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| ![]() AI in Energy Market Size to Reach USD 77.25 Billion in 2032The AI in energy market was valued at USD 8.34 Billion in 2024 and is expected to register a revenue CAGR of 32.8%.
However, the lack of skilled professionals poses a significant challenge to the revenue growth of AI in the energy market. As industries increasingly adopt AI-driven solutions, the demand for AI and machine learning specialists has surged, leading to a talent shortage. In June 2022, there were only 22,000 AI specialists available globally across various industries, with 61% of large companies in the U.S. and U.K. reporting a shortage of AI-experienced staff. Segments Market Overview And Growth Insights: Based on the component, the AI in energy market is segmented into solutions and services. Solution segment is further sub-segmented into AI platforms, AI analytics tools, and others. The solution segment held the largest market share in 2024 due to the widespread adoption of AI-powered technologies to enhance energy efficiency and operational reliability. Energy companies are increasingly investing in AI solutions such as predictive maintenance, demand forecasting, smart grid automation, and cybersecurity. In December 2024, Schneider Electric expanded its portfolio of AI-ready data center solutions with innovations designed to address critical energy and sustainability challenges arising from the increasing demand for AI systems. Regional Market Overview and Growth Insights: North America held the largest revenue share in 2024 due to the rising investments in digital transformation, sustainability initiatives, and energy efficiency, particularly in the U.S. and Canada. In April 2024, the U.S. Department of Energy (DOE) launched the USD 13 million VoltAIc initiative to accelerate the siting and permitting of critical clean energy infrastructure. Competitive Landscape and Key Competitors List of major players included in the market report are: Siemens Energy, General Electric, Schneider Electric, ABB Group, Atos SE, Iberdrola, DeepMind (Google), Stem Inc., AppOrchid Inc., Green Factory AI, C3.ai Inc., Uplight Inc., On.Energy, Energy X, and Others. Get a preview of the complete research study: https://navistratanalytics.com/ End
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