Market research Future Blockchain in Energy Market Expected CAGR 29%. | Page 2

Blockchain in energy market Research Report- Forecast to 2023
1 Summary: -
With increasing start-ups and energy major collaboration and investment in the blockchain technology, the
market is expected to witness a significant growth during the coming years. This increased collaboration
has the potential to completely transform the energy industry. For example, blockchain technology offers
power companies easier and more accurate way of streamlining the way the power industry operates. Pilot
studies and small-scale implementation are increasingly focused around the peer-to-peer energy trading
with special focus on microgrids and solar systems. The major hurdle for the blockchain implementation
in energy sector is expected to be the uncertainty in regulatory policies and their integration with the
existing systems of operation.
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.
2 Market Overview: -
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