Blockchain in Energy Market Size, Share & Analysis Report, 2023-2032
The global blockchain in energy market size was exhibited at USD 5.09 billion in 2022 and is projected to hit around USD 1,634.39 billion by 2032, growing at a CAGR of 78.1% during the forecast period 2023 to 2032.
Key Pointers:
Blockchain in Energy Market Report Scope
|
Report Coverage |
Details |
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Market Size in 2023 |
USD 9.07 Billion |
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Market Size by 2032 |
USD 1,634.39 Billion |
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Growth Rate From 2023 to 2032 |
CAGR of 78.1% |
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Base Year |
2022 |
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Forecast Period |
2023 to 2032 |
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Segments Covered |
By Type, By Application, and By End-Use |
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Market Analysis (Terms Used) |
Value (US$ Million/Billion) or (Volume/Units) |
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Regional Scope |
North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
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Key Companies Profiled |
BigchainDB GmbH, LO3 Energy, Inc., Deloitte Touche Tohmatsu Limited, Microsoft Corporation, IBM Corporation, WePower UAB, Accenture plc, Oracle Corporation, SAP SE, Infosys Limited and Others. |
The enterprise ethereum blockchain is considered to be the next big thing in the energy sector. Blockchain can be effectively used for sustainability and energy conservation by devising new energy business models, moving carbon credits and real-time data management. The market for blockchain in energy will possibly augment owing to increased preference for decentralized power generation.
Positive outlook toward digitization of systems on account of increasing installation of smart meters across regions is set to foster the blockchain in energy market share. Decentralized energy systems along with widespread adoption of smart management & control systems to implement advanced communication is projected to complement the industry outlook. In addition, rapid development in the Renewable Energy Sources (RES) owing to privatization of the energy sector coupled with government initiatives toward electricity conservation will augment the product installation. For instance, in 2018, RES contributed 40% of the total electricity production in Germany.
Rising focus toward energy utilities in exploring the latent benefits of the technology for low-carbon transition and sustainability will stimulate the blockchain share in energy sector. Reducing dependency on fossil fuels coupled with increasing independence of local grid from outside energy sources in the long term is anticipated to drive the industry scenario. Increasing investment in numerous innovative projects ranging from solar systems for electric vehicles charging & e-mobility will further boost the product adoption.
The U.S. blockchain in energy market is projected to witness growth of over USD 400 million by 2025. Capability to transform the fundamental structure of the energy industry and microgrids to facilitate peer to peer energy trading in an immutable and secure way will encourage the product installation. For instance, the Brooklyn Microgrid was introduced in 2016 and it aims at enabling residents to buy and sell power directly amongst each other by maintaining a secure ledger of energy asset possession.
Germany is anticipated to grow at a fast pace owing to the increasing complexity of power and shifting focus toward the adoption of smart grids. As per the European Commission, presently there are 308 smart grid projects which hold an investment of USD 2.53 billion. Moreover, increasing investment from energy start-up companies along with growing funding activities will strengthen the industry landscape. Government incentives toward the adoption of renewable power generation accompanied by favourable regulatory policies to promote the technology adoption is set to augment the product installation.
Some of the prominent players in the Blockchain in Energy Market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Blockchain in Energy market.
By Type
By Application
By End-Use
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Blockchain in Energy Market
5.1. COVID-19 Landscape: Blockchain in Energy Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Blockchain in Energy Market, By Type
8.1. Blockchain in Energy Market, by Type, 2023-2032
8.1.1 Private
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Public
8.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Blockchain in Energy Market, By Application
9.1. Blockchain in Energy Market, by Application, 2023-2032
9.1.1. Sustainability Attribution
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Electric Vehicle
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Energy Financing
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Grid Transactions
9.1.4.1. Market Revenue and Forecast (2020-2032)
9.1.5. Peer-To-Peer Transaction
9.1.5.1. Market Revenue and Forecast (2020-2032)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Blockchain in Energy Market, By End-Use
10.1. Blockchain in Energy Market, by End-Use, 2023-2032
10.1.1. Power
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Oil & Gas
10.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Blockchain in Energy Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Type (2020-2032)
11.1.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Type (2020-2032)
11.1.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.4.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Type (2020-2032)
11.1.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.5.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Type (2020-2032)
11.2.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Type (2020-2032)
11.2.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.4.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Type (2020-2032)
11.2.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.5.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Type (2020-2032)
11.2.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.6.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Type (2020-2032)
11.2.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.7.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Type (2020-2032)
11.3.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Type (2020-2032)
11.3.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.4.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Type (2020-2032)
11.3.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.5.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Type (2020-2032)
11.3.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.6.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Type (2020-2032)
11.3.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.7.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Type (2020-2032)
11.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Type (2020-2032)
11.4.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.4.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Type (2020-2032)
11.4.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.5.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Type (2020-2032)
11.4.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.6.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Type (2020-2032)
11.4.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.7.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Type (2020-2032)
11.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Type (2020-2032)
11.5.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.4.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Type (2020-2032)
11.5.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.5.3. Market Revenue and Forecast, by End-Use (2020-2032)
Chapter 12. Company Profiles
12.1. BigchainDB GmbH
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. LO3 Energy, Inc.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Deloitte Touche Tohmatsu Limited
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Microsoft Corporation
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. IBM Corporation
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. WePower UAB
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Accenture plc
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Oracle Corporation
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. SAP SE
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Infosys Limited
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers