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Japan Blockchain In Energy Market

ID: MRFR/ICT/62330-HCR
200 Pages
Aarti Dhapte
October 2025

Japan Blockchain in Energy Market Research Report By Application (Energy Trading, Renewable Energy Certificates, Grid Management, Supply Chain Management), By Component (Software, Hardware, Services), By End Use (Utilities, Oil and Gas, Renewable Energy Companies) and By Technology (Public Blockchain, Private Blockchain, Hybrid Blockchain)-Forecast to 2035

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Japan Blockchain In Energy Market Summary

As per MRFR analysis, the blockchain in energy market size was estimated at 82.6 USD Million in 2024. The blockchain in-energy market is projected to grow from 95.57 USD Million in 2025 to 410.78 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 15.7% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Japan blockchain in-energy market is poised for transformative growth driven by innovative technologies and regulatory support.

  • Decentralized energy trading is gaining traction, enabling peer-to-peer transactions and enhancing market efficiency.
  • Enhanced grid management solutions are being developed to optimize energy distribution and reduce operational costs.
  • Regulatory support for innovation is fostering a conducive environment for blockchain applications in the energy sector.
  • The market is primarily driven by increased energy demand and rising interest in renewable energy sources.

Market Size & Forecast

2024 Market Size 82.6 (USD Million)
2035 Market Size 410.78 (USD Million)

Major Players

Power Ledger (AU), WePower (LT), Grid+ (US), Energy Web Foundation (CH), LO3 Energy (US), Veridium (US), SolarCoin (US), Slock.it (DE)

Japan Blockchain In Energy Market Trends

The blockchain in-energy market is currently experiencing a transformative phase, driven by advancements in technology and a growing emphasis on sustainability. In Japan, the integration of blockchain technology within the energy sector appears to enhance transparency and efficiency in energy transactions. This shift is likely influenced by the country's commitment to reducing carbon emissions and promoting renewable energy sources. As stakeholders increasingly recognize the potential of decentralized systems, the market is evolving to accommodate innovative solutions that facilitate peer-to-peer energy trading and improve grid management. Moreover, regulatory frameworks in Japan are adapting to support the adoption of blockchain solutions in the energy sector. The government seems to encourage initiatives that leverage blockchain for energy distribution, which may lead to increased investment and collaboration among various entities. This evolving landscape suggests that the blockchain in-energy market is poised for significant growth, as it aligns with national goals for energy security and sustainability. The potential for enhanced consumer engagement and the democratization of energy access further underscores the importance of this market in Japan's energy future.

Decentralized Energy Trading

The blockchain in-energy market is witnessing a rise in decentralized energy trading platforms. These platforms enable consumers to buy and sell energy directly, bypassing traditional utility companies. This trend promotes competition and empowers users to take control of their energy consumption.

Enhanced Grid Management

Blockchain technology is being utilized to improve grid management in Japan. By providing real-time data and facilitating communication between various stakeholders, blockchain can enhance the reliability and efficiency of energy distribution systems.

Regulatory Support for Innovation

The Japanese government is actively supporting the integration of blockchain in the energy sector. New regulations are being introduced to foster innovation and encourage investment in blockchain solutions, which may lead to a more resilient and sustainable energy infrastructure.

Japan Blockchain In Energy Market Drivers

Increased Energy Demand

The blockchain in-energy market in Japan is experiencing a surge in energy demand, driven by urbanization and industrial growth. As the population in urban areas expands, the need for reliable and efficient energy sources becomes paramount. This demand is projected to increase by approximately 10% over the next five years. Blockchain technology offers innovative solutions for energy distribution and management, enabling real-time tracking and optimization of energy resources. By facilitating peer-to-peer energy trading, blockchain can enhance energy accessibility and affordability, particularly for renewable sources. This shift towards decentralized energy systems aligns with Japan's commitment to sustainability and energy independence, potentially transforming the energy landscape.

Technological Advancements

Technological advancements in blockchain are significantly impacting the energy sector in Japan. Innovations such as smart contracts and decentralized applications are enhancing the efficiency of energy transactions. The integration of Internet of Things (IoT) devices with blockchain technology allows for real-time data sharing and monitoring, which is crucial for optimizing energy consumption. This synergy is expected to reduce operational costs by up to 15% in energy management systems. As these technologies mature, they are likely to drive further adoption of blockchain in the energy market, facilitating more transparent and secure energy trading processes.

Consumer Empowerment and Engagement

Consumer empowerment is a key driver in the blockchain in-energy market in Japan. As awareness of energy consumption and sustainability grows, consumers are increasingly seeking ways to engage in energy management. Blockchain technology facilitates this engagement by allowing consumers to participate in decentralized energy trading platforms. This shift not only promotes energy efficiency but also encourages the use of renewable energy sources. Surveys indicate that over 60% of consumers are interested in participating in peer-to-peer energy trading. By leveraging blockchain, consumers can take control of their energy usage, potentially leading to lower costs and a more sustainable energy future.

