Blockchain In Energy Market set to hit $3.9 trillion by 2035, as transition towards decentralization propels transformation

Industry revenue for Blockchain In Energy is estimated to rise to $3.9 trillion by 2035 from $6.9 billion of 2024. The revenue growth of market players is expected to average at 77.8% annually for period 2024 to 2035. Blockchain in energy is critical across several key applications, including Grid Management, Peer-to-Peer Energy Trading, Electric Vehicle Charging and Carbon Credits. The report unwind growth & revenue expansion opportunities at Source Type, Technology Use, Application and End-Users with industry revenue Forecast.

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The Blockchain in energy market is characterized by intense competition, with a number of leading players such as IBM Corporation, Microsoft Corporation, Accenture PLC, Deloitte Touche Tohmatsu Limited and Energy Web Foundation. These players are pushing the boundaries of innovation & technological advancements and forging strategic partnerships to expand the existing reach of the market, thereby shaping its growth trajectory and future prospects by enlarging the total addressable market.

The Blockchain in energy market is projected to expand substantially, driven by the Increasing Renewable Energy Trading and Heightened Need for Grid Security. This growth is expected to be further supported by Industry trends like Decentralization of Energy Systems; and position the market's continued expansion to reach $218.3 billion by 2030. Moreover, the key opportunities, such as Blockchain-enabled Green Energy Trading, Decentralization of Energy Systems and enhancing security and transparency in energy transactions, are anticipated to create opportunistic revenue pockets in major demand hubs including U.S., China and Germany.

The U.S., China, Germany, UK and Australia are leading the market, driving a significant share of global demand. Businesses in these countries can expect steady revenue growth of 74.7% to 109% annually from 2024 to 2035. At the same time, UAE, South Africa and Brazil are emerging as exciting new opportunities, with fast-growing markets and evolving industry landscapes creating fresh avenues for expansion.

North America and Europe are the two most active and leading regions in the market. With challenges like Lack of Regulatory Framework and technological challenges, market Eco-System from Blockchain Development / Hardware Provisioning / Energy Sector Integration and to End-user Application is expected to evolve & expand further; and industry player’s will be pushed to make strategic shifts towards emerging markets including UAE, South Africa and Brazil for expansion of the total addressable market (TAM).

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