Strong breeze: Higher demand and rising electricity prices have supported the industry

The Wind Farm Construction industry provides engineering, procurement and construction services for wind power generation projects. The industry has benefited from government intervention to boost use of renewable energy sources and reduce reliance on carbon-emitting fossil fuels. The Renewable Energy Target (RET) compels electricity generators and retailers to increase the share of power generated from renewable sources. Following a review, in June 2015, the Federal Government scaled back the RET target, which has contributed to extremely volatile patterns of investment on wind projects over the past five years...read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 14-19
7.8%
Forecast Growth 19-24
Profit
Employment
1,630
Businesses
45

Industry Threats & Opportunities

  • Wind farm construction rates are expected to surge to record levels in the current year
  • Intense price competition has constrained growth in industry profit margins
  • Wind energy is anticipated to capture a greater share of the total renewable energy target
  • Industry Report - Industry Investment Chapter

    The industry has a high degree of capital intensity, partly due to the tendency to outsource construction and design functions to skilled contractors and consultant engineers. Industry operators are able to limit investment in large-scale heavy equipment through leasing arrangements and by hiring equipment with operators on a project-by-project basis (i.e. wet hire). Variability in the pipeline of industry projects has limited the incentives for participants to establish large multi-disciplinary teams.The industry incurs direct employment costs of an estimated 8.9% of revenue in 2018-19 and depreciation charges averaging 6.8% of annual revenue. This indicates the industry allocates $1.31 o...purchase to read more.

    Additional Insights for the Wind Farm Construction Industry

    IBISWorld has determined the most important Key Success Factors for the Wind Farm Construction are:

  • Having links with suppliers
  • Highly trained workforce
  • Good project management skills
  • IBISWorld analysts also discuss how external factors such as World price of steaming coal and Demand from wind and other electricity generation in the Wind Farm Construction industry impact industry performance..

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    What's in this report

    What is the Wind Farm Construction Industry?

    Industry companies construct wind farms, which are collections of wind turbines in a particular area. These farms produce and sell electricity to utilities and other customers. Maintenance, repair and operation of wind farms are excluded from the industry’s activities.

    Industry Products
  • Small-scale wind farm construction
  • Medium-scale wind farm construction
  • Large-scale wind farm construction
  • Industry Activities
  • Small-scale wind farm construction
  • Medium-scale wind farm construction
  • Large-scale wind farm construction
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • World price of steaming coal
  • Demand from wind and other electricity generation
  • Electricity service price
  • Domestic price of iron and steel

  • Current Performance
  • Revenue rebounds
  • Key wind farm projects
  • Renewable generation markets
  • Competition
  • Profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand trends
  • Government energy policy
  • Profitability falls
  • Table: Wind Farm Construction Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wind Farm Construction Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Wind and Other Electricity Generation

  • Key Selling Industries
  • Engineering Consulting
  • Finance
  • Industrial Machinery Manufacturing

  • Products & Services
  • Large-scale wind farm construction
  • Medium-scale wind farm construction
  • Small-scale wind farm construction
  • Chart: Wind Farm Construction Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Owner-operators
  • Private energy developers
  • Private generator-retailers
  • Public generators
  • Chart: Major Market Segmentation for the Wind Farm Construction Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Wind Farm Construction

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wind Farm Construction Industry

  • Industry Globalization
    Vestas - Australian Wind Technology Pty Limited, Monadelphous Group Limited, Downer EDI Limited,
  • Table: Vestas - Australian Wind Technology Pty Limited - financial performance
  • Table: Monadelphous Group Limited - financial performance
  • Table: Downer EDI Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Wind Farm Construction Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Wind Farm Construction Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Gigawatt Hours (Gwh)
  • 1 gigawatt is equal to 1000 MW of electrical power. Over a full year at 100% capacity 1MW of power production is equal to 8.76 GWh (1 year = 8760 hours), but most plants do not run at 100%.
  • Megawatt (Mw)
  • A unit equivalent to one million watts of electrical power.
  • Roaring Forties
  • Strong westerly winds found in the southern hemisphere, typically between the latitudes of 40 and 50 degrees.
  • Watt
  • The most basic unit of power, equal to one joule of work per second.
  • Wind Turbine
  • Technology used to capture kinetic energy from wind resources and translate it to electricity.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Wind Farm Construction market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Wind Farm Construction:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Wind Farm Construction market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Wind Farm Construction, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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