Blockchain in Energy Market 2018 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
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Blockchain in Energy Market 2018 Blockchain in Energy Market – 2018 : Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
The global market size for blockchain in energy is expected to increase from USD 180.3 Mn in 2017 to more than USD 5,000 Mn in 2023. Businesses are utilizing blockchain for data management and to track financial transactions and interactions.
Moreover, it offers a secure channel for businesses to manage data. In the modern world, technologies such as the blockchain are gaining popularity among enterprises and other organizations owing their high relevance. Blockchain can significant impact on factors such as operational costs, capital expenditure, risk management, and security. Increased automation with data integrity and security is expected to support the growth of the global blockchain in energy market over the next couple of years. In addition, shifting focus towards enabling real-time transactions and creating of more dynamic business models in expected to create market opportunities in near future.
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Blockchain in Energy Market 2018 Research Methodology
The research approach taken by Market Research Future tracks the current trends in the market efficaciously. The reports are astute in highlighting the cycle of disruption that companies are facing in the market and the degree of change they can bring out in the progress of the market. The research process is a collaborative process at our end, which ensure a credible and objective market outlook. The reports consist of data and information that is conducive to fast decision-making and reflects the actual condition of the market. The
reports also focus aptly on the next significant trends that can transform the competitive landscape of the market. The growth opportunities of any market are discovered by the constructive use of primary and secondary research. Additionally, the use of top-up and bottom-down approaches enhances the report’s credibility to a great extent.
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Blockchain in Energy Market 2018
Report Analysis The blockchain in energy market’s regional analysis has been segmented into regions as APAC, North America, Europe, and Rest of the World. The European region is one of the forefront regions in the adoption of the blockchain technology. Germany had accounted for the most significant market share of 55.88% in 2017, with a market value of USD 46.6 million and is projected to grow at the highest CAGR of 81.49% during the forecast period. The North American region is one of the principal markets for the blockchain in the energy industry. Furthermore, the region is witnessing rapid growth in blockchain based energy projects as renewable-based energy generation sources are progressively contributing to the rising power demand of the region. The U.S. accounted for the most significant market share of 76.16% in 2017, with a market value of USD 55.8 million and is estimated to develop at the high CAGR of 77.68% during the forecast period.
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Blockchain in Energy Market 2018
KEY PLAYER •
Power Ledger Pty Ltd
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WePower UAB
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LO3 Energy, Inc
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Grid +, BTL Group Ltd.
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The Sun Exchange (Pty) Ltd
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Conjoule GmbH
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Enosi Foundation and Electron (Chaddenwych Services Limited).
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