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Blockchain in Energy Market Size

Report ID: GMI3223
Published Date: Apr 2019
Report Format: PDF

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Blockchain in Energy Market Size

Blockchain in Energy Market size in 2018 surpassed USD 220 million and is projected to grow at more than 50% CAGR from 2019 to 2025.

The enterprise ethereum blockchain is considered to be the next big thing in the energy sector. Blockchain can be effectively used for sustainability and energy conservation by devising new energy business models, moving carbon credits and real-time data management. The market for blockchain in energy will possibly augment owing to increased preference for decentralized power generation.

Blockchain in Energy Market

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Positive outlook toward digitization of systems on account of increasing installation of smart meters across regions is set to foster the blockchain in energy market share. Decentralized energy systems along with widespread adoption of smart management & control systems to implement advanced communication is projected to complement the industry outlook. In addition, rapid development in the Renewable Energy Sources (RES) owing to privatization of the energy sector coupled with government initiatives toward electricity conservation will augment the product installation. For instance, in 2018, RES contributed 40% of the total electricity production in Germany.

Blockchain In Energy Market Report Attributes
Report Attribute	Details
Base Year:	2018
Blockchain In Energy Market Size in 2018:	220 Million (USD)
Forecast Period:	2019 to 2025
Forecast Period 2019 to 2025 CAGR:	50%
2025 Value Projection:	3 Billion (USD)
Historical Data for:	2014 to 2018
No. of Pages:	174
Tables, Charts & Figures:	189
Segments covered:	Category, Application and Region
Growth Drivers:	Growth in decentralized power generation Rising security concerns across the globe Increased automation with data integrity and security
Pitfalls & Challenges:	Lack of a common set of regulatory standards and uncertain regulatory landscape

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Rising focus toward energy utilities in exploring the latent benefits of the technology for low-carbon transition and sustainability will stimulate the blockchain share in energy sector. Reducing dependency on fossil fuels coupled with increasing independence of local grid from outside energy sources in the long term is anticipated to drive the industry scenario. Increasing investment in numerous innovative projects ranging from solar systems for electric vehicles charging & e-mobility will further boost the product adoption.

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of blockchain in energy surpassed USD 220 million in 2018.

The industry share of blockchain in energy is projected to grow at more than 50% CAGR from 2019 to 2025.

According to this research report by GMI, the U.S. market is projected to cross a valuation of USD 400 million by 2025.

Rising complexity of power and a paradigm shift towards the deployment of smart grids, in tandem with the proliferating investments from energy companies, boosting the Germany market growth.

Key industry players include Greeneum, Power Ledger, LO3 Energy, Infosys Limited, Sun Exchange, SAP, Accenture, EnergiMine, Grid Singularity, Grid+, Drift, Electron, Oracle, WePower and Conjoule.

Peer to peer application segment is set to exceed USD 800 million revenue by 2025 due to inclining focus towards power generation from RES including the solar, wind, and tide on the grounds of promoting clean energy generation and supply.