Blockchain in Energy Market Trends

  • Report ID: 1402
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT

Blockchain in Energy Market Trends

Growth Drivers

  • Increasing Advancement in Technology
  • Rise in Adoption of Blockchain Technology in the Energy Sector
  • Growing Initiatives to Promote the Adoption of Blockchain

Challenges

  • Fear of Fraudulent Activities as Blockchain is Connected to Cryptocurrencies
  • Lack of Awareness Amongst End-Users

Blockchain in Energy Market: Key Insights

Regionally, the global blockchain in energy market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Europe is anticipated to garner the largest revenue of USD 11411.5 Million by the end of 2030, up from a revenue of USD 202.0 Million in the year 2020. The growth of the market in the region can primarily be attributed to the increasing emphasis of the government of nations in the region for refining energy efficiency, enhance interoperability, and encourage cross-border engagement amongst the various stakeholders that provide energy. Besides this, the European Commission has also introduced the EU Blockchain Observatory and Forum as a European Parliament pilot project, whose prime task is to monitor the blockchain initiatives in Europe, and also produce a comprehensive source of blockchain knowledge. Moreover, increasing funding initiatives to promote the adoption of the technology is also expected to drive the market growth in the region. According to the European Commission, the European Blockchain Partnership (EBP) has aimed to scale the investment fund of around USD 2.33 Billion to fully develop its European Blockchain Services Infrastructure (EBSI) platform. The market in the region is segmented by country into Germany, France, United Kingdom, Italy, Spain, Russia, Netherlands, and the Rest of Europe. Out of these, the market in Germany is anticipated to generate the largest revenue of USD 2590.4 Million by the end of 2030, up from a revenue of USD 46.6 Million in the year 2020.

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Base Year

2024

Forecast Year

2025-2037

CAGR

76.4%

Base Year Market Size (2024)

USD 1.69 billion

Forecast Year Market Size (2037)

USD 2.71 trillion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 1402
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of blockchain in energy is assessed at USD 2.79 billion.

Blockchain in Energy Market size was over USD 1.69 billion in 2024 and is projected to reach USD 2.71 trillion by 2037, witnessing around 76.4% CAGR during the forecast period i.e., between 2025-2037.

Europe industry is expected to dominate majority revenue share of 40% by 2037, attributed to increasing emphasis of the government of nations in the region for refining energy efficiency, enhance interoperability, and encourage cross-border engagement amongst the various stakeholders that provide energy.

The major players in the market are Accenture, Amazon Web Services, Inc., IBM Corporation, SAP SE, Deloitte Touche Tohmatsu Limited, Chaddenwych Services Limited (Electron), ConsenSys Software Inc., LO3 Energy, Inc., and others.
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