Europe AI In Energy Market Size, Share & Trends Analysis Report By Type (Solutions and Services), By Application, By Country and Growth Forecast, 2024 - 2031

The Europe AI In Energy Market would witness market growth of 29.0% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe AI In Energy Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,093.7 million by 2031. The UK market is exhibiting a CAGR of 27.9% during (2024 - 2031). Additionally, The France market would experience a CAGR of 30.2% during (2024 - 2031).

Equipment reliability is paramount in the energy sector. AI-driven predictive maintenance solutions use machine learning algorithms to analyze equipment performance data and predict potential failures before they occur. By identifying issues early, energy companies can minimize unplanned downtime, reduce maintenance costs, and extend the lifespan of critical assets.

Additionally, this proactive approach is particularly beneficial in renewable energy systems, where maintenance can be challenging and costly. The adoption of AI in the energy sector has accelerated in recent years, driven by the increasing availability of data, advancements in computing power, and a growing emphasis on sustainability.

The growth of the AI in energy market in Europe is closely linked to rising electricity production and shifting consumption patterns across various sectors. In 2021, gross electricity production in the EU increased by 4.4% compared to 2020, reaching 2,907 TWh, according to Eurostat. This surge, largely driven by renewable energy sources surpassing traditional fuels like natural gas, coal, and nuclear, creates a greater need for AI-driven technologies. AI is being utilized to optimize the integration of renewables, manage grid stability, and ensure efficient distribution as renewable sources like wind and solar bring variability to energy supply across Europe.

Free Valuable Insights: The Global AI In Energy Market will Hit USD 63.6 Billion by 2031, at a CAGR of 29.5%

Based on Type, the market is segmented into Solutions and Services. Based on Application, the market is segmented into Renewable Energy Management, Demand Forecasting, Robotics, Safety Security & Infrastructure, and Other Application.  Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

• Siemens AG
• ABB Group
• Schneider Electric SE
• GE Vernova Group
• Hitachi, Ltd
• Honeywell International Inc.
• Amazon Web Services, Inc. (Amazon.com, Inc.)
• Google LLC
• Microsoft Corporation
• AutoGrid Systems, Inc.

Europe AI In Energy Market Report Segmentation

By Type

• Solutions
• Services

By Application

• Renewable Energy Management
• Demand Forecasting
• Robotics
• Safety Security & Infrastructure
• Other Application

By Country

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe AI In Energy Market, by Type
1.4.2 Europe AI In Energy Market, by Application
1.4.3 Europe AI In Energy Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2023, Jul – 2024, Oct) Leading Players
4.5 Porter Five Forces Analysis

Chapter 5. Europe AI In Energy Market by Type
5.1 Europe Solutions Market by Country
5.2 Europe Services Market by Country

Chapter 6. Europe AI In Energy Market by Application
6.1 Europe Renewable Energy Management Market by Country
6.2 Europe Demand Forecasting Market by Country
6.3 Europe Robotics Market by Country
6.4 Europe Safety Security & Infrastructure Market by Country
6.5 Europe Other Application Market by Country

Chapter 7. Europe AI In Energy Market by Country
7.1 Germany AI In Energy Market
7.1.1 Germany AI In Energy Market by Type
7.1.2 Germany AI In Energy Market by Application
7.2 UK AI In Energy Market
7.2.1 UK AI In Energy Market by Type
7.2.2 UK AI In Energy Market by Application
7.3 France AI In Energy Market
7.3.1 France AI In Energy Market by Type
7.3.2 France AI In Energy Market by Application
7.4 Russia AI In Energy Market
7.4.1 Russia AI In Energy Market by Type
7.4.2 Russia AI In Energy Market by Application
7.5 Spain AI In Energy Market
7.5.1 Spain AI In Energy Market by Type
7.5.2 Spain AI In Energy Market by Application
7.6 Italy AI In Energy Market
7.6.1 Italy AI In Energy Market by Type
7.6.2 Italy AI In Energy Market by Application
7.7 Rest of Europe AI In Energy Market
7.7.1 Rest of Europe AI In Energy Market by Type
7.7.2 Rest of Europe AI In Energy Market by Application

