The revenue graph of blockchain in energy market is poised to depict exponential growth as the need to develop & deploy new efficient ways of generating & delivering electricity, under the Paris Agreement, intensifies. According to the International Finance Corporation, the Paris Agreement aimed to tackle climate change by generating energy through reliable, clean energy sources. However, countering climate change by completely overhauling the way energy is generated would require emerging markets to mobilize trillions of dollars through different sources.
Moreover, the agreement also requires power generation to be more flexible, distributed and through resources that could be managed through bi-directional communication, allowing investors to easily evaluate & track the impact of their investments. To achieve this mammoth task, investors, policy makers & regulators are likely to utilize blockchain technology, combining it with the Internet of Things (IoT), smart devices and big data. In a nutshell, this requirement would majorly help augment the deployment of blockchain in energy industry.
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Blockchain in energy market from private category in 2025 will grow over 45%. Strict control to reduce the downtime along with massive level of security provided by this platform are some of the key parameters stimulating the technology adoption. Moreover, lesser load and limited participants increases its competence to achieve faster transaction rate in comparison to its counterpart, thereby enhancing the business growth.
Oil & gas blockchain in energy market will exhibit substantial growth on account of rising concerns to enhance the trade accuracy along with technical efficiency of the technology to improve accessibility to trade data. Extensive ability to improve the scheduling and back office efficiency along with subsequent reduction in the working capital cycle will accelerate the product penetration across the industry. Furthermore, growing emphasis to eradicate the need for clearinghouses and confirmation processing combined with its potential to provide high degree of security, accuracy and reliability of transactions will propel the business outlook.
The revenue graph of blockchain in energy market is poised to depict exponential growth as the need to develop & deploy new efficient ways of generating & delivering electricity, under the Paris Agreement, intensifies. According to the International Finance Corporation, the Paris Agreement aimed to tackle climate change by generating energy through reliable, clean energy sources. However, countering climate change by completely overhauling the way energy is generated would require emerging markets to mobilize trillions of dollars through different sources.
Moreover, the agreement also requires power generation to be more flexible, distributed and through resources that could be managed through bi-directional communication, allowing investors to easily evaluate & track the impact of their investments. To achieve this mammoth task, investors, policy makers & regulators are likely to utilize blockchain technology, combining it with the Internet of Things (IoT), smart devices and big data. In a nutshell, this requirement would majorly help augment the deployment of blockchain in energy market.
Accelerating investments toward the adoption of the technology coupled with enhanced initiatives toward exploring and promoting its research & development will drive the Europe blockchain in energy market. Enhanced focus to promote energy efficiency, privacy, cybersecurity and interoperability to implement & improve the current technology will further propel the industry landscape.
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Eminent players operating in the blockchain in energy market comprise of Power Ledger, Limited, Oracle, Grid Singularity, Accenture, Greeneum, Drift, SAP, Electron, Grid+, Sun Exchange, WePower, LO3 Energy, EnergiMine, Conjoule GmbH amongst others.
Table of Contents (ToC) of the report:
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 Market 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 Market 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
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