Blockchain in Energy Market Size By Category (Private, Public), By Application (Power {Grid Transactions, Peer-To-Peer, Energy Financing, Sustainability Attribution, Electric Vehicle Charging, Others}, Oil & Gas {Supply Chain, Operations, Trading, Security}), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025
Published on: 2024-07-07 | No of Pages : 240 | Industry : Media and IT
Publisher : MRA | Format : PDF&Excel
Blockchain in Energy Market Size By Category (Private, Public), By Application (Power {Grid Transactions, Peer-To-Peer, Energy Financing, Sustainability Attribution, Electric Vehicle Charging, Others}, Oil & Gas {Supply Chain, Operations, Trading, Security}), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025
Blockchain in Energy Market Size By Category (Private, Public), By Application (Power {Grid Transactions, Peer-To-Peer, Energy Financing, Sustainability Attribution, Electric Vehicle Charging, Others}, Oil & Gas {Supply Chain, Operations, Trading, Security}), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025
Blockchain in Energy Market Size
Blockchain in Energy Market size in 2018 surpassed USD 220 million and is projected to grow at more than 50% CAGR from 2019 to 2025.
The enterprise ethereum blockchain is considered to be the next big thing in the energy sector. Blockchain can be effectively used for sustainability and energy conservation by devising new energy business models, moving carbon credits and real-time data management. The market for blockchain in energy will possibly augment owing to increased preference for decentralized power generation.
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Positive outlook toward digitization of systems on account of increasing installation of smart meters across regions is set to foster the blockchain in energy market share. Decentralized energy systems along with widespread adoption of smart management & control systems to implement advanced communication is projected to complement the industry outlook. In addition, rapid development in the Renewable Energy Sources (RES) owing to privatization of the energy sector coupled with government initiatives toward electricity conservation will augment the product installation. For instance, in 2018, RES contributed 40% of the total electricity production in Germany.
| Report Attribute | Details |
|---|---|
| Base Year | 2018 |
| Blockchain In Energy Market Size in 2018 | 220 Million (USD) |
| Forecast Period | 2019 to 2025 |
| Forecast Period 2019 to 2025 CAGR | 50% |
| 2025 Value Projection | 3 Billion (USD) |
| Historical Data for | 2014 to 2018 |
| No. of Pages | 174 |
| Tables, Charts & Figures | 189 |
| Segments covered | Category, Application and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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Rising focus toward energy utilities in exploring the latent benefits of the technology for low-carbon transition and sustainability will stimulate the blockchain share in energy sector. Reducing dependency on fossil fuels coupled with increasing independence of local grid from outside energy sources in the long term is anticipated to drive the industry scenario. Increasing investment in numerous innovative projects ranging from solar systems for electric vehicles charging & e-mobility will further boost the product adoption.
Blockchain in Energy Market Analysis
Public blockchain in energy market is projected to observe substantial gains by 2025 owing to higher accessibility, capability to increase platform awareness and open structure. In addition, the category supports people in joining the network accompanied by the authentication of transactions based on incentives, in turn, fuelling the industry growth.
Private or permissioned was worth over USD 100 million in 2018. Higher security and enhanced speed accompanied by greater control to maximize the uptime are the key factors encouraging the product adoption. The technology is primarily focussed on products used for internal business processes. Factors including fewer verifications, node operation and network regulation to drop the downtime account majorly for the adoption of these solutions.
Peer to peer transactions is projected to grow over USD 800 million by 2025. Shifting focus toward power generation from RES including wind, solar & tide to promote the clean energy generation & supply will significantly contribute to the platform growth. The pre-trade transparency along with high degree of standardization involved in the transactions encourages the consumers to become prosumers which in turn is set to strengthen the industry landscape.
Power is set to grow owing to lower transaction cost coupled with improved network transparency. Ability to manage virtual power plants or distributed energy resources that are dispersed assets with large energy storage systems and electricity generators is set to foster the industry growth. Increasing focus on digitization, decentralization, democratization, deregulation and distribution across the industry will further stimulate the technology demand.