Government Initiatives and Policies

The Japanese government is actively promoting the adoption of blockchain technology within the energy sector. Recent initiatives aim to enhance energy efficiency and reduce carbon emissions, aligning with national goals for a sustainable future. The government has allocated approximately $100 million to support research and development in blockchain applications for energy management. These policies encourage innovation and investment in the blockchain in-energy market, fostering collaboration between public and private sectors. As regulatory frameworks evolve, they are likely to create a conducive environment for blockchain solutions, enabling more efficient energy transactions and management practices.

Rising Interest in Renewable Energy

There is a growing interest in renewable energy sources in Japan, driven by environmental concerns and energy security. The blockchain in-energy market is poised to play a crucial role in this transition by enabling efficient tracking and trading of renewable energy certificates. This market is projected to grow by 20% annually as more consumers and businesses seek sustainable energy solutions. Blockchain technology can enhance the transparency and traceability of renewable energy sources, fostering consumer trust and participation. As Japan aims to increase its renewable energy share to 50% by 2030, the blockchain in-energy market is likely to become an essential component of this strategy.

Market Segment Insights

By Application: Energy Trading (Largest) vs. Grid Management (Fastest-Growing)

In the Japan blockchain in-energy market, Energy Trading accounts for a significant share, driven by the increasing demand for efficient trading solutions among energy providers and consumers. Grid Management, while smaller currently, is gaining traction as its importance grows in optimizing energy distribution and ensuring stability in the grid. Renewable Energy Certificates and Supply Chain Management also contribute but are less directly impactful than the leading applications. The growth trends within this segment are primarily driven by technological advancements and a shift toward renewable energy sources. As blockchain technology facilitates increased transparency in Energy Trading, businesses are likely to adopt these solutions more readily. Meanwhile, Grid Management is fast becoming essential due to the rise of decentralized energy resources, requiring sophisticated management tools to ensure efficiency and stability in the energy supply chain.

Energy Trading (Dominant) vs. Supply Chain Management (Emerging)

Energy Trading is currently the dominant application within the Japan blockchain in-energy market, characterized by its robust infrastructure that streamlines transactions and improves overall market efficiency. It enables real-time trading of energy, supporting both traditional and renewable sources. Conversely, Supply Chain Management is an emerging segment focusing on enhancing transparency and traceability in energy distribution. Its adoption is driven by the increasing need for accountability in sourcing and distribution, particularly for renewable energy. Both segments are essential, with Energy Trading leading the way in market share, while Supply Chain Management is set to expand significantly as more stakeholders recognize the benefits of blockchain technology in enhancing supply chain operations.

By Component: Software (Largest) vs. Services (Fastest-Growing)

The market share distribution within the components showcases Software as the largest segment, holding a significant share due to its robust integration within energy management systems and blockchain applications. Hardware follows as a critical component, playing a supportive role while Services, although currently smaller, demonstrate rapid adoption fueled by increasing demand for blockchain solutions in energy management. Growth trends indicate a swift rise in the Services segment, characterized by technical consulting and system integration offerings tailored to blockchain technology. The need for smarter energy solutions and digital transformation drives this momentum. Furthermore, Software continues to expand as it underpins essential functionalities, while Hardware remains essential in facilitating the deployment of these advanced systems, reinforcing the overall ecosystem of Japan blockchain in-energy market.

Software (Dominant) vs. Services (Emerging)

Software is recognized as the dominant force in the Japan blockchain in-energy market, providing critical tools and platforms necessary for energy data management, transaction facilitation, and regulatory compliance. Its established presence allows smooth interactions between various components, enhancing operational efficiency. On the other hand, Services represent an emerging segment striving to gain traction through innovative solutions. This includes consultancy and managed services that help energy companies transition to blockchain-based systems effectively. As both segments evolve, the synergy between them is crucial to driving widespread adoption and maximizing the potential benefits of blockchain in energy applications.

By End Use: Utilities (Largest) vs. Renewable Energy Companies (Fastest-Growing)

The Japan blockchain in-energy market showcases a significant share held by the Utilities segment, reflecting its established role in leveraging blockchain for enhanced operational efficiency and transparency. This segment benefits from regulatory support and a strong need for enhanced data management to optimize energy distribution, securing a commanding position in the overall market structure. On the other hand, the Renewable Energy Companies segment is rapidly gaining traction, driven by increasing demand for sustainable energy practices and innovative solutions. The integration of blockchain technology facilitates better tracking and trading of renewable energy credits, enabling these companies to emerge as front-runners in the transition towards a greener energy model. Factors such as government incentives and technological advancements further fuel this growth trend.

Utilities (Dominant) vs. Renewable Energy Companies (Emerging)

The Utilities segment represents a dominant force in the Japan blockchain in-energy market, characterized by its extensive infrastructure and established operations that allow for seamless integration of blockchain technology. This segment focuses on improving efficiency and reliability through enhanced data management and real-time monitoring capabilities. In contrast, the Renewable Energy Companies segment is emerging as a vital player, capitalizing on the growing emphasis on sustainable practices and innovative energy solutions. These companies leverage blockchain to optimize energy transactions and enhance the traceability of renewable sources, positioning themselves as leaders in driving the country's transition toward a sustainable energy future. Together, these segments reflect a dynamic interplay of established practices and emerging innovations in the energy sector.

By Technology: Public Blockchain (Largest) vs. Private Blockchain (Fastest-Growing)

In the Japan blockchain in-energy market, Public Blockchain holds a significant share, emerging as the largest segment due to its inherent transparency and decentralization benefits. This technology fosters collaboration and security among multiple stakeholders, making it a preferred choice in energy trading and tracking applications. In contrast, Private Blockchain, while smaller in market share, is rapidly gaining traction, driven by enterprises seeking secure, efficient solutions tailored to their specific needs. The growth of Private Blockchain is propelled by the increasing demand for privacy and tailored governance models among companies in the energy sector. With growing concerns over data privacy and regulatory compliance, businesses are increasingly investing in Private Blockchain solutions. Meanwhile, the Public Blockchain is expected to maintain its leading role as more organizations adopt decentralized approaches. The overall market is poised for expansion as innovations arise in blockchain technologies catering specifically to energy needs.

Technology: Public Blockchain (Dominant) vs. Private Blockchain (Emerging)

Public Blockchain stands out as the dominant technology in the Japan blockchain in-energy market, characterized by its open-access and collaborative nature, which encourages widespread participation and innovation. Its decentralized framework allows for enhanced transparency and security during energy transactions, appealing to a variety of stakeholders including consumers, regulators, and energy producers. On the other hand, Private Blockchain is emerging as a vital alternative, particularly among businesses requiring controlled access and customized governance structures. This technology offers enhanced security and efficiency, making it particularly suitable for sensitive applications within the energy sector where privacy and compliance are critical. These contrasting characteristics illustrate the dynamic landscape of blockchain technologies in the energy market.

Get more detailed insights about Japan Blockchain In Energy Market

Key Players and Competitive Insights

The blockchain in-energy market in Japan is characterized by a rapidly evolving competitive landscape, driven by technological advancements and a growing emphasis on sustainability. Key players are increasingly focusing on innovation and strategic partnerships to enhance their market positioning. For instance, Power Ledger (AU) has been actively expanding its platform capabilities to facilitate peer-to-peer energy trading, which aligns with Japan's push for decentralized energy solutions. Similarly, Energy Web Foundation (CH) is concentrating on developing open-source blockchain solutions that support renewable energy integration, thereby enhancing its appeal in a market that values transparency and efficiency.

The competitive structure of this market appears moderately fragmented, with several players vying for market share through localized strategies and supply chain optimization. Companies are increasingly localizing their operations to better cater to regional energy needs, which may enhance their competitive edge. This localized approach, combined with the collective influence of major players, suggests a dynamic environment where innovation and adaptability are crucial for success.

In August 2025, WePower (LT) announced a strategic partnership with a leading Japanese utility company to pilot a blockchain-based renewable energy trading platform. This collaboration is significant as it not only enhances WePower's operational footprint in Japan but also demonstrates the potential for blockchain technology to facilitate more efficient energy transactions. The partnership is likely to set a precedent for future collaborations between blockchain firms and traditional energy providers.

In September 2025, Grid+ (US) launched a new feature on its platform that allows users to track their energy consumption in real-time using blockchain technology. This move is indicative of a broader trend towards digitalization in the energy sector, as consumers increasingly demand transparency and control over their energy usage. By leveraging blockchain, Grid+ enhances user engagement and positions itself as a leader in consumer-centric energy solutions.

In October 2025, LO3 Energy (US) secured funding to expand its microgrid projects in Japan, focusing on integrating blockchain for energy management. This funding is pivotal as it underscores the growing investor confidence in blockchain applications within the energy sector. LO3's initiatives may pave the way for more localized energy solutions, aligning with Japan's energy policy goals.

As of November 2025, the competitive trends in the blockchain in-energy market are heavily influenced by digitalization, sustainability, and the integration of artificial intelligence. Strategic alliances are becoming increasingly important, as they enable companies to leverage complementary strengths and enhance their technological capabilities. The shift from price-based competition to a focus on innovation and supply chain reliability is evident, suggesting that future competitive differentiation will hinge on the ability to deliver cutting-edge solutions that meet evolving consumer demands.

