Exploring Blockchain in Energy Trading Market Opportunity

MarkNtel Advisors, a leading market research firm, has showed its latest study titled “Blockchain in Energy Trading Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.

The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.

Analysis and Insights into the Blockchain in Energy Trading Market: 2023-2028

The Blockchain in Energy Trading Market is expected to grow at a CAGR of around 25.55% during the forecast period, i.e., 2023-28.

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What are the primary factors driving the growth of the Blockchain in Energy Trading market?

Global Blockchain in Energy Trading Market Driver: Rapid Growth of Renewable Energy Sources to Escalate the Market

The surging growth of renewable sources across the globe is accelerating the Energy Trading Market. Renewable energy sources, such as solar & wind power, are becoming more affordable & reliable owing to increasing government policies & incentives, technological advancement, financial investment from private & institutional investors, etc. According to the IRENA, in 2022, costs for renewables continued to fall in 2021, electricity from wind fell by around 15%, offshore wind by about 13%, and solar photovoltaics (PV) by 13% compared to 2020. As solar & wind become more prevalent, households & businesses are increasingly becoming prosumers, generating their electricity & sometimes producing excess energy that could be shared with others.

Consequently, blockchain technology could facilitate this energy exchange through decentralized & transparent peer-to-peer (P2P) transactions, creating Local Energy Markets. By enabling real-time matching of energy supply & demand blockchain, energy trading optimizes grid stability & fosters a more resilient & decentralized energy ecosystem.

Smart contracts on the blockchain ensure fair compensation for prosumers & streamline energy transactions without intermediaries. As renewable energy continues to grow, the blockchain energy trading market is poised to expand, bringing about a more sustainable & efficient energy future.

Blockchain in Energy Trading Market Segmentation:

The Blockchain in Energy Trading market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.

By Type

-Public

-Private

By Application

-Peer to Peer Energy Trading

-Regulation and Compliance Management

-Commodity Trading

-Electricity Data Management

-Grid Management

• Peer-to-Peer Energy (P2P) trading is gaining notable momentum across developed economies due to the ability of consumers to buy & sell excess energy within their community.

By End User

-Power Utilities

-Oil and Gas

-Residential Communities

-Commercial & Industrial

Geographical Analysis into the Blockchain in Energy Trading Market:

• North America: US, Canada, Mexico
• Europe: Germany, The UK, France, Spain, Italy, The Netherlands
• Rest of Europe
• Asia-Pacific: China, India, Japan, South Korea, Southeast Asia, Rest of Asia-Pacific
• South America: Brazil, Rest of South America
• Middle East & Africa: GCC, South Africa, Rest of MEA

Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/blockchain-in-energy-trading-market.html                                     

Competitive Landscape and Blockchain in Energy Trading Market Share Analysis:

The competitive landscape of the Blockchain in Energy Trading market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.

The report features major players including:

Power Ledger, SunContract, Wepower, Restart Energy, Electron, Mission Innovation, Blockchain Tech LTD, Enosi, Grid Singularity, LO3 Energy, Others

Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

Questions Addressed in this Study

• What factors are driving the Blockchain in Energy Trading Market growth?
• How is the Blockchain in Energy Trading Market expected to grow over the next five years?
• What are the key insights into the current trends in the Blockchain in Energy Trading Market?
• What is the current size of the Blockchain in Energy Trading Market, and how is it projected to change in the future?
• What is the future outlook for the Blockchain in Energy Trading Market in terms of technological advancements and market expansion?

Why choose MarkNtel?

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

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