Blockchain in Energy Market to Accrue Commendable Gains Over 2018 to 2026 – Zion Market Research

With the presence of a large pool of participants, the global blockchain in energy market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR).

New York, NY , Sept. 21, 2018 (GLOBE NEWSWIRE) -- With the presence of a large pool of participants, the global blockchain in energy market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Veridium Labs, Conjoule, Greeneum, Grid+, Electron, Grid Singularity, Energy Web Foundation, LO3 Energy, Power Ledger, Sun Exchange, and WePower are some of the key vendors of blockchain technology across the world. These players across blockchain in energy market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development states the blockchain in energy market study.

For instance, in June 2018, Energi Mine—a UK-based block chain technology firm developing products in energy management sector—declared of forming association with Electra Commercial Vehicles, the UK-based firm aiming to offer automotive operators with pure, zero-emission services  for heavy goods trucks. Analysts forecast that the move is likely to boost the renewable energy sector in the coming years as well generate lucrative avenues for blockchain in energy market in the years ahead.

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Reportedly, blockchain technology is gaining massive popularity across the energy sector, owing to its ability for catalyzing swift transactions, assuring data security, offering effective data maintenance facility, and managing large networks. This, in turn, will stimulate blockchain in energy market trends.

Escalating Data Security Concerns To Leverage Market Growth Map

“Mammoth need for maintaining the equilibrium of demand & supply, growing complexity of web transactions, and concerns regarding data security is expected to elevate the growth graph of blockchain technology in energy market in the years ahead,” says the author of this study. Apart from this, the benefits such as swift & secured transactions derived from the use of blockchain technology are likely to influence the surge of blockchain in energy market in the years ahead. In addition to this, rolling out of smart meters and evolution of new peer-to-peer tools has annihilated the need for third party vendor while directly linking to the green energy producers. This, in turn, has positively leveraged the growth of blockchain in energy market.

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Introduction of new technologies such as IoT will help industry players to explore untapped potential of blockchain in energy market over the year ahead.

Massive Use Of Blockchain In Utilities To Aid North America’s Dominance

Regionally, Europe has been leading the worldwide blockchain in energy market and is anticipated to continue on the dominant position in the years to come, states the blockchain in energy market study. The humungous presence of utilities in the European countries along with growing trend of blockchain technology use in the utility sector is the main factor behind the dominance of the Europe blockchain in energy market. The high number of market players being headquartered in Europe is another significant factor that is supporting the growth of this regional blockchain in energy market. For the record, Berlin, the capital city of Germany, is a hub for startup firms and is seeking out new digital business models for business expansion. This move is likely to pave way for introducing blockchain technologies in the energy & utilities, thereby lucratively benefitting blockchain in energy market.  

In addition, major energy firms in Europe are expected to apply blockchain processes in the electric mobility, network management & billing, retail sales, renewable power origin testimonials, and decentralized power production. This, in turn, is projected to create hefty demand for blockchain technology in energy sectors.

This review is based on a report by Zion Market Research, titled Blockchain in Energy Market for Investment platform, Solar energy finance platform, Energy trading platform, and Peer-to-peer trading platform - Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 – 2026.

Browse Other Reports from ZMR:

  1. Global Blockchain-as-a-Service Market -
  2. Blockchain Technology in Supply Chain Management Market -

The Global Blockchain in energy market is segmented as follows:

By Renewable Cryptocurrencies

  • SolarCoins
  • M-PayG
  • Cross- border payments
  • KWHCoin
  • Coinify
  • ImpactPPA

By Platform

  • Investment Platform
  • Energy Trading Platform
  • Solar Energy Finance Platform
  • Peer-To-Peer Trading Platform

By Region

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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