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Artificial Intelligence in Energy Market Size, Share, Regional Trend, Future Growth, Leading Players Updates, Industry Demand, Current and Future Plans by Forecast 2021 to 2028

7Newswire

The global Artificial Intelligence in energy market is expected to reach a market size of USD 20.83 Billion at a steady CAGR of 23.6% in 2028, according to latest analysis by Emergen Research. This steady revenue growth can be attributed to increasing need to obtain operational efficiency to meet energy requirements. Digitalization of the energy sector is contributing to increasing demand for Artificial Intelligence in energy systems.

Adoption of Artificial Intelligence solutions among oilfield services providers and operators has been increasing and is driving deployment of Artificial Intelligence solutions in oil & gas industries. Rising need to identify improper threading in pipelines or defects in error-prone mechanisms is driving utilization of Artificial Intelligence-powered defect detection solutions in oil & gas industries. Oil & gas industries are deploying AI-powered computer-vision solution to monitor the worksite in order to ensure workers are following safety procedures without any deviations. Moreover, the rising need to reduce production and maintenance costs in oil & gas industries is resulting in increasing utilization of AI solutions.

The all-encompassing research weighs up on various aspects including but not limited to important industry definition, product applications, and product types. The pro-active approach towards analysis of investment feasibility, significant return on investment, supply chain management, import and export status, consumption volume and end-use offers more value to the overall statistics on the Artificial Intelligence in Energy market. All factors that help business owners identify the next leg for growth are presented through self-explanatory resources such as charts, tables, and graphic images.

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Market Scope:

One of the report’s central components is the broad Artificial Intelligence in Energy market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Artificial Intelligence in Energy market players.

Leading Players Profiled in the Report:

  • Accenture PLC, Amazon Web Services, Inc., AutoGrid Systems, Inc, Cisco Systems Inc., C3 IoT, Inc., General Electric, HCL Technologies Ltd., Huawei Technologies Co., Ltd., IBM Corporation, and Intel Corporation.

Emergen Research has segmented the global Artificial Intelligence in energy market on the basis of product offering, industry stream, application, and region:

    Product offering Outlook (Revenue, USD Billion; 2021–2028)

  • Support Services
  • Hardware
  • AI-as-a-Service
  • Software

    Industry stream Outlook (Revenue, USD Billion; 2021–2028)

  • Power Industry (Generation, Transmission, Distribution)
  • Oil & Gas Industry (Upstream, Midstream, Downstream)

    Application Outlook (Revenue, USD Billion; 2021–2028)

  • Demand Response Management
  • Fleet & asset Management
  • Renewable Energy Management
  • Precision Drilling
  • Demand forecasting
  • Infrastructure Management
  • Others

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For more credibility, the intelligence report provides valuable data on key driving forces, prominent players, emerging trends, gross margin, customer preference and profit across various regions for the forecast period, 2021-2028. To help product owners design a robust plan the study takes a closer look at the product pricing, technology innovation, key competitors, product launches, product pipeline and major driving forces.

Key geographical areas:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key questions addressed in the report:

  • What are the key factors driving the global Artificial Intelligence in Energy market?
  • Who are the key manufacturers in this market space?
  • Who are the distributors, traders and dealers of this market?
  • What are the market opportunities and risks affecting the performance of the vendors in the global Artificial Intelligence in Energy market?
  • What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?

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Highlights of the TOC: 

  1. Report Overview 
    1.1 Research Scope
    1.2 Key Artificial Intelligence in Energy market segments
    1.3 Major players
    1.4 Market analysis by product
    1.5 Market analysis by application
    1.6 Report timeline
  2. Global Growth Trends 
    2.1 Global Artificial Intelligence in Energy market size
    2.2 Latest Artificial Intelligence in Energy market trends
    2.3 Key growth trends
  3. Competitive Landscape 
    3.1 Global Artificial Intelligence in Energy market key players
    3.2 Global Artificial Intelligence in Energy size by manufacturers
    3.3 Products of major players
    3.4 Entry barriers in the Artificial Intelligence in Energy market
    3.5 Mergers, acquisitions, joint ventures, and strategic alliances

Thank you for reading our report. To find more details on the report or to inquire about its customization, please let us know, and we will offer you the report as per your needs.

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