Artificial Intelligence in Energy Market: Incremental Growth is Expected to be Worth $ 6.79 Billion by 2025 – PRNewswire

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  • June 21, 2021
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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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More Details: https://www.technavio.com/report/artificial-intelligence-in-energy-market-industry-analysis
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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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

About UsTechnavio 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.
Our 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.
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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