ai in energy market size, ai in energy market share, ai in energy industry analysis, ai in energy market growth, ai in energy market trends
What Is The Projected Growth Of The AI In Energy Market?
The AI in energy market size has witnessed exponential growth recently. Reports suggest that the market, which stood at $19.03 billion in 2024, is expected to surge to $22.94 billion in 2025 at a compound annual growth rate (CAGR) of 20.6%. Factors such as data analytics for efficiency, demand response management, predictive maintenance, and grid optimization have significantly contributed to this growth. The market is anticipated to further prosper to reach a staggering $50.91 billion by 2029 at a CAGR of 22.0%. This growth can be credited to advancements like decentralized energy systems, energy storage management, smart cities and infrastructure, and the electrification of transportation.
Get Your Free Sample of The Global AI in Energy Market Report:
What Are The Key Drivers Of The AI In Energy Market’s Growth?
The AI in Energy market’s expansion is heavily driven by the rising utilization of microgrids which act as localized energy systems functioning independently or in harmony with the main power grid. They facilitate the integration and optimization of AI technology within the energy sector, improving energy management and grid optimization. For example, in 2024, the UK witnessed a 3.9 percent increase in installed capacity, contributing to a total of 57.5 GW. Such developments are expected to further bolster the market’s growth.
In Which Segments Is The AI in Energy Market Divided?
1) By Offering: Support Services, Hardware, AI-As-A-Service, Software
2) By Deployment: On-Premise, Cloud
3) By Application: Demand Response Management, Fleet And Asset Management, Renewable Energy Management, Precision Drilling, Demand Forecasting, Infrastructure Management, Other Applications
4) By End User: Energy Transmission, Energy Generation, Energy Distribution, Utilities, Other End Users
Order your report now for swift delivery:
Which Major Players Are Dominating The AI in Energy Market?
Prominent companies in the AI in Energy market include Google, Microsoft Corporation, Engie SA, Huawei Technologies Co Ltd., Siemens AG, General Electric Company, Intel Corporation, International Business Machines Corporation, Iberdrola, Cisco Systems Inc., Schneider Electric SE, and Honeywell International Inc., among others.
What Are The Emerging Trends In The AI In Energy Market?
Technological innovations are increasingly becoming popular in the AI in Energy market. Companies are leveraging these advancements to retain their market positions. For example, Telefonaktiebolaget LM Ericsson, based in Sweden, launched an AI-powered Energy Infrastructure Operations system in February 2022 to substantially reduce energy use.
Which Region Will Dominate The AI In Energy Market?
As of 2024, North America held the leading position in the AI in Energy market. However, the Asia-Pacific region is expected to exhibit the fastest growth rate in the forecast period.
What Does The AI in Energy Market Report 2025 Offer?
The AI in Energy Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. AI in Energy refers to the application of artificial intelligence in the energy sector to improve efficiency, optimize operations, and make better decisions.
Purchase the exclusive report now to unlock valuable market insights:
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.
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:
Twitter: https://twitter.com/tbrc_info
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
