Pumping systems account for nearly 20% of the world’s demand for electric energy. Different type of pumps used in the industry are centrifugal, reciprocating, and helical rotor pumps. Motor control circuits are used to reduce co ....see more
The global smart meter market is projected to reach USD 46.14 billion in 2030, expected to grow at a CAGR of 9.8% during the forecast period. Some of the major players in the smart meter market are Landis+Gyr (Switzerland), Itron Inc. (US), Sagemcom (France), OSAKI ELECTRIC CO., LTD. (EDMI) (Singapore), Siemens (Germany), and Sensus (Xylem) (US). The major strategies adopted by these players include acquisitions, sales contracts, product launches, agreements, alliances, partnerships, and expansions.
The Variable Frequency Drive market is projected to reach USD 30.36 billion by 2029, at a CAGR of 5.3% during the forecast period. The report profiles key players such as ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Danfoss (Denmark), and Rockwell Automation (US).
The smart water meters market is projected to reaach USD 9.04 billion by 2030, at a CAGR of 11.9% during the forecast period. The smart water meters market is dominated by major players that have a wide regional presence. Some of the key players in the smart water meters market are Badger Meter, Inc. (US), Sensus (Xylem) (US), Diehl Stiftung & Co. KG. (Germany), Landis+Gyr (Switzerland), and Itron, Inc. (US), ZENNER International GmbH & Co.KG (Germany), Sagemcom (France), Arad Group (Israel), Honeywell International Inc. (US), Aclara (Hubbell) (US), Kamstrup (Denmark), and Wasion Holdings International (China) among others.
The electric motors market is projected to reach USD 206.4 billion by 2029, at a CAGR of 6.3% during the forecast period (2024-2029). Some of the major players in the electric motors market are ABB (Switzerland), Siemens (Germany), WEG (Brazil), Wolong Electric (China), and NIDEC CORPORATION (Japan). The major strategies adopted by these players include sales contracts, product launches, investments, collaborations, partnerships, and expansions.
The AC motor market is projected to reach USD 6.60 billion by 2029, at a CAGR of 7.5% during the forecast period. The report profiles key players such as ABB (Switzerland), Siemens (Germany), GE Vernova (US), WEG (Brazil) and NIDEC (Japan).
The pumps market is projected to reach USD 79.01 billion by 2029, growing at a CAGR of 5.2% during the forecast period. Diversified strategies are being used by key players in the global pumps market, including Grundfos Holding A/S (Denmark), Xylem (US), Flowserve Corporation (US), KSB Limited (India), and Sulzer Ltd (Switzerland) for maintaining the competitive advantage. These companies are continuous innovators and focus on investing in R&D efforts to launch energy-efficient and digitally enabled pumps to align with the growth of sustainable and IoT-integrated solutions. They are also building their geographic footprint through strategic acquisitions and partnerships in order to expand market reach and respond to region-specific requirements, especially in new markets across Asia and the Middle East. In addition, many are giving greater priority to expansion of after-sales service and customized offerings in areas ranging from water treatment to oil and gas. Sustainability initiatives, including the development of eco-friendly and energy-efficient pumps, remain at the heart of their approach as environmental regulations worldwide are becoming ever stringent. The companies therefore enable these companies to increasingly cater to changing customer needs, thereby maintaining leadership in such a competitive marketplace across the world.
The African centrifugal pump market is projected to reach USD 903.1 million by 2030. at compound annual growth rate (CAGR) of 5.5% during the forecast period. Grundfos Holding A/S (Denmark), Xylem Inc. (US), Sulzer (Switzerland), KSB (Germany), Wilo (Germany), Weir (UK), Ruhrpumpen Group (US), and EBARA Corporation (Japan) are the major companies in the centrifugal pump market in Africa.
The progressing cavity pump market is projected to reach USD 3.6 billion by 2029, witness steady growth with a compound annual growth rate (CAGR) of 5.0% throughout the forecast period. Key players in the global progressing cavity pump market include NETZSCH (Germany), SEEPEX (Germany), NOV (US), CIRCOR International (US), Schlumberger (US), and PCM (France).
