The blockchain in energy market is anticipated to expand at a CAGR of 71.5% from 2025 to 2031. The expanding use of decentralized and renewable energy sources, such as wind turbines, solar panels, and microgrids, is expected to complement the global blockchain in the energy sector.
Blockchain technology can reduce the risk of illegal activity, improve the efficiency of energy trade and billing systems, and promote a decentralized and sustainable energy ecosystem. Blockchain technology can verify and track the authenticity of renewable energy certificates and carbon credits, boosting the adoption of sustainable energy sources while reducing greenhouse gas emissions.
The scope of the blockchain in energy market report is primarily divided into five regions - North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific (APAC) North America is experiencing rapid growth and is anticipated to hold a significant blockchain in energy market share. This is because countries such as the US, Mexico, and Canada are working to raise awareness among their citizens about the benefits of using technology. Even the government is taking steps to promote the benefits and ensure that their citizens use the new technologies. Moreover, government agencies are providing cash to implement blockchain technology to secure energy systems. For example, the US Department of Energy (DOE) has awarded TFA Labs about US $ 200,000 in financing to help safeguard the national power system.
The regional trends and factors influencing the Blockchain in Energy Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Blockchain in Energy Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ XX million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2025 - 2031) | 71.5% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Blockchain in Energy Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Blockchain in Energy Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The "Blockchain In Energy Market Analysis" was carried out based on component, application, end user, and geography. Based on the component, the blockchain in the energy market is segmented into platforms and services. In terms of application, the market is segmented into energy trading, grid management, supply chain management, payment schemes, and government risk & compliance management. Based on end user, the market is segmented into power and oil & gas. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Companies adopt inorganic and organic strategies such as mergers and acquisitions in the blockchain energy market. The blockchain in energy market forecast can help stakeholders plan their growth strategies. A few recent key market developments are listed below:
[Source: Indi EV, Company Website]
[Source: DIC Corporation, Company Website]
The market report on “Blockchain in Energy Market Size and Forecast (2021–2031)”, provides a detailed analysis of the market covering below areas-
The key players holding majority shares in the global blockchain in energy market are Accenture plc., Acciona, S.A., BigchainDB GmbH, ConsenSys AG, and Deloitte.
Innovation across international trade and supply chain is anticipated to play a significant role in the global blockchain in energy market in the coming years.
The global blockchain in energy market is expected to grow at a CAGR of 71.5% during the forecast period 2023 - 2031.
Increased adoption of decentralized and renewable energy sources and growing security concerns across the globe are the major factors that propel the global blockchain in energy market.