Blockchain in Energy market share research by applications and regions for 2019-2025

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Blockchain in Energy market to grow at 50 CAGR
from 2019 to 2025 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Overview of Blockchain in Energy Market

• Oil gas blockchain in energy market is set to
  witness substantial growth on account of fewer
  cost intermediaries, limited overhead cost and
  reduced cash cycle times. Rising focus of various
  industry giants toward the adoption of technology
  to streamline trading in the non-digital crude
  oil industry along with plans to exhibit enhanced
  security optimized efficiency in transactions
  will boost the industry landscape. For instance,
  Shell and BP announced the launch of blockchain
  oil trading platform to automate digitize
  various oilfield related services. Furthermore,
  potential to reduce discrepancies in the
  operations by enhancing accuracy in freight
  rates, invoice generation and shipment routing
  will propel the industry growth.
• Rising security concerns of grids networks on
  account of increasing interconnection and
  digitalization will drive the blockchain in
  energy market growth. Ability to enhance process
  efficiency, flexibility, and lead time reduction
  have garnered the attention of power industry
  giants, thereby stimulating the technology
  demand. Moreover, increased loads from influx of
  electric vehicles, burgeoning number of smart
  appliances along with growing share of variable
  distributed generation in the grids will
  complement the industry outlook.

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• Enhanced government emphasis toward improving
  energy efficiency, privacy, interoperability and
  cybersecurity coupled with increasing regulatory
  focus to implement improve the current process
  will propel the Europe blockchain technology in
  energy market. In 2018, the European Commission
  introduced EU blockchain observatory forum to
  encourage the regions cross border engagement
  with the technology and its various stakeholders.
  In addition, introduction and implementation of
  various programs to accelerate the deployment of
  the technology in the energy sector will fuel the
  Blockchain in Energy market growth. For instance,
  various utilities are offering green purchase
  programs that allow customers to buy bundled
  energy renewable energy credits from specific
  renewable energy projects.
• Blockchain in energy market in the private
  category is set to grow over 45 by 2025.
  Capability to provide simple governance
  structures, lower cost operations and faster
  transactions are some of the prominent features
  stimulating the technology growth. Increasing
  trend to build smart contract applications
  coupled with the accessibility to select the
  participants will enhance the business outlook.

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Blockchain in Energy Market, By Application
Israel Blockchain in Energy Market
Size, By Oil Gas Application, 2018
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• High potential of the technology to bring
  reliability efficiency to the value chain of
  various industries including the power sector
  will boost the blockchain in energy market size.
  In addition, growing integration of renewable
  energy sources with the grid on account of
  achieving government renewable targets will
  augment the business growth. Massive convenience
  provided by the technology in electricity trading
  coupled with burgeoning investments toward the
  blockchain technology pilot projects globally
  will instigate a favorable industry scenario.
• Eminent participants across the Blockchain in
  Energy market comprises Infosys Limited, Power
  Ledger, Accenture, Drift, Grid Singularity, SAP,
  Oracle, Electron, Grid, Greeneum, LO3 Energy,
  Conjoule GmbH, WePower, EnergiMine, Sun Exchange,
  amongst others.

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