Market Growth Potential
Industry Growth Potential
One assessment of the U.S. wind market is the "20% Wind Energy by 2030" report from the Department of Commerce. Several years since its publication, the U.S. wind energy industry is still on the path to be able to provide 20% of the country's electricity needs by 2030. In order to reach that level of production by 2030, the industry would have to nearly double from 2009's installation of 10,000 megawatts per year by the end of this decade. Over 60,000 new turbines would have to be installed in the coming decades. This aggressive growth trend places a large demand on the current supply chain for parts, equipment and labor. The result would be tremendous opportunity for new entrants into the industry. There is also increasing demand for service industries, such as construction, transportation, legal, financial, safety, and operations and maintenance.