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Blockchain in Energy Market Trends

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

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Blockchain in Energy Market Trends

Rising privatization of energy sectors in many countries and the global push toward sustainability will foster product penetration. Additionally, increasing government and private players' investments in advanced technologies that enhance energy tracking, efficiency, and decarbonization will complement the business outlook. Growing blockchain deployment supports innovative projects in electric vehicle (EV) infrastructure, such as integrating solar-powered EV charging stations to enable automated energy payments and smart contracts for charging services leading to drive product growth.

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.