The global blockchain in energy market is further analyzed on the basis of geographical regions, including North America, Europe, Asia-Pacific, and Rest of the World. North America contributed a significant share in the global blockchain in energy market in 2018. The region is considered as a prominent adopter of advanced technologies, owing to which, there is a considerable adoption of blockchain technology in the energy sector. The presence of significant numbers of market players with the existence of foremost market players in the US such as LO3 Energy, Inc., is another factor for the growth of blockchain in energy market in North America. There is an increasing number of partnerships and investment signed in the recent past in the US, which in turn, is propelling the market growth. For instance, in July 2018, LO3 Energy, Inc. announced a partnership with Energy Web Foundation, for standardizing energy blockchain data. Furthermore, Europe is projected to witness considerable growth in the global blockchain in energy market during the forecast period. European countries such as UK, Germany, and the Netherlands are significantly investing in blockchain technologies in order to resolve the issues related to global transaction processes amid multiple parties; and provide a secure and accurate data to the customers.
Some of the players operating in the global blockchain in energy market include LO3 Energy, Inc., IBM Corp., Power Ledger Pty Ltd., ConsenSys AG, SAP SE, The Sun Exchange (Pty) Ltd., and WePower UAB. The companies are focused on the development of innovative platform and services for the blockchain in energy market to stay competitive in the global market. Geographical expansion, merger & acquisition, partnerships & collaborations, finding a new market or innovate in their core competency in order to expand individual market share are some of the key strategies adopted by major market players. For instance, in February 2018, Power Ledger Pty Ltd. signed a partnership agreement with US-based Clean Energy Blockchain Network (CEBN). Through this partnership, the companies are planning to evolve renewable energy through blockchain technology in Japan.
Research Methodology:
The market study of the global blockchain in energy market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
- Financial reports of companies involved in the market
- Whitepapers, research-papers and news blogs
- Company websites and their product catalog
The report is intended for blockchain technology vendors, third-party service providers, energy associations, research organizations, investors and venture capitalists, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.
Market Segmentation:
- Global Blockchain in Energy Market Research and Analysis by Deployment
- Global Blockchain in Energy Market Research and Analysis by Application
- Global Blockchain in Energy Market Research and Analysis by End-User
The Report Covers:
- Comprehensive research methodology of the global blockchain in energy market.
- This report includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global blockchain in energy market.
- Insights about market determinants which are stimulating the global blockchain in energy market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
