporation, and Accenture PLC, using industry databases, client case studies, annual reports, and partnership disclosures. This secondary research identifies market drivers and constraints, providing the foundation for validation through primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Blockchain Development, Hardware Provisioning, and Energy Sector Integration. Our geographic coverage spans Americas (45%), Europe (30%), and Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally secure a 70% response rate, while in-depth interviews achieve 84% engagement, ensuring a 91% confidence level with ±8.5% margin of error.


Through targeted questionnaires and in-depth interviews, we capture customer satisfaction, vendor selection criteria, service delivery effectiveness, outsourcing vs in-house trade-offs, and post-service value realization. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering and Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down and Bottom-up Process


In the Top-down approach, we disaggregate the global E&P Technology revenues to estimate the Blockchain in Energy segment, guided by enterprise spending, outsourcing penetration, and service intensity ratios. In the Bottom-up approach, we aggregate project-level, contract-level, and client-spending data at the country and industry levels to construct detailed adoption models. By reconciling both methods, we ensure forecast accuracy and statistical robustness.


We evaluate the service value chain, covering Blockchain Development (IBM, Microsoft), Hardware Provisioning (Intel, AMD), and Energy Sector Integration. Our parallel substitute analysis examines alternative models such as Energy Web Chain, IOTA, and Power Ledger, highlighting diversification opportunities and competitive risks.


Company Market Share and Benchmarking


We benchmark leading service providers such as IBM Corporation, Microsoft Corporation, and Accenture PLC, evaluating their strengths in workforce capacity, global delivery centers, client engagement models, pricing competitiveness, and digital transformation capabilities. By analyzing company revenues, service portfolios, and client contracts, we derive comparative market shares, competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, contract analysis, and company benchmarking, supported by our proprietary Directional Superposition methodology, ensures us precise forecasts and actionable strategic insights into the Blockchain in Energy market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Blockchain in Energy Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 12.3 billion
Revenue Forecast in 2034USD 2.18 trillion
Growth RateCAGR of 77.84708877% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 20246.9 billion
Growth OpportunityUSD 2.2 trillion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 20246.9 billion USD
Market Size 202738.8 billion USD
Market Size 2029122 billion USD
Market Size 2030218 billion USD
Market Size 20342.18 trillion USD
Market Size 20353.88 trillion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredSource Type, Technology Use, Application, End-Users
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledIBM Corporation, Microsoft Corporation, Accenture PLC, Deloitte Touche Tohmatsu Limited, Energy Web Foundation, Grid Singularity, Power Ledger Pty Ltd, WePower Network, LO3 Energy, Electron, ConsenSys AG and Drift Marketplace Inc
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Blockchain in Energy Market Size, Opportunities & Strategic Insights, by Source Type

4.1Renewable
4.2Non-renewable
Chapter 5

Blockchain in Energy Market Size, Opportunities & Strategic Insights, by Technology Use

5.1Smart Contracts
5.2Energy Trading
5.3Grid Management
Chapter 6

Blockchain in Energy Market Size, Opportunities & Strategic Insights, by Application

6.1Power
6.2Oil and Gas
Chapter 7

Blockchain in Energy Market Size, Opportunities & Strategic Insights, by End-Users

7.1Residential
7.2Commercial
7.3Industrial
Chapter 8

Blockchain in Energy Market, by Region

8.1North America Blockchain in Energy Market Size, Opportunities, Key Trends & Strategic Insights
8.1.1U.S.
8.1.2Canada
8.2Europe Blockchain in Energy Market Size, Opportunities, Key Trends & Strategic Insights
8.2.1Germany
8.2.2France
8.2.3UK
8.2.4Italy
8.2.5The Netherlands
8.2.6Rest of EU
8.3Asia Pacific Blockchain in Energy Market Size, Opportunities, Key Trends & Strategic Insights
8.3.1China
8.3.2Japan
8.3.3South Korea
8.3.4India
8.3.5Australia
8.3.6Thailand
8.3.7Rest of APAC
8.4Middle East & Africa Blockchain in Energy Market Size, Opportunities, Key Trends & Strategic Insights
8.4.1Saudi Arabia
8.4.2United Arab Emirates
8.4.3South Africa
8.4.4Rest of MEA
8.5Latin America Blockchain in Energy Market Size, Opportunities, Key Trends & Strategic Insights
8.5.1Brazil
8.5.2Mexico
8.5.3Rest of LA
8.6CIS Blockchain in Energy Market Size, Opportunities, Key Trends & Strategic Insights
8.6.1Russia
8.6.2Rest of CIS
Chapter 9

Competitive Landscape

9.1Competitive Dashboard & Market Share Analysis
9.2Company Profiles (Overview, Financials, Developments, SWOT)
9.2.1IBM Corporation
9.2.2Microsoft Corporation
9.2.3Accenture PLC
9.2.4Deloitte Touche Tohmatsu Limited
9.2.5Energy Web Foundation
9.2.6Grid Singularity
9.2.7Power Ledger Pty Ltd
9.2.8WePower Network
9.2.9LO3 Energy
9.2.10Electron
9.2.11ConsenSys AG
9.2.12Drift Marketplace Inc