Market research Future Blockchain in energy industry_PDF | Page 2

Blockchain in energy industry market Research Report- Forecast to 2023
1 Summary
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.
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.
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.
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