Press release
Leading Growth Driver in the Generative Artificial Intelligence (AI) In Utilities Market in 2025: Rising Utilization Of Renewable Energy Sources Drives Generative AI In Utilities Market Driver's Influence
Generative Artificial Intelligence AI In Utilities
The growth of generative artificial intelligence (AI) in the utilities market is being driven by the increasing use of renewable energy sources. These natural resources, such as solar, wind, hydro, geothermal, and biomass, can be naturally replenished and harnessed for energy production. Their use is on the rise due to their scalability, reduced costs, and widespread adoption. Generative AI greatly assists utilities, including renewable energy sources, by providing sustainable, data-driven insights for efficient energy management and diminishing dependency on fossil fuels. For example, in March 2024, the European Environment Agency, a Denmark-based governmental environmental data agency, reported a rise in renewable energy consumption in the EU. It stated that in 2022, 23% of the energy used was renewable, which was an increase from 21.9% in 2021. Therefore, the utilities market's increasing dependability on renewable energy sources is pushing forward the growth of generative artificial intelligence (AI).
Get Your Generative Artificial Intelligence (AI) In Utilities Market Report Here:
https://www.thebusinessresearchcompany.com/report/generative-artificial-intelligence-ai-in-utilities-global-market-report
What Is the projected market size and growth rate for the generative artificial intelligence (ai) in utilities market?
The size of the generative artificial intelligence (AI) market in the utilities sector has witnessed exponential growth in recent times. An expansion from $1.03 billion in 2024 to $1.4 billion in 2025, equating to a compound annual growth rate (CAGR) of 36.7%, is projected. The historic rise can be credited to factors like the escalating demand for energy efficiency, the incorporation of renewable energy sources, regulatory pressures, the emergence of smart grid technologies, enhancements in computing capabilities, and decreased costs in AI technologies.
Expectations are high for substantial expansion in the size of the generative artificial intelligence (AI) market in utilities in the coming years. The predicted market value is set to reach $4.86 billion by 2029, with a compound annual growth rate (CAGR) of 36.4%. Factors contributing to this sizable growth in the forecast period encompass an upturn in requests for predictive maintenance, improvement in grid management, optimization of energy use, incorporation of alternative energy sources, AI algorithm progress, surging investment in AI technology, and digital transformation regulations. Key trends in the prediction period will likely involve the evolution of smart grid management, the provision of individualized energy solutions, the enhancement of simulation capabilities, bettering customer interaction through AI-backed support, promoting sustainable practices, and making regulatory compliance procedures more efficient.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19478&type=smp
What new trends are reshaping the generative artificial intelligence (ai) in utilities market and its opportunities?
Major businesses in the utility market that utilize generative artificial intelligence (AI) are concentrating on delivering real-time insights in line with the trend of employing data-driven strategies, such as a unified energy sector platform. This platform operates to amplify operational efficiency and offer sophisticated data analysis for improved decision-making. It is a comprehensive system that integrates various technologies to enhance operational performance, improve data analysis, and facilitate informed decision-making processes. An illustration of this occurred in April 2024, when Databricks Inc., an American data and AI enterprise, introduced a data intelligence platform. The platform included expansive language model (LLM) powered chatbots for customized user assistance, Internet of things (IoT) predictive maintenance to minimize costs and maximize uptime, instantaneous data processing accompanied by digital twins, AI or machine learning (ML) models specifically geared toward wind turbine upkeep, and grid-edge analysis to augment grid performance and minimize outages. Moreover, the real-time data ingestion platform (RTDIP) provides a cloud-native framework for standardizing data and conducting predictive analytics.
What major market segments define the scope and growth of the generative artificial intelligence (ai) in utilities market?
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
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19478
Which region dominates 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.
Which key market leaders are driving the generative artificial intelligence (ai) in utilities industry growth?
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.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=19478&type=smp
What Is Covered In The Generative Artificial Intelligence (AI) In Utilities Global Market Report?
•Market Size Forecast: Examine the generative artificial intelligence (ai) in utilities market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the generative artificial intelligence (ai) in utilities market for a structured understanding.
•Key Players Overview: Analyze major players in the generative artificial intelligence (ai) in utilities market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the generative artificial intelligence (ai) in utilities market.
•Segment Contributions: Evaluate how different segments drive overall growth in the generative artificial intelligence (ai) in utilities market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the generative artificial intelligence (ai) in utilities market.
•Industry Challenges: Identify potential risks and obstacles affecting the generative artificial intelligence (ai) in utilities market.
•Competitive Landscape: Review strategic developments in the generative artificial intelligence (ai) in utilities market, including expansions, agreements, and new product launches.
Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Leading Growth Driver in the Generative Artificial Intelligence (AI) In Utilities Market in 2025: Rising Utilization Of Renewable Energy Sources Drives Generative AI In Utilities Market Driver's Influence here
News-ID: 3940844 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Energy
Green Renewable Energy Market Next Big Thing: Enphase Energy, Bloom Energy, Clea …
Advance Market Analytics published a new research publication on "Green Renewable Energy Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Green Renewable Energy market was mainly driven by the increasing R&D spending across the world.
Get inside Scoop of the…
Business Energy Solution Market Size in 2023 To 2029 | SSE Energy Solutions, BES …
The large-scale Business Energy Solution market report provides valuable insights for clients looking to forecast investments in emerging markets, expand market share, or launch new products. The report presents multifaceted Business Energy Solution market insights that are simplified using established tools and techniques, making it a credible marketing report. Data is presented in a clear and easy-to-understand manner, with graphs and charts to aid comprehension. The report employs integrated approaches…
Decentralized Energy Storage Market Is Booming Worldwide | Fuelcell Energy, Enph …
A new business intelligence report released by AMA with title "Decentralized Energy Storage Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Decentralized Energy Storage Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics…
Waste-To-Energy Technologies Market Top Growing Companies: Xcel Energy, Novo Ene …
Qurate Business Intelligence’s up-to-date research study on Waste-To-Energy Technologies was performed by highly qualified research professionals and industry experts. This is to provide an in-depth analysis on the Waste-To-Energy Technologies. The report is comprehensive and includes over 120 pages. The global energy market is witnessing a shift toward waste to energy technologies due to growing energy demands worldwide, the rapid depletion of conventional sources of energy, and concerns over…
Waste To Energy Market ||Novo Energy Ltd., Hitachi Zosen, Foster Wheeler A.G., S …
Zion Market Research published a new 110+ pages industry research "Global Waste to Energy Market Set For Rapid Growth, To Reach Value Around USD 42.74 Billion By 2024" is exhaustively researched and analyzed in the report to help market players to improve their business tactics and ensure long-term success. The authors of the report have used easy-to-understand language and uncomplicated statistical images but provided thorough information and detailed data on…
In-Pipe Hydro Systems Market | key player - Lucid Energy, Rentricity, Tecnoturbi …
Looking at the current market trends as well as the promising demand status of the “In-Pipe Hydro Systems Market” it can be projected that the future years will bring out positive outcomes. This research report added by MRRSE on its online portal delivers clear insight about the changing tendencies across the global market. Readers can gather prime facets connected to the target market which includes product, end-use and application; assisting…
