Blockchain is a technology that enables so-called Òpeer-to-peerÓ 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.
Scope of the Report:Blockchain Technology in Energy are mainly classified into the following types: Public Blockchain, Private Blockchain. Private Blockchain is the most widely used type which takes up about 71 % of the total in 2019 in Global
Europe is the largest countries of Blockchain Technology in Energy in the world in the past few years and it will keep increasing in the next few years. Europe market took up about 35% the global market in 2019, while United States and China were about 34%, 16%.
The global Blockchain Technology in Energy market is valued at 509.3 million USD in 2020 and is expected to reach 2487.2 million USD by the end of 2026, growing at a CAGR of 37.3% between 2020 and 2026.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Blockchain Technology in Energy.
Europe also play important roles in global market, with market size of xx million USD in 2020 and will be xx million USD in 2026, with a CAGR of xx%.
This report studies the Blockchain Technology in Energy market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Blockchain Technology in Energy market by product type and applications/end industries.
Market Segment by Companies, this report covers IBM
Microsoft
Accenture
ConsenSys
Infosys
Drift
Electron
Btl Group Ltd.
LO3 Energy Inc
Power Ledger
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Public Blockchain
Private Blockchain
Market Segment by Applications, can be divided into Electric Power
Petroleum
Natural Gas
Others
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