The global heat pump market is projected to reach USD 157.8 billion by 2029, at a CAGR of 11.8% during the forecast period. Some of the major players in the heat pump market are SAMSUNG (South Korea), DENSO CORPORATION (Japan), Midea (China), Panasonic Holdings Corporation (Japan), and Mitsubishi Electric Corporation (Japan). The major strategies adopted by these players include new product launches, acquisitions, contracts, agreements, partnerships, joint ventures, collaborations, investments, and expansions.
The global heat pump water heater market is projected to reach USD 10.2 billion by 2028; it is expected to record a CAGR of 14.4% during the forecast period. Some of the major players in the heat pump water heater market are Panasonic Corporation (Japan), LG Electronics (South Korea), Johnson Controls–Hitachi Air Conditioning (Japan), Mitsubishi Electric Corporation (Japan), Trane Technologies plc (Ireland). The major strategies adopted by these players include new product launches, acquisitions, contracts, agreements, partnerships, joint ventures, collaborations, investments, and expansions.
The global brushless DC motor market is projected to reach USD 17.6 billion by 2028, at a CAGR of 7.9% during the forecast period. Some of the major players in the Brushless DC Motor market are Ametek Inc. (US), Allied Motion, Inc. (US), NIDEC Corporation (Japan), MinebeaMitsumi Inc. (Japan), and Johnson Electric Holdings Limited (China). The major strategies adopted by these players include sales contracts, product launches, investments, collaborations, partnerships, and expansions.
The global blower market is projected to reach USD 4.6 billion by 2028, at a CAGR of 4.8% during the forecast period. Some of the major players in the blower market are Atlas Copco (Sweden), Ingersoll Rand (US), Kaeser Kompressoren (Germany), Aerzen (Germany), and Xylem (US). The major strategies adopted by these players include sales contracts, product launches, investments, collaborations, partnerships, and expansions.
The motor monitoring market is projected to reach USD 3.5 billion by 2028, at a CAGR of 8.7% during the forecast period. Some of the major players in the motor monitoring market are Dynarpar (US), KCF Technologies (US), Pheonix Contact (Germany), Allied Reliability (US), and KONCAR (Croatia). The major strategies adopted by these players include sales contracts, product launches, investments, collaborations, partnerships, and expansions.
The global oil and gas pumps market is projected to reach USD 10.9 billion by 2028; it is expected to record a CAGR of 4.7% during the forecast period. Some of the major players in the oil and gas pumps market are including Atlas Copco AB (Sweden); Flowserve Corporation (US); Sulzer Ltd (Switzerland); KSB SE & Co. KGaA (Germany); Nikkiso Co., Ltd. (Japan). The major strategies adopted by these players include contracts, agreements, partnership, collaborations, and expansions.
The global cryogenic equipment market is projected to reach USD 16.6 billion by 2028, it is expected to record a CAGR of 6.9% during the forecast period. Some of the major players in the cryogenic equipment market are including Linde plc (Ireland); Air Liquide (France); Air Products and Chemicals, Inc. (US); Chart Industries (US); Parker Hannifin Corp. (US); Flowserve Corporation (US); Nikkiso Co., Ltd. (Japan); and INOX India Limited (India). The major strategies adopted by these players include contracts, agreements, partnership, collaborations, and expansions.
The Marine VFD market is projected to reach USD 1.6 billion by 2030, at a CAGR of 5.0% during the forecast period. The Marine VFD market is dominated by a few major players that have a wide regional presence. The major players in the Marine VFD market are Siemens (Germany), ABB (Switzerland), Danfoss (Denmark), General Electric (US), and Rockwell Automation (US). Between 2019 and 2023, Strategies such as product launches, contracts, agreements, partnerships, collaborations, alliances, acquisitions, and expansions are followed by these companies to capture a larger share of the Marine VFD market.
The global centrifugal pump market is projected to reach USD 51.5 billion by 2028; it is expected to record a CAGR of 5.4% during the forecast period. Product launches are among the key growth strategies adopted by a few leading companies, including Xylem Inc. (US), Sulzer (Switzerland), KSB (Germany), Grundfos Holding A/S (Denmark), and Flowserve Corporation (US), to enhance their position in the centrifugal pump market. Apart from product launches, companies operating in this market also focus on contracts and agreements to enhance their market share and regional presence.
