Blockchain In Energy Utilities Market Size- By Type, By Component, By End User, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Blockchain in energy utilities Market Introduction and Overview
According to SPER market research, ‘Blockchain In Energy Utilities Market Size- By Type, By Component, By End-user, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Blockchain in energy utilities Market is predicted to reach 14793.95 billion by 2023 with a CAGR of 37.85%.
Markets for a wide range of commodities, including electricity, natural gas, crude oil, and refined goods, may trade energy thanks to blockchain technology. Across all business segments, blockchain-driven solutions can be implemented to help generate, sift, distribute, and retail trade data on pricing, position management, logistics, and risk reporting. Opportunities like peer-to-peer energy trading, real-time supply and demand balance transactions, and the ability to connect electric vehicle (EV) charging stations will be made possible by the application of blockchain technology.
In the energy utilities business, the COVID-19 epidemic has had a major effect on blockchain technology. Industry-wide digital transformation and remote work become more necessary as a result of the pandemic. Energy utility companies may have embraced blockchain and other digital technology more quickly in order to improve remote operations, streamline workflows, and guarantee business continuity. The epidemic brought decentralized and robust systems to light.
Scope of the Report:Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Type, By Component, By Application, By End User
Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies CoveredAccenture, AWS, Bigchaindb,BTL, Deloitte,Grid+,IBM,Infosys,Microsoft,Nodalblock.
Global Blockchain in energy utilities Market Segmentation:By Component:Based on the Component, Global Blockchain in energy utilities Market is segmented as; Platform, Services.
By End-user: Based on the End-user, Global Blockchain in energy utilities Market is segmented as; Power, Oil & gas.
By Application:Based on the Application, Global Blockchain in energy utilities Market is segmented as; Grid Management, Energy Trading, Government Risk and Compliance, Management, Payment Schemes, Supply Chain Management, Others.