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The global Blockchain in the energy utility market the size is expected to reach US $ 1,564.0 million by the end of 2026. According to a report published by Fortune Business Insights, entitled “Blockchain in Energy Utilities Market Size, Share & Industry Analysis, By Offerings (Vertical Solutions, Blockchain-as -a- Service), By Deployment (Proof of Concept, Pilot, and Production) and Regional Forecast, 2019-2026 “, the market size was $ 127.5 million in 2018 and will show a CAGR of 37.6% during the forecast period, 2019-2026.
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An overview of the impact of COVID-19 on this market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on companies across all sectors. However, this too will pass. The growing support from governments and various companies can help in the fight against this highly contagious disease. There are some industries that are struggling and others are thriving. Overall, almost all sectors are expected to be affected by the pandemic.
We are continually striving to help your business sustain and grow during the COVID-19 pandemics. Based on our experience and expertise, we will offer you an analysis of the impact of the coronavirus outbreak across all sectors to help you prepare for the future.
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Some of the leading companies operating in the global Blockchain in Energy Utilities market are:
- IBM Corporation
- Greeneum
- Oracle Corporation
- Microsoft Corporation
- EnergiMine
- Accenture PLC
- Infosys Limited
- SAP SE
- LO3 Energy Inc.
- The Sun Exchange (Pty) Ltd.
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Europe and North America will witness considerable growth driven by increased government initiatives
The market is segmented based on regional demographics in North America, Latin America, Europe, Asia Pacific, the Middle East and Africa. Among these regions, the markets of North America and Europe are expected to see considerable growth in the coming years. Growing government initiatives to promote business distribution methods will lead to a subsequent increase in demand for the product in this region. In addition, focusing on promoting green energy and implementing numerous green purchasing programs will constitute the growth of the Blockchain market in Energy Utilities in Europe. In addition to Europe, the market in Asia Pacific is likely to see considerable growth in the coming years, thanks to the increasing incorporation of blockchain technology into applications across various industries. As of 2018, the Asia Pacific market was worth $ 21.9 million and the region is expected to emerge as the fastest growing region during the forecast period.
Segmentation of the blockchain market in the energy utilities market –
- From offers
- Vertical solutions
- Blockchain-as-a-Service
- For distribution
- Theoretical verification
- Pilot
- Production
- By region
- North America (United States and Canada)
- Europe (UK, France, Germany, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)
- Middle East and Africa (GCC, South Africa and Rest of the Middle East and Africa)
- Latin America (Brazil, Mexico and Rest of Latin America)
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