Artificial intelligence in energy market is expected to grow by USD 6.79 billion during 2021-2025, according to Technavio.
Enterprises will go through the Response, Recovery, and Renew phases.
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Key Considerations for Market Forecast:
Impact of supply chain disruptions, demand destruction, and change in customer behavior
Optimistic, probable, and pessimistic scenarios for all markets
Quarterly impact analysis and updates on market estimates
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Artificial Intelligence-as-a-Service Market by End-user and Geography – Forecast and Analysis 2021-2025
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Major Three Artificial Intelligence In Energy Market Participants:
ABB Ltd.
ABB Ltd. operates its business under segments- Electrification, Industrial Automation, Motion, Robotics & Discrete Automation, and Corporate and Other. The company offers ABB Ability Electrical Distribution Control System (EDCS) with AI-powered applications such as energy forecasting and intelligent alerts for efficient energy management.
Alphabet Inc.
Alphabet Inc. operates its business under segments- Google and Other Bets. The company offers a line of solutions such as project Sunroof and an end-to-end demo system, a machine learning model built on Google Cloud Platform using TensorFlow to monitor home appliances power behavior individually.
Flex Ltd.
Flex Ltd. operates its business under segments – High Reliability Solutions, Industrial and Emerging Industries, Communications & Enterprise Compute, and Consumer Technologies Group. The company offers a line of advanced solar trackers and software systems such as TrueCapture and NX Navigator to improve power monitoring and control capabilities through its subsidiary Nextracker.
Artificial Intelligence In Energy Market 2021-2025: Segmentation
Artificial intelligence in energy market is segmented as below:
Geography
North America
Europe
APAC
MEA
South America
Solution
Software
Hardware
Services
Artificial intelligence in energy market is driven by the increasing adoption of cloud-based solutions. In addition, growing demand for data integration and visual analytics is also expected to trigger the artificial intelligence in energy market toward witnessing a decelerating CAGR of over 34% during the forecast period.
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
Vendors covered
Vendor classification
Market positioning of vendors
Competitive scenario
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ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Report: https://www.technavio.com/talk-to-us?report=IRTNTR45192
SOURCE Technavio
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Source: https://www.prnewswire.com/news-releases/artificial-intelligence-in-energy-market-incremental-growth-is-expected-to-be-worth–6-79-billion-by-2025–301315939.html
