Blockchain in energy market is anticipated to experience stellar growth from oil & gas applications over the projected timeframe owing to the increased efforts to optimize trade accuracy as well as technical efficiency to enhance trade data accessibility. The technology’s extensive ability to enhance the efficiency in back office and subsequent working capital cycle minimization will reinforce the industry outlook.
Rising focus of oil & gas companies on eliminating the need for confirmation processing and clearinghouses paired with a potential to offer higher degree of accuracy, reliability and security of transactions will accelerate blockchain adoption across the segment.
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Growing power grid complexity due to increased adoption of renewable energy sources paired with surging demand for energy efficient systems to enhance grid efficiency will foster blockchain in energy market size. The advent of smart metering systems along with the rise of peer-to-peer platforms have resulted in disintermediation, which will further drive the adoption of blockchain in utility applications during analysis period. In addition, increased deployment of blockchain projects worldwide and accelerating investments towards advancing the technology will boost the industry penetration.
Blockchain in energy industry share from the private segment will amass modest proceeds owing to superior security services along with strict control to minimize downtime. Further, limited competition at present and lesser load enhances its capability to attain faster transaction rate as compared to its counterpart. Private blockchain in energy market is expected to witness a growth of over 45% from 2019-2025, fueled by an escalating need to achieve energy supply/demand balance combined with rising security concerns, on the account of advancements in internet connected devices.
Europe blockchain in energy market is expected to garner substantial revenues over by 2025 on account of growing investments towards digitization of processes and technology adoption, combined with revised initiatives for promoting and exploring R&D in secure blockchain. Besides, growing necessity for ensuring privacy, efficiency, interoperability and cybersecurity to enhance existing operations will influence the industry demand.
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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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