MARKET INTRODUCTION
The energy sector is continuously catalyzed by innovations such as rooftop solar, electric vehicles, and smart metering. Blockchain can be identified as the next emerging technology, which can spur growth in the energy sector through its smart contracts and systems interoperability. The technology has the potential to transform the energy sector. The blockchain in the energy sector offers several advantages such as reduced costs, environmental sustainability, and improved privacy and trade secrets. Europe is likely to hold significant market share during the forecast period on account of the rapid adoption of blockchain technologies in the region.
MARKET DYNAMICS
The blockchain in energy market is anticipated to grow in the forecast period owing to driving factors such as the growing popularity of blockchain technology in the energy sector and increasing security concerns across the globe. However, concerns related to the authenticity of users are restraining the growth of the blockchain in the energy market during the forecast period. On the other hand, investments in the blockchain technology offer lucrative growth prospects for the key players of blockchain in energy market during the forecast period.
MARKET SCOPE
The "Global Blockchain in Energy Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of blockchain in energy market with detailed market segmentation by component, application, end user, and geography. The global blockchain in energy market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading blockchain in energy market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global blockchain in energy market is segmented on the basis of component, application, and end user. Based on component, the market is segmented as solution and services. On the basis of the application, the market is segmented as energy trading, grid management, supply chain management, payment schemes, government risk and compliance management, and others. The market on the basis of the end user is classified as power sector and oil & gas sector.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global blockchain in energy market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The blockchain in energy market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting blockchain in energy market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the blockchain in energy market in these regions.
MARKET PLAYERS
The reports cover key developments in the blockchain in energy market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from blockchain in energy market are anticipated to lucrative growth opportunities in the future with the rising demand for blockchain in energy in the global market. Below mentioned is the list of few companies engaged in the blockchain in energy market.
The report also includes the profiles of key blockchain in energy companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Accenture plc
- Acciona, S.A.
- BigchainDB GmbH
- ConsenSys AG
- Deloitte Touche Tohmatsu Limited
- Enosi
- GridPlus Inc.
- LO3 Energy
- Power Ledger Pty Ltd
- WePower
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.