Global Artificial Intelligence (AI) in Energy Market

Global Artificial Intelligence (AI) in Energy Market Focus on Product Type (Software, AI- as-aService, Hardware, Support Services), Industry (Oil & Gas, Power), Applications (Fleet & Asset, Demand Response, Precision Drilling, Renewable Management), Funding Analysis and Forecast, 2019-2024 December 2019

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Global Artificial Intelligence (AI) in Energy Market

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Global Artificial Intelligence (AI) in Energy Market

Preface Over the last decade, the power utility and oil & gas industries have transformed drastically, primarily characterized by major technological disruptions. For the past three years, the industries have been witnessing an increasing implementation of smart and intelligent technologies, a surging adoption rate of cloud services, and the growing deployment of analytics that lead to increased automation in operations in these industries. The introduction of digitized solution and systems to the energy sector aims at increasing the energy efficiency and reducing the process downtime based on the real-time information obtained by the control systems through hardware, software, and services.

In order to accommodate the growing requirements of digitized solution and ensure continuous energy supply to the shareholders, the energy companies have initiated several strategies to optimize the grid network. With the advent of the artificial intelligence (AI) technology, the energy sector stakeholders can execute various applications across the supply chain. The AI technology using application-specific algorithms has the capacity to think, analyze, and react without human intelligence. The energy industry has observed a rapid adoption of AI regarding renewable energy management, exploration and seismic activities, demand response, and retail and facility management.

The market research study offers a wide perspective of the artificial intelligence in energy market and analyzes its impact on the end users by providing critical insights into the direction of its future expansion. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and the predictive models.

This study has been designed to answer some of the most crucial questions about the artificial intelligence in energy market: ▪

What are the key trends and opportunities in the market pertaining to AI in energy?

▪

What is the estimated global AI in energy market size in terms of revenue for the time period 2018-2024, and what is the expected compound annual growth rate (CAGR) during the forecast period 2019-2024?

▪

What is the expected future outlook and revenue to be generated by the different types of product offerings including software, hardware, AI-as-a-Service, and support services?

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Global Artificial Intelligence (AI) in Energy Market

▪

What is the estimated revenue generated by AI solutions in both power and oil & gas industry for the time period 2018-2024?

▪

What is the estimated revenue generated by AI solutions in different power industry streams such as generation, transmission, and distribution for the time period 2018-2024?

▪

What is the estimated revenue generated by AI solutions in different oil & gas industry streams such as upstream, midstream, and downstream for the time period 2018-2024?

▪

What is the estimated revenue generated by AI solutions in different applications of power and oil & gas industry for the time period 2018-2024?

▪

What is the current market size and opportunities of AI solutions in energy industry across different regions including North America, Europe, Asia-Pacific, and Rest-of-the-World?

▪

What are the major driving forces that are expected to increase the demand for the global AI in energy market during the forecast period?

▪

What are the major restraints inhibiting the growth of the global AI in energy market?

▪

What kind of new strategies are being adopted by the existing market players to expand their market position in the industry?

▪

What is the competitive strength of the key players in the AI energy market on the basis of analysis of their recent developments, product offerings, and regional presence?

▪

How is the competitive benchmarking of the key AI-focused IT companies in the energy market on the basis of analysis of their market coverage and market potential?

▪

How is the funding and investment landscape in the global artificial intelligence in energy market?

▪

Which type of players and stakeholders operate in the market ecosystem of AI in energy, and what are their significance in the global market?

▪

Which are the leading consortiums and associations in the global AI in energy market, and what is their role in the market?

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Global Artificial Intelligence (AI) in Energy Market

The report is a compilation of various segmentations including market breakdown for artificial intelligence in energy market by product offering, by industry stream, by application, and by region. The report highlights the key driving and restraining forces for this market as well as the market opportunities across the energy supply chain. In the extensive primary research process undertaken for this study, the primary sources further include industry experts and key executives from prominent companies and organizations in the energy sector.

Moreover, the report consists of a comprehensive analysis of artificial intelligence in the energy market for different geographical regions. The global AI in energy market holds a prominent share in various countries of North America, Europe, Asia-Pacific (APAC), and Rest-of-the-World (RoW). The report also provides a country-based analysis for all the leading countries in every region, including the U.S., Canada, the U.K., Germany, France, Norway, China, Japan, Australia, India, UAE, Brazil, and Saudi Arabia. Each geographical region analysis details individual driving and restraining forces acting in the market in addition to the key players from that particular region.

BIS Energy & Sustainability December 2019

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Global Artificial Intelligence (AI) in Energy Market

Table of Contents Executive Summary ........................................................................................................ 26 1.

Market Dynamics .................................................................................................. 37 1.1

1.2

1.3

2.

Market Drivers ................................................................................................. 37 1.1.1

Demand for Increasing Operational Efficiency to Fulfil Energy Requirement.......................................................................................... 38

1.1.2

Significant Increase in Demand for Decentralized Power Generation ............................................................................................ 40

1.1.3

Growing Need for Battery Storage Systems ...................................... 41

Market Restraints ............................................................................................ 42 1.2.1

High Cost of Deployment ..................................................................... 43

1.2.2

Privacy and Security Risk .................................................................... 43

Market Opportunities ...................................................................................... 44 1.3.1

Rising Deployment of Smart Grids ..................................................... 44

1.3.2

Growth of Establishment of Smart Buildings .................................... 45

Competitive Landscape ....................................................................................... 47 2.1

2.2 3.

Key Market Developments and Strategies .................................................... 47 2.1.1

Partnerships, Collaborations, and Joint Ventures ............................ 49

2.1.2

New Product Launches and Developments ....................................... 50

2.1.3

Business Expansions and Contracts ................................................. 51

2.1.4

Mergers and Acquisitions .................................................................... 52

2.1.5

Others (Awards and Recognitions)..................................................... 53

Competitive Benchmarking of IT Solution Providers in AI in Energy Market .............................................................................................................. 53 Industry Analysis.................................................................................................. 57

3.1

Artificial Intelligence in Energy: Market Ecosystem .................................... 57

3.2

Artificial Intelligence in Energy: Technology Ecosystem ............................ 61 3.2.1

AI Technology Stack ............................................................................ 64

3.2.1.1 AI-Powered Technologies ...................................................................... 64 3.2.1.1.1

Machine Learning.............................................................................. 64

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Global Artificial Intelligence (AI) in Energy Market

3.2.1.1.2

Computer Vision................................................................................ 65

3.2.1.1.3

Deep Learning................................................................................... 65

3.2.1.1.4

Speech Recognition .......................................................................... 66

3.2.1.1.5

Other Technologies ........................................................................... 66

3.2.1.2 Hardware ................................................................................................ 67 3.2.1.2.1

Memory ............................................................................................. 67

3.2.1.2.2

Storage ............................................................................................. 67

3.2.1.2.3

Logic ................................................................................................. 67

3.2.1.2.4

Networking ........................................................................................ 68

3.2.1.3 Others..................................................................................................... 68 3.2.2

AI Technology Classifications............................................................. 68

3.2.2.1 AI Technology (by Functionality) ............................................................ 68 3.2.2.1.1

Reactive Machines ............................................................................ 69

3.2.2.1.2

Limited Memory................................................................................. 69

3.2.2.1.3

Theory of Mind .................................................................................. 69

3.2.2.1.4

Self-Awareness ................................................................................. 70

3.2.2.2 AI Technology (by Capability) ................................................................. 70 3.2.2.2.1

Weak AI ............................................................................................ 71

3.2.2.2.2

General AI ......................................................................................... 71

3.2.2.2.3

Strong AI ........................................................................................... 71

3.2.3

Key AI Use Cases in Energy ................................................................ 72

3.2.3.1 Predictive Analytics ................................................................................ 72 3.2.3.2 Drones/UAVs .......................................................................................... 73 3.2.3.3 Intelligent Energy Storage ...................................................................... 73 3.2.3.4 Variable Renewable Energy Integration ................................................. 74 3.3

Investment and Funding Landscape ............................................................. 75

3.4

Key Consortiums and Associations .............................................................. 78

4.

Global Artificial Intelligence (AI) in Energy Market (by Industry Stream) ....... 81 4.1

Market Overview .............................................................................................. 81

4.2

Oil & Gas Industry ........................................................................................... 82 4.2.1

Upstream ............................................................................................... 83

4.2.2

Midstream ............................................................................................. 85

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Global Artificial Intelligence (AI) in Energy Market

4.2.3 4.3

5.

Downstream .......................................................................................... 87

Power Industry ................................................................................................ 89 4.3.1

Generation ............................................................................................ 90

4.3.2

Transmission ........................................................................................ 91

4.3.3

Distribution ........................................................................................... 93

Global Artificial Intelligence (AI) in Energy Market (by Product Offering) ...... 95 5.1

Market Overview .............................................................................................. 95

5.2

Software ........................................................................................................... 96

5.3

Hardware .......................................................................................................... 99

5.4

AI-as-a-Service .............................................................................................. 102

5.5

Support Services ........................................................................................... 105

6.

Global Artificial Intelligence (AI) in Energy Market (by Application) ............. 107 6.1

Market Overview ............................................................................................ 107

6.2

Oil & Gas Applications.................................................................................. 108

6.3

7.

6.2.1

Fleet and Asset Management ............................................................ 109

6.2.2

Precision Drilling ................................................................................ 111

6.2.3

Demand Forecasting .......................................................................... 113

6.2.4

Others .................................................................................................. 114

Power Applications ....................................................................................... 116 6.3.1

Renewable Energy Management ....................................................... 117

6.3.2

Infrastructure Management ............................................................... 120

6.3.3

Demand Response Management ...................................................... 121

6.3.4

Others .................................................................................................. 124

Global Artificial Intelligence (AI) in Energy Market (by Region) ..................... 126 7.1

North America ............................................................................................... 128 7.1.1

North America Artificial Intelligence in Energy Market (by Industry) .............................................................................................. 129

7.1.2

North America Artificial Intelligence in Energy Market (by Country) .............................................................................................. 130

7.1.2.1 U.S. ...................................................................................................... 130 7.1.2.2 Canada ................................................................................................. 133

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Global Artificial Intelligence (AI) in Energy Market

7.1.2.3 Rest-of-North America .......................................................................... 135 7.2

Europe ............................................................................................................ 137 7.2.1

Europe Artificial Intelligence in Energy Market (by Industry) ......... 138

7.2.2

Europe Artificial Intelligence in Energy Market (by Country) ......... 139

7.2.2.1 U.K. ...................................................................................................... 139 7.2.2.2 Germany............................................................................................... 141 7.2.2.3 France .................................................................................................. 143 7.2.2.4 Norway ................................................................................................. 145 7.2.2.5 Rest-of-Europe ..................................................................................... 146 7.3

