It’s everything from wind power to nuclear power, hybrid and electric vehicles to high efficiency HVAC, new fuels to new lighting. It’s about innovation that makes energy more secure, clean, and affordable. Just as the Internet economy transformed society in unexpected ways, the advanced energy economy has the potential to create dramatic new opportunities for economic growth in the U.S. and around the world.
Advanced energy is big business - with big benefits.
With a world market presenting a $1 trillion business opportunity and an expanding U.S. market of $132 billion in 2011, advanced energy is poised to be a growth engine for the U.S. economy. In addition to providing opportunity, advanced energy technologies, products, and services deliver on cost savings, air quality, and energy we can rely on.
Transportation, Fuel Production, Fuel Delivery, Buildings, Industry, Electricity Generation, Electricity Delivery and Management – representing technologies, products, and services that make energy more secure, clean, and affordable.
Propulsion Systems was the only subsegment quantified, based on the revenues from vehicle sales. In the United States, Transportation was a $11.7 billion market in 2011, but was expected to grow by 60% to $18.7 billion in 2012, driven by a sharp rise in sales of advanced vehicles of all kinds.
The Fuel Production segment includes seven subsegments:
Ethanol and Butanol // Biodiesel // Biogas // Synthetic Diesel and Gasoline // Bio-oil // Compressed Natural Gas (CNG) & Liquefied Natural Gas (LNG) // Hydrogen
In 2011, Fuel Production was the largest U.S. segment, with revenues of $42.7 billion, led by ethanol production. The segment is expected to grow 10% in 2012, to $46.8 billion.
The Buildings segment includes eight subsegments:
Building Design // Building Envelope // Heating, Ventilation, and Air Conditioning (HVAC) // District Energy, Combined Heat and Power (CHP), and Combined Cooling Heating and Power (CCHP) // Water Heating // Lighting // Appliances and Electronic Equipment // Enabling Information Technology
Buildings segment revenue in the U.S. was $35.3 billion in 2011, with 2012 revenue expected to grow 18% to $41.6 billion. It was the second largest U.S segment in 2011.
The U.S. Industry segment had revenue of $1.2 billion in 2011, with Manufacturing Machinery and Process Equipment representing 80% of revenue. In 2012, revenues are expected to reach $1.5 billion, a 24% year-on-year increase.
Electricity Generation segment revenue in the U.S. in 2011 was $32.5 billion and is expected to grow 14% in 2012 to $37.2 billion. In both years, Wind, Solar, and Gas Turbines make up over 90% of the market, with Wind and Solar revenues each exceeding $10 billion. It was the third largest segment in the U.S. in 2011.
The Electricity Delivery and Management includes seven subsegments:
Transmission // Distribution // Advanced Metering Infrastructure (AMI) // Microgrids // Electric Vehicle Charging Infrastructure // Energy Storage // Enabling Information and Communication Technology.
Total 2011 U.S. vendor revenue was slightly more than $8.4 billion and is estimated to exceed $10.7 billion for 2012, for year-on-year growth of 27%.