Quantum Computing in Energy and Utility Market Size, Share, and Trends 2025 to 2034

The global quantum computing in energy and utility market size is calculated at USD 16.10 billion in 2025 and is forecasted to reach around USD 23.72 billion by 2034, accelerating at a CAGR of 4.40% from 2025 to 2034. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : June 2025
  • Report Code : 6161
  • Category : Energy and Power

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Quantum Computing in Energy and Utility Market 

5.1. COVID-19 Landscape: Quantum Computing in Energy and Utility Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Quantum Computing in Energy and Utility Market, By Technology

8.1. Quantum Computing in Energy and Utility Market Revenue and Volume, by Technology

8.1.1 Quantum Annealing

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Quantum Simulation

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Quantum Computing Hardware

8.1.3.1. Market Revenue and Volume Forecast

8.1.4. Quantum Computing Software

8.1.4.1. Market Revenue and Volume Forecast  

Chapter 9. Global Quantum Computing in Energy and Utility Market, By Application

9.1. Quantum Computing in Energy and Utility Market Revenue and Volume, by Application

9.1.1. Energy Grid Optimization

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Renewable Energy Management

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. Energy Forecasting

9.1.3.1. Market Revenue and Volume Forecast

9.1.4. Molecular Simulation

9.1.4.1. Market Revenue and Volume Forecast

9.1.5. Risk Management

9.1.5.1. Market Revenue and Volume Forecast

9.1.6. Battery and Energy Storage Optimization

9.1.6.1. Market Revenue and Volume Forecast

Chapter 10. Global Quantum Computing in Energy and Utility Market, By Component

10.1. Quantum Computing in Energy and Utility Market Revenue and Volume, by Component

10.1.1. Hardware

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. Software

10.1.2.1. Market Revenue and Volume Forecast

10.1.3. Services

10.1.3.1. Market Revenue and Volume Forecast

Chapter 11. Global Quantum Computing in Energy and Utility Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Volume Forecast, by Technology

11.1.2. Market Revenue and Volume Forecast, by Application

11.1.3. Market Revenue and Volume Forecast, by Component

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Technology

11.1.4.2. Market Revenue and Volume Forecast, by Application

11.1.4.3. Market Revenue and Volume Forecast, by Component

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Technology

11.1.5.2. Market Revenue and Volume Forecast, by Application

11.1.5.3. Market Revenue and Volume Forecast, by Component

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Technology

11.2.2. Market Revenue and Volume Forecast, by Application

11.2.3. Market Revenue and Volume Forecast, by Component

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Technology

11.2.4.2. Market Revenue and Volume Forecast, by Application

11.2.4.3. Market Revenue and Volume Forecast, by Component

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Technology

11.2.5.2. Market Revenue and Volume Forecast, by Application

11.2.5.3. Market Revenue and Volume Forecast, by Component

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Technology

11.2.6.2. Market Revenue and Volume Forecast, by Application

11.2.6.3. Market Revenue and Volume Forecast, by Component

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Technology

11.2.7.2. Market Revenue and Volume Forecast, by Application

11.2.7.3. Market Revenue and Volume Forecast, by Component

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Technology

11.3.2. Market Revenue and Volume Forecast, by Application

11.3.3. Market Revenue and Volume Forecast, by Component

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Technology

11.3.4.2. Market Revenue and Volume Forecast, by Application

11.3.4.3. Market Revenue and Volume Forecast, by Component

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Technology

11.3.5.2. Market Revenue and Volume Forecast, by Application

11.3.5.3. Market Revenue and Volume Forecast, by Component

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Technology

11.3.6.2. Market Revenue and Volume Forecast, by Application

11.3.6.3. Market Revenue and Volume Forecast, by Component

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Technology

11.3.7.2. Market Revenue and Volume Forecast, by Application

11.3.7.3. Market Revenue and Volume Forecast, by Component

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Technology

11.4.2. Market Revenue and Volume Forecast, by Application

11.4.3. Market Revenue and Volume Forecast, by Component

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Technology

11.4.4.2. Market Revenue and Volume Forecast, by Application

11.4.4.3. Market Revenue and Volume Forecast, by Component

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Technology

11.4.5.2. Market Revenue and Volume Forecast, by Application

11.4.5.3. Market Revenue and Volume Forecast, by Component

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Technology

11.4.6.2. Market Revenue and Volume Forecast, by Application

11.4.6.3. Market Revenue and Volume Forecast, by Component

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Technology

11.4.7.2. Market Revenue and Volume Forecast, by Application

11.4.7.3. Market Revenue and Volume Forecast, by Component

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Technology

11.5.2. Market Revenue and Volume Forecast, by Application

11.5.3. Market Revenue and Volume Forecast, by Component

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Technology

11.5.4.2. Market Revenue and Volume Forecast, by Application

11.5.4.3. Market Revenue and Volume Forecast, by Component

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Technology

11.5.5.2. Market Revenue and Volume Forecast, by Application

11.5.5.3. Market Revenue and Volume Forecast, by Component

Chapter 12. Company Profiles

12.1. IBM Corporation  

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Microsoft Corporation

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. D-Wave Systems Inc.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Rigetti Computing

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Google Quantum AI (Alphabet Inc.)

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Intel Corporation

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Xanadu Quantum Technologies

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Honeywell Quantum Solutions

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. IonQ

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Zapata Computing

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

For questions or customization requests, please reach out to us at sales@precedenceresearch.com

Frequently Asked Questions

The global quantum computing in energy and utility market is expected to increase from USD 15.42 billion in 2024 to USD 23.72 billion by 2034.

The quantum computing in energy and utility market is anticipated to grow at a CAGR of 4.40% between 2025 and 2034.

The major players in the quantum computing in energy and utility market include IBM Corporation, Microsoft Corporation, D-Wave Systems Inc., Rigetti Computing, Google Quantum AI (Alphabet Inc.), Intel Corporation, Xanadu Quantum Technologies, Honeywell Quantum Solutions, IonQ, Zapata Computing, Q-CTRL, Atos SE, Fujitsu, Quantum Computing Inc. (QCI), and Alpine Quantum Technologies (AQT).

The driving factors of the quantum computing in energy and utility market are the advancements in quantum hardware and software are fostering innovation and enhancing the capabilities of quantum computers.

North America region will lead the global quantum computing in energy and utility market during the forecast period 2025 to 2034.

Ask For Sample

No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client