Latest News- Agentic AI In Energy Market: Cloud-based is expected to lead the Deployment segment during 2025-2029

The Agentic AI In Energy Market is being driven by Critical imperative for grid modernization and resilience

The Agentic AI In Energy Market is expected to grow at a CAGR of 34.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1564 million. In the energy sector, the transition from predictive analytics to agentic artificial intelligence (AI) marks a significant shift towards autonomous grid operations. Beyond forecasting potential failures or imbalances, AI agents now possess the power to execute decisions and take real-time physical or digital actions to ensure grid stability, optimize power flow, and address asset degradation proactively. These AI agents serve as the intelligent operational core of a digital twin, a high-fidelity virtual representation of the physical grid. By continuously analyzing data from sensors, weather models, and consumer demand patterns, these sophisticated AI systems can detect subtle anomalies that human detection may overlook. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Deployment
  • Cloud-based
  • On-premises
  • Hybrid
• Type
  • Predictive-maintenance agents
  • Grid-management AI
  • Demand-response AI
  • Others
• Application
  • Power generation
  • T and D control rooms
  • Renewable integration
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Critical imperative for grid modernization and resilience
• Proliferation of IoT devices and advanced data analytics capabilities
• Escalating demands for operational efficiency and cost reduction

However, the market also witnesses some limitations, which are as follows:

• Cybersecurity vulnerabilities and data sovereignty concerns
• System interoperability and legacy infrastructure integration
• Evolving regulatory frameworks and ethical accountability

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Market Scope in Agentic AI In Energy Market Research Report

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Research Analysis Overview

In the realm of Agentic AI, the energy sector is witnessing significant advancements through automation of energy systems, modernization of grids, and management of energy assets. Sustainable energy solutions are prioritized, with infrastructure upgrades, energy data visualization, and power generation scheduling leading the charge. AI aids in energy price prediction, devising energy security strategies, and reducing peak demand and carbon footprints. Renewable energy policies, efficiency standards, and consumption patterns are analyzed using AI tools. Battery storage, fuel cells, hydrogen energy, thermal energy, and building energy modeling are transformed. Industrial energy efficiency, waste-to-energy conversion, decarbonization, climate change mitigation, and environmental impact assessments are optimized. Power system reliability and cybersecurity for energy systems are ensured through AI applications.

Market Research Overview

In the dynamic energy market, Agentic AI is revolutionizing business operations through AI-driven energy optimization and predictive maintenance algorithms. These advanced technologies enable energy companies to optimize energy consumption, reduce operational costs, and enhance overall efficiency. Moreover, Agentic AI's expertise in renewable energy integration enables seamless integration of renewable energy sources into the grid, ensuring a sustainable and eco-friendly energy future. According to Technavio, the global IT software market, which encompasses companies providing application software, is projected to grow significantly due to the increasing adoption of advanced technologies like Agentic AI's solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/