Blockchain Technology in Energy Market Size & Analysis – Forecasts To 2025

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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Blockchain
Technology in Energy Market. Market
Insights The global blockchain technology in the
energy sector is expected to grow at a
significant CAGR over the coming years on
account of increasing investments made in the
energy power sector. Some of the advantages
offered by blockchain include process
optimization automation, transparency of
markets, traceability of energy produced
consumed, and security. Blockchain technology
implemented in the energy sector helps lower cost
of distribution by integrating functions of
power generating companies, utilities, suppliers,
subcontractors, and end- users. Development of
smart cities is expected to foster demand for
blockchain technology. The growing electric
vehicle market and limited availability of
charging infrastructure is expected to generate
untapped opportunities for the use of blockchain
in the energy power sector.
Blockchain Technology in Energy Market Type
Insights The blockchain technology market for
the energy sector is segmented on the basis of
type into public, private, and hybrid. The main
reason for using blockchain technology is to
store and share information in a transparent
secure manner. Private blockchain improves
operational efficiency to a large extent,
however it limits decentralization. Public
blockchains are expected to grow at a high rate
as it allows interoperability, decentralization,
and transparency of operations along with
security. This growth is attributed to increase
operational efficiency across the value chain
that includes producers, maintenance contractors,
logistics, end- users, and other
sub-contractors. The demand for hybrid blockchain
solutions is also expected to grow at a
significant CAGR over the coming years.
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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Blockchain Technology in Energy
Market Application Insights Blockchain
technology for energy finds applications in
utilities, renewable energy generators, electric
charging, peer-to-peer energy trading, and
others. The growing investments in developing
renewable energy infrastructures by private
organizations and other small enterprises are
expected to increase the demand for blockchain
technology in the energy power sector.
Blockchain helps manage renewable energy
certificates. Blockchain plays a very important
role in preserving maintenance record of pipes,
gas stations and other utilities. Ownership of
these services facilities are subjected to
change very frequently, this is where the
maintenance record stored by contractors on
blockchain can be beneficial. The peer-to- peer
energy trading and renewable energy segment is
expected to grow at a high CAGR over the
forecast period. Blockchain Technology in
Energy Market Regional Insights The North
American and European region is anticipated to
witness large investments in blockchain
technology on account of their faster acceptance
of advanced solutions. The clean energy package
developed by the European Commission has stressed
on an energy union centered around the citizen.
This means that citizens would be allowed to
produce, store, consume and sell self-produced
electricity individually or through communities.
The Asia Pacific and the Middle Eastern region is
expected to grow at a high CAGR over the
forecast period on account of their increasing
investments in renewable energy generation.
Blockchain Technology in Energy Market Vendor
Landscape The report contains a chapter
dedicated to vendors operating in the market,
covering raw material manufactures, equipment
developers, manufacturers, and distributors. The
report provides these insights on a regional
level. This section of the report entails contact
details, experience, products manufactured/suppli
ed, and geographical presence of companies.
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• GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
• Blockchain Technology in Energy Market
  Competitive Landscape
• The global blockchain industry is evolving at a
  rapid pace on account of its increased preference
  across various industry verticals. Several
  companies have demonstrated their interest in
  developing blockchain technology solutions such
  as Volt Markets, LO3 Energy, Wanxiang Blockchain
  Labs, Deloitte, Conjoule, Drift, Greeneum,
  Grid, Veridium Labs, MyBit, Power Ledger, Grid
  Singularity, Electron, Sun Exchange, and IBM
  Corporation among others.
• The stakeholders to the report include government
  institutions, utilities, renewable energy
  generators, research organizations, and
  educational institutes among others
• The report segments the Blockchain Technology in
  Energy Market on the basis of By Function
• Public
• Private
• Hybrid
• By Application
• Utilities
• Renewable Energy Generators
• Electric Charging
• Peer-To-Peer Energy Trading

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GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
This article contains text from the Blockchain
Technology in Energy Market Size Analysis
Forecasts To 2025 report prepared by Global
Market Estimates. For more information or to buy
the
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chain-technology-energy-
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