Blockchain is a technology that enables so-called \"peer-to-peer\" transactions. With this type of transaction, every participant in a network can transact directly with every other network participant without involving a third-party intermediary.
Blockchain technology can help reducing energy inequality and inefficiency and empower consumers to buy and sell energy from other consumers directly. Energy companies can leverage blockchain to impact capital expenditure, security, operating costs, and risk management.
In the energy industry, blockchain applications are growing increasingly common. The blockchain ledger is being used to reduce transaction costs, pinpoint origins of energy, and increase the efficiency of exchanges.
Blockchain Technology in Energy are mainly classified into the following types: Public Blockchain, Private Blockchain. Private Blockchain is the most widely used type which takes up about 71 % of the total in 2018 in Global
Europe is the largest countries of Blockchain Technology in Energy in the world in the past few years and it will keep increasing in the next few years. Europe market took up about 35% the global market in 2018, while United States and China were about 34%, 16%.
The Global Blockchain Technology in Energy Market was valued at xxx million USD with a CAGR xx% from 2015-2019. Subsequently, it will touch xxx million USD in 2020 with a CAGR xx % from 2020 - 2026.
It also includes Market size and forecast by each application segment in terms of volume for the period 2021-2026.
In the global Blockchain Technology in Energy Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
IBM
Microsoft
Accenture
ConsenSys
Infosys
Drift
Electron
Btl Group Ltd.
LO3 Energy Inc
Power Ledger
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Public Blockchain
Private Blockchain
In Market segmentation by applications :
Electric Power
Petroleum
Natural Gas
Others
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Blockchain Technology in Energy Market for the forecast period 2020 - 2026?
• What are the driving forces in the Blockchain Technology in Energy Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Blockchain Technology in Energy industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?