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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 | Mar 2016

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

IBISWorld’s Wind Turbine Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 11-16
0.8%
Annual Growth 16-21
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Profit
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Employment
42,486
Businesses
49
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 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

 


Industry ProductsRelated ReportsTable of Contents

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
Rated capacity 2.41-3.0 MWRated capacity 2.0-2.40 MWRated capacity 1.7-1.99 MWRated capacity 1.0-1.6 MWRated capacity 0.1-1.0 MWRated capacity less than 100 KW
 
Industry Activities
Manufacture wind turbine nacellesManufacture wind turbine bladesManufacture wind turbine towersWind turbine repair and maintenanceManufacture wind turbine components


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