The AI In Energy Global Market Report 2023, provides comprehensive information on the AI In Energy market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The AI In Energy Market’s Growth:
https://www.thebusinessresearchcompany.com/report/ai-in-energy-global-market-report
As per The Business Research Company’s AI In Energy Global Market Report 2023, the global AI in energy market size is expected to grow from $4.27 billion in 2022 to $5.23 billion in 2023 at a compound annual growth rate (CAGR) of 22.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of AI in energy market is expected to reach $11.15 billion in 2027 at a CAGR of 20.8%.
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The AI in energy market is segmented:
1) By Offering: Support Services, Hardware, AI-As-A-Service, Software
2) By Deployment: On-Premise, Cloud
3) By Application: Demand Response Management, Fleet And Asset Management, Renewable Energy Management, Precision Drilling, Demand forecasting, Infrastructure Management, Other Applications
4) By End User: Energy Transmission, Energy Generation, Energy Distribution, Utilities, Other End Users
North America was the largest region in the AI In Energy market in 2022.
The table of contents in TBRC’s AI in energy market report includes:
1. Executive Summary
2. AI In Energy Market Characteristics
3. AI In Energy Market Trends And Strategies
4. AI In Energy Market - Macro Economic Scenario
5. AI In Energy Market Size And Growth
….........
26. Africa AI In Energy Market
27. AI In Energy Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The AI In Energy Market
29. AI In Energy Market Future Outlook and Potential Analysis
30. Appendix
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AI utilizes advanced algorithms and stacks of data accumulated from the source to provide systems and machines with the ability to perceive, think, calculate, and analyze information similar to a human brain.
The technology is enabling decentralized communication and co-ordination, by building the infrastructure to allow peers to safely, cheaply, and quickly connect with machines embedded with algorithms to act efficiently without invention.Read Report Overview: https://bisresearch.com/industry-report/artificial-intelligence-energy-market.htmlThe oil & gas industry operates in a volatile environment.
With the stabilizing prices since 2016, the oil & gas industry has moved toward increasing investments in emerging digital technologies such as AI.
Similarly, the adoption of AI technology in the power industry has risen in the past three to four years, resulting in a consequent increase in productivity and sustainability.
The shift toward the use of AI in the power industry has been widely encouraged due to the increasing demand for energy conservation by remote monitoring and increasing the energy efficiency of the overall operating system.Precision drilling is one of the prominent applications of artificial intelligence in the oil & gas industry for the identification of accurate drilling spots.
With the advent of AI technology for guiding the drill on the ocean floor, the risks associated with drilling activities are reduced.
