ELECTRICITY DELIVERY & MANAGEMENT: Energy Storage Takes Off, On Grid and in Microgrids

Posted by Bob Keough on Jun 21, 2021 4:00:00 PM

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

The year 2019 was one of the biggest for Electricity Delivery and Management, recording 13% growth globally and 14% in the United States; 2020 was strong as well, with global growth at 9% and 10% in the U.S.

Total revenue in the global market has traditionally been driven by large-scale transmission infrastructure, but Energy Storage has emerged as the fastest growing subsegment globally, with a CAGR of 47% from 2011 to 2020 and 35% growth last year, reaching $3.8 billion. Conversely, transmission, which comprised nearly half of Electricity Delivery and Management revenue in 2011, dropped from $6 billion to just over $3.2 billion in revenue since 2016.

In the United States, Transmission, which comprised nearly half of Electricity Delivery and Management revenue in 2011, has dropped from $6 billion to just over $3.2 billion in revenue since 2016. Meanwhile, Energy Storage has taken off, especially in the past year, jumping 139%, to $1.6 billion, in 2020, capping a run at 39% CAGR since 2011.

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Topics: Advanced Energy Now Market Report

ADVANCED INDUSTRY: Energy Management, CHP Drive Market Growth

Posted by Bob Keough on Jun 15, 2021 11:20:50 AM

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

Advanced Industry consists of two subsegments: Manufacturing Machinery and Process Equipment and Industrial Combined Heat and Power (CHP). Manufacturing Machinery and Process Equipment tracks 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.

In the United States, Advanced Industry revenue grew 10% overall from 2019 to 2020, to $11.6 billion. Since 2011, U.S. Advanced Industry revenue has more than doubled, growing at a CAGR of 12%. U.S. Manufacturing Machinery and Process Equipment revenue increased 10%, to $7.0 billion, in 2020, based on sales of industrial energy management systems. CHP revenue increased by 9% year-over-year, to $4.6 billion, following 13% growth in 2019. Though smaller in the United States than Manufacturing Machinery and Process Equipment, Industrial CHP has grown faster over the 2011-2020 time period, at 18% CAGR versus 9% for Manufacturing Machinery and Process Equipment.

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Topics: Advanced Energy Now Market Report

ADVANCED FUEL DELIVERY: Following a Monumental Year for EV Charging Infrastructure, Technology Innovation

Posted by Bob Keough on Jun 7, 2021 4:30:05 PM

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

Revenue from Advanced Fuel Delivery – defined as Fueling Stations serving electric, natural gas, and hydrogen vehicles – dropped slightly in 2020 to $9.3 billion globally. This followed a monumental year of 136% growth the previous year. In the United States, the market for Advanced Fuel Delivery also saw declines in 2019 (9%) and 2020 (21%), coming after three consecutive years of growth.

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Topics: Advanced Energy Now Market Report

ADVANCED FUEL PRODUCTION: Ethanol Drops Sharply as Hydrogen Gets a New Look

Posted by Bob Keough on Jun 2, 2021 9:30:00 AM

Fuel Production opener

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

Advanced Fuel Production took a bit hit in 2020. Global revenue fell to $184.3 billion, following its highest year on record in 2019 at $221.8 billion. The United States experienced an even steeper revenue decline, down 38%, to $33.6 billion. This drop was largely due to volatility in Ethanol and Butanol revenue, which fell sharply in the U.S. in 2020 (47%) following 101% growth in 2019. Hard hit by COVID-19, U.S. ethanol consumption fell from 15.8 billion gallons in 2019 to 13.7 billion gallons in 2020. The Compound Annual Growth Rate (CAGR) for Global Advanced Fuel Production revenue over the 2011-2018 period was 6%, while in the United States CAGR was -3%.

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Topics: Advanced Energy Now Market Report

ADVANCED ELECTRICITY GENERATION: Wind Powers 10% Revenue Growth in 2020

Posted by Bob Keough on May 24, 2021 4:00:00 PM

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

At $384.4 billion, Advanced Electricity Generation is the largest advanced energy segment globally and the second largest segment of the U.S. advanced energy market, at $39.8 billion. Global revenue fell 10% from 2018 to 2019 and stayed largely flat (down less than 1%) in 2020, but this weakness masks significant growth in solar in 2019 and wind in 2020. In the U.S., advanced generation revenue has grown in each of the past two years and was up 10% overall in 2020, with solar and wind both up in 2019 and wind growing dramatically last year.

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Topics: Advanced Energy Now Market Report