Wind Turbines and Related Products
- The U.S. market for wind turbines generated $7.9 billion in 2007. This is expected to reach $11.2 billion by the end of 2008 and $61.0 billion in 2013, for a compound annual growth rate (CAGR) of 40.0%.
- Texas represents the largest market segment, worth $2.4 billion in 2007 and an anticipated $3.0 billion in 2008. This should reach $15.2 billion in 2013, a CAGR of 38.0%.
- California is expected to be the fastest growing segment, generating $95.0 million in 2007 and an expected $676.0 million in 2008. This is expected to grow at a CAGR of 91% to reach $17.1 billion in 2013.
STUDY GOALS AND OBJECTIVES
- New York
- Tower and electrical
- Gearbox and drive train
- Nacelle and controls
The author is a mechanical engineer (M.S. from Columbia University) with over 17 years of experience in the energy industry in a variety of positions. He has done market analysis, technology surveys and business planning for major international corporations including Raytheon. He has been directly involved in the introduction and development of new energy and industrial technologies to the marketplace. Other energy experience includes oil, coal, nuclear, solar and fusion.