Blockchain in Energy Market
Blockchain in Energy Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Blockchain in Energy Market Size and Growth
The Blockchain in Energy market is poised for substantial growth, driven by increasing demand for transparency, efficiency, and decentralized energy solutions. In 2023, the market size is estimated at approximately $300 million, with projections to reach $6 billion by 2030, reflecting a compound annual growth rate of 45%.
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Companies Covered
(Covid 19 Impact Covered)
◍ IBM
◍ Microsoft
◍ Accenture
◍ ConsenSys
◍ Infosys
◍ Drift
◍ Electron
◍ LO3 Energy
◍ Power Ledger
◍ Siemens
◍ Yuanguang Software
◍ WePower
The blockchain in energy market features major players like IBM, Microsoft, and Accenture, focusing on supply chain transparency, decentralized energy trading, and enhanced efficiency. Companies like Power Ledger and LO3 Energy enable peer-to-peer energy trading, driving innovation. Sales figures include IBM ($57 billion), Microsoft ($198 billion), and Accenture ($61 billion).
Market Segmentation
By Application
Electric Power
Oil and Gas
Renewable Energy
Others
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By Product
Trading Platform
Grid Management
Other
$ 4217.00 Million
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