The global blockchain in the energy utilities market is expected to grow at a CAGR of about 65.20% in the forecast period of 2026-2035, owing to the increased generation of renewable power to support sustainable initiatives.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
65.2%
2026-2035
*this image is indicative*
| Global Blockchain in Energy Utilities Market Report Summary | Description | Value |
| Base Year | USD Million | 2025 |
| Historical Period | USD Million | 2019-2025 |
| Forecast Period | USD Million | 2026-2035 |
| Market Size 2025 | USD Million | XX |
| Market Size 2035 | USD Million | XX |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 65.20% |
| CAGR 2026-2035 - Market by Region | Europe | 70.5% |
| CAGR 2026-2035 - Market by Country | UK | 75.2% |
| CAGR 2026-2035 - Market by Country | USA | 74.3% |
| CAGR 2026-2035 - Market by Component | Platform | 71.7% |
| CAGR 2026-2035 - Market by Application | Energy Trading | 74.3% |
| Market Share by Country 2025 | France | 4.5% |
The market in Europe is estimated to be the largest market in the forecast period. Countries such as Germany, the United Kingdom, and the Netherlands are heavily investing in adopting blockchain technologies to solve global transaction processes between multiple parties and provide customers with more secure and accurate data. The growing number of project implementations and the presence of blockchain start-ups in the region, coupled with the incorporated regulatory support from the European government, are propelling the market growth. Further, increasing investment from energy start-up companies and growing funding activities will strengthen the industry landscape. Government incentives toward adopting renewable power generation and favourable regulatory policies to promote the technology adoption are set to augment the product installation.
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Additionally, companies in the region are partnering with other countries or having high investments in developing products related to the energy sector using blockchain technology. For instance, in March 2019, a major United Kingdom energy company OVO invested in blockchain firm Electron through its recently launched technology division, Kaluza. The move aims to facilitate the Electron’s deployment of distributed energy trading platforms.
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Blockchain technology is a decentralised ledger that can be used in the energy sector. Blockchain facilitates energy trade in the energy sector. It is projected to allow for a fundamental shift in energy distribution. Blockchain can be utilised efficiently for sustainability and energy conservation by developing new energy business models, shifting carbon credits, and managing real-time data.
The various components in the market are:
The significant applications of the market are:
The major verticals of the market are:
The regional markets for blockchain in energy utilities can be divided into:
| CAGR 2026-2035 - Market by | Country |
| UK | 75.2% |
| USA | 74.3% |
| Germany | 67.7% |
| Japan | 64.9% |
| India | 58.9% |
| Canada | XX% |
| France | XX% |
| Italy | XX% |
| China | XX% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
The deployment of blockchain technology is likely to witness significant growth in the energy and utility sector due to the amplified generation of renewable energy to back sustainable initiatives and the attempts made by the oil and gas players to boost operational efficiency and security. A positive outlook toward digitisation of systems on account of the increasing installation of smart meters across regions is set to foster the blockchain in energy utilities market share. Also, decentralised energy systems and widespread adoption of smart management and control systems to implement advanced communication are projected to complement the market outlook.
Furthermore, reducing dependency on fossil fuels, coupled with increasing independence of the local grid from outside energy sources in the long term, is anticipated to drive the market growth of blockchain in energy utilities globally. Increasing investment in numerous innovative projects ranging from solar systems for electric vehicle charging and e-mobility will further accelerate product adoption.
The report gives a detailed analysis of the following key players in the global blockchain in the energy utilities market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global blockchain in the energy utilities market is projected to grow at a CAGR of 65.20% between 2026 and 2035.
The major drivers of the market include the government incentives toward adopting renewable power generation, increasing installation of smart meters, widespread adoption of smart management and control systems, and increasing independence of the local grid from outside energy sources.
Increased generation of renewable power to aid sustainable initiatives and increasing investment in numerous innovative projects are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various components in the market are platforms and services. Services are further divided into consulting and advisory services, development and integration services, and testing services, among others.
The significant applications of the market are grid management, energy trading, payment schemes, supply chain and logistics, among others.
The major verticals of the market are the power sector and the oil and gas sector.
The major players in the industry are International Business Machines Corporation, ConsenSys Software Inc., Accenture PLC, LO3 Energy, Inc., and Infosys Limited, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Application |
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| Breakup by Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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