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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 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 7.2% in the 10 years to 2021. In comparison, GDP is projected to grow at an annualized rate of 2.2% over the same period. As a result, the Wind Power industry's importance to the economy is increasing, which indicates that the 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.

A majority of states have either mandatory or voluntary targets regarding energy production from renewable sources... 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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