Tag: EE News

Advanced Energy Market is Bigger than the Airline Industry

At nearly $1.3 trillion in estimated global revenue for 2014, the market for advanced energy products and services is as large as apparel and fashion and almost four times the size of the semiconductor industry worldwide, according to a report commissioned by Advanced Energy Economy (AEE), a national business association. In the United States, advanced energy market revenue grew 14% last year – five times the rate of the U.S. economy overall – to just under $200 billion, making it bigger than the airline industry, equal to pharmaceuticals, and nearly equal to consumer electronics in this country.

Also, the market for advanced energy products and services in the U.S. grew 14% in 2014 — five times as fast as the economy as a whole — capping a four-year increase of 38% over 2011.

Prepared for AEE by Navigant Research, Advanced Energy Now 2015 Market Report is the most comprehensive assessment of advanced energy markets ever compiled. Get the Report