Bob Keough

Recent Posts

ADVANCED TRANSPORTATION: 2020’s Fastest Growing Market Segment is Driven by Sales of Plug-In Electric Vehicles

Posted by Bob Keough on May 17, 2021 4:00:00 PM

Advanced Transportation AEN 2021

This post is the third in a series of excerpts from the Advanced Energy Now 2021 Market Report, prepared for AEE by Guidehouse Insights.

Advanced Transportation was the third largest advanced energy segment worldwide in 2020, with an estimated $318.9 billion in revenue, with 15% growth from 2019 to 2020, highest of all segments. Globally, Advanced Transportation revenue has grown at an 18% CAGR since 2011. Driving much of this growth is the recent boom in plug-in electric vehicle (PEV) sales. Global PEV revenue has grown at a staggering CAGR of 59% since 2011, reaching $120 billion in 2020. Outside of a year in 2018, PEV revenues have grown by at least 25% every year, with most years registering over 60% annual growth. Since 2011, U.S. Advanced Transportation revenue has grown at a compound annual rate of 17%. As with global markets, surging PEV sales have driven overall Advanced Transportation revenue upward, reaching nearly $37.7 billion in 2020.

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Topics: Advanced Energy Now Market Report

BUILDING EFFICIENCY: Residential Energy Efficiency, Smart Appliances Drive 5% Growth in U.S.

Posted by Bob Keough on May 10, 2021 4:00:00 PM

This post is one in a series of excerpts from the Advanced Energy Now 2021 Market Report, prepared for AEE by Guidehouse Insights.

Over the past decade, Building Efficiency has remained a consistently reliable growth segment for advanced energy globally and in the United States. Global Building Efficiency revenue reached $341.7 billion in 2020 after growing 5% in 2020 and 9% in 2019. In the United States, Building Efficiency revenue grew to $94.5 billion, up 5% in 2020, following an increase of 9% in 2019. Over the period 2011-2020, Building Efficiency revenue grew at a compound annual growth rate (CAGR) of 11% globally and 10% in the U.S., counting only products for which we have data for all years.

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Topics: Advanced Energy Now Market Report

OVERVIEW: U.S. Advanced Energy Revenue Showed Growth in Advanced Vehicles, Building Efficiency, Storage, Wind Energy

Posted by Bob Keough on May 3, 2021 4:00:00 PM

MR21 Overview US industry 750

This post is one in a series of excerpts from the Advanced Energy Now 2021 Market Report, prepared for AEE by Guidehouse Insights.

Advanced energy revenue reached over $1.4 trillion worldwide in 2020, growing by 2.5% over 2019, following 7% growth the year prior. Advanced energy revenue is now greater than pharmaceutical manufacturing globally, and double that of coal mining. In the United States, advanced energy revenue had a strong year in 2019, growing a robust 18%, before falling 2% in 2020, in parallel with the decline of U.S. GDP overall. Still, at $240 billion, U.S. advanced energy revenue is close to that of food and beverage stores and twice the revenue of electrical equipment and appliances. Since 2011, U.S. advanced energy revenue has grown at CAGR of 5%.

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Topics: Advanced Energy Now Market Report

At 3.2 Million Workers, Advanced Energy Jobs Are On the Rebound and Ready to Take Off

Posted by Bob Keough on Apr 19, 2021 10:00:00 AM

AEE-Jobs-by-Industry 2020 - 750

As we learned from the Advanced Energy Now 2021 Market Report, the U.S. market for advanced energy products and services proved remarkably resilient in 2020, despite the disruptions of COVID-19. Excluding Ethanol – a large but volatile slice of the domestic market that flipped from record 2019 revenue to 2020 crash – U.S. advanced energy revenue grew roughly 8% per year in both 2019 and 2020. But the COVID impact on employment was more severe, at one point accounting for the loss of more than 600,000 jobs. Still, at 3.2 million jobs nationwide at the end of 2020, advanced energy employs more U.S. workers than Food & Beverage Stores and twice as many as Commercial Banks. What’s more: advanced energy jobs are on the rebound, and ready to scale up for a national push for clean energy and jobs.

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Topics: Advanced Energy Employment, Manufacturing and Infrastructure

At 3.6 Million Jobs in 2019, Advanced Energy Was Growing. Then the Pandemic Hit.

Posted by Bob Keough on Apr 22, 2020 5:04:55 PM

2020 jobs industry-500

Since 2016, the year when authoritative data first became available, we have been reporting the size and growth of employment in advanced energy on an annual basis. During that time, we have seen U.S. advanced energy jobs grow from 2.7 million in 2015 to 3.6 million in 2019. Each year the growth in advanced energy employment has outpaced growth in U.S. jobs overall, often by a factor of two or more. So it is with the latest numbers. But this is not like any other year. Rather, the job growth of last year is now overshadowed by the immediate job losses resulting from the coronavirus pandemic. Now the critical jobs need is sustaining the industry during the lockdown – and making good on the employer expectations of growth coming into 2020 by driving the economic recovery to follow.

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Topics: Federal Policy, Advanced Energy Employment