Discussions

According to the report, the global blockchain in energy market was valued at around USD 208 million in 2017 and is expected to reach approximately USD 11,899 million by 2024, growing at a CAGR of above 78.20% between 2018 and 2024.

Blockchain can be also termed as decentralized ledger technology. It has no core system or a central server. The authentication of these servers is handled publicly. It helps people to trade energy among themselves. The applications of blockchain in the energy market include payment schemes, grid management, governance risk, and compliance management, energy trading, and supply chain management.

Request Free Sample Report: https://www.zionmarketresearch.com/sample/blockchain-in-energy-market

The blockchain in energy market is developed and able to fulfill the increasing power demand across the globe. These systems are beneficial, as they offer fast and secure transaction at a low cost without involving any conventional intermediates. This, in turn, is likely to drive this market in the future. The power and utility companies are exploring different ways to develop and implement blockchain technology, as it provides efficient ways to record and process data and the customers can afford streamlined and accurate access to their bills. This system can provide effective access to various energy sources and accurate utilization of the service data. These features of the blockchain energy are gaining more popularity in the power sector, and thus, are likely to drive this technology in the power sector in the future. However, the lack of a clear set of regulatory standards and uncertainty of the regulatory landscape might hinder this market. Nevertheless, advancements in the international trade and supply chain management are expected to provide many opportunities for the key players working in the global blockchain in energy market.

The global blockchain in energy market is segmented based on type, component, application, and end-user. By type, this market is bifurcated into private and public. The component segment includes platform and services. The application of global blockchain in energy market includes grid management, energy trading, government risk, and compliance management, payment schemes, supply chain management, and others. By end-user, this global market is divided into power and oil and gas sectors. In 2017, the power sector dominated the market and is expected to continue the trend over the forecast time period. This can be attributed to the rising demand for renewable energy around the globe.

By region, the global blockchain in energy market includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe held the most significant share of the blockchain in energy market, in terms of volume, in 2017. This can be due to the presence of major market players that are contributing to substantial developments in this regional market. The North American blockchain in energy market is expected to witness significant growth in the upcoming years, due to huge investments in blockchain technologies by various companies in the region.

Download Free Report PDF Brochure: https://www.zionmarketresearch.com/requestbrochure/blockchain-in-energy-market

Some major players operating in the global blockchain in energy market are SAP SE, BigchainDB, BTL Group Limited, Deloitte, Grid+, Infosys, Microsoft, Nodalblock, IBM, AWS, Oracle, Accenture, Power Ledger, WePower, and Lo3 Energy, Inc., among others.

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com
Blog: http://zmrblog.com

You need to be a member of Energy Social Network to add comments!

Join Energy Social Network

Email me when people reply –

You need to be a member of Energy Social Network to add comments!

Join Energy Social Network

Comments

  • Please, contact us at boydf.edward@gmail.com, for more info.
  • Energy Harvesting System Market is expected to be valued at USD 645.8 million by 2023, growing at a CAGR of 10.62% between 2017 and 2023. The growing demand for safe, power-efficient, and durable systems that require minimum or no maintenance and extensive implementation of IoT devices in automation and energy harvesting technology in building and home automation are expected to generate a higher demand for energy harvesting systems.@ http://bit.ly/2AEufYp
    Energy Harvesting System Market by Technology (Lig
    The overall energy harvesting system market is expected to be valued at USD 645.8 million by 2023, gro - Market Research Reports and Industry Analysis
  • This Job Looks like a good opportunity. Till what date its valid?
  • Regards, Please consider my resume. Thank you. Yours Sincerely, Vrajendra Vyas.
This reply was deleted.

Featured Photos

News

Blogs

Plastic Solar Cells beyond 10% efficiencies

There have been many claims recently about Plastic solar cells, well-known to the scientific community as Organic PhotoVoltaic (OPV), achieving record efficiencies around the 10% mark. We note here three leading companies in this area that…

Read more…
Comments: 1

Latest member Posts