Grid transactions across power trading relies on the electrical grid for electricity exchange including existing wholesale markets by facilitating cheap and quick transactions. Rising power demand, regulatory shift toward cheap electricity access along with adoption of smart grid technology are some of the prime factors strengthening the business landscape. Ability to widen the pool of participants on account of the ability of the systems to support multitude of smaller transactions through household and businesses will boost the penetration of blockchain across electricity sector.
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The U.S. blockchain in energy market is projected to witness growth of over USD 400 million by 2025. Capability to transform the fundamental structure of the energy industry and microgrids to facilitate peer to peer energy trading in an immutable and secure way will encourage the product installation. For instance, the Brooklyn Microgrid was introduced in 2016 and it aims at enabling residents to buy and sell power directly amongst each other by maintaining a secure ledger of energy asset possession.
Germany is anticipated to grow at a fast pace owing to the increasing complexity of power and shifting focus toward the adoption of smart grids. As per the European Commission, presently there are 308 smart grid projects which hold an investment of USD 2.43 billion. Moreover, increasing investment from energy start-up companies along with growing funding activities will strengthen the industry landscape. Government incentives toward the adoption of renewable power generation accompanied by favourable regulatory policies to promote the technology adoption is set to augment the product installation.
Blockchain in Energy Market Share
Key blockchain in energy industry players include
- Greeneum
- Power Ledger
- LO3 Energy
- Infosys Limited
- Sun Exchange
- SAP
- Accenture
- EnergiMine
- Grid Singularity
- Grid+
- Drift
- Electron
- Oracle
- WePower
- Conjoule
Inorganic ventures and strategic partnerships have been a key tactic adopted by numerous leading industry players. Introduction of research and development activities to map the relevance of the technology is an integral part of blockchain development.
Industry Background
Blockchain or Distributed Ledger Technology (DLT) is an efficient and cost-effective way intended to facilitate distributed transactions by removing the central management. It supports in speeding up the process along with reducing the cost for reliable transfer of value without participation of traditional intermediaries. The technology holds the potential to improve efficiencies for utility providers by tracking the chain of custody for grid materials. Blockchain also acts as a catalyst for business models and is instrumental in managing the growing ownership, complexity and data security of the energy sector. Integration of blockchain technology with IOT and prosumers foster the development of efficient energy economy.
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimates & forecast parameters
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Blockchain in energy industry 3600 synopsis, 2017 - 2025
2.1.1 Business trends
2.1.2 Category trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Blockchain in Energy Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2017 - 2025 (USD Million)
