Blockchain in Energy Utilities Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Growth Factors of Blockchain in Energy Utilities Market
The blockchain in energy utilities market size was valued at USD 127.5 million in 2018, and the market is now projected tgrow from USD 1,564.0 million by 2026, exhibiting a CAGR of 37.6% during the forecast period of 2019-2026.
Blockchain in energy utilities market growth is viewed alongside the increased generation of renewable energy treduce greenhouse emissions. Global oil and gas firms use blockchain technology tstreamline and secure operations. Start-ups are boosting market expansion at enterprise and consumer levels. Reduced fossil fuel dependency and decentralized grids increase demand. Blockchain optimizes electricity management and handles data from renewable producers.
Using blockchain in the energy utility market involves electrification in underdeveloped markets and peer-to-peer trading. This trading model is cheaper than most other trading models in the market. Blockchain enhances transparency and efficiency in energy transactions. It supports decentralized energy distribution and local grid management. These trends boost innovation and blockchain in the energy utilities market share.
Comprehensive Analysis of Blockchain in Energy Utilities Market
The blockchain in energy utilities market and information & communication technology industry is rising at an exponential rate due tits market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the information & communication technology industry. These segmentations are methodically segregated by Offerings and by Deployment. The offering includes, Vertical Solutions and Blockchain-as-a-Service. The deployment includes, Proof of Concept, Pilot and Production.
Advanced cybersecurity and stronger regulations drive blockchain's growth in the North American energy utilities market. Government efforts timprove energy efficiency and privacy further boost adoption. Blockchain enhances process transparency and security. Increased focus on grid modernization supports market expansion. These factors strengthen the region’s leadership in blockchain energy solutions.
The top players in the market play a crucial role in the information & communication technology industry assuring industrial prospectus growth and setting market standards. These players include, IBM Corporation, Greeneum, Oracle Corporation, Microsoft Corporation, EnergiMine, Accenture PLC, Infosys Limited, SAP SE, LO3 Energy Inc. and The Sun Exchange (Pty) Ltd. These market players provide a level-playing competitive landscape.
In November 2018, Shell and BP introduced an oil trading blockchain platform by Vakt treplace expensive, intermediary and unsafe procedures.
Segmentation Table
Global Industrial Cybersecurity Market Scope
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Growth Rate CAGR of 37.6% from 2019 t2026
Historical Period 2015-2017
Unit Value (USD billion)
Segmentation By Offerings, Deployment, and Region
By Offerings
Vertical Solutions
Blockchain-as-a-Service
By Deployment
Proof of Concept
Pilot
Production
By Region
North America (U.S. and Canada)
Europe (U.K., France, Germany, Scandinavia and Rest of Europe)
Asia Pacific (Japan, China, India, Southeast Asia, and Rest of Asia Pacific)
Middle East & Africa (GCC, South Africa and Rest of Middle East & Africa)
Latin America (Brazil, Mexico, and Rest of Latin America)
The blockchain in energy utilities market size was valued at USD 127.5 million in 2018, and the market is now projected tgrow from USD 1,564.0 million by 2026, exhibiting a CAGR of 37.6% during the forecast period of 2019-2026.
Blockchain in energy utilities market growth is viewed alongside the increased generation of renewable energy treduce greenhouse emissions. Global oil and gas firms use blockchain technology tstreamline and secure operations. Start-ups are boosting market expansion at enterprise and consumer levels. Reduced fossil fuel dependency and decentralized grids increase demand. Blockchain optimizes electricity management and handles data from renewable producers.
Using blockchain in the energy utility market involves electrification in underdeveloped markets and peer-to-peer trading. This trading model is cheaper than most other trading models in the market. Blockchain enhances transparency and efficiency in energy transactions. It supports decentralized energy distribution and local grid management. These trends boost innovation and blockchain in the energy utilities market share.
Comprehensive Analysis of Blockchain in Energy Utilities Market
The blockchain in energy utilities market and information & communication technology industry is rising at an exponential rate due tits market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the information & communication technology industry. These segmentations are methodically segregated by Offerings and by Deployment. The offering includes, Vertical Solutions and Blockchain-as-a-Service. The deployment includes, Proof of Concept, Pilot and Production.
Advanced cybersecurity and stronger regulations drive blockchain's growth in the North American energy utilities market. Government efforts timprove energy efficiency and privacy further boost adoption. Blockchain enhances process transparency and security. Increased focus on grid modernization supports market expansion. These factors strengthen the region’s leadership in blockchain energy solutions.
The top players in the market play a crucial role in the information & communication technology industry assuring industrial prospectus growth and setting market standards. These players include, IBM Corporation, Greeneum, Oracle Corporation, Microsoft Corporation, EnergiMine, Accenture PLC, Infosys Limited, SAP SE, LO3 Energy Inc. and The Sun Exchange (Pty) Ltd. These market players provide a level-playing competitive landscape.
In November 2018, Shell and BP introduced an oil trading blockchain platform by Vakt treplace expensive, intermediary and unsafe procedures.
