India Artificial Intelligence in Renewable Energy Market

India Artificial Intelligence in Renewable Energy Market Size, Trends & Analysis - Forecasts to 2029 By Application (Robotics, Renewables Management, Demand Forecasting, Safety and Security, Infrastructure, and Others) and By End User (Energy Transmission, Energy Generation, Energy Distribution, and Utilities), Competitive Landscape, Company Market Share Analysis, and End User Analysis

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This report was recently updated on June 9 2024 with the latest and most recent market numbers

India Artificial Intelligence in Renewable Energy Market Size

The India artificial intelligence (AI) in renewable energy market is projected to grow at a CAGR of 28.8% from 2024 to 2029.

Government initiatives to promote renewable energy adoption have considerably accelerated India's AI in renewable energy market growth. Through rules and incentives, the Indian government significantly encourages investment in the sector. AI applications complement these goals and receive critical support. This government support is essential in promoting market growth and establishing a favorable climate for technological breakthroughs in the renewable energy industry.

Artificial intelligence and machine learning have transformed the renewable energy business. These developments enable more advanced applications, allowing AI systems to maximize energy output, detect equipment breakdowns, and improve overall system performance. The integration of AI provides unparalleled capabilities, enabling more efficient control and exploitation of renewable energy resources. This technological advancement adds considerably to the sector's growth by increasing output, reliability, and efficiency in renewable energy systems.

AI improves operational efficiency and maximizes energy output via data analysis, resulting in a more intelligent and adaptive approach to renewable resource management. This incorporation of AI-driven data analytics helps the sector progress by encouraging the more responsive and effective use of renewable energy.

The rapid advancement of AI technology necessitates a staff with specialized expertise. The scarcity of personnel knowledgeable about AI and renewable energy may limit the widespread use of both technologies.

india artificial intelligence in renewable energy market

India Artificial Intelligence in Renewable Energy Market: By Application

The demand forecasting segment is expected to hold the largest share of the market. This expected growth is due to AI’s vital role in optimizing resource allocation and improving operational efficiency in the renewable energy industry. AI's predictive analytics and machine learning skills allow for accurate forecasting of energy demand, resulting in better planning and decision-making.

The infrastructure segment is expected to be the fastest-growing segment in the market from 2024-2029. The growth is attributed to the increasing investments in modernizing energy infrastructure. The increased demand for improved solutions in energy distribution, grid management, and smart infrastructure mainly contributes to the fastest growth of the infrastructure segment in the Indian artificial intelligence in renewable energy market.

India Artificial Intelligence in Renewable Energy Market: By End User

The energy distribution segment is anticipated to be the fastest-growing segment in the market from 2024 to 2029. The segment's growth is attributed to the increasing integration of AI technologies. As energy grids become smarter, artificial intelligence (AI) is increasingly important in optimizing energy distribution, enhancing grid dependability, and minimizing losses. The use of advanced analytics and machine learning in energy distribution systems is likely to contribute to the segment's expansion, addressing the growing demand for efficient and sustainable energy distribution solutions.

The energy generation segment is expected to hold the largest share of the market. This is primarily due to the important role of AI in optimizing renewable energy production. AI applications improve operational efficiency, predictive maintenance, and grid management, resulting in higher energy output.

india artificial intelligence in renewable energy market

India Artificial Intelligence in Renewable Energy Market Share and Competitor Analysis

BOLT, GPS Renewables, Prescinto, Numocity, Chara, Alt Mobility, ePlane, Cellestial E-mobility, Sheru, and Skilancer Solar, among others, are some of the key players operating in the India artificial intelligence in renewable energy market.

Please note: This is not an exhaustive list of companies profiled in the report.

India Artificial Intelligence in Renewable Energy Market: Recent Developments

In March 2022, Prescinto Technologies partnered with Integrum Energy, a leading CAPEX solution provider in India, to implement real-time monitoring and analytics for their wind and solar farms. Prescinto's AI-powered platform facilitates digital transformation for Integrum Energy's 100 MW assets across India, offering actionable intelligence on their renewable energy portfolio.

