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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 | Aug 2014

High winds: A strengthening US economy and growing demand for electricity will benefit the industry

IBISWorld’s Wind Power market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 09-14
18.1%
Annual Growth 14-19
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Profit
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Employment
14,280
Businesses
96
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, favorable government assistance has made this energy source cost competitive with other electricity-generation sources, lifting wind power's share of the total electricity generated in the United States. However, the federal production tax credit (PTC) expired on December 31, 2013, and no new tax incentive has been established, which will likely constrain industry growth by increasing wind farm construction costs... purchase to read more

Industry Report - Starting a New Business Chapter

Prospective companies that seek to enter the Wind Power industry face high barriers to entry because they must have a large amount of capital and considerable expertise. New entrants need to secure a significant amount of capital to enter the industry, as the cost for wind power producing equipment is high. Equipment represents the largest cost for wind power-generation companies. The industry is benefiting from growing concern over greenhouse gas emissions associated with fossil fuel-fired power plants. However, production costs are higher than those associated with fossil fuels, such as coal.

Finding companies and experts who have extensive knowledge of wind is a barrier to entry... 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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