The Blockchain in the Energy Market is estimated to be worth USD 8,761.4 Million in 2027, according to the current Emergen Research analysis. In the estimated timeline, the global blockchain in the energy market is expected to increase significantly, due to the increasing use of blockchain in the energy industry. Growing safety concerns related to automated grids are expected to further push market growth during the forecast period. Besides, the rising internet of things technology penetration is likely to drive the growth of the market shortly.
During the forecast period, the uncertain regulatory environment related to electricity generations, which significantly raises concerns about customer credibility in electricity management companies, is expected to hamper market growth.
Blockchain in the Energy Market Forecast to 2028 ”. The report sheds light on the current as well as upcoming market trends. The report offers accurate information about pricing, capacity, value, total revenue, and market revenue. The main objective of the report is to offer in-depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Blockchain in the Energy market. It also provides in -depth information on key factors, constraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
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The global Blockchain in the Energy market is expected to reach USD 8,761.4 Million in 2027 from USD 287.0 Million in 2020 at a CAGR of 56.1% during the forecast period. Rapid technological development and economic growth are key factors that are expected to drive market growth during the forecast period. The report further provides a comprehensive analysis of the competitive landscape and provides complete coverage regarding company profiles, product portfolio, revenue generation, financial status and market position.
The Top Companies Operating Blockchain in the Energy Market and Profiled in the Report are:
- Infosys Limited, SAP SE, Oracle Corporation, Accenture plc, WePower UAB, IBM Corporation, Microsoft Corporation, Deloitte Touche Tohmatsu Limited, LO3 Energy, Inc., and BigchainDB GmbH, among others.
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It even offers a comprehensive range of strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotion, and partnerships, among others. Key strategic alliances for product development and promotion are expected to add traction to the ongoing market growth. The report also covers an in -depth analysis of the market’s major competitors along with their growth strategies and business expansion plans.
Key Highlights From the Report
- In October 2020, GuideVision was acquired by Infosys Limited. Infosys will enhance its technological innovation with acquisition, expand the cloud services Infosys Cobalt offers and reaffirm its commitment to the growing ServiceNow ecosystem. Infosys ’ServiceNow capabilities will be enhanced by GuideVision’s training academy and offshore facilities, giving European customers unparalleled capabilities in the first hybrid cloud transition.
- Due to increased accessibility, efficient network utilization, and distributed architecture, the public segment is likely to hold the largest market. Furthermore, this category allows users to access the system, which is backed up by incentive-based payment authentication.
- Over the forecast period, the Peer-To-Peer Transaction segment is expected to lead the market. Shifting the focus to RES energy generation, particularly wind, solar and marine, to improve the production and accessibility of alternative energy will lead to system growth.
- The power industry is expected to dominate the market with a CAGR of 56.2% over the estimated period. This is largely due to the ability of blockchain technologies to manage decentralized energy sources and a holistic view of energy consumption through monitoring.
The regional analysis of the Blockchain Energy market includes analysis of production and consumption ratio, supply and demand dynamics, regional trends and growth drivers, growth prospects, availability of major manufacturers and vendors, and market size and share in key regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The report further offers key insights into country wise analysis and key factors driving the revenue growth of each regional market.
Scopes of Detailed Regional Analysis:
- North America
- Europe
- Germany
- Italy
- K.
- Remaining in the EU
- Asia-Pacific
- India
- China
- Japanese
- South Korea
- Other parts of APAC
- Latin America
- Brazil
- Argentina
- Other parts of Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- AE
- The rest of the MEA
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Emergen Research segments the global Blockchain into the Energy Market based on type, component, application, end-use, and region:
- Outlook Type (Revenue, USD Million; 2017-2027)
- Share Outlook (Revenue, USD Million; 2017-2027)
- Application Outlook (Revenue, USD Million; 2017-2027)
- Peer-To-Peer Transactions
- Grid Transactions
- Energy Funding
- Electric vehicles
- References to Maintenance
- The others
- End-use Outlook (Revenue, USD Million; 2017-2027)
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The post Global Blockchain in the Energy Market to Show a CAGR of 56.1% from 2021 to 2028; The increase in penetration of Internet of Thing devices first appeared in Market O Graphics.