Reports and Data has recently published a novel research report titled, Global AI in Oil and Gas Market Industry Analysis, Share, Size, Growth, Trends and Forecast to 2026. The report offers a comprehensive analysis of historical and emerging trends in the market along with market size, revenue growth, drivers, restraints, opportunities, along with top companies. The main aim of the report is to help the user, reader, investor understand the exact market scenario. The report is generated through extensive primary and secondary research, and is thoroughly evaluated by experts in the industry. The report also utilizes key statistical tools such as SWOT analysis, Porter’s Five Force and venture return analysis.

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Top companies in the AI in Oil and Gas market include:

  • Google LLC
  • IBM Corp.
  • FuGenX Technologies Pvt. Ltd.
  • Hortonworks Inc.
  • Microsoft Corp.
  • Exxon Mobil
  • Numenta Inc
  • Cisco

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Market Overview:

Power and energy industry comprises of key companies operating in fuel, petroleum, natural gas, and nuclear power markets. Constant production of energy and power is imperative for country’s economic growth. It also covers exploration and production of oil and gas reserves, oil and gas drilling, and refining industries. Power and energy sector is one of the most diversified sector across the globe. Rapid industrialization and urbanization has increased the dependency on power and energy and industries today consume large amounts of fuel making energy industry a crucial element of today’s industrial infrastructure.

With increasing focus on sustainable energy and alternative sources of energy to mitigate global warming, countries today are heavily investing in hydroelectric power, solar power, and wind energy. Widespread demand for energy and power has led to the emergence of lucrative growth opportunities in the market and accelerated revenue growth of the retail energy markets. However, negative environmental impact of prolonged use of fossil fuels, depletion of energy resources, and increasing amount of pollutants in the atmosphere are some key restraining factors. Increasing automation in power and energy industry, integration of advanced technology like AI, growing focus on hybrid and electric vehicles, and increasing emphasis on improve energy variability and costs for residential and commercial buildings and vehicles are set to open new paths for the growth of the energy and power sector.

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The report sheds special focus on the factors that propel the growth of the industry. For better understanding, the report segments the AI in Oil and Gas market into key divisions such as types, applications, end-use, technology, region, and others. These segments are extensively analyzed to offer better forecast for the global and regional market and key factors influencing their growth are also covered in the report.

Market segment:

Market segment based on Application:

Market segment based on Operation:

  • Upstream
  • Midstream
  • Downstream

Regional Analysis Covers:

  • North America (U.S.A., Canada, Mexico)
  • Europe (U.K., Italy, Germany, France, Rest of Europe)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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