PUBLISHER: Grand View Research | PRODUCT CODE: 1588417
PUBLISHER: Grand View Research | PRODUCT CODE: 1588417
The global AI in energy market size was valued at USD 8.75 billion in 2023 and is expected to grow at a CAGR of 30.1% from 2024 to 2030. The increasing demand for energy efficiency and sustainability is propelling companies to adopt artificial technology (AI) technologies that optimize energy management and enhance operational efficiencies. AI applications, including predictive analytics, machine learning, and deep learning, enable energy firms to analyze vast datasets from smart meters and IoT devices, improving decision-making processes related to grid management and renewable energy integration.
Regulatory pressures for sustainability are compelling organizations to innovate and implement AI-driven solutions that address operational challenges while reducing carbon footprints. The rise of decentralized energy systems and smart grids further facilitates the adoption of AI, allowing for better load forecasting and resource allocation. Consequently, strategic collaborations among industry players are becoming essential for leveraging technological synergies and expanding market reach, thereby solidifying AI's role as a transformative force in the energy sector
Global AI In Energy Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global AI in energy market report on the basis of type, application, and region: