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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

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
$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 - 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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