Energy and Power

Solar AI Market

Global Industry Analysis and Forecast 2024-2031

Pages : 120

Base Year : 2023

Release Year : May 2024

Format : Pdf Ppt Xls

Report ID: KR489

Author : Siddhi J.

Base Year

2023

Forecast Year

2024-2031

Historical Years

2019-2022

Market Value (2023)

USD 975.4 Million

Forecasted Value (2031)

USD 3,146.8 Million

CAGR (2024 - 2031)

16.05%

Fastest Growing Region (2024 - 2031)

Asia Pacific

Largest Region

North America

By Technology

Machine Learning, Computer Vision, Others

By Application

Energy Management, Smart Grids, Energy Production, Others

By End-Use

Residential, Commercial, Industrial


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The global solar AI market is projected to reach USD 3,146.8 million by 2031, growing at a CAGR of 16.05% from 2024 to 2031.
The global solar AI market was valued at USD 975.4 million in 2023.
Government initiatives and policies aimed at promoting renewable energy, need for clean and sustainable energy sources, continuous advancements in AI technologies are the key factors driving the market growth in the solar AI industry.
Top manufacturers of the solar AI market are Smart Helio, Solavio, Glint Solar AS, Scopito, Aurora Solar, The AES Corporation, First Solar, Raycatch, Absolar, Solarify among others.
Asia-Pacific is the fastest growing region with a CAGR of 20.32% in the forecasted period (2024-2031).
By technology, machine learning will hold the maximum share in the solar AI market with a revenue value of USD 1,053.60 million in 2031.
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