You may have heard the projections. The Department of Energy anticipates that wind energy will generate 20% of this country's electricity within the next 20 years. Getting from here to there will require a rapid increase in installations and in connecting these installations to the existing grid. If every proposed wind energy farm runs into the same regulatory delays that have plagued the proposed installation in Nantucket Sound, we could be waiting a long time for this market to grow.
In the meantime, companies in the industry can position themselves to support the MRO or maintenance, repair and overhaul services market. Lucintel predicts the global value of this market will nearly triple between 2008 and 2013 to a value exceeding $9 billion.
Companies that begin to serve clients such as utility companies now can position themselves to increase future market share. Are there any manufacturing firms in your market seeking to increase their client base in the wind energy MRO market?[Sources: U.S. Department of Energy release, May 2008; Lucintel release, January 2009]