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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 | Mar 2016

Against the wind: Dwindling government support will hurt demand for new 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
$14bn
Annual Growth 11-16
7.1%
Annual Growth 16-21
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Profit
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Employment
24,634
Businesses
42
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

 


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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