Artificial Intelligence in Energy Market Forecast 2024
The emerging trends of the AI in energy market vary across different regions. In 2018, North America was at the forefront of the market, with huge market concentration in the U.S. During the forecast period, the Asia-Pacific region is expected to flourish as one of the most lucrative markets for AI in energy. Rising demand for decentralized power generation drive the growth of global AI in energy market.
The emerging trends of the AI in energy market vary across different regions. In 2018, North America was at the forefront of the market, with huge market concentration in the U.S. During the forecast period, the Asia-Pacific region is expected to flourish as one of the most lucrative markets for AI in energy. Rising demand for decentralized power generation drive the growth of global AI in energy market.
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Research Scope & BIS Methodology
Data Triangulation
The process of market engineering involves calculation of the market statistics, market size estimation, market forecast,
market crackdown, and data triangulation (the methodology for these quantitative data processes is explained in the
further sections). An extensive primary research study was undertaken to gather information, and authenticate the
critical numbers arrived through segmentation types, industry trends, and key players of each type of solutions in the
market.
Figure 2: Data Triangulation
The following figure exhibits the key secondary data sources considered:
Information Sourced
• Key Players
• Competitive Landscape
• Opportunities/Challenges
• Market Size and Market Share (2018-2024)
• Macro-Economic Factors
• Market Estimates
• Regional Analysis
Information Sourced
DATA
TRIANGULATION
Primary Sources
Secondary Sources
Primary Sources
Secondary Sources
• Energy Management and Automation
Companies
• IT Companies
• Oil & Gas Companies
• Power Utilities
• Energy Associations
• Research Organizations
• SEC Filings
• Investor Presentations
• Journals
• Press Releases
• Paid & Unpaid Databases
• IRENA
• United States Department of Energy Reports
• Research Articles
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