Title: Artificial Intelligence Market In Energy & Utilities - Forecast(2021 - 2026)
1Artificial Intelligence MarketMarket size,
Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2021-2026
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- The market for AI in Energy and Utilities is
forecast to reach 4.5 billion by 2026,
growing at a CAGR of 32.75 from 2021 to 2026. - The market is driven by the rapid demand for
power and dearth of information grid in power
generation. - Artificial intelligence (AI) is an extent of
computer technology that highlights the formation
of intelligent machines that work and react like
humans. - The energy and utility sector involves in the
production and distribution of energy constitutes
of oil and gas, power generation and others.Â
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- Key Takeaways
- Deployment of AI into energy sector resulted in
drastic changes in the transmogrification of
energy in energy sources distribution. AI has
brought advancement in the devices for auto
detection and other energy infrastructure. - Both Energy Utility sectors have proven to be
the most innovative in the application of
Artificial Intelligence. - Energy production has been influenced by
Artificial Intelligence in more ways than one.
For example it helped in optimizing drilling by
identifying the right spots of energy resources
for drilling.
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By Distribution Channel- Segment Analysis Demand
Forecasting has dominated the AI in Energy and
Utilities Market with a share of 26.9 in 2020 as
compared to the other applications due to rising
demand for efficiency improvements drive the
adoption of AI technology for this application.
Artificial intelligence is now deployed in energy
and utilities too. Some of the key applications
are storage, autonomous grid, failure management,
upstream exploration, energy consumption, load
forecasting, yield optimizing, predictive
maintenance, device management, energy theft.
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- Artificial Intelligence Market Industry OutlookÂ
- Alpiq (Switzerland)
- SmartCloud Inc. (U.S.)
- General electric (U.S.)
- Siemens AG (Germany)
- Hazama Ando Corporation (Japan)
- ATOS SE (France)
- AppOrchid Inc. (U.S)
- Zen Robotics Ltd.
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Artificial Intelligence Market In Energy
Utilities - Forecast(2021 - 2026) Learn More
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Report/17916/artificial-intelligence-market-in-ene
rgy-utilities.html
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- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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Reddy Contact (1) 970-236-3677 Email
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Contact (1) 970-236-3677
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