Top Market Shifts Transforming the Artificial Intelligence (AI) in Energy And Power Market Landscape: Key Insights

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 Artificial Intelligence (AI) in Energy And Power Market Through 2025?
In recent years, the size of the artificial intelligence (AI) market in the energy and power sector has seen substantial growth. It is projected to expand from $5.24 billion in 2024 to $6.77 billion in 2025 with a compound annual growth rate (CAGR) of 29.2%. Factors contributing to growth during the historic period include improved data availability and quality, regulatory backing, reduction in cost, enhanced connectivity, and demand for renewable energy.

What's the Projected Size of the Global Artificial Intelligence (AI) in Energy And Power Market by 2029?
The market size of artificial intelligence (AI) in the energy and power sector will likely experience a significant expansion in the upcoming years. The market value is anticipated to reach $16.96 billion by 2029, escalating at a compound annual growth rate (CAGR) of 25.8%. This growth during the projection period is mainly due to the incorporation of advanced analytics and predictive modeling, optimization of smart grids, the establishment of decentralized energy systems, planning for resilience, and the worldwide shift to renewable energy. The main trends throughout this period will likely be technological innovation, standardisation and collaboration, global acceptance of AI technologies, improvements in cybersecurity, and an increased focus on predictive maintenance.

View the full report here:
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-ai-in-energy-and-power-global-market-report

Top Growth Drivers in the Artificial Intelligence (AI) in Energy And Power Industry: What's Accelerating the Market?
The expansion of the artificial intelligence (AI) in energy and power market is anticipated to be driven by increasing investments in energy sectors. Investments usually involve the distribution of resources, often financial, in the hopes of accruing interest or profit over a period. These investments have been used in energy and power sectors to utilize AI in a variety of ways, such as enhancing decision-making processes, streamlining operations, improving energy management, and boosting the reliability and quality of services in the industry. For example, the International Energy Agency, a French intergovernmental organization, has predicted that in 2023 approximately USD 2.8 trillion will be invested in energy, of which over USD 1.7 trillion will be allocated to clean energy from 2022. Additionally, when comparing predictions for 2023 with data from 2021, it's clear that the annual investment in renewable energy has risen dramatically by 24%. Consequently, increased investments in energy sectors are fueling the growth of AI applications in the energy and power market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13578&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the Artificial Intelligence (AI) in Energy And Power Market?
Leading corporations in the artificial intelligence (AI) domain within the energy and power sectors are pioneering groundbreaking advancements like gridmatic retail to cater to the sophisticated energy requirements of business clients. They are making use of AI-powered energy marketing to optimize the procurement of environmentally friendly energy while offering business and industrial customers predictability and automation tool for their advanced energy needs. For example, in January 2023, Gridmatic, an AI-based energy marketer, launched their latest service - Gridmatic Retail, to simplify the process of buying renewable energy, while at the same time providing business and industrial clients with predictability and automation capabilities. They offer innovative retail energy products, including time-matched renewables, around-the-clock carbon-free energy, and contracts for load variability. Gridmatic also speeds up the shift towards a carbon-neutral future and maintains a balance in the renewable energy grid by utilizing their top-of-the-line AI to provide the most advanced, time-matched renewable contracts and bespoke offerings for clients with fluctuating and intricate energy requirements.

What Are the Main Segments in the Artificial Intelligence (AI) in Energy And Power Market?
The artificial intelligence (AI) in energy and power market covered in this report is segmented -

1) By Technology: Machine Learning, Natural Language Processing, Computer Vision
2) By Application: Demand Forecasting, Energy Production And Distribution Optimization, Energy Management, Smart Grids, Smart Meter, Other Applications
3) By End-User: Commercial And Industrial, Residential

Subsegments:
1) By Machine Learning: Predictive Maintenance, Demand Forecasting, Energy Management Systems
2) By Natural Language Processing (NLP): Chatbots For Customer Service, Voice Assistants For Energy Management, Document Analysis And Reporting
3) By Computer Vision: Asset Monitoring And Inspection, Safety And Surveillance Systems, Fault Detection In Equipment

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=13578&type=smp

Which Top Companies are Driving Growth in the Artificial Intelligence (AI) in Energy And Power Market?
Major companies operating in the artificial intelligence (AI) in energy and power market report are Google LLC, Microsoft Corporation, Mitsubishi Electric Corporation, Bosch.IO, Siemens AG, General Electric Company, Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Schneider Electric SE, Honeywell International Inc., SAP SE, ABB Group, NVIDIA Corporation, Toshiba Corporation, Emerson Electric Co, Rockwell Automation Inc., SAS Institute Inc., DNV GL, Sierra Wireless Inc., C3.ai Inc., Vayyar Imaging Ltd., Uptake Technologies Inc., Verdigris Technologies Inc., ClearPath Robotics, Aurora Solar Technologies, SenseHawk

Which Regions Will Dominate the Artificial Intelligence (AI) in Energy And Power Market Through 2029?
North America was the largest region in the artificial intelligence (AI) in energy and power market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) in energy and power market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13578

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

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.

Reach out to us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

The Business Research Company, with over 17,500+ reports across 27 industries and 60+ geographies, backed by 1,500,000 datasets and insights from industry leaders, offers comprehensive market intelligence through its flagship product, the Global Market Model (GMM), delivering updated forecasts for informed decision-making.

This release was published on openPR.