Welcome!

News Feed Item

US Wind Turbine Systems Market



 

LONDON, Aug. 5, 2014 /PRNewswire/ -- Reportbuyer.com has added a new market research report:

US Wind Turbine Systems Market

http://www.reportbuyer.com/energy_utilities/alternative_renewable/wind_power/us_wind_turbine_systems_market.html


US demand to skyrocket 55% annually through 2018

US demand for wind turbine systems is forecast to increase 55 percent annually through 2018 to $18.9 billion, a nearly ninefold increase over depressed 2013 sales. Demand was adversely affected in 2013 by the record number of sales, valued at more than $25 billion, the previous year. The number of new installations in 2012 nearly doubled the amount of new installed capacity in 2011. This spike in sales was the result of electric utilities and other entities pushing up the timeline of many wind turbine projects to take advantage of the production tax credit, which was due to expire at the end of 2012. As a result, when the production tax credit was renewed in January 2013, there were few orders left in the pipeline. In fact, through the first three quarters of 2013, less than 75 megawatts of new wind power capacity was added in the US. The fourth quarter of 2013 saw a rush of installations similar to 2012, albeit to a significantly lesser degree, as firms again sought to take advantage of the expiring production tax credit. However, the production tax credit was left to expire at the end of 2013 and, as of March 2014, there has been no attempt to renew it.


Renewable energy standards to drive growth

Going forward, advances in wind turbine system sales will be driven by the need for most states to achieve renewable portfolio standard benchmarks through 2018 and beyond. In addition, growth will benefit from ongoing demand for small wind turbine systems from a small base, as well as continuing interest in developing renewable energy resources that are cleaner and not subject to fuel price shocks. The emerging off-shore wind industry, which is expected to see its first significant wind turbine installation during the forecast period, will provide further gains. However, the uncertain future of the federal production tax credit and other incentives for wind energy will serve to prevent even more robust sales.

Onshore applications nearly universal

With the exception of a single small-scale prototype turbine off the coast of Maine in June 2013, all of the wind turbine systems installed in the US in 2013 were for onshore applications. Local opposition, concerns about cost, and a developing regulatory process have postponed the installation of the country's first offshore wind farm. However, this is expected to change going forward, as a number of projects are progressing toward the installation stage.


All US regions to experience growth

The Northeast had the lowest amount of installed wind energy capacity in the US in 2013, but is expected to benefit from the installation of the nation's first offshore wind turbines. In addition, electricity costs in the Northeast are among the highest in the country, spurring the installation of renewable energy sources such as wind. On the other hand, the South has a lot of available land with strong wind resources for wind farm development, particularly in Texas, a state that also has favorable regulations
that entice utilities to develop wind farms. The ongoing trend of constructing wind farms in the West South Central and Mountain subregions and delivering the electricity to neighboring states will provide further impetus for growth.


