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Blockchain in Energy Utilities Market

January 2019 | 95 pages | ID: B933A21D852EN
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Global Blockchain in Energy Utilities Market: Drivers, Restraints, Opportunities, Trends, and Forecast up to 2024

OVERVIEW:

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.

BENEFITS:

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.
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
  9.2.1 DRO for North America
9.3 Europe
  9.3.1 DRO for Europe
9.4 Asia Pacific
  9.4.1 DRO for Asia Pacific
9.5 LAMEA
  9.5.1 DRO for LAMEA

10 VENDOR PROFILES

10.1 SAP SE
  10.1.1 Overview
  10.1.2 Business Units
  10.1.3 Business Focus
  10.1.4 SWOT Analysis
  10.1.5 Business Strategies
10.2 IBM Corporation
  10.2.1 Overview
  10.2.2 Business Units
  10.2.3 Geographic Revenue
  10.2.4 Business Focus
  10.2.5 SWOT Analysis
  10.2.6 Business Strategies
10.3 Microsoft
  10.3.1 Overview
  10.3.2 Business Units
  10.3.3 Geographic Revenue
  10.3.4 Business Focus
  10.3.5 SWOT Analysis
  10.3.6 Business Strategies
10.4 Infosys Limited
  10.4.1 Overview
  10.4.2 Geographic Revenue
  10.4.3 Business Focus
  10.4.4 SWOT Analysis
  10.4.5 Business Strategies
10.5 HCL Technologies Limited
  10.5.1 Overview
  10.5.2 Business Units
  10.5.3 Geographic Revenue
  10.5.4 Business Focus
  10.5.5 SWOT Analysis
  10.5.6 Business Strategies

11 COMPANIES TO WATCH FOR

11.1 Power Ledger Pty Ltd
  11.1.1 Overview
  11.1.2 Market Exposure/Differentiating Factor
11.2 Grid+
  11.2.1 Overview
  11.2.2 Market Exposure/Differentiating Factor
11.3 LO3 Energy
  11.3.1 Overview
  11.3.2 Market Exposure/Differentiating Factor
11.4 WePower Network
  11.4.1 Overview
  11.4.2 Market Exposure/Differentiating Factor
11.5 WePower Network
  11.5.1 Overview
  11.5.2 Market Exposure/Differentiating Factor

12 ANNEXURE

12.1 Report Scope
12.2 Research Methodology
  12.2.1 Data Collation & In-house Estimation
  12.2.2 Market Triangulation
  12.2.3 Forecasting
12.3 Study Declarations
12.4 Report Assumptions
12.5 Abbreviations

