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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 | Jul 2015

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
$7bn
Annual Growth 10-15
13.9%
Annual Growth 15-20
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Profit
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Employment
3,356
Businesses
185
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 2020, 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 10.6% in the 10 years to 2020. 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 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. 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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