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Blockchain in Energy Market Share

Report ID: GMI3223
Published Date: Dec 2024
Report Format: PDF

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Blockchain in Energy Market Share

Eminent market players are forming strategic alliances with utilities, technology providers, and regulators to expand blockchain adoption in the energy sector. By partnering with energy sector, these players aim to scale their peer-to-peer energy trading platform and improve renewable energy integration. Major players are investing heavily in the research and development of blockchain solutions tailored for energy systems. Their focus on R&D helps them stay ahead of technological advancements and regulatory requirements.

Blockchain in Energy Market Companies

Eminent players operating in the Blockchain in Energy industry are:

Accenture
Electron
Greeneum
IBM
Infosys Limited
Kaleido
LO3 Energy
Oracle
Power Ledger
SAP
Sun Exchange
WePower

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The global blockchain in energy industry was valued at USD 3.1 billion in 2024 and is projected to reach USD 103.4 billion by 2034, driven by a CAGR of 43.7% from 2025 to 2034.

The power segment is poised to witness a CAGR exceeding 43% by 2034, driven by reduced transaction costs and heightened network transparency.

The U.S. market is projected to exceed USD 13 billion by 2034, driven by the growing adoption of distributed energy resources (DERs) and increasing renewable energy adoption in states like California and New York.

Major players in the industry include Accenture, Electron, Greeneum, IBM, Infosys Limited, Kaleido, LO3 Energy, Oracle, Power Ledger, SAP, Sun Exchange, and WePower.