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

Posted by Bob Keough on 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%.

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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 on 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 on 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 on 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

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

Posted by Monique Hanis on 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