Technavio has announced its latest market research report titled
Artificial Intelligence in Energy Market by Solution and Geography - Forecast and Analysis 2021-2025

Technavio has announced its latest market research report titled Artificial Intelligence in Energy Market by Solution and Geography - Forecast and Analysis 2021-2025

NEW YORK, July 4, 2022 /PRNewswire/ -- The artificial intelligence in energy market estimates a market potential difference of USD 6.78 billion from 2020 to 2025, as per the latest market analysis report at Technavio. Furthermore, the report projects the market to witness a decelerating growth momentum at a CAGR of over 34.19%. 40% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for artificial intelligence in the energy industry in North America. Market growth in this region will be faster than the growth of the market in South America. The increased propensity of manufacturers in other markets to establish smart factories will propel the artificial intelligence in energy market growth in North America over the forecast period. 

For more highlights on the regional segment, Read Sample Report

Artificial Intelligence in Energy Market: Solution Segmentation Analysis

  • Software: The software solution segment held the largest market share in 2020. The segment will continue to dominate its position as the highest revenue-generating segment throughout the forecast period. The growth of this segment can be attributed to the increasing globalization and growth of IT in the energy sector for decision management, adoption of the machine learning platform, text analytics, robotic process automation, image and video analysis, deep learning, and speech recognition. 
  • Hardware
  • Services
  • To know about the market share and growth contribution of each segment, Request Sample Report

Artificial Intelligence In Energy Market: Driver

  • The growing demand for data integration and visual analytics is one of the key drivers likely to propel the market growth. 
  •  Enterprises around the world are, therefore, adopting data integration solutions. AI allows real-time synthesizing of data to facilitate real-time analysis for effective decision-making, thus enabling enterprises to monitor, transform, and deliver data; understand business processes; and bridge the gap between businesses and IT.
  • With globalization, customers, suppliers, and companies are scattered across the world and require real-time information exchange. To accomplish this, energy companies require AI platforms to link multiple enterprise systems with the web and cloud-based applications. 
  • Enterprises are also integrating business analytics software with their businesses for the dynamic representation of data. Hence, the demand for AI in the energy sector is likely to increase significantly during the forecast period.

Artificial Intelligence In Energy Market: Challenge

  • Existing issues of AI will emerge as a major threat for the global AI market during the forecast period.
  • The central problem with AI is to develop a self-improving algorithm, which is also known as machine learning. Creating an AI from machine learning makes AI powerful and capable of solving old and new problems, which were earlier programmed by a human.
  • The creation of efficient algorithms that can make logical assumptions and solve puzzles more easily and at a higher speed remains another challenge for the market. 
  • Developers are still in the research stage to develop an efficient machine learning algorithm, which can efficiently work with the energy management system. Therefore, there is limited adoption of AI in the energy sector.

Grab your Sample Report Copy Right Here to Unlock Additional Insights on other key market dynamics

Get ready to achieve excellent business outcomes from this exclusive report by Technavio. The report offers highlights of the overall market answering some of the most frequently asked questions including  -

  • What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?
  • What is the current trend taking place in the market space?
  • Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?
  • What are market drivers, restraints, and challenges impacting demand & growth of the market?
  • Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?
  • How is the competitive scenario like?

Have More Questions? Get all your queries solved just by Downloading this Sample Report Copy

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Artificial Intelligence In Energy Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 34.19%

Market growth 2021-2025

$ 6.78 billion

Market structure

Fragmented

YoY growth (%)

47.23

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 40%

Key consumer countries

US, Germany, China, Canada, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., Alphabet Inc., Flex Ltd., General Electric Co., Intel Corp., International Business Machines Corp., Microsoft Corp., Origami Energy Ltd., Siemens AG, and Verdigris Technologies Inc

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized

 

Table of Content:

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 03: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 04: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 - 2025
    • Exhibit 05: Global - Market size and forecast 2020 - 2025 ($ million)
    • Exhibit 06: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 07: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 08: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 09: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 10: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 11: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 12: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 13: Market condition - Five forces 2020

5 Market Segmentation by Solution

  • 5.1 Market segments
    • Exhibit 14: Solution - Market share 2020-2025 (%)
  • 5.2 Comparison by Solution
    • Exhibit 15: Comparison by Solution
  • 5.3 Software - Market size and forecast 2020-2025
    • Exhibit 16: Software - Market size and forecast 2020-2025 ($ million)
    • Exhibit 17: Software - Year-over-year growth 2020-2025 (%)
  • 5.4 Hardware - Market size and forecast 2020-2025
    • Exhibit 18: Hardware - Market size and forecast 2020-2025 ($ million)
    • Exhibit 19: Hardware - Year-over-year growth 2020-2025 (%)
  • 5.5 Services - Market size and forecast 2020-2025
    • Exhibit 20: Services - Market size and forecast 2020-2025 ($ million)
    • Exhibit 21: Services - Year-over-year growth 2020-2025 (%)
  • 5.6 Market opportunity by Solution
    • Exhibit 22: Market opportunity by Solution

