Utility-scale applications to remain dominant
Despite the continued development of vertical wind turbine systems and those designed for distributed power applications, horizontal axis turbines for utilityscale projects will continue to dominate the wind turbine system market through the forecast period. Most wind turbine sales in the US will be for on-shore applications through the 2017; however, a growing number of turbine systems will be installed for off-shore applications, particularly in the northern Atlantic waters and the Great Lakes, through the forecast period. This advancement will be driven in part by the establishment of state and federal regulatory schemes, and technological improvements that enable installation in a wider range of locations.
Rotor systems to post stronger value sales gains
The primary components of a wind turbine system are the nacelle, the rotor system and the tower. In 2007, the nacelle and its internal components accounted for the largest share of wind turbine system value sales with 59 percent. However, the value sales of rotor systems will post stronger gains in light of the use of increasingly long blades made of highervalue materials that are stronger and lighter than previous generations.
Less established wind energy regions to grow faster
Much of the US has strong wind energy potential with large areas of open land rated windy enough for efficient power generation and a shallow continental shelf along the Atlantic shoreline. As of 2007, the West South Central subregion accounted for the largest share of sales with 33 percent, driven by the high level of installed wind energy capacity in Texas and Oklahoma. However, subregions with less established wind energy markets are expected to post stronger gains through 2012.
Study coverage
This new industry study, Wind Turbine Systems & Components, presents US historical demand data (2002, 2007) plus forecasts for 2012 and 2017 by product, application and region. The study also considers market environment factors, highlights regulations and incentives, evaluates company market share and profiles 35 US industry competitors.
INTRODUCTION x
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Trends 4
Consumer Spending Trends 9
Demographic Trends 11
Manufacturers’ Shipments 14
Construction 17
Building Construction 21
Nonbuilding Construction 23
Electric Power Generation 25
Energy Consumption 27
Environmental and Other Regulatory Considerations 29
Government Incentives 33
State and Municipal Level 34
Federal Level 35
III. WORLD MARKET FOR WIND TURBINE COMPONENTS
and SYSTEMS 37
General 37
World Wind Turbine Systems by Region 39
Western Europe 41
North America 43
Asia/Pacific 44
Rest of World 45
World Wind Turbine Demand by Leading Countries 46
IV. WIND TURBINE SYSTEMS 48
General 48
Wind Power Systems 49
Types of Wind Power Systems 53
Horizontal Axis 54
Vertical Axis 55
Wind Turbine System Components 59
Nacelle 62
Generator and Power Electronics 63
Gearbox and Drivetrain 66
Frame and Cover 68
Other 70
Rotor System 72
Blades 74
Hub Assemblies 77
Pitch Mechanisms and Bearings 78
Nose Cone 79
Towers 79
Monopole 81
Lattice 82
Balance of System Components 83
V. APPLICATIONS 85
General 85
Electric Power Generation by Utilities 86
Owners 87
Independent Power Producers 88
Investor-Owned Utilities 90
Public Utilities 92
Cooperative Groups 95
Location 98
Onshore 98
Offshore 99
Distributed Electric Power Generation 102
On-Grid 106
Off-Grid 110
VI. REGIONAL MARKETS 113
General 113
Regional Demographic and Economic Trends 114
Population Patterns 114
Economic Outlook 116
Construction Activity 118
Housing Trends 121
Regional Demand for Wind Turbine Systems 123
Northeast 127
New England 130
Subregional Installed Capacity 131
Renewable Portfolio Standards 132
Middle Atlantic 135
Subregional Installed Capacity 136
Renewable Portfolio Standards 138
Midwest 141
East North Central 143
Subregional Installed Capacity 145
Renewable Portfolio Standards 147
West North Central 149
Subregional Installed Capacity 151
Renewable Portfolio Standards 153
South 156
South Atlantic 158
Subregional Installed Capacity 160
Renewable Portfolio Standards 161
East South Central 163
West South Central 166
Subregional Installed Capacity 169
Renewable Portfolio Standards 170
West 172
Mountain 175
Subregional Installed Capacity 177
Renewable Portfolio Standards 179
Pacific 182
Subregional Installed Capacity 185
Renewable Portfolio Standards 187
VII. INDUSTRY STRUCTURE 190
General 190
Industry Concentration 190
Market Share 194
General Electric 196
Vestas Wind Systems 197
Siemens 197
Gamesa 198
Suzlon Energy 198
Mitsubishi 199
Trinity Industries 199
LM Glasfiber 199
DMI Industries 200
TPI Composites 200
Competitive Strategies 201
Research and Development 203
Marketing 205
Distribution 207
Acquisitions and Divestitures 209
Cooperative Agreements 211
Company Profiles 214
ABB Limited 215
Acciona SA 217
American Superconductor Corporation 218
Bergey WindPower Company 219
Cascade Engineering Incorporated 220
Clipper Windpower plc 221
Composite Technology Corporation 222
Cooper Split Roller Bearing Corporation, see Kaydon Corp
DeWind, see Composite Technology Corporation
DMI Industries Incorporated, see Otter Tail Corporation
Eaton Corporation 224
Elyria Foundry Company LLC 225
Enercon GmbH 226
Entegrity Wind Systems Incorporated 227
Gamesa Corporacion Tecnologica SA 228
General Electric Company 230
Genzink Steel Supply and Welding Company 231
GreenEnergy Technologies LLC 232
Hansen Transmissions International, see Suzlon Energy
Kaydon Corporation 233
Knight and Carver 234
LM Glasfiber Holding A/S 235
Mitsubishi Heavy Industries Limited 237
Molded Fiber Glass Companies 238
Nordex AG 239
Northstar Wind Towers LLC 240
Otter Tail Corporation 241
PacWind Incorporated 243
PPG Industries Incorporated 244
Rotek Incorporated, see ThyssenKrupp AG
SGL Carbon AG 246
Siemens AG 248
SigmaKalon Group BV, see PPG Industries Incorporated
SKF AB 251
Southwest Windpower Incorporated 253
Suzlon Energy Limited 254
ThyssenKrupp AG 256
Timken Company 257
TPI Composites Incorporated 259
Trinity Industries Incorporated 260
Vestas Wind Systems A/S 262
Winergy AG, see Siemens AG
Other Companies Mentioned in the Study 264
LIST OF TABLES
TABLE NUMBER PAGE
SECTION I — EXECUTIVE SUMMARY
Summary Table 3
SECTION II — MARKET ENVIRONMENT
1 Macroeconomic Indicators 9
2 Personal Consumption Expenditures 11
3 Population and Households 14
4 Manufacturers’ Shipments 17
5 Construction Expenditures 20
6 Building Construction Expenditures 23
7 Nonbuilding Construction Expenditures 25
8 Electric Power Generation 27
9 Energy Consumption 29
SECTION III — WORLD MARKET FOR WIND TURBINE
COMPONENTS and SYSTEMS
1 World Demand for Wind Turbine Systems by Region 40
2 World Wind Turbine Demand by Leading Countries 47
SECTION IV — WIND TURBINE SYSTEMS
1 Wind Turbine System Market 52
2 Wind Turbine System Demand by Type 53
3 Horizontal Axis Wind Turbine System Demand 55
4 Vertical Axis Wind Turbine System Demand 59
5 Wind Turbine System Demand by Component 61
6 Wind Turbine Nacelle Demand by Component 63
7 Generator and Power Electronics Demand 66
8 Gearbox and Drivetrain System Demand 68
9 Nacelle Frame and Cover Demand 70
10 Other Nacelle Components Demand 72
11 Wind Turbine Rotor System Demand by Component 74
12 Wind Turbine System Tower Demand 80
13 Wind Turbine Balance of System Demand 84
SECTION V — APPLICATIONS
1 Wind Turbine System Demand by Application 85
2 Utility-Scale Wind Turbine System Demand 86
3 Utility-Scale Wind Turbine System Demand by Owner 87
4 Independent Power Producer Demand for Wind Turbine
Systems 90
5 Investor-Owned Utility (IOU) Demand for Wind Turbine
Systems 92
6 Public Utility Demand for Wind Turbine Systems 95
7 Cooperative Group Demand for Wind Turbine Systems 98
8 Distributed Electric Power Generation (Small Wind) Demand
for Wind Turbine Systems 106
9 On-Grid Distributed Power Wind Energy (Small Wind) System
Demand 109
10 Off-Grid Distributed Power Wind Energy (Small Wind) System
Demand 112
SECTION VI — REGIONAL MARKETS
1 Population by Region 116
2 Regional GDP 118
3 Regional Construction Activity 120
4 Regional Housing Sales, New Units and Stock 123
5 Wind Turbine System Demand by Region 126
6 Northeast Wind Turbine System Demand 129
7 New England Wind Energy Installed Capacity by State,
1997-2007 132
8 New England Renewable Portfolio Standards by State,
2007-2025 135
9 Middle Atlantic Wind Energy Installed Capacity by State,
1997-2007 138
10 Middle Atlantic Renewable Portfolio Standards by State,
2007-2025 141
11 Midwest Wind Turbine System Demand 143
12 East North Central Wind Energy Installed Capacity by State,
1997-2007 147
13 East North Central Renewable Portfolio Standards by State,
2007-2025 149
14 West North Central Wind Energy Installed Capacity by State,
1997-2007 153
15 West North Central Renewable Portfolio Standards by State,
2007-2025 155
16 South Wind Turbine System Demand 158
17 South Atlantic Wind Energy Installed Capacity by State,
1997-2007 161
18 South Atlantic Renewable Portfolio Standards by State,
2007-2025 163
19 East South Central Wind Energy Installed Capacity by State,
1997-2007 166
20 West South Central Wind Energy Installed Capacity by State,
1997-2007 170
21 West Wind Turbine System Demand 175
22 Mountain Wind Energy Installed Capacity by State, 1997-2007 179
23 Mountain Renewable Energy Portfolio Standards by State,
2007-2025 182
24 Pacific Wind Energy Installed Capacity by State, 1997-2007 186
25 Pacific Renewable Energy Portfolio Standards by State,
2007-2025 189
SECTION VII — INDUSTRY STRUCTURE
1 Wind Turbine System Sales by Company, 2007 193
2 Selected Acquisitions and Divestitures 211
3 Selected Cooperative Agreements 213
LIST OF CHARTS
CHART NUMBER PAGE
SECTION III — WORLD MARKET FOR WIND TURBINE
COMPONENTS and SYSTEMS
1 World Wind Turbine Sales by Region, 2007 41
2 World Wind Turbine Demand by Country, 2002-2017 47
SECTION IV — WIND TURBINE SYSTEMS
1 Wind Turbine System Demand by Component, 2007 61
SECTION V — APPLICATIONS
1 Utility-Scale Wind Turbine System Demand by Owner, 2007 88
SECTION VI — REGIONAL MARKETS
1 Wind Turbine System Demand by Region, 2007 127
SECTION VII — INDUSTRY STRUCTURE
1 Wind Energy System Market Share, 2007 196
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