1 / 3

Press Release of blockchain in energy market

The global blockchain in energy market is estimated to garner a revenue of USD 221 Billion by the end of 2035 by growing at a CAGR of ~51% over the forecast period, i.e., 2023 u2013 2035.

philip13
Download Presentation

Press Release of blockchain in energy market

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. BlockchaininEnergyMarketGrowthtobePropelledbyIncreasingDemand ofEnergyGloballyby CAGR of ~51%During 2023– 2035 Kenneth Research published a report titled “Global Blockchain in Energy Market: DemandAnalysis&OpportunityOutlook2031”whichdeliversdetailedoverview of the blockchain in energy market in terms of market segmentation by type, end user, applicationandby region. Further,for thein-depthanalysis, thereportencompasses theindustry growth indicators,restraints,supplyanddemandrisk,alongwithdetaileddiscussiononcurrent and future markettrends thatareassociated withthegrowthofthemarket. The global blockchain in energy market grow at CAGR ~51% over the forecast period, i.e., 2023-2035. By application, market is segmented into peer-to-peer transaction, grid transactions, energy financing, electric vehicle, sustainability attribution, and others. Amongall,theelectricvehiclesegmentistogrowovertheforecastperiod.Rapidincrease in population and growingdemandforpassengercarsistodrivethemarketgrowth.

  2. The global blockchain in energy market is to grow on the account of rising adoption of blockchain technology in energy sector and increasing automation with data integrity. As of 2021, globally, around 9billiondigitally-enabled automated devices are in use, including 1billionsmartmeters. From geographical point of view, market is analyzed into five regions, North America, Europe, Asia Pacific, Latin America and Middle East and Africa region. The Asia Pacific blockchain in energy market is expected to grow over the forecast period. Increased advancement in technology and rising adoption of internet of things (IOT) is to propel the growthoftheblockchaininenergymarket. For more informatin’s@https://www.kennethresearch.com/report-details/blockchain- in-energy-market/10352502 The research is global in nature and covers detailed analysis on the market in North America(U.S.,Canada),Europe(U.K.,Germany,France,Italy,Spain,Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest ofLatinAmerica),Asia-Pacific(China,India,Japan,SouthKorea,Indonesia,Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth&opportunityanalysis,marketplayers’competitivestudy,investment opportunities,demandforfutureoutlooketc.hasalsobeencoveredanddisplayedinthe researchreport. RisingAdoptionofInternetofThings (IOT)toDrivethe MarketGrowth The number of connected IoT devices is forecast to grow from 8.4 billion in 2017 to over 20 billion by 2020. The “Internet of Things” (IoT) provides a range of services and applications, such as personal healthcare, smart electricity grids, surveillance, home automationandintelligenttransport.Therefore,itisprojectedtoboostthegrowthofthe global blockchain inenergymarket.

  3. However,fearoffraudulentactivitiesinblockchainandhighcostofimplementationand maintenanceofblockchainarethefactors whichareexpectedtooperateaskeyrestraint tothegrowthofblockchaininenergy market overtheforecastperiod. This report also provides the existing competitive scenario of some of the key players of theblockchain inenergywhichincludescompanyprofilingofIBM,Microsoft, Accenture, Conjoule GmbH, BTL Group Ltd., Infosys, Power Ledger, Siemens, Drift, Electron, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the blockchain inenergymarketthatwillhelpindustryconsultants,equipmentmanufacturers,existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expectedtrendsinthefuture. RequestReport Sample@https://www.kennethresearch.com/sample-request- 10352502 KennethResearch isaleadingserviceproviderfor strategicmarketresearch and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order toavoid futureuncertainties. ContactformoreInfo: AJDaniel Email:sales@kennethresearch.com U.S. Phone:+13134620609

More Related