Blockchain Technology in Energy Market Size to exceed $3bn by 2025

Blockchain Technology in Energy Market size will surpass USD 3 Billion by 2025, as reported in the latest study by Global Market Insights Inc.
 

Growing security concerns toward network and grids owing to rising digitization & interconnection is anticipated to positively influence the blockchain technology in energy market size. Burgeoning number of smart appliances, enhanced loads from use of Electric Vehicles (EVs) along with higher penetration of distributed generation in grids will stimulate the business scenario. Rollout of smart meters along with advent of peer - peer platforms to eliminate the need for intermediaries is set to encourage the product installation.

Ongoing investment in pilot projects and incentive programs aiming at emission reduction coupled with transition toward sustainable energy systems will stimulate the industry scenario. Adoption of smart management systems and decentralized energy structures for implementation of advanced communication are key factors stimulating the product penetration. Implementation of local distributed control and management techniques will further strengthen the blockchain technology in energy market landscape.
 

Get more details on this report - Request Free Sample PDF
 

Power is projected to exceed over 2 billion by 2025. Accelerating investment of utilities toward upgradation of smart meters and grid infrastructure is set to complement the blockchain technology in energy sector. The technology offers higher efficiency to value chain of numerous industries including power sector on account of immutable records, strengthening systems including solar renewable energy certificates, bill payment and e-charging infrastructure. Moreover, increasing implementation of microgrids along with the evolution of electric utilities into an advanced power grid will encourage the product adoption.
 

Browse key industry insights spread across 174 pages with 164 market data tables & 25 figures & charts from the report, “Blockchain Technology in Energy Market Size By Category (Private, Public), By Application (Power {Grid Transactions, Peer-To-Peer, Energy Financing, Sustainability Attribution, Electric Vehicle Charging, Others}, Oil & Gas {Supply Chain, Operations, Trading, Security}), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/blockchain-in-energy-market
 

Private blockchain technology in energy market is anticipated to grow owing to ability to reduce administration & operation cost, provide simpler governance structures and improvement in prediction efficiency. The category acts as a catalyst for business models and is instrumental in managing the growing complexity, data security and ownership of the energy sector. Potential to reduce operational discrepancies on account of improved accuracy in freight rates accompanied with limited overhead costs will further drive the industry scenario.
 

The U.S. blockchain technology in energy market will grow over 50% by 2025. Growth in prosumerism coupled with government policies toward adoption of renewable sources is anticipated to strengthen the product installation. The Renewable Energy Sources Act (EEG 2017) promotes the development of technologies for electricity generation through clean resources. Regulation of laws associated with the use of smart contracts with respect to transactions relating to leases, documents and sale of goods help encourage the product adoption. In addition, rising demand for better network intelligence, transparency & visibility will foster the industry landscape.
 

Key industry manufacturers include Oracle, Power Ledger, Greeneum, Infosys Limited, LO3 Energy, SAP, Sun Exchange, EnergiMine, Accenture, Grid+, Drift, Grid Singularity, Electron, Conjoule and WePower amongst others.
 

The blockchain technology in energy market research report includes in-depth coverage of the industry with estimates & forecast in terms USD from 2017 to 2025, for the following segments:
 

By Category

• Private
• Public

By Application

• Power

• Grid Transactions
• Peer-To-Peer
• Energy Financing
• Sustainability Attribution
• Electric Vehicle Charging
• Others

• Oil & Gas

• Supply Chain
• Operations
• Trading
• Security

The above information is provided on a regional and country basis for the following:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Netherlands
  • France
  • Spain

• Asia Pacific
  • China
  • Japan
  • Singapore
  • Australia
  • New Zealand
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Bahrain
  • Israel
  • South Africa
  • Nigeria
• Latin America
  • Brazil
  • Chile