Wind Power Generation Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 3/18/2024
SIC Codes: 4911
NAICS Codes: 221115
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Wind Power Generation Industry Profile

Companies in this industry operate power generation facilities that use turbines to convert wind into electricity. Major companies include US-based Berkshire Hathaway Energy, Invenergy, NextEra Energy, and Pattern Energy, as well as EDP Renováveis and IBERDROLA Renewables (both based in Spain), EDF (France), and EON Climate & Renewables (Germany).

The value of world's wind energy market is expected to reach $180 billion by 2027, according to Global Market Insights. Global wind turbine capacity totals about 700 gigawatts (GW), according to Research and Markets. Major sources of new wind farm development include China, the US, Germany, the United Kingdom, India, Brazil, and France, according to EV Wind. Emerging markets, primarily in Asia, Africa, and Latin America, represent new development opportunities for global wind power generators, according to We Forum.

The US wind power generation industry includes about 500 establishments (single-location companies and units of multi-location companies) that operate varying numbers of wind turbine farms and have combined annual revenue of about $8 billion.

COMPETITIVE LANDSCAPE

Demand for wind power generation is driven by public support for alternative, nonpolluting renewable energy production methods, along with government incentives that encourage the production and use of renewable energy. Profitability of individual companies depends on strategically locating wind farms in geographies with sufficient wind conditions and access to electric transmission facilities. Large companies often have other energy holdings (such as traditional electricity generation plants and energy distribution ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu

Related Profiles

Here are a few profiles related to Wind Power Generation that you also might be interested in viewing:

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options