Blockchain in Power Market Size

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.

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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.