Blockchain in Energy Market 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), an

Blockchain in Energy Market 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 2023-2028

The global blockchain in energy market size reached US$ 897.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 8,837.0 Million by 2028, exhibiting a growth rate (CAGR) of 41.70% during 2023-2028.

Blockchain in energy refers to a technology that enables energy distribution and facilitates transactions between generators and consumers. It includes distributed, replicated, and shared ledgers that securely store digital transactions and assets without using a central authority. Blockchain in energy is widely used for billing, automation, sharing resources, trading, smart contracts, and digital identity. It is also used to manage grids, government risk and compliance, supply chain, and energy certificates. Blockchain in energy improves visibility, increases operating efficiencies, and streamlines regulatory reporting. It also offers environmental sustainability, reduces costs, improves trust, increases transparency, and provides enhanced control and security.

Blockchain in Energy Market Trends:
The rising adoption of smart grids for energy distribution is one of the primary factors driving the market growth. Blockchain is widely used in smart grids to improve functionality, prevent failure, protect privacy, and manage transactions through smart contracts due to its decentralization, transparency, fault tolerance, and strong security. In addition, increasing demand for blockchain technology due to the rising installation of smart meters to manage data, offer traceability, enable automated billing, and prevent unauthorized access is acting as another growth-inducing factor. Furthermore, the rising adoption of renewable energy sources is facilitating the employment of blockchain to manage distribution and provide real-time validation of the energy source through certificates, which, in turn, is impelling the market growth. Apart from this, the widespread utilization of blockchain to enable peer-to-peer energy trading, allowing users to buy and sell power directly amongst each other through a secure ledger, is positively influencing the market growth. Moreover, the increasing adoption of blockchain in the oil and gas industry to provide privacy, reduce settlement delays, and protect trade secrets is propelling the market growth. Other factors, including the rising adoption of distributed energy systems, implementation of various government initiatives promoting electricity saving, and increasing adoption of blockchain for electric vehicle (EV) charging and energy sharing, are anticipated to drive market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global blockchain in energy market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, type, application and end user.

Breakup by Component:


Breakup by Type:


Breakup by Application:

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

Breakup by End User:

Oil and Gas

Breakup by Region:

North America
United States
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ConsenSys, Energy Web, Greeneum, International Business Machines Corporation, Ondiflo and Power Ledger Pty Ltd. Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:
How has the global blockchain in energy market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global blockchain in energy market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global blockchain in energy market and who are the key players?
What is the degree of competition in the industry?

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Blockchain in Energy Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Platform
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Type
7.1 Private
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Public
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Peer-To-Peer Transaction
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Grid Transactions
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Energy Financing
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Electric Vehicle
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Sustainability Attribution
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by End User
9.1 Power
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Oil and Gas
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States Market Trends Market Forecast
10.1.2 Canada Market Trends Market Forecast
10.2 Asia-Pacific
10.2.1 China Market Trends Market Forecast
10.2.2 Japan Market Trends Market Forecast
10.2.3 India Market Trends Market Forecast
10.2.4 South Korea Market Trends Market Forecast
10.2.5 Australia Market Trends Market Forecast
10.2.6 Indonesia Market Trends Market Forecast
10.2.7 Others Market Trends Market Forecast
10.3 Europe
10.3.1 Germany Market Trends Market Forecast
10.3.2 France Market Trends Market Forecast
10.3.3 United Kingdom Market Trends Market Forecast
10.3.4 Italy Market Trends Market Forecast
10.3.5 Spain Market Trends Market Forecast
10.3.6 Russia Market Trends Market Forecast
10.3.7 Others Market Trends Market Forecast
10.4 Latin America
10.4.1 Brazil Market Trends Market Forecast
10.4.2 Mexico Market Trends Market Forecast
10.4.3 Others Market Trends Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 ConsenSys Company Overview Product Portfolio
15.3.2 Energy Web Company Overview Product Portfolio
15.3.3 Greeneum Company Overview Product Portfolio
15.3.4 International Business Machines Corporation Company Overview Product Portfolio Financials SWOT Analysis
15.3.5 Ondiflo Company Overview Product Portfolio
15.3.6 Power Ledger Pty Ltd Company Overview Product Portfolio
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report

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