Global Blockchain Technology in Energy Market 2024-2028
Blockchain Technology In Energy Market 2024-2028
The blockchain technology in energy market is forecasted to grow by USD 6142.4 mn during 2023-2028, accelerating at a CAGR of 96.9% during the forecast period. The report on the blockchain technology in energy market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by use of blockchain technology to prevent failure in power grids, integration of blockchain technology with smart meter, and improved supply chain efficiency in energy sector.
Technavio's blockchain technology in energy market is segmented as below:
By End-user
By Geographical Landscape
- Europe
- North America
- APAC
- Middle East and Africa
- South America
This study identifies the advent of backend-as-a-service (BaaS) as one of the prime reasons driving the blockchain technology in energy market growth during the next few years. Also, growing strategic alliance for development of blockchain technology and implementation of peer-to-peer exchange of electricity at large-scale will lead to sizable demand in the market.
The report on the blockchain technology in energy market covers the following areas:
- Blockchain Technology In Energy Market sizing
- Blockchain Technology In Energy Market forecast
- Blockchain Technology In Energy Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading blockchain technology in energy market vendors that include Accenture PLC, Amazon.com Inc., BigchainDB GmbH, Capgemini Services SAS, Chaddenwych Services Ltd., Deloitte Touche Tohmatsu Ltd., Drift Marketplace Inc., Enosi Australia Pty Ltd., Greeneum Ltd., HCL Technologies Ltd., Infosys Ltd., International Business Machines Corp., LO3 Energy Inc., Oracle Corp., Power Ledger Pty Ltd., SAP SE, Tata Consultancy Services Ltd., Tencent Holdings Ltd., WePower UAB, and Wipro Ltd.. Also, the blockchain technology in energy market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.