New Market Report: Advanced Energy Market in the US 2015-2019

Advanced energy is a broad range of products, services, and technologies that allows the sustainable, secure, and affordable use of energy by making use of best available technologies and practices. These products and services use energy resources more productively and hence present US companies with a financially attractive option. Advanced energy works to make existing energy systems work in a more secure, clean, efficient, and affordable way.

Technavio's analysts forecast the advanced energy market in the US to grow at a CAGR of 13.6% during the period 2014-2019.

Commenting on the report, an analyst from Technavio's team said: "The advanced energy market in the US is growing rapidly, driven by the development of new technologies, increase in consumer demand, and stringent environmental regulations. The US government is playing a crucial role in driving innovations and investments in the energy sector, which is the most regulated sector in the US."

According to the report, continuous innovation and R&D are leading to the development of new and efficient energy technologies. These technologies are enhancing energy generation and are reducing overall energy costs considerably. The advanced energy market in the country is poised for growth, driven by rising energy consumption in the US.

Further, the report states that lack of industry standards hinders innovation in applications, including smart appliances.

The key players in the Advanced Energy Market in the US are Alstom, Exxon Mobil, Panasonic, Schneider Electric and Siemens Energy while other prominent vendors include Brammo, Clean Energy Fuels, Calpine, First Solar, GE Energy, Nissan, Silver Springs Network and Tesla

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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