Chapter 8. Company Profiles
8.1 Siemens AG
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.5.3 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 ABB Group
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.6 SWOT Analysis
8.3 Schneider Electric SE
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 GE Vernova Group
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Acquisition and Mergers:
8.4.3 SWOT Analysis
8.5 Hitachi, Ltd.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Product Launches and Product Expansions:
8.5.6 SWOT Analysis
8.6 Honeywell International, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.6.6 SWOT Analysis
8.7 Amazon Web Services, Inc. (Amazon.com, Inc.)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.7.5 SWOT Analysis
8.8 Google LLC
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.6 SWOT Analysis
8.9 Microsoft Corporation
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Acquisition and Mergers:
8.9.6 SWOT Analysis
8.10. AutoGrid Systems, Inc.
8.10.1 Company Overview

TABLE 1 Europe AI In Energy Market, 2020 - 2023, USD Million
TABLE 2 Europe AI In Energy Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– AI In Energy Market
TABLE 4 Product Launches And Product Expansions– AI In Energy Market
TABLE 5 Acquisition and Mergers– AI In Energy Market
TABLE 6 Europe AI In Energy Market by Type, 2020 - 2023, USD Million
TABLE 7 Europe AI In Energy Market by Type, 2024 - 2031, USD Million
TABLE 8 Europe Solutions Market by Country, 2020 - 2023, USD Million
TABLE 9 Europe Solutions Market by Country, 2024 - 2031, USD Million
TABLE 10 Europe Services Market by Country, 2020 - 2023, USD Million
TABLE 11 Europe Services Market by Country, 2024 - 2031, USD Million
TABLE 12 Europe AI In Energy Market by Application, 2020 - 2023, USD Million
TABLE 13 Europe AI In Energy Market by Application, 2024 - 2031, USD Million
TABLE 14 Europe Renewable Energy Management Market by Country, 2020 - 2023, USD Million
TABLE 15 Europe Renewable Energy Management Market by Country, 2024 - 2031, USD Million
TABLE 16 Europe Demand Forecasting Market by Country, 2020 - 2023, USD Million
TABLE 17 Europe Demand Forecasting Market by Country, 2024 - 2031, USD Million
TABLE 18 Europe Robotics Market by Country, 2020 - 2023, USD Million
TABLE 19 Europe Robotics Market by Country, 2024 - 2031, USD Million
TABLE 20 Europe Safety Security & Infrastructure Market by Country, 2020 - 2023, USD Million
TABLE 21 Europe Safety Security & Infrastructure Market by Country, 2024 - 2031, USD Million
TABLE 22 Europe Other Application Market by Country, 2020 - 2023, USD Million
TABLE 23 Europe Other Application Market by Country, 2024 - 2031, USD Million
TABLE 24 Europe AI In Energy Market by Country, 2020 - 2023, USD Million
TABLE 25 Europe AI In Energy Market by Country, 2024 - 2031, USD Million
TABLE 26 Germany AI In Energy Market, 2020 - 2023, USD Million
TABLE 27 Germany AI In Energy Market, 2024 - 2031, USD Million
TABLE 28 Germany AI In Energy Market by Type, 2020 - 2023, USD Million
TABLE 29 Germany AI In Energy Market by Type, 2024 - 2031, USD Million
TABLE 30 Germany AI In Energy Market by Application, 2020 - 2023, USD Million
TABLE 31 Germany AI In Energy Market by Application, 2024 - 2031, USD Million
TABLE 32 UK AI In Energy Market, 2020 - 2023, USD Million
TABLE 33 UK AI In Energy Market, 2024 - 2031, USD Million
TABLE 34 UK AI In Energy Market by Type, 2020 - 2023, USD Million
TABLE 35 UK AI In Energy Market by Type, 2024 - 2031, USD Million
TABLE 36 UK AI In Energy Market by Application, 2020 - 2023, USD Million
TABLE 37 UK AI In Energy Market by Application, 2024 - 2031, USD Million
TABLE 38 France AI In Energy Market, 2020 - 2023, USD Million
TABLE 39 France AI In Energy Market, 2024 - 2031, USD Million
TABLE 40 France AI In Energy Market by Type, 2020 - 2023, USD Million
TABLE 41 France AI In Energy Market by Type, 2024 - 2031, USD Million
TABLE 42 France AI In Energy Market by Application, 2020 - 2023, USD Million
TABLE 43 France AI In Energy Market by Application, 2024 - 2031, USD Million
TABLE 44 Russia AI In Energy Market, 2020 - 2023, USD Million
TABLE 45 Russia AI In Energy Market, 2024 - 2031, USD Million
TABLE 46 Russia AI In Energy Market by Type, 2020 - 2023, USD Million
TABLE 47 Russia AI In Energy Market by Type, 2024 - 2031, USD Million
TABLE 48 Russia AI In Energy Market by Application, 2020 - 2023, USD Million
TABLE 49 Russia AI In Energy Market by Application, 2024 - 2031, USD Million
TABLE 50 Spain AI In Energy Market, 2020 - 2023, USD Million
TABLE 51 Spain AI In Energy Market, 2024 - 2031, USD Million
TABLE 52 Spain AI In Energy Market by Type, 2020 - 2023, USD Million
TABLE 53 Spain AI In Energy Market by Type, 2024 - 2031, USD Million
TABLE 54 Spain AI In Energy Market by Application, 2020 - 2023, USD Million
TABLE 55 Spain AI In Energy Market by Application, 2024 - 2031, USD Million
TABLE 56 Italy AI In Energy Market, 2020 - 2023, USD Million
TABLE 57 Italy AI In Energy Market, 2024 - 2031, USD Million
TABLE 58 Italy AI In Energy Market by Type, 2020 - 2023, USD Million
TABLE 59 Italy AI In Energy Market by Type, 2024 - 2031, USD Million
TABLE 60 Italy AI In Energy Market by Application, 2020 - 2023, USD Million
TABLE 61 Italy AI In Energy Market by Application, 2024 - 2031, USD Million
TABLE 62 Rest of Europe AI In Energy Market, 2020 - 2023, USD Million
TABLE 63 Rest of Europe AI In Energy Market, 2024 - 2031, USD Million
TABLE 64 Rest of Europe AI In Energy Market by Type, 2020 - 2023, USD Million
TABLE 65 Rest of Europe AI In Energy Market by Type, 2024 - 2031, USD Million
TABLE 66 Rest of Europe AI In Energy Market by Application, 2020 - 2023, USD Million
TABLE 67 Rest of Europe AI In Energy Market by Application, 2024 - 2031, USD Million
TABLE 68 Key Information – Siemens AG
TABLE 69 Key Information – ABB Group
TABLE 70 Key Information – Schneider Electric SE
TABLE 71 Key Information – GE Vernova Group
TABLE 72 Key Information – Hitachi, Ltd.
TABLE 73 Key Information – Honeywell International, Inc.
TABLE 74 Key Information – Amazon Web Services, Inc.
TABLE 75 Key Information – Google LLC
TABLE 76 Key Information – Microsoft Corporation
TABLE 77 Key Information – AutoGrid Systems, Inc.

