The U.S. Industry segment had revenue of $1.2 billion in 2011. U.S. revenue in 2012 is expected to reach $1.5 billion, a 24% year-over-year increase.
The Industry segment is made up of two subsegments: Manufacturing Machinery and Process Equipment, and Industrial Combined Heat and Power (CHP). Due to lack of available data, only U.S. market data is included for the Manufacturing Machinery and Process Equipment subsegment. Furthermore, revenue from Industrial Energy Management Systems is the only product category included in that subsegment. Therefore, the market value for the Industry segment is considerably understated; as analyzed here, it had global revenue of $1.7 billion in 2011, and is estimated to be just over $1.9 billion in 2012, for growth of 11%.
The U.S. Industry segment had revenue of $1.2 billion in 2011, with Manufacturing Machinery and Process Equipment representing 80% of revenues. U.S. revenue in 2012 is expected to reach $1.5 billion, a 24% year-over-year increase.
The Industry segment in the United States had an overall economic impact on 2011 U.S. GDP of $1.9 billion, derived from the domestic content associated with U.S. Industry segment revenue. This economic activity generated $190 million in federal tax revenue and an additional $88 million in state and local tax revenue. This economic impact does not include the additional economic benefits of exports from the United States to global markets.
gross domestic product
The Industry segment contributed $1.9 billion in increased U.S. GDP in 2011.
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