Selbyville, Delaware, February 05, 2025 (Globe Newswire) –
The blockchain in the evaluation of the electricity market should exceed 61.7 billion USD by 2034, reported in a research analysis of Global Market Insights Inc.
Blockchain technology is revolutionizing the energy sector by facilitating direct transactions between electricity producers and consumers, offering a secure and real -time system to manage data and improve network efficiency. By integrating renewable energy sources and optimizing electricity distribution, blockchain supports the modernization of the network and simplifies critical processes such as billing and energy establishments thanks to automated intelligent contracts, considerably reducing costs operational.
One of the main engines of the adoption of blockchain in the energy industry is growing demand for transparency. The blockchain allows secure recording of transactions, such as electricity production and distribution, improving responsibility and reducing the risk of fraud. In addition, the overvoltage of energy trading between peers (P2P) accelerates change to decentralized energy markets. This change helps reduce dependence on traditional intermediaries, reduce costs and increase system efficiency. Blockchain technology also rations electricity purchase agreements (APP), process automation and dispute minimization.
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The blockchain on the electricity market is divided into key segments, including the burden of electric vehicles (EV), grid transactions, energy financing, allocation of sustainability, peer transactions, etc. . Among these, the peer-to-peer transactions segment should undergo significant expansion, the projections indicating that it could reach 21 billion USD by 2034. The blockchain allows a direct energy exchange between the parties, reducing The dependence on traditional public services, eliminating intermediaries and simplifying billing process – making energy transactions more transparent and profitable.
Blockchain in the electricity market sector is also classified into public and private segments. The blockchain public sector is about to grow to an exceptional TCAC from 42% to 2034. Public blockchain networks promote transparency in energy transactions, offering key advantages for public sector organizations that manage the resources of power. These networks guarantee the secure monitoring of renewable energy certifications, grant allowances and energy negotiation data, improving responsibility and minimizing risks.
The growing adoption of decentralized networks, including micro-network, further propels the growth of blockchain. The blockchain effectively manages localized electricity production, incorporates renewable energy sources and guarantees transparent monitoring of electricity flows and real -time billing, making it an essential element of modern energy systems.
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In the United States, blockchain on the electricity market should reach 7.5 billion USD by 2034. Government initiatives and regulatory support for advanced technologies stimulate the adoption of blockchain in the context of more efforts important to modernize the electricity sector. In addition, the growing need for robust cybersecurity measures to protect critical network operations and energy transactions accelerates the deployment of blockchain technology, offering a secure and industry test.
Partial chapters of the table of contents report (COT):
Chapter 1 Methodology and scope
1.1 Market definitions
1.2 Basic estimates and calculations
1.3 Calculation of forecasts
1.4 Primary research and validation
1.4.1 Primary sources
1.4.2 Sources of data exploration
1.5 Market definitions
Chapter 2 Executive summary
2.1 Industry synopsis, 2021 – 2034
Chapter 3 Blockchain in information on the electricity market
3.1 Industry ecosystem
3.2 Regulatory landscape
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.2 Plates and challenges of the industry
3.4 Potential growth analysis
3.5 Porter analysis
3.5.1 Suppliers’ negotiation power
3.5.2 Buyers’ negotiation power
3.5.3 Threat of new entrants
3.5.4 Threat of substitutes
3.6 Pestel analysis
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About Global Market Insights Inc.
Global Market Insights Inc., whose headquarters are in Delaware, the United States, is a global supplier of market research and consultancy, offering unionized and personalized research reports as well as growing consulting services. Our research reports on commercial intelligence and industry offer customers entering entering and market data that can be used specially designed and presented to help strategic decision -making. These exhaustive reports are designed via an owner research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energies and biotechnology.
