Europe Blockchain in Energy Market Forecast (2016-2023)

Year GERMANY UNITED KINGDOM NETHERLANDS REST OF EUROPE
2016 $ 25.7 $ 7.8 $ 9.4 $ 4.1
2017 $ 46.6 $ 13.7 $ 16.2 $ 6.9
2018 $ 84.3 $ 24.1 $ 28.0 $ 11.5
2019 $ 152.6 $ 42.5 $ 48.5 $ 19.4
2020 $ 276.7 $ 74.9 $ 84.2 $ 32.6
2021 $ 501.6 $ 132.3 $ 146.4 $ 54.9
2022 $ 912.7 $ 234.7 $ 255.7 $ 92.9
2023 $ 1659.5 $ 416.4 $ 446.5 $ 157.3
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Europe Blockchain in Energy Market Forecast (2016-2023)

Synopsis
The above chart is Global Blockchain in Energy market [2016-2023] by Europe

Market Dynamics

Germany accounted for the largest market share in 2017 in the europe blockchain in energy market, and is expected to reach usd 1659.50 million in 2023 from usd 46.60 million in 2017.this market is projected to grow at a cagr of 81.48% during the forecast period from 2018 - 2023. service and solution segment accounted for the largest market share in 2017, this market is expected to reach usd 1960.40 million in 2023 from usd 55.20 million in 2017. this market is projected to grow at a cagr of 81.40% during the forecast period from 2018 - 2023. however, service and solution segment is the fastest growing market, which is expected to grow at a cagr of 81.40% during the forecast period 2018 - 2023. ethereum segment accounted for the largest market share in 2017, this market is expected to reach usd 2489.80 million in 2023 from usd 60.60 million in 2017. this market is projected to grow at a cagr of 84.55% during the forecast period from 2018 - 2023. closed blockchain segment accounted for the largest market share in 2017, this market is expected to reach usd 2267.80 million in 2023 from usd 64.70 million in 2017. this market is projected to grow at a cagr of 81.07% during the forecast period from 2018 - 2023. however, closed blockchain segment is the fastest growing market, which is expected to grow at a cagr of 81.07% during the forecast period 2018 - 2023. energy trading segment accounted for the largest market share in 2017, this market is expected to reach usd 2296.70 million in 2023 from usd 61.00 million in 2017. this market is projected to grow at a cagr of 83.23% during the forecast period from 2018 - 2023. however, energy trading segment is the fastest growing market, which is expected to grow at a cagr of 83.23% during the forecast period 2018 - 2023. renewable energy segment accounted for the largest market share in 2017, this market is expected to reach usd 1858.10 million in 2023 from usd 48.00 million in 2017. this market is projected to grow at a cagr of 84.08% during the forecast period from 2018 - 2023. however, renewable energy segment is the fastest growing market, which is expected to grow at a cagr of 84.08% during the forecast period 2018 - 2023.

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