List of Figures
FIG 1 Methodology for the research
FIG 2 Europe AI In Energy Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting AI In Energy Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2023, Jul – 2024, Oct) Leading Players
FIG 8 Porter’s Five Forces Analysis – AI In Energy Market
FIG 9 Europe AI In Energy Market share by Type, 2023
FIG 10 Europe AI In Energy Market share by Type, 2031
FIG 11 Europe AI In Energy Market by Type, 2020- 2031, USD Million
FIG 12 Europe AI In Energy Market share by Application, 2023
FIG 13 Europe AI In Energy Market share by Application, 2031
FIG 14 Europe AI In Energy Market by Application, 2020- 2031, USD Million
FIG 15 Europe AI In Energy Market share by Country, 2023
FIG 16 Europe AI In Energy Market share by Country, 2031
FIG 17 Europe AI In Energy Market by Country, 2020- 2031, USD Million
FIG 18 Recent strategies and developments: Siemens AG
FIG 19 SWOT Analysis: Siemens AG
FIG 20 SWOT Analysis: ABB GROUP
FIG 21 Recent strategies and developments: Schneider Electric SE
FIG 22 SWOT Analysis: Schneider Electric SE
FIG 23 SWOT Analysis: GE Vernova Group
FIG 24 Recent strategies and developments: Hitachi, Ltd
FIG 25 Swot Analysis: Hitachi, Ltd.
FIG 26 Recent strategies and developments: Honeywell International Inc.
FIG 27 Swot analysis: Honeywell international, inc.
FIG 28 SWOT Analysis: Amazon Web Services, Inc.
FIG 29 SWOT Analysis: Google LLC
FIG 30 Recent strategies and developments: Microsoft Corporation
FIG 31 SWOT Analysis: Microsoft Corporation