Wind Turbine Manufacturing in the US
The Wind Turbine Manufacturing industry has benefited from state and federal renewable energy policies over the past five years. A majority of states require utilities to generate a portion of their electricity from renewable sources, including wind. In addition, the federal renewable electricity production tax credit (PTC) subsidizes energy producers based on the amount of renewable energy they generate. However, turbine purchases have been timed to benefit from federal tax incentives, which have been inconsistent and caused significant volatility over the period. The PTC is set to be phased out completely after 2019. This trend is expected to cause a short-term surge in demand from utilities, which will likely purchase new turbines before the credit expires and reduce their investments in wind afterward. However, the industry will retain significant growth potential, as the wind sector is expected to emerge from the outlook period as an increasingly viable alternative energy source.
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.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook