Blockchain in Energy Utilities Market Insights | Top Players are IBM, Greeneum Network, Oracle, Microsoft, EnergiMine, Accenture, Infosys, SAP, LO3 Energy, The Sun Exchange
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The increasing adoption of concepts such as blockchain as a service (BaaS) has created several growth opportunities for the companies operating in the market. The demand for blockchain technologies has risen dramatically in recent years, owning to its exceptional properties and ability to enable optimum business operations. The growing demand for BaaS will have a direct impact on the growth of the market in the forthcoming years. Increasing government investment as well as initiatives towards the use of blockchain across several industrial domains will fuel the demand for the product across the world.
The report provides an in-depth analysis of the global Blockchain in Energy Utilities market. It highlights key aspects of the market, including leading product types, major companies and areas that have witnessed the highest applications. The competitive landscape has been discussed in detail and predictions are made with respect to leading companies and products in the coming years. Forecast values have been provided for the market for the period of 2019-2026. The factual figures have been obtained through trusted sources. Moreover, these predictions are made on the basis of extensive research analysis methods, coupled with the opinions of experienced market research professionals.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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Some of the leading companies that are operating in the global Blockchain in Energy Utilities market are:
• IBM Corporation
• Oracle Corporation
• Microsoft Corporation
• Accenture PLC
• Infosys Limited
• SAP SE
• LO3 Energy Inc.
• The Sun Exchange (Pty) Ltd.
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Europe and North America to Witness Considerable Growth Driven by Increasing Government Initiatives
The market is segmented on the basis of regional demographics into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the markets in North America and Europe are estimated to witness considerable growth in the coming years. The increasing government initiatives aimed at promoting business deployment methods will lead to a subsequent rise in the demand for the product in this region. Further, focus on promoting green energy and the deployment of numerous green purchase programs will constitute growth of the Blockchain in Energy Utilities market in Europe. Besides Europe, the market in Asia Pacific is likely to witness considerable growth in the coming years, owing to growing incorporation of blockchain technology in applications across diverse industries. As of 2018, the market in Asia Pacific was worth USD 21.9 million and the region is projected to emerge as the fastest growing region during the forecast period.
Market Segmentation Of Blockchain in Energy Utilities Market –
1. By Offerings
• Vertical Solutions
2. By Deployment
• Proof of Concept
3. By Region
• North America (U.S. and Canada)
• Europe (U.K., France, Germany, Scandinavia and Rest of Europe)
• Asia Pacific (Japan, China, India, Southeast Asia, and Rest of Asia Pacific)
• Middle East & Africa (GCC, South Africa and Rest of Middle East & Africa)
• Latin America (Brazil, Mexico, and Rest of Latin America)
Key Industry Developments:
November 2018: Shell and Bharat Petroleum announced the launch of a blockchain oil trading platform. The system is developed by Vakt and recommended for low-cost, no-intermediary, and secure transactions.
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Major Table of Contents –
1.1.Definition, By Segment
3.1.Drivers, Restraints, and Opportunities
4.1.Macro and Micro Economic Indicators
4.2.Consolidated SWOT Analysis of Key Players
5.Global Blockchain in Energy Utilities Market Analysis, Insights and Forecast, 2015-2026
5.1.Key Findings / Summary
5.2.Market Analysis, Insights and Forecast – By Offering
5.2.2.Blockchain as a Service
5.3.Market Analysis, Insights and Forecast – By Deployment
5.3.1.Proof of Concept
5.4.Market Analysis, Insights and Forecast – By Region
5.4.4.Middle East & Africa
6.North America Blockchain in Energy Utilities Market Analysis, Insights and Forecast, 2015-2026
6.1.Key Findings / Summary
6.2.Market Analysis, Insights and Forecast – By Offering
6.2.2.Blockchain as a Service
6.3.Market Analysis, Insights and Forecast – By Deployment
6.3.1.Proof of Concept
6.4.Market Analysis, Insights and Forecast – By Country
7.Europe Blockchain in Energy Utilities Market Analysis, Insights and Forecast, 2015-2026
7.1.Key Findings / Summary
7.2.Market Analysis, Insights and Forecast – By Offering
7.2.2.Blockchain as a Service
7.3.Market Analysis, Insights and Forecast – By Deployment
7.3.1.Proof of Concept
7.4.Market Analysis, Insights and Forecast – By Country
7.4.5.Rest of Europe
8.Asia Pacific Blockchain in Energy Utilities Market Analysis, Insights and Forecast, 2015-2026
8.1.Key Findings / Summary
8.2.Market Analysis, Insights and Forecast – By Offering
8.2.2.Blockchain as a Service
8.3.Market Analysis, Insights and Forecast – By Deployment
8.3.1.Proof of Concept
8.4.Market Analysis, Insights and Forecast – By Country
8.4.5.Rest of Asia Pacific
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