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PUBLISHER: KBV Research | PRODUCT CODE: 1584916
PUBLISHER: KBV Research | PRODUCT CODE: 1584916
North America AI In Energy Market Size, Share & Trends Analysis Report By Type (Solutions and Services), By Application, By Country and Growth Forecast, 2024 - 2031
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PAGES: 120 Pages
DELIVERY TIME: 1-2 business days
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The North America AI In Energy Market would witness market growth of 28.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America AI In Energy Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $16,832.8 million by 2031. The Canada market is experiencing a CAGR of 31.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 30.3% during (2024 - 2031).
AI algorithms are increasingly utilized to optimize energy production processes. In renewable energy sources such as solar and wind, AI can analyze vast datasets, including weather patterns, historical performance, and energy demand, to enhance the efficiency of energy generation. For instance, predictive analytics can forecast energy output based on real-time weather data, enabling operators to adjust production schedules and resource allocation accordingly.
In addition, AI plays a crucial role in managing the complexities of modern power grids. Using machine learning algorithms, energy providers can analyze data from smart meters, sensors, and distributed energy resources (DERs) to monitor grid performance in real-time.
Mexico's rising renewable energy sector significantly impacts AI's growth in the energy sector. As the country sets ambitious goals for clean energy production, AI technologies are becoming essential for optimizing energy management, improving efficiency, and integrating renewable sources like wind and solar into the grid. Mexico intends to generate 35% of its electricity from renewable energy sources by 2024, as the International Trade Administration indicated in 2023. This shift is pushing the adoption of AI-driven solutions to forecast energy demand, manage power generation, and reduce operational costs.
Based on Type, the market is segmented into Solutions and Services. Based on Application, the market is segmented into Renewable Energy Management, Demand Forecasting, Robotics, Safety Security & Infrastructure, and Other Application. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Siemens AG
- ABB Group
- Schneider Electric SE
- GE Vernova Group
- Hitachi, Ltd
- Honeywell International Inc.
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Google LLC
- Microsoft Corporation
- AutoGrid Systems, Inc.
North America AI In Energy Market Report Segmentation
By Type
- Solutions
- Services
By Application
- Renewable Energy Management
- Demand Forecasting
- Robotics
- Safety Security & Infrastructure
- Other Application
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America AI In Energy Market, by Type
- 1.4.2 North America AI In Energy Market, by Application
- 1.4.3 North America AI In Energy Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2023, Jul - 2024, Oct) Leading Players
- 4.5 Porter Five Forces Analysis
Chapter 5. North America AI In Energy Market by Type
- 5.1 North America Solutions Market by Country
- 5.2 North America Services Market by Country
Chapter 6. North America AI In Energy Market by Application
- 6.1 North America Renewable Energy Management Market by Country
- 6.2 North America Demand Forecasting Market by Country
- 6.3 North America Robotics Market by Country
- 6.4 North America Safety Security & Infrastructure Market by Country
- 6.5 North America Other Application Market by Country
Chapter 7. North America AI In Energy Market by Country
- 7.1 US AI In Energy Market
- 7.1.1 US AI In Energy Market by Type
- 7.1.2 US AI In Energy Market by Application
- 7.2 Canada AI In Energy Market
- 7.2.1 Canada AI In Energy Market by Type
- 7.2.2 Canada AI In Energy Market by Application
- 7.3 Mexico AI In Energy Market
- 7.3.1 Mexico AI In Energy Market by Type
- 7.3.2 Mexico AI In Energy Market by Application
- 7.4 Rest of North America AI In Energy Market
- 7.4.1 Rest of North America AI In Energy Market by Type
- 7.4.2 Rest of North America AI In Energy Market by Application
Chapter 8. Company Profiles
- 8.1 Siemens AG
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expense
- 8.1.5 Recent strategies and developments:
- 8.1.5.1 Partnerships, Collaborations, and Agreements:
- 8.1.5.2 Product Launches and Product Expansions:
- 8.1.5.3 Acquisition and Mergers:
- 8.1.6 SWOT Analysis
- 8.2 ABB Group
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expense
- 8.2.5 Recent strategies and developments:
- 8.2.5.1 Partnerships, Collaborations, and Agreements:
- 8.2.6 SWOT Analysis
- 8.3 Schneider Electric SE
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expense
- 8.3.5 Recent strategies and developments:
- 8.3.5.1 Partnerships, Collaborations, and Agreements:
- 8.3.5.2 Product Launches and Product Expansions:
- 8.3.6 SWOT Analysis
- 8.4 GE Vernova Group
- 8.4.1 Company Overview
- 8.4.2 Recent strategies and developments:
- 8.4.2.1 Acquisition and Mergers:
- 8.4.3 SWOT Analysis
- 8.5 Hitachi, Ltd.
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expenses
- 8.5.5 Recent strategies and developments:
- 8.5.5.1 Partnerships, Collaborations, and Agreements:
- 8.5.5.2 Product Launches and Product Expansions:
- 8.5.6 SWOT Analysis
- 8.6 Honeywell International, Inc.
