Advanced Energy Perspectives

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 5%. 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

Despite Market, Policy Uncertainties, ‘Factbook’ Shows an Advanced Energy Boom, Employing 3 Million U.S. Workers

Posted by Monique Hanis

Feb 15, 2018 11:44:24 AM

U.S. Electricity Generation by fuel type-1.png

Today, the Business Council for Sustainable Energy (BCSE) and Bloomberg New Energy Finance (BNEF) released their 2018 “Sustainable Energy in America Factbook,” which quantifies power generation investments and production market share across the U.S., along with other noteworthy highlights. Reviewing the 2017 data, one quickly sees that advanced energy is booming, despite policy and market uncertainties on federal and state levels.

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Topics: Advanced Energy Now Market Report, This Is Advanced Energy

Solar PV Sets New Records Nationally and Globally

Posted by Frank Swigonski

Aug 1, 2017 4:06:56 PM

This post is one in a series of feature stories on trends that shape advanced energy markets in the U.S. and around the world. It is drawn from Advanced Energy Now 2017 Market Report, which was prepared for AEE by Navigant Research.

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In 2016, the solar PV industry set a record with an estimated 77.2 GW of new capacity installed around the world – 52% above 2015’s installation figure of 51 GW.[1] That does not mean the year was an easy one for the industry. Pricing pressure on manufacturers and developers alike kept revenue growth from matching the rate of deployment. Still, the global market grew 35% in 2016, to $131.8 billion.

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Topics: Advanced Energy Now Market Report

Natural Gas Fueling Stations Continue Slow Buildout

Posted by Frank Swigonski

Jul 25, 2017 11:10:00 AM

This post is one in a series of feature stories on trends that shape advanced energy markets in the U.S. and around the world. It is drawn from Advanced Energy Now 2017 Market Report, which was prepared for AEE by Navigant Research.

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In the early part of this decade, the deployment of non-traditional methods of natural gas extraction, especially hydraulic fracturing, both dramatically increased the availability of this fuel and drove down the price, making it a possible alternative to other fuels not only for power generation but also for transportation. The prospect of lower operating cost made it seem that NGVs could be a good solution for larger vehicle types (and vehicle fleets), despite higher purchase prices.

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Topics: Advanced Energy Now Market Report

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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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