Advanced Energy Perspectives

Bob Keough

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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.

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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%.

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Topics: Advanced Energy Now Market Report

OVERVIEW: Advanced Energy Continues to Grow, in U.S. and Worldwide

Posted by Bob Keough

Jun 4, 2019 1:52:22 PM

Market Report Series - Overview-730 

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

Advanced energy revenue reached nearly $1.6 trillion worldwide in 2018, an increase of 4% over 2017, following growth of 7% the year before. Since Navigant Research started tracking for Advanced Energy Economy in 2011, global advanced energy revenue has risen at a Compound Annual Growth Rate (CAGR) of 4%. Advanced energy revenue is now equal to the global tourism industry, greater than pharmaceutical spending worldwide, and double the global airline industry.

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Topics: Advanced Energy Now Market Report

Topping 3.5 Million Workers, Advanced Energy Employment Grows Twice as Fast as All U.S. Jobs

Posted by Bob Keough

Mar 27, 2019 4:00:00 PM

AEE-jobs_by_industry_2018 graph-730

The advanced energy industry employed just over 3.5 million U.S. workers in 2018, an increase of 125,000 jobs over 2017. Advanced energy employment grew 4% last year, more than twice as fast as overall U.S. employment growth, at 1.5%. And the growth continues: Employers expect to add 6% more advanced energy jobs in the coming year. These are some of the findings derived from the 2019 U.S. Energy and Employment Report (USEER), produced by the Energy Futures Initiative (EFI) in partnership with the National Association of State Energy Officials (NASEO), using data collected and analyzed by BW Research Partnership. Want more proof that advanced energy is a major source of employment? Comparison to other significant U.S. industries might help.

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Topics: Advanced Energy Employment

Showing More Ups than Downs, Advanced Energy Employment Grows to 3.4 Million U.S. Workers

Posted by Bob Keough

Jun 20, 2018 9:41:57 AM

AEE-jobs_by_industry-2018-730

Advanced energy employs 3.4 million workers across the United States, supporting more jobs than retail stores and twice as many as hotels and motels. These are some of the findings of AEE’s analysis of the latest data on energy sector employment. The U.S. Energy and Employment Report (USEER), published this year by the National Association of State Energy Officials (NASEO) and the Energy Futures Initiative (EFI) and last year by the U.S. Department of Energy, is the definitive source of information on energy industry jobs in the United States. But digging into the data underlying the report, in collaboration with labor market research firm BW Research Associates, which administers the nationwide survey it is based on, reveals important trends in the advanced energy industry, which is both growing and changing.

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Topics: Advanced Energy Works, Advanced Energy Employment

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

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