Study coverage

This upcoming industry study presents historical demand data for 2003, 2008 and 2013, plus forecasts for 2018 and 2023 by type, component, application and US region. The study also assesses key market environment factors, examines industry structure, evaluates company market share and profiles US industry players such as General Electric, Siemens and Vestas Wind Systems.
INTRODUCTION x
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Trends 4
Consumer Spending Trends 8
Demographic Trends 11
Manufacturers' Shipments 15
Construction 19
Building Construction 21
Nonbuilding Construction 23
Electric Power Generation 25
Energy Consumption 28
Environmental & Other Regulatory Considerations 30
Government Incentives 33
State & Municipal 34
Federal 35
III. WORLD MARKET 37
General 37
Wind Turbine Systems by Region 38
Western Europe 40
North America 41
Asia/Pacific 42
Rest of World 44
Wind Turbine Demand by Leading Countries 46
IV. WIND TURBINE SYSTEMS 48
General 48
Wind Power Systems 50
Types of Wind Power Systems 55
Horizontal Axis 56
Vertical Axis 58
Wind Turbine System Components 61
Nacelle 64
Generator & Power Electronics 65
Gearbox & Drivetrain 67
Frame & Cover 69
Other 70
Rotor System 72
Blades 73
Hub Assemblies 77
Pitch Mechanisms & Bearings 77
Nose Cones 78
Towers 79
Monopole 80
Lattice 82
Balance of System Components 83
V. APPLICATIONS 85
General 85
Electric Power Generation by Utilities 86
Owners 87
Independent Power Producers 89
Investor-Owned Utilities 91
Public Utilities 94
Cooperative Groups 97
Location 99
Onshore 99
Offshore 100
Distributed Electric Power Generation 103
On-Grid 107
Off-Grid 111
VI. REGIONAL MARKETS 114
General 114
Regional Demographic & Economic Trends 115
Population Patterns 115
Economic Outlook 118
Construction Activity 121
Housing Trends 123
Regional Demand for Wind Turbine Systems 126
Northeast 130
New England 133
Subregional Installed Capacity 134
Renewable Portfolio Standards 136
Middle Atlantic 139
Subregional Installed Capacity 141
Renewable Portfolio Standards 143
Midwest 145
East North Central 149
Subregional Installed Capacity 151
Renewable Portfolio Standards 153
West North Central 155
Subregional Installed Capacity 157
Renewable Portfolio Standards 158
South 161
South Atlantic 164
Subregional Installed Capacity 166
Renewable Portfolio Standards 167
East South Central 169
West South Central 172
Subregional Installed Capacity 174
Renewable Portfolio Standards 176
West 177
Mountain 180
Subregional Installed Capacity 182
Renewable Portfolio Standards 184
Pacific 188
Subregional Installed Capacity 190
Renewable Portfolio Standards 192
VII. INDUSTRY STRUCTURE 195
General 195
Market Share 198
Competitive Strategies 202
Research & Development 203
Marketing 205
Distribution 207
Acquisitions & Divestitures 208
Cooperative Agreements 211
Company Profiles 213
ABB Limited 214
Acciona SA 216
American Superconductor Corporation 217
Ark Alloy LLC 219
Bergey WindPower Company 220
Cascade Engineering Incorporated 221
China Guodian Corporation 222
Clipper Windpower LLC 223
Daewoo Shipbuilding & Marine Engineering Company 224
Eaton Corporation plc 225
Elyria Foundry Company LLC 227
Gamesa Corporación Tecnológica SA 228
General Electric Company 230
GreenEnergy Technologies LLC 232
Kaydon, see SKF
LM Wind Power Holding A/S 233
Mitsubishi Heavy Industries Limited 234
Molded Fiber Glass Companies 236
Nordex SE 237
NTN Corporation 238
Otter Tail Corporation 240
PPG Industries Incorporated 241
Rotek, see ThyssenKrupp
SANY Group Company Limited 244
Schaeffler Group 245
Senvion, see Suzlon Energy
SGL Carbon SE 247
Siemens AG 249
SKF AB 252
Smith Services, see Timken
Suzlon Energy Limited 255
ThyssenKrupp AG 257
Timken Company 259
TPI Composites Incorporated 262
Trinity Industries Incorporated 264
UpWind Solutions Incorporated 265
Valmont Industries Incorporated 266
Vestas Wind Systems A/S 267
Wazee Companies, see Timken
Windspire Energy, see Ark Alloy
Winergy, see Siemens
Xinjiang Goldwind Science & Technology
Company Limited 269
XZERES Corporation 270
Other Companies Mentioned in the Study 272


LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators 8
2 Personal Consumption Expenditures 11
3 Population & Households 15
4 Manufacturers' Shipments 19
5 Construction Expenditures 21
6 Building Construction Expenditures 23
7 Nonbuilding Construction Expenditures 25
8 Electric Power Generation 28
9 Energy Consumption 29
SECTION III -- WORLD MARKET
1 World Wind Turbine System Demand by Region 39
2 World Wind Turbine Demand by Leading Countries 46
SECTION IV -- WIND TURBINE SYSTEMS
1 Wind Turbine System Market, 2003-2013 49
2 Wind Turbine System Demand 54
3 Wind Turbine System Demand by Type 56
4 Horizontal Axis Wind Turbine System Demand 58
5 Vertical Axis Wind Turbine System Demand 61
6 Wind Turbine System Demand by Component 63
7 Wind Turbine Nacelle Demand by Component 65
8 Generator & Power Electronics Demand 67
9 Gearbox & Drivetrain System Demand 69
10 Nacelle Frame & Cover Demand 70
11 Other Nacelle Components Demand 72
12 Wind Turbine Rotor System Demand by Component 73
13 Wind Turbine System Tower Demand 80
14 Wind Turbine Balance of System Components Demand 84
(continued on next page)
SECTION V -- APPLICATIONS
1 Wind Turbine System Demand by Application 86
2 Utility-Scale Wind Turbine System Demand 87
3 Utility-Scale Wind Turbine System Demand by Owner 88
4 Independent Power Producer Demand for Wind Turbine
Systems 91
5 Investor-Owned Utility Demand for Wind Turbine Systems 94
6 Public Utility Demand for Wind Turbine Systems 96
7 Cooperative Group Demand for Wind Turbine Systems 99
8 Distributed Electric Power Generation (Small Wind)
Demand for Wind Turbine Systems 107
9 On-Grid Distributed Power Wind Energy (Small Wind)
System Demand 110
10 Off-Grid Distributed Power Wind Energy (Small Wind)
System Demand 113
SECTION VI -- REGIONAL MARKETS
1 Population by Region 118
2 Gross Domestic Product by Region 121
3 Construction Expenditures by Region 123
4 Regional Housing Indicators 126
5 Wind Turbine System Demand by Region 129
6 Northeast Wind Turbine System Demand 133
7 New England Wind Energy Installed Capacity by State,
2003-2013 136
8 New England Renewable Portfolio Standards by State,
2013-2025 139
9 Middle Atlantic Wind Energy Installed Capacity by State,
2003-2013 142
10 Middle Atlantic Renewable Portfolio Standards by State,
2013-2025 145
11 Midwest Wind Turbine System Demand 149
12 East North Central Wind Energy Installed Capacity by State,
2003-2013 153
13 East North Central Renewable Portfolio Standards by State,
2013-2025 155
14 West North Central Wind Energy Installed Capacity by State,
2003-2013 158
15 West North Central Renewable Portfolio Standards by State,
2013-2025 161
16 South Wind Turbine System Demand 164
17 South Atlantic Wind Energy Installed Capacity by State,
2003-2013 167
18 South Atlantic Renewable Portfolio Standards by State,
2013-2025 169
19 East South Central Wind Energy Installed Capacity by State,
2003-2013 171
20 West South Central Wind Energy Installed Capacity by State,
2003-2013 176
21 West Wind Turbine System Demand 180
22 Mountain Wind Energy Installed Capacity by State,
2003-2013 184
23 Mountain Renewable Energy Portfolio Standards by State,
2013-2025 187
24 Pacific Wind Energy Installed Capacity by State, 2003-2013 191
25 Pacific Renewable Energy Portfolio Standards by State,
2013-2025 194
SECTION VII -- INDUSTRY STRUCTURE
1 Wind Turbine System Sales by Company, 2013 198
2 Selected Acquisitions & Divestitures 210
3 Selected Cooperative Agreements 212


LIST OF CHARTS

SECTION III -- WORLD MARKET
1 World Wind Turbine System Demand by Region, 2013 40
2 World Wind Turbine Demand by Leading Countries,
2003-2023 47
SECTION IV -- WIND TURBINE SYSTEMS
1 Wind Turbine System Market, 2003-2013 50
2 Relationship Between New Installed Wind Capacity
& Cumulative Installed Wind Capacity, 2003-2013 55
3 Wind Turbine System Demand by Component, 2013 64
SECTION V -- APPLICATIONS
1 Utility-Scale Wind Turbine System Demand by Owner,
2013 89
SECTION VI -- REGIONAL MARKETS
1 Wind Turbine System Demand by Region, 2013 130
SECTION VII -- INDUSTRY STRUCTURE
1 Wind Turbine System Market Share, 2013 200



Read the full report:
US Wind Turbine Systems Market

http://www.reportbuyer.com/energy_utilities/alternative_renewable/wind_power/us_wind_turbine_systems_market.html

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

SOURCE ReportBuyer

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We are a leader in the market space called network visibility solutions - it enables monitoring tools and Big Data analysis to access the data and be able to see the performance," explained Shay Morag, VP of Sales and Marketing at Niagara Networks, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, discussed recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model for s...
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We are a custom software development, engineering firm. We specialize in cloud applications from helping customers that have on-premise applications migrating to the cloud, to helping customers design brand new apps in the cloud. And we specialize in mobile apps," explained Peter Di Stefano, Vice President of Marketing at Impiger Technologies, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.