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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

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
$9bn
Annual Growth 11-16
11.6%
Annual Growth 16-21
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Profit
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Employment
4,662
Businesses
191
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 - 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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