Artificial Intelligence (AI) in Energy Market Revenue was valued at USD 12.5 Billion in 2024 and is estimated to reach USD 45.0 Billion by 2033, growing at a CAGR of 15.8% from 2026 to 2033.
In 2022, the global Artificial Intelligence (AI) in Energy market was valued at approximately $4.0 billion, with projections indicating growth to around $19.8 billion by 2031, reflecting a compound annual growth rate (CAGR) of 17.4% during the forecast period. The Asia Pacific region led the market, accounting for two fifths of the global share in 2021, and is expected to maintain its dominance with a CAGR of 17.7% through 2031. In 2023, the Asia Pacific AI in Energy market was valued at $5.40 billion and is projected to reach $30.92 billion by 2034, growing at a CAGR of 17.40% from 2024 to 2034. North America is anticipated to experience significant growth, driven by technological advancements and a strong emphasis on renewable energy integration. The United States, in particular, is adopting AI technologies to optimize energy distribution and enhance grid performance. Europe also demonstrates a commitment to sustainability, with countries implementing AI solutions to improve energy efficiency and incorporate renewable sources into existing grids. The Middle East and Africa are increasingly adopting AI to enhance operational efficiency and support renewable energy initiatives, while Central and South America focus on integrating AI for better management of renewable energy generation and distribution.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Artificial Intelligence (AI) in Energy Market
Energy Management Systems
Predictive Maintenance
Load Forecasting
Grid Management
Renewable Energy Integration
Energy Trading
Machine Learning
Natural Language Processing
Deep Learning
Computer Vision
Robotics Process Automation
Internet of Things (IoT)
Utilities
Renewable Energy Providers
Oil and Gas Companies
Industrial Sector
Commercial Sector
Residential Sector
Cloud-Based
On-Premises
Hybrid Deployment
Data Analytics
Operations Optimization
Risk Management
Automation and Control
Customer Engagement Solutions
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Artificial Intelligence (AI) in Energy Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Artificial Intelligence (AI) in Energy Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Artificial Intelligence (AI) in Energy Market, By Type
6. Global Artificial Intelligence (AI) in Energy Market, By Application
7. Global Artificial Intelligence (AI) in Energy Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Artificial Intelligence (AI) in Energy Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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