PUBLISHER: Persistence Market Research | PRODUCT CODE: 1555628
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1555628
Blockchain in the Energy Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031
Persistence Market Research has recently published an extensive report on the global Blockchain in the Energy Market. This report offers a comprehensive analysis of the key market dynamics, including drivers, trends, opportunities, and challenges, providing deep insights into the market structure.
Key Insights:
- Blockchain in Energy Market Size (2024E): USD 6.6 Bn
- Projected Market Value (2031F): USD 33.0 Bn
- Global Market Growth Rate (CAGR 2024 to 2031): 25.9%
Blockchain in the Energy Market - Report Scope:
The Blockchain in the Energy Market encompasses the application of distributed ledger technology in various segments of the energy sector. Blockchain provides a decentralized and transparent platform for energy transactions, grid management, and asset tracking, which improves operational efficiency and reduces costs. The market serves a wide array of segments, including utility providers, energy traders, grid operators, and renewable energy sources. Growth is driven by the need for more secure, transparent, and efficient energy systems, advancements in blockchain technology, and the rising adoption of renewable energy sources worldwide.
Market Growth Drivers:
Several key factors are driving the global Blockchain in the Energy Market. The rising demand for secure and efficient energy trading solutions and the decentralization of energy distribution boosts market growth. Technological advancements in blockchain, such as smart contracts and energy tokenization, have enhanced the functionality of energy grids and trading platforms. Additionally, the growing focus on renewable energy sources, such as solar and wind, encourages the use of blockchain to optimize grid management and energy distribution. Enhanced research and development activities, along with increasing partnerships between energy companies and blockchain solution providers, contribute to market growth by offering more streamlined and transparent solutions for energy management.
Market Restraints:
Despite promising growth prospects, the Blockchain in the Energy Market faces challenges related to regulatory uncertainty and the integration of blockchain with legacy energy systems. The high initial costs of blockchain implementation and the potential reluctance of traditional energy companies to adopt blockchain technology can hinder market growth. Additionally, concerns about data privacy, security, and the scalability of blockchain systems pose challenges for market expansion. Addressing these issues requires ongoing investment in research and development to improve blockchain infrastructure, ensure compliance with regulatory frameworks, and enhance interoperability with existing energy systems.
Market Opportunities:
The market presents significant opportunities driven by the increasing adoption of renewable energy sources and the rising demand for decentralized energy management solutions. The development of advanced blockchain platforms that facilitate peer-to-peer energy trading and grid optimization offers new growth avenues. The expansion of blockchain-based energy trading platforms and microgrids provides innovative ways to decentralize energy management and reduce reliance on traditional utility providers. Strategic partnerships between energy companies, blockchain solution providers, and government entities are essential for capitalizing on emerging opportunities and maintaining market leadership.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the Blockchain in the Energy Market globally?
- Which types and applications of blockchain are leading the adoption in various energy settings?
- How are technological advancements influencing the competitive landscape of the Blockchain in the Energy Market?
- Who are the key players in the Blockchain in the Energy Market, and what strategies are they employing to stay competitive?
- What are the emerging trends and future prospects in the global Blockchain in the Energy Market?
Competitive Intelligence and Business Strategy:
Leading players in the global Blockchain in the Energy Market, including IBM, LO3 Energy, and Power Ledger, focus on innovation, product differentiation, and strategic collaborations to gain a competitive edge. These companies invest in R&D to develop advanced blockchain solutions tailored to the energy sector and explore new applications of blockchain in grid management, energy trading, and renewable energy integration. Collaborations with energy companies, government entities, and technology providers facilitate market access and promote new solution adoption. Emphasis on consumer education, high-quality blockchain products, and comprehensive marketing strategies fosters market growth and enhances brand loyalty in the evolving Blockchain in the Energy Market landscape.
