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Fierce Energy: Advanced energy market tops size of airline industry

Posted by Industry News on Mar 12, 2015

Fierce Energy reported on AEE's new report, Advanced Energy Now 2015 Market Report. Barbara Lundin writes: 

In the United States, advanced energy market was an estimated $199.5 billion market in 2014 with revenue up 14 percent from 2013 -- growing at 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.

Specifically, solar energy grew 39 percent and natural gas generating equipment grew 48 percent to $6.4 billion in long-anticipated response to lower-priced natural gas supplies, signaling that the natural gas revolution is now translating into new orders, not just higher utilization of existing natural gas power plants.

Continue reading the article here. Download the report here

Topics: United In The News