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Generative Artificial Intelligence (AI) In Utilities Market Poised for 36.4 % Growth, Set to Hit $4.03 Billion by 2029
Generative Artificial Intelligence (AI) In Utilities Global Market Report 2025
The market size for generative artificial intelligence (AI) in utilities has seen a significant incline in the past few years. The market is set to grow from $1.03 billion in 2024 to $1.4 billion in 2025, achieving a compound annual growth rate (CAGR) of 36.7%. Factors accounting for growth during the historical period include an amplified demand for enhanced energy efficiency, incorporation of sustainable energy sources, regulatory forces, advancement in smart grid technologies, enhanced computing power, and a decrease in the cost of AI technologies.
Predictions for the generative artificial intelligence (AI) in utilities market project substantial growth in the coming years. The market is anticipated to expand to $4.86 billion by 2029, with a compound annual growth rate (CAGR) of 36.4%. The heightened growth anticipated during the projected period can be linked to the rising need for predictive maintenance, advanced grid management, energy usage optimization, integration of green energy sources, upgrades in AI algorithms, increased funding in AI technologies, and regulatory encouragement for digital transition. Notable trend forecasts for this period include the advancement of grid management, the provision of personalized energy solutions, improved simulation capabilities, better customer engagement through AI-enabled support, promotion of sustainable procedures, and the simplification of regulatory compliance processes.
What Are the Key Drivers Behind the Growth of the Generative Artificial Intelligence (AI) In Utilities Market?
The anticipated acceleration in the adoption of renewable energy sources is likely to fuel the expansion of generative artificial intelligence (AI) in the utilities sector. These natural resources include solar, wind, hydro, geothermal, and biomass, all of which can naturally regenerate and be harnessed for energy production. Their increasing usage is attributed to their scalability, lower costs, and widespread acceptance. Generative AI aids utilities such as renewable energy sources by offering sustainable, data-informed insights for improving energy management and reducing dependence on fossil fuels. For example, it was reported by the European Environment Agency, a Denmark-based governmental environmental data agency, that the energy consumption from renewable sources in the EU had increased to 23% in 2022, up from 21.9% in 2021. Consequently, the rising utilization of renewable energy sources is steering the growth of generative artificial intelligence (AI) in the utilities sector.
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Who Are the Major Industry Players Fueling Generative Artificial Intelligence (AI) In Utilities Market Expansion?
Major companies operating in the generative artificial intelligence (AI) in utilities market are Microsoft Corporation, Hitachi Ltd, Amazon Web Services Inc., Siemens AG, General Electric Company, IBM Corporation, Schneider Electric SE, Honeywell International Inc., SAP SE, ABB Ltd., NVIDIA Corporation, Capgemini SE, Eaton Corporation, Infosys Limited, Emerson Electric Co., Wipro Limited, Rockwell Automation Inc., The Tata Power Company Ltd., AVEVA Group plc, C3.ai Inc., SparkCognition Inc., Bidgely Inc.
Which Key Developments Are Influencing the Generative Artificial Intelligence (AI) In Utilities Market?
Leading businesses in the generative artificial intelligence (AI) sector within the utilities market are concentrating on offering real-time insights that tie in with the trend of utilizing data-centric methods. These methods incorporate a unified platform for the energy field to improve operational productivity and furnish refined data analytics that aid in superior decision-making processes. The unified platform is an exhaustive system that amalgamates diverse technologies to maximize operations, augment data examination, and bolster informed verdicts. For instance, Databricks Inc., a premier US-based firm dealing in data and AI, introduced a data intelligence platform in April 2024. This platform includes large language model (LLM)-empowered chatbots for customized user assistance, Internet of Things (IoT) predictive upkeep to escalate uptime and cut expenses, instant data processing utilizing digital twins, AI or Machine Learning (ML) blueprints for maintaining wind turbines, and grid-edge analysis to boost grid functionality and avert power outages. In addition, the real-time data ingestion platform (RTDIP) provides a cloud-native structure for data normalization and predictive analytics.
How Is the Segmentation of the Generative Artificial Intelligence (AI) In Utilities Market Defined?
The generative artificial intelligence (AI) in utilities market covered in this report is segmented -
1) By Type: Electricity Generation, Transmission And Distribution, Customer Engagement And Energy Efficiency, Water And Wastewater Management, Gas And Oil Utilities, Renewable Energy Integration
2) By Deployment: On-Premises, Cloud-Based, Hybrid, Edge Computing, Collaborative, Customized In-House
3) By Application: Create Personalized Customer Experiences, Improve Asset Management, Develop New Products And Services, Improve Safety, Other Applications
Subsegments:
1) By Electricity Generation: Predictive Maintenance For Power Plants, Energy Demand Forecasting, Load Balancing And Optimization, Grid Management Solutions
2) By Transmission And Distribution: Smart Grid Technologies, Fault Detection And Diagnostics, Real-Time Monitoring Systems, Asset Management Solutions
3) By Customer Engagement and Energy Efficiency: Personalized Energy Management Tools, Customer Behavior Analytics, Energy Usage Forecasting, Loyalty and Rewards Programs
4) By Water and Wastewater Management: Leak Detection and Monitoring Systems, Water Quality Analysis Tools, Demand Forecasting For Water Supply, Wastewater Treatment Optimization
5) By Gas and Oil Utilities: Pipeline Monitoring And Integrity Management, Leak Detection Technologies, Supply Chain Optimization, Predictive Maintenance For Equipment
6) By Renewable Energy Integration: Energy Storage Management, Integration Of Distributed Energy Resources (DERs), Microgrid Management Solutions, Renewable Energy Forecasting
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What Is the Leading Region in the Generative Artificial Intelligence (AI) In Utilities Market?
North America was the largest region in the generative artificial intelligence (AI) in the utilities market in 2024. The regions covered in the generative artificial intelligence (AI) in utilities market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Generative Artificial Intelligence (AI) In Utilities Global Market Report?
- Market Size Analysis: Analyze the Generative Artificial Intelligence (AI) In Utilities Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Generative Artificial Intelligence (AI) In Utilities Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Generative Artificial Intelligence (AI) In Utilities Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Generative Artificial Intelligence (AI) In Utilities Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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