Blockchain in Energy Industry Market Research Report - Forecast to 2023

Publisher : Market Research Future Publication Date : Apr 12, 2018

Number of Pages : 100 Subcategory : Energy
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  • Description

    Product Description

    Market Scenario

    The global energy industry in recent years has been witnessing uncertainties, such as the unexpected drop in oil prices. But, the industry has identified Blockchain technology as the single most uncertainty within the digitization elements that can have a far greater impact than the oil price drop. This is chiefly because, the global energy industry has been playing a major role in fueling the global economy since the industrial revolution. Digitization has continuously been changing the global energy industry dynamics along with the consumer inclination. The Blockchain technology in energy sector is expected to take it to the next step as it has the potential to change the fundamental way the global energy industry operates.

    Until now, the global energy industry has been operating on the underlying model of centralized structure, where all records and every transaction have to go under various exchanges, authorization agencies and trading platforms. For instance, transport of oil from the extraction point to the consumer point is a legal and logistical nightmare as several transaction and verification activity has to be carried out at every point. All these transactions are usually retained in a centralized database, which can then be accessed by energy companies and government agencies. Digitization has enabled the energy industry to move on from centralized systems to decentralized systems of operations, and now Blockchain is expected to lead the way.

    Blockchain in energy industry aims at multi-locational data structures, which will inherently provide robustness and flexibility to the operations. The technology has a very unique benefit wherein it can be shared across multiple organizations but not dominated by anyone. Data security is also guaranteed as the enlisted transactions cannot be erased, which will result in increased integrity of operations. This will ultimately result in more direct relationship between the energy suppliers and their clients.

    Global Blockchain in Energy Industry market has been segmented based on technology type, platform type, Implementation type, by end-use industries, by application and by region. With increasing number of decentralized energy generation services such as solar PV’s and small-scale wind energy, blockchain technology facilitates the trading of energy through the platform. Especially, peer-to-peer trading in applications is expected to dominate the industry as several startups and utilities are currently investing in this space. This is followed by the smart contracts generation application which are expected to be instantaneous using blockchain technology. The global utilities, blockchain companies and small-time power providers are increasingly looking to exploit these explicit benefits blockchain provides in this particular segment. For instance, energy producers through renewable energy sources can sell excess energy within their community to the peers of their choice through blockchain. Hence peer-2-peer energy trading is expected to witness the highest growth rate. While, the utilities by end-use sector is expected to dominate for the same reason as several million worth investment has been made by partnerships between utilities and Blockchain counterparts. The oil & gas sector is not expected to lag far behind as several oil & gas majors including BP and Shell are currently investing in this technology. It is expected from these oil & gas majors that they will share a common platform which will revolutionize the way oil industry has been operating.

    The industry is expected to witness several major benefits in coming years using the blockchain technology. With continuous experimentation and implementation of blockchain technology in energy industry in Australia, U.S and in Europe, and major firms are actively looking into it, the market is expected to witness a significant growth during the forecast period.

    Global blockchain in energy industry market is expected to grow at ~ 29% CAGR during the forecast period.

    Market Segmentation

    Blockchain in Energy Industry Market Research Report - Forecast to 2023 -Report image 00

    Global Blockchain in Energy Industry Market

    The growth of global blockchain in energy industry is influenced by the benefits that Blockchain in Energy Industry offers through decentralization of operations. Energy business is no longer required to depend on a central intermediary for operations. Once deployed, blockchain will facilitate rapid scalability and expansion of a number of participants and users with instantaneous completion of transactions. Overall, it is expected that the implementation of blockchain would drastically reduce the costs compared to the existing systems of operation in the energy industry. However, lack of clear regulatory protocols and limited suppliers and expertise and skills required to implement the technology can hinder the growth of the market.

