Blockchain in Energy Market Expands at CAGR of 78.32% by 2023, Reach at US$ 7,110.1 million

ReportsnReports offers blockchain in energy market research report. The leading players in the blockchain in energy market include Microsoft (US), Accenture (Ireland), IBM (US), Infosys (India), and SAP (Germany). Origin Energy, one of the leading energy providers of Australia, in a partnership with Power Ledger plans to adopt new energy trading platforms to maintain the record of buying and selling energy. The Australian government is also planning to invest more to gain the benefits of blockchain in energy market.

Browse Free PDF Sample of 71 Market Data Tables and 37 Figures, 18 Profiled Companies spread through 142 Pages and In-depth TOC on “Blockchain in Energy Market” at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1602667

The blockchain in energy market is projected to reach USD 7,110.1 million by 2023, from an estimated USD 394.3million in 2018, at a CAGR of 78.32%. This growth can be attributed to the increasing popularity of the blockchain technology in the energy sector, high transaction speeds and immutability, and the rising security concerns across the globe.

Premium Insights
1 Attractive Opportunities in the Market During the Forecast Period
2 Blockchain in Energy Market, By Country
3 European Market, By Application & Country
4 Market, By End-User
5 Market, By Component
6 Market, By Type

Market Overview
1 Introduction
2 Market Dynamics
3 Drivers
3.1 Increasing Popularity of the Blockchain Technology in the Energy Sector
3.2 Manages Infrastructure and Other Business Functions Through High Transaction Speed and Immutability
3.3 Low Cost of Bandwidth and Computing
3.4 Rising Security Concerns Across the Globe
4 Restraints
4.1 Lack of A Common Set of Regulatory Standards and Uncertain Regulatory Landscape
4.2 Concerns Related to the Authenticity of Users
5 Opportunities
5.1 Increasing Venture Funding and Investments in the Blockchain Technology
5.2 Innovation Across International Trade and Supply Chain Management
6 Challenges
6.1 Lack of Awareness and Technical Understanding About the Blockchain Technology
6.2 Opposition From Incumbents

Explore Here for More Information on Blockchain in Energy Market with Forecast and Company Profiles at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1602667

The private segment held the largest market share in 2017 and is estimated to be the fastest growing segment during the forecast period. The private segment provides more security over public blockchain. It can be utilized for various use cases including smart contracts, asset registry, and digital identity for various application such as energy trading and payment schemes.

Blockchain in Energy Market, By End-User
1 Introduction
2 Power Sector
3 Oil & Gas Sector

Blockchain in Energy Market, By Application
1 Introduction
2 Grid Management
3 Energy Trading
4 Government Risk and Compliance Management
5 Payment Schemes
6 Supply Chain Management
7 Others

The Asia Pacific is expected to be the largest market for blockchain in energy market in 2023 and is projected to grow at the highest CAGR during the forecast period. Australia accounted for the largest share of the blockchain in energy market in the Asia Pacific in 2017 as it is one of the early adopters of the blockchain technology in the region. For instance, Origin Energy, one of the leading energy providers of Australia, in a partnership with Power Ledger plans to adopt new energy trading platforms to maintain the record of buying and selling energy. The Australian government is also planning to invest more to gain the benefits of blockchain in energy market.

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

• By Company Type: Tier 1- 65%, Tier 2- 21%, and Tier 3- 14%
• By Designation: C-Level- 28%, Managers- 36%, and Others- 36%
• By Region: Asia Pacific-57%, North America-13%, and South America 5%, and RoW-25%

Inquire on Blockchain in Energy Market by Type (Private, Public), Component (Platform, Services), End-user (Power, Oil & Gas), Application (Energy Trading, Grid Management, Payment Schemes, Supply Chain Management), and Region - Global Forecast to 2023 at https://www.reportsnreports.com/contacts/discount.aspx?name=1602667

Why Buy this Report?
• The report identifies and addresses key markets for blockchain in energy market, which would help manufacturers review the growth in demand.
• The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
• The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

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This release was published on openPR.