March 16, 2015
The continued idealism of oil continues to capture the attention of the U.S. as alternative or advanced energy is establishing ground. With the facts in that “The U.S. market grew 14 percent in 2014, five times the rate of the overall economy” revealing “Global Revenue From Advanced Energy Reaches Nearly $1.3 Trillion” is information that cannot be ignored. This $1.3 trillion in global revenue in 2014, “the market for innovative energy products and services is now as large as the market for apparel and fashion, and almost four times the size of the semiconductor industry worldwide, according to a new report commissioned by the group Advanced Energy Economy (AEE).”
Last year was the biggest year for growth in advanced energy worldwide since AEE began tracking these markets in 2011 in collaboration with Navigant Research. Global revenue increased 12 percent compared to 2013.
The 14 percent growth in AAE grew five times the rate of the U.S. economy overall. This growth is to just shy of $200 billion, “making it bigger than the U.S. airline industry ($180 billion), equal to pharmaceuticals ($200 billion) and nearly the same size as consumer electronics ($211.3 billion).” Can you say wow! AAE revenue has grown 38 percent over the last four years representing 15 percent of the of the overall global market.