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Blockchain in Energy Market Report by Component, Type, Application, End User, and Region 2024-2032

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    Report

  • 140 Pages
  • January 2024
  • Region: Global
  • IMARC Group
  • ID: 5936298
Description Jump to:
The global blockchain in energy market size reached US$ 1,313.9 million in 2023. The market is projected to reach US$ 20,157.8 million by 2032, exhibiting a growth rate (CAGR) of 35.45% during 2023-2032.

Blockchain in energy refers to a technology that enables energy distribution and facilitates transactions between generators and consumers. It includes distributed, replicated, and shared ledgers that securely store digital transactions and assets without using a central authority. Blockchain in energy is widely used for billing, automation, sharing resources, trading, smart contracts, and digital identity. It is also used to manage grids, government risk and compliance, supply chain, and energy certificates. Blockchain in energy improves visibility, increases operating efficiencies, and streamlines regulatory reporting. It also offers environmental sustainability, reduces costs, improves trust, increases transparency, and provides enhanced control and security.

Blockchain in Energy Market Trends

The rising adoption of smart grids for energy distribution is one of the primary factors driving the market growth. Blockchain is widely used in smart grids to improve functionality, prevent failure, protect privacy, and manage transactions through smart contracts due to its decentralization, transparency, fault tolerance, and strong security. In addition, increasing demand for blockchain technology due to the rising installation of smart meters to manage data, offer traceability, enable automated billing, and prevent unauthorized access is acting as another growth-inducing factor. Furthermore, the rising adoption of renewable energy sources is facilitating the employment of blockchain to manage distribution and provide real-time validation of the energy source through certificates, which, in turn, is impelling the market growth. Apart from this, the widespread utilization of blockchain to enable peer-to-peer energy trading, allowing users to buy and sell power directly amongst each other through a secure ledger, is positively influencing the market growth. Moreover, the increasing adoption of blockchain in the oil and gas industry to provide privacy, reduce settlement delays, and protect trade secrets is propelling the market growth. Other factors, including the rising adoption of distributed energy systems, implementation of various government initiatives promoting electricity saving, and increasing adoption of blockchain for electric vehicle (EV) charging and energy sharing, are anticipated to drive market growth.

Key Market Segmentation:

The report provides an analysis of the key trends in each sub-segment of the global blockchain in energy market report, along with forecasts at the global, regional and country level from 2023-2032. The report has categorized the market based on component, type, application and end user.

Breakup by Component:

  • Platform
  • Services

Breakup by Type:

  • Private
  • Public

Breakup by Application:

  • Peer-To-Peer Transaction
  • Grid Transactions
  • Energy Financing
  • Electric Vehicle
  • Sustainability Attribution
  • Others

Breakup by End User:

  • Power
  • Oil and Gas

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

  • The competitive landscape of the industry has also been examined along with the profiles of the key players being ConsenSys, Energy Web, Greeneum, International Business Machines Corporation, Ondiflo and Power Ledger Pty Ltd.

Key Questions Answered in This Report:

  • How has the global blockchain in energy market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global blockchain in energy market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global blockchain in energy market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Blockchain in Energy Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Platform
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Type
7.1 Private
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Public
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Peer-To-Peer Transaction
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Grid Transactions
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Energy Financing
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Electric Vehicle
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Sustainability Attribution
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by End User
9.1 Power
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Oil and Gas
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 ConsenSys
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Energy Web
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Greeneum
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 International Business Machines Corporation
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Ondiflo
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Power Ledger Pty Ltd
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
List of Figures
Figure 1: Global: Blockchain in Energy Market: Major Drivers and Challenges
Figure 2: Global: Blockchain in Energy Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 4: Global: Blockchain in Energy Market: Breakup by Component (in %), 2023
Figure 5: Global: Blockchain in Energy Market: Breakup by Type (in %), 2023
Figure 6: Global: Blockchain in Energy Market: Breakup by Application (in %), 2023
Figure 7: Global: Blockchain in Energy Market: Breakup by End User (in %), 2023
Figure 8: Global: Blockchain in Energy Market: Breakup by Region (in %), 2023
Figure 9: Global: Blockchain in Energy (Platform) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Blockchain in Energy (Platform) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Blockchain in Energy (Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Blockchain in Energy (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Blockchain in Energy (Private) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Blockchain in Energy (Private) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Blockchain in Energy (Public) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Blockchain in Energy (Public) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Blockchain in Energy (Peer-To-Peer Transaction) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Blockchain in Energy (Peer-To-Peer Transaction) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Blockchain in Energy (Grid Transactions) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Blockchain in Energy (Grid Transactions) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Blockchain in Energy (Energy Financing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Blockchain in Energy (Energy Financing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Blockchain in Energy (Electric Vehicle) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Blockchain in Energy (Electric Vehicle) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Blockchain in Energy (Sustainability Attribution) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Blockchain in Energy (Sustainability Attribution) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Blockchain in Energy (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Blockchain in Energy (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Blockchain in Energy (Power) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Blockchain in Energy (Power) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Blockchain in Energy (Oil and Gas) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Blockchain in Energy (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: North America: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: North America: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: United States: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: United States: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Canada: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Canada: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Asia-Pacific: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Asia-Pacific: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: China: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: China: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Japan: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Japan: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: India: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: India: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: South Korea: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: South Korea: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Australia: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Australia: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Indonesia: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Indonesia: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Others: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Others: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Europe: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Europe: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Germany: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Germany: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: France: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: France: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: United Kingdom: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: United Kingdom: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Italy: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Italy: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Spain: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Spain: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Russia: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Russia: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Others: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Others: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Latin America: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Latin America: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Brazil: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Brazil: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Mexico: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Mexico: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Others: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Others: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Middle East and Africa: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Middle East and Africa: Blockchain in Energy Market: Breakup by Country (in %), 2023
Figure 81: Middle East and Africa: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Global: Blockchain in Energy Industry: SWOT Analysis
Figure 83: Global: Blockchain in Energy Industry: Value Chain Analysis
Figure 84: Global: Blockchain in Energy Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Blockchain in Energy Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Blockchain in Energy Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Blockchain in Energy Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 4: Global: Blockchain in Energy Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Blockchain in Energy Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 6: Global: Blockchain in Energy Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Blockchain in Energy Market: Competitive Structure
Table 8: Global: Blockchain in Energy Market: Key Players

Companies Mentioned

  • ConsenSys
  • Energy Web
  • Greeneum
  • International Business Machines Corporation
  • Ondiflo and Power Ledger Pty Ltd.

Methodology

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Table Information

Report AttributeDetails
No. of Pages140
PublishedJanuary 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 1.31 Billion
Forecasted Market Value ( USD ) by 2032 $ 20.15 Billion
Compound Annual Growth Rate35.4%
Regions CoveredGlobal
No. of Companies Mentioned5

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