Global and China Blockchain Technology in Energy Market Size, Status and Forecast 2021-2027

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.
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.
Global Blockchain Technology in Energy main providers include IBM, Microsoft and Accenture, totally accounting for about 35% of the market. Europe is the largest market of Blockchain Technology in Energy, holding a share over 35%. As for the product types, it can be divided into trading platform, grid management and others. Trading platform,the most common product, accounts for more than 50%. As for the application of products, it can be divided into electric power, oil and gas, renewable energy and others. It is widely used in electric power, taking a proportion over 68%.

Market Analysis and Insights: Global Blockchain Technology in Energy Market
The global Blockchain Technology in Energy market size is projected to reach US$ 2999.9 million by 2027, from US$ 391 million in 2020, at a CAGR of 34.4% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Blockchain Technology in Energy market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Blockchain Technology in Energy market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Blockchain Technology in Energy market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Blockchain Technology in Energy market.

Global Blockchain Technology in Energy Scope and Market Size
Blockchain Technology in Energy market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Blockchain Technology in Energy market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Trading Platform
Grid Management
Other

Segment by Application
Electric Power
Oil and Gas
Renewable Energy
Others

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
IBM
Microsoft
Accenture
ConsenSys
Infosys
Drift
Electron
LO3 Energy
Power Ledger
Siemens
Yuanguang Software
WePower