    Key Players

    The key players of global blockchain in energy Industry market are Power Ledger (Australia), Conjoule (Germany), Grid+ (U.S), Grid Singularity (Germany), Impact PPA (U.S), Exergy (LO3 energy) (U.S), The Sun Exchange (Pty) Ltd (South Africa), WePower UAB (Republic of Lithuania), and BTL Group Ltd.(Canada). Global blockchain (Canada), Electron (Chaddenwych Services Limited) (U.K), PONTON GmbH (Germany), Stedin Group (Netherlands), OURSOLARGRID (ITP Innovative Technology Projects GmbH) (Germany), and Omega Grid (U.S) are among others.

  • Table of Content

    Blockchain in Energy Industry Market Research Report - Forecast to 2023

    Table Of Content

    1 Executive Summary

    2 Scope Of The Report

    2.1 Market Definition

    2.2 Scope Of The Study

    2.2.1 Definition

    2.2.2 Research Objective

    2.2.3 Assumptions

    2.2.4 Limitations

    2.3 Research Process

    2.3.1 Primary Research

    2.3.2 Secondary Research

    2.4 Market Size Estimation

    2.5 Forecast Model
    3 Market Landscape

    3.1 Porter’s Five Forces Analysis

    3.1.1 Threat Of New Entrants

    3.1.2 Bargaining Power Of Buyers

    3.1.3 Bargaining Power Of Suppliers

    3.1.4 Threat Of Substitutes

    3.1.5 Segment Rivalry

    3.2 Value Chain/Supply Chain Analysis
    4 Market Dynamics

    4.1 Introduction

    4.2 Market Drivers

    4.3 Market Restraints

    4.4 Market Opportunities

    4.5 Market Trends
    5 Global Blockchain In Energy Industry Market, By Technology Type

    5.1 Introduction

    5.2 Open Blockchain

    5.2.1 Market Estimates & Forecast, 2017-2023

    5.2.2 Market Estimates & Forecast By Region, 2017-2023

    5.3 Closed Blockchain

    5.3.1 Market Estimates & Forecast, 2017-2023

    5.3.2 Market Estimates & Forecast By Region, 2017-2023

    5.3 Consortium Blockchain

    5.3.1 Market Estimates & Forecast, 2017-2023

    5.3.2 Market Estimates & Forecast By Region, 2017-2023

    5.3 Hybrid Blockchain

    5.3.1 Market Estimates & Forecast, 2017-2023

    5.3.2 Market Estimates & Forecast By Region, 2017-2023

    6 Global Blockchain In Energy Industry Market, By Platform Type

    6.1 Introduction

    6.2 Ethereum

    6.2.1 Market Estimates & Forecast, 2017-2023

    6.2.2 Market Estimates & Forecast By Region, 2017-2023

    6.3 Hyperledger

    6.3.1 Market Estimates & Forecast, 2017-2023

    6.3.2 Market Estimates & Forecast By Region, 2017-2023

    6.4 Tendermint

    6.4.1 Market Estimates & Forecast, 2017-2023

    6.4.2 Market Estimates & Forecast By Region, 2017-2023

    6.5 Interbit

    6.5.1 Market Estimates & Forecast, 2017-2023

    6.5.2 Market Estimates & Forecast By Region, 2017-2023

    6.5 Others

    6.5.1 Market Estimates & Forecast, 2017-2023

    6.5.2 Market Estimates & Forecast By Region, 2017-2023

    7 Global Blockchain In Energy Industry Market, By Implementation Type

    7.1 Introduction

    7.2 As Service And Solution

    7.2.1 Market Estimates & Forecast, 2017-2023

    7.2.2 Market Estimates & Forecast By Region, 2017-2023

    7.3 Development Platforms

    7.3.1 Market Estimates & Forecast, 2017-2023

    7.3.2 Market Estimates & Forecast By Region, 2017-2023

    7.4 Industry Specific

    7.4.1 Market Estimates & Forecast, 2017-2023

    7.4.2 Market Estimates & Forecast By Region, 2017-2023