Asia-Pacific .................................................................................................... 147 7.3.1

Asia-Pacific Artificial Intelligence in Energy Market (by Industry) .............................................................................................. 148

7.3.2

Asia-Pacific Artificial Intelligence in Energy Market (by Country) .............................................................................................. 149

7.3.2.1 China .................................................................................................... 149 7.3.2.2 Japan.................................................................................................... 150 7.3.2.3 Australia ............................................................................................... 151 7.3.2.4 India...................................................................................................... 153 7.3.2.5 Rest-of-Asia-Pacific .............................................................................. 155 7.4

Rest-of-the-World (RoW) .............................................................................. 156 7.4.1

RoW Artificial Intelligence in Energy Market (by Industry) ............. 157

7.4.2

RoW Artificial Intelligence in Energy Market (by Country) ............. 157

7.4.2.1 Saudi Arabia ......................................................................................... 158 7.4.2.2 U.A.E .................................................................................................... 159 7.4.2.3 Brazil .................................................................................................... 160 7.4.2.4 Rest-of-RoW ......................................................................................... 161 8.

Company Profiles ............................................................................................... 162 8.1

Overview ........................................................................................................ 162

AI Solution Providers .................................................................................................... 164 8.2

Accenture PLC .............................................................................................. 164 8.2.1

Company Overview ............................................................................ 164

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Global Artificial Intelligence (AI) in Energy Market

8.3

8.4

8.5

8.6

8.7

8.2.2

Role of Accenture PLC in Artificial Intelligence in Energy Market .................................................................................................. 164

8.2.3

Financials ............................................................................................ 165

8.2.4

Key Insights About the Financial Health of the Company .............. 167

8.2.5

SWOT Analysis ................................................................................... 168

Amazon Web Services, Inc. .......................................................................... 169 8.3.1

Company Overview ............................................................................ 169

8.3.2

Role of Amazon Web Services, Inc. in Artificial Intelligence in Energy Market ..................................................................................... 169

8.3.3

Financials ............................................................................................ 170

8.3.4

SWOT Analysis ................................................................................... 171

AutoGrid Systems, Inc .................................................................................. 172 8.4.1

Company Overview ............................................................................ 172

8.4.2

Role of AutoGrid Systems, Inc in Artificial Intelligence in Energy Market ..................................................................................... 172

8.4.3

SWOT Analysis ................................................................................... 173

Cisco Systems Inc. ....................................................................................... 174 8.5.1

Company Overview ............................................................................ 174

8.5.2

Role of Cisco Systems Inc. in Global Artificial Intelligence in Energy Market ..................................................................................... 174

8.5.3

Financials ............................................................................................ 175

8.5.4

SWOT Analysis ................................................................................... 178

C3 IoT, Inc. ..................................................................................................... 179 8.6.1

Company Overview ............................................................................ 179

8.6.2

Role of C3 IoT, Inc. in Artificial Intelligence in Energy Market ....... 179

8.6.3

SWOT Analysis ................................................................................... 181

General Electric ............................................................................................. 182 8.7.1

Company Overview ............................................................................ 182

8.7.2

Role of General Electric in Artificial Intelligence in Energy Market .................................................................................................. 182

8.7.3

Financials ............................................................................................ 183

8.7.4

Key Insights About the Financial Health of the Company .............. 185

8.7.5

SWOT Analysis ................................................................................... 186

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Global Artificial Intelligence (AI) in Energy Market

8.8

HCL Technologies Ltd. ................................................................................. 187 8.8.1

Company Overview ............................................................................ 187

8.8.2

Role of HCL Technologies Ltd. In Artificial Intelligence in Energy Market ..................................................................................... 187

8.8.3

Financials ............................................................................................ 188

8.8.4

SWOT Analysis ................................................................................... 191

8.9

Huawei Technologies Co., Ltd. .................................................................... 192 8.9.1

Company Overview ............................................................................ 192

8.9.2

Role of Huawei Technologies Co., Ltd. in AI in Energy Market ...... 192

8.9.3

Financials ............................................................................................ 193

8.9.4

SWOT Analysis ................................................................................... 196

8.10

International Business Machines Corporation (IBM) ................................. 197

8.10.1

Company Overview ............................................................................ 197

8.10.2

Role of IBM Corporation in Artificial Intelligence in Energy Market .................................................................................................. 197

8.10.3

Financials ............................................................................................ 198

8.10.4

Key Insights About the Financial Health of the Company .............. 200

8.10.5

SWOT Analysis ................................................................................... 201

8.11

Intel Corporation ........................................................................................... 202

8.11.1

Company Overview ............................................................................ 202

8.11.2

Role of Intel Corporation in Artificial Intelligence in Energy Market .................................................................................................. 202

8.11.3

Financials ............................................................................................ 203

8.11.4

Key Insights About the Financial Health of the Company .............. 205

8.11.5

SWOT Analysis ................................................................................... 206

8.12

Kellton Tech Solutions Ltd. .......................................................................... 207

8.12.1

Company Overview ............................................................................ 207

8.12.2

Role of Kellton Tech Solutions Ltd. in Artificial Intelligence in Energy Market ..................................................................................... 207

8.12.3

Financials ............................................................................................ 208

8.12.4

SWOT Analysis ................................................................................... 211

8.13

Microsoft Corporation................................................................................... 212

8.13.1

Company Overview ............................................................................ 212

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Global Artificial Intelligence (AI) in Energy Market

