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ARTICLE · 15 MARCH 2016

AEE Releases Annual Report On Advanced Energy Growth

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
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Last week the Advanced Energy Economy (AEE) released its fourth annual Advanced Energy Now Market Report, which highlighted the spectacular growth in advanced energy over the last five years both globally and in the United States.

United StatesEnergy and Natural Resources
Sahir Surmeli
Sahir Surmeli
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Last week the Advanced Energy Economy (AEE) released its fourth annual Advanced Energy Now Market Report, which highlighted the spectacular growth in advanced energy over the last five years both globally and in the United States. Advanced energy is now a record $1.4 billion worldwide industry following a growth of 17 percent since 2011. An 8 percent increase from 2014 to 2015 was more than three times the rate of the global economy overall. Domestically, advanced energy has grown an astonishing 29 percent over the last five years and now represents a $200 billion market. For more details on the report and the findings on specific sectors in the U.S. market, read on!

Although overall growth in the U.S. looks insignificant at only 1 percent from 2014 to 2015, the advanced energy market grew at a rate of 10 percent if ethanol and the effects of low oil prices are discounted. At $200 billion, the U.S. advanced energy market is now larger than pharmaceutical manufacturing

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