Global Peer-to-Peer Energy Trading Platforms Market Size, Share Analysis Report By Type (Over the Grid Trading, Partly Independent Microgrid, Fully Independent Microgrid), By Component (Hardware, Software, Services), By Energy Type (Solar, Wind, Bio-energy, Others), By End User (Residential, Commercial, Industrial), Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2025-2034

Report Overview

The Global Peer-to-Peer Energy Trading Platforms Market size is expected to be worth around USD 10,382 Million By 2034, from USD 556.2 Million in 2024, growing at a CAGR of 34% during the forecast period from 2025 to 2034. In 2024, North America held a dominant market position, capturing more than a 36.2% share, holding USD 201.3 Million revenue.

The Peer‑to‑Peer Energy Trading Platforms Market is in a phase of dynamic transformation, driven by the shift toward decentralized energy systems. In this emerging landscape, households and businesses equipped with renewable generation – such as solar PV and storage – are enabled to directly trade surplus power with peers via digital platforms.

This transformation is being driven by rapid advancements in blockchain, smart contracts, Internet of Things (IoT), and Virtual Power Plant (VPP) technologies. Together, these innovations enable peer-to-peer energy exchange, enhance market transparency, and support automated energy trading, marking a shift toward more decentralized and intelligent energy systems.

A crucial catalyst for market expansion is the rising adoption of distributed energy resources (DERs) by both consumers and prosumers. These resources promote energy democratization and faster integration of renewables into local grids. Regulatory encouragement – through sandbox initiatives and evolving energy policies – further accelerates platform pilot projects and experimentation across regions.

Demand has been building from residential communities, microgrids, and utility-scale operators. Participants are drawn by prospects of cost savings, community sharing models, and sustainability alignment. Moreover, commercial-interest in VPP integration is elevating demand for these platforms, as aggregated DERs prove effective for trading and reliability services.

Key Takeaways

• The Global Peer-to-Peer Energy Trading Platforms Market was valued at USD 556.2 Million in 2024 and is projected to grow significantly to USD 10,382 Million by 2034, registering an impressive CAGR of 34% during the forecast period.
• North America emerged as the leading region, accounting for more than 36.2% of the global market share, with a market size of USD 201.3 Million in 2024.
• The U.S. market specifically recorded a value of USD 182.0 Million in 2024, supported by strong policy backing and technological readiness, growing at a CAGR of 31.5%.
• Over the Grid Trading dominated the type segment, contributing 38.4% share, as grid-connected peer energy models gain popularity in urban and suburban areas.
• The Hardware segment led the market by component, accounting for 45.6% of the share, driven by rising deployment of smart meters, blockchain nodes, and IoT-enabled devices.
• Solar energy emerged as the primary traded energy type, holding 35.5% share, owing to its widespread adoption in residential and commercial installations.
• Commercial users accounted for the highest end-user share at 40.4%, as businesses increasingly adopt decentralized energy models to manage costs and meet sustainability goals.

According to Market.us, The Virtual Power Plant (VPP) Market was valued at USD 2.1 Billion in 2023 and is projected to reach approximately USD 20.7 Billion by 2033, expanding at a robust CAGR of 25.7% during the forecast period from 2024 to 2033. This rapid growth is driven by the rising use of distributed energy resources, a strong shift toward grid decentralization, and the growing demand for real-time energy optimization and flexible power management.

An Increasing Adoption of Technologies is observed through the integration of blockchain, IoT, and advanced analytics. Blockchain enables secure, transparent, and automated energy transactions via smart contracts, eliminating the need for a central coordinator. Meanwhile, the proliferation of smart meters, distributed energy resources, and machine-learning-based bidding systems supports real-time matching and pricing, enhancing scalability and efficiency for larger prosumer communities.

The Investment Opportunities in this sector are significant, particularly in platforms that combine blockchain‑enabled local markets with grid-aware technologies. Strategic areas for capital infusion include blockchain platforms for residential communities, smart-contract ecosystems, and flexible energy hubs that integrate demand-response and storage.

