Research Expert: Sarah Overall
  • Published: May 2025
  • Pages: 150
  • SKU: IRTNTR72406

  • Latest News- Blockchain Technology In Energy Market: Power is expected to lead the End-user segment during 2025-2029

    The Blockchain Technology In Energy Market is being driven by Use of blockchain technology to prevent failure in power grids

    The Blockchain Technology In Energy Market is expected to grow at a CAGR of 85.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 7799.7 million. Businesses are increasingly turning to Blockchain-as-a-Service (BaaS) providers to set up and manage their blockchain nodes, eliminating the need for costly in-house development. IBM, Oracle, Amazon, and SAP are among the major companies investing in this technology, offering solutions that enable enterprises to test blockchain technology with minimal risk and cost. BaaS is revolutionizing industries such as insurance, cybersecurity, and supply chain management, providing enhanced security, transparency, and secure record keeping. Amazon's BaaS solution, for instance, empowers businesses to experiment with blockchain technology without the burden of deployment and maintenance costs. The adoption of BaaS is gaining momentum, as enterprises recognize its potential to mitigate fraud, streamline operations, and enhance overall business efficiency. 

    Get more information on Blockchain Technology In Energy Market by requesting a sample report

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • End-user
      • Power
      • Oil and gas
    • Type
      • Public blockchain
      • Private blockchain
      • Hybrid blockchain
    • Deployment
      • Cloud-based
      • On-premises
    • Geography
      • Europe
        • Germany
        • UK
        • France
        • Italy
      • North America
        • Canada
        • US
      • APAC
        • China
        • India
        • Japan
      • Middle East and Africa
        • South America

        According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

        • Use of blockchain technology to prevent failure in power grids
        • Integration of blockchain technology with smart meter
        • Improved supply chain efficiency in energy sector

        However, the market also witnesses some limitations, which are as follows:

        • High cost of implementing and maintaining blockchain technology
        • Poor internet connectivity in developing countries
        • Low adoption due to unregulated or low regulated market

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        Market Scope in Blockchain Technology In Energy Market Research Report

        Market Scope

        Report Coverage

        Details

        Page number

        222

        Base year

        2024

        Historic period

        2019-2023

        Forecast period

        2025-2029

        Growth momentum & CAGR

        Accelerate at a CAGR of 85.1%

        Market growth 2025-2029

        USD 7799.7 million

        Market structure

        market_structure.ucfirst

        YoY growth 2024-2025(%)

        78.5

        Key countries

        US, Germany, UK, France, Russia, Italy, Canada, China, Japan, and India

        Competitive landscape

        Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

        Request Free Sample

        Find out which segment is leading the market by accessing the free PDF report

        Research Analysis Overview

        Blockchain technology is revolutionizing the energy market by enabling the trading of energy derivatives and enhancing renewable energy integration. It improves grid resilience through distributed generation and energy asset management, facilitating energy data exchange for increased market liquidity. Blockchain infrastructure supports energy hedging, promoting environmental sustainability and climate change mitigation. Social impact is addressed through energy poverty alleviation and smart city initiatives. Electric grid security and cybersecurity threats are mitigated with distributed ledger security and decentralized governance. Energy innovation thrives with R&D in areas like carbon capture, hydrogen energy, solar, wind, biomass energy, and smart building technologies. Blockchain's scalability ensures efficient energy market operations and secure energy data exchange.

        Market Research Overview

        In the dynamic energy market, Blockchain technology is revolutionizing the sector through smart contracts, energy trading, and renewable energy solutions. Distributed ledger technology enables peer-to-peer energy trading, increasing energy efficiency and reducing reliance on traditional energy providers. This innovative approach aligns with the global application software market, which covers the development and production of specialized business software, including cloud-based solutions. Technavio, a leading technology research firm, calculates the size of this market based on the combined revenue of companies providing all types of IT software, including those leveraging Blockchain technology for energy market disruption.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


        Contacts

        Technavio Research
        Jesse Maida
        Media & Marketing Executive
        US: +1 844 364 1100
        UK: +44 203 893 3200
        Email: media@technavio.com
        Website: www.technavio.com/

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