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Global Artificial Intelligence in Renewable Energy Market Size Study, by Deployment Type (On Premises, Cloud), by End-Use Industry (Energy Generation, Energy Transmission, Energy Distribution, Utilities), by Component Type (Solution, Service), and Regional Forecasts 2022-2032

July 2024 | 200 pages | ID: GCA6B4180540EN
Bizwit Research & Consulting LLP

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Global Artificial Intelligence in Renewable Energy Market is valued at approximately USD 630 million in 2023 and is anticipated to grow with a healthy growth rate of more than 24.6% over the forecast period 2024-2032. The artificial intelligence (AI) in renewable energy industry encompasses the development of computer systems capable of performing tasks that typically require human intelligence, such as learning, reasoning, problem-solving, and decision-making. AI has significantly advanced across various sectors, including renewable energy, where its applications have the potential to revolutionize the generation, distribution, and consumption of clean energy.

Artificial intelligence plays a critical role in the field of solar energy by enhancing the efficiency of photovoltaic panels through tracking the sun's movement and adjusting the panels' angles accordingly. AI-driven algorithms analyze weather data and predict cloud cover, facilitating better grid integration and energy forecasting. Additionally, AI is utilized for predictive maintenance of solar installations, reducing downtime and maintenance costs. Moreover, advancements in AI and the growing focus on renewable energy sources present significant opportunities for market expansion. AI is essential in optimizing renewable energy production by analyzing historical and real-time data, improving power output by predicting and optimizing solar and wind power generation. However, the high cost associated with AI-driven technologies is going to impede the overall demand for the market during the forecast period 2024-2032.

The key regions considered for the Global Artificial Intelligence in Renewable Energy Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in 2023 due to the early adoption of AI technologies and substantial investments in renewable energy projects. Meanwhile, the Asia Pacific region is expected to grow at the fastest rate during the forecast period, driven by the increasing focus on renewable energy and the rapid adoption of AI technologies within the region.

Major market players included in this report are:

Vestas

App Orchid

Alpiq Holding Ltd.

Origami

Siemens AG

Flex Ltd.

Enphase Energy

Enel Spa

Atos SE

General Electric

The detailed segments and sub-segment of the market are explained below:

By Deployment Type:
  • On Premises
  • Cloud
By End-Use Industry:
  • Energy Generation
  • Energy Transmission
  • Energy Distribution
  • Utilities
By Component Type:
  • Solution
  • Service
By Region:

North America
  • U.S.
  • Canada
Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE
Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC
Latin America
  • Brazil
  • Mexico
Middle East & Africa
  • Saudi Arabia
  • South Africa
  • RoMEA
Years considered for the study are as follows:
  • Historical year – 2022
  • Base year – 2023
  • Forecast period – 2024 to 2032
Key Takeaways:
  • Market Estimates & Forecast for 10 years from 2022 to 2032.
  • Annualized revenues and regional level analysis for each market segment.
  • Detailed analysis of geographical landscape with Country level analysis of major regions.
  • Competitive landscape with information on major players in the market.
  • Analysis of key business strategies and recommendations on future market approach.
  • Analysis of competitive structure of the market.
  • Demand side and supply side analysis of the market
CHAPTER 1. GLOBAL ARTIFICIAL INTELLIGENCE IN RENEWABLE ENERGY MARKET EXECUTIVE SUMMARY

1.1. Global Artificial Intelligence in Renewable Energy Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Deployment Type
  1.3.2. By End-Use Industry
  1.3.3. By Component Type
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL ARTIFICIAL INTELLIGENCE IN RENEWABLE ENERGY MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL ARTIFICIAL INTELLIGENCE IN RENEWABLE ENERGY MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Increasing Adoption of Renewable Energy Technologies
  3.1.2. Optimization of Renewable Energy Production
  3.1.3. Predictive Maintenance
3.2. Market Challenges
  3.2.1. High Cost of AI-driven Technologies
3.3. Market Opportunities
  3.3.1. Advancements in AI Technology
  3.3.2. Focus on Renewable Energy Sources

CHAPTER 4. GLOBAL ARTIFICIAL INTELLIGENCE IN RENEWABLE ENERGY MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL ARTIFICIAL INTELLIGENCE IN RENEWABLE ENERGY MARKET SIZE & FORECASTS BY DEPLOYMENT TYPE 2022-2032

