Blockchain In Energy Market_PDF

Blockchain in Energy Market Research Report- Forecast to 2023
Blockchain in Energy Market
Expecting Revolutionary
Growth of 29% CAGR|
Forecast to 2023
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Copyright © 2018 Market Research Future.

Blockchain in Energy Market Research Report- Forecast to 2023
1 Summary
The use of Blockchain in energy market is expected to be one of the biggest uncertainties the energy
industry has faced since the beginning of digitization in the energy and power sector. This technology with
unlimited possibilities and potential security over existing operational methods gives it an advantage. With
increasing start-ups and energy major collaboration and investment in the blockchain technology, the
market is expected to witness a significant growth during the coming years. This increased collaboration
has the potential to completely transform the energy industry.
Key Players:
The key players of global Blockchain in energy market 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 Market Research Report- Forecast to 2023
2 Market Overview
Global Blockchain in energy market 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.
Segments
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Copyright © 2018 Market Research Future.

Blockchain in Energy Market Research Report- Forecast to 2023
3 Market Research Analysis
The growth of global Blockchain in energy market is influenced by the benefits that Blockchain in energy
market offers through decentralization of operations. Energy business is no longer required to depend on
a central intermediary for operations. Once deployed, blockchain will facilitate rapid scalability and
expansion of a number of participants and users with instantaneous completion of transactions. Overall, it
is expected that the implementation of blockchain would drastically reduce the costs compared to the
existing systems of operation in the energy industry. However, lack of clear regulatory protocols and
limited suppliers and expertise and skills required to implement the technology can hinder the growth of
the market.
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Blockchain in Energy Market Research Report- Forecast to 2023
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Copyright © 2018 Market Research Future.