United States blockchain in energy market
is expected to grow at a steady rate during the forecast period. Blockchain,
also known as distributed ledger technology (DLT), is a cost effective and
efficient technology used to facilitate distributed transactions by removing
the central management. Blockchain has the potential to improve efficiencies
for utility providers by tracking the chain of custody for grid materials. It
also acts as a catalyst for business models and is useful in managing the
growing ownership, complexity and data security of the energy sector.
Increasing
focus towards energy utilities in exploring the benefits of the blockchain technology
for low-carbon transition and sustainability are the major factors driving the
United States blockchain in energy market. Additionally, the high potential of
this technology to bring reliability & efficiency to the value chain of
various end user industries such as oil & gas, power, among others is further
anticipated to propel the market during forecast period. Moreover, increasing
emphasis by the government towards improving energy efficiency, privacy,
interoperability and cybersecurity is anticipated to project the market during
forecast period.
The United States blockchain
in energy market is segmented based on type, component,
application, end user industry, company and region. Based on type, the market
can be bifurcated into private and public. The public blockchain segment is
expected to dominate the market through 2027 owing to its higher accessibility,
capability to increase platform awareness and open structure. Based on end
user, the market can be divided into oil & gas and power. The power
industry is expected to dominate the market attributable to the lower
transaction cost and improved network transparency.
Major players operating in the United blockchain
in energy market include Microsoft Corporation, International
Business Machines Corporation, Infosys Limited, Accenture, SAP, LO3 Energy Inc.,
Greeneum Smart Energy Platform Ltd, Drift Marketplace, Inc., IOTA Foundation, ImpactPPA
and others. The companies
are developing advanced technologies in order to stay competitive in the
market.
Objective of the Study:
- To analyze and forecast the market size of United States blockchain
in energy market.
- To classify and forecast United States blockchain in energy market
based on type, component, end user,
application, company and regional distribution.
- To identify drivers and challenges for United States blockchain in
energy market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in United States blockchain in
energy market.
- To conduct pricing analysis for United States blockchain in energy market.
- To identify and analyze the profile of leading players operating in
United States blockchain in energy market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of service providers across the region. Subsequently, TechSci Research
conducted primary research surveys with the identified companies. While
interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the service providers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the service providers, distribution channels and presence of all
major players across the region.
TechSci
Research calculated the market size of United States blockchain in energy market using a
bottom-up approach, wherein data for various end-user segments was recorded and
forecast for the future years. TechSci Research sourced these values from the
industry experts and company representatives and externally validated through
analyzing historical data of these product types and applications for getting
an appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Blockchain in energy service providers,
vendors and other stakeholders
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums and alliances related to
blockchain in energy
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
suppliers and partners, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
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Attribute
|
Details
|
|
Base Year
|
2021
|
|
Historical Data
|
2017 –
2020
|
|
Estimated Year
|
2022
|
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Forecast Period
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2023
– 2027
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|
Quantitative Units
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Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F
|
|
Report coverage
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Revenue
forecast, company share, competitive landscape, growth factors, and trends
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Segments covered
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·
Type
·
Component
·
End User
·
Application
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Regional scope
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Northeast
Region, South Region, West Region, Mid-west Region
|
|
Key companies profiled
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Microsoft Corporation, International Business Machines
Corporation, Infosys Limited, Accenture, SAP, LO3 Energy Inc., Greeneum Smart
Energy Platform Ltd, Drift Marketplace, Inc., IOTA Foundation, ImpactPPA
|
|
Customization scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
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PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
|
Report Scope:
In this report, United States blockchain
in energy market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
- Market, By Type:
- Market, By Component:
- Market, By End User:
- Market, By Application:
o Energy Trading
o Grid
Management
o Payment
Schemes
o Supply Chain
Management
- Market, By Region:
- North-East
- Mid-West
- West
- South
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in United States blockchain in energy market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
It is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]