Global and China Blockchain Technology in Energy Market Size, Status and Forecast 2021-2027
SKU ID : QYR-18668789 | Publishing Date : 30-Jun-2021 | No. of pages : 108
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
Segment by Application
Oil and Gas
Rest of Europe
Rest of Asia
Rest of Latin America
Middle East & Africa
Rest of MEA
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.