3.3 Working of blockchain
3.3.1 Vendor Matrix
3.4 Regulatory landscape
3.4.1 Europe
3.4.1.1 Policies and Directives on Renewable Energies in the EU
3.4.1.1.1 2013/347/EC - Trans-European Energy Infrastructure
3.4.1.1.2 2009/28/EC - Renewable Energy Directive
3.4.1.1.3 2001/77/EC - Renewable Energy Sources in the Internal Electricity
3.4.1.2 Paris agreement
3.4.2 European Commission
3.4.2.1 General Data Protection Regulation (GDPR)2016/679
3.4.2.2 Renewable Energy Sources Act (EEG 2017)
3.4.2.3 Payment Service Directive (PSD1)
3.4.2.4 Payment Services Directive (PSD2)
3.4.3 U.S.
3.4.3.1 HOUSE BILL 2417
3.4.3.2 Article 5
3.4.3.3 Senate Bill No. 398
3.4.3.4 Senate Bill 69
3.4.3.5 Energy Policy Act, 2005
3.4.3.5.1 IEEE1547 - Standard for Interconnecting Distributed Resources with Electric Power Systems
3.4.4 Canada
3.4.4.1 CAN/CSA-C22.2 No. 257-06
3.4.4.2 CAN/CSA-C22.3 No. 9-08
3.4.5 China
3.4.5.1 13th Five-Year Plan
3.4.6 Japan
3.4.6.1 New Growth Strategy in 2011
3.4.7 UAE
3.4.7.1 Emirates Blockchain Strategy 2021
3.5 Innovation and technology landscape
3.5.1 Grid+
3.5.2 Oracle
3.5.3 Electron
3.5.4 Energi Mine
3.5.5 Sun Exchange
3.5.6 Greeneum
3.6 Potential of blockchain for the energy sector
3.7 History of development of blockchain technology
3.8 Start-Up Companies & Initiatives Utilizing Blockchain in the Energy Sector
3.9 Advantages of Blockchain Over Current Data Management Approaches
3.10 Alignment of Emerging Energy Issues and Core Blockchain Capabilities Resulting in Promising Energy Sector Applications of Blockchain
3.11 Industry impact forces
3.11.1 Growth drivers
3.11.1.1 Growth in decentralized power generation
3.11.1.2 Rising security concerns across the globe
3.11.1.3 Increased automation with data integrity and security
3.11.2 Industry pitfalls & challenges
3.11.2.1 Lack of a common set of regulatory standards and uncertain regulatory landscape
3.12 Blockchain is not Bitcoin
3.13 Growth potential analysis
3.14 Competitive landscape, 2018
3.14.1 Strategy dashboard
3.14.1.1 Electron
3.14.1.2 Power Ledger
3.14.1.3 LO3 Energy
3.14.1.4 WePower
3.14.1.5 Accenture
3.15 PESTEL Analysis
Chapter 4 Blockchain in Energy Market, By Category
4.1 Blockchain in energy market share by category, 2018 & 2025
4.2 Private
4.2.1 Global market from private, 2017 - 2025
4.2.2 Global market from private, by region, 2017 - 2025
4.3 Public
4.3.1 Global market from public, 2017 - 2025
4.3.2 Global market from public, by region, 2017 - 2025
Chapter 5 Blockchain in Energy Market, By Application
5.1 Blockchain in energy market share by application, 2018 & 2025
5.2 Power
5.2.1 Global market from power, 2017 - 2025
5.2.2 Global market from power, by region, 2017 - 2025
5.2.3 Grid transaction
5.2.3.1 Global market from grid transaction, 2017 - 2025
5.2.3.2 Global market from grid transaction, by region, 2017 - 2025
5.2.4 Peer-to-peer
5.2.4.1 Global market from peer-to-peer, 2017 - 2025
5.2.4.2 Global market from peer-to-peer, by region, 2017 - 2025
5.2.5 Energy financing
5.2.5.1 Global market from energy financing, 2017 - 2025
5.2.5.2 Global market from energy financing, by region, 2017 - 2025
5.2.6 Sustainability attribution
5.2.6.1 Global market from sustainability attribution, 2017 - 2025
5.2.6.2 Global market from sustainability attribution, by region, 2017 - 2025
5.2.7 Electric vehicle charging
5.2.7.1 Global market from electric vehicle charging, 2017 - 2025
5.2.7.2 Global market from electric vehicle charging, by region, 2017 - 2025
5.2.8 Others
5.2.8.1 Global market from others, 2017 - 2025
5.2.8.2 Global market from others, by region, 2017 - 2025
5.3 Oil & Gas
5.3.1 Global market from oil & gas, 2017 - 2025
5.3.2 Global market from oil & gas, by region, 2017 - 2025
5.3.3 Supply chain
5.3.3.1 Global market from supply chain, 2017 - 2025
5.3.3.2 Global market from supply chain, by region, 2017 - 2025
5.3.4 Operations
5.3.4.1 Global market from operations, 2017 - 2025
5.3.4.2 Global market from operations, by region, 2017 - 2025
5.3.5 Trading
5.3.5.1 Global market from trading, 2017 - 2025
5.3.5.2 Global market from trading, by region, 2017 - 2025
5.3.6 Security
5.3.6.1 Global market from security, 2017 - 2025
5.3.6.2 Global market from security, by region, 2017 - 2025
Chapter 6 Blockchain in Energy Market, By Region
6.1 Blockchain in energy market share by region, 2018 & 2025
6.2 North America
6.2.1 North America market, 2017 - 2025
6.2.2 North America market by category, 2017 - 2025
6.2.3 North America market by application, 2017 - 2025
6.2.3.1 North America market by power, 2017 - 2025
6.2.3.2 North America market by oil & gas, 2017 - 2025
6.2.4 U.S.
6.2.4.1 U.S. market, 2017 - 2025
6.2.4.2 U.S. market by category, 2017 - 2025
6.2.4.3 U.S. market by application, 2017 - 2025
6.2.4.3.1 U.S. market by power, 2017 - 2025
6.2.4.3.2 U.S. market by oil & gas, 2017 - 2025
6.2.5 Canada
6.2.5.1 Canada market, 2017 - 2025
6.2.5.2 Canada market by category, 2017 - 2025
6.2.5.3 Canada market by application, 2017 - 2025
6.2.5.3.1 Canada market by power, 2017 - 2025
6.2.5.3.2 Canada market by oil & gas, 2017 - 2025
6.2.6 Mexico
6.2.6.1 Mexico market, 2017 - 2025
6.2.6.2 Mexico market by category, 2017 - 2025
6.2.6.3 Mexico market by application, 2017 - 2025
6.2.6.3.1 Mexico market by power, 2017 - 2025
