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

Annual BCSE Factbook Shows Advanced Energy Stood the Test of COVID

Posted by Clare Hickham on Feb 23, 2021 1:48:13 PM

Sustainable Energy in America 2021 Factbook Cover

The Business Council for Sustainable Energy (BCSE) released its 2021 “SustainableEnergy in America Factbook” on February 18, providing an overview of U.S. energy market trends with a focus on sustainable energy. Amid a year of uncertainties from COVID-19, the Factbook demonstrates notable resilience in what it considers the sustainable energy sector. Although many market shifts will prove transient as global circumstances gradually return to normal, some industry changes are expected to have lasting impact. Here are the key Factbook takeaways:

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Topics: Advanced Energy Now Market Report

2020 ‘Factbook’ Reveals a Decade’s Shift to Advanced Energy

Posted by Monique Hanis on Feb 19, 2020 4:03:02 PM

2020_Factbook-730

Last week, the Business Council for Sustainable Energy (BCSE) and Bloomberg New Energy Finance (BNEF) released their 8th annual “2020 Sustainable Energy in America Factbook,” revealing a decade-long transformation of the U.S. energy sector to cleaner advanced energy resources. The report shows that the United States experienced extraordinary change in how we produce, deliver, manage, and consume energy as we shifted to cleaner, more efficient resources since 2010. During the same period, the economy grew more energy efficient, more energy secure, and less carbon intensive, with the American consumer becoming the primary beneficiary. Building on last year’s findings, the 2020 Factbook comes up with some interesting conclusions, some of them self-evident, others more surprising:

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Topics: Advanced Energy Now Market Report