Blockchain Technology Market in Energy Sector Revenue to Reach $10,287 Million By 2026 | Industry Participant: Accenture, Deloitte, IBM Corporation, Grid+, Nodalblock, SAP SE and others.
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The growing adoption of Blockchain-As-A-Service, and increasing market for alternative cryptocurrencies has boosted the adoption of Blockchain technology in the energy sector. Merchants are increasingly accepting cryptocurrencies owing to high transaction speeds and immutability. The rising penetration of mobile devices, increased mobile broadband speeds, and reduced costs of bandwidth further support the growth of the global blockchain technology in the energy sector market is segmented on the basis of type, application, end-user, and region.
On the basis of type, the market is segmented into Public, and Private. The application segment is bifurcated into Energy Trading, Grid Management, Supply Chain Management, Payment Schemes, and others. The end-user segment is divided into Oil and Gas, Power, and others.
Increasing investments by vendors in technological advancements coupled with advancements in broadband technology would accelerate the growth of the Blockchain technology in the energy sector market during the forecast period. Growing demand from emerging economies, and technological advancements are expected to provide numerous growth opportunities in the coming years.
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Asia-Pacific Blockchain Technology in the Energy Sector Market generated the highest revenue in 2017. The rising security concerns, and high transaction speeds and immutability offered by blockchain technology support the growth of the market. The increased mobile broadband speeds, and reduced costs of bandwidth and computing boost the market growth in the region. The growing adoption of Blockchain-As-A-Service, increasing trend of smart payments and contracts, and technological advancements are expected to offer growth opportunities during the forecast period.
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. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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Blockchain Technology In The Energy Sector Market Size and Forecast, 2017-2026 by Type
• Key Findings
Blockchain Technology In The Energy Sector Market Size and Forecast, 2017-2026 by Application
• Key Findings
• Energy Trading
• Grid Management
• Supply Chain Management
• Payment Schemes
Blockchain Technology In The Energy Sector Market Size and Forecast, 2017-2026 by End-User
• Key Findings
• Oil and Gas
Blockchain Technology In The Energy Sector Market Size and Forecast, 2017-2026 by Region
• North America [U.S., Canada]
• Europe [Germany, UK, France, Italy, Spain, Belgium, Netherlands, Rest of Europe]
• Asia-Pacific [China, India, Japan, South Korea, Singapore, Malaysia, Rest of Asia-Pacific]
• Latin America [ Brazil, Mexico, Argentina, Rest of Latin America]
• Middle East and Africa [Israel, South Africa, Saudi Arabia, UAE, Rest of MEA]
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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
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