Press release
Blockchain in the Energy Sector Market 2022 Competitive Insights - SAP SE (SAP), Microsoft Corp., 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 561.21 million in 2020, and it is expected to reach about USD 12274.67 million by 2026, recording a CAGR of 67.23%, over the forecast period (2021 - 2026).
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Top Leading Companies of Blockchain in the Energy Sector Market are 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 and others.
Industry News and Updates
February 2019- IBM launched a blockchain platform on cloud service in Melbourne. With the establishment of physical infrastructure, customer data may not have to cross borders and may provide security for regulated applications in government and financial services in the country.
- 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
Europe is Expected to Hold Major Share
- 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. Europeans as early technological adaptors are having significant adoption of blockchain in the energy sector.
- Companies in the region are partnering with other countries or having high investments to develop products related to energy sector using blockchain technology. Recently, the major United Kingdom energy company OVO invested in blockchain firm Electron through its recently launched technology division, Kaluza.
Regional Outlook of Blockchain in the Energy Sector Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors 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.
Analytical Tools: The 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.
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.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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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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