8.13.2

Role of Microsoft Corporation in Artificial Intelligence in Energy Market ..................................................................................... 212

8.13.3

Financials ............................................................................................ 214

8.13.4

Key Insights About the Financial Health of the Company .............. 216

8.13.5

SWOT Analysis ................................................................................... 217

8.14

Oracle Corporation ....................................................................................... 218

8.14.1

Company Overview ............................................................................ 218

8.14.2

Role of Oracle Corporation in Artificial Intelligence in Energy Market .................................................................................................. 218

8.14.3

Financials ............................................................................................ 219

8.14.4

Key Insights About the Financial Health of the Company .............. 221

8.14.5

SWOT Analysis ................................................................................... 222

8.15

Rockwell Automation Inc.............................................................................. 223

8.15.1

Company Overview ............................................................................ 223

8.15.2

Role of Rockwell Automation Inc. in Artificial Intelligence in Energy Market ..................................................................................... 223

8.15.3

Financials ............................................................................................ 224

8.15.4

Key Insights About the Financial Health of the Company .............. 226

8.15.5

SWOT Analysis ................................................................................... 227

8.16

SAP SE ........................................................................................................... 228

8.16.1

Company Overview ............................................................................ 228

8.16.2

Role of SAP SE in Artificial Intelligence in Energy Market ............. 228

8.16.3

Financials ............................................................................................ 229

8.16.4

SWOT Analysis ................................................................................... 231

8.17

Wipro Limited ................................................................................................ 232

8.17.1

Company Overview ............................................................................ 232

8.17.2

Role of Wipro Limited in Artificial Intelligence in Energy Market .................................................................................................. 232

8.17.3

Financials ............................................................................................ 233

8.17.4

SWOT Analysis ................................................................................... 235

Other Key Companies ................................................................................................... 236 8.18

ABB Ltd. ......................................................................................................... 236

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Global Artificial Intelligence (AI) in Energy Market

8.18.1

Company Overview ............................................................................ 236

8.18.2

Role of ABB Ltd. In Artificial Intelligence in Energy Market ........... 236

8.19

Actility S.A. .................................................................................................... 237

8.19.1

Company Overview ............................................................................ 237

8.19.2

Role of Actility S.A. in Artificial Intelligence in Energy Market....... 237

8.20

Enel X North America, Inc. ........................................................................... 238

8.20.1

Company Overview ............................................................................ 238

8.20.2

Role of Enel X North America, Inc. in Artificial Intelligence in Energy Market ..................................................................................... 238

8.21

Equinor ASA .................................................................................................. 239

8.21.1

Company Overview ............................................................................ 239

8.21.2

Role of Equinor ASA in Artificial Intelligence in Energy Market .... 239

8.22

Ingersoll Rand Plc ......................................................................................... 241

8.22.1

Company Overview ............................................................................ 241

8.22.2

Role of Ingersoll Rand Plc in the Artificial Intelligence in Energy Market ..................................................................................... 241

8.23

Royal Dutch Shell PLC.................................................................................. 243

8.23.1

Company Overview ............................................................................ 243

8.23.2

Role of Royal Dutch Shell PLC in Artificial Intelligence in Energy Market ..................................................................................... 243

8.24

Siemens AG ................................................................................................... 244

8.24.1

Company Overview ............................................................................ 244

8.24.2

Role of Siemens AG in Artificial Intelligence in Energy Market ..... 244

8.25

Schneider Electric ......................................................................................... 245

8.25.1

Company Overview ............................................................................ 245

8.25.2

Role of Schneider Electric in Artificial Intelligence in Energy Market .................................................................................................. 245

8.26

Schlumberger Limited .................................................................................. 246

8.26.1

Company Overview ............................................................................ 246

8.26.2

Role of Schlumberger Limited in Artificial Intelligence in Energy Market ..................................................................................... 246

8.27

Tokyo Electric Power Company ................................................................... 248

8.27.1

Company Overview ............................................................................ 248

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Global Artificial Intelligence (AI) in Energy Market

8.27.2 9.

10.

Role of Tokyo Electric Power Company in Artificial Intelligence in Energy Market ............................................................ 248

Report Scope and Methodology........................................................................ 249 9.1

Report Scope ................................................................................................. 249

9.2

Market Research Methodology .................................................................... 250 9.2.1

Assumptions ....................................................................................... 250

9.2.2

Limitations .......................................................................................... 251

9.2.3

Primary Data Sources ........................................................................ 251

9.2.4

Secondary Data Sources ................................................................... 252

9.2.5

Data Triangulation .............................................................................. 253

9.2.6

Market Estimation and Forecast ....................................................... 254

Annexure ............................................................................................................. 256 10.1

Annexure A : List of Key Strategies and Developments in Global Artificial Intelligence in Energy Market (Jan 2017-Sep 2019) .................... 256

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Global Artificial Intelligence (AI) in Energy Market