    7.5 Others

    7.5.1 Market Estimates & Forecast, 2017-2023

    7.5.2 Market Estimates & Forecast By Region, 2017-2023

    8 Global Blockchain In Energy Industry Market, By End-Use Industries

    8.1 Introduction

    8.2 Power & Utilities

    8.2.1 Market Estimates & Forecast, 2017-2023

    8.2.2 Market Estimates & Forecast By Region, 2018-2023

    8.3 Renewable Energy

    8.3.1 Market Estimates & Forecast, 2017-2023

    8.3.2 Market Estimates & Forecast By Region, 2018-2023

    8.4 Oil & Gas

    8.4.1 Market Estimates & Forecast, 2017-2023

    8.4.2 Market Estimates & Forecast By Region, 2018-2023

    9 Global Blockchain In Energy Industry Market, By Application

    9.1 Introduction

    9.2 Grid Management

    9.2.1 Microgrids And Smart Grids

    9.2.1.1 Market Estimates & Forecast, 2017-2023

    9.2.1.2 Market Estimates & Forecast By Region, 2019-2023

    9.2.2 Energy Storage

    9.2.2.1 Market Estimates & Forecast, 2017-2023

    9.2.2.2 Market Estimates & Forecast By Region, 2019-2023

    9.2.3 Others

    9.2.3.1 Market Estimates & Forecast, 2017-2023

    9.2.3.2 Market Estimates & Forecast By Region, 2019-2023

    9.3 Energy Trading

    9.3.1 Smart Contracts

    9.3.1.1 Market Estimates & Forecast, 2017-2023

    9.3.1.2 Market Estimates & Forecast By Region, 2019-2023

    9.3.2 Real Time Pricing

    9.3.2.1 Market Estimates & Forecast, 2017-2023

    9.3.2.2 Market Estimates & Forecast By Region, 2019-2023

    9.3.3 Peer-To-Peer Trading

    9.3.3.1 Market Estimates & Forecast, 2017-2023

    9.3.3.2 Market Estimates & Forecast By Region, 2019-2023

    9.4 Control And Security

    9.4.1 Instant Demand Response

    9.4.1.1 Market Estimates & Forecast, 2017-2023

    9.4.1.2 Market Estimates & Forecast By Region, 2019-2023

    9.4.2 Report To Matching Operators

    9.4.2.1 Market Estimates & Forecast, 2017-2023

    9.4.2.2 Market Estimates & Forecast By Region, 2019-2023

    9.4.3 Drilling Optimization

    9.4.3.1 Market Estimates & Forecast, 2017-2023

    9.4.3.2 Market Estimates & Forecast By Region, 2019-2023

    9.4.4 Monitor Compliance

    9.4.4.1 Market Estimates & Forecast, 2017-2023

    9.4.4.2 Market Estimates & Forecast By Region, 2019-2023

    9.5 Payment Schemes

    9.5.1 As Tokens

    9.5.1.1 Usage Tokens

    9.5.1.1.1 Market Estimates & Forecast, 2017-2023

    9.5.1.1.2 Market Estimates & Forecast By Region, 2019-2023

    9.5.1.2 Work Tokens

    9.5.1.2.1 Market Estimates & Forecast, 2017-2023

    9.5.1.2.2 Market Estimates & Forecast By Region, 2019-2023

    9.5.1.3 Application Tokens

    9.5.1.3.1 Market Estimates & Forecast, 2017-2023

    9.5.1.3.2 Market Estimates & Forecast By Region, 2019-2023

    9.5.1.4 Asset-Based Tokens

    9.5.1.4.1 Market Estimates & Forecast, 2017-2023

    9.5.1.4.2 Market Estimates & Forecast By Region, 2019-2023

    9.5.1.5 Others

    9.5.1.5.1 Market Estimates & Forecast, 2017-2023

    9.5.1.5.2 Market Estimates & Forecast By Region, 2019-2023

    9.5.2 As Wallets

    9.5.2.1 Market Estimates & Forecast, 2017-2023

    9.5.2.2 Market Estimates & Forecast By Region, 2019-2023

    9.5.3 Cross Border Payments

    9.5.3.1 Market Estimates & Forecast, 2017-2023

    9.5.3.2 Market Estimates & Forecast By Region, 2019-2023

    9.6 Supply Chain & Logistics

    9.6.1 Inventory Management

