Home > Media & Technology > Next Generation Technologies > Blockchain and Cryptocurrency > Blockchain in Energy Market

Blockchain in Energy Market Size

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

Download Free Sample

Blockchain in Energy Market Size

The global blockchain in energy market was valued at USD 3.1 billion in 2024 and is estimated to grow at a CAGR of 43.7% from 2025 to 2034. It refers to the application of distributed ledger technology to optimize, secure, and decentralize energy systems. It enables transparent and tamper-proof record-keeping of energy transactions, such as peer-to-peer energy trading, renewable energy certificates (RECs), carbon credits, and grid management. Blockchain enhances operational efficiency, reduces intermediaries, and fosters innovation in renewable energy integration, energy storage, and decentralized energy networks.

Blockchain in Energy Market

To get key market trends

Download Free Sample

Increasing digitization of energy systems and the rising adoption of smart meters globally will boost product adoption. Additionally, the expansion of renewable energy sources (RES), spurred by energy sector privatization and government efforts in electricity conservation will further bolster blockchain adoption in energy management. These advancements facilitate efficient energy tracking, improved grid reliability, and streamlined operations, encouraging widespread product integration.

Blockchain in Energy Market Report Attributes
Report Attribute	Details
Base Year:	2024
Blockchain in Energy Market Size in 2024:	USD 3.1 Billion
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	43.7%
2034 Value Projection:	USD 103.4 Billion
Historical Data for:	2021 – 2024
No. of Pages:	60
Tables, Charts & Figures:	25
Segments covered:	Category, Application, and Region
Growth Drivers:	Rising security concerns across the globe Increased automation with data integrity and security Growth in decentralized power generation
Pitfalls & Challenges:	Uncertain regulatory landscape

Learn more about the key segments shaping this market

Download Free Sample

Growing focus on energy utilities in exploring advanced technologies to facilitate low-carbon transitions and promote sustainability will augment product adoption. Furthermore, investments in innovative applications, such as integrating solar systems with EV charging and advancing e-mobility solutions, will accelerate blockchain adoption, highlighting the sector's shift toward more efficient, transparent, and decentralized energy management systems.

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.