Ai In The Energy Market Players Analysis: Oracle Corporation, Intel Corporation, Huawei Technology, SAP SE, General Electric Company, Cisco Systems, Microsoft Corporation, BM Corporation, Amazon Web Services, Inc, Accenture Plc, C3.ai, Rockwell Automation, HCL Technologies, Auto Grid Systems, Wipro Limited And More
Ai In the Energy Market Size Share Trends Analysis Report By Industry Stream By Product Offering By Application, Russia-Ukraine War and COVID-19 Impact, Analysis Regional Outlook, Growth Potential, Price Trends, Competitive Market Share Forecast 2022-2030.
According to a comprehensive study by Intellectual Market Insights Research, the worldwide AI in The Energy Market was valued at USD 6.45 billion in 2021 and is expected to reach USD 13.24 Billion by 2030, gaining at a CAGR of 25.35% from 2021 to 2030.
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1. Amazon Web Services (AWS)
Founding Year: March 2006
Headquarters: Seattle, Washington
About Us: Amazon Web Services (AWS) began exposing key infrastructure services to businesses in the form of web services -- now widely known as cloud computing. The ultimate benefit of cloud computing, and AWS, is the ability to leverage a new business model and turn capital infrastructure expenses into variable costs. Businesses no longer need to plan and procure servers and other IT resources weeks or months in advance. Using AWS, businesses can take advantage of Amazon's expertise and economies of scale to access resources when their business needs them, delivering results faster and at a lower cost.
Amazon Web Services (AWS) is one of the most significant players in AI for energy. The company has developed a machine learning platform, TensorFlow, which is used by energy companies to build predictive models for energy production and demand. Google has also invested in clean energy projects, and has set a goal of running all of its data centers on 100% renewable energy by 2025.
The company had nearly 128,000 employees and had revenue of $62 Billion.
2. IBM Corporation
Founding Year: 1911
Headquarters: Armonk, New York
About Us: The International Business Machines Corporation (IBM), nicknamed Big Blue is an American multinational technology corporation headquartered in Armonk, New York and present in over 175 countries. It specializes in computer hardware, middleware, and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology. IBM is the largest industrial research organization in the world, with 19 research facilities across a dozen countries, and has held the record for most annual U.S. patents generated by a business for 29 consecutive years from 1993 to 2023.
IBM is another major player in AI for energy. The company has developed an AI-powered energy management platform, Watson IoT, which is used to optimize energy consumption in buildings, factories, and cities. IBM has also partnered with several energy companies to develop AI-powered solutions for renewable energy integration, grid optimization, and energy storage.
The company had nearly 308,000 employees and had revenue of $60.5 Billion.
3. Microsoft Corporation
Founding Year: 1975
Headquarters: Redmond, Washington, United States
About Us: Microsoft Corporation is an American multinational technology corporation company. Microsoft was founded by Bill Gates and Paul Allen on April 4, 1975, to develop and sell BASIC interpreters. Microsoft's best-known software products are the Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface line up of touchscreen personal computers.
Microsoft is a leading technology company that has been investing heavily in AI for energy. The company has developed an AI-powered energy management platform, called Azure Energy, which is used by utilities to optimize their operations and improve grid reliability. Microsoft has also partnered with several energy companies to develop AI-powered solutions for renewable energy integration, grid optimization, and energy storage.
The company had nearly 227,000 employees and had revenue of $204.1 Billion.
4. Oracle Corporation
Founding Year: 1977
Headquarters: Austin, Texas, US
About Us: Oracle Corporation is an American multinational computer technology corporation company. Larry Ellison co-founded Oracle Corporation in 1977 with Bob Miner and Ed Oates under the name Software Development Laboratories (SDL). Oracle was the third-largest software company in the world by revenue and market capitalization.
Oracle is a global leader in energy technology, and has been investing heavily in AI to improve its energy products and services. The company has developed an AI-powered energy management system, called EnergyIP, which is used by utilities to optimize their operations and improve grid reliability. Siemens has also partnered with several startups and research institutions to develop AI-powered solutions for renewable energy integration and energy storage.
The company had nearly 206,000 employees and had revenue of $46.1 Billion.
Founding Year: 1984
Headquarters: San Jose, California
About Us: Cisco Systems, Inc., commonly known as Cisco, is an American-based multinational digital communications technology conglomerate corporation company. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products. Cisco specializes in specific tech markets, such as the Internet of Things (IoT), domain security, videoconferencing, and energy management with leading products including Webex, OpenDNS, Jabber, Duo Security, and Jasper. Cisco is one of the largest technology companies in the world ranking 74th.
Cisco is another major player in AI for energy. The company has developed an AI-powered energy management platform, called Predix, which is used by utilities to optimize their operations and improve grid reliability. Cisco has also partnered with several energy companies to develop AI-powered solutions for renewable energy integration, grid optimization, and energy storage.
The company had nearly 83,300 employees and had revenue of $51.56 Billion.
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