PUBLISHER: TechNavio | PRODUCT CODE: 1788457
PUBLISHER: TechNavio | PRODUCT CODE: 1788457
The applied AI in energy and utilities market is forecasted to grow by USD 1,461 mn during 2024-2029, accelerating at a CAGR of 27.3% during the forecast period. The report on the applied AI in energy and utilities market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by critical imperative for grid modernization and resilience, global mandate for decarbonization and renewable energy integration, and unrelenting pursuit of operational efficiency and cost reduction.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 22.9% |
CAGR | 27.3% |
Incremental Value | $1,461 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's applied AI in energy and utilities market is segmented as below:
By Deployment
By Application
By Technology
By Geographical Landscape
This study identifies the generative AI as a catalyst for predictive maintenance and advanced operational simulation as one of the prime reasons driving the applied AI in energy and utilities market growth during the next few years. Also, AI powered grid modernization for seamless distributed energy resource integration and sophisticated AI algorithms revolutionizing energy trading and demand response mechanisms will lead to sizable demand in the market.
The report on the applied AI in energy and utilities market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading applied AI in energy and utilities market vendors that include ABB Ltd., Amazon Web Services Inc., Arundo Analytics Inc., BIDGELY INC., C3.ai Inc., General Electric Co., Google LLC, Honeywell International Inc., International Business Machines Corp., Landis Gyr AG, Microsoft Corp., NVIDIA Corp., Oracle Corp., Palantir Technologies Inc., SAP SE, Schneider Electric SE, Siemens AG, SparkCognition Inc., Stem Inc., and Verdigris Technologies Inc.. Also, the applied AI in energy and utilities market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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