List of Tables Table 1.1: Impact Analysis of Drivers ..................................................................................................... 38 Table 1.2: List of Investors Promoting Decentralized Energy System .................................................. 40 Table 1.3: Applications of Battery Storage Systems in the Power Supply Network ............................. 42 Table 1.4: Impact Analysis of Restraints ................................................................................................ 43 Table 1.5: Initiatives for the Advancement of the U.S. Grid Network .................................................... 45 Table 1.6: Advantages and Growth Enablers of Smart Buildings ......................................................... 46 Table 3.1: Applications of Energy Storage Systems in the Power Supply Network ............................. 73 Table 3.2: Regulatory Policies to Promote Variable Renewable Energy .............................................. 75 Table 3.3: Key Consortiums and Associations in Global AI in Energy Market ..................................... 78 Table 4.1: Global Artificial Intelligence in Energy Market (by Industry Stream), $Million, 2018-2024 ................................................................................................................................... 82 Table 4.2: Global Artificial Intelligence in Oil & Gas Market (by Industry Stream), 2018-2024, $Million..................................................................................................................... 83 Table 4.3: Some of the AI Solution Providers in the Upstream Sector.................................................. 84 Table 4.4: Key AI Solution Providers in the Downstream Sector .......................................................... 88 Table 4.5: Global Artificial Intelligence in the Power Market (by Industry Stream), 2018-2024, $Million..................................................................................................................... 89 Table 5.1: Global Artificial Intelligence in Energy Market (by Product Offering), $Million, 2018-2024 ................................................................................................................................... 96 Table 5.2: Key Artificial Intelligence Software Providers ........................................................................ 99 Table 5.3: Hardware Offering by Key Players in Artificial Intelligence in Energy Market ................... 102 Table 5.4: Product Portfolio of the Key Players Providing AIaaS ........................................................ 104 Table 6.1: Global Artificial Intelligence in Oil & Gas Market (by Application), $Million 2018-2024 ................................................................................................................................. 109 Table 6.2: Key Companies with AI Products for Fleet and Asset Management in Global AI in Energy Market ........................................................................................................................... 111 Table 6.3: Key Companies with AI Products for Precision Drilling in Global AI in Energy Market ..... 113 Table 6.4: Global Artificial Intelligence in Power Market (by Application), $Million 2018-2024 .......... 117 Table 6.5: Key Companies with AI Products for Renewable Energy Management in Global AI in Energy Market ....................................................................................................... 119 Table 6.6: Features of Demand Response Mechanism ...................................................................... 122 Table 6.7: Demand Response Programs in the U.S. ........................................................................... 122 All rights reserved at BIS Research

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Global Artificial Intelligence (AI) in Energy Market

Table 7.1: Global Artificial Intelligence in Energy Market (by Region), 2018-2024, $Million .............. 127 Table 7.2: North America in Artificial Intelligence in Energy (by Industry), 2018-2024, $Million ........ 129 Table 7.3: North America in Artificial Intelligence in Energy Market (by Country), 2018-2024, $Million................................................................................................................... 130 Table 7.4: Use Cases in the U.S. in AI in Power Industry.................................................................... 132 Table 7.5: Recent Developments in the Canada AI in Power and Oil & Gas Industry ....................... 134 Table 7.6: Europe in Artificial Intelligence in Energy (by Industry), 2018-2024, $Million .................... 138 Table 7.7: Europe in Artificial Intelligence in Energy Market (by Country), 2018-2024, $Million ........ 139 Table 7.8: Use cases of AI by power utilities in the U.K. ..................................................................... 141 Table 7.9: Recent Developments in the Germany AI in Power Industry ............................................. 142 Table 7.10: Asia-Pacific Artificial Intelligence in Energy Market (by Industry), 2018-2024, $Million................................................................................................................... 148 Table 7.11: Asia-Pacific Artificial Intelligence in Energy Market (by Country), 2018-2024, $Million................................................................................................................... 149 Table 7.12: Australia Government Initiatives for Energy Conservation ............................................... 152 Table 7.13: Benefits of Stakeholders from Smart Grid ........................................................................ 154 Table 7.14: RoW Artificial Intelligence in Energy Market (by Industry), 2018-2024, $Million ............. 157 Table 7.15: RoW Artificial Intelligence in Energy Market (by Country), 2018-2024, $Million ............. 157 Table 8.1: Accenture PLC: Product Portfolio ........................................................................................ 165 Table 8.2: Amazon Web Services, Inc.: Product Portfolio ................................................................... 170 Table 8.3: AutoGrid Systems, Inc: Product Portfolio ............................................................................ 173 Table 8.4: Cisco Systems Inc.: Product Portfolio ................................................................................. 175 Table 8.5: C3 IoT: Product Portfolio...................................................................................................... 180 Table 8.6: General Electric: Product Portfolio ...................................................................................... 183 Table 8.7: HCL Technologies Ltd.: Product Portfolio ........................................................................... 188 Table 8.8: Huawei Technologies Co., Ltd.: Product Portfolio .............................................................. 193 Table 8.9: IBM Corporation: Product Portfolio...................................................................................... 198 Table 8.10: Intel Corporation: Product Portfolio ................................................................................... 203 Table 8.11: Kellton Tech Solutions Ltd: Product Portfolio.................................................................... 208 Table 8.12: Microsoft Corporation: Product Portfolio ........................................................................... 213 Table 8.13: Oracle Corporation: Product Portfolio ............................................................................... 219 Table 8.14: Rockwell Automation Inc.: Product Portfolio ..................................................................... 224 Table 8.15: SAP SE: Product Portfolio ................................................................................................. 229

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Global Artificial Intelligence (AI) in Energy Market

Table 8.16: Schneider Electric: Product Portfolio ................................................................................. 233 Table 8.17: Enel X North America, Inc.: Product Portfolio ................................................................... 238 Table 8.18: Equinor ASA: Product Portfolio ......................................................................................... 240 Table 8.19: Ingersoll Rand Plc: Product Portfolio................................................................................. 242 Table 8.20: Schlumberger Limited: Product Portfolio .......................................................................... 247

