Blockchain in Energy Market Economic Impact, Development Strategy and Outlook 2018-2023 | Industry Analysis Report Forecast to 2023

“\”Blockchain in Energy Market \””
The global market size for blockchain in energy is expected to increase from USD 180.3 Mn in 2017 to more than USD 5,000 Mn by 2023. Businesses are utilizing blockchain for data management and to track financial transactions and interactions.

Market Definition:

The global market size for blockchain in energy is expected to increase from USD 180.3 Mn in 2017 to more than USD 5,000 Mn by 2023. Businesses are utilizing blockchain for data management and to track financial transactions and interactions. Moreover, it offers a secure channel for businesses to manage data. In today’s world, technologies such as the blockchain are gaining popularity among enterprises and other organizations owing their high relevance. Blockchain can make a significant impact on factors such as operational costs, capital expenditure, risk management, and security. Increased automation with data integrity and security is expected to support the growth of the global blockchain in energy market over the next couple of years. In addition, shifting focus towards enabling real-time transactions and creating more dynamic business models in expected to create market opportunities in near future.

Market Scenario:

MRFR’s market perspective on blockchain in energy includes a detailed observation on the historical market trends, current market scenario, and revenue forecast for the next five years, till 2023. The market sizing offered in the report has been validated by examining several elements. The market assessment based on technology type covers open blockchain, closed blockchain, consortium blockchain, and hybrid blockchain. By platform type, a market analysis has been made for ethereum, hyperledger, tendermint, interbit. Based on implementation type, key segments discussed in the report include service & solution, development platforms and industry specific. End-use industries considered for assessing the overall market revenue include power & utilities, renewable energy and oil & gas. On the basis of application, the scope of discussion covers grid management, energy trading, control & security, payment schemes, supply chain and logistics.

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Key players:

Global Blockchain in Energy Market key players studied are Power Ledger Pty Ltd, WePower UAB, LO3 Energy, Inc, Grid +, BTL Group Ltd., The Sun Exchange (Pty) Ltd, Conjoule GmbH, Enosi Foundation and Electron (Chaddenwych Services Limited).

Intended Audience:

  • Utility infrastructure providers
  • Renewable energy power developers
  • Service providers
  • Consulting companies of the energy and power sector
  • Environmental and regional energy associations
  • Government and research organizations
  • Investment banks
  • Venture Capitalists and Investors
  • Blockchain solution providers

Report Nomenclatures:

Value, Market Share, Player Analysis, value chain analysis, Porter’s five forces model, demand & supply, gap analysis, investment opportunities analysis, pricing analysis, technological trends, country level break down for type, stages, age group, diagnosis & treatment, route of administration, and end-user.

Research Methodology:

The research approach taken by Market Research Future tracks the current trends in the market efficaciously. The reports are astute in highlighting the cycle of disruption that companies are facing in the market and the degree of change they can bring out in the progress of the market. The research process is a collaborative process at our end, which ensure a credible and objective market outlook. The reports consist of data and information that is conducive to fast decision-making and reflects the actual condition of the market. The reports also focus aptly on the next significant trends that can transform the competitive landscape of the market. The growth opportunities of any market are discovered by the constructive use of primary and secondary research. Additionally, the use of top-up and bottom-down approaches enhances the report’s credibility to a great extent.

Other Description:

  • Market Denomination- USD million
  • Base year-2017
  • Forecast Period- from 2017 to 2023

For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for blockchain in energy

By Technology Type:

  • Open Blockchain
  • Closed Blockchain
  • Consortium Blockchain
  • Hybrid Blockchain

By Platform Type:

  • Ethereum
  • Hyperledger
  • Tendermint
  • Interbit
  • Others

By Implementation Type:

  • Service & Solution
  • Development Platforms
  • Industry Specific

By End-Use Industries:

  • Power & Utilities
  • Renewable Energy
  • Oil & Gas

By Applications:

  • Grid Management
    • Microgrid and Smart Grids
    • Energy Storage
  • Energy Trading
    • Smart Contracts
    • Real-time Pricing
    • Peer-to-Peer Trading
  • Control & Security
    • Instant Demand Response
    • Drilling Optimization
    • Compliance Monitoring
  • Payment Schemes
    • As Tokens
    • As Wallets
    • As Cross-Border Payments
  • Supply Chain and Logistics
    • Inventory Management
    • Purchase Order & Validity of Documents

By Region:

  • Europe: U.K, Germany, the Netherlands, and Rest of Europe
  • Asia Pacific: China, Australia, Japan and Rest of Asia Pacific
  • The Middle East & Africa
  • North America
  • Latin America

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Detailed Regional Analysis:

The blockchain in energy market’s regional analysis has been segmented into regions as APAC, North America, Europe, and Rest of the World. The European region is one of the forefront regions in the adoption of the blockchain technology. Germany had accounted for the most significant market share of 55.88% in 2017, with a market value of USD 46.6 million and is projected to grow at the highest CAGR of 81.49% during the forecast period. The North American region is one of the principal markets for the blockchain in the energy industry. Furthermore, the region is witnessing rapid growth in blockchain based energy projects as renewable-based energy generation sources are progressively contributing to the rising power demand of the region. The U.S. accounted for the most significant market share of 76.16% in 2017, with a market value of USD 55.8 million and is estimated to develop at the high CAGR of 77.68% during the forecast period.

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