The Generative Artificial Intelligence (AI) In Utilities Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Generative Artificial Intelligence (AI) In Utilities Market?
The market size of generative artificial intelligence (AI) in utilities has seen significant growth recently. It has expanded from $1.03 billion in 2024 to a projected $1.4 billion in 2025, indicating a compound annual growth rate (CAGR) of 36.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Generative Artificial Intelligence (AI) In Utilities Industry?
In 2029, the generative AI in utilities market is projected to be valued at $4.86 billion, having grown at a compound annual growth rate (CAGR) of 36.4%.
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What are the Key Growth Drivers Fueling the Generative Artificial Intelligence (AI) In Utilities Market?
The key drivers in the generative artificial intelligence (ai) in utilities market are:
• Rising demand for predictive maintenance, enhanced grid management, and optimized energy consumption
• Integration of renewable energy sources and advancements in AI algorithms
• Increased investments in AI technologies and regulatory support for digital transformation
• Development of smart grid management, personalizing energy solutions, enhancing simulation capabilities, improving customer engagement, fostering sustainability, and streamlining regulatory compliance processes with AI.
Global Market Segmentation: Identifying Major Generative Artificial Intelligence (AI) In Utilities Industry Segments
The generative artificial intelligence (AI) in utilities market covered in this report is segmented –
1) By Type: Electricity Generation, Transmission And Distribution, Customer Engagement And Energy Efficiency, Water And Wastewater Management, Gas And Oil Utilities, Renewable Energy Integration
2) By Deployment: On-Premises, Cloud-Based, Hybrid, Edge Computing, Collaborative, Customized In-House
3) By Application: Create Personalized Customer Experiences, Improve Asset Management, Develop New Products And Services, Improve Safety, Other Applications
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What are the emerging Trends Shaping the Future of the Generative Artificial Intelligence (AI) In Utilities Market?
The key trends in the generative artificial intelligence (ai) in utilities market are:
• Advancements in smart grid management is a developing trend in the generative AI in utilities market.
• Personalized energy solutions are being enabled through generative AI, shaping the future of the market.
• Enhancement of simulation capabilities through AI is another emerging trend.
• AI-powered support is increasingly improving customer engagement, further shaping the future of the generative AI in utilities market.
Who Are the Top Competitors & Leading Players in the Generative Artificial Intelligence (AI) In Utilities Market?
Major companies in the generative artificial intelligence (ai) in utilities market are:
• Microsoft Corporation
• Hitachi Ltd
• Amazon Web Services Inc.
• Siemens AG
• General Electric Company
• IBM Corporation
• Schneider Electric SE
• Honeywell International Inc.
• SAP SE
• ABB Ltd.
• NVIDIA Corporation
• Capgemini SE
• Eaton Corporation
• Infosys Limited
• Emerson Electric Co.
• Wipro Limited
• Rockwell Automation Inc.
• The Tata Power Company Ltd.
• AVEVA Group plc
• C3.ai Inc.
• SparkCognition Inc.
• Bidgely Inc.
Regional Dominance: Which Area Leads the Global Generative Artificial Intelligence (AI) In Utilities Market?
North America was the largest region in the generative artificial intelligence (AI) in the utilities market in 2024
