Market Research Future published a research report on “Blockchain in Energy Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2024.
Blockchain in energy industry aims at sharing energy via agreements generated by multi-locational data structures, and development of the direct relationship between the energy suppliers and clients. Efficiency is expected to be generated owing to free sharing of excess energy through online price discovery depending on supply and demand dynamics of the market, which is expected to provide robustness, flexibility, elimination of central intermediaries and decentralization of operations. The model also has inbuilt scalability facilitating rapid expansion and real-time demand assessment and transactions. Thus, drastic cost reduction owing to market efficiency is expected after application of the technology.
The forecast for growth and innovation has improved at a rapid pace effectively modifying the Blockchain in Energy Market. The significant players in the market have implemented various strategies to preserve and expand their market share. The key players of global solar panel market are WePower UAB (Republic of Lithuania), Conjoule GmbH (Germany), Power Ledger Pty Ltd (Australia),LO3 Energy, Inc (U.S.), Grid + (U.S.), BTL Group Ltd. (Canada), Enosi Foundation (Australia), The Sun Exchange (Pty) Ltd. (South Africa), and Electron (Chaddenwych Services Limited) (U.K).
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To generate an accurate assessment of the Global Blockchain in Energy Market, the report is segmented by Technology Type, Platform Type, Implementation Type, End-Use Industries, Application, and Region.
- Open Blockchain
- Closed Blockchain
- Consortium Blockchain
- Hybrid Blockchain,
- Service and solution
- Development platforms
- Power & utilities
- Renewable energy
- Oil & gas
- Grid management
- Energy trading
- Control and security
- Payment schemes
- North America
- Asia Pacific
- Middle East
Europe region in Blockchain in Energy Industry market holds the highest market share in 2019.
Currently, the Europe region has the largest number of Blockchain projects in Energy Industry. U.S., Canada, and Australia in the Asia Pacific region are also among the major markets of blockchain in energy industry, globally. The North America region and Europe are expected to register the highest market share during the forecast period. In the Europe region, companies in U.K, Germany and the Netherlands are already offering their initial coin offering or tokens for blockchain projects. On the other hand, in Australia, companies such as Power ledger are planning to develop loyalty programs for the use of their tokens. Several new ancillary support services, such as charging of EV and payment for this through the blockchain platform are also being trialed and tested by the companies.
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Table of Content
- Global Blockchain in Energy Market Overview
- Manufacturers Profiles
- Global Blockchain in Energy Sales, Revenue, Market Share and Competition by Manufacturer
- Global Blockchain in Energy Market Analysis by Regions
- Global Market Segment by Type
- Global Blockchain in Energy Market Segment by Application
- Blockchain in Energy Market Forecast (2019-2024)
- Sales Channel, Distributors, Traders and Dealers
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