$7.1 Bn Blockchain in Energy Market by Type, Component, End-user, Application, and Region – Global Forecast to 2023 – ResearchAndMarkets.com

The "Blockchain
in Energy Market by Type (Private, Public), Component (Platform,
Services), End-user (Power, Oil & Gas), Application (Energy Trading,
Grid Management, Payment Schemes, Supply Chain Management), and Region -
Global Forecast to 2023" report has been added to ResearchAndMarkets.com's
offering.

The blockchain in energy market is projected to reach USD 7,110.1
million by 2023, from an estimated USD 394.3 million in 2018, at a CAGR
of 78.32%.

This growth can be attributed to the increasing popularity of the
blockchain technology in the energy sector, high transaction speeds and
immutability, and the rising security concerns across the globe. Lack of
a common set of regulatory standards and the uncertain regulatory
landscape can hinder the growth of the market.

The private segment held the largest market share in 2017 and is
estimated to be the fastest growing segment during the forecast period.
The private segment provides more security over public blockchain. It
can be utilized for various use cases including smart contracts, asset
registry, and digital identity for various application such as energy
trading and payment schemes.

The Asia Pacific is expected to be the largest market for blockchain in
energy market in 2023 and is projected to grow at the highest CAGR
during the forecast period. Australia accounted for the largest share of
the blockchain in energy market in the Asia Pacific in 2017 as it is one
of the early adopters of the blockchain technology in the region.

For instance, Origin Energy, one of the leading energy providers of
Australia, in a partnership with Power Ledger plans to adopt new energy
trading platforms to maintain the record of buying and selling energy.
The Australian government is also planning to invest more to gain the
benefits of blockchain in energy market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Blockchain in Energy Market, By Type

7 Blockchain in Energy Market, By Component

8 Blockchain in Energy Market, By End-User

9 Blockchain in Energy Market, By Application

10 Blockchain in Energy Market, By Region

11 Competitive Landscape

12 Company Benchmarking

• Accenture
• AWS
• Bigchaindb
• BTL
• Deloitte
• Drift
• Electron
• Enosi
• Grid+
• IBM
• Infosys
• Lo3 Energy
• Microsoft
• Nodalblock
• Oracle
• Power Ledger
• SAP
• Wepower

For more information about this report visit https://www.researchandmarkets.com/research/t77pxs/7_1_bn?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180815005578/en/

News by QuoteMedia

www.quotemedia.com