Global Blockchain in Energy Market Report – Forecast Till 2023


Global Blockchain in Energy Market Report Information by Technology Type, By Platform, By Implementation, By End-Use, By Region – Forecast Till 2023



Blockchain technology is a relatively new technology that has the potential to transform the way energy industry operates by shifting away from a centralized structure toward a decentralized system. The implementation of blockchain in energy industry operations, eliminates the need for services such as switching websites, energy brokers and energy efficiency advice providers from third-party intermediaries. This can effectively increase the speed of energy industry processes as well as it can reduce the cost of operations. The blockchain technology makes energy industry operations more flexible and accelerate the speed of changes.
The global blockchain technology is at an early stage of its innovation and key technological operators are still experimenting and exploring its capabilities. Blockchain has its roots and use in the financial sector, wherein central control has been removed the financial transactions and the execution of contractual commitments. The major factor for this is that the energy industry is quite advanced when compared to the other sectors and is much regulated in its operations. There is significant potential for blockchain technology in energy industry as blockchain technology is an instrument to manage the sector’s growing complexity, data security, and ownership.
For the purpose of the study the global blockchain in energy market has been segmented by technology type, platform type, implementation type, end-use industries, and application. Based on technology type, the market has been segmented as open blockchain, closed blockchain, consortium blockchain, and hybrid blockchain. Closed blockchain segment dominated the market in 2017 and is expected to remain dominant during the forecast period as these participants have the permission to decide future entrants, facilitate financial transactions between participants, and enable moving from bilateral retail arrangements to multi-lateral trading ecosystems and deliver higher security and reliability as they are restricted to limited participants. Based on platform type, the market has been segmented as ethereum, hyperledger, tendermint, interbit, and others. Ethereum segment dominated the market in 2017 and is expected to hold the largest market share during the forecast period due to their capability of executing smart contract function within decentralized ledger. On the basis of implementation type, the market has been segmented as service and solution, development platforms, and industry-specific. Service & Solution segment dominated the market in 2017 and is expected to hold the largest market share during the forecast period as it provides solution for fluctuating demand for energy, demand for improved and personalized customer service, increasing operating costs and many more. On the basis of end-use industries, the market has been segmented as power and utilities, renewable energy, and oil & gas. Renewable Energy segment dominated the market in 2017 and is expected to remain dominant during the forecast period due to increasing transactions from renewable energy producers for smart contracts, controlling the supply and demand of power. On the basis of application the market has been segmented as energy trading, grid management, payment schemes, control & security, and supply chain & logistics. Energy Trading segment dominated the market in 2017 and is expected to remain dominant during the forecast period as it enables the operators to develop their own closed blockchain enabled ecosystem that will cover the entire transaction lifecycle including back office settlements and payments. On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.

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Table of Contents

Table of Contents:

1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 The Scope of the Study
2.3 Market Structure
2.4 List of Assumptions
2.5 Key Takeaways
2.6 Key Adoption Criteria
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Growth in decentralized energy generation
4.2.2 Disintermediation – No influence of any central intermediary
4.2.3 Increased Automation with data integrity and security
4.2.4 Drivers Impact Analysis
4.3 Restraints
4.3.1 Uncertain Regulatory Protocols
4.3.2 Lack of Prominent Players
4.3.3 Restraints Impact Analysis
4.4 Opportunities
4.4.1 Development of new business models
4.4.2 Enable real-time transactions
4.5 Challenges
4.5.1 Integration with existing systems
4.5.2 Potential security risks
5 Market Factor Analysis
5.1 Blockchain in Energy Operations
5.2 Transaction request
5.3 Validation of request
5.4 Creation of a Block
5.5 Generation of Blockchain
5.6 Completion of transaction
5.7 Blockchain Technology Lifecycle Analysis
5.8 Explore and Understand Phase
5.8.1 Embryonic Stage
5.8.2 Emerging
5.9 Growth Phase
5.9.1 Early Mainstream
5.10 Mature Mainstream
5.11 Obsolete Phase
5.11.1 Legacy
5.11.2 Obsolete
6 Global Blockchain in Energy Market, By Technology Type
6.1 Overview
6.2 Open Blockchain
6.3 Closed Blockchain
6.4 Consortium Blockchain
6.5 Hybrid Blockchain
7 Global Blockchain in Energy Market, By Platform Type
7.1 Overview
7.2 Ethereum
7.3 Hyperledger
7.4 Tendermint
7.5 Interbit
7.6 Others
8 Global Blockchain in Energy Market, By Implementation Type
8.1 Overview
8.2 Service & Solution
8.3 Development Platforms
8.4 Industry Specific
9 Global Blockchain in Energy Market, By End-Use Industries
9.1 Overview
9.2 Power & Utilities
9.3 Renewable Energy
9.4 Oil & Gas
10 Global Blockchain in Energy Market, By Applications
10.1 Overview
10.2 Grid Management
10.2.1 Microgrid and Smart Grids
10.2.2 Energy Storage
10.3 Energy Trading
10.3.1 Smart Contracts
10.3.2 Real-time Pricing
10.3.3 Peer-to-Peer Trading
10.4 Control & Security
10.4.1 Instant Demand Response
10.4.2 Drilling Optimization
10.4.3 Compliance Monitoring
10.5 Payment Schemes
10.5.1 As Tokens
10.5.2 As Wallets
10.5.3 As Cross-Border Payments
10.6 Supply Chain and Logistics
10.6.1 Inventory Management
10.6.2 Purchase Order & Validity of Documents
11 Global Blockchain in Energy Market, By Region
11.1 Overview
11.2 North America
11.2.1 US
11.2.2 Canada
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 The Netherlands
11.3.4 Rest of Europe
11.4 Asia Pacific
11.4.1 Australia
11.4.2 Japan
11.4.3 China
11.4.4 Rest of Asia Pacific
11.5 Rest of the World
12 Competitive Landscape
13 Company Profile
13.1 Power Ledger Pty Ltd
13.1.1 Company Overview
13.1.2 Service Offering
13.1.3 Key Developments
13.1.4 Key Projects
13.2 WePower UAB
13.2.1 Company Overview
13.2.2 Service Offering
13.2.3 Key Developments
13.2.4 Key Projects
13.3 LO3 Energy, Inc.
13.3.1 Company Overview
13.3.2 Token Allocation of Lo3 Energy
13.3.3 Service Offerings
13.3.4 Key Developments
13.3.5 Key Projects
13.4 Grid +
13.4.1 Company Overview
13.4.2 Token Allocation of Grid+
13.4.3 Service Offerings
13.4.4 Key Developments
13.5 BTL Group Ltd.
13.5.1 Company Overview
13.5.2 Financial Overview
13.5.3 Service Offerings
13.5.4 Key Developments
13.5.5 Key Projects
13.6 The Sun Exchange (Pty) Ltd.
13.6.1 Company Overview
13.6.2 Token Allocation of The Sun Exchange (Pty) Ltd
13.6.3 Service Offerings
13.6.4 Key Projects
13.7 Conjoule GmbH
13.7.1 Company Overview
13.7.2 Token Allocation of Conjoule GmbH
13.7.3 Service Offerings
13.7.4 Key Developments
13.7.5 Key Projects
13.8 Enosi Foundation
13.8.1 Company Overview
13.8.2 Token Allocation of Enosi Foundation
13.8.3 Service Offerings
13.8.4 Key Developments
13.9 Electron (Chaddenwych Services Limited).
13.9.1 Company Overview
13.9.2 Token Allocation of Electron
13.9.3 Service Offerings
13.9.4 Key Developments