According to TechSci Research, United States blockchain in energy market is expected to grow at a steady rate during the forecast period. Blockchain, also known as distributed ledger technology (DLT), is a cost effective and efficient technology used to facilitate distributed transactions by removing the central management. Blockchain has the potential to improve efficiencies for utility providers by tracking the chain of custody for grid materials. It also acts as a catalyst for business models and is useful in managing the growing ownership, complexity and data security of the energy sector.
Increasing focus towards energy utilities in exploring the benefits of the blockchain technology for low-carbon transition and sustainability are the major factors driving the United States blockchain in energy market. Additionally, the high potential of this technology to bring reliability & efficiency to the value chain of various end user industries such as oil & gas, power, among others is further anticipated to propel the market during forecast period. Moreover, increasing emphasis by the government towards improving energy efficiency, privacy, interoperability and cybersecurity is anticipated to project the market during forecast period.
The United States blockchain in energy market is segmented based on type, component, application, end user industry, company and region. Based on type, the market can be bifurcated into private and public. The public blockchain segment is expected to dominate the market through 2027 owing to its higher accessibility, capability to increase platform awareness and open structure. Based on end user, the market can be divided into oil & gas and power. The power industry is expected to dominate the market attributable to the lower transaction cost and improved network transparency.
Major players operating in the United blockchain in energy market include Microsoft Corporation, International Business Machines Corporation, Infosys Limited, Accenture, SAP, LO3 Energy Inc., Greeneum Smart Energy Platform Ltd, Drift Marketplace, Inc., IOTA Foundation, ImpactPPA and others. The companies are developing advanced technologies in order to stay competitive in the market.
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Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the region. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the region.
TechSci Research calculated the market size of United States blockchain in energy market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
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Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Type · Component · End User · Application |
| Regional scope | Northeast Region, South Region, West Region, Mid-west Region |
| Key companies profiled | Microsoft Corporation, International Business Machines Corporation, Infosys Limited, Accenture, SAP, LO3 Energy Inc., Greeneum Smart Energy Platform Ltd, Drift Marketplace, Inc., IOTA Foundation, ImpactPPA |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, United States blockchain in energy market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
o Energy Trading
o Grid Management
o Payment Schemes
o Supply Chain Management
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in United States blockchain in energy market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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