Blockchain Technology in Energy Market to exceed $3bn by 2025

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Blockchain Technology in Energy Market to exceed
3bn by 2025
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Key Insights from Blockchain Technology in
Energy Market

• Blockchain Technology in Energy Market will
  surpass USD 3 Billion by 2025, as reported in the
  latest study by Global Market Insights, Inc.
• Rising security concerns of grids networks on
  account of increasing interconnection and
  digitalization will drive the blockchain
  technology in energy market growth. Ability to
  enhance process efficiency, flexibility, and lead
  time reduction have garnered the attention of
  power industry giants, thereby stimulating the
  technology demand.
• Enhanced government emphasis toward improving
  energy efficiency, privacy, interoperability and
  cybersecurity coupled with increasing regulatory
  focus to implement improve the current process
  will propel the Europe blockchain technology in
  energy market.

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Continued

• Blockchain technology in energy market in the
  private category is set to grow over 45 by 2025.
  Capability to provide simple governance
  structures, lower cost operations and faster
  transactions are some of the prominent features
  stimulating the technology growth. Increasing
  trend to build smart contract applications
  coupled with the accessibility to select the
  participants will enhance the business outlook.
• High potential of the technology to bring
  reliability efficiency to the value chain of
  various industries including the power sector
  will boost the blockchain technology in energy
  market.

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Germany Blockchain in Energy Market Size, By
Power Application, 2018 2025 (USD Million)

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Major Companies Blockchain Technology in Energy
Market

• Infosys Limited
• Power Ledger
• Accenture, Drift
• Grid Singularity
• SAP
• Oracle
• Electron

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Industry Coverage

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Regional Insights in Blockchain Technology in
Energy Market

• Enhanced government emphasis toward improving
  energy efficiency, privacy, interoperability and
  cybersecurity coupled with increasing regulatory
  focus to implement improve the current process
  will propel the Europe blockchain technology in
  energy market. In 2018, the European Commission
  introduced EU blockchain observatory forum to
  encourage the regions cross border engagement
  with the technology and its various stakeholders.
  
• In addition, introduction and implementation of
  various programs to accelerate the deployment of
  the technology in the energy sector will fuel the
  industry growth

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