Blockchain in Energy Market Global Trend, Segmentation and Opportunities by 2023 | Top Key Players: Conjoule GmbH , Power Ledger Pty Ltd ,LO3 Energy, Inc , Grid +

Blockchain in Energy Market Overview:-

With increasing start-ups and energy major collaboration and investment in the blockchain technology, the market is expected to witness a significant growth during the coming years. This increased collaboration has the potential to completely transform the energy industry. For example, blockchain technology offers power companies easier and more accurate way of streamlining the way the power industry operates. Pilot studies and small-scale implementation are increasingly focused around the peer-to-peer energy trading with special focus on microgrids and solar systems. The major hurdle for the blockchain implementation in energy sector is expected to be the uncertainty in regulatory policies and their integration with the existing systems of operation.

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Global Blockchain in Energy Market Competitive Analysis:-

The forecast for growth and innovation has improved at a rapid pace effectively modifying the market. The significant players in the market have implemented various strategies to preserve and expand their market share. The key players of global solar panel market are WePower UAB (Republic of Lithuania), Conjoule GmbH (Germany), Power Ledger Pty Ltd (Australia),LO3 Energy, Inc (U.S.), Grid + (U.S.), BTL Group Ltd. (Canada), Enosi Foundation (Australia), The Sun Exchange (Pty) Ltd. (South Africa), and Electron (Chaddenwych Services Limited) (U.K).

Europe region in Blockchain in Energy Industry market holds the highest market share in 2017.

Currently, the Europe region has the largest number of Blockchain projects in Energy Industry. U.S., Canada, and Australia in the Asia Pacific region are also among the major markets of blockchain in energy industry, globally. The North America region and Europe are expected to register the highest market share during the forecast period. In the Europe region, companies in U.K, Germany and the Netherlands are already offering their initial coin offering or tokens for blockchain projects. On the other hand, in Australia, companies such as Power ledger are planning to develop loyalty programs for the use of their tokens. Several new ancillary support services, such as charging of EV and payment for this through the blockchain platform are also being trialed and tested by the companies.

Scope of the Report:-

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

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By Implementation Type
• As Service and Solution
• Development Platforms
• Industry Specific
• Others

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

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