The Global Artificial Intelligence in Energy Market Report is a comprehensive report on the Artificial Intelligence in Energy Market, offering key insights on business strategies, current trends, and presenting qualitative and quantitative analysis of the Artificial Intelligence in Energy Market. This report offers in-depth research insights on key and significant aspects of the Artificial Intelligence in Energy Market, providing an in-depth analysis of key drivers, restraints, restraints, growth prospects, threats, and risks.
The global Artificial Intelligence in energy market is expected to reach a market size of USD 20.83 Billion at a steady CAGR of 23.6% in 2028, according to latest analysis by Emergen Research. This steady revenue growth can be attributed to increasing need to obtain operational efficiency to meet energy requirements. Digitalization of the energy sector is contributing to increasing demand for Artificial Intelligence in energy systems.
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Adoption of Artificial Intelligence solutions among oilfield services providers and operators has been increasing and is driving deployment of Artificial Intelligence solutions in oil & gas industries. Rising need to identify improper threading in pipelines or defects in error-prone mechanisms is driving utilization of Artificial Intelligence-powered defect detection solutions in oil & gas industries. Oil & gas industries are deploying AI-powered computer-vision solution to monitor the worksite in order to ensure workers are following safety procedures without any deviations.
The report offers a complete analysis of the global Artificial Intelligence in Energy market on a global and regional scale and offers a forecast for the market for 8 years. The report provides extensive coverage of the market drivers, restraints, limitations, growth prospects, threats, opportunities, and current and emerging trends in the market. The report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial standing, and global position. It also sheds light on the collaborations in the competitive landscape, such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, corporate and government deals, licensing agreements, and others.
Key players in the market include Accenture PLC, Amazon Web Services, Inc., AutoGrid Systems, Inc, Cisco Systems Inc., C3 IoT, Inc., General Electric, HCL Technologies Ltd., Huawei Technologies Co., Ltd., IBM Corporation, and Intel Corporation.
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The report further covers comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a complete understanding of the competitive landscape and scenario of each market player. The report also provides an in-depth analysis of the applications and product types offered in the market.
Emergen Research has segmented the global Artificial Intelligence in energy market on the basis of product offering, industry stream, application, and region:
Product offering Outlook (Revenue, USD Billion; 2021–2028)
- Support Services
- Hardware
- AI-as-a-Service
- Software
Industry stream Outlook (Revenue, USD Billion; 2021–2028)
- Power Industry (Generation, Transmission, Distribution)
- Oil & Gas Industry (Upstream, Midstream, Downstream)
Application Outlook (Revenue, USD Billion; 2021–2028)
- Demand Response Management
- Fleet & asset Management
- Renewable Energy Management
- Precision Drilling
- Demand forecasting
- Infrastructure Management
- Others
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Radical Features of the Artificial Intelligence in Energy Market Report:
The report encompasses Artificial Intelligence in Energy market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
Supply chain analysis along with technological advancements offered in the report
The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Artificial Intelligence in Energy industry
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Outlook of Artificial Intelligence in Energy Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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