Industry Analysis & Industry Trends
Wind turbine installation is one part of the multi-year process of creating a wind farm. As such, this industry's revenue is dependent on how much wind power capacity is added in a given year, making revenue highly volatile from year to year. Over the past five years, industry revenue has increased significantly as companies have pushed to complete projects before the federal production tax credit's 2012 expiration. A lack of projects slated for the near term will cause revenue to slump, though long-term offshore projects are on the horizon.... purchase to read more
Industry Report - Industry Key Buyers Chapter
The market share concentration for the Wind Turbine Installation industry is moderate. IBISWorld estimates that top four operators in the industry account for about 45.0% of industry revenue. While the industry does have some companies with a significant market share, there are a large number of small companies that entered the market in an effort to take advantage of the boom in renewable energy, servicing smaller wind farms. Similarly, many general contractors have worked to become certified to install small-scale residential wind turbines.
Over the next five years, IBISWorld expects that the industry's market share concentration will increase as major wind turbine manufacturers increasingly offer installation services... purchase to read more