    9.6.1.1 Market Estimates & Forecast, 2017-2023

    9.6.1.2 Market Estimates & Forecast By Region, 2019-2023

    9.6.2 Purchase Order Management

    9.6.2.1 Market Estimates & Forecast, 2017-2023

    9.6.2.2 Market Estimates & Forecast By Region, 2019-2023

    9.6.3 Validity Of Documents

    9.6.3.1 Market Estimates & Forecast, 2017-2023

    9.6.3.2 Market Estimates & Forecast By Region, 2019-2023

    10 Global Blockchain In Energy Industry Market, By Region

    10.1 Introduction

    10.2 North America

    10.2.1 Market Estimates & Forecast, 2017-2023

    10.2.2 Market Estimates & Forecast By Technology Type, 2017-2023

    10.2.3 Market Estimates & Forecast By Platform Type, 2017-2023

    10.2.4 Market Estimates & Forecast By Implementation Type, 2017-2023

    10.2.5 Market Estimates & Forecast By End-Use Industries, 2017-2023

    10.2.6 Market Estimates & Forecast By Application, 2017-2023

    10.3 U.S.

    10.3.1 Market Estimates & Forecast, 2017-2023

    10.3.2 Market Estimates & Forecast By Technology Type, 2017-2023

    10.3.3 Market Estimates & Forecast By Platform Type, 2017-2023

    10.3.4 Market Estimates & Forecast By Implementation Type, 2017-2023

    10.3.5 Market Estimates & Forecast By End-Use Industries, 2017-2023

    10.3.6 Market Estimates & Forecast By Application, 2017-2023

    10.4 Canada

    10.4.1 Market Estimates & Forecast, 2017-2023

    10.4.2 Market Estimates & Forecast By Technology Type, 2017-2023

    10.4.3 Market Estimates & Forecast By Platform Type, 2017-2023

    10.4.4 Market Estimates & Forecast By Implementation Type, 2017-2023

    10.4.5 Market Estimates & Forecast By End-Use Industries, 2017-2023

    10.4.6 Market Estimates & Forecast By Application, 2017-2023

    10.5 Europe

    10.5.1 Market Estimates & Forecast, 2017-2023

    10.5.2 Market Estimates & Forecast By Technology Type, 2017-2023

    10.5.3 Market Estimates & Forecast By Platform Type, 2017-2023

    10.5.4 Market Estimates & Forecast By Implementation Type, 2017-2023

    10.5.5 Market Estimates & Forecast By End-Use Industries, 2017-2023

    10.5.6 Market Estimates & Forecast By Application, 2017-2023

    10.6 U.K.

    10.6.1 Market Estimates & Forecast, 2017-2023

    10.6.2 Market Estimates & Forecast By Technology Type, 2017-2023

    10.6.3 Market Estimates & Forecast By Platform Type, 2017-2023

    10.6.4 Market Estimates & Forecast By Implementation Type, 2017-2023

    10.6.5 Market Estimates & Forecast By End-Use Industries, 2017-2023

    10.6.6 Market Estimates & Forecast By Application, 2017-2023

    10.7 Germany

    10.7.1 Market Estimates & Forecast, 2017-2023

    10.7.2 Market Estimates & Forecast By Technology Type, 2017-2023

    10.7.3 Market Estimates & Forecast By Platform Type, 2017-2023

    10.7.4 Market Estimates & Forecast By Implementation Type, 2017-2023

    10.7.5 Market Estimates & Forecast By End-Use Industries, 2017-2023

    10.7.6 Market Estimates & Forecast By Application, 2017-2023

    10.8 Netherlands

    10.8.1 Market Estimates & Forecast, 2017-2023

    10.8.2 Market Estimates & Forecast By Technology Type, 2017-2023

    10.8.3 Market Estimates & Forecast By Platform Type, 2017-2023

    10.8.4 Market Estimates & Forecast By Implementation Type, 2017-2023

    10.8.5 Market Estimates & Forecast By End-Use Industries, 2017-2023

