Global artificial intelligence in energy market is anticipated to grow at a CAGR of 14.5% during the forecast period. Smart consumption tools powered by AI have changed how consumers use and save energy. With the formation of decentralized power grids, it’s possible to balance the energy inputs and outputs using the previously collected data. Deep learning AI algorithms have a larger predictive capacity than all industry specialists combined. Forecasting, in this sense, can take various forms, ranging from predicting demand and price trends to identifying potential growth areas. AI can facilitate the integration of renewable energy into power systems to create hybrid, low-carbon energy systems. Thus, the shift to renewables can occur at a much faster rate with the use of AI. According to the International Energy Agency (IEA), in July 2023, the share of final energy consumption is projected to rise from 20.0% to over 50.0% by 2050 in the net zero emissions by 2050. Scenario as electricity demand increases rapidly to decarbonize end-use sectors.
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/artificial-intelligence-in-energy-market
To improve the intelligence level of the mining industry by expanding the depth and breadth of AI applications in different scenarios and continually using AI to deliver more automation and achieve greater efficiency. For instance, in July 2023, Shandong Energy Group Co. Ltd., Huawei Technologies Co., Ltd., and Yunding Technology launched the Pangu Mine Model, the first commercial large AI model for the energy sector. The aim of the model is to enhance the application of AI in the mining industry and transform workshop-scale AI model development into factory-scale development.
Various new solutions enable service providers to reduce OPEX and CO2 emissions from their networks while maximizing site availability. For instance, in February 2020, Ericsson launched AI-powered Energy Infrastructure Operations, a new energy management solution that leverages artificial intelligence and advanced data analytics to optimize energy consumption across network infrastructure for communications service providers.
AI-powered smart home systems can adapt to individual habits, such as adjusting lighting and temperature, optimizing energy usage, and anticipating the occupants' needs. For instance, in May 2023, Powerverse launched an AI-powered platform for homeowners. Adopting new low-carbon technologies such as EV chargers, solar panels, heat pumps, and smart appliances is “time-intensive, confusing, and highly inconvenient, hampering the consumer-driven shift to a low-carbon, low-cost energy future.
Global Artificial Intelligence in Energy Market Report Segment
By Component Type
- Solutions
- Services
By Deployment Type
- On-premise
- Cloud
By Application
- Energy Transmission
- Energy Generation
- Energy Distribution
- Others (Utilities)
By End-Users
- Robotics
- Renewables Management
- Demand Forecasting
- Safety and Security
- Others (Infrastructure)
A full report of Artificial Intelligence in Energy Market available @ https://www.omrglobal.com/industry-reports/artificial-intelligence-in-energy-market
Artificial Intelligence in Energy Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
· AES Corp.
· Alpiq Holding AG
· AppOrchid Inc.
· ATOS SE
· Baker Hughes Company
· C3.ai, Inc.
· Duke Energy Corp.
· Électricité de France S.A.
· General Electric
· Iberdrola SA
· NextEra Energy, Inc
· Nvidia Corp.
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
Visit more report at
https://www.linkedin.com/pulse/scaffold-technology-market-size-trends-latest-arti-vishwakarma-mlsof/