The global small gas engines market is projected to reach USD 4.3 billion by 2028, growing at a CAGR of 5.4% during the forecast period. The Small gas engines market is dominated by a few major players that have a wide regional presence. The leading players in the small gas engines market are Briggs & Stratton (US), Honda Motor Co. (Japan), Yamaha Motor Corporation (Japan), Kohler Co. (US), Kawasaki Heavy Industries, Ltd. (Japan), MITSUBISHI HEAVY INDUSTRIES, LTD (Japan).
The global Energy efficient motor market is projected to reach USD 59.3 billion in 2028, expected to grow at a CAGR of 7.3% during the forecast period. Some of the major players in the energy efficient motor market are Regal Rexnord Corporation (US), ABB (Switzerland), Siemens (Germany), Wolong Electric Group Co., Ltd (China), and Nidec Corporation (Japan). The major strategies adopted by these players include acquisitions, sales contracts, product launches, agreements, alliances, partnerships, and expansions.
The global high-speed engine market is projected to reach USD 29.9 billion by 2028, at a CAGR of 4.0% during the forecast period. Caterpillar (US), Volvo Penta (Sweden), Cummins Inc. (US), MAN Energy Solutions (Germany), Rolls-Royce Holdings PLC (UK), Doosan Infracore (South Korea), Yanmar Holdings Co., Ltd. (Japan), IHI Power Systems Co., Ltd. (Japan), Mitsubishi Heavy Industries Engine & Turbochargers (Japan), Deutz AG (Germany), Honda Motor Co., Ltd. (Japan), Wartsila (Finland), Hyundai Heavy Industries Co., Ltd. (South Korea), John Deere (US), Anglo Belgian Corporation nv (Belgium), Weichai Power Co., Ltd. (China), Kohler Co. (US), FPT Industrial (Italy), Isotta Fraschini Motori S.p.A. (Italy), and Kirloskar Oil Engines (India).
The MOSFET relay market is projected to reach USD 474 million by 2030, at a CAGR of 9.1% during the forecast period. The leading players in the MOSFET relay market include Schneider Electric (France), Panasonic Corporation (Japan), TE Connectivity (Switzerland), Omron Corporation (Japan), Standex Electronics Inc. (US)
The global servo motors and drives market is projected to reach USD 15.8 billion by 2027, at a CAGR of 5.7% during the forecast period. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the servo motors and drives market. These include including Yaskawa Electric (Japan), Mitsubishi Electric (Japan), Siemens (Germany), Rockwell Automation (US), and Schneider Electric (France). The leading players are trying to establish themselves in the markets of developed countries and are adopting various strategies to increase their respective market shares.
The small marine engines market is projected to reach USD 10.3 billion by 2027, at a CAGR of 5.5% during the forecast period. Yamaha Motor Co., Ltd. (Japan), Yanmar Co. Ltd. (Japan), Brunswick Corporation (US), Suzuki Motor Corporation (Japan), Honda Motor Co., Ltd. (Japan) are the key players in the global small marine engines market.
The global smart port market is projected to reach USD 5.7 billion by 2027, at a CAGR of 24.3% during the forecast period. The smart port market is dominated by major players that have a wide regional presence. Some of the key players in the smart port market are IBM (US), ABB (Switzerland), General Electric (US), Accenture (Ireland), Siemens (Germany), Trelleborg (Sweden), Wipro (India), Port of Rotterdam (Netherlands), and Royal HaskoningDHV (Netherlands).
The global industrial control transformer market is expected to grow from USD 0.9 billion in 2022 to USD 1.2 billion by 2027, at a compound annual growth rate (CAGR) of 5.0% during the forecast period.The Key Players are ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton (Ireland), General Electric (US), Hubbell (US), Rockwell Automation Inc., (US), and Broadman Transformers (UK).
