Wind Turbine Systems

As Quoted In IT Business Net

Growth factors include state and federal government incentives, emerging offshore applications and the increasing popularity of systems that are taller, more powerful and more expensive.

US Demand to jump 55% annually through 2018

US demand for wind turbine systems is forecast to reach $18.9 billion in 2018, a nearly nine-fold increase over severely depressed 2013 levels. The market for wind turbines tends to be highly volatile due to its reliance on government incentives. The outlook for wind turbine sales is somewhat muddied by the current lack of major federal incentives, as production tax credits were allowed to expire at the end of 2013. However, sales are still expected to rebound significantly as there are other incentives in play, including feed-in tariff payments and various grants from the Department of Energy. In addition, growth will continue to be driven by the need to meet state-level renewable portfolio standards. Other factors supporting growth include emerging offshore applications and the increasing popularity of systems that are taller, more powerful, and also more expensive.

Texas, California & Iowa to remain growth markets

The Northeast had the lowest installed wind energy capacity in the US in 2013, due primarily to a lack of available land for installations. However, through 2018 growth is expected to benefit from the installation of the nation’s first offshore wind farms. In addition, electricity costs in the Northeast are among the highest in the country, which heightens interest in renewable energy sources. In contrast, the South, in particular Texas, has a lot of available land with strong wind resources for wind farm development. In 2013, Texas had the most installed wind energy capacity, more than double the amount of California and Iowa, the second and third largest state markets, respectively. Growth in wind capacity has been particularly strong in these states due to favorable regulatory environments and strong wind speeds. In addition, Texas also benefits from having most of its electricity run through an intrastate electric grid, which is generally easier to update than interstate grids that are subject to more federal controls. The ongoing trend of constructing wind farms in rural areas and delivering the electricity to population centers will provide further impetus for growth.

Average price per unit to continue rising dramatically

The construction of larger, more powerful utility-scale wind turbine systems has caused the average price per unit of these systems to rise dramatically over the past decade, a trend that is expected to continue for the foreseeable future. These larger systems are built to take advantage of stronger, more consistent winds at higher altitudes, so they require taller towers and longer blades. Additionally, because longer blades add a significant amount of weight to the entire system, there is rising interest in constructing blades from higher value materials, such as carbon fiber, which further boosts value gains.

Study Coverage

This study analyzes the $2.1 billion US wind turbine system industry. It presents historical demand data for 2003, 2008 and 2013, and forecasts for 2018 and 2023 by type (horizontal axis, vertical axis), component (e.g., nacelle, rotor system, towers), application (e.g., electric power generation by utilities, distributed electric power generation) and US region.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 36 industry players, including General Electric, Vestas Wind Systems and Siemens.

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Purchase Wind Turbine Systems by the Section

