Dublin, Aug. 26, 2025 (GLOBE NEWSWIRE) -- The "Generative AI In Energy Global Market Report 2025" has been added to ResearchAndMarkets.com's offering.
The generative AI in the energy market has witnessed significant growth, projected to surge from $0.95 billion in 2024 to $2.8 billion in 2029, maintaining a robust CAGR of 24%. This growth is driven by the integration of renewable energy sources, advancements in demand forecasting, energy storage innovations, and heightened focus on grid management and customer engagement.
Despite a nominal reduction of 0.2% in growth projections due to international tariffs on GPUs and cloud infrastructure, the sector remains resilient. These tariffs could challenge the scalability and cost-effectiveness of AI applications in energy forecasting and predictive maintenance, yet the push for solar electricity generation provides a counterbalance. Solar power is increasingly popular due to declining technology costs and environmental benefits, significantly bolstering the market. For instance, the U.S. Energy Information Administration anticipated that solar would contribute to over half of new U.S. power capacity in 2023, with renewables expected to rise globally from 29% in 2022 to 35% by 2025.
Key industry players, such as Databricks Inc., are pioneering innovative solutions like real-time asset performance management to optimize energy infrastructure. Databricks' platform, for example, delivers a unified data intelligence system for enhanced decision-making in energy distribution and renewable forecasting. Similarly, Snowflake Inc.'s acquisition of Myst AI Inc. aims to bolster its offerings with machine learning capabilities tailored for energy analytics.
Generative AI in energy includes employing AI models such as GANs to create synthetic datasets simulating energy processes. These innovations support improved grid stability and energy management strategies, crucial for advancing sector sustainability. The market further encompasses comprehensive solutions addressing demand forecasting, renewable output prediction, and energy trading.
Trade tensions, particularly new U.S. tariffs, influence the utility sector's costs, impacting grid modernization and renewable projects. Companies are responding by prioritizing domestic procurement and digital innovations to mitigate cost escalation while maintaining reliability.
Market leaders like Google LLC, Microsoft Corporation, and Siemens AG, among others, are at the forefront of this rapidly expanding market. In 2024, North America led the market, while Asia-Pacific is expected to grow the fastest moving forward.
Key Benefits of the Report:
- Obtain a comprehensive global perspective with analysis across 15 geographies.
- Examine the influence of macroeconomic factors, including geopolitical conflicts, trade policies, and shifts in regulatory landscapes on the energy market.
- Develop strategic regional and country-specific market approaches.
- Identify and capitalize on growth segments for investment.
- Leverage forecast data to outpace competitors, focused on market drivers and trends.
- Enhance understanding of customer dynamics based on current market shares.
- Benchmark organizational performance against major competitors.
- Utilize the report's reliable data and analysis for both internal and client-facing presentations.
- Receive updates with the latest data, complete with an Excel data sheet for straightforward extraction and analysis.
Scope of the Report
Markets Covered Include:
- By Component: Solutions; Services
- By Application: From Demand Forecasting to Energy Storage Optimization
- By End User: Spanning Energy Transmission, Generation, and Distribution
Major Companies Featured: Google LLC, Microsoft Corporation, Amazon Web Services Inc, Siemens AG, Intel Corporation, and more.
Countries Covered: Includes 15 nations such as Australia, Brazil, China, France, and the USA.
Regions and Time Series: Encompasses analysis of Asia-Pacific, Europe, the Americas, the Middle East, and Africa with five years historical and ten years forecast data.
Data and Analysis: Explore various data points such as market size ratios, growth related to GDP, and expenditure per capita, delivered in PDF, Word, and Excel Data Dashboard formats.
Companies Featured in the Report
- Google LLC
- Microsoft Corporation
- Engie SA
- Enel Green Power S.p.A.
- Huawei Technologies Co. Ltd
- Amazon Web Services Inc
- Siemens AG
- General Electric Company
- Intel Corporation
- International Business Machines Corporation
- Deloitte Touche Tohmatsu Limited
- Cisco Systems Inc
- Schneider Electric SE
- Honeywell International Inc.
- Flex Ltd
- ABB Ltd
- Duke Energy Corporation
- Nvidia Corporation
- Atos SE
- Zen Robotics Ltd
- Freshworks Inc.
- C3 AI Inc
- Databricks Inc
- AppOrchid Inc
- Verdigris Technologies
- Ecube Labs Co. Ltd
- Bidgely Inc
For more information about this report visit https://www.researchandmarkets.com/r/ndbq32
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