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Global Blockchain Technology in Energy Market 2019-2023

Global Blockchain Technology in Energy Market 2019-2023

About Blockchain Technology in Energy

The blockchain technology is a cryptographically managed, distributed ledger system offered by vendors to enterprises engaged in the energy sector.

Technavio’s analysts forecast the Global Blockchain Technology in Energy Market to grow at a CAGR of 65.34% during the period 2019-2023.

Covered in this report

The report covers the present scenario and the growth prospects of the global blockchain technology in energy market. To calculate the market size, the report considers the revenue generated from the adoption of blockchain technology.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, global blockchain technology in energy market 2019-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Accenture
  • IBM
  • Microsoft
  • Oracle
  • SAP
Market driver
  • Improved supply chain efficiency in energy sector
  • For a full, detailed list, view our report
Market challenge
  • Low adoption due to unregulated or low regulated market
  • For a full, detailed list, view our report
Market trend
  • Implementation of peer-to-peer exchange of electricity at large-scale
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2023 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Blockchain Technology in Energy Market 2019-2023

Technavio recognizes the following companies as the key players in the global blockchain technology in energy market: Accenture, IBM, Microsoft, Oracle, and SAP.

Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the growing strategic alliance for development of blockchain technology.”

According to the report, one driver influencing this market is the integration of blockchain technology with smart meter. A smart meter is embedded with an in-home display screen that displays the amount of energy consumed in near real-time and automatically sends meter readings to the energy suppliers.

Further, the report states that one challenge affecting this market is the high cost of implementing and maintaining blockchain technology. With the adoption of blockchain technology, the energy sector is expected to have long-term benefits in terms of productivity, security, and efficiency.

Companies Mentioned

Accenture
IBM
Microsoft
Oracle
SAP

  • Executive summary
  • Scope of the report
  • Market landscape
    • Market ecosystem
      • Table Global blockchain technology market
      • Table Segments of global blockchain technology market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Power - Market size and forecast 2018-2023
      • Table Power - Market size and forecast 2018-2023 ($ millions)
      • Table Power - Year-over-year growth 2019-2023 (%)
    • Oil and gas - Market size and forecast 2018-2023
      • Table Oil and gas - Market size and forecast 2018-2023 ($ millions)
      • Table Oil and gas - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Advent of BaaS
    • Growing strategic alliance for development of blockchain technology
    • Implementation of peer-to-peer exchange of electricity at large-scale
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Accenture
      • Table Accenture - Vendor overview
      • Table Accenture - Business segments
      • Table Accenture - Organizational developments
      • Table Accenture - Geographic focus
      • Table Accenture - Segment focus
      • Table Accenture - Key offerings
    • IBM
      • Table IBM - Vendor overview
      • Table IBM - Business segments
      • Table IBM - Organizational developments
      • Table Lenovo – Geographic focus
      • Table IBM - Segment focus
      • Table IBM - Key offerings
    • Microsoft
      • Table Microsoft - Vendor overview
      • Table Microsoft - Business segments
      • Table Microsoft - Organizational developments
      • Table Microsoft - Geographic focus
      • Table Microsoft - Segment focus
      • Table Microsoft - Key offerings
    • Oracle
      • Table Oracle - Vendor overview
      • Table Oracle - Business segments
      • Table Oracle - Organizational developments
      • Table Oracle - Geographic focus
      • Table Oracle - Segment focus
      • Table Oracle - Key offerings
    • SAP
      • Table SAP - Vendor overview
      • Table SAP - Business segments
      • Table SAP - Organizational developments
      • Table SAP - Geographic focus
      • Table SAP - Segment focus
      • Table SAP - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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