Blockchain technology offers a way for untrusted parties to reach consensus on a common digital history. Blockchain technologies combined with IoT devices enables consumers to trade and purchase energy directly from the grid rather than from retailers. The use of blockchain technology to prevent failure in power grids is identified as one of the major factors driving the growth of the blockchain technology in energy market. Enterprises use blockchain technology in power grids to transform them into smart power grids. To identify growth opportunities in the blockchain technology in energy market, the market has been segmented into regions that are growing faster than the overall market.
The Blockchain Technology in Energy Market is expected to reach +40% CAGR during forecast period 2019-2025
According to the Market Research Inc research report, the growing Blockchain Technology in Energy Market is likely to boost the global market substantially over the forthcoming years. Apart from this, the increasing number of driving is projected to add to the growth of this market significantly in the near future. The worldwide market is analyzed on the basis of the various segments and the geographical reach of this market. How the market’s segments are propelling the market in the market scenario is mentioned in this report. The continual rising factors boosting the demand for market notes the research study.
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On the geographical front, the global market is classified into Europe, Asia-Pacific, Middle East & Africa, North America, and Latin America. The leading region of this global market and the region which is projected to continue its dominance over the forthcoming years is given in the study. The key driving force behind the growth of this market in the near future is also presented.
For competitor segment, the report includes global key players of Blockchain Technology in Energy are:
- IBM
- Microsoft
- Accenture
- ConsenSys
- Infosys
- Drift
- Electron
- Btl Group Ltd.
- LO3 Energy Inc
- Power Ledger
The information for each competitor includes:
- Company Profile
- Main Business Information
- SWOT Analysis
- Sales, Revenue, Price and Gross Margin
- Market Share
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Market segment by Type, the product can be split into
- Public Blockchain
- Private Blockchain
- Consortium Blockchain
Market segment by Application, split into
- Electric Power
- Petroleum
- Natural Gas
- Others
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Reasons to Purchase this Report:
- Analyzing the outlook of the Blockchain Technology in Energy Market with the recent trends and SWOT analysis
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- Blockchain Technology in Energy Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
- Competitive landscape involving the Blockchain Technology in Energy Market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major Blockchain Technology in Energy Market players
- 1-year analyst support, along with the data support in excel format.
In this study, the years considered to estimate the market size of Blockchain Technology in Energy are as follows:
- History Year: 2013-2017
- Base Year: 2017
- Estimated Year: 2018
- Forecast Year 2018 to 2025.
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