The global 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.
Prominent Players Reviewed in the Report:
- Infosys Limited
- SAP SE
- Oracle Corporation
- Accenture plc
- WePower UAB
- IBM Corporation
- Microsoft Corporation
- Deloitte Touche Tohmatsu Limited
- LO3 Energy, Inc.
- BigchainDB GmbH
- others
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Some 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.
- Due to the high cost of project implementation and having a start -up, the European region is expected to dominate the market; the regional market in Europe is expected to be further stimulated by growing government funding.
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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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Regional Outlook (Revenue, USD Million; 2017-2027)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- BENELUX
- Other parts of Europe
- Asia-Pacific
- China
- Japanese
- South Korea
- India
- Other parts of APAC
- Latin America
- Brazil
- Left to LATAM
- MEA
- Saudi Arabia
- UAE
- The rest of the MEA
Blockchain Overview in Energy Market Report:
- Introduction, Product Scope, Market Overview, and Opportunities
- Manufacturer analysis with sales, revenue, and price analysis
- Comprehensive analysis of the competitive landscape
- Extensive profiling of key competitors along with their business strategies and market size
- Analysis of the market region including sales, revenue, market share, and global position
- Analysis of the country market including types, applications, and manufacturing
- Strategic recommendations to established players as well as to new participants
- In -depth analysis of Blockchain risks, constraints, and limitations in the Energy industry
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Blockchain post on Energy Market Manufacturing Analysis and Forecasts by 2027 | Infosys Limited, SAP SE, Oracle Corporation, etc. first appeared in Market O Graphics.