LIST OF TABLES

TABLE 1 GLOBAL BLOCKCHAIN IN ENERGY UTILITIES MARKET VALUE, BY COMPONENT, 2018–2024 ($MILLION)
TABLE 2 GLOBAL BLOCKCHAIN SERVICES MARKET REVENUE, BY SERVICES TYPES, 2018–2024 ($MILLION)
TABLE 3 GLOBAL CONSULTING & ADVISORY SERVICES MARKET REVENUE, BY GEOGRAPHY, 2018–2024 ($MILLION)
TABLE 4 GLOBAL DEVELOPMENT & INTEGRATION SERVICES MARKET REVENUE, BY GEOGRAPHY, 2018–2024 ($MILLION)
TABLE 5 GLOBAL TESTING SERVICES MARKET REVENUE, BY GEOGRAPHY, 2018–2024 ($MILLION)
TABLE 6 GLOBAL OTHERS (SUPPORT & MAINTENANCE) SERVICES MARKET REVENUE, BY GEOGRAPHY, 2018–2024 ($MILLION)
TABLE 7 GLOBAL BLOCKCHAIN IN ENERGY & UTILITIES MARKET REVENUE, BY APPLICATION, 2018–2024 ($MILLION)
TABLE 8 GLOBAL GRID MANAGEMENT MARKET REVENUE, BY GEOGRAPHY, 2018–2024 ($MILLION)
TABLE 9 GLOBAL ENERGY TRADING MARKET REVENUE, BY GEOGRAPHY, 2018–2024 ($MILLION)
TABLE 10 GLOBAL PAYMENT SCHEMES MARKET REVENUE, BY GEOGRAPHY, 2018–2024 ($MILLION)
TABLE 11 GLOBAL SUPPLY CHAIN AND LOGISTICS MARKET REVENUE, BY GEOGRAPHY, 2018–2024 ($MILLION)
TABLE 12 GLOBAL OTHER APPLICATIONS MARKET REVENUE, BY GEOGRAPHY, 2018–2024 ($MILLION)
TABLE 13 GLOBAL BLOCKCHAIN SERVICES MARKET REVENUE, BY VERTICAL TYPE, 2018–2024 ($MILLION)
TABLE 14 GLOBAL POWER SECTOR MARKET REVENUE, BY GEOGRAPHY, 2018–2024 ($MILLION)
TABLE 15 GLOBAL OIL & GAS SECTOR MARKET REVENUE, BY GEOGRAPHY, 2018–2024 ($MILLION)
TABLE 16 GLOBAL BLOCKCHAIN IN ENERGY UTILITIES MARKET REVENUE, BY GEOGRAPHY, 2018–2024 ($MILLION)
TABLE 17 DRO FOR NORTH AMERICA
TABLE 18 BLOCKCHAIN IN ENERGY UTILITIES MARKET REVENUE IN NORTH AMERICA BY COMPONENT, 2018–2024 ($MILLION)
TABLE 19 BLOCKCHAIN IN ENERGY UTILITIES MARKET REVENUE IN NORTH AMERICA BY SERVICES, 2018–2024 ($MILLION)
TABLE 20 BLOCKCHAIN IN ENERGY UTILITIES MARKET REVENUE IN NORTH AMERICA BY APPLICATIONS, 2018–2024 ($MILLION)
TABLE 21 BLOCKCHAIN IN ENERGY UTILITIES MARKET REVENUE IN NORTH AMERICA BY VERTICALS, 2018–2024 ($MILLION)
TABLE 22 DRO FOR EUROPE
TABLE 23 BLOCKCHAIN IN ENERGY UTILITIES MARKET REVENUE IN EUROPE BY COMPONENT, 2018–2024 ($MILLION)
TABLE 24 BLOCKCHAIN IN ENERGY UTILITIES MARKET REVENUE IN EUROPE BY SERVICES, 2018–2024 ($MILLION)
TABLE 25 BLOCKCHAIN IN ENERGY UTILITIES MARKET REVENUE IN EUROPE BY APPLICATIONS, 2018–2024 ($MILLION)
TABLE 26 BLOCKCHAIN IN ENERGY UTILITIES MARKET REVENUE IN EUROPE BY VERTICALS, 2018–2024 ($MILLION)
TABLE 27 DRO FOR ASIA-PACIFIC
TABLE 28 BLOCKCHAIN IN ENERGY UTILITIES MARKET REVENUE IN ASIA-PACIFIC BY COMPONENT, 2018–2024 ($MILLION)
TABLE 29 BLOCKCHAIN IN ENERGY UTILITIES MARKET REVENUE IN ASIA-PACIFIC BY SERVICES, 2018–2024 ($MILLION)
TABLE 30 BLOCKCHAIN IN ENERGY UTILITIES MARKET REVENUE IN ASIA-PACIFIC BY APPLICATIONS, 2018–2024 ($MILLION)
TABLE 31 BLOCKCHAIN IN ENERGY UTILITIES MARKET REVENUE IN ASIA-PACIFIC BY VERTICALS, 2018–2024 ($MILLION)
TABLE 32 DRO FOR LAMEA
TABLE 33 BLOCKCHAIN IN ENERGY UTILITIES MARKET REVENUE IN LAMEA BY COMPONENT, 2018–2024 ($MILLION)
TABLE 34 BLOCKCHAIN IN ENERGY UTILITIES MARKET REVENUE IN LAMEA BY SERVICES, 2018–2024 ($MILLION)
TABLE 35 BLOCKCHAIN IN ENERGY UTILITIES MARKET REVENUE IN LAMEA BY APPLICATIONS, 2018–2024 ($MILLION)
TABLE 36 BLOCKCHAIN IN ENERGY UTILITIES MARKET REVENUE IN LAMEA, BY VERTICALS, 2018–2024 ($MILLION)
TABLE 37 SAP SE: OVERVIEW SNAPSHOT
TABLE 38 SAP SE: BUSINESS UNITS
TABLE 39 SAP SE: SWOT ANALYSIS
TABLE 40 IBM CORPORATION: OVERVIEW SNAPSHOT
TABLE 41 IBM CORPORATION: BUSINESS UNITS
TABLE 42 IBM CORPORATION: GEOGRAPHIC REVENUE
TABLE 43 IBM CORPORATION: SWOT ANALYSIS
TABLE 44 MICROSOFT: OVERVIEW SNAPSHOT
TABLE 45 MICROSOFT: BUSINESS UNITS
TABLE 46 MICROSOFT: GEOGRAPHIC REVENUE
TABLE 47 MICROSOFT: SWOT ANALYSIS
TABLE 48 INFOSYS LIMITED: OVERVIEW SNAPSHOT
TABLE 49 INFOSYS LIMITED: GEOGRAPHIC REVENUE
TABLE 50 INFOSYS LIMITED: SWOT ANALYSIS
TABLE 51 HCL TECHNOLOGIES LIMITED: OVERVIEW SNAPSHOT
TABLE 52 HCL TECHNOLOGIES LIMITED: BUSINESS UNITS
TABLE 53 HCL TECHNOLOGIES LIMITED: GEOGRAPHIC REVENUE
TABLE 54 HCL TECHNOLOGIES LIMITED: SWOT ANALYSIS
TABLE 55 RESEARCH METHODOLOGY OF GLOBAL BLOCKCHAIN IN ENERGY UTILITIES MARKET: DATA COLLATION
TABLE 56 RESEARCH METHODOLOGY OF GLOBAL BLOCKCHAIN IN ENERGY UTILITIES MARKET: TRIANGULATION
TABLE 57 RESEARCH METHODOLOGY OF GLOBAL BLOCKCHAIN IN ENERGY UTILITIES MARKET: FORECASTING

