Industry Analysis & Industry Trends
Demand for wind power generation will take off in the next five years, supported by favorable state-level assistance and lower prices. Investment into wind power generation will soar as the focus on reducing greenhouse gas emissions continues. Over the next five years, stronger economic activity and a focus on energy independence and reducing greenhouse gas emissions will contribute to strong ongoing growth in wind power production... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Wind power production in the United States is growing at a rapid rate. Industry value added, which measures an industry's contribution to GDP, is anticipated to increase at an annual average rate of 13.1% in the 10 years to 2018. In comparison, GDP is projected to grow at an annualized rate of 2.1%; as a result, the Wind Power industry is in the growth phase of its life cycle. Government support has been leading the industry's growth, with tax credits and utility mandates guaranteeing markets for the industry's products.
Most states have either mandatory or voluntary targets regarding energy production from renewable sources. These targets have contributed to industry revenue as utility suppliers diversify their energy inputs... purchase to read more