Energy retailers and aggregators are exploring hybrid roles to participate in P2P markets without undermining decentralization, further expanding business model opportunities. As decentralized trading models mature, investment in scalable, secure, and regulatory‑compliant systems is expected to increase substantially.

US Market Expansion

The US Peer-to-Peer Energy Trading Platforms Market is valued at approximately USD 182 Million in 2024 and is predicted to increase from USD 715.99 Million in 2029 to approximately USD 2,814.0 Million by 2034, projected at a CAGR of 31.5% from 2025 to 2034. The rapid growth of this market within the U.S. can be attributed to a combination of regulatory support, technological leadership, and consumer engagement.

One of the key reasons for the U.S. market’s leadership is the country’s advanced deployment of smart grid infrastructure and distributed energy resources (DERs). The proliferation of rooftop solar systems, residential battery storage, and smart meters provides the technical foundation for decentralized energy trading. States like California, New York, and Texas have implemented grid modernization policies and dynamic pricing models that incentivize peer-based energy exchange.

In 2024, North America held a dominant market position in the peer-to-peer energy trading platforms sector, capturing more than 36.2 % of global share and generating approximately USD 201 million in revenue. This leadership can be attributed to a confluence of market enablers: a highly advanced smart grid infrastructure, aggressive deployment of distributed energy resources (DERs) such as rooftop solar and battery systems, and a receptive regulatory environment that actively supports prosumer-driven energy models.

The region’s mature energy markets have been conducive to innovation, with multiple pilot projects showcasing the effectiveness of blockchain-enabled and hybrid trading platforms. In addition, North American utilities and technology providers have invested substantially in virtual power plants (VPPs), microgrids, and IoT‑based solutions. Such initiatives have reinforced the region’s ability to integrate prosumer-generated power and foster decentralized energy exchanges at scale.

By Type Analysis

In 2024, the Over the Grid Trading segment held a dominant market position, capturing more than a 38.4% share. This prominence is underpinned by the segment’s minimal infrastructure requirements: participants remain connected to the central grid while buying or selling power directly via peer-to-peer platforms.

This setup lowers the barriers to entry by eliminating the need for heavy investment in microgrid construction, making it highly accessible to households, small businesses, and prosumers. In addition, participants benefit from cost savings on the premiums typically charged by energy retailers for managing price and volume risk.

The leadership of Over the Grid Trading is further reinforced by its flexibility and efficiency gains. With smart metering technologies combined with AI-driven analytics, participants can actively manage consumption behavior – shifting usage to off-peak periods, achieving peak shaving, and securing access to locally generated green energy with greater market certainty.

The model also enables individuals and organizations to reduce exposure to energy price volatility by controlling their own trades and optimizing their energy portfolios. Collectively, these advantages have contributed to Over the Grid Trading’s strong market adoption and its position as the leading segment in peer-to-peer energy trading.

By Component Analysis

In 2024, the Hardware segment held a dominant market position, capturing more than a 45.6% share of the Peer‑to‑Peer Energy Trading Platforms market. This leadership is anchored in the fundamental role played by physical components – such as smart meters, energy routers, and IoT-enabled sensors – which establish the essential infrastructure for accurate measurement, secure transmission, and real‑time communication of energy trades.

The upfront deployment of hardware ensures trust in transaction integrity and system reliability, and these devices bridge the gap between energy producers and consumers engaged in peer‑to‑peer exchanges. This segment’s dominance is further strengthened by the growing integration of distributed energy resources (DERs), including rooftop solar, battery systems, and local storage units.

Hardware facilitates seamless interoperability with the central grid and local microgrids, enabling features such as bidirectional power flow, automated demand‑response, and dynamic tariff signalling. As the number of prosumers and DER installations expands, hardware demand grows proportionally – particularly in regions investing heavily in smart grid upgrades and decentralized energy architectures .

