Blockchain in Energy Market is Predicted to Grow at 74.45 % CAGR by 2023 | Industry Insights Analysis and International Manufacturers: Power Ledger Pty Ltd, WePower UAB, LO3 Energy, Inc, Grid +, BTL Group Ltd.

Blockchain in Energy Market Overview:-

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 in 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 the modern world, technologies such as the blockchain are gaining popularity among enterprises and other organizations owing their high relevance. Blockchain can 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 of more dynamic business models in expected to create market opportunities in near future.

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Report Nomenclatures:-

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.

Industry Top Key players:-

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).

Research Methodology:-

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By Technology Type
• Open Blockchain
• Closed Blockchain
• Consortium Blockchain
• Hybrid Blockchain

By End-Use Industries
• Power & Utilities
• Renewable Energy
• Oil & Gas

By Applications
• Grid Management
o Microgrid and Smart Grids
o Energy Storage

Energy Trading
o Smart Contracts
o Real-time Pricing
o Peer-to-Peer Trading

Control & Security
o Instant Demand Response
o Drilling Optimization
o Compliance Monitoring

Payment Schemes
o As Tokens
o As Wallets
o As Cross-Border Payments

Supply Chain and Logistics
o Inventory Management
o Purchase Order & Validity of Documents

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By Region
• Europe: U.K, Germany, the Netherlands, and Rest of Europe
• Asia Pacific: China, Australia, Japan and Rest of Asia Pacific
• The Middle East & Africa
• North America
• Latin America

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This release was published on openPR.