    10.8.6 Market Estimates & Forecast By Application, 2017-2023

    10.9 Italy

    10.9.1 Market Estimates & Forecast, 2017-2023

    10.9.2 Market Estimates & Forecast By Technology Type, 2017-2023

    10.9.3 Market Estimates & Forecast By Platform Type, 2017-2023

    10.9.4 Market Estimates & Forecast By Implementation Type, 2017-2023

    10.9.5 Market Estimates & Forecast By End-Use Industries, 2017-2023

    10.9.6 Market Estimates & Forecast By Application, 2017-2023

    10.10 Rest Of Europe

    10.10.1 Market Estimates & Forecast, 2017-2023

    10.10.2 Market Estimates & Forecast By Technology Type, 2017-2023

    10.10.3 Market Estimates & Forecast By Platform Type, 2017-2023

    10.10.4 Market Estimates & Forecast By Implementation Type, 2017-2023

    10.10.5 Market Estimates & Forecast By End-Use Industries, 2017-2023

    10.10.6 Market Estimates & Forecast By Application, 2017-2023

    10.11 Asia Pacific

    10.11.1 Market Estimates & Forecast, 2017-2023

    10.11.2 Market Estimates & Forecast By Technology Type, 2017-2023

    10.11.3 Market Estimates & Forecast By Platform Type, 2017-2023

    10.11.4 Market Estimates & Forecast By Implementation Type, 2017-2023

    10.11.5 Market Estimates & Forecast By End-Use Industries, 2017-2023

    10.11.6 Market Estimates & Forecast By Application, 2017-2023

    10.12 China

    10.12.1 Market Estimates & Forecast, 2017-2023

    10.12.2 Market Estimates & Forecast By Technology Type, 2017-2023

    10.12.3 Market Estimates & Forecast By Platform Type, 2017-2023

    10.12.4 Market Estimates & Forecast By Implementation Type, 2017-2023

    10.12.5 Market Estimates & Forecast By End-Use Industries, 2017-2023

    10.12.6 Market Estimates & Forecast By Application, 2017-2023

    10.13 Japan

    10.13.1 Market Estimates & Forecast, 2017-2023

    10.13.2 Market Estimates & Forecast By Technology Type, 2017-2023

    10.13.3 Market Estimates & Forecast By Platform Type, 2017-2023

    10.13.4 Market Estimates & Forecast By Implementation Type, 2017-2023

    10.13.5 Market Estimates & Forecast By End-Use Industries, 2017-2023

    10.13.6 Market Estimates & Forecast By Application, 2017-2023

    10.14 Australia

    10.14.1 Market Estimates & Forecast, 2017-2023

    10.14.2 Market Estimates & Forecast By Technology Type, 2017-2023

    10.14.3 Market Estimates & Forecast By Platform Type, 2017-2023

    10.14.4 Market Estimates & Forecast By Implementation Type, 2017-2023

    10.14.5 Market Estimates & Forecast By End-Use Industries, 2017-2023

    10.14.6 Market Estimates & Forecast By Application, 2017-2023

    10.15 Rest Of Asia-Pacific

    10.15.1 Market Estimates & Forecast, 2017-2023

    10.15.2 Market Estimates & Forecast By Technology Type, 2017-2023

    10.15.3 Market Estimates & Forecast By Platform Type, 2017-2023

    10.15.4 Market Estimates & Forecast By Implementation Type, 2017-2023

    10.15.5 Market Estimates & Forecast By End-Use Industries, 2017-2023

    10.15.6 Market Estimates & Forecast By Application, 2017-2023

    10.16 Rest Of The World

    10.16.1 Market Estimates & Forecast, 2017-2023

    10.16.2 Market Estimates & Forecast By Technology Type, 2017-2023

    10.16.3 Market Estimates & Forecast By Platform Type, 2017-2023

