Blockchain in Energy Sector: Growth Drivers and Challenges
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
|
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 |
|
Browse key industry insights with market data tables & charts from the report:
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.
