Wind Turbine Installation in the US - Industry Market Research Report

Wind Turbine Installation in the US - Industry Market Research Report

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.