The Cryogenic Pump Market is expected to grow from USD 1.2 billion in 2022 to USD 1.5 billion by 2027, at a CAGR of 4.6% during the forecast period. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Cryogenic pump market. These players include Atlas Copco AB (Sweden), EBARA CORPORATION (Japan), SHI Cryogenics Group (Japan), Nikkiso Co., Ltd. (Japan) and Fives Group (France)
The large-scale natural refrigerant heat pump market is expected to grow from USD 5.8 billion in 2022 to USD 9.1 billion by 2027, at a CAGR of 9.4% during the forecast period. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the large-scale natural refrigerant heat pump market. These players include Siemens Energy (Germany), Johnson Controls (Ireland), Emerson Electric Co. (US), GEA Group Aktiengesellschaft (Germany), and Mitsubishi Electric Corporation (Japan).
The industrial burner market is expected to grow from USD 5.9 billion in 2022 to USD 7.9 billion in 2027, at a CAGR of 6.1% during the forecast period. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the industrial burner market. These include including ANDRITZ Group (Austria), NIBE Group (Sweden), Honeywell International Inc. (US), Ariston Group N.V. (Italy), Fives (France), and Riello S. p. A. (Italy). The leading players are trying to establish themselves in the markets of developed countries and are adopting various strategies to increase their respective market shares.
The diaphragm pumps market is expected to grow from USD 6.1 billion in 2022 to USD 7.6 billion by 2027, at a compound annual growth rate (CAGR) of 4.5% during the forecast period.The major players PSG (US), Flowserve Corporation (US), IDEX Corporation (US), LEWA GmbH (Germany), Ingersoll Rand, Inc. (US), Grundfos Holding A/S (Denmark), Yamada Corporation (Japan), Xylem, Inc. (US), and SPX FLOW (US).
The industrial air compressor market is expected to grow from USD 32.7 billion in 2021 to USD 42.9 billion by 2026, at a compound annual growth rate (CAGR) of 5.6% during the forecast period. The major players Atlas Copco (Sweden), Ingersoll Rand (US), Doosan Infracore (South Korea), Hitachi (Japan), and Kobe Steel (Japan). Some of the other major players include BOGE Kompressoren (Germany), Volkswagen (MAN Energy Solutions), Kirloskar Pneumatic (India), Kaeser Kompressoren (Germany), Danfoss (Denmark), Coaire (UAE), ELGi Equipments (India), Siemens Energy (Germany), Sulzer (Switzerland), Baker Hughes (US), Nidec, EBARA Corporation (Elliott Group), Howden Group (US), Fusheng Group (Taiwan), Mitsubishi Heavy Industries (Japan), and others.
The water desalination equipment market is expected to grow from USD 7.1 billion in 2021 to USD 11.2 billion by 2026, at a compound annual growth rate (CAGR) of 9.5%. during the forecast period.Suez Water Technologies & Solutions (US), Veolia Water Technologies (France), DuPont (US), LG Chem (Korea), Toray Industries, Inc. (Japan), Sulzer (Switzerland) and Wärtsilä (Finland).
The Industrial Counterweights Market is expected to grow from USD 6.7 billion in 2021 to USD 8.5 billion by 2026, at a CAGR of 4.5% during the forecast period. The key players include FMGC, Farinia Group (France), Sic LAZARO (US), Crescent Foundry (India), Gallizo (Spain), Mars Metal (Canada). The leading players are adopting various strategies to increase their share in the industrial counterweights market.
The global permanent magnet motor market is expected to grow from USD 41.2 billion in 2021 to USD 64.6 billion by 2026, at a compound annual growth rate (CAGR) of 9.4% during the forecast period. The major players in Permanent Magnet Motor market, such as ABB (Switzerland), Siemens (Germany), Wolong (China), WEG (Brazil) and Rockwell Automation (US), have comparable strengths in terms of customer base, diversified product portfolios, technological capabilities, and regional presence, and they cumulatively hold a major portion of the total market share.
The Excitation Systems Market is expected to grow from USD 2.7 billion in 2021 to USD 3.4 billion by 2026, at a CAGR of 4.4% during the forecast period. Some of the key players are ABB (Switzerland), Siemens Energy(Germany), General Electric (US), ANDRITZ Group (Austria), and Emerson (US).The leading players are adopting various strategies to increase their share in the excitation systems market. Contracts & agreements, and new product launches have been a widely adopted strategy by the major players in the excitation systems market.
