This is a paid press release. Contact the press release distributor directly with any enquiries.
Generative Artificial Intelligence (AI) in Utilities Market Now Available, Profiles Microsoft, IBM, NVIDIA, and 21 Other Key Industry Leaders
Research and Markets
Fri, 10 July 2026 at 3:08 pm GMT+5:30
17 min read
- MSFT
+0.27% - IBM
-2.23% - NVDA
-0.66%
The generative AI in utilities market presents opportunities in enhancing utility management with applications like predictive maintenance and smart grid optimization. Key growth drivers include integration with IoT, cloud platforms, and renewable energy solutions, alongside advancements in AI algorithms for efficient and sustainable re
Generative AI in Utilities Market
Dublin, July 10, 2026 (GLOBE NEWSWIRE) — The “Generative AI in Utilities Market Report 2026” has been added to ResearchAndMarkets.com’s offering
The generative artificial intelligence (AI) in utilities market size has surged in recent years, projected to expand from $1.4 billion in 2025 to $1.92 billion in 2026, reflecting a compound annual growth rate (CAGR) of 36.6%. This growth stems from increased demand for reliable electricity and water, and the adoption of smart meters. Increased investment in renewable energy, predictive maintenance, and utility analytics solutions have further bolstered this sector
The rise in renewable energyn utilities, reducing fossil fuel dependency. For instance, as of 2025, solar power in the U.S. has expanded significantly, reaching an installed capacity of approximately 220 GW, supplying over 7% of national electricity. AI in utilities aids in optimizing energy generation and consumption, leveraging natural re
Leading companies in this sector, such as Databricks Inc., emphasize delivering real-time insights through unified platforms in the energy sector for enhanced decision-making. Innovations such as large language model (LLM)-powered chatbots, IoT-based predictive maintenance, digital twins, and AI models for wind turbine maintenance highlight industry advancements
In significant acquisitions, Snowflake Inc. acquired Myst AI Inc. in 2023 to bolster its machine learning and forecasting capabilities. Myst AI specializes in electricity demand forecasting, essential for enhancing decision-making in utilities
Major players in this market include Microsoft, Hitachi, Amazon Web Services, Siemens, and IBM, among others. North America leads the market, with future reports covering regions such as Asia-Pacific, Europe, and Africa. Notable countries within these regions include the USA, China, Germany, and India
