The generative AI in energy market is forecasted to grow by USD 2,915.5 mn during 2024-2029, accelerating at a CAGR of 32.1% during the forecast period. The report on the generative AI in energy market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by imperative to manage the unprecedented complexity of the global energy transition, increasing need for enhanced operational efficiency and asset performance management, and rapid advancement and accessibility of foundational AI models and cloud infrastructure.
Market Scope
Base Year
2025
End Year
2029
Series Year
2025-2029
Growth Momentum
Accelerate
YOY 2025
29.3%
CAGR
32.1%
Incremental Value
$2,915.5 mn
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's generative AI in energy market is segmented as below:
By Component
Solutions
Services
By Application
Renewable energy output forecasting
Grid management and optimization
Demand forecasting
Energy trading and pricing
Others
By End-user
Energy generation
Utilities
Energy transmission
Energy distribution
Others
By Geographical Landscape
APAC
North America
Europe
South America
Middle East and Africa
This study identifies the strategic shift towards domain-specific and fine-tuned generative AI solutions as one of the prime reasons driving the generative AI in energy market growth during the next few years. Also, evolution of industrial digital twins into generative, predictive simulators and proliferation of AI copilots and intelligent assistants across the energy value chain will lead to sizable demand in the market.
The report on the generative AI in energy market covers the following areas:
Generative AI In Energy Market sizing
Generative AI In Energy Market forecast
Generative AI In Energy Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading generative AI in energy market vendors that include ABB Ltd., Accenture PLC, BIDGELY INC., C3.ai Inc., Enel Spa, Fluence Energy LLC, General Electric Co., GridX Inc., Honeywell International Inc., International Business Machines Corp., Microsoft Corp., Oracle Corp., Schneider Electric SE, Siemens AG, SparkCognition Inc., Stem Inc., and Uptake Technologies Inc.. Also, the generative AI in energy market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Component
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Global - Market size and forecast 2024-2029 ($ million)
Data Table on Global - Market size and forecast 2024-2029 ($ million)
Chart on Global Market: Year-over-year growth 2024-2029 (%)
Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
5.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
6 Market Segmentation by Component
6.1 Market segments
Chart on Component - Market share 2024-2029 (%)
Data Table on Component - Market share 2024-2029 (%)
6.2 Comparison by Component
Chart on Comparison by Component
Data Table on Comparison by Component
6.3 Solutions - Market size and forecast 2024-2029
Chart on Solutions - Market size and forecast 2024-2029 ($ million)
Data Table on Solutions - Market size and forecast 2024-2029 ($ million)
Chart on Solutions - Year-over-year growth 2024-2029 (%)
Data Table on Solutions - Year-over-year growth 2024-2029 (%)
6.4 Services - Market size and forecast 2024-2029
Chart on Services - Market size and forecast 2024-2029 ($ million)
Data Table on Services - Market size and forecast 2024-2029 ($ million)
Chart on Services - Year-over-year growth 2024-2029 (%)
Data Table on Services - Year-over-year growth 2024-2029 (%)
6.5 Market opportunity by Component
Market opportunity by Component ($ million)
Data Table on Market opportunity by Component ($ million)
7 Market Segmentation by Application
7.1 Market segments
Chart on Application - Market share 2024-2029 (%)
Data Table on Application - Market share 2024-2029 (%)
7.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
7.3 Renewable energy output forecasting - Market size and forecast 2024-2029
Chart on Renewable energy output forecasting - Market size and forecast 2024-2029 ($ million)
Data Table on Renewable energy output forecasting - Market size and forecast 2024-2029 ($ million)
Chart on Renewable energy output forecasting - Year-over-year growth 2024-2029 (%)
Data Table on Renewable energy output forecasting - Year-over-year growth 2024-2029 (%)
7.4 Grid management and optimization - Market size and forecast 2024-2029
Chart on Grid management and optimization - Market size and forecast 2024-2029 ($ million)
Data Table on Grid management and optimization - Market size and forecast 2024-2029 ($ million)
Chart on Grid management and optimization - Year-over-year growth 2024-2029 (%)
Data Table on Grid management and optimization - Year-over-year growth 2024-2029 (%)
7.5 Demand forecasting - Market size and forecast 2024-2029
Chart on Demand forecasting - Market size and forecast 2024-2029 ($ million)
Data Table on Demand forecasting - Market size and forecast 2024-2029 ($ million)
Chart on Demand forecasting - Year-over-year growth 2024-2029 (%)
Data Table on Demand forecasting - Year-over-year growth 2024-2029 (%)
7.6 Energy trading and pricing - Market size and forecast 2024-2029
Chart on Energy trading and pricing - Market size and forecast 2024-2029 ($ million)
