Blockchain in Energy Industry Market Development Strategy, Future Plans Analysis And Outlook 2018 -2023| Global Leaders: Grid+ (U.S), Grid Singularity (Germany), Impact PPA (U.S), Exergy (LO3 energy).| Industry is expected to grow at 29% CAGR Forecast to

Market Highlights

The global energy industry in recent years has been witnessing uncertainties, such as the unexpected drop in oil prices. But, the industry has identified Blockchain technology as the single most uncertainty within the digitization elements that can have a far greater impact than the oil price drop. This is chiefly because, the global energy industry has been playing a major role in fueling the global economy since the industrial revolution. Digitization has continuously been changing the global energy industry 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 industry operates.

Blockchain in energy industry aims at multi-locational data structures, which will inherently provide robustness and flexibility to the operations. The technology has a very unique benefit wherein it can be shared across multiple organizations but not dominated by anyone. Data security is also guaranteed as the enlisted transactions cannot be erased, which will result in increased integrity of operations. This will ultimately result in more direct relationship between the energy suppliers and their clients.

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Key Players
• rid+
• Grid Singularity
• Impact PPA
• Exergy (LO3 energy)
• The Sun Exchange (Pty) Ltd
• WePower UAB
• BTL Group Ltd.

Scope of the Report

This report provides an in-depth analysis of the global blockchain in energy industry market, tracking five market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the blockchain in energy industry market by its technology type, Platform Type, Implementation type, end-use industry type, application and by region.

• By Technology Type
• Open Blockchain
• Closed Blockchain
• Consortium Blockchain
• Hybrid Blockchain
• By Platform Type
• Ethereum
• Hyper ledger
• Tendermint
• Interbit
• Others
• By Implementation Type
• As Service and Solution
• Development Platforms
• Industry Specific
• Others
• By End-Use Industries
• Power & Utilities
• Renewable Energy
• Oil&Gas
• By Application
To be continued.......

Segments

Global Blockchain in Energy Industry 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.

Market Research Analysis

Grid management and peer-to-peer energy trading services are expected to command a major market share
The global blockchain in energy industry is segmented based on technology type, platform type, implementation type, end-use industries, and by applications across the different regions of the world. With the ability to monitor and facilitate decentralized applications, blockchain implementation in energy industry is expected to create new business models, such as peer-to-peer energy trading facilities. With this, customers can choose whom they want to share the energy generated by them and it can be done without any third party or consortiums intervention. This is highly beneficial, 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.

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