AI in Power Grid Market Analysis

INTRODUCTION
The global energy system is currently undergoing massive transformation, and it will continue to become more decentralized, digitalized, and decarbonized in the coming decades. The effort to decarbonize the energy supply is also causing significant decentralization in the power sector. To manage this increasingly complex system and optimize it for low greenhouse gas emissions, all sector players, including consumers as well as utilities, will need to be much more coordinated and flexible.
AI has enormous potential to support and accelerate a dependable and low-cost energy transition, with applications ranging from optimizing and efficiently integrating variable renewable energy resources into the power grid to supporting a proactive and self-sufficient electricity distribution system to enabling new revenue streams for demand-side flexibility. AI-powered grid services, ranging from customer engagement activities such as home energy management systems (HEMS), building energy management systems (BEMS), EV smart charging platforms, to grid flexible services such as virtual power plants (VPP), distributed energy resource management systems (DERMS), and advanced distribution management systems (ADMS), are actively enabling electric utilities and prosumers to actively participate in managing the complexity of grid efficiency.
In recent years, the leading industrial equipment suppliers have shown a great interest in acquiring software solution firms to enhance their expertise in the digitization of the industry, utilities, and energy sectors. Few of the major events include Hitachi acquiring Global logic to strengthen the digital portfolio of “Lumada” to offer AI-powered services in the industry and energy sector, Schneider Electric acquiring Instep software to provide real-time performance management and predictive asset analytics software and solutions for the power and utility sector, GE acquired multiple AI solution providers including ServiceMax Inc., Wise.io, and Bit Stew Systems to enhance predictive intelligence.
Through PTR’s AI in Power Sector Service, we provide you with all the key trends, figures, and data points along with our expert analysis so that you can focus on making the important decisions you need to make with confidence. PTR’s database, detailed global market report, and the signature PTR Sonar platform make this service an all-encompassing informative asset that provides you with the latest intel along with a clear analysis of what it means for you.
    Key Questions Addressed in the Service
    • Regional/Global regulations, policies, and incentives fostering AI-Applications.
    • What are key application areas in the utility sector, where AI application is advancing?
    • What are key trends of AI-powered grid services global/regional market?
    • Identification of the key AI-powered grid services regional markets. For example, a List of countries that are actively deploying AI-powered solutions and can be considered matured/experienced markets and a list of countries that are new in this space and can be considered new entrants.
    • Who are key market players of AI-powered grid services global Market/ particular region?
    Scope of Research – AI in Power Grid

    The service include information regarding key regulations, policies/strategies, incentives at national level and international observatory level fostering the AI applications in the power sector.

    The service include key market activates such as country/region specific major projects company corporate strategies, Start ups related to AI powered grid services.

     

    Service will incorporate the identification of key country specific markets along with the insights on current and future landscape of AI power service in power sector.

    Service will include PTR’s analysis on the leaders of AI powered grid service providers based on insights driven from key pointer fostering the AI applications in the power sector.

    Scope of Research – AI in Power Grid
    Coverage of AI powered grid applications

    Mapping of AI Applications in Electric Grid

    Policy Landscape

    The service include information regarding key regulations, policies/strategies, incentives at national level and international observatory level fostering the AI applications in the power sector.

    Key Market Activities

    The service include key market activates such as country/region specific major projects company corporate strategies, Start ups related to AI powered grid services.

    Market potential

    Service will incorporate the identification of key country specific markets along with the insights on current and future landscape of AI power service in power sector.

    Competitive Analysis

    Service will include PTR’s analysis on the leaders of AI powered grid service providers based on insights driven from key pointer fostering the AI applications in the power sector.

    Delivery Format
    Excel Data Output For Integration

    As part of the service, you will also get the database with the market sizing and market shares figures should you choose to integrate the data into your own internal systems instead of PowerBI:

    Why Choose Power Technology Research?

    Too often is third-party market research disregarded by decision makers due to ambiguous methodology and uninspired presentation. This had led most market research to remain relegated to ‘me-too’ slides, often remaining a footnote in presentations. Our goal is to change that, and bring back pro-active decision making within the global power and e-mobility sectors by providing market research based on a transparent and flexible methodology.

    While working with you, we will do everything to ensure that we are strictly following our three pillars of excellence: Transparency (meaning no black-box datasets with our analysts supporting the data provided), Diligence (deep technical knowledge translating into the research for you) and Digestibility (ensure working with you once you have purchased the service, to answer any questions so you can utilize the data as you intended). These claims are backed by our track record of working with some of the largest companies in industry and their testimonials.

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    Mitsubishi Electric (Client Partner - Power Systems)

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    Infineon Technologies (Client Partner Business Intelligence & Development)

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