LIST OF FIGURES

CHART 1 PROPOSED BLOCKCHAIN ENABLED ENERGY TRADING PLATFORM
CHART 2 HIGH DOMINANCE AND HIGH GROWTH MARKETS, 2018 & 2024
CHART 3 GLOBAL BLOCKCHAIN IN ENERGY MARKET REVENUE, 2018–2024 ($MILLION)
CHART 4 PEST ANALYSIS: BLOCKCHAIN IN ENERGY UTILITIES MARKET
CHART 5 PORTER’S 5 FORCE ANALYSIS: BLOCKCHAIN IN ENERGY UTILITIES MARKET
CHART 6 MARKET SEGMENTATION: BLOCKCHAIN IN ENERGY UTILITIES
CHART 7 MARKET DYNAMICS – DRIVERS, RESTRAINTS & OPPORTUNITIES
CHART 8 DRO – IMPACT ANALYSIS: BLOCKCHAIN IN ENERGY UTILITIES MARKET
CHART 9 BLOCKCHAIN IN ENERGY UTILITIES MARKET BY COMPONENTS, 2018 AND 2024
CHART 10 BLOCKCHAIN PLATFORM MARKET VALUE, 2018–2023 ($MILLION)
CHART 11 GLOBAL BLOCKCHAIN SERVICES MARKET VALUE, 2018–2024 ($MILLION)
CHART 12 BLOCKCHAIN IN ENERGY UTILITIES MARKET BY SERVICES, 2018 AND 2024
CHART 13 GLOBAL CONSULTING & ADVISORY SERVICES MARKET REVENUE, 2018–2024 ($MILLION)
CHART 14 GLOBAL DEVELOPMENT & INTEGRATION SERVICES MARKET REVENUE, 2018–2024 ($MILLION)
CHART 15 GLOBAL TESTING SERVICES MARKET REVENUE, 2018–2024 ($MILLION)
CHART 16 GLOBAL OTHERS (SUPPORT & MAINTENANCE) SERVICES MARKET REVENUE, 2018–2024 ($MILLION)
CHART 17 BLOCKCHAIN IN ENERGY UTILITIES MARKET BY APPLICATIONS, 2018 AND 2024
CHART 18 GLOBAL GRID MANAGEMENT MARKET REVENUE, 2018–2024 ($MILLION)
CHART 19 GLOBAL ENERGY TRADING MARKET REVENUE, 2018–2024 ($MILLION)
CHART 20 GLOBAL PAYMENT SCHEMES MARKET REVENUE, 2018–2024 ($MILLION)
CHART 21 GLOBAL SUPPLY CHAIN AND LOGISTICS MARKET REVENUE, 2018–2024 ($MILLION)
CHART 22 GLOBAL OTHER APPLICATIONS MARKET REVENUE, 2018–2024 ($MILLION)
CHART 23 BLOCKCHAIN IN ENERGY UTILITIES MARKET SHARE BY VERTICALS, 2018 AND 2024
CHART 24 GLOBAL POWER SECTOR MARKET REVENUE, 2018–2024 ($MILLION)
CHART 25 GLOBAL OIL & GAS SECTOR MARKET REVENUE, 2018–2024 ($MILLION)
CHART 26 BLOCKCHAIN IN ENERGY UTILITIES MARKET SHARE BY REGIONS, 2018 AND 2024
CHART 27 BLOCKCHAIN IN ENERGY UTILITIES MARKET REVENUE IN NORTH AMERICA, 2018–2024 ($MILLION)
CHART 28 BLOCKCHAIN IN ENERGY UTILITIES MARKET REVENUE IN EUROPE, 2018–2024 ($MILLION)
CHART 29 BLOCKCHAIN IN ENERGY UTILITIES MARKET REVENUE IN ASIA-PACIFIC, 2018–2024 ($MILLION)
CHART 30 BLOCKCHAIN IN ENERGY UTILITIES MARKET REVENUE IN LAMEA, 2018–2024 ($MILLION)


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