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Europe Blockchain In Energy Market Forecast 2019-2024

The Europe blockchain in energy market is estimated to record a CAGR of 58.94% during the projected period. The increasing number of startups with a primary focus on the energy sectors, is the dominant factor influencing the growth of the region.

The market region of Europe with regard to blockchain in energy market is segregated into the regions of Spain, Italy, France, Germany, the United Kingdom, Russia, and the Rest of Europe. The European dominates the market for blockchain in energy market, due to the rapidly changing energy sector. There is an increasing demand for the deployment of smart metering systems in the region, which will result in a rising demand for blockchain technology. The real-time monitoring and analysis of energy usage as part of initiatives undertaken by the government is aiding the market growth of the countries, such as France, Germany, and the Netherlands. Germany also boasts an increasing number of startups, since it's a highly-priced market in Europe. Spain has the highest index of energy consumption with regard to its GDP. The electricity rates are considerably high, which results in increased business opportunities in the region. Russia, being a conducive environment with huge growth potential for blockchain technology and economic benefits, is adopting various strategies for blockchain technology. This aids in the growth of the overall market region.

Power Ledger Pty Ltd, Impactppa, Lo3 Energy Inc., Infosys Limited, Oracle, Sap Se, Electron (Chaddenwych Services Limited), Accenture Plc, etc. are among the well-established companies in the market.

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Europe Blockchain In Energy Market Forecast 2019-2024
Published By :Inkwood Research
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