Dynamic 25.55% CAGR Charts Blockchain in Energy Trading Market’s Future in 2023-28

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Blockchain in Energy Trading Market

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The latest report by MarkNtel Advisors, titled “Blockchain in Energy Trading Market Report By Type (Public, Private), By Application (Peer to Peer Energy Trading, Regulation and Compliance Management, Commodity Trading, Electricity Data Management, Grid Management), By End User (Power Utilities, Oil and Gas, Residential Communities, Commercial & Industrial), other and Region 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the Blockchain in Energy Trading Market research report.

What is the market outlook for Blockchain in Energy Trading?

The Blockchain in Energy Trading Market size is estimated to grow at a CAGR of around 25.55% during the forecast period 2023–28.

For an in-depth analysis, you can request a sample copy of the report: https://www.marknteladvisors.com/query/request-sample/blockchain-in-energy-trading-market.html                              

Major Companies Operating in the Blockchain in Energy Trading Industry:

Power Ledger, SunContract, Wepower, Restart Energy, Electron, Mission Innovation, Blockchain Tech LTD, Enosi, Grid Singularity, LO3 Energy, Others

Blockchain in Energy Trading Market Report Segmentation:

By Type

-Public

-Private

By Application

-Peer to Peer Energy Trading

-Regulation and Compliance Management

-Commodity Trading

-Electricity Data Management

-Grid Management

  • Peer-to-Peer Energy (P2P) trading is gaining notable momentum across developed economies due to the ability of consumers to buy & sell excess energy within their community.

By End User

-Power Utilities

-Oil and Gas

-Residential Communities

-Commercial & Industrial

Learn More About the Market Report –  https://www.marknteladvisors.com/research-library/blockchain-in-energy-trading-market.html                                

Regional Insights:

  • North America: US, Canada, Mexico
  • Europe: Germany, The UK, France, Spain, Italy, The Netherlands
  • Rest of Europe
  • Asia-Pacific: China, India, Japan, South Korea, Southeast Asia, Rest of Asia-Pacific
  • South America: Brazil, Rest of South America
  • Middle East & Africa: GCC, South Africa, Rest of MEA

Global Blockchain in Energy Trading Market Driver: Rapid Growth of Renewable Energy Sources to Escalate the Market

The surging growth of renewable sources across the globe is accelerating the Energy Trading Market. Renewable energy sources, such as solar & wind power, are becoming more affordable & reliable owing to increasing government policies & incentives, technological advancement, financial investment from private & institutional investors, etc. According to the IRENA, in 2022, costs for renewables continued to fall in 2021, electricity from wind fell by around 15%, offshore wind by about 13%, and solar photovoltaics (PV) by 13% compared to 2020. As solar & wind become more prevalent, households & businesses are increasingly becoming prosumers, generating their electricity & sometimes producing excess energy that could be shared with others.

Consequently, blockchain technology could facilitate this energy exchange through decentralized & transparent peer-to-peer (P2P) transactions, creating Local Energy Markets. By enabling real-time matching of energy supply & demand blockchain, energy trading optimizes grid stability & fosters a more resilient & decentralized energy ecosystem.

Smart contracts on the blockchain ensure fair compensation for prosumers & streamline energy transactions without intermediaries. As renewable energy continues to grow, the blockchain energy trading market is poised to expand, bringing about a more sustainable & efficient energy future.

Ask Analyst for Customization: https://www.marknteladvisors.com/query/request-customization/blockchain-in-energy-trading-market.html                                  

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About UsMarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Reach us:

Call: +1 628 895 8081, +91 120 4278433

Email: sales@marknteladvisors.com

Visit to know more:  www.marknteladvisors.com

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