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Wind Turbine Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Wind Turbine Manufacturing Market Research Report | NAICS 33361b | Sep 2014

Dead calm: the slowdown in government assistance will weaken demand for new wind turbines

IBISWorld’s Wind Turbine Manufacturing 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
$10bn
Annual Growth 09-14
-4.8%
Annual Growth 14-19
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Profit
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Employment
25,291
Businesses
18
Industry Analysis & Industry Trends

While the American Recovery and Reinvestment Act established incentives for renewable energy development and state governments also implemented favorable clean-energy policies, industry revenue fell during the five years to 2014, due to uncertainties regarding the extension of the PTC. However, downstream operators raced to start projects before the PTC expired in 2013, and strong demand is forecast to carry over to 2014. In the five years to 2019, the industry is expected to further decline, as a result of continued uncertainty regarding the PTC extension. As demand falls, industry operators are anticipated to consolidate manufacturing operations and shift to providing maintenance and support services. Additionally, operators are expected to rely more heavily on international markets... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Wind Turbine Manufacturing industry is in the decline stage of its life cycle. In the 10 years to 2019, industry value added, which measures an industry's contribution to the economy, is projected to fall at an annualized rate of 4.8%. In contrast, US GDP is anticipated to grow an average of 2.5% per year over the period. As a result, this industry's importance to the economy is rapidly falling, which is representative of a declining industry. In general, the wind power sector has grown over the past five years due to favorable state and federal government tax policies. However, federal tax credits expired on December 31, 2013, which will halt growth for the wind power sector and contribute to the industry's decline in the coming years... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Wind Turbine Manufacturing Industry?

The Wind Turbine Manufacturing industry manufactures wind turbine blades, towers, generators and related parts. Industry operators also provide maintenance and support services for installed wind turbines.

Industry Products
Rated capacity 2.41-3.0 MWRated capacity 2.0-2.40 MWRated capacity 1.7-1.99 MWRated capacity 1.0-1.6 MWRated capacity 0.1-1.0 MWRated capacity less than 100 KW
 
Industry Activities
Manufacture wind turbine nacellesManufacture wind turbine bladesManufacture wind turbine towersWind turbine repair and maintenanceManufacture wind turbine components


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