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, favorable government assistance has made this energy source cost competitive with other electricity-generation sources, lifting wind power's share of the total electricity generated in the United States. However, the federal production tax credit (PTC) expired on December 31, 2013, and no new tax incentive has been established, which will likely constrain industry growth by increasing wind farm construction costs. In the five years to 2019, stronger economic activity and a focus on energy independence and reducing greenhouse gas emissions will contribute to growth in wind power production. Nonetheless, no new tax incentives will likely continue to threaten industry growth.
Companies in this industry operate wind farms, which consist of wind-operated turbines that are used to generate electricity.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.