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Global Artificial Intelligence (AI) in Energy Market

List of Figures Figure 1: Artificial Intelligence in Oil & Gas Industry .............................................................................. 27 Figure 2: Driving and Restraint Factors in the Global Artificial Intelligence in Energy Market.............. 28 Figure 3: Global Artificial Intelligence in Energy Market Snapshot ........................................................ 28 Figure 4: Global Artificial Intelligence in Energy (by Product Offering), $Million, 2019 and 2024, ........................................................................................................................... 30 Figure 5: Global Artificial Intelligence in Energy Market (by Application), $Million, 2019-2024 ............ 31 Figure 6: Global Artificial Intelligence in Oil & Gas Market (by Industry Stream), $Million, 2019 and 2024 ............................................................................................................................ 32 Figure 7: Global Artificial Intelligence in Power Market (by Industry Stream), $Million, 2019 and 2024 ........................................................................................................................... 33 Figure 8: Regional Artificial Intelligence in Energy Market Snapshot .................................................... 34 Figure 1.1: Market Dynamics .................................................................................................................. 37 Figure 1.2: Global Energy Demand Projection, 2015-2040 ................................................................... 39 Figure 2.1: Market Strategies Adopted by the Key Players (January 2017-September 2019) ............ 47 Figure 2.2: Share of Key Market Strategies and Developments (January 2017-September 2019) .............................................................................................. 48 Figure 2.3: Partnerships, Collaborations, and Joint Ventures Share (by Company) ............................ 49 Figure 2.4: New Product Launches and Developments Share (by Company) ..................................... 50 Figure 2.5: Business Expansions and Contracts Share (by Company) ................................................ 51 Figure 2.6: Mergers and Acquisitions Share (by Company) .................................................................. 52 Figure 2.7: Competitive Benchmarking Matrix ....................................................................................... 54 Figure 3.1: Stakeholders of AI in Energy Market.................................................................................... 57 Figure 3.2: Process Flow Chart of Power Industry................................................................................. 58 Figure 3.3: Process Flow Chart of Oil & Gas Industry ........................................................................... 60 Figure 3.4: Value Chain of Artificial Intelligence ..................................................................................... 62 Figure 3.5: An Overview of Artificial Intelligence Technology Ecosystem ............................................. 63 Figure 3.6: Types of Artificial Intelligence Technology Based on Capability ......................................... 70 Figure 3.7: Artificial Intelligence in Energy: Key Use Cases .................................................................. 72 Figure 3.8: Global Artificial Intelligence in Energy Market: Investment and Funding, November 2016-October 2019 ..................................................................................................................... 76

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Global Artificial Intelligence (AI) in Energy Market

Figure 3.9: Investment and Funding Landscape Share (by Product Offering), $Million, November 2016-October 2019 ................................................................................................... 76 Figure 3.10: Investment and Funding Landscape Share (by Round), $Million ..................................... 77 Figure 4.1: Industry Streams in Global AI in Energy Market.................................................................. 81 Figure 4.2: Global Artificial Intelligence in Upstream (in Oil & Gas) Market, 2018-2024 ...................... 85 Figure 4.3: Major Activities in the Midstream Sector .............................................................................. 86 Figure 4.4: Global Artificial Intelligence in Midstream (in Oil & Gas) Market, 2018-2024 .................... 86 Figure 4.5: Major Activities in the Downstream Sector .......................................................................... 87 Figure 4.6: Global Artificial Intelligence in Downstream (in Oil & Gas) Market, 2018-2024 ................ 88 Figure 4.7: Global Artificial Intelligence in Generation (in Power) Market, 2018-2024 ......................... 90 Figure 4.8: Major Activities in the Transmission Sector ......................................................................... 91 Figure 4.9: Global Artificial Intelligence in Transmission (in Power) Market, 2018-2024 .................... 92 Figure 4.10: Global Artificial Intelligence in Distribution (in Power) Market, 2018-2024 ....................... 93 Figure 5.1: Global Artificial Intelligence Software in Energy Market, $Million, 2018-2024 .................. 97 Figure 5.2: Advantages of Software as a Service (SaaS) ..................................................................... 98 Figure 5.3: Global Artificial Intelligence Hardware in Energy Market, 2018-2024............................... 100 Figure 5.4: Hardware Product Offerings in Global Artificial Intelligence in Energy Market................. 100 Figure 5.5: Advantages of Artificial Intelligence as a Service (AIaaS)................................................. 103 Figure 5.6: Global AI-as-a-Service in Energy Market, $Million, 2018-2024 ........................................ 104 Figure 5.7: Key Artificial Intelligence Support Services in Energy Market........................................... 105 Figure 5.8: Global Artificial Intelligence Support Services in Energy Market, 2018-2024 ................. 106 Figure 6.1: Key Applications in Global Artificial Intelligence in Energy Market ................................... 107 Figure 6.2: Key Applications of Artificial Intelligence in Oil & Gas Industry ......................................... 108 Figure 6.3: Fleet and Asset Management in Global Artificial Intelligence in Oil & Gas Market (by Application), 2018-2024 ...................................................................................................... 110 Figure 6.4: Precision Drilling in Global Artificial Intelligence in Oil & Gas Market (by Application), 2018-2024 ...................................................................................................... 112 Figure 6.5: Demand Forecasting in Global Artificial Intelligence in Oil & Gas Market (by Application), 2018-2024 ...................................................................................................... 114 Figure 6.6: Other Applications in Global Artificial Intelligence in Oil & Gas Market (by Application), 2018-2024 ...................................................................................................... 115 Figure 6.7: Key Artificial Intelligence Applications in Power Industry .................................................. 116

