In the backdrop of record installations in the US and record wind turbine prices, the North America wind turbine market crossed $13 billion in 2008. However, the financial meltdown which started in Q3 of 2008 has led to a fall in wind turbine prices and the trend is expected to continue for a couple of years. Lower wind turbine prices combined with a decrease in wind power installations due to the unavailability of financing will decrease wind turbine revenues in North America for the next two years. Starting from the second half of 2010, the wind turbine market is expected to follow a recovery path with the help of US and Canadian governments’ stimulus packages. The US is expected to continue leading the growth with strong political backing from the Obama government. Wind power development in Canada is expected to rev up with the government keen on utilizing the high wind resources of the country. However, wind turbine manufacturers will have to overcome major challenges due to the current financial crisis, human resource crunch and supply chain issues in the North American wind market.

Scope

- This report provides insights into the North America Wind turbine market.
- Gain information on key strategies adopted by government bodies and companies to overcome the effect of recession
- Key drivers for the wind market

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Keywords

News, Analysis, Opinion, Viewpoint, Alternate Energy, Alternative Energy, Renewable Energy, Clean Energy, Clean Tech