Blockchain in Energy Market is Expected a Rapid Growth at a CAGR of 29% by 2023 |Global Industry Top Key Players: Grid+, Grid Singularity, Impact PPA, Exergy , Omega Grid

Blockchain in Energy Market, predicted to grow at more than 29% by 2023 :
Global Blockchain in Energy Market Research Report by Technology Type, Platform type, Implementation type, Application , End-use – Forecast till 2023.The global Blockchain in Energy Market is expected to witness a stagnation in growth during the forecast period. This is due to the considerable growth in the power sector with population boom along with the rise in energy demand in various regions. The growth is primarily attributed to the need for uninterruptible power by major end-user across all the regions.

Blockchain in Energy Market Highlights:-

Global energy and power players can choose to implement the technology as service and solution providers, as a testing out phase as development platforms, can implement them as industry-specific solutions. For instance, a utility provider can choose their solar generation and distribution services alone to be powered by blockchain technologies to expand their operational flexibility and engage more customers. To do this, the next component, i.e., which is the platform type is extremely important. Several blockchain platform types are available with specific benefits such as increased security, tried and tested platform based and application specific developments, such as EV charging and payment process.

Digitization has continuously been changing the global energy market dynamics along with the consumer inclination. The Blockchain technology in energy sector is expected to take it to the next step as it has the potential to change the fundamental way the global energy market operates.

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Industry Top Key Players:-

The key players of global blockchain in energy market are  WePower UAB (Republic of Lithuania), and BTL Group Ltd.(Canada). Global blockchain (Canada), Electron (Chaddenwych Services Limited) (U.K), PONTON GmbH (Germany), Stedin Group (Netherlands), Power Ledger (Australia), Conjoule (Germany), Grid+ (U.S), Grid Singularity (Germany), Impact PPA (U.S), Exergy (LO3 energy) (U.S), The Sun Exchange (Pty) Ltd (South Africa),OURSOLARGRID (ITP Innovative Technology Projects GmbH) (Germany), and Omega Grid (U.S) are among others.

Market Segmentations:-

Global Blockchain in energy market has been segmented based on technology type, platform type, Implementation type, by end-use industries, by application and by region. With increasing number of decentralized energy generation services such as solar PV’s and small-scale wind energy, blockchain technology facilitates the trading of energy through the platform. Especially, peer-to-peer trading in applications is expected to dominate the industry as several startups and utilities are currently investing in this space. This is followed by the smart contracts generation application which are expected to be instantaneous using blockchain technology. The global utilities, blockchain companies and small-time power providers are increasingly looking to exploit these explicit benefits blockchain provides in this particular segment. 

Table Of Content:-

1 Executive Summary

2 Scope Of The Report

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Bargaining Power Of Suppliers

3.1.4 Threat Of Substitutes

3.1.5 Segment Rivalry

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

 

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Blockchain in Energy Market Regional Analysis: –

Especially in regions and places where there is more distributed energy sources such as solar power generation and small-scale wind.  Hence peer-to-peer application is expected to show rapid growth rate. Besides, in the energy sector, the power and utilities operations is witnessing a number of blockchain based projects as more and more utilities and blockchain players are teaming with investment collaboration to check and expand the potential of this technology. On the other hand, major oil and gas companies, such as BO, Shell, and Statoil are all joining forces to create a common blockchain based platform for oil and gas operations. Blockchain in energy industry has huge potential as it can considerably remove the intermediary processes along with faster and secure implementation of operations.

 

 

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