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AI in Energy and Utilities Market Forecast to Reach $4.5 Billion by 2026
The Market Is Driven by the Rapid Demand for Power and Dearth of Information Grid in Power Generation.
BriefingWire.com, 4/21/2021 -
The market for AI in Energy and Utilities is forecast to reach $4.5 billion by 2026, growing at a CAGR of 32.75% from 2021 to 2026. The market is driven by the rapid demand for power and dearth of information grid in power generation. Artificial intelligence (AI) is an extent of computer technology that highlights the formation of intelligent machines that work and react like humans. The energy and utility sector involves in production and distribution of energy constitutes of oil and gas, power generation and others. As technologies are getting advanced, the energy and utility sector is experiencing a rapid change in price collision and energy storing technologies. Artificial intelligence creates drastic changes ....

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