Blockchain Technology in the Energy Sector Market Trends 2026 By Top Key Players Accenture, Oracle, Amazon Web Services (AWS), Deloitte, Microsoft, IBM, Power Ledger

The report is a comprehensive exploration of global Blockchain Technology In The Energy Sector market offering growth rates, size of the industry, competitive landscape information, factors to the contributing growth of the global Blockchain Technology In The Energy Sector market and more.
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 The marker research report. The report provides a comprehensive analysis of present market insights and future market trends.

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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 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.

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

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Market Segmentation:
The marker research report 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 (Revenue USD Million 2015 - 2026)
o Public
o Private

Blockchain Technology in Energy Sector Application Outlook (Revenue USD Million 2015 - 2026)
o Energy Trading
o Grid Management
o Supply chain Management
o Payment Schemes
o Others

Blockchain Technology in Energy Sector End-User Outlook (Revenue USD Million 2015 - 2026)
o Oil and Gas
o Power
o Others

Highlights of the report:
o The study offers synopsis of product scope of the Blockchain Technology in Energy Sector market. The product range of the Blockchain Technology in Energy Sector market has been further categorized.
o Information about the production volume and the price trends are provided in the report.
o The report also encompasses detailed information of the market share obtained by every application along with the projected growth rate and product consumption of every application.
o Data related to market industry concentration rate with respect to the raw materials is present in the report.
o The market study report has been analyzed thoroughly with regards to the marketing strategies, that consist of several marketing channels which producers implement to endorse their products.
o Data with respect to marketing channel development trends along with the market position is provided in the report.

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