Blockchain in Energy Market Expected to Inflate at a CAGR of 74.45% CAGR from 2017 to 2023.

Blockchain in Energy Market Research Report- Forecast to 2023

Blockchain in Energy Market Expected to Inflate at a

CAGR of 74.45% CAGR from 2017 to 2023.

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Copyright Š 2018 Market Research Future.

Blockchain in Energy Market Research Report- Forecast to 2023

1 Summary The gradually growing demand for blockchain as a technology is expected to disrupt the core of the several industries where it may be implemented. The beginning of the concept of blockchain in energy originated as a niche product on the market peripheries but has captured the attention of several industry experts and leaders in recent times. The use of blockchain technology in the energy sector allows energy companies the chance to make substantial cost-saving and process efficiencies which is a significant advantage that is expected to be derived from the implementation of blockchain in energy. However, the preliminary potential of blockchain technology in the energy industry proves its potential to be that of a robust technology in its imminent energy industry applications.

Top Key Players:-

The forecast for growth and innovation has improved at a rapid pace effectively modifying the 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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Copyright Š 2018 Market Research Future.

Blockchain in Energy Market Research Report- Forecast to 2023

2

Market Overview

The global market size for blockchain in energy is expected to increase from USD 180.3 Mn in 2017 to more than USD 5,000 Mn in 2023. Businesses are utilizing blockchain for data management and to track financial transactions and interactions. Moreover, it offers a secure channel for businesses to manage data.

In the modern world, technologies such as the blockchain are gaining popularity among enterprises and other organizations owing their high relevance. Blockchain can significant impact on factors such as operational costs, capital expenditure, risk management, and security. Increased automation with data integrity and security is expected to support the growth of the global blockchain in energy market over the next couple of years. In addition, shifting focus towards enabling real-time transactions and creating of more dynamic business models in expected to create market opportunities in near future.

Segments:The blockchain in energy market is segmented on the basis of end-use industries, technology type, platform type, implementation type, and application type. By technology type, the market is segmented into closed blockchain, open blockchain, hybrid blockchain and consortium blockchain. Closed Blockchain is accredited for a significant market share of 77.71% in 2017, and is projected to develop at the highest CAGR of 76.88% during the forecast period. The platform type basis of segmentation of the market comprises of hyperledger, ethereum, tendermint, and interbit. Ethereum is responsible for the leading market share of 76.89% in 2017, with a market value of USD 138.6 and is likely to develop at the highest CAGR of 78.56% during the forecast period. The market segmentation of the market on the basis of implementation type comprises of development platforms, service & solution, and industry specific. The end use industries based segmentation of the market includes power & utilities, renewable energy, and oil & gas. The applications based segmentation of the computer vision market consists of grid management, energy trading, control & security, payment schemes, supply chain and logistics.

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Copyright Š 2018 Market Research Future.

Blockchain in Energy Market Research Report- Forecast to 2023

3 Market Research Analysis The research approach taken by Market Research Future tracks the current trends in the market efficaciously. The reports are astute in highlighting the cycle of disruption that companies are facing in the market and the degree of change they can bring out in the progress of the market. The research process is a collaborative process at our end, which ensure a credible and objective market outlook. The reports consist of data and information that is conducive to fast decision-making and reflects the actual condition of the market. The reports also focus aptly on the next significant trends that can transform the competitive landscape of the market. The growth opportunities of any market are discovered by the constructive use of primary and secondary research. Additionally, the use of top-up and bottom-down approaches enhances the report’s credibility to a great extent.

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Copyright Š 2018 Market Research Future.

Blockchain in Energy Market Research Report- Forecast to 2023

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Copyright Š 2018 Market Research Future.