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Advanced Energy Market Size, Analysis, Share & Forecast 2031
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Advanced Energy Market Size, Analysis, Share & Forecast 2031

Segments - Advanced Energy Market by Applications (Building Efficiency, Electricity Delivery & Management, Advanced Transportation, Advanced Fuel Production, Advanced Industry, Advanced Fuel Delivery, and Advanced Electricity Generation) and Regions (Europe, North America, Latin America, Asia Pacific, and Middle East & Africa): Market Analysis Forecast, 2023-2031

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Author : Raksha Sharma
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Editor : Swapnil Hedau

Upcoming | Report ID :EP-170 | 4.2 Rating | 72 Reviews | 185 Pages | Format : PDF Excel PPT

Report Description


The global advanced energy market size was valued at USD 1.93 Billion in 2022 and is likely to reach USD 3.49 Billion by 2031 , expanding at a CAGR of 6.8% during 2023 – 2031.period due to rising demand for advanced energy from various applications such as solar energy, wind energy, natural gas turbines, and building efficiency.

Advanced Energy Market Outlook

Advanced energy encompasses a wide range of technology, products, and services that facilitates sustainability, security, and affordability in the use of energy. Uninterrupted innovation through research & development and dynamic government policies are fueling market growth. Advanced energy works to make existing energy systems become secure, clean, proficient, and affordable.

  • Rising demand for advanced energy sector through solar PV industry is expected to increase the demand for advanced energy during the forecast period.

  •  The electricity generation sector has been growing at a rapid pace and this trend is anticipated to continue during the forecast period.

  • Rising applications in lighting, building envelope, electronics propulsion systems, HVAC, appliances, and fright logistics is anticipated to boost the global advanced energy market growth from 2020 to 2027.

  •  Increasing demand for hybrid and electric vehicles globally, particularly in Europe is projected to drive the market in the coming years.

  • Growing demand from building efficiency is anticipated to drive the market during the forecast period.

Scope of the report:

The report on global advanced energy market includes an assessment of the market, size, share, trends, segments, and regional markets.

Attributes

Details
Report Title Advanced Energy Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016 - 2021

Forecast Period

2023–2031

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Advanced Energy Market Insights:

The building efficiency segment is projected to grow consistently

Based on applications, the advanced energy market can be divided into building efficiency, electricity delivery & management, advanced transportation, advanced fuel production, advanced industry, advanced fuel delivery, and advanced electricity generation. The building efficiency segment has been growing at a rapid pace due to technological innovation and climate & greenhouse gas (GHG) reduction requirements put forth by governments of various nations.

The advanced transportation segment accounted for a key share of the market. Motivated by lower battery prices, all electric power train systems, a proliferation of new models and maturing plug-in hybrid, sales generated by PEV are expected to enter a period of high growth thereby driving the growth for the advanced transportation segment.

Advanced Energy Market Application

The advanced fuel production segment projected to hold significant market share

Globally, CNG/LNG now holds the biggest share of the advanced fuel market. Furthermore, as consumption and capture of landfill gas is on the rise, bio-methane is expected to show stable growth globally.

The advanced industry segment is anticipated to witness steady growth

Rise in global production and the implementation of advanced technology in industrial processes have increased manufacturing machinery & process equipment expansion, thus boosting the revenue of the advanced industry segment during the forecast period.

The revenue of the advanced fuel delivery segment is projected to remain stagnant or decline due to the reduction in investments in natural gas refueling equipment for big vehicles, thereby increasing developments in the electrification of medium- and heavy-duty trucks.

Surging investments in nuclear generation is fueling the growth of the advanced electricity generation segment. Additionally, the number of large hydropower projects is rising in Africa, thus creating of long development cycles.

Europe to constitute dominant share of the largest market

In terms of regions, the global advanced energy can be fragmented into Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the global advanced energy market in 2019 and this trend is expected to continue during the forecast period due to the growing number of power generation companies in the region and rising technological developments in the region.

