Blockchain in Energy Market – Growth, Trends, Covid-19 Impact, And Forecasts (2019 – 2027)| Key Player Are Infosys Limited, SAP SE, Oracle Corporation, Accenture plc, WePower UAB, IBM Corporation, Microsoft Corporation, Deloitte Touche Tohmatsu Limited, LO3 Energy, Inc., and BigchainDB GmbH, among others.

Blockchain in Energy  Market Size – USD 287.0 Million in 2019, Market Growth - CAGR of 56.1%, Market Trends – The rise in the penetration of Internet of Thing devices.

The global Blockchain in Energy Market is forecasted to be worth USD 8,761.4 Million by 2027, according to a current analysis by Emergen Research. During the forecasted timeline, the global blockchain in the energy market is expected to rise substantially, owing to the rising adoption of blockchain in the energy industry. The growing safety concerns related to automated grids is anticipated to further propel the market growth in the forecast period.  Besides, the rising internet of things technology penetration is likely to drive the market growth shortly.

The rising adoption of blockchain in the energy industry and growing safety concerns related to automated grids are driving the demand for the market.

Blockchain in Energy  Market Size – USD 287.0 Million in 2019, Market Growth – CAGR of 56.1%, Market Trends – The rise in the penetration of Internet of Thing devices.

In October 2020, GuideVision was acquired by Infosys Limited. Infosys will enhance its technological transformation with the acquisition, expanding Infosys Cobalt’s cloud services offering and reaffirming its commitment to the rising ServiceNow ecosystem. Infosys’ ServiceNow capabilities will be enhanced by GuideVision’s training academy and offshore facilities, will provide customers in Europe unparalleled abilities in the first hybrid cloud transition.

Key participants include Infosys Limited, SAP SE, Oracle Corporation, Accenture plc, WePower UAB, IBM Corporation, Microsoft Corporation, Deloitte Touche Tohmatsu Limited, LO3 Energy, Inc., and BigchainDB GmbH, among others.

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Global Blockchain in Energy Market Report – Table of Contents:

  • Chapter 1 includes the global Blockchain in Energy market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
  • Chapter 2 broadly categorizes the Blockchain in Energy market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
  • Chapter 3 elaborates on the competitive outlook of the Blockchain in Energy market, focusing on the major manufacturers and vendor landscape.
  • Chapter 4 exhaustively studies the key manufacturers of the Blockchain in Energy industry, along with their anticipated sales and revenue shares.
  • Chapters 5 includes market segmentation based on product type, application range, and market players.

Competitive Landscape:

Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.

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Type Outlook (Revenue, USD Million; 2017-2027)

  • Public
  • Private

Component Outlook (Revenue, USD Million; 2017-2027)

  • Services
  • Platform

Application Outlook (Revenue, USD Million; 2017-2027)

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

End-Use Outlook (Revenue, USD Million; 2017-2027)

  • Oil & Gas
  • Power

The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2020-2027. According to the regional analysis, the market is primarily spread over key geographical regions as follows:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

The power industry is expected to dominate the market with a CAGR of 56.2% over the forecasted period. It’s mainly due to blockchain technologies’ ability to manage decentralized sources of energy and a holistic view of energy consumption through tracking.

Due to the high amount of project execution and start-up presence, the European region is anticipated to dominate the market; the European region market is expected to be further driven by growing government funding.

The report offers a detailed research study of theBlockchain in Energy market. It also takes into account the competitive landscape, market competition, segmentation, leading regions, regional growth, market size, and other factors crucial for the market in the forecast period. The study gives data pertaining to manufacturing processes, cost analysis, pricing structure, and other studies imperative for understanding theBlockchain in Energy market.

Porter’s Five Forces model has also been undertaken in the study to understand the competitive landscape of the market. The research report also includes the market attractiveness analysis, in which all the segments and sub-segments are highlighted on the basis of their market share, size, growth rate, and overall attractiveness.

This market research is conducted with the help of primary and secondary data collected from the resources by the research team of the industry professionals and as well as the in-house databases. Research analysts and consultants co-operate with the key organizations of the concerned domains to verify and check every value of data that exists in this report.

The Global Blockchain in Energy Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.

Read More:https://www.emergenresearch.com/industry-report/blockchain-in-energy-market

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