In December 2023, GPS Renewables, an engineering company, secured orders worth Rs 2,000 crore (USD 267 Million) for multiple compressed biogas (CBG) projects. The projects, undertaken in collaboration with Indian Oil Corporation (IOCL) through GPSR Arya, aim to transform waste management by processing agricultural residue, energy crops, and municipal solid waste. The CBG plants are designed to handle 4,000 tonnes of agri-residue and energy crops daily, along with 300 tonnes of municipal solid waste, curbing landfill accumulation.

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Applications

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

3          INDIA MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2        Adjacent Market Opportunities

3.1.3        Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1        Market Drivers: Impact Analysis

3.2.2        Market Restraints: Impact Analysis

3.2.3        Market Opportunities: Impact Analysis

3.2.4        Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1        Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2        SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Application Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          INDIA ARTIFICIAL INTELLIGENCE IN RENEWABLE ENERGY MARKET, BY APPLICATION

4.1   Introduction

4.2   Artificial Intelligence in Renewable Energy Market: Application Scope Key Takeaways

4.3   Revenue Growth Analysis, 2023 & 2029

4.4   Robotics

4.4.1        Robotics Market Estimates and Forecast, 2021-2029 (USD Million)

4.5   Renewables Management

4.5.1        Renewables Management Market Estimates and Forecast, 2021-2029 (USD Million)

4.6   Demand Forecasting

4.6.1        Demand Forecasting Market Estimates and Forecast, 2021-2029 (USD Million)

4.7   Safety and Security

4.7.1        Safety and Security Market Estimates and Forecast, 2021-2029 (USD Million)

4.8   Infrastructure

4.8.1        Infrastructure Market Estimates and Forecast, 2021-2029 (USD Million)

4.9   Others

4.9.1        Others Market Estimates and Forecast, 2021-2029 (USD Million)

5          INDIA ARTIFICIAL INTELLIGENCE IN RENEWABLE ENERGY MARKET, BY END USER

5.1   Introduction

5.2   Artificial Intelligence in Renewable Energy Market: End User Scope Key Takeaways

5.3   Revenue Growth Analysis, 2023 & 2029

5.4   Energy Transmission

5.4.1        Energy Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

5.5   Energy Generation

5.5.1        Energy Generation Market Estimates and Forecast, 2021-2029 (USD Million)

5.6   Energy Distribution

5.6.1        Energy Distribution Market Estimates and Forecast, 2021-2029 (USD Million)

5.7   Utilities

5.7.1        Utilties Market Estimates and Forecast, 2021-2029 (USD Million)

6          COMPETITIVE LANDCAPE

6.1   Company Market Share Analysis

6.2   Four Quadrant Positioning Matrix

6.2.1        Market Leaders

6.2.2        Market Visionaries

6.2.3        Market Challengers

6.2.4        Niche Market Players

6.3   Vendor Landscape

6.3.1        India

6.4   Company Profiles  

6.4.1        BOLT

6.4.1.1 Business Description & Financial Analysis

6.4.1.2 SWOT Analysis

6.4.1.3 Products & Services Offered

6.4.1.4 Strategic Alliances between Business Partners

6.4.2        GPS Renewables

6.4.2.1 Business Description & Financial Analysis

6.4.2.2 SWOT Analysis

6.4.2.3 Products & Services Offered

6.4.2.4 Strategic Alliances between Business Partners

6.4.3        Prescinto

6.4.3.1 Business Description & Financial Analysis

6.4.3.2 SWOT Analysis

6.4.3.3 Products & Services Offered

6.4.3.4 Strategic Alliances between Business Partners

6.4.4        Numocity

6.4.4.1 Business Description & Financial Analysis

6.4.4.2 SWOT Analysis

6.4.4.3 Products & Services Offered

6.4.4.4 Strategic Alliances between Business Partners

6.4.5        Chara

6.4.5.1 Business Description & Financial Analysis

6.4.5.2 SWOT Analysis

6.4.5.3 Products & Services Offered

6.4.5.4 Strategic Alliances between Business Partners

6.4.6        Alt Mobility

6.4.6.1 Business Description & Financial Analysis

6.4.6.2 SWOT Analysis

6.4.6.3 Products & Services Offered

6.4.6.4 Strategic Alliances between Business Partners

6.4.7        EPlane  

6.4.7.1 Business Description & Financial Analysis

6.4.7.2 SWOT Analysis

6.4.7.3 Products & Services Offered

6.4.8.4 Strategic Alliances between Business Partners

6.4.8        Cellestial E-Mobility

6.4.8.1 Business Description & Financial Analysis

6.4.8.2 SWOT Analysis

6.4.8.3 Products & Services Offered

6.4.8.4 Strategic Alliances between Business Partners

6.4.9        Sheru

6.4.9.1 Business Description & Financial Analysis

6.4.9.2 SWOT Analysis

6.4.9.3 Products & Services Offered

6.4.9.4 Strategic Alliances between Business Partners

6.4.10       Skilancer Solar 

6.4.10.1 Business Description & Financial Analysis

6.4.10.2 SWOT Analysis

6.4.10.3 Products & Services Offered

6.4.10.4 Strategic Alliances between Business Partners

6.4.11      Other Companies

6.4.11.1 Business Description & Financial Analysis

6.4.11.2 SWOT Analysis

6.4.11.3 Products & Services Offered

6.4.11.4 Strategic Alliances between Business Partners

7          RESEARCH METHODOLOGY

7.1   Market Introduction

7.1.1        Market Definition

7.1.2        Market Scope & Segmentation

7.2   Information Procurement

7.2.1        Secondary Research

7.2.1.1 Purchased Databases

7.2.1.2 GMEs Internal Data Repository

7.2.1.3 Secondary Resources & Third Party Perspectives

7.2.1.4 Company Information Sources

7.2.2        Primary Research

7.2.2.1 Various Types of Respondents for Primary Interviews

7.2.2.2 Number of Interviews Conducted throughout the Research Process

7.2.2.3 Primary Stakeholders

7.2.2.4 Discussion Guide for Primary Participants

7.2.3        Expert Panels

7.2.3.1 Expert Panels Across 30+ Industry

7.2.4        Paid Local Experts

7.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

7.3   Market Estimation

7.3.1        Top-Down Approach

7.3.1.1 Macro-Economic Indicators Considered

7.3.1.2 Micro-Economic Indicators Considered

7.3.2        Bottom Up Approach

7.3.2.1 Company Share Analysis Approach

7.3.2.2 Estimation of Potential Product Sales

7.4   Data Triangulation

7.4.1        Data Collection

7.4.2        Time Series, Cross Sectional & Panel Data Analysis

7.4.3        Cluster Analysis

7.5   Analysis and Output

7.5.1        Inhouse AI Based Real Time Analytics Tool

7.5.2        Output From Desk & Primary Research

7.6   Research Assumptions & Limitations

7.7.1        Research Assumptions

7.7.2        Research Limitations

LIST OF TABLES

1 India Artificial Intelligence in Renewable Energy Market, By Application, 2021-2029 (USD Million)

2 Robotics Market, 2021-2029 (USD Million)  

3 Renewables Management Market, 2021-2029 (USD Million)              

4 Demand Forecasting Market, 2021-2029 (USD Million)        

5 Infrastructure Market, 2021-2029 (USD Million)   

6 SAFETY & SECURITY Market, 2021-2029 (USD Million)

7 OTHERS Market, 2021-2029 (USD Million)       

8 India Artificial Intelligence in Renewable Energy Market, By End User, 2021-2029 (USD Million)

9 Energy Transmission Market, 2021-2029 (USD Million)       

10 Energy Generation Market, 2021-2029 (USD Million)

11 Energy DISTRIBUTION Market, 2021-2029 (USD Million)

12 UTILITIES Market, 2021-2029 (USD Million)

13 BOLT: Products & Services Offering

14 GPS Renewables: Products & Services Offering     

15 Prescinto: Products & Services Offering   

16 Numocity: Products & Services Offering     

17 Chara: Products & Services Offering            

18 Alt Mobility: Products & Services Offering               

19 EPlane : Products & Services Offering         

20 Cellestial E-Mobility: Products & Services Offering           

21 Sheru, Inc: Products & Services Offering   

22  Skilancer Solar : Products & Services Offering   

23 Other Companies: Products & Services Offering    

LIST OF FIGURES

1 India Artificial Intelligence in Renewable Energy Market Overview

2 India Artificial Intelligence in Renewable Energy Market Value From 2021-2029 (USD Million)

3 India Artificial Intelligence in Renewable Energy Market Share, By Application (2023)

4 India Artificial Intelligence in Renewable Energy Market Share, By End User (2023)

5 Technological Trends In India Artificial Intelligence in Renewable Energy Market

6 Four Quadrant Competitor Positioning Matrix

7 Impact Of Macro & Micro Indicators On The Market

