Feb 19, 2019   SOURCE: BusinessWire

Blockchain in Energy Utilities: Global Market Outlook, 2019-2024 - The Growth of Cloud Computing Technology Presents Opportunities - ResearchAndMarkets.com

The "Blockchain in Energy Utilities Market" report has been added to ResearchAndMarkets.com's offering.

The global blockchain in energy utilities market is estimated to be $210.4 million in 2018 and is expected to reach $3,460.4 million by 2024, growing at a CAGR of 59.4% during the forecast period 2018-2024.

The distributed energy and peer-to-peer electricity sales are some of the major factors which are expected to drive the market growth in the next 5-6 years. Due to the increasing automation in energy utilities, organizations are making real-time changes to the infrastructure that will help them to convert into blockchain-powered software and reduce TCO. Blockchain-powered solutions also help the energy utilities in improving their overall productivity.

Segmentation Analysis

The study covers and analyzes global blockchain in energy utilities market by components, by services, by applications, by industry verticals, and regions. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenarios, government initiatives, and technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and make informed decisions.

The regions covered includes North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The revenue is generated mainly from North America, Europe, and Asia Pacific. North America is leading the market followed by Europe with Asia Pacific emerging in blockchain in energy utilities market.

The report contains an in-depth analysis of the vendor profiles, which includes financial health, business units, key business priorities, SWOT, strategy, and views. The key and prominent vendors covered in the report include SAP SE, IBM Corporation, Microsoft Corporation, Infosys Limited, and HCL Technologies Limited among various others. The vendors have been identified based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D.

Topics Covered

1 Executive Summary

1.1 High Dominance and High Growth Markets in Blockchain in Energy Utilities

2 Industry Outlook

2.1 Industry Snapshot

2.1.1 Industry Trends

3 Market Snapshot

3.1 Total Addressable Market

3.2 Segment Addressable Market

3.2.1 PEST Analysis

3.2.2 Porter's Five Force Analysis

3.3 Related Markets

4 Market Characteristics

4.1 Market Overview

4.2 Market Development and Technological Impact

4.3 Market Segmentation

4.4 Market Dynamics

4.4.1 Drivers

4.4.1.1 Peer-to-Peer energy trading

4.4.1.2 Increasing infrastructure flexibility

4.4.1.3 Increasing business performance and capacity

4.4.2 Restraints

4.4.2.1 Complexity in migration to blockchain technologies

4.4.2.2 Security concerns

4.4.2.3 Lack of awareness

4.4.2.4 Managing traditional networks

4.4.3 Opportunities

4.4.3.1 Growth of cloud computing technology

4.4.3.2 Software as a core strategy

4.4.3.3 Development of smart cities

4.4.3.4 Emerging economies

4.4.4 DRO - Impact Analysis

4.4.5 Key Stakeholders

5 Blockchain in Energy Utilities Market, By Component

5.1 Overview

5.2 Platform

5.3 Services

6 Blockchain in Energy Utilities Market, By Services

6.1 Overview

6.2 Consulting & Advisory Services

6.3 Development & Integration Services

6.4 Testing Services

6.5 Other Services

7 Blockchain in Energy Utilities Market, By Application

7.1 Overview

7.2 Grid Management

7.3 Energy Trading

7.4 Payment Schemes

7.5 Supply Chain and Logistics

7.6 Other Applications

8 Blockchain in Energy & Utilities Market, By Vertical

8.1 Overview

8.2 Power Sector

8.3 Oil & Gas Sector

9 Blockchain in Energy Utilities Market, By Geography

9.1 Overview

9.2 North America

9.3 Europe

9.4 Asia Pacific

9.5 LAMEA

10 Vendor Profiles

10.1 SAP SE

10.2 IBM Corporation

10.3 Microsoft

10.4 Infosys Limited

10.5 HCL Technologies Limited

11 Companies to Watch for

11.1 Power Ledger Pty. Ltd.

11.2 Grid+

11.3 LO3 Energy

11.4 WePower Network

For more information about this report visit https://www.researchandmarkets.com/research/wtwpq9/blockchain_in?w=4