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Wind Turbine Installation in the US - Industry Market Research Report

Publisher IBISWorld
Published Apr 15, 2025
Length 40 Pages
SKU # IBSS20009610

Description

Wind Turbine Installation in the US

Wind turbine installers provides services related to the construction of wind power farms, including site planning, turbine transportation and component assembly. Wind turbine installers 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. For example, revenue surged in 2020 in line with the extension of the Production Tax Credit and the installation of a record 16,836 megawatts (MW) of US wind capacity. Wind turbine installation revenue has been surging at a CAGR of 11.6% over the past five years and is expected to total $5.1 billion in 2023, when revenue will jump by an estimated 0.9%. Despite heightened performance, profit will decrease due to the substantial rise in wage costs.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

40 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

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