The Size Of The Blockchain Technology In Energy Market Is Anticipated To Grow By USD 919.5 MN From 2021 To 2026. The Growth Momentum Of The Market Is Expected To Accelerate At A CAGR Of 66.37% During The Forecast Period.

Blockchain technology can assist multiple applications at the generation, transmission, distribution, and consumption stages in the power system to resolve existing challenges. For example: Automating the issuance and trading of renewable energy credits/certificates based on actual energy consumption.

Market Driver:

One of the main factors promoting the blockchain technology in the expansion of the energy business is its use to prevent failure in power grids. Power sources are distributed via blockchain technology since it can make the power system more efficient. Power grids that use blockchain technology operate better because they are smarter power grids. It will assist businesses in identifying power grid failure in advance and informing them of it. Businesses can receive a daily update through the usage of blockchain technology, which aids in the early detection of issues. Additionally, it expedites the repair process by allowing the power grids to inform the authorities of the equipment and tools required to fix the power grid.

Blockchain plays a very important role in preserving maintenance record of pipes, gas stations and other utilities. Ownership of these services & facilities are subjected to change very frequently, this is where the maintenance record stored by contractors on blockchain can be beneficial. The peer-to-peer energy trading and renewable energy segment is expected to grow at a high CAGR over the forecast period.

The study demonstrates that players can utilize it as a useful tool to acquire an advantage over rivals and guarantee long-term success in the worldwide Blockchain Technology in Energy market. With the aid of reliable sources, all of the report's conclusions, facts, and information have been verified and confirmed. The report's analysts used an exclusive and best-in-class research and analysis methodology to conduct a comprehensive assessment of the global Blockchain Technology in Energy market.

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Global Blockchain Technology in Energy Market: Major Players
IBM
Infosys
Power Ledger
Omega Grid
LO3 Energy Inc
Btl Group Ltd.
Drift
Microsoft
ConsenSys
Electron

Global Blockchain Technology in Energy Market: By Types
Public Blockchain
Private Blockchain

Global Blockchain Technology in Energy Market: By Applications
Electric Power
Petroleum
Natural Gas
Others

Global Blockchain Technology in Energy Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Blockchain Technology in Energy market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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