According to the recent research report titled ‘Blockchain in Energy Market Size By Category (Private, Public), By Application (Power {Grid Transactions, Peer-To-Peer, Energy Financing, Sustainability Attribution, Electric Vehicle Charging, Others}, Oil & Gas {Supply Chain, Operations, Trading, Security}), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, Netherlands, France, Spain, China, Japan, Singapore, Australia, New Zealand, Saudi Arabia, UAE, Bahrain, Israel, South Africa, Nigeria, Brazil, Chile), Application Potential, Competitive Market Share & Forecast, 2019- 2025’ available with MarketStudyReport, global blockchain in energy market is projected to reach over USD 3 billion by 2025.

The major factors influencing the global blockchain in energy market growth are the widespread usage of power grids, growing demand for renewable energy resources, focus towards fulfilling the gap in energy demand and supply, increasing utilization of energy-saving systems, and technological advancements.

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The marketplace is segmented on the basis of category type, application reach, and regional analysis. The category segment is further split into public and private segments of which the latter is expected to register 45% CAGR through the analysis period, on the back of stringent rules of security to cut the downtime and growing adoption of advanced technologies.

In terms of the applications spectrum, the market is divided into power and oil & gas. The power segment is further bifurcated into peer-to-peer, grid transactions, sustainability attribution, energy financing, electric vehicle charging, and others.

Meanwhile, the oil & gas segment is categorized into operations, trading, security services, and supply chain management. The oil & gas segment is poised to show substantial growth during the estimated timeframe, primarily due to rising concerns to enhance trading accuracy and focus towards maintaining technical efficiency by improving accessibility to trade data.

Moving forward the regional analysis, global blockchain in energy industry spans across North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. Europe market is predicted to witness considerable growth in the ensuing years, predominately due to high investments done for the adoption of blockchain technology and favorable initiative to explore the R&D activities for blockchain in energy enhancement.

The key players operating in global blockchain in energy business sphere are Grid Singularity, Power Ledger Pvt. Ltd., Oracle Corp., Infosys Limited, Accenture plc, Greeneum, Drift Labs, WePower, LO3 Energy Inc., Electron, GridPlus Inc., SAP SE, Sun Exchange Inc., EnergiMine Ltd., and Conjoule GmbH.