By Energy Type Analysis

In 2024, the Solar segment held a dominant market position in the peer-to-peer energy trading platforms market, capturing more than a 35.5% share. This leadership is primarily driven by the rapid global adoption of distributed solar photovoltaic (PV) installations, which has empowered households and small businesses to generate and share surplus solar energy efficiently.

As a result, solar-based trading has naturally become the most prevalent energy type transacted through peer-to-peer platforms, benefiting from the ease of integration with existing rooftop systems and smart inverter technology. The prominence of the Solar segment is further supported by favorable economic and environmental dynamics.

Declining costs of solar panels and installation services have democratized access to solar generation, thus increasing the number of prosumers entering the marketplace. These participants can monetize excess generation by trading locally, often achieving more attractive returns compared to feeding back into traditional grids.

Additionally, the solar-focused P2P model aligns with policy objectives – including renewable energy targets and decentralized grid mandates – reinforcing its adoption through incentives and regulatory support. Furthermore, the Solar segment benefits from the synergy between solar generation and energy storage solutions, which enhances its appeal within the peer-to-peer ecosystem. Though storage may trade as a separate category, many solar prosumers pair their PV systems with batteries.

By End User Analysis

In 2024, the Commercial segment held a dominant market position in peer-to-peer energy trading platforms, capturing more than a 40.4% share. This prominence is driven by the segment’s scale and flexibility: businesses such as retail centers, office complexes, and hospitality facilities own significant rooftop solar or energy storage assets, enabling them to generate and trade surplus power.

Commercial entities have been fast adopters due to the direct operational benefits – such as cost reduction, energy bill smoothing, and improved sustainability credentials – which align closely with their strategic goals for environmental responsibility and corporate cost management.

The leadership of the Commercial segment is further reinforced by its advanced infrastructure readiness and participation in emerging energy markets. Commercial buildings are typically equipped with smart meters, IoT devices, and energy management systems, enabling precise measurement and real-time adjustment of energy flows.

This technological maturity supports efficient peer-to-peer transactions, allowing businesses to optimize usage profiles, reduce peak demand charges, and sell surplus production directly to neighboring entities or internal subsidiaries. Such capabilities generate tangible financial savings, reinforcing commercial adoption and solidifying its market leadership .

Key Market Segments

By Type

• Over the Grid Trading
• Partly Independent Microgrid
• Fully Independent Microgrid

By Component

• Hardware
• Software
• Services

By Energy Type

• Solar
• Wind
• Bio-energy
• Otheres

By End User

• Residential
• Commercial
• Industrial

Market Dynamics

Key Regions and Countries

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Singapore
  • Thailand
  • Vietnam
  • Rest of Latin America
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

Key Player Analysis

Powerledger moved its system onto the Solana mainnet in late 2024 to boost speed and cut costs, while also allowing seamless token transfers between Ethereum and Solana using Wormhole NTT in early 2025. These updates help its platform handle more energy trades and make token use easier  - an important step for its peer-to-peer energy trading tools TraceX and Transactive.

sonnen teamed up with SOLRITE Energy, Abundance Energy, and Energywell in Texas to deploy a massive virtual power plant (VPP). They installed home batteries under a power-purchase-agreement (PPA) model, enrolling over 3,000 homes by early 2025, with a capacity of 60 MWh. This network helps stabilize the grid, saves customers money, and scales toward becoming the largest U.S. VPP.

Top Key Players Covered

• Powerledger
• List.Solar
• Hager Group
• LO3 Energy Inc.
• Tata Sons.
• Jatapp
• sonnen GmbH
• SunContract
• Eemnes Energie
• Powerpeers
• WePOWER
• Others

Recent Developments

• In January 2025, Powerledger’s TraceX platform reached a milestone of over 1.2 million Renewable Energy Certificates (RECs) traded, demonstrating scaled adoption in environmental commodities markets. Additionally, Powerledger integrated with the Solana Mainnet to boost innovation and improve transaction speed.

Report Scope