5.1. Segment Dashboard
5.2. Global Artificial Intelligence in Renewable Energy Market: Deployment Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
  5.2.1. On Premises
  5.2.2. Cloud

CHAPTER 6. GLOBAL ARTIFICIAL INTELLIGENCE IN RENEWABLE ENERGY MARKET SIZE & FORECASTS BY END-USE INDUSTRY 2022-2032

6.1. Segment Dashboard
6.2. Global Artificial Intelligence in Renewable Energy Market: End-Use Industry Revenue Trend Analysis, 2022 & 2032 (USD Million)
  6.2.1. Energy Generation
  6.2.2. Energy Transmission
  6.2.3. Energy Distribution
  6.2.4. Utilities

CHAPTER 7. GLOBAL ARTIFICIAL INTELLIGENCE IN RENEWABLE ENERGY MARKET SIZE & FORECASTS BY COMPONENT TYPE 2022-2032

7.1. Segment Dashboard
7.2. Global Artificial Intelligence in Renewable Energy Market: Component Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
  7.2.1. Solution
  7.2.2. Service

CHAPTER 8. GLOBAL ARTIFICIAL INTELLIGENCE IN RENEWABLE ENERGY MARKET SIZE & FORECASTS BY REGION 2022-2032

8.1. North America Artificial Intelligence in Renewable Energy Market
  8.1.1. U.S. Artificial Intelligence in Renewable Energy Market
    8.1.1.1. Deployment Type breakdown size & forecasts, 2022-2032
    8.1.1.2. End-Use Industry breakdown size & forecasts, 2022-2032
    8.1.1.3. Component Type breakdown size & forecasts, 2022-2032
  8.1.2. Canada Artificial Intelligence in Renewable Energy Market
8.2. Europe Artificial Intelligence in Renewable Energy Market
  8.2.1. U.K. Artificial Intelligence in Renewable Energy Market
  8.2.2. Germany Artificial Intelligence in Renewable Energy Market
  8.2.3. France Artificial Intelligence in Renewable Energy Market
  8.2.4. Spain Artificial Intelligence in Renewable Energy Market
  8.2.5. Italy Artificial Intelligence in Renewable Energy Market
  8.2.6. Rest of Europe Artificial Intelligence in Renewable Energy Market
8.3. Asia-Pacific Artificial Intelligence in Renewable Energy Market
  8.3.1. China Artificial Intelligence in Renewable Energy Market
  8.3.2. India Artificial Intelligence in Renewable Energy Market
  8.3.3. Japan Artificial Intelligence in Renewable Energy Market
  8.3.4. Australia Artificial Intelligence in Renewable Energy Market
  8.3.5. South Korea Artificial Intelligence in Renewable Energy Market
  8.3.6. Rest of Asia Pacific Artificial Intelligence in Renewable Energy Market
8.4. Latin America Artificial Intelligence in Renewable Energy Market
  8.4.1. Brazil Artificial Intelligence in Renewable Energy Market
  8.4.2. Mexico Artificial Intelligence in Renewable Energy Market
  8.4.3. Rest of Latin America Artificial Intelligence in Renewable Energy Market
8.5. Middle East & Africa Artificial Intelligence in Renewable Energy Market
  8.5.1. Saudi Arabia Artificial Intelligence in Renewable Energy Market
  8.5.2. South Africa Artificial Intelligence in Renewable Energy Market
  8.5.3. Rest of Middle East & Africa Artificial Intelligence in Renewable Energy Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Vestas
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Market Strategies
  9.3.2. Siemens AG
  9.3.3. General Electric
  9.3.4. App Orchid
  9.3.5. Alpiq Holding Ltd.
  9.3.6. Origami
  9.3.7. Flex Ltd.
  9.3.8. Enphase Energy
  9.3.9. Enel Spa
  9.3.10. Atos SE

