The global Blockchain Technology in Energy Market is on an explosive growth trajectory, forecast to increase by USD 6.14 billion between 2023 and 2028, expanding at a staggering CAGR of 96.9%. This rapid expansion is driven by the sector’s transition to decentralized, efficient, and transparent energy systems—redefining how power is generated, traded, and consumed.For more details about the industry, get the PDF sample report for free
The core driver behind blockchain’s rise in the energy sector is its role in preventing power grid failures and ensuring grid resilience. With increasing complexity in energy systems, traditional centralized networks are being replaced by decentralized blockchain-led frameworks that enhance stability and reduce the risk of widespread outages.
Blockchain’s ability to automate transactions, secure data, and enable peer-to-peer (P2P) energy trading is helping utility companies optimize grid operations. Moreover, its immutable ledgers and smart contracts are cutting down administrative overhead and enhancing real-time energy flow management.
A key trend accelerating blockchain deployment is the emergence of Backend-as-a-Service (BaaS) platforms. These services significantly lower the barrier for energy companies by reducing the need for in-house development and maintenance. BaaS platforms are now central to peer-to-peer trading systems, enabling even small-scale producers to sell surplus energy to consumers—transforming energy equity and accessibility.
BaaS is also being leveraged beyond electricity, with applications in water security and resource rights trading, further strengthening its cross-sector utility.
Despite its potential, blockchain adoption in energy markets faces a significant hurdle: high setup and maintenance costs. Implementing blockchain requires investment in infrastructure such as servers, nodes, and custom software, leading to high entry costs for smaller utilities.
Additionally, the exponential growth in stored data on decentralized ledgers poses scalability challenges. Still, forward-thinking energy enterprises are continuing to invest, recognizing the long-term gains in transparency, security, and operational efficiency.
Power
Oil and Gas
The power segment is the dominant force in blockchain's energy market integration. It was valued at USD 15.30 million in 2018 and has shown consistent growth.
Governments and utilities across the globe are reshaping their grids to accommodate renewables and distributed energy resources (DERs) like solar panels, home batteries, and smart appliances. Blockchain plays a pivotal role by ensuring real-time, transparent energy trading and simplifying billing, certifications, and grid balancing.
Meanwhile, the oil and gas sector is leveraging blockchain to enhance supply chain transparency, streamline emissions tracking, and support the clean energy transition.
Europe is expected to contribute 73% to the global market growth by 2028.
Germany: In 2023, it produced 70+ terawatt-hours of solar electricity, largely from household systems. The country is also shifting toward a decentralized energy model and embracing blockchain to manage complexity and increase reliability.
UK and Denmark: Denmark was a frontrunner in 2022, generating over 70% of its power from renewables, with small-scale community-led projects playing a vital role.
European Commission: Actively promoting self-sufficient power generation through incentives for rooftop solar and home battery adoption.
The European trend is clear: households and local communities are becoming energy producers, and blockchain is the infrastructure enabling them.
United States and Canada are exploring blockchain-based microgrids, particularly in remote or underserved regions. These projects aim to ensure energy access and optimize renewable integration.
China, India, and Japan are focusing on smart grid deployments where blockchain provides secure, transparent data flows and facilitates electric vehicle (EV) integration with the energy grid.
The region is increasingly turning to blockchain-enabled microgrids to combat energy poverty and expand energy access to non-grid communities.
Brazil is witnessing innovation in blockchain-enabled renewable energy markets, especially in regions with inconsistent grid connectivity.
Get more details by ordering the complete report
The Blockchain Technology in Energy Market is rapidly evolving, driven by the integration of smart contracts and the growing adoption of decentralized energy systems. The emergence of energy tokens has enabled peer-to-peer trading within a blockchain grid, creating a dynamic energy marketplace that empowers prosumers. At the heart of this transformation is the distributed ledger architecture, which ensures transactional transparency and streamlines energy financing models. Key applications include EV charging supported by microgrid blockchain systems, which optimize local energy usage. Additionally, the issuance and trading of renewable credits and carbon credits are gaining traction as part of carbon-neutral initiatives. Blockchain enhances energy provenance tracking across the supply chain, with improved visibility into energy data flows and heightened blockchain security standards. These developments support the management of tokenized assets, catalyzing a new era of energy exchange. As regulatory frameworks adapt, features like grid transparency, smart meters, and automated energy settlements are becoming foundational in building trust and efficiency in blockchain-enabled energy ecosystems.
Leading organizations are aggressively expanding their blockchain energy portfolios through partnerships, acquisitions, and service rollouts. The market features a mix of tech giants, consultancies, blockchain startups, and energy innovators:
Accenture PLC
Amazon.com Inc.
BigchainDB GmbH
Capgemini Services SAS
Chaddenwych Services Ltd.
Deloitte Touche Tohmatsu Ltd.
Drift Marketplace Inc.
Enosi Australia Pty Ltd.
Greeneum Ltd.
HCL Technologies Ltd.
Infosys Ltd.
International Business Machines Corp. (IBM)
LO3 Energy Inc.
Oracle Corp.
Power Ledger Pty Ltd.
SAP SE
Tata Consultancy Services Ltd.
Tencent Holdings Ltd.
WePower UAB
Wipro Ltd.
These companies are adopting strategies such as geographical expansion, blockchain-as-a-service rollouts, M&A activity, and product launches to capture growing B2B demand for blockchain solutions in energy.
Get more details by ordering the complete report
Ongoing innovations in blockchain interoperability are vital for enhancing system compatibility and supporting accurate energy traceability across a decentralized grid. The energy blockchain landscape is witnessing the rise of platforms like Power Ledger, which utilize energy smart contracts to automate and secure transactions. Advancements in blockchain analytics are driving granular insights into consumption behavior and facilitating robust energy authentication protocols. Strategic focus on grid optimization is enhancing infrastructure efficiency, while secure energy transactions are prompting greater interest in addressing blockchain scalability challenges. With energy decentralization gaining momentum, stakeholders are prioritizing renewable tracking and ensuring precise energy verification through blockchain consensus mechanisms. This has accelerated energy tokenization, improving access to funding and strengthening grid reliability. Industry adoption of energy audit practices, coupled with goals for heightened blockchain efficiency, is laying the groundwork for widespread energy certification initiatives. Lastly, the emphasis on grid security, energy immutability, and seamless blockchain integration underlines the sector’s commitment to building a transparent, secure, and future-ready energy infrastructure.
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