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Global Artificial Intelligence (AI) in Energy Market

Figure 6.8: Renewable Energy Management in Global Artificial Intelligence in Power Market (by Application), 2018-2024 ...................................................................................................... 118 Figure 6.9: Artificial Intelligence based Process for Renewable Energy Forecast ............................. 119 Figure 6.10: Infrastructure Management in Global Artificial Intelligence in Power Market (by Application), 2018-2024 ...................................................................................................... 121 Figure 6.11: Demand Response Management in Global Artificial Intelligence in Power Market (by Application), 2018-2024 ...................................................................................................... 123 Figure 6.12: Other Applications in Global Artificial Intelligence in Power Market (by Application), 2018-2024 ...................................................................................................... 124 Figure 7.1: Global Artificial Intelligence in Energy Regional Market Snapshot ................................... 126 Figure 7.2: North America Artificial Intelligence in Energy Market, 2018-2024, $Million .................... 128 Figure 7.3: U.S. Electricity Generation (by Sector) in 2018 ................................................................. 131 Figure 7.4: U.S. Artificial Intelligence in Energy Market, 2018-2024 ................................................... 132 Figure 7.5: Canada Artificial Intelligence in Energy Market, 2018-2024 ............................................. 135 Figure 7.6: Rest-of-North America Artificial Intelligence in Energy Market, $Million, 2018-2024 ...... 136 Figure 7.7: Europe Artificial Intelligence in Energy Market, 2018-2024 .............................................. 137 Figure 7.8: The U.K. Artificial Intelligence in Energy Market, 2018-2024, $Million ............................. 140 Figure 7.9: Germany Artificial Intelligence in Energy Market, 2018-2024, $Million............................. 142 Figure 7.10: France Artificial Intelligence in Energy Market, 2018-2024, $Million .............................. 144 Figure 7.11: Norway Artificial Intelligence in Energy Market, 2018-2024, $Million ............................. 145 Figure 7.12: Rest-of-Europe Artificial Intelligence in Energy Market, 2018-2024, $Million................. 146 Figure 7.13: Asia-Pacific Artificial Intelligence in Energy Market, 2018-2024 ..................................... 147 Figure 7.14: China Artificial Intelligence in Energy Market, 2018-2024............................................... 150 Figure 7.15: Japan Artificial Intelligence in Energy Market, 2018-2024, $Million................................ 151 Figure 7.16: Australia Artificial Intelligence in Energy Market, 2018-2024 .......................................... 152 Figure 7.17: India Artificial Intelligence in Energy Market, 2018-2024 ................................................ 154 Figure 7.18: Rest-of-Asia-Pacific Artificial Intelligence in Energy Market, 2018-2024 ........................ 155 Figure 7.19: RoW Artificial Intelligence in Energy Market, 2018-2024 ................................................ 156 Figure 7.20: Saudi Arabia Artificial Intelligence in Energy Market, 2018-2024 ................................... 158 Figure 7.21: U.A.E Artificial Intelligence in Energy Market, 2018-2024............................................... 159 Figure 7.22: Brazil Artificial Intelligence in Energy Market, 2018-2024 ............................................... 160 Figure 7.23: Rest- of- RoW Artificial Intelligence in Energy Market, 2018-2024, $Million .................. 161 Figure 8.1: Segmentation of Key Companies Profiled by Type of Company ...................................... 162

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Global Artificial Intelligence (AI) in Energy Market

Figure 8.2: Accenture PLC: Overall Financials, 2016-2018................................................................. 165 Figure 8.3: Accenture Plc: Net Revenue (by Business Segment), 2016-2018 ................................... 166 Figure 8.4: Accenture PLC: Net Revenue (by Regional Segment), 2016-2018 ................................. 167 Figure 8.5: Research and Development: Accenture PLC – 2016 to 2018 .......................................... 167 Figure 8.6: Accenture PLC: SWOT Analysis ........................................................................................ 168 Figure 8.7: Amazon.com, Inc.: Net Revenue (by Business Segment), 2016-2018 ............................ 170 Figure 8.8: Amazon.com, Inc.: SWOT Analysis ................................................................................... 171 Figure 8.9: AutoGrid Systems, Inc: SWOT Analysis ............................................................................ 173 Figure 8.10: Cisco Systems Inc.: Overall Financials, 2016-2018 ........................................................ 175 Figure 8.11: Cisco Systems Inc.: Net Revenue (by Business Segment), 2016-2018 ........................ 176 Figure 8.12: Cisco Systems: Net Revenue (by Region), 2016-2018 .................................................. 177 Figure 8.13: Cisco Systems Inc.: SWOT Analysis ............................................................................... 178 Figure 8.14: C3 IoT: SWOT Analysis.................................................................................................... 181 Figure 8.15: General Electric: Overall Financials, 2016-2018 ............................................................. 183 Figure 8.16: General Electric: Net Revenue (by Business Segment), 2016-2018 ............................. 184 Figure 8.17: General Electric: Net Revenue (by Regional Segment), 2016-2018 .............................. 184 Figure 8.18: General Electric: Research and Development: 2016-2018 ............................................ 185 Figure 8.19: General Electric: SWOT Analysis .................................................................................... 186 Figure: 8.20: HCL Technologies Ltd.: Overall Financials, 2017-2019 ................................................. 188 Figure 8.21: HCL Technologies Ltd.: Net Revenue (by Business Segment), 2017-2019 .................. 189 Figure 8.22: HCL Technologies Ltd.: Net Revenue (by Regional Segment), 2017-2019 .................. 190 Figure 8.23: HCL Technologies Ltd.: SWOT Analysis ......................................................................... 191 Figure 8.24: Huawei Technologies Co., Ltd.: Overall Financials, 2016-2018 ..................................... 193 Figure 8.25: Huawei Technologies Co., Ltd.: Net Revenue (by Business Segment), 2016-2018 ..... 194 Figure 8.26: Huawei Technologies Co., Ltd.: Net Revenue (by Region), 2016-2018 ........................ 195 Figure 8.27: Huawei Technologies Co., Ltd.: SWOT Analysis ............................................................ 196 Figure 8.28: IBM Corporation: Overall Financials, 2016-2018 ............................................................ 198 Figure 8.29: IBM Corporation: Net Revenue (by Business Segment), 2016-2018 ............................. 199 Figure 8.30: IBM Corporation: Net Revenue (by Regional Segment), 2016-2018 ............................. 200 Figure 8.31: IBM Corporation: R&D Expenditure, 2016-2018 ............................................................. 200 Figure 8.32: IBM Corporation: SWOT Analysis.................................................................................... 201 Figure 8.33: Intel Corporation: Overall Financials, 2016-2018 ............................................................ 203 Figure 8.34: Intel Corporation: Net Revenue (by Business Segment), 2016-2018 ............................ 204

