|By PR Newswire||
|February 19, 2014 06:00 AM EST||
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.
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)
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
Sep. 27, 2016 01:45 PM EDT
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Sep. 27, 2016 01:30 PM EDT Reads: 1,708
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
Sep. 27, 2016 01:15 PM EDT Reads: 2,724
We’ve been doing it for years, decades for some. How many websites have you created accounts on? Your bank, your credit card companies, social media sites, hotels and travel sites, online shopping sites, and that’s just the start. We do it often without even thinking about it, quickly entering our personal information, our data, in a plethora of systems. Sometimes we’re not even aware of the information we are providing. It could be very personal information (think of the security questions you ...
Sep. 27, 2016 01:15 PM EDT Reads: 4,572
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
Sep. 27, 2016 01:00 PM EDT Reads: 2,652
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
Sep. 27, 2016 01:00 PM EDT Reads: 1,588
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
Sep. 27, 2016 01:00 PM EDT Reads: 2,804
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). Download Slide Deck: ▸ Here In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discusse...
Sep. 27, 2016 12:30 PM EDT Reads: 2,352
Whether they’re located in a public, private, or hybrid cloud environment, cloud technologies are constantly evolving. While the innovation is exciting, the end mission of delivering business value and rapidly producing incremental product features is paramount. In his session at @DevOpsSummit at 19th Cloud Expo, Kiran Chitturi, CTO Architect at Sungard AS, will discuss DevOps culture, its evolution of frameworks and technologies, and how it is achieving maturity. He will also cover various st...
Sep. 27, 2016 12:30 PM EDT Reads: 1,707
If you had a chance to enter on the ground level of the largest e-commerce market in the world – would you? China is the world’s most populated country with the second largest economy and the world’s fastest growing market. It is estimated that by 2018 the Chinese market will be reaching over $30 billion in gaming revenue alone. Admittedly for a foreign company, doing business in China can be challenging. Often changing laws, administrative regulations and the often inscrutable Chinese Interne...
Sep. 27, 2016 12:26 PM EDT Reads: 160
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
Sep. 27, 2016 12:15 PM EDT Reads: 216
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Sep. 27, 2016 12:15 PM EDT Reads: 4,546
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
Sep. 27, 2016 12:15 PM EDT Reads: 3,189
Video experiences should be unique and exciting! But that doesn’t mean you need to patch all the pieces yourself. Users demand rich and engaging experiences and new ways to connect with you. But creating robust video applications at scale can be complicated, time-consuming and expensive. In his session at @ThingsExpo, Zohar Babin, Vice President of Platform, Ecosystem and Community at Kaltura, will discuss how VPaaS enables you to move fast, creating scalable video experiences that reach your...
Sep. 27, 2016 12:00 PM EDT Reads: 1,061
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
Sep. 27, 2016 12:00 PM EDT Reads: 2,592