    10.16.4 Market Estimates & Forecast By Implementation Type, 2017-2023

    10.16.5 Market Estimates & Forecast By End-Use Industries, 2017-2023

    10.16.6 Market Estimates & Forecast By Application, 2017-2023

    11 Competitive Landscape

    12 Company Profile

    12.1 Global Blockchain

    12.1.1 Company Overview

    12.1.2 Product/Services Offering

    12.1.3 Financial Overview

    12.1.4 Key Developments

    12.1.5 Strategy

    12.1.6 SWOT Analysis

    12.2 Power Ledger

    12.2.1 Company Overview

    12.2.2 Product /Services Offering

    12.2.3 Financial Overview

    12.2.4 Key Developments

    12.2.5 Strategy

    12.2.6 SWOT Analysis

    12.3 BTL Group Ltd.

    12.3.1 Company Overview

    12.3.2 Product /Services Offering

    12.3.3 Financial Overview

    12.3.4 Key Developments

    12.3.5 Strategy

    12.3.6 SWOT Analysis

    12.4 WePower UAB

    12.4.1 Company Overview

    12.4.2 Product /Services Offering

    12.4.3 Financial Overview

    12.4.4 Key Developments

    12.4.5 Strategy

    12.4.6 SWOT Analysis

    12.5 The Sun Exchange (Pty) Ltd

    12.5.1 Company Overview

    12.5.2 Product /Services Offering

    12.5.3 Financial Overview

    12.5.4 Key Developments

    12.5.5 Strategy

    12.5.6 SWOT Analysis

    12.6 Exergy

    12.6.1 Company Overview

    12.6.2 Product /Services Offering

    12.6.3 Financial Overview

    12.6.4 Key Developments

    12.6.5 Strategy

    12.6.6 SWOT Analysis

    12.7 Impact PPA

    12.7.1 Company Overview

    12.7.2 Product /Services Offering

    12.7.3 Financial Overview

    12.7.4 Key Developments

    12.7.5 Strategy

    12.7.6 SWOT Analysis

    12.8 Grid Singularity

    12.8.1 Company Overview

    12.8.2 Product /Services Offering

    12.8.3 Financial Overview

    12.8.4 Key Developments

    12.8.5 Strategy

    12.8.6 SWOT Analysis

    12.9 Grid+

    12.9.1 Company Overview

    12.9.2 Product /Services Offering

    12.9.3 Financial Overview

    12.9.4 Key Developments

    12.9.5 Strategy

    12.9.6 SWOT Analysis

    12.10 Conjoule

    12.10.1 Company Overview

    12.10.2 Product /Services Offering

    12.10.3 Financial Overview

    12.10.4 Key Developments

    12.10.5 Strategy

    12.11 Electron (Chaddenwych Services Limited)

    12.11.1 Company Overview

    12.11.2 Product /Services Offering

    12.11.3 Financial Overview

    12.11.4 Key Developments

    12.11.5 Strategy

    12.11.6 SWOT Analysis

    12.12 PONTON GmbH

    12.12.1 Company Overview

    12.12.2 Product /Services Offering

    12.12.3 Financial Overview

    12.12.4 Key Developments

    12.12.5 Strategy

    12.12.6 SWOT Analysis

    12.13 Stedin Group

    12.13.1 Company Overview

    12.13.2 Product /Services Offering

    12.13.3 Financial Overview

    12.13.4 Key Developments

    12.13.5 Strategy

    12.13.6 SWOT Analysis

    12.14 OURSOLARGRID (ITP Innovative Technology Projects GmbH)

    12.14.1 Company Overview

    12.14.2 Product /Services Offering

    12.14.3 Financial Overview

    12.14.4 Key Developments

    12.14.5 Strategy

    12.14.6 SWOT Analysis

    12.15 Omega Grid

    12.15.1 Company Overview

    12.15.2 Product /Services Offering

    12.15.3 Financial Overview

    12.15.4 Key Developments

    12.15.5 Strategy

    12.15.6 SWOT Analysis

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