The Europe Blockchain In Energy Market would witness market growth of 74.1% CAGR during the forecast period (2023-2030).
Smart contracts play a crucial role in automating processes within the energy industry. Coded on the blockchain, these self-executing contracts enable the automatic execution of predefined conditions. Smart contracts can automate the energy sector's billing, energy trading, and maintenance schedules. This reduces the need for manual intervention and minimizes the risk of errors and disputes. Blockchain empowers consumers by giving them greater control over their energy choices. With P2P energy trading platforms, consumers can choose their energy sources and become energy producers. This shift towards consumer empowerment aligns with the broader trend of decentralization and sustainability in the energy sector.
Blockchain facilitates direct P2P energy trading, allowing consumers with distributed energy resources (DERs) like solar panels or wind turbines to sell excess energy directly to nearby consumers. It decreases dependency on centralized utilities, lowers transaction costs, improves the use of renewable energy sources, and allows customers to participate in the energy sector actively. Blockchain facilitates real-time data sharing among various stakeholders in the energy grid, including producers, consumers, and grid operators. This enables more efficient grid management, load balancing, and predictive maintenance. It improves overall grid resilience, enhances response to dynamic energy demands, reduces downtime, and contributes to a more reliable and efficient energy infrastructure.
The retail industry in Germany is evolving toward digital payments, and some retailers are exploring cryptocurrency acceptance. Germany's retail hubs and innovation centers can become focal points for technological experimentation. These hubs may explore and showcase blockchain applications in retail operations, inspiring parallel initiatives in the energy sector. Collaboration between retail and energy innovators can lead to the cross-pollination of ideas. Retailers in Germany may join industry consortia and collaborations that explore blockchain applications. These collaborations can extend beyond the retail sector and include partnerships with energy companies and technology providers in Germany, leading to joint initiatives that benefit both industries. Thus, all these factors will uplift the regional market’s expansion in the coming years.
The Germany market dominated the Europe Blockchain In Energy Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,544 million by 2030. The UK market is exhibiting a CAGR of 72.5% during (2023 - 2030). Additionally, The France market would experience a CAGR of 75.5% during (2023 - 2030).
Free Valuable Insights: The Global Blockchain In Energy Market will Hit USD 58.8 Billion by 2030, at a CAGR of 75%
Based on Component, the market is segmented into Services, and Platform. Based on Type, the market is segmented into Public, and Private. Based on End-use, the market is segmented into Power, Oil & Gas. Based on Application, the market is segmented into Peer-To-Peer Transaction, Grid Transactions, Energy Financing, Sustainability Attribution, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- IBM Corporation
- The Linux Foundation
- Microsoft Corporation
- Accenture PLC
- Circle Internet Financial Limited
- Deloitte Touche Tohmatsu Limited
- Digital Asset Holdings, LLC
- Global Arena Holding, Inc.
- Monax Industries Limited
- Oracle Corporation
Europe Blockchain In Energy Market Report Segmentation
By Component
By Type
By End-use
By Application
- Peer-To-Peer Transaction
- Grid Transactions
- Energy Financing
- Sustainability Attribution
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Blockchain In Energy Market, by Component
1.4.2 Europe Blockchain In Energy Market, by Type
1.4.3 Europe Blockchain In Energy Market, by End-use
1.4.4 Europe Blockchain In Energy Market, by Application
1.4.5 Europe Blockchain In Energy Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Europe Blockchain In Energy Market, By Component
4.1 Europe Services Market, By Country
4.2 Europe Platform Market, By Country
Chapter 5. Europe Blockchain In Energy Market, By Type
5.1 Europe Public Market, By Country
5.2 Europe Private Market, By Country
Chapter 6. Europe Blockchain In Energy Market, By End-use
6.1 Europe Power Market, By Country
6.2 Europe Oil & Gas Market, By Country
Chapter 7. Europe Blockchain In Energy Market, By Application
7.1 Europe Peer-To-Peer Transaction Market, By Country
7.2 Europe Grid Transactions Market, By Country
7.3 Europe Energy Financing Market, By Country
7.4 Europe Sustainability Attribution Market, By Country
7.5 Europe Others Market, By Country
Chapter 8. Europe Blockchain In Energy Market, By Country
8.1 Germany Blockchain In Energy Market
8.1.1 Germany Blockchain In Energy Market, By Component
8.1.2 Germany Blockchain In Energy Market, By Type
8.1.3 Germany Blockchain In Energy Market, By End-use
8.1.4 Germany Blockchain In Energy Market, By Application
8.2 UK Blockchain In Energy Market
8.2.1 UK Blockchain In Energy Market, By Component
8.2.2 UK Blockchain In Energy Market, By Type
8.2.3 UK Blockchain In Energy Market, By End-use
8.2.4 UK Blockchain In Energy Market, By Application
8.3 France Blockchain In Energy Market
8.3.1 France Blockchain In Energy Market, By Component
8.3.2 France Blockchain In Energy Market, By Type
8.3.3 France Blockchain In Energy Market, By End-use
8.3.4 France Blockchain In Energy Market, By Application
8.4 Russia Blockchain In Energy Market
8.4.1 Russia Blockchain In Energy Market, By Component
8.4.2 Russia Blockchain In Energy Market, By Type
8.4.3 Russia Blockchain In Energy Market, By End-use
8.4.4 Russia Blockchain In Energy Market, By Application
8.5 Netherlands Blockchain In Energy Market
8.5.1 Netherlands Blockchain In Energy Market, By Component
8.5.2 Netherlands Blockchain In Energy Market, By Type
8.5.3 Netherlands Blockchain In Energy Market, By End-use
8.5.4 Netherlands Blockchain In Energy Market, By Application
8.6 Italy Blockchain In Energy Market
8.6.1 Italy Blockchain In Energy Market, By Component
8.6.2 Italy Blockchain In Energy Market, By Type
8.6.3 Italy Blockchain In Energy Market, By End-use
8.6.4 Italy Blockchain In Energy Market, By Application
8.7 Rest of Europe Blockchain In Energy Market
8.7.1 Rest of Europe Blockchain In Energy Market, By Component
8.7.2 Rest of Europe Blockchain In Energy Market, By Type
8.7.3 Rest of Europe Blockchain In Energy Market, By End-use
8.7.4 Rest of Europe Blockchain In Energy Market, By Application
Chapter 9. Company Profiles
9.1 IBM Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional & Segmental Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 The Linux Foundation
9.2.1 Company Overview
9.2.2 SWOT Analysis
9.3 Microsoft Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 SWOT Analysis
9.4 Accenture PLC
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 SWOT Analysis
9.5 Circle Internet Financial Limited
9.5.1 Company Overview
9.6 Deloitte Touche Tohmatsu Limited
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 SWOT Analysis
9.7 Digital Asset Holdings, LLC
9.7.1 Company Overview
9.8 Global Arena Holding, Inc.
9.8.1 Company Overview
9.9 Monax Industries Limited
9.9.1 Company Overview
9.10. Oracle Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
9.10.6 SWOT Analysis
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Blockchain In Energy Market, by Component
1.4.2 Europe Blockchain In Energy Market, by Type
1.4.3 Europe Blockchain In Energy Market, by End-use
1.4.4 Europe Blockchain In Energy Market, by Application
1.4.5 Europe Blockchain In Energy Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Europe Blockchain In Energy Market, By Component
4.1 Europe Services Market, By Country
4.2 Europe Platform Market, By Country
Chapter 5. Europe Blockchain In Energy Market, By Type
5.1 Europe Public Market, By Country
5.2 Europe Private Market, By Country
Chapter 6. Europe Blockchain In Energy Market, By End-use
6.1 Europe Power Market, By Country
6.2 Europe Oil & Gas Market, By Country
Chapter 7. Europe Blockchain In Energy Market, By Application
7.1 Europe Peer-To-Peer Transaction Market, By Country
7.2 Europe Grid Transactions Market, By Country
7.3 Europe Energy Financing Market, By Country
7.4 Europe Sustainability Attribution Market, By Country
7.5 Europe Others Market, By Country
Chapter 8. Europe Blockchain In Energy Market, By Country
8.1 Germany Blockchain In Energy Market
8.1.1 Germany Blockchain In Energy Market, By Component
8.1.2 Germany Blockchain In Energy Market, By Type
8.1.3 Germany Blockchain In Energy Market, By End-use
8.1.4 Germany Blockchain In Energy Market, By Application
8.2 UK Blockchain In Energy Market
8.2.1 UK Blockchain In Energy Market, By Component
8.2.2 UK Blockchain In Energy Market, By Type
8.2.3 UK Blockchain In Energy Market, By End-use
8.2.4 UK Blockchain In Energy Market, By Application
8.3 France Blockchain In Energy Market
8.3.1 France Blockchain In Energy Market, By Component
8.3.2 France Blockchain In Energy Market, By Type
8.3.3 France Blockchain In Energy Market, By End-use
8.3.4 France Blockchain In Energy Market, By Application
8.4 Russia Blockchain In Energy Market
8.4.1 Russia Blockchain In Energy Market, By Component
8.4.2 Russia Blockchain In Energy Market, By Type
8.4.3 Russia Blockchain In Energy Market, By End-use
8.4.4 Russia Blockchain In Energy Market, By Application
8.5 Netherlands Blockchain In Energy Market
8.5.1 Netherlands Blockchain In Energy Market, By Component
8.5.2 Netherlands Blockchain In Energy Market, By Type
8.5.3 Netherlands Blockchain In Energy Market, By End-use
8.5.4 Netherlands Blockchain In Energy Market, By Application
8.6 Italy Blockchain In Energy Market
8.6.1 Italy Blockchain In Energy Market, By Component
8.6.2 Italy Blockchain In Energy Market, By Type
8.6.3 Italy Blockchain In Energy Market, By End-use
8.6.4 Italy Blockchain In Energy Market, By Application
8.7 Rest of Europe Blockchain In Energy Market
8.7.1 Rest of Europe Blockchain In Energy Market, By Component
8.7.2 Rest of Europe Blockchain In Energy Market, By Type
8.7.3 Rest of Europe Blockchain In Energy Market, By End-use
8.7.4 Rest of Europe Blockchain In Energy Market, By Application
Chapter 9. Company Profiles
9.1 IBM Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional & Segmental Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 The Linux Foundation
9.2.1 Company Overview
9.2.2 SWOT Analysis
9.3 Microsoft Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 SWOT Analysis
9.4 Accenture PLC
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 SWOT Analysis
9.5 Circle Internet Financial Limited
9.5.1 Company Overview
9.6 Deloitte Touche Tohmatsu Limited
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 SWOT Analysis
9.7 Digital Asset Holdings, LLC
9.7.1 Company Overview
9.8 Global Arena Holding, Inc.
9.8.1 Company Overview
9.9 Monax Industries Limited
9.9.1 Company Overview
9.10. Oracle Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
9.10.6 SWOT Analysis