Asia Pacific Blockchain In Energy Market

Asia Pacific Blockchain In Energy Market Size, Share & Trends Analysis Report By Component, By Type, By End-use, By Application (Peer-To-Peer Transaction, Grid Transactions, Energy Financing, Sustainability Attribution, and Others), By Country and Growth Forecast, 2023 - 2030

Report Id: KBV-19928 Publication Date: February-2024 Number of Pages: 112
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Analysis of Market Size & Trends

The Asia Pacific Blockchain In Energy Market would witness market growth of 75.9% CAGR during the forecast period (2023-2030).

One of the primary drivers behind the adoption of blockchain in energy market is the pursuit of operational efficiency. Traditional energy systems often involve complex and time-consuming processes, including reconciling transactions, managing data from disparate sources, and addressing inefficiencies in energy distribution. Blockchain streamlines these operations by providing a secure and transparent ledger that eliminates the need for intermediaries, reducing costs and processing times.

 The centralized nature of traditional energy grids poses challenges regarding reliability and resilience. Centralized systems are susceptible to single points of failure, making them vulnerable to cyber-attacks or natural disasters. Blockchain introduces decentralization, allowing for a more distributed and resilient energy infrastructure. This decentralization is particularly evident in the rise of peer-to-peer (P2P) energy trading, where consumers can buy and sell energy directly without relying on centralized utilities.

The travel sector in China, particularly airlines and hospitality, may adopt blockchain to track and offset carbon emissions, contributing to sustainability goals. The travel sector in China is increasingly embracing digital payments and smart contracts for secure and efficient transactions. The travel sector in China may explore blockchain for interoperability and collaboration between different service providers. The travel sector in China may integrate blockchain with the Internet of Things (IoT) for tracking and managing assets. China's travel and energy sectors may join industry consortia and collaborations exploring blockchain applications. Therefore, due to the above-mentioned factors, the market will grow significantly in this region.

The China market dominated the Asia Pacific Blockchain In Energy Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,766.8 million by 2030. The Japan market is experiencing a CAGR of 74.6% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 76.9% during (2023 - 2030).

Free Valuable Insights: The Global Blockchain In Energy Market is Predict to reach $ 58.8 Billion by 2030, at a CAGR of 75%

Based on Component, the market is segmented into Services, and Platform. Based on Type, the market is segmented into Public, and Private. Based on End-use, the market is segmented into Power, Oil & Gas. Based on Application, the market is segmented into Peer-To-Peer Transaction, Grid Transactions, Energy Financing, Sustainability Attribution, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

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List of Key Companies Profiled

  • IBM Corporation
  • The Linux Foundation
  • Microsoft Corporation
  • Accenture PLC
  • Circle Internet Financial Limited
  • Deloitte Touche Tohmatsu Limited
  • Digital Asset Holdings, LLC
  • Global Arena Holding, Inc.
  • Monax Industries Limited
  • Oracle Corporation

Asia Pacific Blockchain In Energy Market Report Segmentation

By Component

  • Services
  • Platform

By Type

  • Public
  • Private

By End-use

  • Power
  • Oil & Gas

By Application

  • Peer-To-Peer Transaction
  • Grid Transactions
  • Energy Financing
  • Sustainability Attribution
  • Others

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
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