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Global Artificial Intelligence (AI) in Energy Market

Figure 8.35: Intel Corporation: Net Revenue (by Regional Segment), 2016-2018 ............................. 205 Figure 8.36: Research and Development: Intel Corporation – 2016 to 2018...................................... 205 Figure 8.37: Intel Corporation: SWOT Analysis ................................................................................... 206 Figure 8.38: Kellton Tech Solutions Ltd: Overall Financials, 2017-2019 ............................................ 208 Figure 8.39: Kellton Tech Solutions Ltd: Net Revenue (by Business Segment), 2017-2019 ............ 209 Figure 8.40: Kellton Tech: Net Revenue (by Region), 2017 and 2019 ............................................... 210 Figure 8.41: Kellton Tech: SWOT Analysis .......................................................................................... 211 Figure 8.42: Microsoft Corporation: Overall Financials, 2016-2018 .................................................... 214 Figure 8.43: Microsoft Corporation: Net Revenue (by Business Segment), 2016-2018 .................... 214 Figure 8.44: Microsoft Corporation: Net Revenue (by Regional Segment), 2016-2018 ..................... 215 Figure 8.45: Research and Development: Microsoft Corporation – 2016 to 2018 ............................. 216 Figure 8.46: Microsoft Corporation: SWOT Analysis ........................................................................... 217 Figure 8.47: Oracle Corporation: Overall Financials, 2016-2018 ........................................................ 219 Figure 8.48: Oracle Corporation: Net Revenue by Business Segment, 2017-2018 ........................... 220 Figure 8.49: Oracle Corporation: Net Revenue by Regional Segment, 2017-2018 ........................... 220 Figure 8.50: Research and Development: Oracle Corporation – 2016 to 2018.................................. 221 Figure 8.51: Oracle Corporation: SWOT Analysis ............................................................................... 222 Figure 8.52: Rockwell Automation Inc.: Overall Financials, 2016-2018 .............................................. 224 Figure 8.53: Rockwell Automation Inc.: Net Revenue (by Business Segment), 2016-2018 ............. 225 Figure 8.54: Rockwell Automation Inc.: Net Revenue (by Regional Segment), 2016-2018.............. 226 Figure 8.55: Research and Development: Rockwell Automation – 2016 to 2018 .............................. 226 Figure 8.56: Rockwell Automation Inc.: SWOT Analysis ..................................................................... 227 Figure 8.57: SAP SE: Overall Financials, 2016-2018 .......................................................................... 229 Figure 8.58: SAP SE: Net Revenue by Business Segment, 2016-2018 ............................................. 230 Figure 8.59: SAP SE: Net Revenue by Regional Segment, 2016-2018 ............................................. 230 Figure 8.60: SAP SE: SWOT Analysis ................................................................................................. 231 Figure 8.61: Wipro Limited: Overall Financials, 2017-2019 ................................................................. 233 Figure 8.62: Wipro Limited: Net Revenue (by Business Segment), 2018-2019 ................................. 234 Figure 8.63: Wipro Limited: Net Revenue by Regional Segment, 2018-2019 .................................... 234 Figure 8.64: Wipro Limited: SWOT Analysis ........................................................................................ 235 Figure 9.1 Artificial Intelligence in Energy Market Scope..................................................................... 249 Figure 9.2 Report Methodology ............................................................................................................ 250 Figure 9.3 Primary Interviews Breakdown, by Company, Designation, and Region .......................... 252

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Global Artificial Intelligence (AI) in Energy Market

Figure 9.4 Sources of Secondary Research ........................................................................................ 253 Figure 9.5 Data Triangulation................................................................................................................ 254 Figure 9.6 Top-Down and Bottom-Up Approach for Market Estimation .............................................. 255

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Global Artificial Intelligence (AI) in Energy Market

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Global Artificial Intelligence (AI) in Energy Market

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