The global blockchain inenergymarket is projected to reach USD 7,110.1 million by 2023 at a CAGR of 78.32%, from USD 394.3 million in estimated in 2018. The growth of the block chain inenergy popularity of the blockchain technology in the energy sector.
Browse 71 market data Tables and 37 Figures spread through 142 Pages and in-depth TOC on „Blockchain in Energy Market – Global Forecast to 2023“
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The Asia Pacific is estimated to be the fastest growing market for blockchain in energysector during the forecast period. The region has been segmented, by country, into Japan, Singapore, Australia, New Zealand, and rest of the Asia Pacific. The blockchain inenergyblock in the energy market. Moreover, the relationships between all parties are important.
The blockchain in energymarket, by component, is segmented into platform and services. The platform segment is estimated to be the fastest growing segment during the forecast period. The blockchain platform offers decentralized storage to record all transactional data and providespeertransaction to end-users. It enables users to set up private, public, and consortium-based blockchain environments along with the capabilities to develop their blockchain applications and solutions.
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The blockchain in energymarket, by end-user, is segmented into power and oil & gas. The power segment is considered to be the fastest growing segment of the forecast period as it has the largest number of implemented blockchains in energy projects and R & D investments. For the oil & gas sector, the use of blockchain technology is still emerging.
The report segments the blockchain in energy market, by application, into grid management, energy trading, governmentrisk and compliance management, payment schemes, supply chain management, and others. The energy trading segment is expected to grow to become one of the most widely used CAGRs in the future as well as energy-efficient trading, maintenance of distributed energy systems, and peer-to-peer energy trading systems.
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