Blockchain in Power Market Size - By Category, By Application, Growth Forecast, 2025 – 2034

Blockchain in Power Market Size

The global blockchain in the power market size was valued at USD 2.1 billion in 2024 and is estimated to grow at a CAGR of 41.5% from 2025 to 2034. In the power sector, blockchain enables direct trading between electricity producers and consumers, simplifying transactions while ensuring real-time, tamper-proof data management. It supports grid modernization by integrating renewable energy sources and enabling dynamic management of electricity flows. Blockchain also automates processes such as billing and energy settlements through smart contracts, reducing administrative overhead.
 

Increasing need for transparency in the power sector by securely recording all transactions, such as power generation and distribution will influence the technology adoption. Rising demand for peer-to-peer energy trading between power producers and consumers will accelerate the technology penetration to reduce reliance on intermediaries, enabling cost savings and creating a decentralized energy marketplace.
 

Growing adoption of advanced technology to automate the execution of PPAs through smart contracts, reducing administrative burdens and eliminating disputes will foster the business outlook. Rising adoption of decentralized grids, particularly microgrids will complement technology penetration to manage localized power generation and distribution. Furthermore, the technology also enables efficient tracking of electricity flows, real-time billing, and integration of renewable sources within microgrid systems, propelling the business landscape.
 

Blockchain in Power Market Trends

Rising risk of fraud such as energy theft or tampering with records in line increasing need for transparency in the power sector will fuel the technology adoption to securely record all transactions in a decentralized ledger. Additionally, increasing technology advancements such as automation of billing processes to minimize errors and accelerate the payment cycle, benefiting utilities and consumers alike will complement the industry growth.
 

Blockchain in Power Market Analysis

Based on application, the market is segmented into grid transactions, peer to peer transactions, energy financing, sustainability attribution, electric vehicle charging and others. The peer to peer transactions segment is projected to grow at more than USD 21 billion by 2034. Rising demand for cost-effective technologies to reduce dependence on traditional utility companies by allowing transactions directly between parties will augment the industry statistics in P2P transactions.
 

Furthermore, the technology also eliminates the need for intermediaries, lowering transaction costs, and simplifying billing processes. Increasing need for transparency and flexibility in energy transactions will further bolster the technology penetration, encouraging participation from small-scale energy producers and consumers.

Based on category, the blockchain in power market is segmented into public and private. The public segment is set to expand at a CAGR of over 42% through 2034. Increasing demand for transparency in energy transactions, particularly beneficial for public-sector entities responsible for managing power resources will stimulate the technology adoption.
 

Additionally, the technology also ensures that energy trading data, renewable energy certification, and subsidy distributions are securely tracked, minimizing fraud and improving accountability, strengthening the business outlook. Rising popularity of smart contracts built on blockchain platforms allows for automated, self-executing agreements based on predefined conditions, will further foster the technology expansion.
 

The U.S. blockchain in the power market is anticipated to cross USD 7.5 Billion by 2034. Rising promotions of innovative technologies by government and regulatory bodies to modernize the power sector will uplift blockchain adoption. Growing adoption of blockchain for peer-to-peer (P2P) energy trading in the U.S., especially in states with significant solar power capacity such as California and Hawaii will improve the business scenario. Increasing cyber threats and data breaches in the power sector will fuel the technology demand to secure critical data related to grid operations, energy transactions, and consumer interactions.
 

In Asia Pacific, rapid adoption of renewable energy, particularly solar and wind power, will drive the need for more efficient energy management systems, driving the technology penetration. Rising grid modernization efforts in countries such as China and India to accommodate a more distributed and renewable energy infrastructure will complement the technology growth.
 

Blockchain in Power Market Share

Eminent market players in the power sector are increasingly partnering with technology providers, industry peers, and public institutions to harness expertise and expedite the adoption of blockchain technology. These collaborations are aimed at creating value-driven solutions tailored to specific applications, such as supply chain management, energy trading platforms, and emissions tracking. Moreover, many leading firms are investing in innovation hubs or supporting startups focused on developing blockchain applications that cater to their operational needs. These initiatives help accelerate the implementation of blockchain solutions while fostering an ecosystem of continuous innovation.
 

Blockchain in Power Market Companies

Eminent players operating in the blockchain in power industry are:

• ACCIONA
• ConsenSys
• Electron
• Greeneum
• IBM
• Infosys Limited
• LO3 Energy
• Power Ledger
• SAP
• SunContract
   

Blockchain in Power Industry News:

• In January 2024, The Karnataka Electricity Regulatory Commission unveiled a draft policy aimed at facilitating peer-to-peer solar energy trading through blockchain technology. This move empowers electricity consumers to transition into "prosumers," enabling them to install rooftop solar systems and trade their surplus power directly with fellow.
   
• In March 2021, India's renewable energy sector has reached a milestone with the launch of a live solar energy trading project in New Delhi, led by Tata Power-DDL in collaboration with Power Ledger and the India Smart Grid Forum (ISGF). This initiative facilitates peer-to-peer trading of electricity using Power Ledger's blockchain technology. Over 2 MW of solar PV systems are integrated into the system, allowing multiple consumers in North Delhi to participate. Tata Power-DDL, a joint venture between Tata Power and the Government of NCT Delhi, spearheads the project to promote efficient energy use and renewable adoption.
   

The blockchain in power market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in “USD Billion” from 2021 to 2034, for the following segments:

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Market, By Category

• Public
• Private

Market, By Application

• Grid transactions
• Peer to peer transactions
• Energy financing
• Sustainability attribution
• Electric vehicle charging
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Netherlands
  • France
  • Spain
• Asia Pacific
  • China
  • Japan
  • Singapore
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Chile