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North America Blockchain In Energy Market Forecast 2019-2024

KEY FINDINGS
The North American blockchain in energy market is estimated to grow, registering a CAGR of 57.69% during the projected period. The increasing partnerships and collaborations between the companies and the subsequent investments, are the dominant factors driving the market growth of the region.

MARKET INSIGHTS
The North American market region for blockchain in energy market is analyzed based on the market regions of Canada and the United States. North Americans are considered to be the early adaptors of block chaining in the energy sector. The North American region is witnessing an increase in both, the production and number of energy reserves, which further propels the growth of blockchain in the energy market in the region. The US region has the benefits of investments and collaborations, which is aiding the revenues of the market in the region. There is also an increased number of utility vendors in the region, which results in increased adoption of blockchain. The mining activity in the Canadian region consumes a huge amount of electricity, thus resulting in a costly process. The low energy costs and the favorable climatic conditions will help the region in sustaining its market growth. The factors like local energy surplus, high speed internet, and low-cost electricity have resulted in the initiatives undertaken by the government with regard to large-scale adoption and blockchain research. The Blockchain Research Institute has also contributed its share in the range of innovations taking place in Canada.

COMPETITIVE INSIGHTS
Some of the prominent entities in the market are IBM Corporation, Infosys Limited, Microsoft Corporation, Greeneum, Accenture Plc, Sap Se, Drift Marketplace Inc., etc.

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