Industry Analysis & Industry Trends
The Wind Turbine Manufacturing industry has benefited from state and federal policies over the past five years. A majority of states require utilities to generate a portion of their electricity from renewable sources, including wind.The rapid evolution of wind turbines, and the potential rise of offshore wind in the coming years, has led to mergers as the industry's major players seek to combine research and development or gain access to new technology. Over the five years to 2021, industry revenue is projected to drop, however, it will retain significant growth potential, and is expected to emerge from the period increasingly viable against alternative sources of energy.
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Industry Report - Industry Investment Chapter
The Wind Turbine Manufacturing industry requires a large amount of capital in the form of plant and equipment. The assembly process involves repetitive actions that can be automated to increase production speed and cost efficiency, but workers are needed to fine tune and perform quality control throughout the assembly line. In 2016, for every dollar spent on wages, industry companies are expected to invest $0.33 on capital. Although production line workers command modest wages, the industry is also dependent on a large number of highly skilled machinists, engineers and production managers. Over the past five years, capital intensity has increased, because industry operators scaled down workforces due to volatile demand and an uncertain regulatory landscape... purchase to read more