Accenture: Blockchain Technology in the Energy Sector Market Analysis, Size, Regional Outlook, Competitive Strategies and Forecasts to 2026, Focusing on Top Key Players Like Oracle Corporation, Microsoft Corporation, Deloitte, IBM Corporation, Grid+, Noda
Blockchain technology offers a peer-to-peer energy trading model. It enables producers with energy-producing sources such as solar panels to trade their unused energy back to the grid. Several startups and utilities are developing pilots to explore the possibilities and opportunities offered by blockchain technology. For instance, Brooklyn Microgrid is developing an app to enable energy trading between consumers in a neighbourhood within the borough.
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The demand for Blockchain technology in the energy sector market has increased owing to rising need for faster and safer transactions. The increasing adoption of Blockchain-As-A-Service, growing trend of smart payments and contracts, and rising acceptance of cryptocurrency supports the growth of the market. The reduced total cost of ownership, increased mobile broadband speeds, and reduced costs of bandwidth and computing has increased the adoption of Blockchain technology in the energy sector.
The Blockchain Technology In The Energy Sector Market report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Blockchain Technology In The Energy Sector, 2017-2026.
This report comprises a detailed geographic distribution of the Blockchain Technology. The Market is segmented across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
The Asia-Pacific Blockchain Technology In The Energy Sector Market generated the highest revenue in 2017 owing to increasing need for secure transactions, increased mobile broadband speeds, and reduced costs of bandwidth and computing in this region. The increasing trend of cryptocurrency, and established energy sector boost the growth of Blockchain technology in the region.
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Competitive Landscape and Key Vendors
The global Blockchain technology in the energy sector market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The leading companies profiled in the Blockchain Technology In The Energy Sector Market report include Accenture, Oracle Corporation, Microsoft Corporation, Deloitte, IBM Corporation, Grid+, Nodalblock, SAP SE, Power Ledger Pty Ltd, and Amazon Web Services, Inc.
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• Energy Trading
• Grid Management
• Supply Chain Management
• Payment Schemes
• Oil and Gas
• North America
o Rest of Europe
o Rest of Asia-Pacific
• Latin America
o Rest of Latin America
Middle East and Africa.
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