Blockchain Technology in Energy Market report will make detailed analysis mainly on in-depth research on the development environment, Market size, development trend, operation situation and future development trend of Blockchain Technology in Energy Market on the basis of stating current situation of the industry in 2019.
In 2018, the global Blockchain Technology in Energy market size was 495 million US$ and it is expected to reach 4962.6 million US$ by the end of 2025, with a CAGR of 39.0% during 2019-2025.
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.
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The prominent players in the global Blockchain Technology in Energy market are IBM, Microsoft, Accenture, ConsenSys, Infosys, Drift, Electron, Btl Group Ltd., LO3 Energy Inc, Power Ledger
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%.
Product Types for Blockchain Technology in Energy Market Public Blockchain, Private Blockchain
Applications for Blockchain Technology in Energy Market are Electric Power, Petroleum, Natural Gas, Others
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Market share assessments for the regional and country level segments
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