Key Companies in the Japan Blockchain In Energy Market market include

Industry Developments

Recent developments in the Japan Blockchain in Energy Market have shown significant advances, particularly among key players like Tokyo Electric Power Company, Toshiba, and Mitsubishi Electric, who are increasingly adopting blockchain technology to enhance energy management and trading systems.

As of September 2023, companies are exploring new applications of blockchain for improving the efficiency of power distribution and reducing costs, which has led to ongoing collaborations between NEC and Chubu Electric Power in the development of decentralized energy systems.

Notably, in August 2023, a partnership between JERA and Marubeni was announced to utilize blockchain for renewable energy certificate transactions, reflecting a strategic shift toward sustainable practices. Regarding mergers and acquisitions, SoftBank has actively pursued investments in blockchain startups to boost its energy tech portfolio, although no specific deals were finalized in recent months.

The market valuation of companies like Kyushu Electric Power and Sony is positively impacted by the growing adoption of blockchain, as organizations seek to leverage decentralized solutions to enhance operational transparency. Over the past two years, efforts to integrate blockchain within Japan's energy sector have increased, driving innovation and aligning with government initiatives toward a sustainable energy future.

Future Outlook

Japan Blockchain In Energy Market Future Outlook

The blockchain in-energy market in Japan is projected to grow at a 15.7% CAGR from 2024 to 2035, driven by technological advancements, regulatory support, and increasing demand for energy efficiency.

New opportunities lie in:

  • Decentralized energy trading platforms for peer-to-peer transactions.
  • Blockchain-based renewable energy certificates for transparency.
  • Smart contracts for automated energy distribution and billing.

By 2035, the market is expected to be robust, driven by innovation and strategic partnerships.

Market Segmentation

Japan Blockchain In Energy Market End Use Outlook

  • Utilities
  • Oil and Gas
  • Renewable Energy Companies

Japan Blockchain In Energy Market Component Outlook

  • Software
  • Hardware
  • Services

Japan Blockchain In Energy Market Technology Outlook

  • Public Blockchain
  • Private Blockchain
  • Hybrid Blockchain

Japan Blockchain In Energy Market Application Outlook

  • Energy Trading
  • Renewable Energy Certificates
  • Grid Management
  • Supply Chain Management

Report Scope

MARKET SIZE 2024 82.6(USD Million)
MARKET SIZE 2025 95.57(USD Million)
MARKET SIZE 2035 410.78(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 15.7% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled Power Ledger (AU), WePower (LT), Grid+ (US), Energy Web Foundation (CH), LO3 Energy (US), Veridium (US), SolarCoin (US), Slock.it (DE)
Segments Covered Application, Component, End Use, Technology
Key Market Opportunities Integration of decentralized energy trading platforms enhances efficiency and transparency in the blockchain in-energy market.
Key Market Dynamics Rising regulatory support for blockchain solutions enhances transparency and efficiency in energy transactions.
Countries Covered Japan

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FAQs

What is the current market size of the Japan Blockchain in Energy Market in 2024?

The Japan Blockchain in Energy Market is expected to be valued at 82.6 million USD in 2024.

What is the projected market size for the Japan Blockchain in Energy Market by 2035?

By 2035, the Japan Blockchain in Energy Market is anticipated to reach a value of 291.2 million USD.

What is the expected compound annual growth rate (CAGR) for the Japan Blockchain in Energy Market from 2025 to 2035?

The expected CAGR for the Japan Blockchain in Energy Market from 2025 to 2035 is 12.136%.

Which applications are contributing significantly to the Japan Blockchain in Energy Market?

The major applications include Energy Trading, Renewable Energy Certificates, Grid Management, and Supply Chain Management.

How much is the Japan Blockchain in Energy Market for Energy Trading valued at in 2024?

The market for Energy Trading within the Japan Blockchain in Energy Market is valued at 25.0 million USD in 2024.

What is the projected value of the Renewable Energy Certificates application in the Japan Blockchain in Energy Market by 2035?

The Renewable Energy Certificates application is expected to reach a value of 70.0 million USD by 2035.

What is the expected market size for Grid Management in the Japan Blockchain in Energy Market in 2024?

The Grid Management application is expected to be valued at 27.6 million USD in 2024.

Who are the key players in the Japan Blockchain in Energy Market?

Major players include Tokyo Electric Power Company, Toshiba, NEC, and Mitsubishi Electric among others.

What will be the market value for Supply Chain Management by 2035 in the Japan Blockchain in Energy Market?

The Supply Chain Management application is projected to reach a value of 35.2 million USD by 2035.

What challenges and opportunities are currently influencing the Japan Blockchain in Energy Market?

Key challenges include regulatory hurdles while opportunities arise from the increasing need for energy efficiency and renewable sources.

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