Advanced Energy Perspectives

Bob Keough

Recent Posts

ADVANCED INDUSTRY: Industrial Energy Management Systems Drive U.S. Growth, Lead Toward Industrial Internet of Things

Posted by Bob Keough

Jul 16, 2019 5:05:10 PM

Market Report Series - Industry-730

This is one in a series of excerpts from the Advanced Energy Now 2019 Market Report, prepared for AEE by Navigant Research.

Advanced Industry, the sixth largest advanced energy segment both globally and domestically, contains two subsegments: Manufacturing Machinery and Process Equipment and Industrial Combined Heat and Power (CHP). Manufacturing Machinery and Process Equipment is tracked through sales of industrial energy management systems, which are software and services for energy management within an industrial facility or across an enterprise to meet efficiency, cost savings, and sustainability targets while maintaining optimal operation of production processes.

Global Advanced Industry revenue reached $54.5 billion in 2018, a 12% increase over 2017, building on 11% growth the year before. This is an acceleration over previous years of steady growth driven by the expansion of manufacturing machinery and process equipment caused by increased global production and the adoption of advanced technology in industrial processes. Compound Annual Growth Rate (CAGR) for global Advanced Industry revenue over the 2011-18 period was 9%. Growth in U.S. revenue was even greater over the period since 2011, more than doubling in that time, with CAGR of 12%, but essentially flat in 2018.

Read more

Topics: Advanced Energy Now Market Report

ADVANCED FUEL PRODUCTION: Ethanol Rebounds in U.S. After Decline

Posted by Bob Keough

Jul 9, 2019 11:52:43 AM

Market Report Series - U.S. Fuel Production-730

This is one in a series of excerpts from the Advanced Energy Now 2019 Market Report, prepared for AEE by Navigant Research.

Revenue from Advanced Fuel Production grew to $160 billion worldwide in 2018, an increase of 11%, after bouncing back in 2017 from down years in 2015 and 2016. In the United States, Advanced Fuel revenue staged an even bigger comeback, reaching $33.4 billion in 2018 on 12% growth year over year. In the United States, that growth was led by Ethanol, which had declined sharply in revenue in previous years, and Biodiesel, while globally CNG and LNG used for transportation accounted for the biggest revenue gains over the past two years. The Compound Annual Growth Rate (CAGR) for global Advanced Fuel Production revenue over the 2011-2018 period was 5%, while in the United States compound annual growth was -4%.

Read more

Topics: Advanced Energy Now Market Report

ADVANCED TRANSPORTATION: U.S. Revenue from Plug-In Electric Vehicles Surges 75% in 2018

Posted by Bob Keough

Jun 25, 2019 11:30:00 AM

Market Report Series - PEVs-730

This is one in a series of excerpts from the Advanced Energy Now 2019 Market Report, prepared for AEE by Navigant Research.

Advanced Transportation was the largest advanced energy segment worldwide in 2018 for the second year in a row, with an estimated $494.8 billion in revenue, up 2% from 2017 and 8% the year before. Since 2011, the Compound Annual Growth Rate (CAGR) of Advanced Transportation globally was 6%. At the end of 2018, over 5 million plug-in electric vehicles (PEVs) were on the roads worldwide. PEV sales are poised to enter a period of strong growth, driven by lower battery prices, maturing plug-in hybrid and all-electric powertrain systems, and a proliferation of new models. By the end of 2027, Navigant Research expects there to be 10 times as many PEVs on the road. In the United States, PEV sales are surging as well, with overall Advanced Transportation revenue growing 34% year over year and accounting for nearly one-third of U.S. advanced energy revenue growth in 2018. Since 2011, U.S. Advanced Transportation revenue has grown at a compound annual rate of 15%.

Read more

Topics: Advanced Energy Now Market Report, Advanced Transportation

ELECTRICITY DELIVERY & MANAGEMENT: Energy Storage, EV Charging Infrastructure, Microgrids, and Advanced Metering Infrastructure Lead Growth

Posted by Bob Keough

Jun 18, 2019 12:53:57 PM

Market Report Series - Energy Storage-730

This is one in a series of excerpts from the Advanced Energy Now 2019 Market Report, prepared for AEE by Navigant Research.

Of all the segments covered, the market for Electricity Delivery and Management products and services recorded the highest compound annual growth rate (CAGR) in the period 2011 to 2018 worldwide (12%); in the United States, CAGR was 4% over that time period. The year 2017 was one of the biggest for electricity delivery and management, recording 28% growth globally and 14% in the United States. While the market plateaued somewhat in 2018, with global growth at 6% and a slight decline in U.S. revenue, Electricity Delivery and Management products will continue to receive significant investment in the next decade. The fastest growth over the period has been in EV Charging Infrastructure and Energy Storage. These markets started at a low base, but revenue has multiplied eight-fold over the seven-year period, recording double-digit gains in 2017 and 2018 in both U.S. and world markets.

Read more

Topics: Advanced Energy Now Market Report

BUILDING EFFICIENCY: The Largest Segment of U.S. Advanced Energy Keeps on Growing

Posted by Bob Keough

Jun 11, 2019 12:16:49 PM

Market Report Series - Building Efficiency-730

This is one in a series of excerpts from the Advanced Energy Now 2019 Market Report, prepared for AEE by Navigant Research.

Consistently the most reliable growth segment of advanced energy globally and in the United States, Building Efficiency continued to grow in 2017 and 2018, spurred by technology innovation, government climate and greenhouse gas (GHG) reduction requirements, and a move toward business models that produce recurring revenues. Globally, revenue reached $298.5 billion in 2018 after growing 9% from 2017 to 2018 and 1% from 2016 to 2017. In the United States, Building Efficiency revenue grew to $83 billion, up 10% from 2017, following an increase of 9% the year before. Counting only products for which we have data for all years, U.S. Building Efficiency revenue more than doubled from 2011 to 2018, for Compound Annual Growth Rate (CAGR) of 11%, while global revenue has more than tripled over the seven years, also for CAGR of 11%.

Read more

Topics: Advanced Energy Now Market Report

About

Advanced Energy Perspectives is AEE's blog presenting news, analysis, and commentary on creating an advanced energy economy. Join the conversation!

Subscribe to Email Updates

Recent Posts