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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 | Nov 2014

A powerful gust: Tax credits will give way to robust growth for the industry

IBISWorld’s Wind Turbine Installation market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
MasTec MasTec market share
Quanta Services Quanta Services market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 09-14
-16.4%
Annual Growth 14-19
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Profit
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Employment
17,029
Businesses
900
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 SWOT Analysis Chapter

The Wind Turbine Installation 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 25.0%. In contrast, US GDP is anticipated to grow an average of 2.5% 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 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 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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