Introduction
According to Stratview Research, the blockchain in energy market reached USD 2.1 billion in 2024 and is anticipated to grow at an impressive CAGR of 43.3% from 2024 to 2031, ultimately hitting USD 25.2 billion by 2031. This rapid growth is driven by rising digitalization, increasing renewable integration, and the need for transparent, secure, and real-time energy transactions.

Key Features
Blockchain introduces decentralization, enabling energy systems to operate without centralized oversight. Its immutability ensures tamper-proof data records, enhancing trust across stakeholders. Smart contracts automate processes such as energy trading, billing, and grid operations, reducing manual intervention. Enhanced traceability supports accurate tracking of renewable energy certificates (RECs) and carbon credits.

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Applications
Blockchain is widely applied in peer-to-peer (P2P) energy trading, empowering prosumers to exchange renewable electricity directly. Utilities adopt blockchain to improve grid management, streamline metering, and enhance demand-response operations. Microgrid optimization becomes more efficient with decentralized monitoring and automated settlement. The technology also plays a crucial role in enabling secure EV charging and transparent green energy validation.

Trends
Key market trends include the convergence of blockchain with AI and IoT to create intelligent, automated energy networks. There is a growing shift toward decentralized energy models such as community microgrids. Increased attention on sustainability is pushing enterprises to adopt blockchain-based carbon tracking systems. Strategic collaborations between energy companies and blockchain startups are gaining momentum globally.

Opportunities
Significant opportunities lie in EV infrastructure management, predictive grid optimization, and digital energy marketplaces. Emerging markets can leverage blockchain to support rural electrification and distributed renewable deployment. Government-led digitalization initiatives further widen the scope for market expansion.

Conclusion
Blockchain is rapidly becoming a cornerstone of modern energy transformation. With rising investments and expanding applications, the blockchain in energy market is poised to enhance transparency, resilience, and efficiency across the global power ecosystem.