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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 Analysis Chapter

The health of the Wind Power industry in the United States depends largely on government support for renewable energy at the federal and state levels. Federal tax credits can make wind power cost competitive with other energy-generation technologies, which translates to higher demand and revenue for the industry. Along similar lines, state governments can mandate that utilities diversify their generation sources, which leads to greater demand for wind power. As a result of advantageous legislation over the five-year period, revenue for the industry has increased an average annual 13.9% to $7.0 billion... 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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