Blockchain in Energy Market 2019 Dynamics, Trends, Opportunities and Forecast Up

Posted by Faraz on December 10th, 2019

Blockchain technology is still in nascent stage however, its benefits laid to its increased adoption in every sector, with energy sector being one of the most potential sectors. In the energy sector, blockchain technology substantially reduces energy inefficiency and inequality and reduces transaction costs and increase the efficiency of exchanges. It facilitates real-time customer utility interactions and offers renewable energy credits to the customer. Blockchain has the capability of managing infrastructure cooperability through high transaction speed and immutability. This, in turn, is marking the adoption of blockchain in every sector, more appropriately in the energy sector.

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Some of the players operating in the global blockchain in energy market include LO3 Energy, Inc., IBM Corp., Power Ledger Pty Ltd., ConsenSys AG, SAP SE, The Sun Exchange (Pty) Ltd., and WePower UAB.

Blockchain in energy market is growing significantly owing to the demand for energy-efficient solution and minimizing transaction cost. The global blockchain energy market is expected to reach a significant market size by 2025. Most of the companies are tying with the blockchain startups to start the blockchain operations on energy, grid management and supply chain.

According to OMR analysis, North America contributed significantly to the global blockchain energy market in 2019. The presence of major blockchain software and service providers in North America is driving the growth of the market. Few market players include LO3 Energy Inc., US IBM Corp, Power Leger Pvt. Ltd. and so on. The market is driven by merger and acquisition, partnership, collaboration and product launch. For instance, in February 2018, an agreement was signed between Power Ledger Pvt. Ltd. and Clean Energy Blockchain Network (CERN) regarding renewable energy through blockchain technology.

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Blockchain in Energy Market Target Audience:

Market Players

•          Raw Material Suppliers and Distributors
•          Industrial Research Consultants
•          Government & Regional Agencies and Other Regulatory Bodies
•          Technology Investors
•          Original Equipment Manufacturers (OEMs)
•          Research Institutes and Organizations

Blockchain in energy market research report includes the in-depth analysis of each segment from 2018 to 2025 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment is determined for the forecast period (2019-2025).

Historical & Forecast Period

2017 – Historical Year for Blockchain in Energy Market

2018 – Base Year for Blockchain in Energy Market

2019-2025 – Forecast Period for Blockchain in Energy Market

The report titled “Blockchain in Energy Market” offers an overview of the blockchain in energy industry covering market definitions, product classifications, and key vendors in the industry chain structure. The quantitative and qualitative analysis is provided for the global blockchain in energy market considering competitive landscape, current market trends, and key driving factors prevailing in the blockchain in energy industry.

Scope of Blockchain in Energy Market Report:

The research study analyzes the global blockchain in energy industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

•          Recent Developments
•          Market Overview and Growth Analysis
•          Import and Export Overview
•          Current Market Trends and Future Outlook
•          Market Opportunistic and Attractive Investment Segment

Geographic Coverage:

•          North America Market Size ($ million)
•          Europe Market Size ($ million)
•          Asia-Pacific Market Size ($ million)
•          Rest of the World Market Size ($ million)

Key questions answered by Blockchain in Energy market report

•          What was the blockchain in energy market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025)?
•          What will be the CAGR of blockchain in energy market during the forecast period (2019-2025)?
•          Which segments (Deployment/application/end-user) were most attractive for investments in 2020? How are these segments expected to grow during the forecast period (2019-2025)?
•          Which manufacturer/vendor/player in the blockchain in energy market was the market leader in 2018? Overview of the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

About Orion Market Research

OMR provide global and regional market reports of various domains such as healthcare, energy, IT, chemicals, and automobiles. OMR provide a 360-degree view of the market with parametric analysis, key market insights, key findings, statistical forecasts, competitive landscape, extensive segmentation, key trends, strategic recommendations and detailed company profiles.

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Media Contact:

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Contact Person: Mr. Anurag Tiwari

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Source: Global Blockchain in Energy