This is one in a series of excerpts from the Advanced Energy Now 2019 Market Report, prepared for AEE by Navigant Research.
Advanced Electricity Generation is now the second largest advanced energy segment globally, having been displaced as the biggest by Advanced Transportation in 2017. At $453 billion, Advanced Electricity Generation was down slightly in 2018. Global revenue has been largely flat for the past two years, dropping roughly $1 billion each year since 2016, but the total masks significant growth in solar and hydropower in 2017, nuclear power in 2018, and wind in both years. In the United States, Advanced Electricity Generation continues to be the second largest segment of the advanced energy market and is still growing strongly, up 8% in 2018, with revenue growth in wind and solar, while natural gas turbines held steady. Over the 2011-18 period, the compound annual growth rate (CAGR) for Advanced Electricity Generation revenue was -1% globally, while for U.S. revenue compound annual growth was 6%.