What is Generative AI in the utilities market?

Generative AI in the utilities market refers to the application of artificial intelligence techniques, particularly generative models, to optimize various aspects of utility operations. These operations can include energy generation, distribution, consumption optimization, predictive maintenance, grid management, and more.

How big is Generative AI In Utilities Market?

The Global Generative AI In Utilities Market size is expected to be worth around USD 13,308 Million by 2033, from USD 713 Billion in 2023, growing at a CAGR of 34% during the forecast period from 2024 to 2033.

Who are the key players in Generative AI In Utilities Market?

Siemens AG, General Electric Company, ABB Ltd., Schneider Electric SE, IBM Corporation, Microsoft Corporation, Other Key Players are the major companies operating in the Generative AI In Utilities Market.

What challenges does Generative AI face in the utilities market?

Challenges associated with Generative AI in the utilities market may include data quality and availability, interpretability of generated outputs, regulatory compliance, cybersecurity concerns, and integration with existing infrastructure and legacy systems.

Which region has the biggest share in Generative AI In Utilities Market?

In 2022, North America held a dominant market position in the Generative AI in Utilities sector, capturing more than a 45% share.

Generative AI In Utilities Market Size, Trends

Generative AI In Utilities Market By Type (Electricity Generation, Transmission & Distribution, And Customer Engagement & Energy Efficiency), By Application (Create Personalized Customer Experiences, Improve Asset Management, And Others), By Deployment(On-Premises, Cloud-Based), By Region And Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, And Forecast 2024-2033

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