The sequence of events recorder market is expected to grow from USD 25 million in 2021 to USD 31 million by 2026, at a compound annual growth rate (CAGR) of 4.7% during the forecast period. Some of the key players are AMETEK(US), Qualitrol Corp.(US), Emerson(US), Yokogawa Electric Corporation(Japan).The leading players are adopting various strategies to increase their share in the sequence of events recorder market.
The submersible pumps market is expected to grow from USD 11.2 billion in 2020 to USD 15.5 billion by 2025 at a compound annual growth rate (CAGR) of 6.7% during the forecast period.Some of the key players are Xylem (US), Sulzer (Switzerland), KSB Group (Germany), Grundfos (Denmark), and Atlas Copco (Sweden). The leading players are adopting various strategies to increase their share in the submersible pumps market.
The Motor Control Centers Market is expected to grow from USD 4.6 billion in 2020 to USD 6.3 billion by 2025, at a CAGR of 6.4% during the forecast period. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the motor control centers market. These include ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton (Ireland), and Rockwell Automation (US). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their respective market share.
The water cut monitors market is expected to grow from USD 188 million in 2019 to USD 241 million by 2024, at a compound annual growth rate (CAGR) of 5.0% during the forecast period.To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Water Cut Monitors market. They are Weatherford (Switzerland), Emerson (US), Phase Dynamics (US), and Ametek Inc. (US). The leading players are trying to enter the market of developing economies and are adopting various strategies to increase their market shares.
The motor soft starter market is expected to grow from USD 1.7 billion in 2019 to USD 2.3 billion by 2024, at a compound annual growth rate (CAGR) of 6.0% during the forecast period.. These include ABB, Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), Eaton Corporation, PLC (Ireland), and Rockwell Automation, Inc. (US). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their respective market share.
The transmission sales market is expected to grow from USD 15.2 billion in 2019 to USD 18.7 billion by 2024, at a compound annual growth rate (CAGR) of 4.2% during the forecast period.The report includes the profiles of some of the top players in the transmission sales market to enable an in-depth understanding of the competitive landscape. The key players in the transmission sales market include Caterpillar, Inc. (US), GE (US), Siemens (Germany), Gazprom (Russia), and Cummins (US). The leading players are adopting various strategies to increase their share in the transmission sales market.
The ultrasonic flow meter market is projected to reach a size of USD 2.1 billion by 2024, at a CAGR of 6.5% from an estimated USD 1.5 billion in 2019. This growth can be attributed to factors such as increasing green field investments in China, rise in demand for advanced flow measuring technologies, and increase in shale gas exploration activities in the US.Siemens (Germany), Danfoss (Denmark), Fuji Electric (Japan), Badger Meter (US), GE (US), Endress+Hauser (Switzerland), Honeywell (US), and KROHNE (Germany).
The global industrial wastewater treatment service market is projected to reach USD 28.0 billion by 2024 from an estimated USD 20.8 billion in 2019, at a CAGR of 6.1% during the forecast period. This growth can be attributed to factors such as growing government policies and legislative mandates for illegal discharge of wastewater into the environment, need for policy and standards compliance, and need for adhering to the Zero Liquid Discharge (ZLD) initiatives. The major players in the global industrial wastewater treatment service market are Veolia (France). SUEZ (France), Xylem (US), Thermax Group (India). Ecolab (USA), Pentair (UK), Evoqua Water Technologies (USA), WOG Group (USA), SWA Water Holdings (Australia), Aries Chemical (USA), Terrapure Environmental (Canada), and Golder Associates (Canada).
The Europe variable frequency drives market is projected to grow from an estimated USD 5.2 billion in 2019 to USD 6.4 billion by 2024, at a CAGR of 4.13% during the forecast period. This growth can be attributed to factors such as increasing investments in the energy and construction industries and government regulations in reducing greenhouse gas emissions.ABB (Switzerland), Eaton (Ireland), Schneider (France), Siemens (Germany), Danfoss (Denmark), Fuji (Japan), Rockwell (US), Yaskawa (Japan), CG Power and Industrial Solutions (India), Hitachi (Japan), WEG SA (Brazil), and TMEIC (Japan).
