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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

The Wind Turbine Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 SWOT Analysis Chapter

The Wind Turbine industry is in the decline stage of its life cycle. Industry value added, which measures its contribution to the overall economy, is projected to decline at an annualized rate of 5.6% over the 10 years to 2021. US GDP, by contrast, is forecast to grow an annualized 2.2% over the same period. This indicates that the industry is rapidly falling as a share of the overall economy, largely due to the scheduled expiration of government renewable energy incentives, which have been the primary driver of demand for wind turbines over the past decade. The expiration of these incentives is anticipated to lead downstream utilities to frontload their purchases of wind turbines before their final year in 2019, after which demand will precipitously decline... 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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