Blockchain in Energy Market Share

Regionally, the global blockchain in energy market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Europe industry is expected to dominate majority revenue share of 40% by 2037, attributed to increasing emphasis of the government of nations in the region for refining energy efficiency, enhance interoperability, and encourage cross-border engagement amongst the various stakeholders that provide energy. Besides this, the European Commission has also introduced the EU Blockchain Observatory and Forum as a European Parliament pilot project, whose prime task is to monitor the blockchain initiatives in Europe, and also produce a comprehensive source of blockchain knowledge. Moreover, increasing funding initiatives to promote the adoption of the technology is also expected to drive the market growth in the region. According to the European Commission, the European Blockchain Partnership (EBP) has aimed to scale the investment fund of around USD 2.33 Billion to fully develop its European Blockchain Services Infrastructure (EBSI) platform. The blockchain in energy market in the region is segmented by country into Germany, France, United Kingdom, Italy, Spain, Russia, Netherlands, and the Rest of Europe. Out of these, the market in Germany is anticipated to generate the largest revenue share 0.16% by the end of 2037.