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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

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