Global Blockchain in Energy Market to 2023 - Market is Forecast to Grow at a CAGR of 78.32%

8/15/2018, 4:35 PM (Source: GlobeNewswire)

Dublin, Aug. 15, 2018 (GLOBE NEWSWIRE) -- 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'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 is expected to be the fastest growing market in the blockchain in energy market from 2018 to 2023.

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.

Asia Pacific: The fastest growing market for blockchain in energy market

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
4.1 Attractive Opportunities in the Market During the Forecast Period
4.2 Blockchain in Energy Market, By Country
4.3 European Market, By Application & Country
4.4 Market, By End-User
4.5 Market, By Component
4.6 Market, By Type

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.3 Drivers
5.3.1 Increasing Popularity of the Blockchain Technology in the Energy Sector
5.3.2 Manages Infrastructure and Other Business Functions Through High Transaction Speed and Immutability
5.3.3 Low Cost of Bandwidth and Computing
5.3.4 Rising Security Concerns Across the Globe
5.4 Restraints
5.4.1 Lack of A Common Set of Regulatory Standards and Uncertain Regulatory Landscape
5.4.2 Concerns Related to the Authenticity of Users
5.5 Opportunities
5.5.1 Increasing Venture Funding and Investments in the Blockchain Technology
5.5.2 Innovation Across International Trade and Supply Chain Management
5.6 Challenges
5.6.1 Lack of Awareness and Technical Understanding About the Blockchain Technology
5.6.2 Opposition From Incumbents

6 Blockchain in Energy Market, By Type
6.1 Introduction
6.2 Private
6.3 Public

7 Blockchain in Energy Market, By Component
7.1 Introduction
7.2 Platform
7.3 Services

8 Blockchain in Energy Market, By End-User
8.1 Introduction
8.2 Power Sector
8.3 Oil & Gas Sector

9 Blockchain in Energy Market, By Application
9.1 Introduction
9.2 Grid Management
9.3 Energy Trading
9.4 Government Risk and Compliance Management
9.5 Payment Schemes
9.6 Supply Chain Management
9.7 Others

10 Blockchain in Energy Market, By Region

11 Competitive Landscape
11.1 Introduction
11.2 Ranking of Players, 2017
11.3 Competitive Scenario
11.3.1 New Product Developments
11.3.2 Investments & Expansions
11.3.3 Mergers & Acquisitions
11.3.4 Contracts & Agreements

12 Company Benchmarking
12.1 Accenture
12.2 AWS
12.3 Bigchaindb
12.4 BTL
12.5 Deloitte
12.6 Grid+
12.7 IBM
12.8 Infosys
12.9 Microsoft
12.10 Nodalblock
12.11 Oracle
12.12 Power Ledger
12.13 SAP
12.14 Wepower
12.15 Lo3 Energy
12.16 Enosi
12.17 Electron
12.18 Drift

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