The global Blockchain in Energy Market is forecasted to be worth USD 8,761.4 Million by 2027, according to a current analysis by Emergen Research. It's mainly due to blockchain technologies' ability to manage decentralized sources of energy and a holistic view of energy consumption through tracking. The growing safety concerns related to automated grids is anticipated to further propel the market growth in the forecast period. In October 2020, GuideVision was acquired by Infosys Limited. Infosys' Service Now capabilities will be enhanced by Guide Vision's training academy and offshore facilities, will provide customers in Europe unparalleled abilities in the first hybrid cloud transition. The rising demand for the Blockchain in Energy   products is expected to drive the demand for Blockchain in Energy  , thereby bolstering the growth of the industry. The report comprises a detailed analysis of the vital elements of the Blockchain in Energy   market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. Over the forecast period, the uncertain regulatory environment relating to power generations, significantly rising concerns regarding customer credibility among power management companies, is expected to inhibit the market growth. The rising adoption of blockchain in the energy industry and growing safety concerns related to automated grids are driving the demand for the market.

The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. In October 2020, Guide Vision was acquired by Infosys Limited. Due to the high amount of project execution and start-up presence, the European region is anticipated to dominate the market; the European region market is expected to be further driven by growing government funding. The power industry is expected to dominate the market with a CAGR of 56.2% over the forecasted period. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period Infosys will enhance its technological transformation with the acquisition, expanding Infosys Cobalt's cloud services offering and reaffirming its commitment to the rising Service Now ecosystem.

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Key participants include Infosys Limited, SAP SE, Oracle Corporation, Accenture plc, WePower UAB, IBM Corporation, Microsoft Corporation, Deloitte Touche Tohmatsu Limited, LO3 Energy, Inc., and BigchainDB GmbH, among others.

Emergen Research has segmented the global Blockchain in Energy Market on the basis of type, component, application, end-use, and region:

Type Outlook (Revenue, USD Million; 2017-2027)

Public

Private

End-Use Outlook (Revenue, USD Million; 2017-2027)

Oil & Gas

Power

Application Outlook (Revenue, USD Million; 2017-2027)

Peer-To-Peer Transaction

Grid Transactions

Energy Financing

Electric Vehicle

Sustainability Attribution

Others

Questions addressed in the report:

What is the estimated market growth rate throughout the forecast period?

Which end-use industry is expected to witness the highest demand for Blockchain in Energy  in the near future?

What is the regulatory framework governing the application of Blockchain in Energy  in the food industry?

Which manufacturing processes are utilized for the production of Blockchain in Energy ?

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Global Blockchain in Energy  Market Report – Table of Contents:

Chapter 1 includes the global Blockchain in Energy  market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.

Chapter 2 broadly categorizes the Blockchain in Energy  market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.

Chapter 3 elaborates on the competitive outlook of the Blockchain in Energy  market, focusing on the major manufacturers and vendor landscape.

Chapter 4 exhaustively studies the key manufacturers of the Blockchain in Energy  industry, along with their anticipated sales and revenue shares.

Chapters 5 includes market segmentation based on product type, application range, and market players. 

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