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Blockchain in Power Market Share

Report ID: GMI12496
Published Date: Dec 2024
Report Format: PDF

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Blockchain in Power Market Share

Blockchain in Power Company Market Share, 2024

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

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of blockchain in the power reached USD 2.1 Billion in 2024 and is estimated to grow at a 41.5% CAGR from 2025 to 2034, driven by the demand for peer-to-peer (P2P) energy trading.

The public segment is set to expand at a CAGR of over 42% through 2034, propelled by the increasing demand for transparency in energy transactions.

The U.S. market is anticipated to cross USD 7.5 Billion by 2034, led by government and regulatory promotions of innovative technologies to modernize the power sector.

The key players in the industry include ACCIONA, ConsenSys, Electron, Greeneum, IBM, Infosys Limited, LO3 Energy, Power Ledger, SAP, and SunContract.