Press release
Blockchain in the Energy Sector Market Insights and Business Growth 2021 - SAP SE (SAP), Microsoft Corp, Accent-ure PLC, IBM Corporation, LO3 Energy Inc
The Blockchain in the Energy Sector Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The market was valued at USD 132.01 million in 2019, and it is expected to reach about USD 1921.86 million by 2025, recording a CAGR of 58.1%, over the forecast period (2020 - 2025).
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Competitive Landscape:
Top Companies: SAP SE (SAP), Microsoft Corp, Accen-ture PLC, IBM Corporation, LO3 Energy Inc., GREENEUM, Drift Marketplace Inc., IOTA Foundation, Btl Group Ltd, Power Ledger Pty Ltd, ImpactPPA, Electron (Chaddenwych Services Limited)
Industry News and Updates:
- July 2018 - Microsoft Corporation announced the launch of the Enterprise Blockchain partnership, in Taiwan. The company has entered the partnership with Digital China and Hot Cool, in the hope that the three companies can use the blockchain technology to enhance financial, e-commerce, entertainment, and other industries.
Key Market Trends:
- With blockchain adoption in the energy sector, transactions such as energy trading can be recorded and settled almost instantly, with no need for an intermediary and with little need for reconciliation since all parties are using the same platform. North Americans as early technological adaptors are having significant adoption of blockchain in the energy sector.
- The region is experiencing an increasing number of investments and partnerships, since the first blockchain in energy transaction took place, in 2016, in Brooklyn, New York.
- Companies in the region are partnering with other countries or having high investments to develop products related to energy sector using blockchain technology. For instance, Bovlabs, a startup working to empower clean energy, entered into a partnership with Enchanted Rock, to test blockchains ability to bid into wholesale markets, with the ERCOT (Electric Reliability Council of Texas), and is expected to enter as a blockchain-based retailer in energy sector.
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What are the market influences that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Blockchain in the Energy Sector Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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