Blockchain in Energy Market Analysis

1
Blockchain in Energy Market Growth to be
Propelled by Increasing Demand of Energy
Globally by CAGR of 51 During 2023
2035 Kenneth Research published a report titled
Global Blockchain in Energy Market Demand
Analysis Opportunity Outlook 2031 which
delivers detailed overview of the blockchain in
energy market in terms of market segmentation by
type, end user, application and by
region. Further, for the in-depth analysis, the
report encompasses the industry growth
indicators, restraints, supply and demand risk,
along with detailed discussion on current and
future market trends that are associated with the
growth of the market.
The global blockchain in energy market grow at
CAGR 51 over the forecast period, i.e.,
2023-2035. By application, market is segmented
into peer-to-peer transaction, grid
transactions, energy financing, electric vehicle,
sustainability attribution, and others. Among
all, the electric vehicle segment is to grow over
the forecast period. Rapid increase in
population and growing demand for passenger cars
is to drive the market growth.
2
The global blockchain in energy market is to grow
on the account of rising adoption of blockchain
technology in energy sector and increasing
automation with data integrity. As of 2021,
globally, around 9 billion digitally-enabled
automated devices are in use, including
1 billion smart meters. From geographical point
of view, market is analyzed into five regions,
North America, Europe, Asia Pacific, Latin
America and Middle East and Africa region. The
Asia Pacific blockchain in energy market is
expected to grow over the forecast period.
Increased advancement in technology and rising
adoption of internet of things (IOT) is to propel
the growth of the blockchain in energy
market. For more informatins_at_https//www.kennethr
esearch.com/report-details/blockchain-
in-energy-market/10352502 The research is global
in nature and covers detailed analysis on the
market in North America (U.S., Canada), Europe
(U.K., Germany, France, Italy, Spain, Hungary,
Belgium, Netherlands Luxembourg, NORDIC
Finland, Sweden, Norway, Denmark, Poland,
Turkey, Russia, Rest of Europe), Latin America
(Brazil, Mexico, Argentina, Rest of Latin
America), Asia-Pacific (China, India, Japan,
South Korea, Indonesia, Singapore, Malaysia,
Australia, New Zealand, Rest of Asia-Pacific),
Middle East and Africa (Israel, GCC Saudi
Arabia, UAE, Bahrain, Kuwait, Qatar, Oman, North
Africa, South Africa, Rest of Middle East and
Africa). In addition, analysis comprising market
size, Y-O-Y growth opportunity analysis,
market players competitive study, investment
opportunities, demand for future outlook etc. has
also been covered and displayed in the research
report. Rising Adoption of Internet of Things
(IOT) to Drive the Market Growth The number of
connected IoT devices is forecast to grow from
8.4 billion in 2017 to over 20 billion by 2020.
The Internet of Things (IoT) provides a range
of services and applications, such as personal
healthcare, smart electricity grids,
surveillance, home automation and intelligent
transport. Therefore, it is projected to boost
the growth of the global blockchain in energy
market.
3
However, fear of fraudulent activities in
blockchain and high cost of implementation and
maintenance of blockchain are the factors which
are expected to operate as key restraint to the
growth of blockchain in energy market over the
forecast period. This report also provides the
existing competitive scenario of some of the key
players of the blockchain in energy which
includes company profiling of IBM, Microsoft,
Accenture, Conjoule GmbH, BTL Group Ltd.,
Infosys, Power Ledger, Siemens, Drift, Electron,
and others. The profiling enfolds key information
of the companies which encompasses business
overview, products and services, key financials
and recent news and developments. On the whole,
the report depicts detailed overview of the
blockchain in energy market that will help
industry consultants, equipment manufacturers,
existing players searching for expansion
opportunities, new players searching
possibilities and other stakeholders to align
their market centric strategies according to the
ongoing and expected trends in the
future. Request Report Sample_at_ https//www.kenneth
research.com/sample-request- 10352502 Kenneth
Research is a leading service provider for
strategic market research and consulting. We aim
to provide unbiased, unparalleled market insights
and industry analysis to help industries,
conglomerates and executives to take wise
decisions for their future marketing strategy,
expansion and investment etc. We believe every
business can expand to its new horizon, provided
a right guidance at a right time is available
through strategic minds. Our out of box thinking
helps our clients to take wise decision in order
to avoid future uncertainties. Contact for more
Info AJ Daniel Email sales_at_kennethresearch.com
U.S. Phone [phone]