Large-Scale Energy Storage Drives Advanced Electricity Delivery & Management Growth

Posted by Ryan Katofsky on Nov 8, 2023 10:26:17 AM

Investments in Advanced Transmission Augmented by IRA & IIJA

This blog post is an excerpt from the Advanced Energy Now 2023 Market Report, prepared for Advanced Energy United by  Guidehouse  Insights. This post is the fifth in a series of excerpts from the report. 

Worldwide, Advanced Electricity Delivery and Management (ED&M) products and services, which includes a subset of the overall ED&M market, achieved an 11% compound annual growth rate (CAGR) for the period 2017 to 2022; in the U.S., the CAGR was 13% over that same period.  

The year 2022 was the biggest for the segment since we started tracking it in 2011, recording 15% annual growth globally and 16% in the U.S. While global growth was slightly slower in 2021, at 14%, ED&M grew significantly in the U.S. (+41%) due to the proliferation of large-scale energy storage. The impact of energy storage technologies on total market growth has been quite significant over the past two years. For example, when excluding the Energy Storage subsegment, ED&M annual market growth in 2021 falls from 14% to 9% globally, and from 41% to 19% in the U.S. 

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Topics: Advanced Energy Now Market Report, Transmission

Advanced Electricity Generation Segment Boosted by Investment in Solar, Hydropower Markets

Posted by Ryan Katofsky on Oct 18, 2023 4:30:00 PM

Solar Overtook Wind Revenue for First Time Since 2019This blog post is an excerpt from the Advanced Energy Now 2023 Market Report, prepared for Advanced Energy United by Guidehouse Insights. This post is the fourth in a series of excerpts from the report.

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Topics: Advanced Energy Now Market Report

Smart Technology Drives Growth in Advanced Building Efficiency Segment

Posted by Ryan Katofsky on Aug 28, 2023 10:00:00 AM

Intelligent Building Solutions Grows Segment to $110.5BThis blog post is an excerpt from the Overview of the Advanced Energy Now 2023 Market Report, prepared for Advanced Energy United by Guidehouse Insights. This post is the third in a series of excerpts from the report.

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Topics: Advanced Energy Now Market Report

Advanced Transportation Dominates Energy Segment Worldwide in 2022

Posted by Ryan Katofsky on Jul 27, 2023 10:50:44 AM

Blog Segment Growth Propelled by Electric Vehicle DemandThis blog post is an excerpt from the Overview of the Advanced Energy Now 2023 Market Report, prepared for Advanced Energy United by Guidehouse Insights. This post is the third in a series of excerpts from the report.

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Topics: Advanced Energy Now Market Report

Despite COVID-19, Advanced Energy Revenue Soars Across Sectors

Posted by Ryan Katofsky on Jun 26, 2023 12:00:00 PM

Blog Advanced Energy Revenue Now Exceeds Pharmaceutical Manufacturing IndustryThis blog post is an excerpt from the Overview of the Advanced Energy Now 2023 Market Report, prepared for Advanced Energy United by Guidehouse Insights. This post is the second in a series of excerpts from the report.

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Topics: Advanced Energy Now Market Report

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