Key Companies Profiled:
- Accenture
- IBM
- Infosys
- SAP
- Microsoft
Blockchain in the Energy Market Industry Segmentation:
By Type:
- Private
- Public
By Form:
- Platform
- Services
By Application:
- Grid Management
- Energy Trading
- Government Risk and Compliance Market
- Payment Schemes
- Supply Chain Management
- Others
By End-use:
- Power
- Oil & Gas
By Region:
- North America
- Europe
- East Asia
- South Asia & Oceania
- Latin America
- Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Global Blockchain in Energy Market Snapshot, 2024-2031
- 1.2. Market Opportunity Assessment, 2024-2031, US$ Mn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Type Lifecycle Analysis
- 2.4. Blockchain in Energy Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
- 2.5. Porter Five Force's Analysis
- 2.6. Geopolitical Tensions: Market Impact
- 2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
- 2.8. Forecast Factors - Relevance and Impact
- 2.9. Regulatory and Technology Landscape
3. Global Blockchain in Energy Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
- 3.2. Market Size (US$ Bn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2019-2023
- 3.2.2. Current Market Size Forecast, 2019-2023
- 3.3. Global Blockchain in Energy Market Outlook: Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Type, 2019-2023
- 3.3.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Type, 2024-2031
- 3.3.3.1. Private
- 3.3.3.2. Public
- 3.4. Market Attractiveness Analysis: Type
- 3.5. Global Blockchain in Energy Market Outlook: Form
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Form, 2019-2023
- 3.5.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Form, 2024-2031
- 3.5.3.1. Platform
- 3.5.3.2. Services
- 3.6. Market Attractiveness Analysis: Form
- 3.7. Global Blockchain in Energy Market Outlook: Application
- 3.7.1. Introduction / Key Findings
- 3.7.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Application, 2019-2023
- 3.7.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 3.7.3.1. Grid Management
- 3.7.3.2. Energy Trading
- 3.7.3.3. Government Risk and Compliance Market
- 3.7.3.4. Payment Schemes
- 3.7.3.5. Supply Chain Management
- 3.7.3.6. Others
- 3.8. Market Attractiveness Analysis: Application
- 3.9. Global Blockchain in Energy Market Outlook: End-use
- 3.9.1. Introduction / Key Findings
- 3.9.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By End-use, 2019-2023
- 3.9.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By End-use, 2024-2031
- 3.9.3.1. Power
- 3.9.3.2. Oil & Gas
- 3.10. Market Attractiveness Analysis: End-use
4. Global Blockchain in Energy Market Outlook: Region
- 4.1. Key Highlights
- 4.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Region, 2019-2023
- 4.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Region, 2024-2031
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
- 4.4. Market Attractiveness Analysis: Region
5. North America Blockchain in Energy Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 5.1. Key Highlights
- 5.2. Pricing Analysis
- 5.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 5.3.1. By Country
- 5.3.2. By Type
- 5.3.3. By Form
- 5.3.4. By Application
- 5.3.5. By End-use
- 5.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 5.4.1. U.S.
- 5.4.2. Canada
- 5.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Type, 2024-2031
- 5.5.1. Private
- 5.5.2. Public
- 5.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Form, 2024-2031
- 5.6.1. Platform
- 5.6.2. Services
- 5.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 5.7.1. Grid Management
- 5.7.2. Energy Trading
- 5.7.3. Government Risk and Compliance Market
- 5.7.4. Payment Schemes
- 5.7.5. Supply Chain Management
- 5.7.6. Others
- 5.8. Current Market Size (US$ Bn) and Volume (Units) Forecast By End-use, 2024-2031
- 5.8.1. Power
- 5.8.2. Oil & Gas
- 5.9. Market Attractiveness Analysis
6. Europe Blockchain in Energy Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 6.1. Key Highlights
- 6.2. Pricing Analysis
- 6.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 6.3.1. By Country
- 6.3.2. By Type
- 6.3.3. By Form
- 6.3.4. By Application
- 6.3.5. By End-use
- 6.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkey
- 6.4.8. Rest of Europe
- 6.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Type, 2024-2031
- 6.5.1. Private
- 6.5.2. Public
- 6.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Form, 2024-2031
- 6.6.1. Platform
- 6.6.2. Services
- 6.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 6.7.1. Grid Management
- 6.7.2. Energy Trading
- 6.7.3. Government Risk and Compliance Market
- 6.7.4. Payment Schemes
- 6.7.5. Supply Chain Management
- 6.7.6. Others
