Wind Farm Construction in the US - Industry Market Research Report

Blown Away: Advancements in Wind Turbine Technology Have Skyrocketed Industry Revenue

The industry has grown massively in recent years as the cost of building a wind farm has fallen and government incentives have increased. Advancements in wind turbine technology have made wind farms more cost-effective and efficient, increasing the accessibility of wind power. Federal and state efforts to reduce greenhouse gas emissions have been vital for wind farm construction in recent years. Over the five years to 2023, revenue for the industry has grown at a CAGR of 18.7% to $27.0 billion, including an increase of 1.5% in 2023. This industry constructs wind farms, which are a collection of wind turbines in a particular area. These farms produce and sell electricity to utilities and other customers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.