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Wind Power in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Wind Power Market Research Report | NAICS 22111d | May 2016

Against the wind: Expiration of tax incentives will curb industry's rapid recent growth

IBISWorld’s Wind Power market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 11-16
12.8%
Annual Growth 16-21
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Profit
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Employment
3,505
Businesses
190
Industry Analysis & Industry Trends

The Wind Power industry generates revenue from owning and operating wind farms and selling the produced energy to downstream customers. Over the past five years, government assistance has made this energy source more cost competitive with other electricity-generation sources, with net generation from wind continuing to increase. As a result, industry revenue is expected to grow over the next five years. Industry operators benefit from the federal production tax credit (PTC), a government incentive that pays producers per unit of energy sold, and growing support for renewable energy. The PTC offers renewable power generation operators a tax credit of 2.3 cents per kilowatt-hour of energy produced, and has been instrumental to the industry's growth... purchase to read more

Industry Report - Industry Analysis Chapter

Amid growing concern for rising levels of greenhouse gas emissions, renewable energy sources such as wind are gaining more attention. Today, the United States is home to more than 52,000 wind turbines installed across 40 states and Puerto Rico. Performance in the Wind Power industry continues to depend largely on government support for renewable energy at the federal and state levels. Federal tax credits can make wind power cost competitive with other energy-generation technologies, which translates to higher demand and revenue for the industry. Along similar lines, state governments can mandate that utilities diversify their generation sources, which leads to greater demand for wind power... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Wind Power Industry?

Companies in this industry operate wind farms, which consist of wind-operated turbines that are used to generate electricity.

Industry Products
Utility scale generationDistributed generation
 
Industry Activities
Generating wind power


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