Evolve Business Intelligence has published a research report on the Global Blockchain in Energy Market, 2023–2033. The global Blockchain in Energy market is projected to exhibit a CAGR of around 78.24%during the forecast period of 2023 to 2033.
Evolve Business Intelligence has recognized the following companies as the key players in the global Blockchain in Energy Market: Accenture, IBM, Infosys, SAP, Drift, Deloitte, BTL, Enosi, Wepower, Microsoft
For More Information: https://evolvebi.com/report/blockchain-in-energy-market-analysis/
Blockchain in Energy Market Highlights
The Global Blockchain in Energy market is projected to be valued at USD 332.66 Billion by 2033, recording a CAGR of around 78.24% during the forecast period. The Smart Buildings market encompasses buildings equipped with advanced technologies and integrated systems to optimize operations, enhance energy efficiency, and improve occupant comfort and safety. These buildings utilize IoT (Internet of Things), AI (Artificial Intelligence), and automation solutions to monitor and control various systems such as HVAC, lighting, security, and more. Key benefits include reduced energy consumption, lower operating costs, and increased sustainability. The market is driven by increasing urbanization, regulatory mandates for energy efficiency, and growing awareness of environmental impacts.
The COVID-19 pandemic has led to supply chain disruptions leading to supply shortages or lower demand in the Blockchain in Energy market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.
Segmental Analysis
The global Blockchain in Energy market has been segmented based on Type, Component, Application, End-User
Based on the Type, the market is segmented based on Private, Public, Others. the “Private” sector generally dominates the type segment. Private entities, including commercial real estate developers, corporate offices, and residential buildings, lead in adopting smart building technologies to enhance operational efficiency, sustainability, and occupant comfort.
Based on Component, the market has been divided into Platform, Services, Others. Services” typically dominate the component segment. These services include installation, maintenance, consulting, and managed services related to smart building technologies.
Based on the Application, the market has been divided into Grid Management, Energy Trading, Government Risk And Compliance Management, Payment Schemes, Supply Chain Management, Others. Energy Trading” typically dominates. This segment involves the buying and selling of electricity or other forms of energy, facilitated by smart building technologies that optimize energy usage, storage, and distribution, thereby enhancing efficiency and cost-effectiveness within the energy sector.
Based on End-User, the market has been divided into Power, Oil & Gas, Others. the “Others” category typically dominates among end-users, encompassing a diverse range of sectors including commercial real estate, healthcare facilities, educational institutions, and government buildings.
For More Information: https://evolvebi.com/report/blockchain-in-energy-market-analysis/
Regional Analysis
The Blockchain in Energy market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, &Africa. The North American region holds a dominant position in the Blockchain in Energy market. North America is a leading region in the smart buildings market, characterized by robust adoption of advanced technologies and stringent regulations promoting energy efficiency and sustainability. Major cities like New York, San Francisco, and Toronto are hubs for smart building innovation, driven by the demand for optimized building management, enhanced occupant experience, and cost savings. Key players in the region focus on IoT integration, AI-driven analytics, and smart energy management solutions to cater to diverse sectors including commercial, residential, and government buildings. The market’s growth is supported by favorable government initiatives, technological advancements, and a strong emphasis on environmental stewardship across the continent. The Asia-Pacific region is witnessing rapid growth and emerging as a significant market for the Blockchain in Energy industry. Asia Pacific is a rapidly growing region in the smart buildings market, driven by urbanization, infrastructure development, and increasing awareness of sustainability. Countries like China, Japan, and India lead in adopting smart building technologies to address energy efficiency, reduce operational costs, and improve building performance. Key factors influencing the market include government initiatives promoting smart city development, rapid urban population growth, and advancements in IoT and AI technologies. The region sees significant investments in smart building solutions across commercial, residential, and industrial sectors, with a focus on enhancing urban living standards and environmental sustainability.
