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Blockchain Technology in Energy Market Analysis by Top key Players like Accenture, Power Ledger, GRID Alternatives, Infosys, Oracle, SAP, Drift
Blockchain in Energy Market
According to the World Energy Council, in 2017 a sum ranging between $100-300 million was invested in more than 100 blockchain applications related to the energy sector. Considering its key role in shaping an energy-efficient future, the implementation of blockchain technology in energy market is expected to increase extensively in the forthcoming years.
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The revenue graph of blockchain technology in energy market is poised to depict exponential growth as the need to develop & deploy new efficient ways of generating & delivering electricity, under the Paris Agreement, intensifies. According to the International Finance Corporation, the Paris Agreement aimed to tackle climate change by generating energy through reliable, clean energy sources. However, countering climate change by completely overhauling the way energy is generated would require emerging markets to mobilize trillions of dollars through different sources.
Additionally, it would be prudent to take note of the fact that oil and gas companies have struggled through record production levels and high price volatility in the last few years, which has invariably led to massive layoffs, cost-cutting efforts, and less number of new exploration plans. To effectively tackle these challenges, oil and gas corporations are embracing the blockchain technology as they rethink of unique strategies to enhance transaction processing and daily operations. Moreover, oil & gas companies can leverage blockchain to eliminate security risks associated with document mailing, improve trade accuracy, and speed up access to data, along with making invoice processing more efficient. Needless to mention, oil and gas sector is now emerging as one of the major revenue contributors to the global blockchain technology in energy market.
Blockchain technology is gradually acquiring the recognition as a smart contract facilitator and is outgrowing its adolescent cryptocurrency identity of distributed consensus ledgers. It is allowing companies across various business verticals to control data transparency, increase optimization, reduce waste, and improve cost. With the world swiftly moving toward renewable energy sources, the usage of blockchain in the overall power generation and distribution sector is set to increase exponentially in the forthcoming years. Thriving on the backdrop of a robust startup scene along with growing prominence in the oil and gas sector, the commercialization scale of the blockchain technology in energy market is slated to surpass USD 3 billion by 2025.
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Glimpse of Table of Content (ToC): -
Chapter 4 Blockchain Technology in Energy Market, By Category
4.1 Blockchain technology in energy market share by category, 2018 & 2025
4.2 Private
4.2.1 Global market from private, 2017 - 2025
4.2.2 Global market from private, by region, 2017 - 2025
4.3 Public
4.3.1 Global market from public, 2017 - 2025
4.3.2 Global market from public, by region, 2017 - 2025
Chapter 5 Blockchain Technology in Energy Market, By Application
5.1 Blockchain technology in energy market share by application, 2018 & 2025
5.2 Power
5.2.1 Global market from power, 2017 - 2025
5.2.2 Global market from power, by region, 2017 - 2025
5.2.3 Grid transaction
5.2.3.1 Global Blockchain Technology in Energy Market from grid transaction, 2017 - 2025
5.2.3.2 Global market from grid transaction, by region, 2017 - 2025
5.2.4 Peer-to-peer
5.2.4.1 Global market from peer-to-peer, 2017 - 2025
5.2.4.2 Global market from peer-to-peer, by region, 2017 - 2025
5.2.5 Energy financing
5.2.5.1 Global market from energy financing, 2017 - 2025
5.2.5.2 Global market from energy financing, by region, 2017 - 2025
5.2.6 Sustainability attribution
5.2.6.1 Global market from sustainability attribution, 2017 - 2025
5.2.6.2 Global market from sustainability attribution, by region, 2017 - 2025
5.2.7 Electric vehicle charging
5.2.7.1 Global market from electric vehicle charging, 2017 - 2025
5.2.7.2 Global market from electric vehicle charging, by region, 2017 - 2025
5.2.8 Others
5.2.8.1 Global market from others, 2017 - 2025
5.2.8.2 Global market from others, by region, 2017 - 2025
5.3 Oil & Gas
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