Blockchain Technology in Energy Market Overview 2023 | Blockchain technology is revolutionizing the energy sector

Blockchain is a technology that enables so-called "peer-to-peer" transactions. With this type of transaction, every participant in a network can transact directly with every other network participant without involving a third-party intermediary. Blockchain technology can help reducing energy inequality and inefficiency and empower consumers to buy and sell energy from other consumers directly. Energy companies can leverage blockchain to impact capital expenditure, security, operating costs, and risk management. In the energy industry, blockchain applications are growing increasingly common. The blockchain ledger is being used to reduce transaction costs, pinpoint origins of energy, and increase the efficiency of exchanges.

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Blockchain Technology in Energy market size was valued at USD 523.7 million in 2022 and is forecast to a readjusted size of USD 3839.4 million by 2030 with a CAGR of 32.9% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. Global Blockchain Technology in Energy main providers include IBM, Microsoft and ConsenSys, totally accounting for about 35% of the market. Europe is the largest market of Blockchain Technology in Energy, holding a share over 35%. As for the product types, it can be divided into trading platform, grid management and others. Trading platform, the most common product, accounts for more than 50%. As for the application of products, it can be divided into electric power, oil and gas, renewable energy and others. It is widely used in electric power, taking a proportion over 68%.

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Profitable players of the Blockchain Technology in Energy market are:

• IBM
• Microsoft
• ConsenSys
• Infosys
• Drift
• Electron
• LO3 Energy
• Power Ledger
• Siemens
• Yuanguang Software
• WePower

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Product types of the Blockchain Technology in Energy industry are:

• Trading Platform
• Grid Management
• Other

Applications of this report are:

• Electric Power
• Oil and Gas
• Renewable Energy
• Others

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Essential regions of the Blockchain Technology in Energy market are:

- Blockchain Technology in Energy North America Market includes (Canada, Mexico, USA)
- Blockchain Technology in Energy Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
- Blockchain Technology in Energy Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
- Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
- Blockchain Technology in Energy South America Market includes (Brazil, Argentina)

Global Blockchain Technology in Energy Market Research FAQs

- What is the study period of this market?
- What is the growth rate of Blockchain Technology in Energy Market?
- What is Blockchain Technology in Energy Market size?
- Which region has highest growth rate in Blockchain Technology in Energy Market?
- Which region has largest share in Blockchain Technology in Energy Market?
- Who are the key players in Blockchain Technology in Energy Market?

The Blockchain Technology in Energy market research report contains the following TOC:
1 Report Overview
1.1 Study Scope
2 Global Growth Trends
2.1 Global Market Perspective (2017-2030)
2.2 Growth Trends by Regions
2.3 Global Industry Dynamic
3 Competition Landscape by Key Players
3.1 Global Top Players by Revenue
3.2 Global Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.3 Players Covered: Ranking by Blockchain Technology in Energy Revenue
4 Global Breakdown Data by Provider
4.1 Historic Market Size by Provider (2017-2023)
4.2 Forecasted Market Size by Provider (2023-2030)
5 Breakdown Data by End User
5.1 Historic Market Size by End User (2017-2023)
5.2 Forecasted Market Size by End User (2023-2030)
6 North America
7 Europe
8 Asia-Pacific
9 Latin America
10 Middle East and Africa
11 Key Players Profiles
12 Analyst's Viewpoints/Conclusions
13 Appendix…

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