Blockchain Technology in the Energy Sector Industry Growth, Competitive Analysis, Future Prospects 2026:Accenture, Oracle Corporation, Microsoft Corporation, Deloitte, IBM Corportaion, Grid+, NOdalblock, SAP SE, Power Ledger Pty. Ltd. and Amazon Web Servi

Blockchain Technology in The Energy Sector Market report provides a thoroughly researched abstract of the key players with considerable shareholdings at a global level regarding demand, sales, and income by providing better products and services. Research Report outlines a forecast for the Blockchain Technology in The Energy Sector market between 2018 and 2026. In terms of value, the Blockchain Technology in The Energy Sector industry is expected to register a steady CAGR during the forecast period.

The global blockchain technology in the energy sector market is anticipated to reach over USD 10,287 million by 2026 growing at a CAGR of 52.9% during the forecast period according to a new study published by Polaris Market Research. The report "Blockchain Technology in the Energy Sector Market Share, Size, Trends, Industry Analysis Report By Type (Public, Private); By Application (Energy Trading, Grid Management, Supply Chain Management, Payment Schemes, Others); By End-User (Oil and Gas, Power, Others); By Regions, Segments & Forecast, 2018 - 2026" provides a comprehensive analysis of present market insights and future market trends.

Access insightful study with over 100+ pages, list of tables & figures, profiling 10+ companies. Ask for Sample Copy @ https://www.polarismarketresearch.com/industry-analysis/blockchain-technology-in-the-energy-sector-market/request-for-sample

The private sector has dominated the global market in terms of revenue. Asia Pacific was the leading contributor to the global market revenue in 2017. The block chain technology is a cryptographically managed distributed ledger system on offer by vendors to industries engaged in the energy sector.

The key players in Blockchain Technology include:
Accenture
Oracle Corporation
Microsoft Corporation
Deloitte
IBM Corportaion
Grid+,
NOdalblock
SAP SE
Power Ledger Pty. Ltd.
Amazon Web Services, Inc.

Polaris Market Research has segmented the global blockchain technology in the energy sector market on the basis of type, application, end-user and region

Blockchain Technology in Energy Sector Type Outlook
Public
Private

Blockchain Technology in Energy Sector Application Outlook
Energy Trading
Grid Management
Supply chain Management
Payment Schemes
Others

Blockchain Technology in Energy Sector End-User Outlook
Oil and Gas
Power
Others

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The block chain technology has come to the forefront with an increasing market for alternative cryptocurrencies coming into adoption thus boosting technology in the energy sector. Cryptocurrencies are finding favorable markets owing to high transaction speeds and immutability. The support factor for growth of cryptocurrencies is the rising penetration of mobile devices, increased mobile broadband speeds and reduced costs of bandwidth.

Rising investments by vendors taking equal part in success of this technology market coupled with primary advancements in broadband technology would accelerate growth of the technology in the energy sector market during forecast period. Emerging economies in the hope of reaping rich dividends express growing interest and with technological advancements are expected to provide stellar growth opportunities in the coming years.

The way blockchain technology in energy sector works is smart contracts are set that allows prosumers to feed surplus energy into the grid through a blockchain enabled meter. The electricity flow is automatically coded into the blockchain and algorithms compare buyers with sellers in real time.

Asia Pacific generated highest revenue in market in 2017. The rising security concerns with online transactions with high transaction speeds and immutability offered by blockchain technology boosts the growth of the market. Astronomical mobile broadband speeds and reduced costs of bandwidth and computing power boost the market growth in the region. The rising adoption of Blockchain-as-a -service, increasing trend of smart payments and contracts, and advances in technology are expected to offer growth during forecast period.

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