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Wind Turbine Manufacturing in the US: Market Research Report

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

Wind Turbine Manufacturing Market Research Report | NAICS 33361b | Nov 2016

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

IBISWorld’s Wind Turbine Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
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 Locations Chapter

There are very few manufacturing facilities that primarily operate in the Wind Turbine Manufacturing industry, with an estimated 49 industry enterprises and 78 establishments throughout the United States. However, many more companies for which wind turbines are not a primary product nevertheless manufacture components that are used in wind turbines. The following geographic distribution includes related parts producers and is based on data from the American Wind Energy Association.

Great Lakes

The Great Lakes region has the highest concentration of wind-related manufacturing activity, accounting for an estimated 31.7% of industry establishments and suppliers. Many of the components in wind turbines are similar to those used in engines and other auto parts. As .. ... purchase to read more

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... purchase to read more


    Industry ProductsRelated Reports

    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
    NacellesRotors and hubsTowersOther electronic components
    Industry Activities
    Manufacture wind turbine nacellesManufacture wind turbine bladesManufacture wind turbine towersWind turbine repair and maintenanceManufacture 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
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wind Turbine Manufacturing Industry
  • Industry Globalization
    Major Companies
    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
  • 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
  • Includes:
  • 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?
    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 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 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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