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.
... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Wind Turbine Manufacturing industry has a high level of market share concentration, with the top four manufacturers expected to generate 70.4% 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... purchase to read more