The global Blockchain in Energy Market is forecasted to be worth USD 8,761.4 Million by 2027, according to a current analysis by Emergen Research. During the forecasted timeline, the global blockchain in the energy market is expected to rise substantially, owing to the rising adoption of blockchain in the energy industry. The growing safety concerns related to automated grids is anticipated to further propel the market growth in the forecast period. Besides, the rising internet of things technology penetration is likely to drive the market growth shortly.

In addition, the study on the Blockchain in Energy market for the forecast period, 2020– 2027quantifies the share occupied by the prominent players of the industry and enlightens the business owners from the fast-growing investment pockets and competitive landscape.

Furthermore, the industry is classified into various segments with a detailed assessment of each and every aspect such as gross margin, profits, import and export status and others. All vital statistics are presented with the help of charts, tables and graphic images, which can be easily incorporated into any business presentation.

Over the forecast period, the uncertain regulatory environment relating to power generations, significantly rising concerns regarding customer credibility among power management companies, is expected to inhibit the market growth.

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Key Highlights From The Report

In October 2020, GuideVision was acquired by Infosys Limited. Infosys will enhance its technological transformation with the acquisition, expanding Infosys
Cobalt's cloud services offering and reaffirming its commitment to the rising ServiceNow ecosystem. Infosys' ServiceNow capabilities will be enhanced by GuideVision's training academy and offshore facilities, will provide customers in Europe unparalleled abilities in the first hybrid cloud transition.

Due to higher accessibility, the ability to efficient utilization of the network, and distributed architecture, the public segment is likely to hold the largest market. Furthermore, this category enables users to access the system, backed up by incentive-based payment authentication.

Over the forecast timeframe, the Peer-To-Peer Transaction segment is expected to lead the market. Shifting the focus on the development of RES energy, especially wind, solar & marine, to improve the production and accessibility of alternative energy will lead to the growth of the system.

The power industry is expected to dominate the market with a CAGR of 56.2% over the forecasted period. It's mainly due to blockchain technologies' ability to manage decentralized sources of energy and a holistic view of energy consumption through tracking.

Due to the high amount of project execution and start-up presence, the European region is anticipated to dominate the market; the European region market is expected to be further driven by growing government funding.

Key participants include Infosys Limited, SAP SE, Oracle Corporation, Accenture plc, WePower UAB, IBM Corporation, Microsoft Corporation, Deloitte Touche Tohmatsu Limited, LO3 Energy, Inc., and BigchainDB GmbH, among others.

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Type Outlook (Revenue, USD Million; 2017-2027)
Public
Private

Component Outlook (Revenue, USD Million; 2017-2027)
Services
Platform

Application Outlook (Revenue, USD Million; 2017-2027)
Peer-To-Peer Transaction
Grid Transactions
Energy Financing
Electric Vehicle
Sustainability Attribution
Others

End-Use Outlook (Revenue, USD Million; 2017-2027)
Oil & Gas
Power

Regional Outlook (Revenue, USD Million; 2017-2027)
North America
Europe
Asia Pacific
Latin America
MEA

Table of Content

Chapter 1. Methodology & Sources

1.1. Blockchain in EnergyMarket Definition
1.2. Blockchain in EnergyMarket Research Scope
1.3. Blockchain in EnergyMarket Methodology
1.4. Blockchain in EnergyMarket Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Blockchain in EnergyMarket Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Blockchain in Energy MarketSegmentation & Impact Analysis

Continued…