PUBLISHER: IMARC | PRODUCT CODE: 1422987
PUBLISHER: IMARC | PRODUCT CODE: 1422987
Blockchain in Energy Market Report by Component, Type, Application, End User, and Region 2024-2032
Abstract
The global blockchain in energy market size reached US$ 1,313.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 20,157.8 Million by 2032, exhibiting a growth rate (CAGR) of 34.38% during 2024-2032.
Blockchain in energy refers to a technology that enables energy distribution and facilitates transactions between generators and consumers. It includes distributed, replicated, and shared ledgers that securely store digital transactions and assets without using a central authority. Blockchain in energy is widely used for billing, automation, sharing resources, trading, smart contracts, and digital identity. It is also used to manage grids, government risk and compliance, supply chain, and energy certificates. Blockchain in energy improves visibility, increases operating efficiencies, and streamlines regulatory reporting. It also offers environmental sustainability, reduces costs, improves trust, increases transparency, and provides enhanced control and security.
Blockchain in Energy Market Trends:
The rising adoption of smart grids for energy distribution is one of the primary factors driving the market growth. Blockchain is widely used in smart grids to improve functionality, prevent failure, protect privacy, and manage transactions through smart contracts due to its decentralization, transparency, fault tolerance, and strong security. In addition, increasing demand for blockchain technology due to the rising installation of smart meters to manage data, offer traceability, enable automated billing, and prevent unauthorized access is acting as another growth-inducing factor. Furthermore, the rising adoption of renewable energy sources is facilitating the employment of blockchain to manage distribution and provide real-time validation of the energy source through certificates, which, in turn, is impelling the market growth. Apart from this, the widespread utilization of blockchain to enable peer-to-peer energy trading, allowing users to buy and sell power directly amongst each other through a secure ledger, is positively influencing the market growth. Moreover, the increasing adoption of blockchain in the oil and gas industry to provide privacy, reduce settlement delays, and protect trade secrets is propelling the market growth. Other factors, including the rising adoption of distributed energy systems, implementation of various government initiatives promoting electricity saving, and increasing adoption of blockchain for electric vehicle (EV) charging and energy sharing, are anticipated to drive market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global blockchain in energy market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, type, application and end user.
Breakup by Component:
Platform
Services
Breakup by Type:
Private
Public
Breakup by Application:
Peer-To-Peer Transaction
Grid Transactions
Energy Financing
Electric Vehicle
Sustainability Attribution
Others
Breakup by End User:
Power
Oil and Gas
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ConsenSys, Energy Web, Greeneum, International Business Machines Corporation, Ondiflo and Power Ledger Pty Ltd.
Key Questions Answered in This Report:
- How has the global blockchain in energy market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global blockchain in energy market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global blockchain in energy market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Blockchain in Energy Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Platform
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Services
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Type
- 7.1 Private
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Public
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Application
- 8.1 Peer-To-Peer Transaction
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Grid Transactions
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Energy Financing
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Electric Vehicle
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Sustainability Attribution
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by End User
- 9.1 Power
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Oil and Gas
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 ConsenSys
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 Energy Web
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Greeneum
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 International Business Machines Corporation
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 Ondiflo
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 Power Ledger Pty Ltd
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.1 ConsenSys
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report
List of Figures
- Figure 1: Global: Blockchain in Energy Market: Major Drivers and Challenges
- Figure 2: Global: Blockchain in Energy Market: Sales Value (in Million US$), 2018-2023
- Figure 3: Global: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 4: Global: Blockchain in Energy Market: Breakup by Component (in %), 2023
- Figure 5: Global: Blockchain in Energy Market: Breakup by Type (in %), 2023
- Figure 6: Global: Blockchain in Energy Market: Breakup by Application (in %), 2023
- Figure 7: Global: Blockchain in Energy Market: Breakup by End User (in %), 2023
- Figure 8: Global: Blockchain in Energy Market: Breakup by Region (in %), 2023
- Figure 9: Global: Blockchain in Energy (Platform) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Blockchain in Energy (Platform) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Blockchain in Energy (Services) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Blockchain in Energy (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Blockchain in Energy (Private) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Blockchain in Energy (Private) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Blockchain in Energy (Public) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Blockchain in Energy (Public) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Blockchain in Energy (Peer-To-Peer Transaction) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Blockchain in Energy (Peer-To-Peer Transaction) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Blockchain in Energy (Grid Transactions) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Blockchain in Energy (Grid Transactions) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Blockchain in Energy (Energy Financing) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Blockchain in Energy (Energy Financing) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Blockchain in Energy (Electric Vehicle) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Blockchain in Energy (Electric Vehicle) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Global: Blockchain in Energy (Sustainability Attribution) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Global: Blockchain in Energy (Sustainability Attribution) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Global: Blockchain in Energy (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Global: Blockchain in Energy (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Global: Blockchain in Energy (Power) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Global: Blockchain in Energy (Power) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Global: Blockchain in Energy (Oil and Gas) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Global: Blockchain in Energy (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: North America: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: North America: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: United States: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: United States: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Canada: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Canada: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Asia-Pacific: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Asia-Pacific: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: China: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: China: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Japan: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Japan: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: India: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: India: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: South Korea: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: South Korea: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Australia: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Australia: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: Indonesia: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: Indonesia: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Others: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Others: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Europe: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Europe: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Germany: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Germany: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: France: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: France: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: United Kingdom: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: United Kingdom: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Italy: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Italy: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Spain: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Spain: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Russia: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Russia: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Others: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Others: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Latin America: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Latin America: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Brazil: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 74: Brazil: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Mexico: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 76: Mexico: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: Others: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 78: Others: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 79: Middle East and Africa: Blockchain in Energy Market: Sales Value (in Million US$), 2018 & 2023
- Figure 80: Middle East and Africa: Blockchain in Energy Market: Breakup by Country (in %), 2023
- Figure 81: Middle East and Africa: Blockchain in Energy Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 82: Global: Blockchain in Energy Industry: SWOT Analysis
- Figure 83: Global: Blockchain in Energy Industry: Value Chain Analysis
- Figure 84: Global: Blockchain in Energy Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Blockchain in Energy Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Blockchain in Energy Market Forecast: Breakup by Component (in Million US$), 2024-2032
- Table 3: Global: Blockchain in Energy Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 4: Global: Blockchain in Energy Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 5: Global: Blockchain in Energy Market Forecast: Breakup by End User (in Million US$), 2024-2032
- Table 6: Global: Blockchain in Energy Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 7: Global: Blockchain in Energy Market: Competitive Structure
- Table 8: Global: Blockchain in Energy Market: Key Players