  1. Wind Turbine Systems

    $5,100.00

    1. 1 INTRODUCTION

      $120.00

    2. 2 EXECUTIVE SUMMARY

      $160.00

      1. Table | WIND TURBINE SYSTEM DEMAND

    3. 3 MARKET ENVIRONMENT

      $1,742.00

      1. 3.1 General

        $82.00

      2. 3.2 Macroeconomic Trends

        $241.00

        1. Table | MACROECONOMIC INDICATORS

      3. 3.3 Consumer Spending Trends

        $141.00

        1. Table | PERSONAL CONSUMPTION EXPENDITURES

      4. 3.4 Demographic Trends

        $212.00

        1. Table | POPULATION & HOUSEHOLDS

      5. 3.5 Manufacturers' Shipments

        $211.00

        1. Table | MANUFACTURERS' SHIPMENTS

      6. 3.6 Construction

        $280.00

        1. Table | CONSTRUCTION EXPENDITURES

        2. 3.6.1 Building Construction

          $112.00

          1. Table | BUILDING CONSTRUCTION EXPENDITURES

        3. 3.6.2 Nonbuilding Construction

          $82.00

          1. Table | NONBUILDING CONSTRUCTION EXPENDITURES

      7. 3.7 Electric Power Generation

        $132.00

        1. Table | ELECTRIC POWER GENERATION

      8. 3.8 Energy Consumption

        $82.00

        1. Table | ENERGY CONSUMPTION

      9. 3.9 Environmental & Other Regulatory Considerations

        $207.00

      10. 3.10 Government Incentives

        $234.00

        1. 3.10.1 State & Municipal

          $82.00

        2. 3.10.2 Federal

          $100.00

    4. 4 WORLD MARKET

      $519.00

      1. 4.1 General

        $82.00

      2. 4.2 Wind Turbine Systems by Region

        $389.00

        1. Table | WORLD WIND TURBINE SYSTEM DEMAND BY REGION

        2. CHART III-1 WORLD WIND TURBINE SYSTEM DEMAND BY REGION, 2013

        3. 4.2.1 Western Europe

          $82.00

        4. 4.2.2 North America

          $82.00

        5. 4.2.3 Asia/Pacific

          $116.00

        6. 4.2.4 Rest of World

          $82.00

      3. 4.3 Wind Turbine Demand by Leading Countries

        $82.00

        1. Table | WORLD WIND TURBINE DEMAND BY LEADING COUNTRIES

        2. CHART III-2 WORLD WIND TURBINE DEMAND BY LEADING COUNTRIES, 2003-2023

    5. 5 WIND TURBINE SYSTEMS

      $1,812.00

      1. 5.1 General

        $100.00

        1. Table | WIND TURBINE SYSTEM MARKET, 2003-2013

        2. CHART IV-1 WIND TURBINE SYSTEM MARKET, 2003-2013

      2. 5.2 Wind Power Systems

        $221.00

        1. Table | WIND TURBINE SYSTEM DEMAND

        2. CHART IV-2 RELATIONSHIP BETWEEN NEW INSTALLED WIND CAPACITY & CUMULATIVE INSTALLED WIND CAPACITY, 2003-2013

      3. 5.3 Types of Wind Power Systems

        $297.00

        1. Table | WIND TURBINE SYSTEM DEMAND BY TYPE

        2. 5.3.1 Horizontal Axis

          $82.00

          1. Table | HORIZONTAL AXIS WIND TURBINE SYSTEM DEMAND

        3. 5.3.2 Vertical Axis

          $167.00

          1. Table | VERTICAL AXIS WIND TURBINE SYSTEM DEMAND

      4. 5.4 Wind Turbine System Components

        $1,193.00

        1. Table | WIND TURBINE SYSTEM DEMAND BY COMPONENT

        2. CHART IV-3 WIND TURBINE SYSTEM DEMAND BY COMPONENT, 2013

        3. 5.4.1 Nacelle

          $414.00

          1. Table | WIND TURBINE NACELLE DEMAND BY COMPONENT

          2. Table | GENERATOR & POWER ELECTRONICS DEMAND

          3. Table | GEARBOX & DRIVETRAIN SYSTEM DEMAND

          4. Table | NACELLE FRAME & COVER DEMAND

          5. Table | OTHER NACELLE COMPONENTS DEMAND

        4. 5.4.2 Rotor System

          $376.00

          1. Table | WIND TURBINE ROTOR SYSTEM DEMAND BY COMPONENT

        5. 5.4.3 Towers

          $238.00

