Selbyville, Delaware, June 07, 2019 (GLOBE NEWSWIRE) --

The blockchain in energy market is poised to witness gains at around 50% to reach a valuation of $3 billion by 2025, according to a newly published Global Market Insights, Inc. research report. Growing complexity of power grids owing to increasing integration of renewable energy sources along with burgeoning demand for energy efficient systems for optimizing the grid operations will boost the market size. In addition, increased focus of the utilities toward the technology adoption coupled with massive propensity of the technology to direct constructive transformation will complement the blockchain in energy market landscape.

Growing demand to achieve balance between energy supply and demand mismatch coupled with increasing security concerns owing to ongoing advancements in internet connected devices will accelerate the blockchain in energy market size. Moreover, increasing deployment of the blockchain projects globally coupled with accelerating investments from various power giants toward its adoption will stimulate the technology demand.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/3223

Emergence of peer-to-peer platform along with the unveiling of smart meters have initiated disintermediation, thereby driving the blockchain in energy market. Emerging focus of power utilities to explore thy potential benefits of the technology coupled with increasing percentage of empowered prosumers existing in the renewable power trading will further foster the industry growth.

Oil & gas blockchain in energy market will exhibit substantial growth on account of rising concerns to enhance the trade accuracy along with technical efficiency of the technology to improve accessibility to trade data. Extensive ability to improve the scheduling and back office efficiency along with subsequent reduction in the working capital cycle will accelerate the product penetration across the industry. Furthermore, growing emphasis to eradicate the need for clearinghouses and confirmation processing combined with its potential to provide high degree of security, accuracy and reliability of transactions will propel the business outlook.

Browse key industry insights spread across 240 pages with 326 market data tables & 23 figures & charts from the report, “Blockchain in Energy Market Size By Category (Private, Public), By Application (Power {Grid Transactions, Peer-To-Peer, Energy Financing, Sustainability Attribution, Electric Vehicle Charging, Others}, Oil & Gas {Supply Chain, Operations, Trading, Security}), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, Netherlands, France, Spain, China, Japan, Singapore, Australia, New Zealand, Saudi Arabia, UAE, Bahrain, Israel, South Africa, Nigeria, Brazil, Chile), Application Potential, Competitive Market Share & Forecast, 2019– 2025” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/blockchain-in-energy-market

Blockchain in energy market size from private category in 2025 will grow over 45%. Strict control to reduce the downtime along with massive level of security provided by this platform are some of the key parameters stimulating the technology adoption. Moreover, lesser load and limited participants increases its competence to achieve faster transaction rate in comparison to its counterpart, thereby enhancing the business growth.

High potential of the technology to bring reliability & efficiency to the value chain of various industries including the power sector will boost the blockchain in energy market size. In addition, growing integration of renewable energy sources with the grid on account of achieving government renewable targets will augment the business growth. Massive convenience provided by the technology in electricity trading coupled with burgeoning investments toward the blockchain technology pilot projects globally will instigate a favorable industry scenario.

Eminent players operating in the blockchain in energy market comprise of Power Ledger, Limited, Oracle, Grid Singularity, Accenture, Greeneum, Drift, SAP, Electron, Grid+, Sun Exchange, WePower, LO3 Energy, EnergiMine, Conjoule GmbH amongst others.

Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/3223


Browse Related Reports:

Smart Grid Market Size By Technology (Smart T&D Equipment, Distribution & Network Automation, Advanced Metering Infrastructure, Consumer Interface, Communication & Wireless Infrastructure), By Deployment(Generation, Transmission, Distribution, End-Use), By Service (Consulting, Deployment & Integration, Support & Maintenance), Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast 2024

https://www.gminsights.com/industry-analysis/smart-grid-market

Blockchain Technology Market Size By Providers (Infrastructure Provider, Application Provider, Operators), By Application (Smart Contract, Payment & Wallet, Digital Identity, Exchange, Compliance & Risk Management), By End-use (BFSI, Government, Healthcare, IT Service, Media & Entertainment, Transportation & Logistics), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast 2024

https://www.gminsights.com/industry-analysis/blockchain-technology-market


About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com