6.2.6.3.2 Mexico market by oil & gas, 2017 - 2025
6.3 Europe
6.3.1 Europe market, 2017 - 2025
6.3.2 Europe market by category, 2017 - 2025
6.3.3 Europe market by application, 2017 - 2025
6.3.3.1 Europe market by power, 2017 - 2025
6.3.3.2 Europe market by oil & gas, 2017 - 2025
6.3.4 Germany
6.3.4.1 Germany market, 2017 - 2025
6.3.4.2 Germany market by category, 2017 - 2025
6.3.4.3 Germany market by application, 2017 - 2025
6.3.4.3.1 Germany market by power, 2017 - 2025
6.3.4.3.2 Germany market by oil & gas, 2017 - 2025
6.3.5 UK
6.3.5.1 UK market, 2017 - 2025
6.3.5.2 UK market by category, 2017 - 2025
6.3.5.3 UK market by application, 2017 - 2025
6.3.5.3.1 UK market by power, 2017 - 2025
6.3.5.3.2 UK market by oil & gas, 2017 - 2025
6.3.6 Netherlands
6.3.6.1 Netherlands market, 2017 - 2025
6.3.6.2 Netherlands market by category, 2017 - 2025
6.3.6.3 Netherlands market by application, 2017 - 2025
6.3.6.3.1 Netherlands market by power, 2017 - 2025
6.3.6.3.2 Netherlands market by oil & gas, 2017 - 2025
6.3.7 France
6.3.7.1 France market, 2017 - 2025
6.3.7.2 France market by category, 2017 - 2025
6.3.7.3 France market by application, 2017 - 2025
6.3.7.3.1 France market by power, 2017 - 2025
6.3.7.3.2 France market by oil & gas, 2017 - 2025
6.3.8 Spain
6.3.8.1 Spain market, 2017 - 2025
6.3.8.2 Spain market by category, 2017 - 2025
6.3.8.3 Spain market by application, 2017 - 2025
6.3.8.3.1 Spain market by power, 2017 - 2025
6.3.8.3.2 Spain market by oil & gas, 2017 - 2025
6.4 Asia Pacific
6.4.1 Asia Pacific market, 2017 - 2025
6.4.2 Asia Pacific market by category, 2017 - 2025
6.4.3 Asia Pacific market by application, 2017 - 2025
6.4.3.1 Asia Pacific market by power, 2017 - 2025
6.4.3.2 Asia Pacific market by oil & gas, 2017 - 2025
6.4.4 China
6.4.4.1 China market, 2017 - 2025
6.4.4.2 China market by category, 2017 - 2025
6.4.4.3 China market by application, 2017 - 2025
6.4.4.3.1 China market by power, 2017 - 2025
6.4.4.3.2 China market by oil & gas, 2017 - 2025
6.4.5 Japan
6.4.5.1 Japan market, 2017 - 2025
6.4.5.2 Japan market by category, 2017 - 2025
6.4.5.3 Japan market by application, 2017 - 2025
6.4.5.3.1 Japan market by power, 2017 - 2025
6.4.5.3.2 Japan market by oil & gas, 2017 - 2025
6.4.6 Singapore
6.4.6.1 Singapore market, 2017 - 2025
6.4.6.2 Singapore market by category, 2017 - 2025
6.4.6.3 Singapore market by application, 2017 - 2025
6.4.6.3.1 Singapore market by power, 2017 - 2025
6.4.6.3.2 Singapore market by oil & gas, 2017 - 2025
6.4.7 Australia
6.4.7.1 Australia market, 2017 - 2025
6.4.7.2 Australia market by category, 2017 - 2025
6.4.7.3 Australia market by application, 2017 - 2025
6.4.7.3.1 Australia market by power, 2017 - 2025
6.4.7.3.2 Australia market by oil & gas, 2017 - 2025
6.4.8 New Zealand
6.4.8.1 New Zealand market, 2017 - 2025
6.4.8.2 New Zealand market by category, 2017 - 2025
6.4.8.3 New Zealand market by application, 2017 - 2025
6.4.8.3.1 New Zealand market by power, 2017 - 2025
6.4.8.3.2 New Zealand market by oil & gas, 2017 - 2025
6.5 Middle East & Africa
6.5.1 Middle East & Africa market, 2017 - 2025
6.5.2 Middle East & Africa market by category, 2017 - 2025
6.5.3 Middle East & Africa market by application, 2017 - 2025
6.5.3.1 Middle East & Africa market by power, 2017 - 2025
6.5.3.2 Middle East & Africa market by oil & gas, 2017 - 2025
6.5.4 Saudi Arabia
6.5.4.1 Saudi Arabia market, 2017 - 2025
6.5.4.2 Saudi Arabia market by category, 2017 - 2025
6.5.4.3 Saudi Arabia market by application, 2017 - 2025
6.5.4.3.1 Saudi Arabia market by power, 2017 - 2025
6.5.4.3.2 Saudi Arabia market by oil & gas, 2017 - 2025
6.5.5 UAE
6.5.5.1 UAE market, 2017 - 2025
6.5.5.2 UAE market by category, 2017 - 2025
6.5.5.3 UAE market by application, 2017 - 2025
