Blockchain in Energy Market share from the private segment will amass modest proceeds owing to superior security services along with strict control to minimize downtime. Further, limited competition at present and lesser load enhances its capability to attain faster transaction rate as compared to its counterpart. Private blockchain in energy industry is expected to witness a growth of over 45% from 2019-2025, fueled by an escalating need to achieve energy supply/demand balance combined with rising security concerns, on the account of advancements in internet connected devices.
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The revenue graph of blockchain in energy market is poised to depict exponential growth as the need to develop & deploy new efficient ways of generating & delivering electricity, under the Paris Agreement, intensifies. According to the International Finance Corporation, the Paris Agreement aimed to tackle climate change by generating energy through reliable, clean energy sources. However, countering climate change by completely overhauling the way energy is generated would require emerging markets to mobilize trillions of dollars through different sources.
Blockchain in energy market will witness an appreciable growth on account of robust investments from various power companies along with increasing deployment of projects globally. For instance, ICOs and venture capital invested around USD 271 million toward blockchain-based applications between the second quarters of 2017 to the first quarter of 2018. In addition, shifting trends toward renewable power generation on account of its performance and price parity on & off the grid will stimulate the technology demand.
Shifting trends toward digitization, decentralization and distribution along with the increasing adoption of smart and micro grids will boost the power blockchain in energy market growth. Growing propensity to manage virtual power plants or distributed energy sources along with the ability to optimize power flows via the integration of local grids will further complement the industry outlook.
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Europe blockchain in energy market will witness growth on account of government initiatives to promote & explore the technology along with accelerating investments for its adoption. For instance, in 2018, the European Commission supported the pact signing of 27 nations on blockchain, aimed at collaborating on technical and regulatory matters.
Prominent players in the blockchain in energy market include Power Ledger, Infosys Limited, Accenture, Grid Singularity, Drift, Oracle, SAP, Electron, Greeneum, Grid+, LO3 Energy, WePower, Conjoule GmbH, Sun Exchange, EnergiMine amongst others.
Major Key Points from Table of Content:
Chapter 1 Methodology & Scope
1.2 Market definitions
1.3 Market estimates & forecast parameters
1.4 Data sources
18.104.22.168 Paid sources
22.214.171.124 Public sources
Chapter 2 Executive Summary
2.1 Blockchain in energy industry 3600 synopsis, 2017 – 2025
2.1.1 Business trends
2.1.2 Category trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 4 Blockchain in Energy Market, By Category
4.1 Blockchain in energy industry share by category, 2018 & 2025
4.2.1 Global market from private, 2017 – 2025
4.2.2 Global market from private, by region, 2017 – 2025
4.3.1 Global market from public, 2017 – 2025
4.3.2 Global market from public, by region, 2017 – 2025
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