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Wind Power in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Wind Power Market Research Report | NAICS 22111d | Dec 2016

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

The Wind Power market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 11-16
11.6%
Annual Growth 16-21
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Profit
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Employment
4,662
Businesses
272
Industry Analysis & Industry Trends

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... purchase to read more

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 wind

Utility 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

 


Industry ProductsRelated ReportsTable of Contents

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 generationDistributed generation
 
Industry Activities
Generating wind power


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