Artificial Intelligence in renewable energy market: Study shows important fields of application.

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Artificial Intelligence in renewable energy market: Study shows important fields of application.

Artificial Intelligence holds the potential to revolutionize the entire renewable energy sector. Through AI-powered automation, intelligent decision-making, and enhanced efficiency, a future emerges where renewable energy becomes more accessible than ever. This is the conclusion of the latest study by market research and consultancy firm Allied Market Research, which is underpinned by impressive figures: The global artificial intelligence in renewable energy market size was valued at $0.6 billion in 2022, and is projected to reach $4.6 billion by 2032, growing at a CAGR of 23.2% from 2023 to 2032.

This is where the study sees the most important fields of application:

  • enhance the productivity of renewable energy systems.
  • forecast maintenance requirements before the issue persists.
  • maximize solar panel and wind farm placement to optimize energy output.
  • manage smart grids and prevent blackout risks.
  • identify disruptions or faults in the grid.
  • enhance security measures and prevent cyber attacks.
  • minimize downtime, cut repair expenses, and enhance the general reliability of energy infrastructure.
  • decline greenhouse gas emissions.

Source: https://www.alliedmarketresearch.com/request-sample/A224072

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