Rising Demand for Global AI in Energy and Utilities Market Trends 2022 | Segmentation, Outlook, Industry Report to 2028

The artificial intelligence market is Expected to grow at a Forecast  CAGR of 31.75% from 2022 to 2028. The market is driven by rapid demand for power and lack of power generation information grid. Artificial intelligence (artificial intelligence)is a range of computer technology that emphasises the formation of intelligent machines that operate and react like humans. The energy and utility sector is included in the production and distribution of oil and gas,power generation and other constituent energy. As technology advances, the energy and utilities sector is experiencing price crashes and drastic changes in energy storage technology. Artificial intelligence creates drastic changes in the field of energy and utilities. The effectiveness of artificial intelligence technology can be seen in applications such as smart autonomous grids,energy distribution systems, etc. Heavy investment is one of the biggest challenges hindering the growth of this technology in the energy and utility sectors.

Scope of the Report

The research study analyzes the global AI in Energy and Utilities industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis

o Import and Export Overview

o Volume Analysis

o Current Market Trends and Future Outlook

o Market Opportunistic and Attractive Investment Segment

Market Segmentation:

By Type – Solutions, Services

By Application – Robotics, Renewables Management, Demand Forecasting, Safety & Security and Infrastructure and Others

By End Use– Energy Generation, Energy Transmission, Energy Distribution, Utilities

Mentioned below are the prime players taken into account in this research report:

General Electric, HAZAMA ANDO CORPORATION, Siemens AG, Alpiq, SmartCloud Inc, Atos SE, AppOrchid Inc.

Geographic Coverage

o North America Market Size and/or Volume

o Latin America Market Size and/or Volume

o Europe Market Size and/or Volume

o Asia-Pacific Market Size and/or Volume

o Rest of the world Market Size and/or Volume

Key Questions Answered by AI in Energy and Utilities Market Report

1. What was the AI in Energy and Utilities Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of AI in Energy and Utilities Market during the forecast period (2022-2028)?

3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).

4. Which manufacturer/vendor/players in the AI in Energy and Utilities Market was the market leader in 2020?

5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.