The global valve remote control system market is projected to reach USD 8.0 billion by 2023 from an estimated USD 6.4 billion in 2018, at a CAGR of 4.73%. This can be attributed to the growth in power generation, increasing investments in the petrochemical and chemical infrastructure, and the rise in demand for automation and predictive maintenance from the manufacturing industriesEmerson (US), Rotork (UK), Wartsila (Finland), KSB (Germany), and Nordic (Singapore).
The global AC electric motor sales in oil & gas industry market is projected to reach a size of USD 13.2 billion by 2023, at a CAGR of 4.62%, from an estimated USD 10.5 billion in 2018. This growth can be attributed to the automation in oil & gas sector, transition to energy efficient motors in oil & gas industry.The major players in the global AC electric motor market, are ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell (US), WEG (Brazil), Toshiba Corporation (Japan), General Electric (US).
The global lighting contactor market is estimated to be USD 737.8 million in 2018 and is projected to reach USD 1,111.0 million by 2023, at a CAGR of 8.53% from 2018 to 2023. Increasing adoption of IoT in the lighting industry and rising demand for energy-efficient lighting systems are the major drivers of the lighting contactor market. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the lighting contactor market. The key players in the market include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell Automation (US), and Eaton (Republic of Ireland). The leading players are trying to expand in developing economies and are adopting various strategies to increase their market shares.
The global Industrial Gearbox market is estimated to grow from USD 25.91 billion in 2018 to USD 31.90 billion by 2023, at a CAGR of 4.25% during the forecast period. The growth in the industrial gearbox market is driven by the increasing automation in manufacturing industries such as automobile, food processing, and agriculture machinery. In addition, increasing investments in renewable power generation, with a skew towards wind power, is driving the market. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the industrial gearbox market. These players include Siemens AG (Germany), Bonfiglioli Italia S.P.A (Italy), Bondioli & Pavesi (Italy), Sew-Eurodrive (Germany), and Dana Brevini (Italy).
The global CNG dispenser market is estimated to be USD 155.2 million in 2018 and is projected to reach USD 225.5 million by 2023, at a CAGR of 7.76% from 2018 to 2023. This growth can be attributed to the rising demand for natural gas vehicles, with growing refueling infrastructure across the countries.Some of the leading players in the offshore ROV market include as Bennett (US), Censtar (China), Compac (New Zealand), FTI (Canada), Kraus (Canada), Lanfeng (China), Sanki (China), Scheidt & Bachmann (Germany), Tulsa (India), Tatsuno (Japan), Dover (US), Parker (US), and Fortive (US). Contracts & agreements was the most commonly adopted strategy by top players in the market
The overall hydraulic dosing pump market is estimated to grow from USD 771.8 million in 2018 to USD 949.3 million by 2023, at a CAGR of 4.23%. The hydraulic dosing pump market is driven by factors such as the growing demand from the chemical industry and rising investments in the water & wastewater treatment industry. Growth in demand from the oil & gas sector is expected to boost the demand for hydraulic dosing pumps. The increasing implementation of smart dosing technologies coupled with refining capacity additions in the Asia Pacific and the Middle East present great opportunities for the hydraulic dosing pump market. To enable an in-depth understanding of the competitive landscape, the report includes the profiling of some of the key players in the hydraulic dosing pump market. These players include Dover Corporation (US), Grundfos (Denmark), SPX Flow (US), IDEX Corporation (US), and LEWA (Germany). Leading players are trying to establish themselves in the markets of developing economies and are adopting various strategies to increase their market shares.
The global blockchain in energy market is projected to reach a market size of USD 7,110.1 million by 2023, at a CAGR of 78.32%, from an estimated USD 394.3 million in 2018. This growth can be attributed to the Increasing popularity of the blockchain technology in the energy sector, the need to manage infrastructure and other business functions through high transaction speeds and immutability, and the rising security concerns across the globe. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the blockchain in energy market. The key players include Microsoft (US), Accenture (Ireland), IBM (US), Infosys (India), and SAP (Germany). The leading players are adopting various strategies to increase their shares in the blockchain in energy market.