1. What is the projected Compound Annual Growth Rate (CAGR) of the Artificial Intelligence in New Energy?
The projected CAGR is approximately XX%.
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Artificial Intelligence in New Energy by Type (Hardware, Software, Service), by Application (Solar PV Design, Energy Storage Optimization, Wind Farm Operations, Smart Grid Management, Others), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The global artificial intelligence (AI) in new energy market size was valued at USD 12.6 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 23.9% from 2023 to 2030. The rising need for energy efficiency, the growing adoption of renewable energy sources, and government initiatives to promote sustainability are the key factors driving the market growth.
The market is segmented based on type (hardware, software, and services) and application (solar PV design, energy storage optimization, wind farm operations, smart grid management, and others). The software segment held the largest market share in 2022, owing to the increasing adoption of AI-powered software solutions for energy forecasting, predictive maintenance, and optimization. The solar PV design segment is expected to witness the highest growth rate during the forecast period, attributed to the growing demand for solar energy and the need for efficient design and optimization of solar PV systems. The North American region accounted for the largest market share in 2022, and it is expected to continue its dominance throughout the forecast period. The presence of major AI companies and the early adoption of AI technologies in the energy sector are the key factors contributing to the region's dominance. The Asia-Pacific region is expected to witness the highest growth rate during the forecast period, owing to the increasing investments in renewable energy and the growing adoption of AI-powered energy solutions in the region.
Artificial intelligence (AI) is rapidly transforming the global energy sector, creating unprecedented opportunities for innovation and efficiency. This report delves into the latest trends, driving forces, challenges, and key players in the burgeoning AI in New Energy market.
AI has emerged as a transformative force in New Energy, fueling significant advancements in solar PV design, energy storage optimization, wind farm operations, smart grid management, and other applications. Key market insights include:
Several factors are driving the rapid adoption of AI in New Energy:
Despite its transformative potential, AI in New Energy also faces challenges:
Region: North America and Europe are expected to dominate the AI in New Energy market due to their early adoption of renewable energy technologies and strong research and development capabilities.
Segment: Smart Grid Management is expected to be the largest segment, driven by the need to optimize energy distribution and improve grid resilience. Solar PV Design and Energy Storage Optimization are also expected to experience significant growth.
Several factors will continue to drive the growth of the AI in New Energy industry:
This report provides a comprehensive overview of the AI in New Energy market, covering key trends, drivers, challenges, and opportunities. It analyzes market segments, leading players, and significant developments, providing valuable insights for stakeholders in the energy, technology, and investment sectors.
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of XX% from 2019-2033 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research

Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately XX%.
Key companies in the market include C3.ai, AutoGrid, OpenAI, IBM Energy, Sentient Energy, Google Deepmind, Enbala, Grid4C, Heliogen, Next Kraftwerke, Opus One Solutions, PowerScout, Siemens Energy, Verdigris, WattTime, .
The market segments include Type, Application.
The market size is estimated to be USD XXX million as of 2022.
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Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4480.00, USD 6720.00, and USD 8960.00 respectively.
The market size is provided in terms of value, measured in million.
Yes, the market keyword associated with the report is "Artificial Intelligence in New Energy," which aids in identifying and referencing the specific market segment covered.
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