- 6.8. Current Market Size (US$ Bn) and Volume (Units) Forecast By End-use, 2024-2031
- 6.8.1. Power
- 6.8.2. Oil & Gas
- 6.9. Market Attractiveness Analysis
7. East Asia Blockchain in Energy Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 7.3.1. By Country
- 7.3.2. By Type
- 7.3.3. By Form
- 7.3.4. By Application
- 7.3.5. By End-use
- 7.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
- 7.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Type, 2024-2031
- 7.5.1. Private
- 7.5.2. Public
- 7.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Form, 2024-2031
- 7.6.1. Platform
- 7.6.2. Services
- 7.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 7.7.1. Grid Management
- 7.7.2. Energy Trading
- 7.7.3. Government Risk and Compliance Market
- 7.7.4. Payment Schemes
- 7.7.5. Supply Chain Management
- 7.7.6. Others
- 7.8. Current Market Size (US$ Bn) and Volume (Units) Forecast By End-use, 2024-2031
- 7.8.1. Power
- 7.8.2. Oil & Gas
- 7.9. Market Attractiveness Analysis
8. South Asia & Oceania Blockchain in Energy Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 8.3.1. By Country
- 8.3.2. By Type
- 8.3.3. By Form
- 8.3.4. By Application
- 8.3.5. By End-use
- 8.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
- 8.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Type, 2024-2031
- 8.5.1. Private
- 8.5.2. Public
- 8.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Form, 2024-2031
- 8.6.1. Platform
- 8.6.2. Services
- 8.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 8.7.1. Grid Management
- 8.7.2. Energy Trading
- 8.7.3. Government Risk and Compliance Market
- 8.7.4. Payment Schemes
- 8.7.5. Supply Chain Management
- 8.7.6. Others
- 8.8. Current Market Size (US$ Bn) and Volume (Units) Forecast By End-use, 2024-2031
- 8.8.1. Power
- 8.8.2. Oil & Gas
- 8.9. Market Attractiveness Analysis
9. Latin America Blockchain in Energy Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 9.3.1. By Country
- 9.3.2. By Type
- 9.3.3. By Form
- 9.3.4. By Application
- 9.3.5. By End-use
- 9.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
- 9.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Type, 2024-2031
- 9.5.1. Private
- 9.5.2. Public
- 9.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Form, 2024-2031
- 9.6.1. Platform
- 9.6.2. Services
- 9.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 9.7.1. Grid Management
- 9.7.2. Energy Trading
- 9.7.3. Government Risk and Compliance Market
- 9.7.4. Payment Schemes
- 9.7.5. Supply Chain Management
- 9.7.6. Others
- 9.8. Current Market Size (US$ Bn) and Volume (Units) Forecast By End-use, 2024-2031
- 9.8.1. Power
- 9.8.2. Oil & Gas
- 9.9. Market Attractiveness Analysis
10. Middle East & Africa Blockchain in Energy Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 10.3.1. By Country
- 10.3.2. By Type
- 10.3.3. By Form
- 10.3.4. By Application
- 10.3.5. By End-use
- 10.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
- 10.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Type, 2024-2031
- 10.5.1. Private
- 10.5.2. Public
- 10.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Form, 2024-2031
- 10.6.1. Platform
- 10.6.2. Services
- 10.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 10.7.1. Grid Management
- 10.7.2. Energy Trading
- 10.7.3. Government Risk and Compliance Market
- 10.7.4. Payment Schemes
- 10.7.5. Supply Chain Management
- 10.7.6. Others
- 10.8. Current Market Size (US$ Bn) and Volume (Units) Forecast By End-use, 2024-2031
- 10.8.1. Power
- 10.8.2. Oil & Gas
- 10.9. Market Attractiveness Analysis
11. Competition Landscape
- 11.1. Market Share Analysis, 2024
- 11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Dashboard
- 11.2.3. Apparent Product Capacity
- 11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Microsoft
- 11.3.1.1. Overview
- 11.3.1.2. Segments and Product
- 11.3.1.3. Key Financials
- 11.3.1.4. Market Developments
- 11.3.1.5. Market Strategy
- 11.3.2. Accenture
- 11.3.2.1. Overview
- 11.3.2.2. Segments and Product
- 11.3.2.3. Key Financials
- 11.3.2.4. Market Developments
- 11.3.2.5. Market Strategy
- 11.3.3. IBM
- 11.3.3.1. Overview
- 11.3.3.2. Segments and Product
- 11.3.3.3. Key Financials
- 11.3.3.4. Market Developments
- 11.3.3.5. Market Strategy
- 11.3.4. Infosys
- 11.3.4.1. Overview
- 11.3.4.2. Segments and Product
- 11.3.4.3. Key Financials
- 11.3.4.4. Market Developments
- 11.3.4.5. Market Strategy
- 11.3.4.6. SAP Overview
- 11.3.4.7. Segments and Product
- 11.3.4.8. Key Financials
- 11.3.4.9. Market Developments
- 11.3.4.10. Market Strategy
- 11.3.1. Microsoft
12. Appendix
- 12.1. Research Methodology
- 12.2. Research Assumptions
- 12.3. Acronyms and Abbreviations
