According the report, Growing Popularity of BaaS (Blockchain as a Service)
is one of the primary growth factors for the market. Improved Operational Transparency and Operational Optimization by the Adoption of Private Blockchain Technology
is also expected to contribute significantly to the Private Blockchain Technology in Energy market. Overall, Energy Trading and Transactions
applications of Private Blockchain Technology in Energy, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Private Blockchain Technology in Energy market identified that the demand is rising in many different parts of the world as "Integration of Artificial Intelligence and Block Chain Technology". Furthermore, some recent industry insights like "In 2021, Tata Power, India’s largest integrated power company in collaboration with India Smart Grid Forum and Power Ledger has launched India’s first peer to peer energy trading project in some parts of Northern Delhi. The platform which includes Tata Power Delhi Distribution Limited’s facilities and tata power’s customers. The Block Chain enabled platform can be used by any individual to buy and sell their excess energy to another household or commercial sites." is constantly making the industry dynamic. One of the challenges that industry facing is "Integration of Regulatory Bodies and Complexities Involved with Blockchain Technology"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Private Blockchain Technology in Energy market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
o Key & emerging players in the Private Blockchain Technology in Energy market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Private Blockchain Technology in Energy market size is calculated using market estimation process, the Private Blockchain Technology in Energy market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Private Blockchain Technology in Energy market size has been validated using both top-down and bottom-up approaches.