6.5.5.3.1 UAE market by power, 2017 - 2025
6.5.5.3.2 UAE market by oil & gas, 2017 - 2025
6.5.6 Bahrain
6.5.6.1 Bahrain market, 2017 - 2025
6.5.6.2 Bahrain market by category, 2017 - 2025
6.5.6.3 Bahrain market by application, 2017 - 2025
6.5.6.3.1 Bahrain market by power, 2017 - 2025
6.5.6.3.2 Bahrain market by oil & gas, 2017 - 2025
6.5.7 Israel
6.5.7.1 Israel market, 2017 - 2025
6.5.7.2 Israel market by category, 2017 - 2025
6.5.7.3 Israel market by application, 2017 - 2025
6.5.7.3.1 Israel market by power, 2017 - 2025
6.5.7.3.2 Israel market by oil & gas, 2017 - 2025
6.5.8 South Africa
6.5.8.1 South Africa market, 2017 - 2025
6.5.8.2 South Africa market by category, 2017 - 2025
6.5.8.3 South Africa market by application, 2017 - 2025
6.5.8.3.1 South Africa market by power, 2017 - 2025
6.5.8.3.2 South Africa market by oil & gas, 2017 - 2025
6.5.9 Nigeria
6.5.9.1 Nigeria market, 2017 - 2025
6.5.9.2 Nigeria market by category, 2017 - 2025
6.5.9.3 Nigeria market by application, 2017 - 2025
6.5.9.3.1 Nigeria market by power, 2017 - 2025
6.5.9.3.2 Nigeria market by oil & gas, 2017 - 2025
6.6 Latin America
6.6.1 Latin America market, 2017 - 2025
6.6.2 Latin America market by category, 2017 - 2025
6.6.3 Latin America market by application, 2017 - 2025
6.6.3.1 Latin America market by power, 2017 - 2025
6.6.3.2 Latin America market by oil & gas, 2017 - 2025
6.6.4 Brazil
6.6.4.1 Brazil market, 2017 - 2025
6.6.4.2 Brazil market by category, 2017 - 2025
6.6.4.3 Brazil market by application, 2017 - 2025
6.6.4.3.1 Brazil market by power, 2017 - 2025
6.6.4.3.2 Brazil market by oil & gas, 2017 - 2025
6.6.5 Chile
6.6.5.1 Chile market, 2017 - 2025
6.6.5.2 Chile market by category, 2017 - 2025
6.6.5.3 Chile market by application, 2017 - 2025
6.6.5.3.1 Chile market by power, 2017 - 2025
6.6.5.3.2 Chile market by oil & gas, 2017 - 2025
Chapter 7 Company Profiles
7.1 Accenture
7.1.1 Business Overview
7.1.2 Financial Data
7.1.3 Product Landscape
7.1.4 Strategic Outlook
7.1.5 SWOT Analysis
7.2 Electron
7.2.1 Business Overview
7.2.2 Financial Data
7.2.3 Product Landscape
7.2.4 Strategic Outlook
7.2.5 SWOT Analysis
7.3 Power Ledger
7.3.1 Business Overview
7.3.2 Financial Data
7.3.3 Product Landscape
7.3.4 Strategic Outlook
7.3.5 SWOT Analysis
7.4 LO3 Energy
7.4.1 Business Overview
7.4.2 Financial Data
7.4.3 Product Landscape
7.4.4 Strategic Outlook
7.4.5 SWOT Analysis
7.5 WePower
7.5.1 Business Overview
7.5.2 Financial Data
7.5.3 Product Landscape
7.5.4 Strategic Outlook
7.5.5 SWOT Analysis
7.6 Grid+
7.6.1 Business Overview
7.6.2 Financial Data
7.6.3 Product Landscape
7.6.4 Strategic Outlook
7.6.5 SWOT Analysis
7.7 Infosys Limited
7.7.1 Business Overview
7.7.2 Financial Data
7.7.3 Product Landscape
7.7.4 SWOT Analysis
7.8 Oracle
7.8.1 Business Overview
7.8.2 Financial Data
7.8.3 Product Landscape
7.8.4 Strategic Outlook
7.8.5 SWOT Analysis
7.9 SAP
7.9.1 Business Overview
7.9.2 Financial Data
7.9.3 Product Landscape
7.9.4 Strategic Outlook
7.9.5 SWOT Analysis
7.10 Drift
7.10.1 Business Overview
7.10.2 Financial Data
7.10.3 Product Landscape
7.10.4 SWOT Analysis
7.11 EnergiMine Ltd.
7.11.1 Business Overview
7.11.2 Financial Data
7.11.3 Product Landscape
7.11.4 Strategic Outlook
7.11.5 SWOT Analysis
7.12 Conjoule GmbH
7.12.1 Business Overview
7.12.2 Financial Data
7.12.3 Product Landscape
7.12.4 Strategic Outlook
7.12.5 SWOT Analysis
7.13 Sun Exchange
7.13.1 Business Overview
7.13.2 Financial Data
7.13.3 Product Landscape
7.13.4 Strategic Outlook
7.13.5 SWOT Analysis
7.14 Greeneum
7.14.1 Business Overview
7.14.2 Financial Data
7.14.3 Product Landscape
7.14.4 Strategic Outlook
7.14.5 SWOT Analysis
7.15 Grid Singularity
7.15.1 Business Overview
7.15.2 Financial Data
7.15.3 Product Landscape
7.15.4 SWOT Analysis