6 Customer landscape

  • 6.1 Customer landscape
    • Exhibit 23: Customer landscape

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 24: Market share by geography 2020-2025 (%)
  • 7.2 Geographic comparison
    • Exhibit 25: Geographic comparison
  • 7.3 North America - Market size and forecast 2020-2025
    • Exhibit 26: North America - Market size and forecast 2020-2025 ($ million)
    • Exhibit 27: North America - Year-over-year growth 2020-2025 (%)
  • 7.4 Europe - Market size and forecast 2020-2025
    • Exhibit 28: Europe - Market size and forecast 2020-2025 ($ million)
    • Exhibit 29: Europe - Year-over-year growth 2020-2025 (%)
  • 7.5 APAC - Market size and forecast 2020-2025
    • Exhibit 30: APAC - Market size and forecast 2020-2025 ($ million)
    • Exhibit 31: APAC - Year-over-year growth 2020-2025 (%)
  • 7.6 MEA - Market size and forecast 2020-2025
    • Exhibit 32: MEA - Market size and forecast 2020-2025 ($ million)
    • Exhibit 33: MEA - Year-over-year growth 2020-2025 (%)
  • 7.7 South America - Market size and forecast 2020-2025
    • Exhibit 34: South America - Market size and forecast 2020-2025 ($ million)
    • Exhibit 35: South America - Year-over-year growth 2020-2025 (%)
  • 7.8 Key leading countries
    • Exhibit 36: Key leading countries
  • 7.9 Market opportunity by geography
    • Exhibit 37: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
    • Exhibit 38: Impact of drivers and challenges
  • 8.3 Market trends

9 Vendor Landscape

  • 9.1 Overview
    • Exhibit 39: Vendor landscape
  • 9.2 Landscape disruption
    • Exhibit 40: Landscape disruption
    • Exhibit 41: Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 42: Vendors covered
  • 10.2 Market positioning of vendors
  • 10.3 ABB Ltd.
    • Exhibit 44: ABB Ltd. - Overview
    • Exhibit 45: ABB Ltd. - Business segments
    • Exhibit 46: ABB Ltd.-Key news
    • Exhibit 47: ABB Ltd. - Key offerings
    • Exhibit 48: ABB Ltd. - Segment focus
  • 10.4 Alphabet Inc.
    • Exhibit 49: Alphabet Inc. - Overview
    • Exhibit 50: Alphabet Inc. - Business segments
    • Exhibit 51: Alphabet Inc. - Key offerings
    • Exhibit 52: Alphabet Inc. - Segment focus
  • 10.5 Flex Ltd.
    • Exhibit 53: Flex Ltd. - Overview
    • Exhibit 54: Flex Ltd. - Business segments
    • Exhibit 55: Flex Ltd.- Key news
    • Exhibit 56: Flex Ltd. - Key offerings
    • Exhibit 57: Flex Ltd. - Segment focus
  • 10.6 General Electric Co.
    • Exhibit 58: General Electric Co. - Overview
    • Exhibit 59: General Electric Co. - Business segments
    • Exhibit 60: General Electric Co.- Key news
    • Exhibit 61: General Electric Co. - Key offerings
    • Exhibit 62: General Electric Co. - Segment focus
  • 10.7 Intel Corp.
    • Exhibit 63: Intel Corp. - Overview
    • Exhibit 64: Intel Corp. - Business segments
    • Exhibit 65: Intel Corp.-Key news
    • Exhibit 66: Intel Corp. - Key offerings
    • Exhibit 67: Intel Corp. - Segment focus
  • 10.8 International Business Machines Corp.
    • Exhibit 68: International Business Machines Corp. - Overview
    • Exhibit 69: International Business Machines Corp. - Business segments
    • Exhibit 70:International Business Machines Corp. - Key news
    • Exhibit 71: International Business Machines Corp. - Key offerings
    • Exhibit 72: International Business Machines Corp. - Segment focus
  • 10.9 Microsoft Corp.
    • Exhibit 73: Microsoft Corp. - Overview
    • Exhibit 74: Microsoft Corp. - Business segments
    • Exhibit 75:Microsoft Corp.- Key news
    • Exhibit 76: Microsoft Corp. - Key offerings
    • Exhibit 77: Microsoft Corp. - Segment focus
  • 10.10 Origami Energy Ltd.
    • Exhibit 78: Origami Energy Ltd. - Overview
    • Exhibit 79: Origami Energy Ltd. - Product and service
    • Exhibit 80: Origami Energy Ltd. - Key offerings
  • 10.11 Siemens AG
    • Exhibit 81: Siemens AG - Overview
    • Exhibit 82: Siemens AG - Business segments
    • Exhibit 83:Siemens AG-Key news
    • Exhibit 84: Siemens AG - Key offerings
    • Exhibit 85: Siemens AG - Segment focus
  • 10.12 Verdigris Technologies Inc.
    • Exhibit 86: Verdigris Technologies Inc. - Overview
    • Exhibit 87: Verdigris Technologies Inc. - Product and service
    • Exhibit 88:Verdigris Technologies Inc. - Key news
    • Exhibit 89: Verdigris Technologies Inc. - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Currency conversion rates for US$
    • Exhibit 90: Currency conversion rates for US$
  • 11.3 Research methodology
    • Exhibit 91: Research Methodology
    • Exhibit 92: Validation techniques employed for market sizing
    • Exhibit 93: Information sources
  • 11.4 List of abbreviations
    • Exhibit 94: List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/

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SOURCE Technavio

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