          1. Table | WIND TURBINE SYSTEM TOWER DEMAND

        6. 5.4.4 Balance of System Components

          $82.00

          1. Table | WIND TURBINE BALANCE OF SYSTEM COMPONENTS DEMAND

    6. 6 APPLICATIONS

      $1,436.00

      1. 6.1 General

        $82.00

        1. Table | WIND TURBINE SYSTEM DEMAND BY APPLICATION

      2. 6.2 Electric Power Generation by Utilities

        $866.00

        1. Table | UTILITY-SCALE WIND TURBINE SYSTEM DEMAND

        2. 6.2.1 Owners

          $569.00

          1. Table | UTILITY-SCALE WIND TURBINE SYSTEM DEMAND BY OWNER

          2. CHART V-1 UTILITY-SCALE WIND TURBINE SYSTEM DEMAND BY OWNER, 2013

          3. Table | INDEPENDENT POWER PRODUCER DEMAND FOR WIND TURBINE SYSTEMS

          4. Table | INVESTOR-OWNED UTILITY DEMAND FOR WIND TURBINE SYSTEMS

          5. Table | PUBLIC UTILITY DEMAND FOR WIND TURBINE SYSTEMS

          6. Table | COOPERATIVE GROUP DEMAND FOR WIND TURBINE SYSTEMS

        3. 6.2.2 Location

          $259.00

      3. 6.3 Distributed Electric Power Generation

        $529.00

        1. Table | DISTRIBUTED ELECTRIC POWER GENERATION (SMALL WIND) DEMAND FOR WIND TURBINE SYSTEMS

        2. 6.3.1 On-Grid

          $190.00

          1. Table | ON-GRID DISTRIBUTED POWER WIND ENERGY (SMALL WIND) SYSTEM DEMAND

        3. 6.3.2 Off-Grid

          $147.00

          1. Table | OFF-GRID DISTRIBUTED POWER WIND ENERGY (SMALL WIND) SYSTEM DEMAND

    7. 7 REGIONAL MARKETS

      $4,180.00

      1. 7.1 General

        $82.00

      2. 7.2 Regional Demographic & Economic Trends

        $595.00

        1. 7.2.1 Population Patterns

          $155.00

          1. Table | POPULATION BY REGION

        2. 7.2.2 Economic Outlook

          $149.00

          1. Table | GROSS DOMESTIC PRODUCT BY REGION

        3. 7.2.3 Construction Activity

          $104.00

          1. Table | CONSTRUCTION EXPENDITURES BY REGION

        4. 7.2.4 Housing Trends

          $154.00

          1. Table | REGIONAL HOUSING INDICATORS

      3. 7.3 Regional Demand for Wind Turbine Systems

        $3,541.00

        1. Table | WIND TURBINE SYSTEM DEMAND BY REGION

        2. CHART VI-1 WIND TURBINE SYSTEM DEMAND BY REGION, 2013

        3. 7.3.1 Northeast

          $786.00

          1. Table | NORTHEAST WIND TURBINE SYSTEM DEMAND

          2. Table | NEW ENGLAND WIND ENERGY INSTALLED CAPACITY BY STATE, 2003-2013

          3. Table | NEW ENGLAND RENEWABLE PORTFOLIO STANDARDS* BY STATE, 2013-2025**

          4. Table | MIDDLE ATLANTIC WIND ENERGY INSTALLED CAPACITY BY STATE, 2003-2013

          5. Table | MIDDLE ATLANTIC RENEWABLE PORTFOLIO STANDARDS* BY STATE, 2013-2025**

        4. 7.3.2 Midwest

          $820.00

          1. Table | MIDWEST WIND TURBINE SYSTEM DEMAND

          2. Table | EAST NORTH CENTRAL WIND ENERGY INSTALLED CAPACITY BY STATE, 2003-2013

          3. Table | EAST NORTH CENTRAL RENEWABLE PORTFOLIO STANDARDS* BY STATE, 2013-2025**

          4. Table | WEST NORTH CENTRAL WIND ENERGY INSTALLED CAPACITY BY STATE, 2003-2013

          5. Table | WEST NORTH CENTRAL RENEWABLE PORTFOLIO STANDARDS* BY STATE, 2013-2025**

        5. 7.3.3 South

          $839.00

          1. Table | SOUTH WIND TURBINE SYSTEM DEMAND

          2. Table | SOUTH ATLANTIC WIND ENERGY INSTALLED CAPACITY BY STATE, 2003-2013

          3. Table | SOUTH ATLANTIC RENEWABLE PORTFOLIO STANDARDS* BY STATE, 2013-2025**

          4. Table | EAST SOUTH CENTRAL WIND ENERGY INSTALLED CAPACITY BY STATE, 2003-2013

          5. Table | WEST SOUTH CENTRAL WIND ENERGY INSTALLED CAPACITY BY STATE, 2003-2013

