Blockchain in Energy Utilities Market

  • Product Code:
  • Published Date:
    Mar 2019
  • Region:
  • Pages:
  • Category:
    Energy & Power
  • Publisher:
    Infoholic Research
Global Blockchain in Energy Utilities Market: Drivers, Restraints, Opportunities, Trends, and Forecast up to 2024
Blockchain supports energy trading across a wide range of commodity markets including crude oil, refined products, natural gas, and electric power. Within each business segment blockchain-powered solution can be deployed that produce, refine, distribute, and retail trade information related to pricing, position management, logistics, and risk reporting. Furthermore, power utilities can optimize the generation, distribution, and consumption of electricity through blockchain technologies. The development of specially designed blockchain solutions for electricity grids and new players such as decentralized producers of renewable energies are regularly generating large amounts of data that energy companies need to address. New users of electricity such as electric vehicles, connected houses, and new communicating equipment’s such as smart meters, sensors, and remote-control devices, are also causing a surge of data that the energy companies will have to capture, and examine in order to make informed decisions. Blockchain technologies offer suitable solutions for power utilities to achieve greater reliability, efficiency, and flexibility, and to preserve the balance between consumption and production in a rapidly changing energy landscape.
In addition, there is a lack of industry standards, which is still in the development phase. In the digitally connected world, the blockchain in energy utilities market has reported a significant growth and is presenting ample opportunities for the industry players. The blockchain solutions and services are used by organizations of all sizes (small, medium, and large) across power sector and oil & gas sector.
Market Analysis:
According to Infoholic Research, 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.

Market 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.
Regions and Vendors Analysis:
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.
The report encompasses the study of blockchain in energy utilities market by components such as blockchain platform and services; by services such as consulting & advisory services, development & integration services, testing services, and others (support & maintenance); by applications such as grid management, energy trading, payment schemes, supply chain and logistics, and others. The blockchain-based innovation has received a lot of traction in the last three years. Blockchain innovation has a broad scope of use in energy and utilities. For instance, blockchain can assist users with making payment with cryptocurrency, to check exchanges, to close computerized contracts, to execute exchanges, among other applications. The evolution of technologies such as cloud computing, cognitive computing, and machine learning are paving the way for growth of blockchain in energy utilities. Furthermore, the report provides details about the major challenges impacting the market growth.
Table of Contents
1 Executive Summary 9
1.1 High Dominance and High Growth Markets in Blockchain in Energy Utilities 10
2 Industry Outlook 12
2.1 Industry Snapshot 12
2.1.1 Industry Trends 12
3 Market Snapshot 13
3.1 Total Addressable Market 13
3.2 Segment Addressable Market 13
3.2.1 PEST Analysis 14
3.2.2 Porter’s Five Force Analysis 14
3.3 Related Markets 15
4 Market Characteristics 17
4.1 Market Overview 17
4.2 Market Development and Technological Impact 17
4.3 Market Segmentation 18
4.4 Market Dynamics 19
4.4.1 Drivers 19 Peer-to-Peer energy trading 19 Increasing infrastructure flexibility 20 Increasing business performance and capacity 20
4.4.2 Restraints 20 Complexity in migration to blockchain technologies 20 Security concerns 20 Lack of awareness 20 Managing traditional networks 21
4.4.3 Opportunities 21 Growth of cloud computing technology 21 Software as a core strategy 21 Development of smart cities 21 Emerging economies 22
4.4.4 DRO – Impact Analysis 23
4.4.5 Key Stakeholders 24
5 Blockchain in Energy Utilities Market, By Component 25
5.1 Overview 25
5.2 Platform 26
5.3 Services 27
6 Blockchain in Energy Utilities Market, By Services 28
6.1 Overview 28
6.2 Consulting & Advisory Services 29
6.3 Development & Integration Services 30
6.4 Testing Services 32
6.5 Other Services 33
7 Blockchain in Energy Utilities Market, By Application 35
7.1 Overview 35
7.2 Grid Management 36
7.3 Energy Trading 38
7.4 Payment Schemes 39
7.5 Supply Chain and Logistics 40
7.6 Other Applications 41
8 Blockchain in Energy & Utilities Market, By Vertical 43
8.1 Overview 43
8.2 Power Sector 44
8.3 Oil & Gas Sector 45
9 Blockchain in Energy Utilities Market, By Geography 47
9.1 Overview 47
9.2 North America 48
9.2.1 DRO for North America 48
9.3 Europe 52
9.3.1 DRO for Europe 52
9.4 Asia Pacific 56
9.4.1 DRO for Asia Pacific 56
9.5 LAMEA 60
9.5.1 DRO for LAMEA 61
10 Vendor Profiles 64
10.1 SAP SE 64
10.1.1 Overview 64
10.1.2 Business Units 65
10.1.3 Business Focus 65
10.1.4 SWOT Analysis 66
10.1.5 Business Strategies 66
10.2 IBM Corporation 68
10.2.1 Overview 68
10.2.2 Business Units 69
10.2.3 Geographic Revenue 69
10.2.4 Business Focus 70
10.2.5 SWOT Analysis 70
10.2.6 Business Strategies 71
10.3 Microsoft 73
10.3.1 Overview 73
10.3.2 Business Units 73
10.3.3 Geographic Revenue 74
10.3.4 Business Focus 75
10.3.5 SWOT Analysis 75
10.3.6 Business Strategies 76
10.4 Infosys Limited 77
10.4.1 Overview 77
10.4.2 Geographic Revenue 77
10.4.3 Business Focus 78
10.4.4 SWOT Analysis 78
10.4.5 Business Strategies 79
10.5 HCL Technologies Limited 80
10.5.1 Overview 80
10.5.2 Business Units 81
10.5.3 Geographic Revenue 82
10.5.4 Business Focus 83
10.5.5 SWOT Analysis 83
10.5.6 Business Strategies 84
11 Companies to Watch for 86
11.1 Power Ledger Pty Ltd 86
11.1.1 Overview 86
11.1.2 Market Exposure/Differentiating Factor 86
11.2 Grid+ 87
11.2.1 Overview 87
11.2.2 Market Exposure/Differentiating Factor 87
11.3 LO3 Energy 88
11.3.1 Overview 88
11.3.2 Market Exposure/Differentiating Factor 88
11.4 WePower Network 89
11.4.1 Overview 89
11.4.2 Market Exposure/Differentiating Factor 89
11.5 WePower Network 90
11.5.1 Overview 90
11.5.2 Market Exposure/Differentiating Factor 90
12 Annexure 91
12.1 Report Scope 91
12.2 Research Methodology 91
12.2.1 Data Collation & In-house Estimation 91
12.2.2 Market Triangulation 92
12.2.3 Forecasting 93
12.3 Study Declarations 94
12.4 Report Assumptions 94
12.5 Abbreviations 95

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SAP SE, IBM Corporation, Microsoft Corporation, Infosys Limited, and HCL Technologies Limited among various others
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