200 Blockchain in Energy Projects in Power Sector are Operational Currently

According to the new market research report "Global Blockchain in Energy Market: Focus on Type (Public, Private), Components (Platform, Hardware), End Users (Power, Oil & Gas), Applications, Region, Stakeholder Analysis, and Regulatory Landscape - Analysis and Forecast, 2019–2024", published by BIS Research, Market is expected to grow at a cagr of 54.09% from 2019 to 2024.

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Blockchain for energy provides various opportunities for oil & gas and power companies. The power companies currently hold majority of the stake in the blockchain market. The oil and gas companies are in the initial phase of blockchain implementation. On the other hand, the power markets, especially in North America and Europe, have implemented multiple blockchain projects. As of September 2019, there are approximately 200 projects which are in operations in the power sector, globally.

There are various applications of blockchain in energy, both across power as well as oil & gas sectors. Companies across the power supply chain which includes power generation, transmission, distribution, and retail companies are implementing or in process of implementing blockchain across their networks. Oil and gas companies are moving swiftly toward the adoption of blockchain; however, the major implementations of blockchain has been in downstream and retail oil and gas. Further, new set of stakeholders such as EV companies and EV charging infrastructure companies are also adopting blockchain in certain pilot projects.

Key Questions Answered in this Report:

What is the global blockchain in energy market size in terms of revenue from 2018–2024, and what is the expected growth rate during the forecast period 2019–2024?
What is the revenue generated by different types of blockchains such as public and private at a global and regional level?
What is the revenue generated by blockchain based on different components such as platforms & software and hardware & services at a global and regional level?
What is the revenue generated by blockchain based on different end users such as power and oil & gas at a global and regional level?
What is the revenue generated by blockchain based on different applications for power and oil & gas at a global and regional level?
What is the market size and what are the various market opportunities of blockchain in energy across different regions?
What are the major driving forces that are expected to increase the demand for the blockchain in energy market during the forecast period?
What are the major challenges inhibiting the growth of the global blockchain in energy market?
Which are the major stakeholders in terms of their contribution and impact in the blockchain in energy ecosystem?
What kind of new strategies are adopted by the existing market players to expand their market position in the industry?
What is the regulatory landscape in different regions for blockchain in energy?

Key Market Players:

The key market players in the global blockchain in energy market include IBM Corporation, Microsoft Corporation, Oracle Corporation, BP plc, E.ON SE, LO3 Energy, Inc., Power Ledger, TenneT Holding B.V., Energy Web Foundation, Electron, Grid Plus, Inc., VAKT Global Ltd., and Ondiflo, and others.

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