Welcome!

News Feed Item

Report: Advanced Energy is a $1.1 Trillion Global Industry; Grew Twice as Fast as the World Economy in 2013

In U.S., Non-Wind Advanced Energy Grew 14 Percent, 4X U.S. Economy

WASHINGTON, Feb. 19, 2014 /PRNewswire-USNewswire/ -- At $1.1 trillion in estimated global revenue, advanced energy grew at a rate more than double the global economy last year, according to a market report commissioned by Advanced Energy Economy (AEE). In the United States, the advanced energy market excluding wind energy experienced double-digit growth the last two years – outpacing the economy by a factor of four – while wind energy saw a boom and bust in that two-year period due to inconsistent federal policy.  

(Logo: http://photos.prnewswire.com/prnh/20130820/DC67136LOGO)

The study, conducted by Navigant Research, found that advanced energy in the United States was a $169 billion market in 2013. Excluding the wind industry, which experienced a drop due to uncertainty regarding the federal Production Tax Credit (PTC), U.S. advanced energy revenue grew 18 percent in 2012 and 14 percent in 2013. Revenue from wind installations jumped from $13 billion in 2011 to $25 billion in 2012, then plunged to $2 billion in 2013. Overall, U.S. advanced energy revenue in 2013 was 27 percent higher than 2011 and down 2 percent from 2012.

In 2013, the global advanced energy market is bigger than pharmaceutical manufacturing worldwide. In the United States, the advanced energy market is as large as the airline industry. 

"Advanced energy is a vibrant industry and a vital part of America's economic future. That's what this report shows," said Graham Richard, CEO of the Advanced Energy Economy. "Advanced energy companies are delivering technologies, products, and services across our country and around the world. At AEE, we are committed to bringing together business leaders to help accelerate the progress of their industry."

Advanced Energy Economy is a national association of businesses and business leaders who are making the global energy system more secure, clean and affordable. The report, Advanced Energy Now 2014 Market Report, provides details on the most noteworthy trends in advanced energy:

  • In the United States, the advanced energy market grew strongly from 2011 to 2013 with the exception of wind. Excluding wind, the U.S. advanced energy industry grew 14 percent from 2012 to 2013, over four times the rate of the economy overall, with dramatic gains in Solar, Transportation (advanced vehicles), and Building energy. At $168.9 billion, the U.S. share of the $1.1 trillion global advanced energy market was 15 percent in 2013, up from 11 percent in 2011. The exception was wind energy, which had a severe, $23 billion revenue plunge after a banner year in 2012, due to uncertainty around the federal Production Tax Credit (PTC).
  • The most dramatic growth came in the Transportation segment, where revenue from advanced vehicles more than doubled over the two-year period. Hybrid vehicles led the way in revenue, rising from $7.2 billion in 2011 to $14 billion in 2013. The fastest growth came in plug-in electric vehicles (from $707 million in 2011 to $3.6 billion in 2013) and natural gas trucks and buses ($102 million to $530 million in that two-year span).
  • The United States has become a major market for solar energy, as solar photovoltaic revenue grew steadily over this two-year period, up 27 percent in 2012 and 54 percent from in 2013. Two-year growth, from $8.2 billion to $16.2 billion, was 97 percent.
  • Globally, the Electricity Generation segment grew by nearly 6 percent driven by hydro, solar, and biomass. Revenue from advanced vehicles (led by clean diesel autos in Europe) allowed Transportation to bounce back (up 6 percent) in 2013 from a slight dip (down 3 percent) in 2012, driven by strong growth in hybrid and plug-in hybrid vehicles.
  • Steady growth occurred worldwide over the past two years in advanced Fuel Production (up 34 percent from 2011 to 2013), led by ethanol, compressed and liquefied natural gas for transportation, and bio-oils associated with development of non-food-crop-based biofuels. The Buildings segment showed similar two-year growth (up 27 percent), led by advanced lighting. Significant growth in revenue from industrial applications of Combined Heat and Power (CHP) accounted for much of the 26 percent growth in the Industry segment from 2011 to 2013.
  • The United States remains a world leader (34 percent of global revenue) in the production of advanced fuels, principally in biofuels and synthetic diesel and gasoline, as revenue in fuel production grew steadily, up 17 percent from 2011 to 2013. Revenue from advanced building products and technologies increased 11 percent in 2012 and 12 percent in 2013, for two-year growth of 24 percent.

The full Advanced Energy Now 2014 Market Report is available for download at www.AEE.net. For a graphic presentation of the advanced energy story, and more detail on the seven industry segments and 41 subsegments that constitute advanced energy, go to www.advancedenergynow.net. For more detail on advanced energy, as well as GDP and federal, state, and tax impacts of 2011 and 2012 advanced energy market revenue, see AEE's landmark Economic Impacts of Advanced Energy, published last year.

"Every year, Navigant Research produces dozens of in-depth reports and provides custom research services for leading utilities and companies on the most important trends in clean technology," said Dexter Gauntlett, senior research analyst for Navigant Research. "This advanced energy report brings to bear the knowledge of all our experts to provide the most complete picture possible of this dynamic market. Our analysis shows that advanced energy is a significant sector of the economy in the United States and the world."

"As a nation, we need to seize on the opportunity that advanced energy provides to become more prosperous and energy independent," added AEE's Graham Richard. "That means continued business investment, R&D to spur innovations, and smart government policies at the federal and state level to drive continued growth and job creation."

About Advanced Energy Economy
Advanced Energy Economy is a national association of businesses and business leaders who are making the global energy system more secure, clean and affordable. Advanced energy encompasses a broad range of products and services that constitute the best available technologies for meeting energy needs today and tomorrow. AEE's mission is to transform public policy to enable rapid growth of advanced energy businesses. AEE and its State Partner organizations, which are active in 21 states across the country, represent roughly 1,000 organizations in the advanced energy industry. Visit Advanced Energy Economy online at: www.aee.net.

About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries.  In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets.  The team's research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors.  Additional information about Navigant Research can be found at www.navigantresearch.com.

SOURCE Advanced Energy Economy (AEE)

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and ...
Application transformation and DevOps practices are two sides of the same coin. Enterprises that want to capture value faster, need to deliver value faster – time value of money principle. To do that enterprises need to build cloud-native apps as microservices by empowering teams to build, ship, and run in production. In his session at @DevOpsSummit at 19th Cloud Expo, Neil Gehani, senior product manager at HPE, discussed what every business should plan for how to structure their teams to delive...
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We are a modern development application platform and we have a suite of products that allow you to application release automation, we do version control, and we do application life cycle management," explained Flint Brenton, CEO of CollabNet, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band-aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It does...
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web ...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments. In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera MyS...
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...