2019 Blockchain Market in the Energy Sector Market Outlook by Market Size, Business Plans | Growth Rate by Top Key Players and Regions Forecast to 2024

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Blockchain Market in the Energy Sector

The “Blockchain Market in the Energy Sector Market” report presents in-depth analysis regarding the development, current trends, industry policies and regulations implemented in each of the geographical region. Blockchain Market in the Energy Sector Market Report (2019-2024) Provides key statistics on Market overview, Major Key-players of Industry, Scope of the report, Key trends in market as well as Regional analysis. The report also provides leading players are studied with respect to their company profile, product portfolio, capacity, price, cost and revenue. It also provides Report provides an analytical calculation of the prime challenges faced by this Market currently and in the coming years.

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Blockchain Market in the Energy Sector Market Report Includes Major Key-Players:

  • SAP SE (SAP)
  • Microsoft Corp
  • Accenture PLC
  • IBM Corporation
  • LO3 Energy Inc.
  • GREENEUM
  • Drift Marketplace Inc.
  • IOTA Foundation
  • Btl Group Ltd
  • Power Ledger Pty Ltd
  • ImpactPPA
  • Electron (Chaddenwych Services Limited)

    Market Overview:

  • The market was valued at USD 83.5 million in 2018, and it is expected to reach about USD 1215.6 million by 2024, recording a CAGR of 58.1%, over the forecast period.
  • – The energy sector has certain limitations, including high administration and transmission costs mainly, due to the centralized functioning of the sector. As blockchain addresses these issues and decreases the scope for single point failures and increases transparency across the supply chain, the technology is expected to be a noteworthy digital transformation for the sector.
  • – The blockchain technology, which has greatly benefitted the financial sector, finds applications in the energy sector predominantly for wholesale energy trading. However, the increasing number of use cases and efforts from the regional blockchain associations are promoting the adoption of the technology for various other applications like smart contracts and digital identification.
  • – Blockchain enables energy transmission companies to track the movement of excess energy thereby managing the supply-demand bottlenecks. For instance, TenneT, a prominent power transmission company in the Netherlands and other parts of Germany, has partnered with an energy storage systems provider, Sonnen, to implement the usage of green energy from storage systems installed in the region as an alternative to coal or nuclear power for battling transmission bottlenecks. Significant pilot projects are taking place across regions, like the United States (Bovlabs), to test this application.

    Scope of the Report:

  • The energy sector has certain limitations, including high administration and transmission costs, mainly due to the centralized functioning of the sector. As blockchain addresses these issues and decreases the scope for single point failures and increases transparency across the supply chain, the technology is expected to be a noteworthy digital transformation for the sector.
  • The blockchain technology, which has greatly benefitted the financial sector, finds applications in the energy sector predominantly for wholesale energy trading. However, the increasing number of use cases and efforts from the regional blockchain associations are promoting the adoption of the technology for various other applications, like smart contracts and digital identification. Blockchain enables energy transmission companies to track the movement of excess energy, thereby managing the supply-demand bottlenecks.

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    Reasons to Purchase this Report:

    • Current and future of Global Blockchain Market in the Energy Sector Market outlook in the developed and emerging markets
    • Analysing various perspectives of the market with the help of Porter’s five forces analysis
    • Report customization as per the client’s requirements
    • Regions that are expected to witness fastest growth during the forecast period
    • Identifying the latest developments, market shares and strategies employed by the major market players

    Blockchain Market in the Energy Sector Market Forecast (2019-2024):

    • Market Size Forecast:By Applications/End Users, Global Overall Size, By Type/Product Category, By Geographical Area.
    • Key Data (Revenue):Market Size, Market Share, Business Growth, Product Sales Price.

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    Some Major Points Covered from TOC:

    Chapter 1: Blockchain Market in the Energy Sector Market Definition

    Chapter 2: Research Methodology of Blockchain Market in the Energy Sector Market

    Chapter 3: Blockchain Market in the Energy Sector Market Executive Summary

    Chapter 4: Blockchain Market in the Energy Sector Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services

    Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges

    Chapter 6: Blockchain Market in the Energy Sector Market Segmentation by Types, End-User, and Applications Forecast to 2024

    Chapter 7: Blockchain Market in the Energy Sector Market Segmentation by Geographical Regions

    Chapter 8: Competitive Landscape of Blockchain Market in the Energy Sector Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches

    Chapter 9: Key Players for Blockchain Market in the Energy Sector Market

    For Detailed TOC Click Here

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