Groowe Groowe BETA / Newsroom
⏱ News is delayed by 15 minutes. Sign in for real-time access. Sign in

AI in Energy and Power Global Opportunities and Strategy Report 2025: Market to Surpass $40 Billion by 2034, Driven by Enhancing Efficiency and Optimization, Especially in ML and Demand Forecasting

globenewswire.com
NVDA NVIDIA is identified as the leading player in the AI in Energy and Power market, which is experiencing significant growth. This positions the company favorably for future expansion and revenue generation in this sector. ET While the article discusses the AI in Energy and Power market, Energy Transfer LP is not explicitly mentioned or analyzed in relation to its specific performance or outlook within this context. Its involvement or impact remains unclear from the provided text. SNV The article mentions Schneider Electric SE, which is a European company. Sensient Technologies Corporation is a US-based company, but it is not mentioned in the article, and its relevance to the AI in Energy and Power market discussed is not specified.

Dublin, Jan. 06, 2026 (GLOBE NEWSWIRE) -- The "Artificial Intelligence (AI) in Energy and Power Global Market Opportunities and Strategies to 2034" has been added to ResearchAndMarkets.com's offering.

The global artificial intelligence (AI) in energy and power market is projected for significant growth through both the historic period of 2019-2024 and the forecasted periods up to 2034. The market valued nearly $5.23 billion in 2024, has seen an impressive compound annual growth rate (CAGR) of 24.11% since 2019. Future projections indicate the market will expand from $5.23 billion in 2024 to $14.9 billion in 2029, maintaining a growth rate of 23.26%, and continue to $40.68 billion by 2034 at a CAGR of 22.24%.

This progression is primarily driven by increased investments in digital transformation and a growing focus on energy efficiency and optimization. Moreover, the proliferation of smart grids and smart meters, along with a shift towards renewable energy sources, is expected to fuel market growth. However, challenges such as high implementation costs and interoperability issues may pose obstacles, alongside the impacts of global trade tensions.

Regionally, Asia Pacific dominated the market in 2024, contributing 35.94% of the total, equating to $1.88 billion. The region is predicted to remain a growth leader, with anticipated CAGRs of 26.20%, followed by robust growth prospects in the Middle East. These dynamic regional markets surpass Africa and South America, which are expected to grow at CAGRs of 23.45% and 22.85%, respectively.

The market's competitive landscape is fragmented, with NVIDIA Corporation leading the ten key players, holding just 1.95% of the market share in 2024. Siemens Energy and Schneider Electric SE, amongst others, contribute to this diverse competitive array.

Technology-wise, machine learning represents the largest segment, accounting for 44.89% or $2.35 billion of the market in 2024. Observations suggest a robust increase in the other technologies segment. Application-wise, demand forecasting stands out at 25.29% of the total market, as it is anticipated to progress with the highest CAGR of 25.79% through 2029.

Within end-user segmentation, the commercial and industrial market dominates at 73.67% or $3.85 billion in 2024, showcasing the fastest growth trajectory at 24.01% CAGR. Notably, significant opportunities lie in machine learning and demand forecasting segments, poised to elevate annual sales significantly by 2029.

Market strategies highlight the integration of AI into smart grid systems for enhanced operations, optimizing renewable energy management, and deploying AI-powered predictive maintenance for asset longevity. Companies are advised to focus on expanding real-time AI applications, advancing predictive maintenance, enhancing customer engagement through AI, and exploring the dynamic growth of other technologies.

Overall, enhancing operational capabilities through strategic partnerships and expanding presence in emerging markets remain key strategies for players in the AI in energy and power market.

Key Attributes:

Report Chapters:

Markets Covered:

Companies Featured

For more information about this report visit https://www.researchandmarkets.com/r/czdniv

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment