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Wind Turbine Installation in the US: Market Research Report

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

Wind Turbine Installation Market Research Report | Technology | Renewable Energy | May 2016

Run like the wind: Tax credits will give way to robust growth for the industry

IBISWorld’s Wind Turbine Installation market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
GE GE market share
Siemens Siemens market share
Vestas Vestas market share
Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 11-16
0.1%
Annual Growth 16-21
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Profit
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Employment
14,572
Businesses
454
Industry Analysis & Industry Trends

Wind energy generation has grown strongly over the past five years, largely due to favorable government mandates and incentives for renewable energy. However, federal incentives have been inconsistent, leading to uneven growth in turbine installations between years. The flat overall growth rate during the period belies high volatility caused by the federal renewable energy production tax credit (PTC). The PTC has been the primary driver of new turbine installations because it has helped utilities offset the otherwise high costs of wind power and provide their services at prices comparable to fossil fuel-based energy. In late 2015, Congress again renewed the PTC, this time with a scheduled phase-out through 2019.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Wind Turbine Installation industry is in the decline stage of its life cycle. In the 10 years to 2021, industry value added, which measures an industry's contribution to the economy, is projected to fall at an annualized rate of 6.1%. In contrast, US GDP is anticipated to grow an average of 2.2% per year over the period. This indicates that the 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 will expire over the next five years, leading to a precipitous drop in demand for new turbine installations... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Wind Turbine Installation Industry?

Industry firms transport, construct and install wind power collection systems, such as turbines, substations and interconnections services. The work performed may include new work, reconstruction, rehabilitation, and ongoing maintenance and repairs.

Industry Products
Assembly, transport and installationElectrical infrastructureProject developmentMaintenance and management
 
Industry Activities
Turbine transport, assembly and installationElectrical infrastructure servicesWind farm project developmentTurbine maintenance and management


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