Top Key Players in the Blockchain in Energy Market include are Microsoft , Accenture , IBM , Infosys , SAP and Others
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Reportsnreports always aims at offering their clients an in-depth analysis and the best research material of the various market. This new report on the global Blockchain in Energy Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market.
An exclusive data offered in this report is collected by research and industry experts team.
The Blockchain in Energy Market is projected to reach US$ 7,110.1 Million by 2023, from an estimated US$ 394.3 Million in 2018, at a CAGR of 78.32%. Blockchain in Energy Market spread across 142 pages, profiling 18 companies and supported with 71 tables and 37 figures are available in this research report.
Most Popular Companies in the Blockchain in Energy Market include are
- Microsoft (US)
- Accenture (Ireland)
- IBM (US)
- Infosys (India)
- SAP (Germany)
Blockchain in Energy Market growth can be attributed to the increasing popularity of the blockchain technology in the energy sector, high transaction speeds and immutability, and the rising security concerns across the globe. Lack of a common set of regulatory standards and the uncertain regulatory landscape can hinder the growth of the market.
The Private segment held the largest market share in 2017 and is estimated to be the fastest growing segment during the forecast period. The private segment provides more security over public blockchain.
It can be utilized for various use cases including smart contracts, asset registry, and digital identity for various application such as energy trading and payment schemes.
“Asia Pacific: The fastest growing market for blockchain in energy market”
The Asia Pacific is expected to be the largest market for blockchain in energy market in 2023 and is projected to grow at the highest CAGR during the forecast period. Australia accounted for the largest share of the blockchain in energy market in the Asia Pacific in 2017 as it is one of the early adopters of the blockchain technology in the region.
For instance, Origin Energy, one of the leading energy providers of Australia, in a partnership with Power Ledger plans to adopt new energy trading platforms to maintain the record of buying and selling energy.
Breakdown of primary participants’ profile:
- By Company Type: Tier 1- 65%, Tier 2- 21%, and Tier 3- 14%
- By Designation: C-Level- 28%, Managers- 36%, and Others- 36%
- By Region: Asia Pacific-57%, North America-13%, and South America 5%, and RoW-25%
The Report defines, describes, and forecasts the global blockchain in energy market by type, component, application, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market.
The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market.
These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the blockchain in energy market.
Competitive Landscape of Blockchain in Energy Market:
2 Ranking of Players, 2017
3 Competitive Scenario
3.1 New Product Developments
3.2 Investments & Expansions
3.3 Mergers & Acquisitions
3.4 Contracts & Agreements
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Target Audience for Blockchain in Energy Market : Blockchain security providers, Blockchain technology vendors, Communication service providers, Consultants/consultancies/advisory firms, Energy associations, Government agencies, Independent software vendors, Infrastructure and protocol providers, Managed Service Providers (MSPs), Network solution providers, Payment gateway providers, Support and maintenance service providers, System integrators and implementation service providers, Third-party service providers, Trading software providers, Value-Added Resellers (VARs).