Press Release

With 176,301 MW Installed Capacity, North America Wind Turbine Market to Surge at a CAGR of Around 2.11% During 2025-30

The North America Wind Turbine Market size has an installed capacity of 1,76,301 MW (with installed units to be 85,309) in 2024 and is projected to reach 1,99,821 MW by 2030. Along with this, the market is estimated to grow at a CAGR of around 2.11% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in its recent research report. Technological improvements, regulatory support, and growing demand for sustainable energy have pushed the growth of the wind turbine industry in North America, positioning it as a critical participant in the renewable energy discipline. Federal and state renewable energy policies, which include the 2022 Inflation Reduction Act, are influencing the marketplace by supplying longer tax incentives for wind initiatives. Furthermore, there is a great opportunity for the growth of offshore wind electricity, with states like New York and California taking the lead in utilizing offshore resources. Moreover, the interest in reaching energy self-sufficiency and decreasing reliance on foreign fossil fuels contributed to the growth of the wind energy industry.

Moreover, it additionally addresses the problem of decreasing carbon emissions in industries that are tough to decarbonize, inclusive of commercial production. The combination of wind electricity with inexperienced hydrogen generation is considered a likely game-changing development. Encouraging the development of wind energy generation in global markets positions America's role as a pioneer in renewable strength innovation. Further, the industry is noticing a shift in the direction of larger turbine sizes, with a few offshore turbines exceeding a capacity of 12 MW. This trend reduces the price per megawatt and enhances effectiveness.

Furthermore, the industry is being transformed through digitalization by integrating IoT technology into turbines for real-time monitoring and predictive maintenance. Improvements in technology, which include floating wind generators, are permitting expansion into deeper waters, widening the range of possible offshore places. Moreover, paired with federal tax incentives and strong country-level initiatives, these adjustments may want to bring us closer to attaining its aim of internet-zero emissions, all at the same time making sure of strength safety and promoting activity expansion in the renewable strength zone.

Additionally, there is a growing fashion for hybrid tasks that mix wind, solar, and battery storage to provide a constant electricity supply and improve the incorporation of renewable strength into the grid. Moreover, there's a growing recognition of floating offshore wind platforms, which can be set up in deeper waters where conventional constant platforms are not possible. Further, wind strength is considered an important element of the transition to attain net-zero emissions by 2050 in North America. Stakeholders who leverage these factors, opportunities, and changes will be well-positioned to take advantage of the evolving market while tackling pressing climate and energy concerns, further states the research report, “The North America Wind Turbine Market Analysis, 2025”.

North America Wind Turbine Market Segmentation Analysis:

The Utility Segment Holds the Largest Market Share

Based on the end-users, the market is further bifurcated into Industrial, Commercial, Residential, Utility, and Others. About 80% of the North America Wind Turbine Market is controlled by the utilities sector. It is fueled by the creation of extensive wind energy projects to meet the growing electricity demand. Utilities hold a dominant position due to their capacity to integrate wind turbines into main electricity grids, ensuring a reliable and consistent power supply. Projects such as; the Roscoe Wind Farm in Texas demonstrate the magnitude and impact of this sector. These types of farms are essential for providing renewable energy to millions of homes, with a capacity exceeding 780 MW.

Federal assistance, like Production Tax Credits (PTC), also aids in supporting this industry by reducing costs for constructing large projects. Moreover, utilities often partner with private firms through Power Purchase Agreements (PPAs) to ensure long-term financial viability, strengthening their leading position in the wind turbine sector.

Market Leadership Rooted in the U.S.

The U.S. dominates the North America Wind Turbine Market.  It holds approximately 90% of the total market value with the greatest contributions from states like; Texas, Lowa, Oklahoma, and others due to their favorable policies supporting wind resources. State-level renewable portfolio standards offer subsidies, tax credits, and funds that will too augment the size & volume of the industry. This has humongous plans along the Atlantic Coast. It will further mark the U.S.' leadership in the North America Wind Turbine Market during the forecast period.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including GE Renewable Energy, NourNET, Vestas, EDGNEX Riyadh RUH-1, ReGen Powertech, Envision Group, NextEra Energy, Siemens Gamesa Renewable Energy, S.A., Suzlon Energy Limited, NORDEX SE, Goldwind Americas, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the country?
4. How has the industry been evolving in terms of geography & solution adoption?
5. What key factors would propel and impede the industry across the region?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?