Blockchain In Energy Industry_PDF

Blockchain in energy industry Research Report- Forecast to 2023
Blockchain in Energy
Industry Global Market
Expected To Grow At A
CAGR of 29%.
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Blockchain in energy industry Research Report- Forecast to 2023
1 Summary
Blockchain in energy industry consists of five main components, the first being the technology type and
second being the implementation type of technology. Global energy and power players can choose to
implement the technology as service and solution providers, as a testing out phase as development
platforms, can implement them as industry-specific solutions. For instance, a utility provider can choose
their solar generation and distribution services alone to be powered by blockchain technologies to expand
their operational flexibility and engage more customers. To do this, the next component, i.e., which is the
platform type is extremely important.
Key Players:
The key players of global blockchain in energy Industry market are Power Ledger (Australia), Conjoule
(Germany), Grid+ (U.S), Grid Singularity (Germany), Impact PPA (U.S), Exergy (LO3 energy) (U.S), The
Sun Exchange (Pty) Ltd (South Africa), WePower UAB (Republic of Lithuania), and BTL Group
Ltd.(Canada). Global blockchain (Canada), Electron (Chaddenwych Services Limited) (U.K), PONTON
GmbH (Germany), Stedin Group (Netherlands), OURSOLARGRID (ITP Innovative Technology Projects
GmbH) (Germany), and Omega Grid (U.S) are among others.
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Copyright © 2018 Market Research Future.

Blockchain in energy industry Research Report- Forecast to 2023
2 Market Overview
Global Blockchain in Energy Industry market has been segmented based on technology type, platform
type, Implementation type, by end-use industries, by application and by region. With increasing number of
decentralized energy generation services such as solar PV’s and small-scale wind energy, blockchain
technology facilitates the trading of energy through the platform. Especially, peer-to-peer trading in
applications is expected to dominate the industry as several startups and utilities are currently investing in
this space. This is followed by the smart contracts generation application which are expected to be
instantaneous using blockchain technology. The global utilities, blockchain companies and small-time
power providers are increasingly looking to exploit these explicit benefits blockchain provides in this
particular segment. For instance, energy producers through renewable energy sources can sell excess
energy within their community to the peers of their choice through blockchain. Hence peer-2-peer energy
trading is expected to witness the highest growth rate. While, the utilities by end-use sector is expected to
dominate for the same reason as several million worth investment has been made by partnerships between
utilities and Blockchain counterparts.
Drivers
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Blockchain in energy industry Research Report- Forecast to 2023
3 Market Research Analysis
Grid management and peer-to-peer energy trading services are expected to command a major market
share
The global blockchain in energy industry is segmented based on technology type, platform type,
implementation type, end-use industries, and by applications across the different regions of the world.
With the ability to monitor and facilitate decentralized applications, blockchain implementation in
energy industry is expected to create new business models, such as peer-to-peer energy trading
facilities. With this, customers can choose whom they want to share the energy generated by them
and it can be done without any third party or consortiums intervention. This is highly beneficial,
especially in regions and places where there is more distributed energy sources such as solar power
generation and small-scale wind.
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Blockchain in energy industry Research Report- Forecast to 2023
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