Data Table on Energy trading and pricing - Market size and forecast 2024-2029 ($ million)
Chart on Energy trading and pricing - Year-over-year growth 2024-2029 (%)
Data Table on Energy trading and pricing - Year-over-year growth 2024-2029 (%)
7.7 Others - Market size and forecast 2024-2029
Chart on Others - Market size and forecast 2024-2029 ($ million)
Data Table on Others - Market size and forecast 2024-2029 ($ million)
Chart on Others - Year-over-year growth 2024-2029 (%)
Data Table on Others - Year-over-year growth 2024-2029 (%)
7.8 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
8 Market Segmentation by End-user
8.1 Market segments
Chart on End-user - Market share 2024-2029 (%)
Data Table on End-user - Market share 2024-2029 (%)
8.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
8.3 Energy generation - Market size and forecast 2024-2029
Chart on Energy generation - Market size and forecast 2024-2029 ($ million)
Data Table on Energy generation - Market size and forecast 2024-2029 ($ million)
Chart on Energy generation - Year-over-year growth 2024-2029 (%)
Data Table on Energy generation - Year-over-year growth 2024-2029 (%)
8.4 Utilities - Market size and forecast 2024-2029
Chart on Utilities - Market size and forecast 2024-2029 ($ million)
Data Table on Utilities - Market size and forecast 2024-2029 ($ million)
Chart on Utilities - Year-over-year growth 2024-2029 (%)
Data Table on Utilities - Year-over-year growth 2024-2029 (%)
8.5 Energy transmission - Market size and forecast 2024-2029
Chart on Energy transmission - Market size and forecast 2024-2029 ($ million)
Data Table on Energy transmission - Market size and forecast 2024-2029 ($ million)
Chart on Energy transmission - Year-over-year growth 2024-2029 (%)
Data Table on Energy transmission - Year-over-year growth 2024-2029 (%)
8.6 Energy distribution - Market size and forecast 2024-2029
Chart on Energy distribution - Market size and forecast 2024-2029 ($ million)
Data Table on Energy distribution - Market size and forecast 2024-2029 ($ million)
Chart on Energy distribution - Year-over-year growth 2024-2029 (%)
Data Table on Energy distribution - Year-over-year growth 2024-2029 (%)
8.7 Others - Market size and forecast 2024-2029
Chart on Others - Market size and forecast 2024-2029 ($ million)
Data Table on Others - Market size and forecast 2024-2029 ($ million)
Chart on Others - Year-over-year growth 2024-2029 (%)
Data Table on Others - Year-over-year growth 2024-2029 (%)
8.8 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
9 Customer Landscape
9.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Geographic Landscape
10.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2024-2029 (%)
Data Table on Market share By Geographical Landscape 2024-2029 (%)
10.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
10.3 APAC - Market size and forecast 2024-2029
Chart on APAC - Market size and forecast 2024-2029 ($ million)
Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Chart on APAC - Year-over-year growth 2024-2029 (%)
Data Table on APAC - Year-over-year growth 2024-2029 (%)
10.4 North America - Market size and forecast 2024-2029
Chart on North America - Market size and forecast 2024-2029 ($ million)
Data Table on North America - Market size and forecast 2024-2029 ($ million)
Chart on North America - Year-over-year growth 2024-2029 (%)
Data Table on North America - Year-over-year growth 2024-2029 (%)
10.5 Europe - Market size and forecast 2024-2029
Chart on Europe - Market size and forecast 2024-2029 ($ million)
Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Chart on Europe - Year-over-year growth 2024-2029 (%)
Data Table on Europe - Year-over-year growth 2024-2029 (%)
10.6 South America - Market size and forecast 2024-2029
Chart on South America - Market size and forecast 2024-2029 ($ million)
Data Table on South America - Market size and forecast 2024-2029 ($ million)
Chart on South America - Year-over-year growth 2024-2029 (%)
Data Table on South America - Year-over-year growth 2024-2029 (%)
10.7 Middle East and Africa - Market size and forecast 2024-2029
Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
10.8 US - Market size and forecast 2024-2029
Chart on US - Market size and forecast 2024-2029 ($ million)
Data Table on US - Market size and forecast 2024-2029 ($ million)
Chart on US - Year-over-year growth 2024-2029 (%)
Data Table on US - Year-over-year growth 2024-2029 (%)
10.9 China - Market size and forecast 2024-2029
Chart on China - Market size and forecast 2024-2029 ($ million)
Data Table on China - Market size and forecast 2024-2029 ($ million)
Chart on China - Year-over-year growth 2024-2029 (%)
Data Table on China - Year-over-year growth 2024-2029 (%)
10.10 India - Market size and forecast 2024-2029
Chart on India - Market size and forecast 2024-2029 ($ million)
Data Table on India - Market size and forecast 2024-2029 ($ million)
Chart on India - Year-over-year growth 2024-2029 (%)
Data Table on India - Year-over-year growth 2024-2029 (%)
10.11 Japan - Market size and forecast 2024-2029
Chart on Japan - Market size and forecast 2024-2029 ($ million)
Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Chart on Japan - Year-over-year growth 2024-2029 (%)