8 Impact Of Key Drivers On The India Artificial Intelligence in Renewable Energy Market

9 Impact Of Challenges On The India Artificial Intelligence in Renewable Energy Market

10 Porter’s Five Forces Analysis

11 India Artificial Intelligence in Renewable Energy Market: By Application Scope Key Takeaways

12 India Artificial Intelligence in Renewable Energy Market, By Application Segment: Revenue Growth Analysis

13 Robotics Market, 2021-2029 (USD Million)        

14 Renewables Management Market, 2021-2029 (USD Million)

15 Demand Forecasting Market, 2021-2029 (USD Million)

16 Safety and Security Market, 2021-2029 (USD Million)

17 Infrastructure Market, 2021-2029 (USD Million)

18 Others Market, 2021-2029 (USD Million)

19 India Artificial Intelligence in Renewable Energy Market: By End User Scope Key Takeaways

20 India Artificial Intelligence in Renewable Energy Market, By End User Segment: Revenue Growth Analysis

21 Energy Transmission Market, 2021-2029 (USD Million)          

22 Energy Generation Market, 2021-2029 (USD Million)

23 Energy Distribution Market, 2021-2029 (USD Million)

24 Utilties Market, 2021-2029 (USD Million)

25 Four Quadrant Positioning Matrix

26 Company Market Share Analysis

27 BOLT: Company Snapshot

28 BOLT: SWOT Analysis

29 BOLT: Geographic Presence

30 GPS Renewables: Company Snapshot

31 GPS Renewables: SWOT Analysis

32 GPS Renewables: Geographic Presence

33 Prescinto: Company Snapshot

34 Prescinto: SWOT Analysis

35 Prescinto: Geographic Presence

36 Numocity: Company Snapshot

37 Numocity: Swot Analysis

38 Numocity: Geographic Presence

39 Chara: Company Snapshot

40 Chara: SWOT Analysis

41 Chara: Geographic Presence

42 Alt Mobility: Company Snapshot

43 Alt Mobility: SWOT Analysis

44 Alt Mobility: Geographic Presence

45 EPlane : Company Snapshot

46 EPlane : SWOT Analysis

47 EPlane : Geographic Presence

48 Cellestial E-Mobility: Company Snapshot

49 Cellestial E-Mobility: SWOT Analysis

50 Cellestial E-Mobility: Geographic Presence

51 Sheru, Inc.: Company Snapshot

52 Sheru, Inc.: SWOT Analysis

53 Sheru, Inc.: Geographic Presence

54 Skilancer Solar : Company Snapshot

55 Skilancer Solar : SWOT Analysis

56 Skilancer Solar : Geographic Presence

57 Other Companies: Company Snapshot

58 Other Companies: SWOT Analysis

59 Other Companies: Geographic Presence

The Global India Artificial Intelligence in Renewable Energy Market has been studied from the year 2019 till 2029. However, the CAGR provided in the report is from the year 2024 to 2029. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

India Artificial Intelligence in Renewable Energy Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the India Artificial Intelligence in Renewable Energy Market.

India Artificial Intelligence in Renewable Energy Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

India Artificial Intelligence in Renewable Energy Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

India Artificial Intelligence in Renewable Energy Market Share

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Frequently Asked Questions

The India artificial intelligence in renewable energy market is projected to grow at a CAGR of 28.8% from 2024 to 2029.
BOLT, GPS Renewables, Prescinto, Numocity, Chara, Alt Mobility, ePlane, Cellestial E-mobility, Sheru, and Skilancer Solar, among others, are some of the key players operating in the India artificial intelligence in renewable energy market.
Opportunities in Indias AI in renewable energy market include optimizing energy production through predictive analytics, enhancing grid management with AI algorithms, improving energy efficiency in manufacturing, and fostering innovation in energy storage solutions. Additionally, AI-driven applications can aid in monitoring and maintaining renewable infrastructure, creating a robust and sustainable energy ecosystem.
The increased focus on sustainability, government initiatives promoting clean energy, rising demand for efficient energy solutions, and advancements in AI technologies enhancing renewable energy infrastructure are the major drivers for India artificial intelligence in renewable energy market growth.

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