IMARC Group’s report titled “Blockchain in Energy Market Report by Component (Platform, Services), Type (Private, Public), Application (Peer-To-Peer Transaction, Grid Transactions, Energy Financing, Electric Vehicle, Sustainability Attribution, and Others), End User (Power, Oil and Gas), and Region 2025-2033”. The global blockchain in energy market size reached USD 1,765.7 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 25,233.4 Million by 2033, exhibiting a growth rate (CAGR) of 32.66% during 2025-2033.

Factors Affecting the Growth of the Blockchain in Energy Industry:

● Decentralization and Peer-to-Peer Trading:

Blockchain enables direct energy trading between peers, cutting out middlemen. This reduces costs and makes energy access fairer. Now, even small producers, like homeowners with solar panels, can sell excess energy to neighbors. Additionally, localized systems, or microgrids, can use blockchain to function alone or alongside the main grid. This boosts energy security and local independence.

● Efficiency and Cost Reduction

Blockchain uses smart contracts to simplify energy markets. These contracts execute automatically, with terms coded directly. They handle transactions and agreements, cutting the need for manual work and middlemen. This automation saves money by reducing administration and transaction fees. Additionally, blockchain's decentralized system lowers the need for large infrastructures and intermediaries, further cutting costs. This increased efficiency and lower expenses foster a competitive market. As a result, consumers benefit from lower prices.

● Grid Management and Stability:

Blockchain improves grid management by offering a transparent, real-time record of energy use and production. This data helps operators manage energy flows better, enhancing reliability and stability. It also aids in integrating renewable sources like solar panels and wind turbines. These are often tough to manage with traditional systems. By allowing real-time tracking, blockchain helps match energy supply with demand, reducing blackout risks and boosting grid resilience.

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Leading Companies Operating in the Global Blockchain in Energy Industry:

• ConsenSys
• Energy Web
• Greeneum
• International Business Machines Corporation
• Ondiflo and Power Ledger Pty Ltd.

Blockchain in Energy Market Report Segmentation:

By Component:

• Platform
• Services

Services represent the largest segment as they assist in improving efficiency and reducing costs.

By Type:

• Private
• Public

Public holds the biggest market share on account of the rising focus on grid management and stability.

By Application:

• Peer-To-Peer Transaction
• Grid Transactions
• Energy Financing
• Electric Vehicle
• Sustainability Attribution
• Others

Peer-to-peer transaction accounts for the largest market share due to the increasing need to enhance user experience.

By End User:

• Power
• Oil and Gas

Power exhibits a clear dominance in the market, driven by its essential role in energy production, distribution, and consumption.

Regional Insights:

• 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

Europe enjoys a leading position in the blockchain in energy market, which can be attributed to the favorable regulatory framework.

Global Blockchain in Energy Market Trends:

Blockchain technology ensures transparency and trust through its immutable ledger, where all transactions are recorded in a transparent and tamper-proof manner. This feature is crucial in the energy market, where trust and accountability are paramount. Every transaction, whether it’s an energy trading, renewable energy certificate issuance, or carbon credit trading, is verifiable and traceable in real time. This transparency reduces the potential for fraud and disputes, providing a reliable framework for all stakeholders. Blockchain can provide verifiable proof of the origin of renewable energy, making it easier to track and trade green energy certificates.

In addition, energy units can be tokenized, which enables fractional ownership and trading of energy assets.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
 

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