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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 | Sep 2014

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

The Wind Power market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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
3,246
Businesses
140
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. In the five years to 2019, stronger economic activity and a focus on energy independence and reducing greenhouse gas emissions will contribute to 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 14.1% in the 10 years to 2019. In comparison, GDP is projected to grow at an annualized rate of 2.5% over the same period. As a result, the Wind Power industry's importance to the economy is growing, 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. However, the expiration of the production tax credit at the end of 2013 may pose some threats to the industry's growth prospects... 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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