Global Blockchain in Utilities Market Growth (Status and Outlook) 2025-2031

The global Blockchain in Utilities market size is predicted to grow from US$ 1965 million in 2025 to US$ 2924 million in 2031; it is expected to grow at a CAGR of 6.8% from 2025 to 2031.

Blockchain has the potential to help utilities lower operational expenditure, increase efficiency, improve transparency, reduce capital requirements, and expensive upgrades. With blockchain, utilities can unlock new revenue streams by empowering consumers and prosumers to play a more active role in the energy market.

The global blockchain in utilities market refers to the implementation and use of blockchain technology within the utilities sector. Blockchain technology, characterized by its decentralized and transparent nature, offers various potential applications in the utilities industry, including energy trading, grid management, supply chain management, and asset tracking.

Here are some key points about the global blockchain in utilities market:

Energy Trading: Blockchain technology enables the peer-to-peer trading of energy, allowing consumers to directly buy and sell electricity without the need for intermediaries. This decentralized approach can increase efficiency, reduce costs, and promote renewable energy adoption.

Grid Management: Blockchain can play a role in optimizing grid management by enabling secure and real-time data sharing between different entities in the energy ecosystem. This can facilitate efficient energy distribution, load balancing, and grid stability.

Supply Chain Management: Blockchain can improve transparency and traceability in the utilities supply chain, ensuring the authenticity of energy sources and reducing fraud or tampering. Smart contracts on the blockchain can automate processes such as billing, metering, and settlements.

Asset Tracking: Blockchain technology can be used to track and manage assets in the utilities sector, including infrastructure equipment, smart meters, and renewable energy certificates. This enhances asset management, maintenance, and lifecycle tracking.

Renewable Energy Certificates (RECs): Blockchain can facilitate the issuance, trading, and verification of renewable energy certificates. This allows for greater transparency and trust in renewable energy generation and consumption, aiding in meeting sustainability goals.

Regulatory Compliance: Blockchain has the potential to streamline regulatory compliance in the utilities industry, as it provides an immutable and transparent record of transactions and data. This can help utilities comply with regulations, such as emissions reporting or data privacy requirements.

Market Growth Factors: The global blockchain in utilities market is driven by various factors, including:

Increasing Demand for Decentralized Energy Systems: The transition towards decentralized energy systems and the rise of renewable energy sources create opportunities for blockchain-based solutions in utilities.

Need for Secure and Efficient Transactions: Blockchain’s secure and transparent nature addresses the challenges of data integrity, cybersecurity, and inefficient manual processes in the utilities sector.

Government Initiatives and Support: Governments and regulatory bodies worldwide are recognizing the potential of blockchain technology in the utilities industry and are implementing supportive policies and pilot projects.

Emergence of Prosumer Energy Landscape: The growth of prosumers, who both consume and produce energy, can be facilitated by blockchain-based peer-to-peer energy trading platforms.

The global blockchain in utilities market is continuously evolving, and its adoption is influenced by factors such as regulatory frameworks, technological advancements, and industry collaborations. As blockchain technology continues to mature, its potential to transform the utilities sector remains significant.

LPI (LP Information)' newest research report, the “Blockchain in Utilities Industry Forecast” looks at past sales and reviews total world Blockchain in Utilities sales in 2024, providing a comprehensive analysis by region and market sector of projected Blockchain in Utilities sales for 2025 through 2031. With Blockchain in Utilities sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Blockchain in Utilities industry.

This Insight Report provides a comprehensive analysis of the global Blockchain in Utilities landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Blockchain in Utilities portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Blockchain in Utilities market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Blockchain in Utilities and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Blockchain in Utilities.

This report presents a comprehensive overview, market shares, and growth opportunities of Blockchain in Utilities market by product type, application, key players and key regions and countries.

Segmentation by Type:
Vertical Solutions
Blockchain-as-a-Service
Others

Segmentation by Application:
Proof of Concept
Pilot
Production
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Power Ledger
Siemens
IBM Corporation
Greeneum
Oracle Corporation
Microsoft Corporation
EnergiMine
Accenture PLC
Infosys Limited
SAP SE
LO3 Energy Inc.
The Sun Exchange (Pty) Ltd.

Please note: The report will take approximately 2 business days to prepare and deliver.