        6. 7.3.4 West

          $910.00

          1. Table | WEST WIND TURBINE SYSTEM DEMAND

          2. Table | MOUNTAIN WIND ENERGY INSTALLED CAPACITY BY STATE, 2003-2013

          3. Table | MOUNTAIN RENEWABLE ENERGY PORTFOLIO STANDARDS* BY STATE, 2013-2025**

          4. Table | PACIFIC WIND ENERGY INSTALLED CAPACITY BY STATE, 2003-2013

          5. Table | PACIFIC RENEWABLE ENERGY PORTFOLIO STANDARDS* BY STATE, 2013-2025**

    8. 8 INDUSTRY STRUCTURE

      $4,327.00

      1. 8.1 General

        $199.00

        1. Table | WIND TURBINE SYSTEM SALES BY COMPANY, 2013

      2. 8.2 Market Share

        $151.00

        1. CHART VII-1 WIND TURBINE SYSTEM MARKET SHARE, 2013

      3. 8.3 Competitive Strategies

        $101.00

      4. 8.4 Research & Development

        $82.00

      5. 8.5 Marketing

        $121.00

      6. 8.6 Distribution

        $106.00

      7. 8.7 Acquisitions & Divestitures

        $95.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      8. 8.8 Cooperative Agreements

        $87.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      9. 8.9 Company Profiles

        $3,080.00

        1. 8.9.1 ABB Limited

          $96.00

        2. 8.9.2 Acciona SA

          $82.00

        3. 8.9.3 American Superconductor Corporation

          $90.00

        4. 8.9.4 Ark Alloy LLC

          $82.00

        5. 8.9.5 Bergey WindPower Company

          $82.00

        6. 8.9.6 Cascade Engineering Incorporated

          $82.00

        7. 8.9.7 China Guodian Corporation

          $82.00

        8. 8.9.8 Clipper Windpower LLC

          $82.00

        9. 8.9.9 Daewoo Shipbuilding & Marine Engineering Company Limited

          $82.00

        10. 8.9.10 Eaton Corporation plc

          $131.00

        11. 8.9.11 Elyria Foundry Company LLC

          $82.00

        12. 8.9.12 Gamesa Corporación Tecnológica SA

          $108.00

        13. 8.9.13 General Electric Company

          $103.00

        14. 8.9.14 GreenEnergy Technologies LLC

          $82.00

        15. 8.9.15 LM Wind Power Holding A/S

          $82.00

        16. 8.9.16 Mitsubishi Heavy Industries Limited

          $85.00

        17. 8.9.17 Molded Fiber Glass Companies

          $82.00

        18. 8.9.18 Nordex SE

          $82.00

        19. 8.9.19 NTN Corporation

          $82.00

        20. 8.9.20 Otter Tail Corporation

          $82.00

        21. 8.9.21 PPG Industries Incorporated

          $156.00

        22. 8.9.22 SANY Group Company Limited

          $82.00

        23. 8.9.23 Schaeffler Group

          $82.00

        24. 8.9.24 SGL Carbon SE

          $88.00

        25. 8.9.25 Siemens AG

          $160.00

        26. 8.9.26 SKF AB

          $208.00

        27. 8.9.27 Suzlon Energy Limited

          $123.00

        28. 8.9.28 ThyssenKrupp AG

          $108.00

        29. 8.9.29 Timken Company

          $198.00

        30. 8.9.30 TPI Composites Incorporated

          $96.00

        31. 8.9.31 Trinity Industries Incorporated

          $82.00

        32. 8.9.32 UpWind Solutions Incorporated

          $82.00

        33. 8.9.33 Valmont Industries Incorporated

          $82.00

        34. 8.9.34 Vestas Wind Systems A/S

          $119.00

        35. 8.9.35 Xinjiang Goldwind Science & Technology Company Limited

          $87.00

        36. 8.9.36 XZERES Corporation

          $82.00

      10. 8.10 Other Companies Mentioned in the Study

        $310.00

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