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expenses
- 8.6.5 Recent strategies and developments:
- 8.6.5.1 Partnerships, Collaborations, and Agreements:
- 8.6.5.2 Product Launches and Product Expansions:
- 8.6.6 SWOT Analysis
- 8.7 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental Analysis
- 8.7.4 Recent strategies and developments:
- 8.7.4.1 Partnerships, Collaborations, and Agreements:
- 8.7.5 SWOT Analysis
- 8.8 Google LLC
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Research & Development Expense
- 8.8.5 Recent strategies and developments:
- 8.8.5.1 Partnerships, Collaborations, and Agreements:
- 8.8.6 SWOT Analysis
- 8.9 Microsoft Corporation
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Segmental and Regional Analysis
- 8.9.4 Research & Development Expenses
- 8.9.5 Recent strategies and developments:
- 8.9.5.1 Partnerships, Collaborations, and Agreements:
- 8.9.5.2 Acquisition and Mergers:
- 8.9.6 SWOT Analysis
- 8.10. AutoGrid Systems, Inc.
- 8.10.1 Company Overview
LIST OF TABLES
- TABLE 1 North America AI In Energy Market, 2020 - 2023, USD Million
- TABLE 2 North America AI In Energy Market, 2024 - 2031, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- AI In Energy Market
- TABLE 4 Product Launches And Product Expansions- AI In Energy Market
- TABLE 5 Acquisition and Mergers- AI In Energy Market
- TABLE 6 North America AI In Energy Market by Type, 2020 - 2023, USD Million
- TABLE 7 North America AI In Energy Market by Type, 2024 - 2031, USD Million
- TABLE 8 North America Solutions Market by Country, 2020 - 2023, USD Million
- TABLE 9 North America Solutions Market by Country, 2024 - 2031, USD Million
- TABLE 10 North America Services Market by Country, 2020 - 2023, USD Million
- TABLE 11 North America Services Market by Country, 2024 - 2031, USD Million
- TABLE 12 North America AI In Energy Market by Application, 2020 - 2023, USD Million
- TABLE 13 North America AI In Energy Market by Application, 2024 - 2031, USD Million
- TABLE 14 North America Renewable Energy Management Market by Country, 2020 - 2023, USD Million
- TABLE 15 North America Renewable Energy Management Market by Country, 2024 - 2031, USD Million
- TABLE 16 North America Demand Forecasting Market by Country, 2020 - 2023, USD Million
- TABLE 17 North America Demand Forecasting Market by Country, 2024 - 2031, USD Million
- TABLE 18 North America Robotics Market by Country, 2020 - 2023, USD Million
- TABLE 19 North America Robotics Market by Country, 2024 - 2031, USD Million
- TABLE 20 North America Safety Security & Infrastructure Market by Country, 2020 - 2023, USD Million
- TABLE 21 North America Safety Security & Infrastructure Market by Country, 2024 - 2031, USD Million
- TABLE 22 North America Other Application Market by Country, 2020 - 2023, USD Million
- TABLE 23 North America Other Application Market by Country, 2024 - 2031, USD Million
- TABLE 24 North America AI In Energy Market by Country, 2020 - 2023, USD Million
- TABLE 25 North America AI In Energy Market by Country, 2024 - 2031, USD Million
- TABLE 26 US AI In Energy Market, 2020 - 2023, USD Million
- TABLE 27 US AI In Energy Market, 2024 - 2031, USD Million
- TABLE 28 US AI In Energy Market by Type, 2020 - 2023, USD Million
- TABLE 29 US AI In Energy Market by Type, 2024 - 2031, USD Million
- TABLE 30 US AI In Energy Market by Application, 2020 - 2023, USD Million
- TABLE 31 US AI In Energy Market by Application, 2024 - 2031, USD Million
- TABLE 32 Canada AI In Energy Market, 2020 - 2023, USD Million
- TABLE 33 Canada AI In Energy Market, 2024 - 2031, USD Million
- TABLE 34 Canada AI In Energy Market by Type, 2020 - 2023, USD Million
- TABLE 35 Canada AI In Energy Market by Type, 2024 - 2031, USD Million
- TABLE 36 Canada AI In Energy Market by Application, 2020 - 2023, USD Million
- TABLE 37 Canada AI In Energy Market by Application, 2024 - 2031, USD Million
- TABLE 38 Mexico AI In Energy Market, 2020 - 2023, USD Million
- TABLE 39 Mexico AI In Energy Market, 2024 - 2031, USD Million
- TABLE 40 Mexico AI In Energy Market by Type, 2020 - 2023, USD Million
- TABLE 41 Mexico AI In Energy Market by Type, 2024 - 2031, USD Million
- TABLE 42 Mexico AI In Energy Market by Application, 2020 - 2023, USD Million
- TABLE 43 Mexico AI In Energy Market by Application, 2024 - 2031, USD Million
- TABLE 44 Rest of North America AI In Energy Market, 2020 - 2023, USD Million
- TABLE 45 Rest of North America AI In Energy Market, 2024 - 2031, USD Million
- TABLE 46 Rest of North America AI In Energy Market by Type, 2020 - 2023, USD Million
- TABLE 47 Rest of North America AI In Energy Market by Type, 2024 - 2031, USD Million
- TABLE 48 Rest of North America AI In Energy Market by Application, 2020 - 2023, USD Million
- TABLE 49 Rest of North America AI In Energy Market by Application, 2024 - 2031, USD Million
- TABLE 50 Key Information - Siemens AG
- TABLE 51 Key Information - ABB Group
- TABLE 52 Key Information - Schneider Electric SE
- TABLE 53 Key Information - GE Vernova Group
- TABLE 54 Key Information - Hitachi, Ltd.
- TABLE 55 Key Information - Honeywell International, Inc.
- TABLE 56 Key Information - Amazon Web Services, Inc.
- TABLE 57 Key Information - Google LLC
- TABLE 58 Key Information - Microsoft Corporation
- TABLE 59 Key Information - AutoGrid Systems, Inc.
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