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Artificial Intelligence in Renewable Energy market, report scope
TABLE 2. Global Artificial Intelligence in Renewable Energy market estimates & forecasts by Region 2022-2032 (USD Million)
TABLE 3. Global Artificial Intelligence in Renewable Energy market estimates & forecasts by Deployment Type 2022-2032 (USD Million)
TABLE 4. Global Artificial Intelligence in Renewable Energy market estimates & forecasts by End-Use Industry 2022-2032 (USD Million)
TABLE 5. Global Artificial Intelligence in Renewable Energy market estimates & forecasts by Component Type 2022-2032 (USD Million)
TABLE 6. Global Artificial Intelligence in Renewable Energy market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 7. Global Artificial Intelligence in Renewable Energy market by region, estimates & forecasts, 2022-2032 (USD Million)
TABLE 8. U.S. Artificial Intelligence in Renewable Energy market estimates & forecasts, 2022-2032 (USD Million)
TABLE 9. Canada Artificial Intelligence in Renewable Energy market estimates & forecasts, 2022-2032 (USD Million)
TABLE 10. U.K. Artificial Intelligence in Renewable Energy market estimates & forecasts, 2022-2032 (USD Million)
TABLE 11. Germany Artificial Intelligence in Renewable Energy market estimates & forecasts, 2022-2032 (USD Million)
TABLE 12. France Artificial Intelligence in Renewable Energy market estimates & forecasts, 2022-2032 (USD Million)
TABLE 13. Spain Artificial Intelligence in Renewable Energy market estimates & forecasts, 2022-2032 (USD Million)
TABLE 14. Italy Artificial Intelligence in Renewable Energy market estimates & forecasts, 2022-2032 (USD Million)
TABLE 15. China Artificial Intelligence in Renewable Energy market estimates & forecasts, 2022-2032 (USD Million)
TABLE 16. India Artificial Intelligence in Renewable Energy market estimates & forecasts, 2022-2032 (USD Million)
TABLE 17. Japan Artificial Intelligence in Renewable Energy market estimates & forecasts, 2022-2032 (USD Million)
TABLE 18. Australia Artificial Intelligence in Renewable Energy market estimates & forecasts, 2022-2032 (USD Million)
TABLE 19. South Korea Artificial Intelligence in Renewable Energy market estimates & forecasts, 2022-2032 (USD Million)
TABLE 20. Brazil Artificial Intelligence in Renewable Energy market estimates & forecasts, 2022-2032 (USD Million)
TABLE 21. Mexico Artificial Intelligence in Renewable Energy market estimates & forecasts, 2022-2032 (USD Million)
TABLE 22. Saudi Arabia Artificial Intelligence in Renewable Energy market estimates & forecasts, 2022-2032 (USD Million)
TABLE 23. South Africa Artificial Intelligence in Renewable Energy market estimates & forecasts, 2022-2032 (USD Million)
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable

LIST OF FIGURES

FIG 1. Global Artificial Intelligence in Renewable Energy market, research methodology
FIG 2. Global Artificial Intelligence in Renewable Energy market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Artificial Intelligence in Renewable Energy market, key trends 2023
FIG 5. Global Artificial Intelligence in Renewable Energy market, growth prospects 2022-2032
FIG 6. Global Artificial Intelligence in Renewable Energy market, porters 5 force model
FIG 7. Global Artificial Intelligence in Renewable Energy market, PESTEL analysis
FIG 8. Global Artificial Intelligence in Renewable Energy market, value chain analysis
FIG 9. Global Artificial Intelligence in Renewable Energy market by segment, 2022 & 2032 (USD Million)
FIG 10. Global Artificial Intelligence in Renewable Energy market by segment, 2022 & 2032 (USD Million)
FIG 11. Global Artificial Intelligence in Renewable Energy market by segment, 2022 & 2032 (USD Million)
FIG 12. Global Artificial Intelligence in Renewable Energy market by segment, 2022 & 2032 (USD Million)
FIG 13. Global Artificial Intelligence in Renewable Energy market by segment, 2022 & 2032 (USD Million)
FIG 14. Global Artificial Intelligence in Renewable Energy market, regional snapshot 2022 & 2032
FIG 15. North America Artificial Intelligence in Renewable Energy market 2022 & 2032 (USD Million)
FIG 16. Europe Artificial Intelligence in Renewable Energy market 2022 & 2032 (USD Million)
FIG 17. Asia pacific Artificial Intelligence in Renewable Energy market 2022 & 2032 (USD Million)
FIG 18. Latin America Artificial Intelligence in Renewable Energy market 2022 & 2032 (USD Million)
FIG 19. Middle East & Africa Artificial Intelligence in Renewable Energy market 2022 & 2032 (USD Million)
FIG 20. Global Artificial Intelligence in Renewable Energy market, company market share analysis (2023)
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable


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