Block Chain in the Energy Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research has conducted a thorough analysis of the Block chain in the Energy Market, culminating in a comprehensive report that extensively explores its global landscape. This detailed publication delivers valuable insights into the market's dynamics, trends, opportunities, and challenges, offering a complete overview of its structure. Supported by exclusive data and statistics, the research forecasts the projected growth trajectory of the Block chain in the Energy Market from 2023 to 2030.

The worldwide blockchain in energy market is anticipated to grow at a compound annual growth rate (CAGR) of 25.6%, reaching a projected value of US$31.73 billion by the conclusion of 2030, up from US$6.43 billion in 2023.

Key Insights:

Blockchain in Energy Market Size (2023E): US$6.43 Bn
Projected Market Value (2030F): US$31.73 Bn
Global Market Growth Rate (CAGR 2023 to 2030): 25.6%
Historical Market Growth Rate (CAGR 2018 to 2022): 21.1%
Revenue Share of Top Four Countries (2022E): 48%

Block chain in the Energy Market - Report Scope

Blockchain technology in the energy sector revolutionizes traditional energy systems by offering a secure, transparent, and efficient framework for managing transactions, data, and assets. Through features like smart contracts, it automates transactions, enhances efficiency, and ensures auditable records. Blockchain facilitates peer-to-peer energy trading, transparent tracking of renewable sources, and promotes a cleaner energy future. Its benefits include enhanced transparency, reduced operational costs, and a more resilient energy infrastructure. As the energy sector embraces innovation for sustainability, blockchain emerges as a transformative solution fostering efficiency, transparency, and decentralized energy systems.

Market Growth Drivers

Blockchain adoption in the energy sector is driven by the need to boost grid efficiency and integrate renewable energy sources. Traditional grids struggle with managing the variability of renewables, making blockchain's decentralized systems essential. It enables smart grids, optimizing energy usage and facilitating peer-to-peer trading. Additionally, blockchain enhances traceability, providing consumers with accurate information on energy sustainability. However, regulatory uncertainty and interoperability challenges hinder widespread adoption. Nonetheless, blockchain-based energy marketplaces offer revenue opportunities by enabling direct energy trading and innovative pricing models. These platforms cater to consumer preferences for sustainable energy and transparency, creating additional revenue streams for utilities and retailers.

Market Restraints

The energy market's adoption of blockchain is hindered by interoperability issues among various blockchain platforms. The absence of standardized protocols and compatibility between these systems creates obstacles for smooth communication and data exchange within the energy sector. This lack of a universally accepted framework limits the scalability and efficiency of blockchain solutions, hindering the industry's quest for decentralized and transparent energy transactions. Addressing this challenge necessitates cooperation among stakeholders, including blockchain developers, energy firms, and regulators, to establish standardized protocols and ensure seamless integration of blockchain across the diverse energy infrastructure and applications.

Opportunities

The Asia Pacific region is witnessing substantial growth in the blockchain in the energy market, driven by several key factors. Economic expansion and rapid urbanization in the region are fueling a surge in energy demand, leading to a heightened interest in innovative technologies like blockchain. Countries such as China and India are at the forefront, investing significantly in renewable energy and smart grid infrastructure. The inherent decentralization and transparency of blockchain technology resonate well with the region's focus on sustainability and effective energy management. Furthermore, Asia Pacific's proactive approach to adopting cutting-edge technologies, coupled with its willingness to engage in pilot projects and collaborations, positions it as the fastest-growing region in the integration of blockchain solutions within the evolving energy sector.

Key Questions Answered in Report::

What are the primary drivers fueling the growth of blockchain adoption in the energy sector?
How does blockchain technology address challenges related to grid efficiency and the integration of renewable energy sources?
What are the specific applications of blockchain in the energy market, and how do they contribute to efficiency and transparency?
What are the benefits and potential risks associated with implementing blockchain solutions in the energy industry?
What regulatory barriers and interoperability challenges exist, and how can they be overcome to facilitate broader blockchain adoption?

Competitive Intelligence and Business Strategy

In the Blockchain in the Energy market, global technology leaders such as Accenture, IBM, Infosys, SAP, and Microsoft play significant roles, each leveraging unique strengths to drive innovation and adoption. Accenture offers strategic consulting and digital transformation expertise, while IBM provides secure and efficient energy transaction solutions as a blockchain pioneer. Infosys delivers tailored blockchain solutions with its global IT services, and SAP focuses on enhancing operational efficiency. Microsoft offers scalable solutions that seamlessly integrate with existing infrastructure. This competitive landscape underscores collaborative efforts and continuous advancements, shaping a dynamic market where these leaders vie to establish themselves at the forefront of transformative Blockchain in Energy solutions.

Key Companies Profiled

Accenture
IBM
Infosys
SAP
Microsoft

Block chain in Energy Market Segmentation

By Type:

Private
Public

By Form:

Platform
Services

By Application:

Grid Management
Energy Trading
Government Risk and Compliance Market
Payment Schemes
Supply Chain Management
Others

By End-use:

Power
Oil & Gas

By Region:

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33754

1. Executive Summary

1.1. Global Blockchain in Energy Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Type Lifecycle Analysis
2.4. Blockchain in Energy Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global Blockchain in Energy Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Global Blockchain in Energy Market Outlook: Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Type, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
  - 3.3.3.1. Private
  - 3.3.3.2. Public
3.4. Market Attractiveness Analysis: Type
3.5. Global Blockchain in Energy Market Outlook: Form
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Form, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2023 - 2030
  - 3.5.3.1. Platform
  - 3.5.3.2. Services
3.6. Market Attractiveness Analysis: Form
3.7. Global Blockchain in Energy Market Outlook: Application
- 3.7.1. Introduction / Key Findings
- 3.7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Application, 2018 - 2022
- 3.7.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
  - 3.7.3.1. Grid Management
  - 3.7.3.2. Energy Trading
  - 3.7.3.3. Government Risk and Compliance Market
  - 3.7.3.4. Payment Schemes
  - 3.7.3.5. Supply Chain Management
  - 3.7.3.6. Others
3.8. Market Attractiveness Analysis: Application
3.9. Global Blockchain in Energy Market Outlook: End-use
- 3.9.1. Introduction / Key Findings
- 3.9.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By End-use, 2018 - 2022
- 3.9.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use, 2023 - 2030
  - 3.9.3.1. Power
  - 3.9.3.2. Oil & Gas
3.10. Market Attractiveness Analysis: End-use

4. Global Blockchain in Energy Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Blockchain in Energy Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Type
- 5.3.3. By Form
- 5.3.4. By Application
- 5.3.5. By End-use
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 5.5.1. Private
- 5.5.2. Public
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2023 - 2030
- 5.6.1. Platform
- 5.6.2. Services
5.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 5.7.1. Grid Management
- 5.7.2. Energy Trading
- 5.7.3. Government Risk and Compliance Market
- 5.7.4. Payment Schemes
- 5.7.5. Supply Chain Management
- 5.7.6. Others
5.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use, 2023 - 2030
- 5.8.1. Power
- 5.8.2. Oil & Gas
5.9. Market Attractiveness Analysis

6. Europe Blockchain in Energy Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Type
- 6.3.3. By Form
- 6.3.4. By Application
- 6.3.5. By End-use
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkiye
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 6.5.1. Private
- 6.5.2. Public
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2023 - 2030
- 6.6.1. Platform
- 6.6.2. Services
6.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 6.7.1. Grid Management
- 6.7.2. Energy Trading
- 6.7.3. Government Risk and Compliance Market
- 6.7.4. Payment Schemes
- 6.7.5. Supply Chain Management
- 6.7.6. Others
6.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use, 2023 - 2030
- 6.8.1. Power
- 6.8.2. Oil & Gas
6.9. Market Attractiveness Analysis

7. East Asia Blockchain in Energy Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Type
- 7.3.3. By Form
- 7.3.4. By Application
- 7.3.5. By End-use
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 7.5.1. Private
- 7.5.2. Public
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2023 - 2030
- 7.6.1. Platform
- 7.6.2. Services
7.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 7.7.1. Grid Management
- 7.7.2. Energy Trading
- 7.7.3. Government Risk and Compliance Market
- 7.7.4. Payment Schemes
- 7.7.5. Supply Chain Management
- 7.7.6. Others
7.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use, 2023 - 2030
- 7.8.1. Power
- 7.8.2. Oil & Gas
7.9. Market Attractiveness Analysis

8. South Asia & Oceania Blockchain in Energy Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Type
- 8.3.3. By Form
- 8.3.4. By Application
- 8.3.5. By End-use
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 8.5.1. Private
- 8.5.2. Public
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2023 - 2030
- 8.6.1. Platform
- 8.6.2. Services
8.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 8.7.1. Grid Management
- 8.7.2. Energy Trading
- 8.7.3. Government Risk and Compliance Market
- 8.7.4. Payment Schemes
- 8.7.5. Supply Chain Management
- 8.7.6. Others
8.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use, 2023 - 2030
- 8.8.1. Power
- 8.8.2. Oil & Gas
8.9. Market Attractiveness Analysis

9. Latin America Blockchain in Energy Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Type
- 9.3.3. By Form
- 9.3.4. By Application
- 9.3.5. By End-use
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 9.5.1. Private
- 9.5.2. Public
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2023 - 2030
- 9.6.1. Platform
- 9.6.2. Services
9.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 9.7.1. Grid Management
- 9.7.2. Energy Trading
- 9.7.3. Government Risk and Compliance Market
- 9.7.4. Payment Schemes
- 9.7.5. Supply Chain Management
- 9.7.6. Others
9.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use, 2023 - 2030
- 9.8.1. Power
- 9.8.2. Oil & Gas
9.9. Market Attractiveness Analysis

10. Middle East & Africa Blockchain in Energy Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Type
- 10.3.3. By Form
- 10.3.4. By Application
- 10.3.5. By End-use
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 10.5.1. Private
- 10.5.2. Public
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2023 - 2030
- 10.6.1. Platform
- 10.6.2. Services
10.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 10.7.1. Grid Management
- 10.7.2. Energy Trading
- 10.7.3. Government Risk and Compliance Market
- 10.7.4. Payment Schemes
- 10.7.5. Supply Chain Management
- 10.7.6. Others
10.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use, 2023 - 2030
- 10.8.1. Power
- 10.8.2. Oil & Gas
10.9. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Dashboard
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Microsoft
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. Accenture
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. IBM
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. Infosys
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
  - 11.3.4.6. SAP Overview
  - 11.3.4.7. Segments and Product
  - 11.3.4.8. Key Financials
  - 11.3.4.9. Market Developments
  - 11.3.4.10. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations