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

The Wind Turbine Installation industry provides services related to the construction of wind power farms, including site planning, turbine transportation and component assembly. Industry operators also provide maintenance services for existing turbines, but generate the vast majority of their revenue from services related to the installation of new wind capacity. Wind energy generation has grown strongly over the past five years, largely due to favorable government mandates and incentives for renewable energy. However, much as during the previous period, shifting federal incentives will complicate this story. For example, power providers are expected to frontload their wind turbine installations prior to the expiration of favorable tax incentives...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
-17.8%
Forecast Growth 17-22
Profit
Employment
13,040
Businesses
117

Industry Threats & Opportunities

  • Federal incentives for wind power have been inconsistent, leading to uneven industry revenue growth
  • Due to the industry’s high volatility, it has to maintain a flexible workforce
  • Industry revenue is expected to drop off as federal incentives for wind power disappear
  • Industry Report - Industry Investment Chapter

    The Wind Turbine Installation industry exhibits a low level of capital intensity. In 2017, for every dollar spent on wages, the industry is expected to invest $0.10 on capital. The industry's capital intensity fluctuates based on its service mix, which shifts depending on the level of demand for new turbines. When the industry experiences high demand for new turbine installations, it invests more heavily in construction and transportation equipment. However, when demand for new turbines drops the industry focuses more heavily on maintenance of existing wind capacity and becomes much more labor intensive. For this reason, capital intensity is expected to decline over the next five years...purchase to read more.

    Additional Insights for the Wind Turbine Installation Industry

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

  • Economies of scale
  • Ability to pass on cost increases
  • Having links with suppliers
  • IBISWorld analysts also discuss how external factors such as Regulation for the Wind Power industry and Price of electric power in the Wind Turbine Installation industry impact industry performance..

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    What's in this report

    What is the Wind Turbine Installation Industry?

    Industry companies 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 installation
  • Electrical infrastructure
  • Project development
  • Maintenance and management
  • Industry Activities
  • Turbine transport, assembly and installation
  • Electrical infrastructure services
  • Wind farm project development
  • Turbine maintenance and management
  • 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
  • Price of electric power
  • Aggregate private investment
  • Electric power consumption

  • Current Performance
  • Production tax credit
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Fading incentives
  • Industry structure
  • Offshore wind
  • Table: Wind Turbine Installation Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Manufacturing
  • Educational Services
  • Wind Power
  • Consumers

  • Key Selling Industries
  • Construction Machinery Manufacturing
  • Long-Distance Freight Trucking
  • Wind Turbine Manufacturing

  • Products & Services
  • Assembly, transport and installation
  • Electrical infrastructure
  • Project development
  • Maintenance and management
  • Other
  • Chart: Wind Turbine Installation Industry Products and Services Segmentation

  • Demand Determinants
  • Government policy
  • Power consumption

  • Major Markets
  • Independent Power Producers
  • Utilities
  • Other
  • Chart: Major Market Segmentation for the Wind Turbine Installation Industry

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

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wind Turbine Installation Industry

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

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Wind Turbine Installation 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 Turbine Installation Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Electric power consumption (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Megawatt
  • A unit of power equal to one million watts. Wind turbine power output depends on rotor diameter and wind speed. An average commercial wind turbine outputs about 2 MW of power.
  • Nacelle
  • A housing that holds the inner working of a wind turbine. Most nacelles are made of fiberglass and house the turbine's main drive shaft, gearbox and control systems.
  • Wind Farm
  • An area of land with a group of wind turbines used to produce electric power.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Wind Turbine Installation Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    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 Turbine Installation:
    • 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 Installation 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 Installation, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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