Press release
Blockchain in Energy & Power Market Projected to Transform Energy Sector with Robust Growth Through 2035
Blockchain in Energy: Transforming How We Power Our World
Imagine a world where you can sell extra solar power from your rooftop directly to your neighbor. Picture electric vehicle charging happening automatically and carbon credits being tracked with full transparency. This isn't science fiction; it's happening now with blockchain technology in the energy sector.
The Numbers Tell a Story:
The blockchain energy market is growing rapidly, increasing from $4.8 billion in 2025 to a projected $162.2 billion by 2035. That's a remarkable 42% annual growth rate, showing how quickly this technology is being adopted worldwide.
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What's Driving This Revolution?
Peer-to-Peer Energy Trading is one of the most exciting developments. Instead of selling your excess solar power back to the utility company at low rates, blockchain lets you trade directly with neighbors at fair prices. Brooklyn's microgrid saw a 25% increase in local energy trades using this technology, which reduced reliance on the main power grid.
Smart Electric Vehicle Charging is another significant change. In Germany, the Share & Charge platform managed over 1 million EV charging sessions through blockchain in 2023. This enabled dynamic pricing and easy billing across different charging networks.
Carbon Credit Tracking offers crucial transparency in environmental markets. The UN reported a 30% rise in blockchain-based carbon credit platforms in 2024. These platforms help companies meet their sustainability goals while preventing fraud and double-counting.
Key companies profiled:
Power Ledger Pty Ltd, WePower UAB, LO3 Energy, Inc., Electron (Chaddenwych Services Ltd), GridPlus, Inc., Siemens Energy AG, Shell plc (Shell Energy), Engie SA, SunContract (SunContract LLC), Iberdrola, S.A., IBM Corporation, Microsoft Corporation, Oracle Corporation, Infosys Limited, SAP SE, Deloitte Touche Tohmatsu Limited, BigchainDB GmbH, FlexiDAO S.L., and Energy Web Foundation
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Real-World Success Stories:
Major companies are already achieving results. Siemens launched a blockchain grid management system that improved efficiency by 15% in pilot programs in Austria and Singapore. Meanwhile, Shell expanded its blockchain carbon tracking to five new markets, and Power Ledger helped over 200 households in India trade solar energy locally.
Regional Leaders:
North America is leading with deregulated markets that drive innovation. Asia-Pacific is the fastest-growing region at nearly 45% annual growth. Germany is pioneering smart grid integration, China is filing many blockchain energy patents, and the U.S. is running extensive pilot programs across several states.
Challenges Ahead:
Despite the promise, challenges remain. Different blockchain platforms often cannot communicate with one another, which limits widespread use. Regulatory uncertainty also slows progress, as governments struggle to establish clear rules for this new technology.
The Future Looks Bright:
As these challenges are resolved, blockchain is set to become the foundation of our energy future. It will allow for cleaner, more efficient, and more inclusive energy systems where everyone can engage in the energy economy, not just large utilities.
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Key Questions Answered in the Report:
How big is the Blockchain in Energy and Power Market?
What is the current Blockchain in Energy and Power Market size?
Who are the leading companies in the blockchain in the energy and power market?
Which region is experiencing the fastest growth in the blockchain in the energy and power market?
Which segment holds the largest share in the blockchain in the energy and power market?
Related Reports:
Marine Current Turbine Market: https://www.meticulousresearch.com/product/marine-current-turbine-market-6251
Peer-to-Peer Energy Trading Platforms Market: https://www.meticulousresearch.com/product/peer-to-peer-energy-trading-platforms-market-6183
Smart Energy Management Market: https://www.meticulousresearch.com/product/smart-energy-management-market-5255
Energy Harvesting System Market: https://www.meticulousresearch.com/product/energy-harvesting-system-market-5235
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Each year, we conduct over 300 syndicated studies and manage 60+ consulting engagements across eight key industry sectors and 20+ geographic markets. With a focus on solving the complex challenges facing global business leaders, our research enables informed decision-making that propels sustainable growth and operational excellence. We are dedicated to delivering high-impact solutions that transform business performance and fuel innovation in the competitive global marketplace.
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