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Blockchain in Energy Market is Projected to Record Highest CAGR by 2025

Author : Ronak Bora | Published Date : 2020-08-21 

Blockchain in energy market from private category in 2025 will grow over 45%. Strict control to reduce the downtime along with massive level of security provided by this platform are some of the key parameters stimulating the technology adoption. Moreover, lesser load and limited participants increases its competence to achieve faster transaction rate in comparison to its counterpart, thereby enhancing the business growth.

Oil & gas blockchain in energy market will exhibit substantial growth on account of rising concerns to enhance the trade accuracy along with technical efficiency of the technology to improve accessibility to trade data. Extensive ability to improve the scheduling and back office efficiency along with subsequent reduction in the working capital cycle will accelerate the product penetration across the industry. Furthermore, growing emphasis to eradicate the need for clearinghouses and confirmation processing combined with its potential to provide high degree of security, accuracy and reliability of transactions will propel the business outlook.

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The revenue graph of blockchain in energy market is poised to depict exponential growth as the need to develop & deploy new efficient ways of generating & delivering electricity, under the Paris Agreement, intensifies. According to the International Finance Corporation, the Paris Agreement aimed to tackle climate change by generating energy through reliable, clean energy sources. However, countering climate change by completely overhauling the way energy is generated would require emerging markets to mobilize trillions of dollars through different sources.

Moreover, the agreement also requires power generation to be more flexible, distributed and through resources that could be managed through bi-directional communication, allowing investors to easily evaluate & track the impact of their investments. To achieve this mammoth task, investors, policy makers & regulators are likely to utilize blockchain technology, combining it with the Internet of Things (IoT), smart devices and big data. In a nutshell, this requirement would majorly help augment the deployment of blockchain in energy industry.

Accelerating investments toward the adoption of the technology coupled with enhanced initiatives toward exploring and promoting its research & development will drive the Europe blockchain in energy market. Enhanced focus to promote energy efficiency, privacy, cybersecurity and interoperability to implement & improve the current technology will further propel the industry landscape.

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Eminent players operating in the blockchain in energy market comprise of Power Ledger, Limited, Oracle, Grid Singularity, Accenture, Greeneum, Drift, SAP, Electron, Grid+, Sun Exchange, WePower, LO3 Energy, EnergiMine, Conjoule GmbH amongst others.

Table of Contents (ToC) of the report:

Chapter 4 Blockchain in Energy Market, By Category

4.1 Blockchain in energy market share by category, 2018 & 2025

4.2 Private

4.2.1 Global market from private, 2017 - 2025

4.2.2 Global market from private, by region, 2017 - 2025

4.3 Public

4.3.1 Global market from public, 2017 - 2025

4.3.2 Global market from public, by region, 2017 - 2025

Chapter 5 Blockchain in Energy Market, By Application

5.1 Blockchain in energy market share by application, 2018 & 2025

5.2 Power

5.2.1 Global market from power, 2017 - 2025

5.2.2 Global market from power, by region, 2017 - 2025

5.2.3 Grid transaction

5.2.3.1 Global market from grid transaction, 2017 - 2025

5.2.3.2 Global market from grid transaction, by region, 2017 - 2025

5.2.4 Peer-to-peer

5.2.4.1 Global market from peer-to-peer, 2017 - 2025

5.2.4.2 Global market from peer-to-peer, by region, 2017 - 2025

5.2.5 Energy financing

5.2.5.1 Global market from energy financing, 2017 - 2025

5.2.5.2 Global market from energy financing, by region, 2017 - 2025

5.2.6 Sustainability attribution

5.2.6.1 Global market from sustainability attribution, 2017 - 2025

5.2.6.2 Global market from sustainability attribution, by region, 2017 - 2025

5.2.7 Electric vehicle charging

5.2.7.1 Global market from electric vehicle charging, 2017 - 2025

5.2.7.2 Global market from electric vehicle charging, by region, 2017 - 2025

5.2.8 Others

5.2.8.1 Global market from others, 2017 - 2025

5.2.8.2 Global market from others, by region, 2017 - 2025

5.3 Oil & Gas

5.3.1 Global market from oil & gas, 2017 - 2025

5.3.2 Global market from oil & gas, by region, 2017 - 2025

5.3.3 Supply chain

5.3.3.1 Global market from supply chain, 2017 - 2025

5.3.3.2 Global market from supply chain, by region, 2017 - 2025

5.3.4 Operations

5.3.4.1 Global market from operations, 2017 - 2025

5.3.4.2 Global market from operations, by region, 2017 - 2025

5.3.5 Trading

5.3.5.1 Global market from trading, 2017 - 2025

5.3.5.2 Global market from trading, by region, 2017 - 2025

5.3.6 Security

5.3.6.1 Global market from security, 2017 - 2025

5.3.6.2 Global market from security, by region, 2017 - 2025

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/blockchain-in-energy-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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