“Recovery is gradually taking hold across the wind turbines industry in North America, and many key industry players are optimistic about the North American market as turbine costs continue to drop dramatically,” says research analyst Dexter Gauntlett. “However, the uncertainty surrounding the extension of the production tax credit in the U.S. continues to prevent the country from reaching its full potential. The United States produces enough electricity from wind energy to power 10 million homes – but there is still plenty of room to grow. Wind still accounts for only 2.3% of total electricity generation in the United States, compared with around 20% of total generation in some countries.”
One factor powering the wind turbines industry is consolidation. Over the past three years, numerous high-level mergers and acquisitions have resulted in more dynamic, vertically integrated companies. While the majority are pure technology plays, the increasing trend is for manufacturers to acquire wind farm development companies (or “downstream integrate”) as a strategy for ensuring the use of their turbines. Siemens, for example, has done this in the United States with the Cape Wind offshore wind farm installation.
Pike Research’s report, “Wind Energy Outlook for North America”, provides an in-depth analysis of North American opportunities in the onshore and offshore wind power markets, as well as an examination of key challenges facing the industry. It examines technology innovations that will influence the future direction of the market, and also features detailed profiles of key industry players, including a competitive regional analysis of the major wind energy markets across their respective technology, policy, and capital environments. Market forecasts extend through 2017 and include projections for installed capacity, installation costs, and offshore production revenue, all segmented by onshore, offshore, region, and country. An Executive Summary of the report is available for free download on the firm’s website.
Pike Research is a market research and consulting firm that provides in-depth analysis of global clean technology markets. The company’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Grid, Smart Transportation, Smart Industry, and Smart Buildings sectors.