Global Blockchain in Energy Market 2019: Industry Analysis Research Report
Posted by abhi0210 on May 13th, 2019
Blockchain in Energy Market Research Report - Forecast to 2023. Global Blockchain in Energy Market Report Information by Technology Type, By Platform, By Implementation, By End-Use, By Region - Forecast Till 2023.
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 todays 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.
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.
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.
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).
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.
Europe accounts for the largest regional segment in the global blockchain in energy market due to the regions forward-thinking the approach to the adoption of blockchain platforms in the energy sector. The European Commission has recently launched the EU Blockchain Observatory & Forum with the aim of understanding the key developments in the blockchain technology and to promote European players to develop and invest in blockchain activities. Investments in this technology are encouraged by the fact that blockchain platforms offer substantial reductions in operating costs, transparency and security. Countries such as the U.K, France, Germany, Spain, Norway, and the Netherlands are a part of 22 European nations which have formed a blockchain partnership in an effort to freely exchange information which will assist in advancing applications of the technology.
North America possesses the second most significant segment in the global market and closely follows Europe. There is a rapid growth in blockchain based energy projects as the adoption of renewable energy grows in order to meet the burgeoning demand for power in the region. Use of blockchain platforms in the region is expected to reduce costs, and solve data management complications. The use of blockchain technology for data management, development of new business models and to keep a better track of clean energy generated is expected to drive growth in the region during the forecast period.
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