
Cloud Computing in Energy Market Size, Share, By Service Model, Deployment Model, Application, End-User, and By Region - Trends, Analysis, and Forecast till 2034
Description
According to the research report, the global cloud computing in energy market size was valued at USD 1.5 Billion in 2024 and is expected to reach USD 3.7 Billion by 2034, growing at a CAGR of 10.3%.
Cloud computing is dramatically changing the energy industry through the management of energy generation, delivery, and consumption by computing resources located at a distance. Huge chunks of data from sensors, smart grids, and other energy sources are efficiently stored, processed, and analyzed to provide instant insights for operational efficiency. Cloud-based platforms can manage and analyze intelligent grid data to enable the electrical grid to become more reliable and efficient.
The use of machine learning algorithms in the analysis of sensor data can help anticipate equipment breakdowns and avoid unscheduled downtime by prescheduling maintenance. Cloud-based solutions, by doing this, can schedule production even from variable renewable energy sources, which helps grid integration. Digital transformation will be able to overcome such complexities and be the requisite transition to renewable energy sources because it provides flexibility, scalability, and analytic capabilities.
The energy cloud computing market sees high competition, rapid growth, and advanced technology. So, companies are staying in the race by diversifying their portfolio of services, focusing on sustainability, and increasing their global footprint.
Top Companies in Cloud Computing in Energy Sector Market
IaaS and PaaS service models can help energy companies in a number of ways, such as virtual servers, networking, storage, and preconfigured software for asset management, customer relationship management, and meter data management; a development environment for energy apps is also provided. While private clouds can offer greater control over security and require more infrastructure and knowledge, public cloud services such as AWS, Microsoft Azure, or GCP provide scaled resources at low costs. Hybrid cloud deployment merges the use of private and public cloud services to provide firms with control over sensitive data but leverages the public cloud's scalability to minimize costs. Cloud-based solutions are deployed in this context: upstream oil and gas exploration and production operations, customer management, grid management, and renewable energy integration.
The industry in the Asia Pacific is investing heavily in distributed energy resources and smart grids to upgrade its aged infrastructure. Cloud computing drives the scalability, adaptability, and seamless connection with the larger grid. Government initiatives in support of innovative grids and renewable energy sources would further accelerate the uptake of cloud computing within the region. This has been supported by the growing share of renewable energy and energy efficiency in Europe. Cloud computing enables grid integration of various sources of renewable energy, calling for advanced management and monitoring tools. Modern grid technology reduces overall demand while optimizing energy consumption.
Segments Covered in the Report:
By Service Model:
Cloud computing is dramatically changing the energy industry through the management of energy generation, delivery, and consumption by computing resources located at a distance. Huge chunks of data from sensors, smart grids, and other energy sources are efficiently stored, processed, and analyzed to provide instant insights for operational efficiency. Cloud-based platforms can manage and analyze intelligent grid data to enable the electrical grid to become more reliable and efficient.
The use of machine learning algorithms in the analysis of sensor data can help anticipate equipment breakdowns and avoid unscheduled downtime by prescheduling maintenance. Cloud-based solutions, by doing this, can schedule production even from variable renewable energy sources, which helps grid integration. Digital transformation will be able to overcome such complexities and be the requisite transition to renewable energy sources because it provides flexibility, scalability, and analytic capabilities.
The energy cloud computing market sees high competition, rapid growth, and advanced technology. So, companies are staying in the race by diversifying their portfolio of services, focusing on sustainability, and increasing their global footprint.
Top Companies in Cloud Computing in Energy Sector Market
- Amazon Web Services (AWS)
- Microsoft Azure
- Google Cloud Platform (GCP)
- IBM Cloud
- Oracle Cloud
- Schlumberger
- Clir
- Uplight
- AVEVA
- Siemens
- GE Digital
- SAP
- In June 2024, Google’s global expansion: Investing in geothermal energy in Nevada and a major data center in Malaysia. Google has partnered with NV Energy to power its Nevada data centers with advanced geothermal electricity. The deal, subject to regulatory approval, is expected to double the power output, providing carbon-free electricity for Google's regional operations. The plan, which will increase the local power grid from 3.5 megawatts to 115 megawatts in six years, aligns with Google's goal of operating entirely on clean energy by 2030.
IaaS and PaaS service models can help energy companies in a number of ways, such as virtual servers, networking, storage, and preconfigured software for asset management, customer relationship management, and meter data management; a development environment for energy apps is also provided. While private clouds can offer greater control over security and require more infrastructure and knowledge, public cloud services such as AWS, Microsoft Azure, or GCP provide scaled resources at low costs. Hybrid cloud deployment merges the use of private and public cloud services to provide firms with control over sensitive data but leverages the public cloud's scalability to minimize costs. Cloud-based solutions are deployed in this context: upstream oil and gas exploration and production operations, customer management, grid management, and renewable energy integration.
The industry in the Asia Pacific is investing heavily in distributed energy resources and smart grids to upgrade its aged infrastructure. Cloud computing drives the scalability, adaptability, and seamless connection with the larger grid. Government initiatives in support of innovative grids and renewable energy sources would further accelerate the uptake of cloud computing within the region. This has been supported by the growing share of renewable energy and energy efficiency in Europe. Cloud computing enables grid integration of various sources of renewable energy, calling for advanced management and monitoring tools. Modern grid technology reduces overall demand while optimizing energy consumption.
Segments Covered in the Report:
By Service Model:
- Infrastructure as a Service (IaaS)
- Platform as a Service (PaaS)
- Software as a Service (SaaS)
- Public Cloud
- Private Cloud
- Hybrid Cloud
- Grid Management
- Renewable Energy Integration
- Customer Management
- Others
- Utilities
- Independent Power Producers (IPPs)
- Oil & Gas Companies
- Energy Service Companies (ESCOs)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of the Middle East & Africa
Table of Contents
178 Pages
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Preview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Technology
- Market Snippet, By Deployment Model
- Market Snippet, By Application
- Market Snippet, By End-User
- Market Snippet, By Region
- Opportunity Map Analysis
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Product Launch
- Merger and Acquisitions
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
- Market Segmentation, Service Model, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Infrastructure as a Service (IaaS)
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Platform as a Service (PaaS)
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Software as a Service (SaaS)
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, Deployment Model, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Public Cloud
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Private Cloud
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Hybrid Cloud
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, Application, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Grid Management
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Renewable Energy Integration
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Customer Management
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, End-User, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Utilities
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Independent Power Producers (IPPs)
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Oil & Gas Companies
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Energy Service Companies (ESCOs)
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Region, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (USD Bn), By Service Model, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Deployment Model, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- U.S
- Canada
- Asia Pacific
- Market Size and Forecast (USD Bn), By Service Model, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Deployment Model, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Europe
- Market Size and Forecast (USD Bn), By Service Model, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Deployment Model, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
- Latin America
- Market Size and Forecast (USD Bn), By Service Model, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Deployment Model, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- Market Size and Forecast (USD Bn), By Service Model, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Deployment Model, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of the Middle East and Africa
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Amazon Web Services (AWS)
- Microsoft Azure
- Google Cloud Platform (GCP)
- IBM Cloud
- Oracle Cloud
- Schlumberger
- Clir
- Uplight
- AVEVA
- Siemens
- GE Digital
- SAP
- The Last Word
- Future Impact
- About Us
- Contact
Pricing
Currency Rates
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