Strong winds: A focus on energy independence will stimulate healthy industry revenue growth

The Wind Power industry generates revenue from owning and operating wind farms and selling the produced energy to downstream customers. Over the past five years, government assistance has made this energy source more cost competitive with other electricity-generation sources, with net generation from wind continuing to increase. As a result, industry revenue is expected to grow over the next five years. Industry operators benefit from the federal production tax credit (PTC), a government incentive that pays producers per unit of energy sold, and growing support for renewable energy. The PTC offers renewable power generation operators a tax credit and has been instrumental to the industry's growth...read more.

Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 12-17
12.5%
Forecast Growth 17-22
Profit
Employment
5,799
Businesses
305
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Industry Threats & Opportunities

  • Stronger economic activity and a focus on energy independence will contribute to growth in wind power production
  • The federal production tax credit has been the largest benefactor to the industry
  • More states are expected to introduce renewable energy targets
  • Industry Report - Industry Products Chapter

    The Wind Power industry produces a single product, electricity, from a single energy source, wind. Industry companies build out wind farms with varying electric capacities depending on the size of the land available and the strength of wind flows in the area. Utility scale windUtility scale wind, estimated to account for 69.7% of industry revenue, is defined as wind farms that have greater than one megawatt (MW) of energy capacity. One MW of energy equates to enough power to provide electricity to 200 US households. Large independent power producers and utility companies typically build these wind farms, and they require significant investment to undertake. Companies involved in this service generally do not have distribution operations. The...purchase to read more.

    Additional Insights for the Wind Power Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Wind Power 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 Electric power consumption in the Wind Power industry impact industry performance..

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    What is the Wind Power Industry?

    Companies in this industry operate wind farms, which consist of wind-operated turbines that are used to generate electricity.

    Industry Products
  • Utility scale generation
  • Distributed generation
  • Industry Activities
  • Generating wind power
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Regulation for the Wind Power industry
  • Electric power consumption
  • Price of electric power
  • World price of steel

  • Current Performance
  • The production tax credit
  • State standards stir winds
  • Chart: Revenue Growth

  • Industry Outlook
  • The future of wind
  • New opportunities in offshore wind
  • Table: Wind Power Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Electric Power Transmission
  • Construction
  • Manufacturing
  • Consumers

  • Key Selling Industries
  • Steel Framing
  • Transmission Line Construction
  • Wind Turbine Manufacturing

  • Products & Services
  • Utility scale generation
  • Distributed generation
  • Chart: Wind Power Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Utilities
  • Commercial sector
  • Industrial users
  • Chart: Major Market Segmentation for the Wind Power Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesDepreciationWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Wind Power

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wind Power Industry

  • Industry Globalization
    NextEra Energy Resources LLCAvangrid Renewables
  • Table: NextEra Energy Resources LLC - financial performance
  • Table: Avangrid Renewables - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Wind Power Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Wind Power Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Wind Power Generation (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Base-Load Power
  • Electricity provided by power stations that run continuously.
  • Intermediate Or Peak-Load Power
  • Electricity from sources that can be switched on or off to meet seasonal demand.
  • Kilowatt-Hour
  • A unit of energy measurement, equal to one kilowatt expended over one hour.
  • Production Tax Credit
  • Legislation that gives wind power generation companies 2.3 cents per kilowatt-hour of energy produced.
  • Renewable Portfolio Standards
  • Requirements that a states' utilities provide power from renewable sources as a certain percentage of its total energy portfolio.
  • Renewables
  • All types of renewable energy, such as solar, wind, hydro- and geothermal power.
  • Why buy this report?

    The Wind Power Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Wind Power:
    • 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 Power 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 Power, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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