Industry Overview
AI in Renewable Energy Market was valued at $16.4 billion in 2024 and is anticipated to grow at a CAGR of 25.9% during the forecast period (2025-2035). This expansion is driven by the increasing deployment of renewable energy sources, including solar, wind, and hydro, as well as the urgent need for intelligent systems to manage their intermittent nature. AI is becoming a significant tool in maximizing energy generation, enhancing grid stability, predicting energy demand, and lowering operational costs for clean energy suppliers.
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Recent Developments
- In November 2024, the UK government funded £2 million ($2.5 million) to AI solutions that can help bring a clean, secure energy future for the nation. Innovators are focusing on crafting solutions for decarbonizing the energy grid and increasing the UK’s energy security.
- In November 2024, during the United Nations Climate Change Conference of the Parties, Sustainable Energy for ALL and IMB worked together and introduced publicly accessible artificial intelligence-driven solutions for the sustainable urbanization of cities and communities internationally. This urges policymakers and decision-makers to plan urbanization and determine the energy and infrastructure needs of the communities within developing nations.
Some of the Key Companies in the AI in Renewable Energy Market include-
- Alpiq Holding Ltd.
- App Orchid Inc.
- Atos SE
- AutoGrid Systems, Inc.
- Beyond Limits Inc.
- DeepMind Technologies Ltd.
- Enel S.p.A.
- Enphase Energy, Inc.
- General Electric Company
- Energy
- Origami Energy
- QiO Technologies LTD
- Siemens Gamesa Renewable Energy S.A.
- Solarad AI Private Ltd.
- Stem, Inc.
- Vestas Wind System A/S
AI in Renewable Energy Market Segmentation Analysis
Global AI in Renewable Energy Market by Deployment Type
- On-premises
- Cloud
Global AI in Renewable Energy Market by End-User
- Utilities
- Residential
- Commercial or Industrial
Global AI in Renewable Energy Market by Application
- Demand Forecasting
- Safety and Security
- Predictive Maintenance
- Others (Energy Storage, Operational Efficiency, and Optimization)
Global AI in Renewable Energy Market by Energy Type
- Solar Energy
- Wind Energy
- Hydroelectric Energy
- Others (Geothermal Energy, Bioenergy, and Ocean Energy)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- ASEAN Economies (Singapore, Thailand, Vietnam, Indonesia, and Other)
- Australia and New Zealand
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East and Africa
Anurag Tiwari
Director Sales Division
+91 780-304-0404
info@omrglobal.com
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