Segmentation Table
Global Industrial Cybersecurity Market Scope
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Growth Rate CAGR of 37.6% from 2019 t2026
Historical Period 2015-2017
Unit Value (USD billion)
Segmentation By Offerings, Deployment, and Region
By Offerings
Vertical Solutions
Blockchain-as-a-Service
By Deployment
Proof of Concept
Pilot
Production
By Region
North America (U.S. and Canada)
Europe (U.K., France, Germany, Scandinavia and Rest of Europe)
Asia Pacific (Japan, China, India, Southeast Asia, and Rest of Asia Pacific)
Middle East & Africa (GCC, South Africa and Rest of Middle East & Africa)
Latin America (Brazil, Mexico, and Rest of Latin America)
Table of Contents
120 Pages
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Approach
- 1.3. Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Drivers, Restraints, and Opportunities
- 3.2. Emerging Trends
- 4. Key Insights
- 4.1. Macro and Micro Economic Indicators
- 4.2. Consolidated SWOT Analysis of Key Players
- 5. Global Blockchain in Energy Utilities Market Analysis, Insights and Forecast, 2015-2026
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Offering
- 5.2.1. Vertical Solution
- 5.2.2. Blockchain as a Service
- 5.3. Market Analysis, Insights and Forecast – By Deployment
- 5.3.1. Proof of Concept
- 5.3.2. Pilot
- 5.3.3. Production
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Middle East & Africa
- 5.4.5. Latin America
- 6. North America Blockchain in Energy Utilities Market Analysis, Insights and Forecast, 2015-2026
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Offering
- 6.2.1. Vertical Solution
- 6.2.2. Blockchain as a Service
- 6.3. Market Analysis, Insights and Forecast – By Deployment
- 6.3.1. Proof of Concept
- 6.3.2. Pilot
- 6.3.3. Production
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
- 7. Europe Blockchain in Energy Utilities Market Analysis, Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Offering
- 7.2.1. Vertical Solution
- 7.2.2. Blockchain as a Service
- 7.3. Market Analysis, Insights and Forecast – By Deployment
- 7.3.1. Proof of Concept
- 7.3.2. Pilot
- 7.3.3. Production
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Scandinavia
- 7.4.5. Rest of Europe
- 8. Asia Pacific Blockchain in Energy Utilities Market Analysis, Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Offering
- 8.2.1. Vertical Solution
- 8.2.2. Blockchain as a Service
- 8.3. Market Analysis, Insights and Forecast – By Deployment
- 8.3.1. Proof of Concept
- 8.3.2. Pilot
- 8.3.3. Production
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. India
- 8.4.4. Southeast Asia
- 8.4.5. Rest of Asia Pacific
- 9. Middle East & Africa Blockchain in Energy Utilities Market Analysis, Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Offering
- 9.2.1. Vertical Solution
- 9.2.2. Blockchain as a Service
- 9.3. Market Analysis, Insights and Forecast – By Deployment
- 9.3.1. Proof of Concept
- 9.3.2. Pilot
- 9.3.3. Production
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. GCC
- 9.4.2. South Africa
- 9.4.3. Rest of Middle East & Africa
- 10. Latin America Blockchain in Energy Utilities Market Analysis, Insights and Forecast, 2015-2026
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Offering
- 10.2.1. Vertical Solution
- 10.2.2. Blockchain as a Service
- 10.3. Market Analysis, Insights and Forecast – By Deployment
- 10.3.1. Proof of Concept
- 10.3.2. Pilot
- 10.3.3. Production
- 10.4. Market Analysis, Insights and Forecast – By Country
- 10.4.1. Brazil
- 10.4.2. Mexico
- 10.4.3. Rest of Latin America
- 11. Competitive Landscape
- 11.1. Competition Matrix
- 11.1.1. Business Strategies Adopted By Leading Players
- 11.1.2. Comparison Matrix
- 11.2. Global Market Share Analysis, By Key Players, 2018
- 12. Company Profile of Top 10 Market Players
- 12.1. IBM Corporation
- 12.1.1. Overview
- 12.1.2. Product Portfolio
- 12.1.3. Financials
- 12.1.4. Recent Developments
- 12.2. Greeneum
- 12.2.1. Overview
- 12.2.2. Product Portfolio
- 12.2.3. Financials
- 12.2.4. Recent Developments
- 12.3. Oracle Corporation
- 12.3.1. Overview
- 12.3.2. Product Portfolio
- 12.3.3. Financials
- 12.3.4. Recent Developments
- 12.4. Microsoft Corporation
- 12.4.1. Overview
- 12.4.2. Product Portfolio
- 12.4.3. Financials
- 12.4.4. Recent Developments
- 12.5. EnergiMine
- 12.5.1. Overview
- 12.5.2. Product Portfolio
- 12.5.3. Financials
- 12.5.4. Recent Developments
- 12.6. Accenture PLC
- 12.6.1. Overview
- 12.6.2. Product Portfolio
- 12.6.3. Financials
- 12.6.4. Recent Developments
- 12.7. Infosys Limited
- 12.7.1. Overview
- 12.7.2. Product Portfolio
- 12.7.3. Financials
- 12.7.4. Recent Developments
- 12.8. SAP SE
- 12.8.1. Overview
- 12.8.2. Product Portfolio
- 12.8.3. Financials
- 12.8.4. Recent Developments
- 12.9. LO3 Energy Inc.
- 12.9.1. Overview
- 12.9.2. Product Portfolio
- 12.9.3. Financials
- 12.9.4. Recent Developments
- 12.10. The Sun Exchange (Pty) Ltd.
- 12.10.1. Overview
- 12.10.2. Product Portfolio
- 12.10.3. Financials
- 12.10.4. Recent Developments "
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