Advanced Energy Market Region

Segments

By Applications

  1. Building Efficiency
  • HVAC
  • High Efficiency Lighting
  • High Efficiency Heating
  • Ventilation
  1. Electricity Delivery & Management
  • Energy Storage
  • Electric Vehicle Charging Infrastructure
  • Smart Meters
  1. Advanced Transportation
  • Plug-in Electric Vehicles
  • Clean Diesel Vehicles
  1. Advanced Fuel Production
  • CNG/LNG
  • Bio-diesel
  • Ethanol
  1. Advanced Industry
  • Manufacturing Machinery and Process Equipment
  • Industrial Combined Heat and Power (CHP)
  1. Advanced Fuel Delivery
  • Natural Gas Fueling Stations
  • Hydrogen Fuel Stations
  1.  Advanced Electricity Generation
  • Wind Energy
  • Solar PV
  • Hydropower
  • Nuclear Power

By Regions

  • Europe
  • North America
  • Latin America
  • Asia Pacific
  • Middle East & Africa

By Keyplayers

  • Siemens AG
  • Brammo Inc.
  • Clean Energy fuel Corp.
  • BG group
  • Silver Spring Networks
  • Ford
  • Schneider Electric SE
  • Alstom
  • Spang Power Electronics
  • Gripping Power
  • Glassman High Voltage
  • Advanced Energy
  • Keller HCW
  • Tigo.
  • Ascent Solar

Competitive Landscape

Some prominent plays are Siemens AG, Brammo Inc. Clean Energy fuel Corp., BG group, Silver Spring Networks, Ford, Schneider Electric SE, Alstom, Ascent Solar, Spang Power Electronics, Gripping Power, Glassman High Voltage, Advanced Energy, Keller HCW, and Tigo.

In 2020, Advanced Energy, a global leader in highly engineered, precision power conversion, measurement, and control solutions, introduced its industry-leading Ascent MS multi-output power supply system, which has enabled low system and infrastructure costs for solar photovoltaic (PV) plasma-enhanced chemical vapor deposition (PECVD) systems

Advanced Energy Market Keyplayers

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Advanced Energy Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Advanced Energy Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Advanced Energy Market - Supply Chain
  4.5. Global Advanced Energy Market Forecast
     4.5.1. Advanced Energy Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Advanced Energy Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Advanced Energy Market Absolute $ Opportunity
5. Global Advanced Energy Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Advanced Energy Market Size and Volume Forecast by Applications
     5.3.1. Building Efficiency Electricity Delivery & Management Advanced Transportation Advanced Fuel Production Advanced Industry Advanced Fuel Delivery  
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Advanced Energy Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Advanced Energy Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Advanced Energy Demand Share Forecast, 2019-2026
7. North America Advanced Energy Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Advanced Energy Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Advanced Energy Market Size and Volume Forecast by Applications
     7.4.1. Building Efficiency Electricity Delivery & Management Advanced Transportation Advanced Fuel Production Advanced Industry Advanced Fuel Delivery  
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Advanced Energy Demand Share Forecast, 2019-2026
8. Latin America Advanced Energy Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Advanced Energy Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Advanced Energy Market Size and Volume Forecast by Applications
     8.4.1. Building Efficiency Electricity Delivery & Management Advanced Transportation Advanced Fuel Production Advanced Industry Advanced Fuel Delivery  
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Advanced Energy Demand Share Forecast, 2019-2026
9. Europe Advanced Energy Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Advanced Energy Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Advanced Energy Market Size and Volume Forecast by Applications
     9.4.1. Building Efficiency Electricity Delivery & Management Advanced Transportation Advanced Fuel Production Advanced Industry Advanced Fuel Delivery  
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Advanced Energy Demand Share Forecast, 2019-2026
10. Asia Pacific Advanced Energy Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Advanced Energy Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Advanced Energy Market Size and Volume Forecast by Applications
     10.4.1. Building Efficiency Electricity Delivery & Management Advanced Transportation Advanced Fuel Production Advanced Industry Advanced Fuel Delivery  
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Advanced Energy Demand Share Forecast, 2019-2026
11. Middle East & Africa Advanced Energy Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Advanced Energy Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Advanced Energy Market Size and Volume Forecast by Applications
     11.4.1. Building Efficiency Electricity Delivery & Management Advanced Transportation Advanced Fuel Production Advanced Industry Advanced Fuel Delivery  
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Advanced Energy Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Advanced Energy Market: Market Share Analysis
  12.2. Advanced Energy Distributors and Customers
  12.3. Advanced Energy Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Siemens AG
     12.4.2. Brammo Inc.
     12.4.3. Clean Energy fuel Corp.
     12.4.4. BG group
     12.4.5. Silver Spring Networks
     12.4.6. Ford
     12.4.7. Schneider Electric SE
     12.4.8. Alstom
     12.4.9. Ascent Solar
     12.4.10. Spang Power Electronics
     12.4.11. Gripping Power
     12.4.12. Glassman High Voltage
     12.4.13. Advanced Energy
     12.4.14. Keller HCW
     12.4.15. Tigo.    

Methodology

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