Blockchain in Energy Market - By Category (Private, Public), By Application (Power, Oil & Gas) and Forecast, 2025 – 2034

Blockchain in Energy Market Size

The global blockchain in energy market was valued at USD 3.1 billion in 2024 and is estimated to grow at a CAGR of 43.7% from 2025 to 2034. It refers to the application of distributed ledger technology to optimize, secure, and decentralize energy systems. It enables transparent and tamper-proof record-keeping of energy transactions, such as peer-to-peer energy trading, renewable energy certificates (RECs), carbon credits, and grid management. Blockchain enhances operational efficiency, reduces intermediaries, and fosters innovation in renewable energy integration, energy storage, and decentralized energy networks.
 

Increasing digitization of energy systems and the rising adoption of smart meters globally will boost product adoption. Additionally, the expansion of renewable energy sources (RES), spurred by energy sector privatization and government efforts in electricity conservation will further bolster blockchain adoption in energy management. These advancements facilitate efficient energy tracking, improved grid reliability, and streamlined operations, encouraging widespread product integration.
 

Growing focus on energy utilities in exploring advanced technologies to facilitate low-carbon transitions and promote sustainability will augment product adoption. Furthermore, investments in innovative applications, such as integrating solar systems with EV charging and advancing e-mobility solutions, will accelerate blockchain adoption, highlighting the sector's shift toward more efficient, transparent, and decentralized energy management systems.
 

Blockchain in Energy Market Trends

Rising privatization of energy sectors in many countries and the global push toward sustainability will foster product penetration. Additionally, increasing government and private players' investments in advanced technologies that enhance energy tracking, efficiency, and decarbonization will complement the business outlook. Growing blockchain deployment supports innovative projects in electric vehicle (EV) infrastructure, such as integrating solar-powered EV charging stations to enable automated energy payments and smart contracts for charging services leading to drive product growth.
 

Blockchain in Energy Market Analysis

Based on category the blockchain in energy industry is segmented into public and private. Private is projected to grow by more than USD 54.4 Billion by 2034 due to the need for higher security, increased speed, and enhanced control. Rising demand for technology offering enhanced security by restricting access to only authorized participants and providing greater control over sensitive data will propel product adoption in the private category. Improving shift towards transparent solutions that ensure the record of every transaction, particularly important in energy markets where compliance with regulatory requirements and sustainability goals is mandatory leading to create lucrative opportunities for the product growth.
 

Based on application, the blockchain in energy market is segmented into power and oil & gas. Power is set to grow at a CAGR of over 43% till 2034 on account of lower transaction cost in line with improved network transparency. Improving need for peer-to-peer (P2P) energy trading platforms, that allow consumers and producers to trade energy directly without intermediaries to lower transaction costs, and provide greater energy access, especially in remote or underserved areas will uplift product adoption. Additionally, rising digitalization of the power sector will propel product demand to ensure the security of sensitive information, such as grid operations and energy market data.
 

U.S. blockchain in energy market is anticipated to grow over USD 13 Billion by 2034. Growing adoption of distributed energy resources (DERs), such as solar, wind, and battery storage, will foster blockchain demand to get a secure, decentralized platform for managing these assets. Increasing renewable energy adoption in California and New York will uplift product penetration to reduce transaction costs and facilitate direct energy exchanges, benefiting both consumers and prosumers.
 

In Asia Pacific, rapid growth in renewable energy sources such as solar, wind, and hydroelectric power particularly in countries such as China, India, and Japan will improve blockchain adoption to help manage these distributed and variable energy sources by providing a secure, transparent, and efficient platform for their integration into the grid. Presence of regions with limited access to reliable energy will complement product demand to manage microgrids and decentralized energy systems.
 

Blockchain in Energy Market Share

Eminent market players are forming strategic alliances with utilities, technology providers, and regulators to expand blockchain adoption in the energy sector. By partnering with energy sector, these players aim to scale their peer-to-peer energy trading platform and improve renewable energy integration. Major players are investing heavily in the research and development of blockchain solutions tailored for energy systems. Their focus on R&D helps them stay ahead of technological advancements and regulatory requirements.
 

Blockchain in Energy Market Companies

Eminent players operating in the Blockchain in Energy industry are:

• Accenture
• Electron
• Greeneum
• IBM
• Infosys Limited
• Kaleido
• LO3 Energy
• Oracle
• Power Ledger
• SAP
• Sun Exchange
• WePower
   

Blockchain in Energy Industry News

• In April 2024, Enact Systems integrated Oracle Blockchain technology into its award-winning solar software platform. The blockchain system supports issuing Renewable Energy Certificates and carbon credits, tokenized and linked to solar system performance and verified energy output. The platform also uses smart contracts to facilitate credit sales through third-party aggregators, while savings and ROI data are recorded on the blockchain. This data is accessible via APIs integrated with the Enact App, ensuring transparency and traceability.
   
• In June 2022, Accenture, Shell, and American Express Global Business Travel have launched Avelia, a blockchain-powered digital solution for sustainable aviation fuel book-and-claim processes. This initiative is among the largest SAF pilots, offering approximately 1 million gallons of SAF, capable of supporting nearly 15,000 business flights between London and New York. Avelia aims to enhance transparency and scalability in SAF adoption for business travel.
   

Blockchain in Energy market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue and volume in “USD Million” from 2021 to 2034, for the following segments:

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Market, By Category

• Public
• Private

Market, By Application

• Power
  • Grid transactions
  • Peer to peer transactions
  • Energy financing
  • Sustainability attribution
  • Electric vehicle charging
  • Others
• Oil & gas
  • Supply chain
  • Operations
  • Trading
  • Security

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Netherlands
  • France
  • Spain
• Asia Pacific
  • China
  • Japan
  • Singapore
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Chile