Data Table on Japan - Year-over-year growth 2024-2029 (%)
10.12 South Korea - Market size and forecast 2024-2029
Chart on South Korea - Market size and forecast 2024-2029 ($ million)
Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
Chart on South Korea - Year-over-year growth 2024-2029 (%)
Data Table on South Korea - Year-over-year growth 2024-2029 (%)
10.13 Germany - Market size and forecast 2024-2029
Chart on Germany - Market size and forecast 2024-2029 ($ million)
Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Chart on Germany - Year-over-year growth 2024-2029 (%)
Data Table on Germany - Year-over-year growth 2024-2029 (%)
10.14 Canada - Market size and forecast 2024-2029
Chart on Canada - Market size and forecast 2024-2029 ($ million)
Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Chart on Canada - Year-over-year growth 2024-2029 (%)
Data Table on Canada - Year-over-year growth 2024-2029 (%)
10.15 UK - Market size and forecast 2024-2029
Chart on UK - Market size and forecast 2024-2029 ($ million)
Data Table on UK - Market size and forecast 2024-2029 ($ million)
Chart on UK - Year-over-year growth 2024-2029 (%)
Data Table on UK - Year-over-year growth 2024-2029 (%)
10.16 Brazil - Market size and forecast 2024-2029
Chart on Brazil - Market size and forecast 2024-2029 ($ million)
Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
Chart on Brazil - Year-over-year growth 2024-2029 (%)
Data Table on Brazil - Year-over-year growth 2024-2029 (%)
10.17 France - Market size and forecast 2024-2029
Chart on France - Market size and forecast 2024-2029 ($ million)
Data Table on France - Market size and forecast 2024-2029 ($ million)
Chart on France - Year-over-year growth 2024-2029 (%)
Data Table on France - Year-over-year growth 2024-2029 (%)
10.18 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
11 Drivers, Challenges, and Opportunity/Restraints
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
11.4 Market opportunities/restraints
12 Competitive Landscape
12.1 Overview
12.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
Overview on factors of disruption
12.4 Industry risks
Impact of key risks on business
13 Competitive Analysis
13.1 Companies profiled
Companies covered
13.2 Company ranking index
Company ranking index
13.3 Market positioning of companies
Matrix on companies position and classification
13.4 ABB Ltd.
ABB Ltd. - Overview
ABB Ltd. - Business segments
ABB Ltd. - Key news
ABB Ltd. - Key offerings
ABB Ltd. - Segment focus
SWOT
13.5 Accenture PLC
Accenture PLC - Overview
Accenture PLC - Business segments
Accenture PLC - Key news
Accenture PLC - Key offerings
Accenture PLC - Segment focus
SWOT
13.6 BIDGELY INC.
BIDGELY INC. - Overview
BIDGELY INC. - Product / Service
BIDGELY INC. - Key offerings
SWOT
13.7 C3.ai Inc.
C3.ai Inc. - Overview
C3.ai Inc. - Product / Service
C3.ai Inc. - Key news
C3.ai Inc. - Key offerings
SWOT
13.8 Enel Spa
Enel Spa - Overview
Enel Spa - Product / Service
Enel Spa - Key news
Enel Spa - Key offerings
SWOT
13.9 General Electric Co.
General Electric Co. - Overview
General Electric Co. - Business segments
General Electric Co. - Key news
General Electric Co. - Key offerings
General Electric Co. - Segment focus
SWOT
13.10 GridX Inc.
GridX Inc. - Overview
GridX Inc. - Product / Service
GridX Inc. - Key offerings
SWOT
13.11 Honeywell International Inc.
Honeywell International Inc. - Overview
Honeywell International Inc. - Business segments
Honeywell International Inc. - Key news
Honeywell International Inc. - Key offerings
Honeywell International Inc. - Segment focus
SWOT
13.12 International Business Machines Corp.
International Business Machines Corp. - Overview
International Business Machines Corp. - Business segments
International Business Machines Corp. - Key news
International Business Machines Corp. - Key offerings
International Business Machines Corp. - Segment focus
SWOT
13.13 Microsoft Corp.
Microsoft Corp. - Overview
Microsoft Corp. - Business segments
Microsoft Corp. - Key news
Microsoft Corp. - Key offerings
Microsoft Corp. - Segment focus
SWOT
13.14 Oracle Corp.
Oracle Corp. - Overview
Oracle Corp. - Business segments
Oracle Corp. - Key news
Oracle Corp. - Key offerings
Oracle Corp. - Segment focus
SWOT
13.15 Schneider Electric SE
Schneider Electric SE - Overview
Schneider Electric SE - Business segments
Schneider Electric SE - Key offerings
Schneider Electric SE - Segment focus
SWOT
13.16 Siemens AG
Siemens AG - Overview
Siemens AG - Business segments
Siemens AG - Key news
Siemens AG - Key offerings
Siemens AG - Segment focus
SWOT
13.17 SparkCognition Inc.
SparkCognition Inc. - Overview
SparkCognition Inc. - Product / Service
SparkCognition Inc. - Key offerings
SWOT
13.18 Uptake Technologies Inc.
Uptake Technologies Inc. - Overview
Uptake Technologies Inc. - Product / Service
Uptake Technologies Inc. - Key offerings
SWOT
14 Appendix
14.1 Scope of the report
14.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
14.3 Currency conversion rates for US$
Currency conversion rates for US$
14.4 Research methodology
Research methodology
14.5 Data procurement
Information sources
14.6 Data validation
Data validation
14.7 Validation techniques employed for market sizing