The global AI (artificial intelligence) in energy management market size was valued at USD 406 billion in 2019 and expected to register a significant CAGR of 20% during the forecast period 2020 to 2026. Increasing energy production and consumption is predicted to uplift the market globally. In 2019, Schneider Electric announced a partnership with AutoGrid to focus on driving artificial intelligence and machine learning solutions for the energy industry. On the basis of region, North America held the largest market share of around $ 1.7 billion in 2018 in the industry.
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The market is segmented on the basis of deployment type, solution, technology, application, end-use, and region. North America accounted for the largest market share of more than 30% globally. On the basis of application, energy output forecasting has the highest market share due to the rising need for effective energy management services.
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The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
According to Research Corridor, this study will provide in-depth analysis of segments on the basis of current trends, market dynamics and country level analysis of ai in energy management industry. This report provides market estimates and forecast for the period 2018-2027, along with respective CAGRs for each segment and regional distribution for the period 2020-2027. In depth analysis of competitive landscape, porter's five forces model, value chain analysis, and pricing strategies are also covered in the report scope.
Historical & Forecast Period
2018 - Historical Year for ai in energy management Market
2019 - Base Year for ai in energy management Market
2020-2027 - Forecast Period for ai in energy management Market
The ai in energy management market report offers a primary overview of the ai in energy management industry covering different product definitions, classifications, and participants in the industry chain structure. The quantitative and qualitative analysis is provided for the global market considering competitive landscape, development trends, and key critical success factors (CSFs) prevailing in the ai in energy management industry.
AI in Energy Management Market Segmentation:
By Deployment Type:
Cloud
On-premise
By Solution:
Renewable Management
Demand Management
Infrastructure Management
By Technology:
Machine Learning
Natural Language Processing
Computer Vision
By Application:
Energy Generation
Energy Transmission
Energy Distribution
Energy Output Forecasting
By End-User:
Manufacturing
Utility
Residential
Government
Retail
Healthcare
Education
List of Key Companies:
IBM Corporation
Eaton Corporation PLC
General Electric Company
ABB Ltd.
Siemens AG
Honeywell International Inc.
Schneider Electric SE
Xcel Energy Inc.
Geographic Coverage:
North America
Europe
Asia-Pacific
Rest of The World
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