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Wind Power in the US - Industry Market Research Report

  • December 2016
  • 33 pages
  • Ibisworld
Report ID: 317241

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Strong winds: A focus on energy independence will stimulate healthy industry revenue growth



Abstract

Wind Power in the US

The Wind Power industry generates revenue from owning and operating wind farms and selling the produced energy to downstream customers. Over the past five years, government assistance has made this energy source more cost competitive with other electricity-generation sources, with net generation from wind continuing to increase. As a result, industry revenue is expected to grow over the next five years. Industry operators benefit from the federal production tax credit (PTC), a government incentive that pays producers per unit of energy sold, and growing support for renewable energy. The PTC offers renewable power generation operators a tax credit and has been instrumental to the industry's growth. Over the next five years, stronger economic activity and a focus on energy independence and reducing greenhouse gas emissions will contribute to growth in wind power production.

Companies in this industry operate wind farms, which consist of wind-operated turbines that are used to generate electricity.

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.



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ref:plp2016

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