The North America AI In Energy Market would witness market growth of 28.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America AI In Energy Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $16,832.8 million by 2031. The Canada market is experiencing a CAGR of 31.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 30.3% during (2024 - 2031).
AI algorithms are increasingly utilized to optimize energy production processes. In renewable energy sources such as solar and wind, AI can analyze vast datasets, including weather patterns, historical performance, and energy demand, to enhance the efficiency of energy generation. For instance, predictive analytics can forecast energy output based on real-time weather data, enabling operators to adjust production schedules and resource allocation accordingly.
In addition, AI plays a crucial role in managing the complexities of modern power grids. Using machine learning algorithms, energy providers can analyze data from smart meters, sensors, and distributed energy resources (DERs) to monitor grid performance in real-time.
Mexico's rising renewable energy sector significantly impacts AI's growth in the energy sector. As the country sets ambitious goals for clean energy production, AI technologies are becoming essential for optimizing energy management, improving efficiency, and integrating renewable sources like wind and solar into the grid. Mexico intends to generate 35% of its electricity from renewable energy sources by 2024, as the International Trade Administration indicated in 2023. This shift is pushing the adoption of AI-driven solutions to forecast energy demand, manage power generation, and reduce operational costs.
Free Valuable Insights: The AI In Energy Market is Predict to reach 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 U.S., Mexico, Canada, and Rest of North America.
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.
North America AI In Energy Market Report Segmentation
By Type
By Application
- Renewable Energy Management
- Demand Forecasting
- Robotics
- Safety Security & Infrastructure
- Other Application
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America AI In Energy Market, by Type
1.4.2 North America AI In Energy Market, by Application
1.4.3 North America 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. North America AI In Energy Market by Type
5.1 North America Solutions Market by Country
5.2 North America Services Market by Country
Chapter 6. North America AI In Energy Market by Application
6.1 North America Renewable Energy Management Market by Country
6.2 North America Demand Forecasting Market by Country
6.3 North America Robotics Market by Country
6.4 North America Safety Security & Infrastructure Market by Country
6.5 North America Other Application Market by Country
Chapter 7. North America AI In Energy Market by Country
7.1 US AI In Energy Market
7.1.1 US AI In Energy Market by Type
7.1.2 US AI In Energy Market by Application
7.2 Canada AI In Energy Market
7.2.1 Canada AI In Energy Market by Type
7.2.2 Canada AI In Energy Market by Application
7.3 Mexico AI In Energy Market
7.3.1 Mexico AI In Energy Market by Type
7.3.2 Mexico AI In Energy Market by Application
7.4 Rest of North America AI In Energy Market
7.4.1 Rest of North America AI In Energy Market by Type
7.4.2 Rest of North America 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 North America AI In Energy Market, 2020 - 2023, USD Million
TABLE 2 North America 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 North America AI In Energy Market by Type, 2020 - 2023, USD Million
TABLE 7 North America AI In Energy Market by Type, 2024 - 2031, USD Million
TABLE 8 North America Solutions Market by Country, 2020 - 2023, USD Million
TABLE 9 North America Solutions Market by Country, 2024 - 2031, USD Million
TABLE 10 North America Services Market by Country, 2020 - 2023, USD Million
TABLE 11 North America Services Market by Country, 2024 - 2031, USD Million
TABLE 12 North America AI In Energy Market by Application, 2020 - 2023, USD Million
TABLE 13 North America AI In Energy Market by Application, 2024 - 2031, USD Million
TABLE 14 North America Renewable Energy Management Market by Country, 2020 - 2023, USD Million
TABLE 15 North America Renewable Energy Management Market by Country, 2024 - 2031, USD Million
TABLE 16 North America Demand Forecasting Market by Country, 2020 - 2023, USD Million
TABLE 17 North America Demand Forecasting Market by Country, 2024 - 2031, USD Million
TABLE 18 North America Robotics Market by Country, 2020 - 2023, USD Million
TABLE 19 North America Robotics Market by Country, 2024 - 2031, USD Million
TABLE 20 North America Safety Security & Infrastructure Market by Country, 2020 - 2023, USD Million
TABLE 21 North America Safety Security & Infrastructure Market by Country, 2024 - 2031, USD Million
TABLE 22 North America Other Application Market by Country, 2020 - 2023, USD Million
TABLE 23 North America Other Application Market by Country, 2024 - 2031, USD Million
TABLE 24 North America AI In Energy Market by Country, 2020 - 2023, USD Million
TABLE 25 North America AI In Energy Market by Country, 2024 - 2031, USD Million
TABLE 26 US AI In Energy Market, 2020 - 2023, USD Million
TABLE 27 US AI In Energy Market, 2024 - 2031, USD Million
TABLE 28 US AI In Energy Market by Type, 2020 - 2023, USD Million
TABLE 29 US AI In Energy Market by Type, 2024 - 2031, USD Million
TABLE 30 US AI In Energy Market by Application, 2020 - 2023, USD Million
TABLE 31 US AI In Energy Market by Application, 2024 - 2031, USD Million
TABLE 32 Canada AI In Energy Market, 2020 - 2023, USD Million
TABLE 33 Canada AI In Energy Market, 2024 - 2031, USD Million
TABLE 34 Canada AI In Energy Market by Type, 2020 - 2023, USD Million
TABLE 35 Canada AI In Energy Market by Type, 2024 - 2031, USD Million
TABLE 36 Canada AI In Energy Market by Application, 2020 - 2023, USD Million
TABLE 37 Canada AI In Energy Market by Application, 2024 - 2031, USD Million
TABLE 38 Mexico AI In Energy Market, 2020 - 2023, USD Million
TABLE 39 Mexico AI In Energy Market, 2024 - 2031, USD Million
TABLE 40 Mexico AI In Energy Market by Type, 2020 - 2023, USD Million
TABLE 41 Mexico AI In Energy Market by Type, 2024 - 2031, USD Million
TABLE 42 Mexico AI In Energy Market by Application, 2020 - 2023, USD Million
TABLE 43 Mexico AI In Energy Market by Application, 2024 - 2031, USD Million
TABLE 44 Rest of North America AI In Energy Market, 2020 - 2023, USD Million
TABLE 45 Rest of North America AI In Energy Market, 2024 - 2031, USD Million
TABLE 46 Rest of North America AI In Energy Market by Type, 2020 - 2023, USD Million
TABLE 47 Rest of North America AI In Energy Market by Type, 2024 - 2031, USD Million
TABLE 48 Rest of North America AI In Energy Market by Application, 2020 - 2023, USD Million
TABLE 49 Rest of North America AI In Energy Market by Application, 2024 - 2031, USD Million
TABLE 50 Key Information – Siemens AG
TABLE 51 Key Information – ABB Group
TABLE 52 Key Information – Schneider Electric SE
TABLE 53 Key Information – GE Vernova Group
TABLE 54 Key Information – Hitachi, Ltd.
TABLE 55 Key Information – Honeywell International, Inc.
TABLE 56 Key Information – Amazon Web Services, Inc.
TABLE 57 Key Information – Google LLC
TABLE 58 Key Information – Microsoft Corporation
TABLE 59 Key Information – AutoGrid Systems, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America AI In Energy Market share by Type, 2023
FIG 10 North America AI In Energy Market share by Type, 2031
FIG 11 North America AI In Energy Market by Type, 2020 - 2031, USD Million
FIG 12 North America AI In Energy Market share by Application, 2023
FIG 13 North America AI In Energy Market share by Application, 2031
FIG 14 North America AI In Energy Market by Application, 2020 - 2031, USD Million
FIG 15 North America AI In Energy Market share by Country, 2023
FIG 16 North America AI In Energy Market share by Country, 2031
FIG 17 North America 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