Global Quantum Computing in Energy and Utility Market value expected to grow with CAGR of 4.40% until 2034
From GlobeNewswire: 2025-07-02 15:30:00
A new report by Custom Market Insights reveals that the global Quantum Computing in Energy and Utility Market was valued at USD 15.42 Billion in 2024, expected to reach USD 16.10 Billion in 2025, and projected to hit USD 23.72 Billion by 2034, with a CAGR of about 4.40% during 2025-2034.
Quantum computing applications in energy and utilities are driven by increased efficiency in operating complex processes, aiding in better utility forecasting for renewable energy sources like wind and solar. This technology enhances grid management, predictive maintenance, and energy storage systems, offering cost-effective solutions for utility companies.
Key trends driving quantum computing adoption in the energy sector include improved energy efficiency, better integration of renewable energy sources, cost optimization, enhanced decision-making through predictive analytics, and support for smart grid and IoT integration. Quantum computing enables faster data processing, more accurate energy forecasting, and optimized resource allocation for increased energy efficiency. The Quantum Computing in Energy and Utility market is projected to reach USD 23.72 billion by 2034, with a CAGR growth rate of 4.40% from 2025 to 2034. The report covers revenue estimation, company profiles, and growth factors across North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America.
A free sample of the report includes an in-depth industry analysis, COVID-19 impact study, and updated regional analysis for 2025. It provides insights into top market players, business strategies, and custom market insights. Quantum computing offers energy companies rapid solutions for grid management, predictive maintenance, and energy efficiency, with potential for sustainability programs.
Strengths of quantum computing in energy include improved computational ability and support for sustainability programs, while weaknesses include challenges in scalability and high costs. Opportunities lie in leveraging renewable energy and smart grid systems, while threats include competition with classical computing technologies and regulatory issues. Quantum computing offers a promising solution for energy optimization and sustainability. The Quantum Computing in Energy and Utility Market Report answers key questions about market size, growth rate, top companies, categories, fastest-growing segments, and value chain roles. It offers Market Share, Size & Forecast, Market Dynamics, Market Segmentation, and Competitive Landscape. Get a free sample report and company profiles.
The report includes a regional analysis of the Quantum Computing in Energy and Utility Market, covering North America, Europe, Asia-Pacific, and LAMEA. North America leads in quantum computing investment, with major players like IBM, Google, and Microsoft. Europe is increasing investment in quantum computing for energy innovation. Asia-Pacific is growing rapidly in quantum technology, with countries like China, Japan, and India investing heavily. LAMEA is an emerging market, with countries like Brazil and Mexico exploring quantum-based energy solutions. The LAMEA region faces challenges in adopting quantum computing due to economic and infrastructural issues. However, a focus on sustainable development could create opportunities for quantum computing in the energy sector. Major players in the Quantum Computing in Energy and Utility Market include IBM, Google, Microsoft, and more. For more information, access a free sample report here: https://www.globenewswire.com/news-release/2025/07/02/3109476/0/en/Global-Quantum-Computing-in-Energy-and-Utility-Market-Size-Share-Worth-USD-23-72-Billion-by-2034-at-4-40-CAGR-Custom-Market-Insights-Analysis-Outlook-Leaders-Report-Trends-Forecast.html. Benefit from comprehensive coverage, market tables, and figures, as well as discounts and customization options. 1. In a groundbreaking study, researchers have discovered a potential new treatment for Alzheimer’s disease. The treatment involves a drug that targets a protein linked to the development of the disease. Clinical trials have shown promising results, with patients experiencing improvements in memory and cognitive function.
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