Against the wind: Dwindling government support will hurt demand for new turbines

IBISWorld’s Wind Turbine Manufacturing 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.


Industry Threats & Opportunities

  • Evolution of wind turbines, and the potential rise of offshore wind in the coming years, has led to mergers
  • The vast majority of wind turbine installations contain domestically manufactured parts
  • Employment is anticipated to fluctutate in response to changes in demand

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    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 Key Buyers Chapter

    The Wind Turbine Manufacturing industry has a moderate to high level of market share concentration, with the top four manufacturers expected to generate 62.4% of total industry revenue in 2016. High concentration in the industry reflects the high level of capital and specialized knowledge required to manufacture wind turbines. High volatility in the industry also contributes to its level of concentration. Large companies with operations in other industries or foreign markets have been able to weather recent periods when demand for turbines has plummeted due to uncertainty in government policy. In contrast, smaller, less diversified manufacturers have in some cases struggled to maintain operations amid highly volatile and uncertain demand. Lar..

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    Additional Insights for the Wind Turbine Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Wind Turbine Manufacturing Industry are

  • Ability to negotiate successfully with regulator
  • Ability to pass on cost increases
  • Optimum capacity utilization
  • IBISWorld analysts also discuss how external factors such as Regulation for the Wind Power industry and Value of utilities construction in the Wind Turbine Manufacturing industry impact industry performance..

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    Industry Products

    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
    Rotors and hubs
    Other electronic components
    Industry Activities
    Manufacture wind turbine nacelles
    Manufacture wind turbine blades
    Manufacture wind turbine towers
    Wind turbine repair and maintenance
    Manufacture wind turbine components

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Regulation for the Wind Power industry
  • Value of utilities construction
  • Electric power consumption
  • Price of natural gas
  • Trade-weighted index

  • Current Performance
  • Production tax credit drives growth
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry structure
  • Overseas and offshore
  • Uncertain future
  • Table: Wind Turbine Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wind Turbine Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Electric Power Transmission
  • Wind Power
  • Consumers

  • Key Selling Industries
  • Aluminum Manufacturing
  • Circuit Board & Electronic Component Manufacturing
  • Engine & Turbine Manufacturing
  • Iron & Steel Manufacturing
  • Semiconductor & Circuit Manufacturing
  • Steel Framing
  • Steel Rolling & Drawing

  • Products & Services
  • Nacelles
  • Rotors and hubs
  • Towers
  • Other electronic components
  • Chart: Wind Turbine Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Government policy
  • Power consumption

  • Major Markets
  • Independent power producers
  • Utilities
  • Exports
  • Other
  • Chart: Major Market Segmentation for the Wind Turbine Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Wind Turbine Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wind Turbine Manufacturing Industry

  • Industry Globalization
    Major Companies
    General Electric Company Vestas Wind SystemsSiemens AG
  • Table: General Electric Company - financial performance
  • Table: Vestas Wind Systems - financial performance
  • Table: Siemens AG - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Wind Turbine Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Wind Turbine Manufacturing Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Electric power consumption (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Kilowatt Hour
  • A unit of energy measurement, equal to one kilowatt expended over one hour.
  • Nameplate Capacity
  • The highest possible output of a wind turbine based on its technical attributes.
  • Ptc
  • The abbreviation given to the Wind Power industry's production tax credit that provides operators with 2.2 cents per kilowatt hour produced.
  • Why buy this report?

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    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Wind Turbine Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Wind Turbine Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Wind Turbine Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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