Blockchain in energy market from private category in 2025 will grow over 45%. Strict control to reduce the downtime along with massive level of security provided by this platform are some of the key parameters stimulating the technology adoption. Moreover, lesser load and limited participants increases its competence to achieve faster transaction rate in comparison to its counterpart, thereby enhancing the business growth. —
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Emergence of peer-to-peer platform along with the unveiling of smart meters have initiated disintermediation, thereby driving the blockchain in energy market. Emerging focus of power utilities to explore thy potential benefits of the technology coupled with increasing percentage of empowered prosumers existing in the renewable power trading will further foster the industry growth. For instance, residents in Bangkok are involved in peer-to-peer energy trading and have a total generating capacity of about 635 kW.
Blockchain in Energy Market is anticipated to exceed USD 3 billion by 2025. Growing complexity of power grids owing to increasing integration of renewable energy sources along with burgeoning demand for energy efficient systems for optimizing the grid operations will boost the blockchain in energy market. In addition, increased focus of the utilities toward the technology adoption coupled with massive propensity of the technology to direct constructive transformation will complement the business landscape. Since 2017, over 70 pilot projects have been deployed and more than 140 startups have been announced globally.
Growing demand to achieve balance between energy supply and demand mismatch coupled with increasing security concerns owing to ongoing advancements in internet connected devices will accelerate the blockchain in energy market growth. Moreover, increasing deployment of the blockchain projects globally coupled with accelerating investments from various power giants toward its adoption will stimulate the technology demand. For instance, from the second quarters of 2017 till the first quarter of 2018, venture capitals and ICOs invested nearly USD 271 million toward blockchain based applications.
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Oil & gas blockchain in energy market will exhibit substantial growth on account of rising concerns to enhance the trade accuracy along with technical efficiency of the technology to improve accessibility to trade data. Extensive ability to improve the scheduling and back office efficiency along with subsequent reduction in the working capital cycle will accelerate the product penetration across the industry. Furthermore, growing emphasis to eradicate the need for clearinghouses and confirmation processing combined with its potential to provide high degree of security, accuracy and reliability of transactions will propel the business outlook.
Accelerating investments toward the adoption of the technology coupled with enhanced initiatives toward exploring and promoting its research & development will drive the Europe blockchain in energy market. Enhanced focus to promote energy efficiency, privacy, cybersecurity and interoperability to implement & improve the current technology will further propel the industry landscape.
Eminent players operating in the blockchain in energy market comprise of Power Ledger, Limited, Oracle, Grid Singularity, Accenture, Greeneum, Drift, SAP, Electron, Grid+, Sun Exchange, WePower, LO3 Energy, EnergiMine, Conjoule GmbH amongst others.
Table of content:
Chapter 1 Methodology & Scope
1.2 Market definitions
1.3 Market estimates & forecast parameters
1.4 Data sources
184.108.40.206 Paid sources
220.127.116.11 Public sources
Chapter 2 Executive Summary
2.1 Blockchain in energy market 360 degree synopsis, 2017 - 2025
2.1.1 Business trends
2.1.2 Category trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Blockchain in Energy Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2017 - 2025 (USD Million)
3.3 Working of blockchain
3.3.1 Vendor Matrix
3.4 Regulatory landscape
18.104.22.168 Policies and Directives on Renewable Energies in the EU
22.214.171.124.1 2013/347/EC - Trans-European Energy Infrastructure
126.96.36.199.2 2009/28/EC - Renewable Energy Directive
188.8.131.52.3 2001/77/EC - Renewable Energy Sources in the Internal Electricity
184.108.40.206 Paris agreement
3.4.2 European Commission
220.127.116.11 General Data Protection Regulation (GDPR): 2016/679
18.104.22.168 Renewable Energy Sources Act (EEG 2017)
22.214.171.124 Payment Service Directive (PSD1)
126.96.36.199 Payment Services Directive (PSD2)
188.8.131.52 HOUSE BILL 2417
184.108.40.206 Article 5:
220.127.116.11 Senate Bill No. 398
18.104.22.168 Senate Bill 69
22.214.171.124 Energy Policy Act, 2005
126.96.36.199.1 IEEE1547 - Standard for Interconnecting Distributed Resources with Electric Power Systems
188.8.131.52 CAN/CSA-C22.2 No. 257-06
184.108.40.206 CAN/CSA-C22.3 No. 9-08
220.127.116.11 13th Five-Year Plan
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Global Blockchain in Energy Market Size, Status and Forecast 2019-2025
Businesses are utilizing blockchain for data management and to track financial transactions and interactions. Moreover, it offers a secure channel for businesses to manage data. In todays world, technologies such as the blockchain are gaining popularity among enterprises and other organizations owing their high relevance. Blockchain can make a significant impact on factors such as operational costs, capital expenditure, risk management, and security.
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