Inquire Before Buying - North America Wind Turbine Market Size, Growth & Share Analysis, 2030

North America Wind Turbine Market Research Report: Forecast (2025-2030)

North America Wind Turbine Market - By Axis Type (Horizontal, Vertical), By Rating (Up to 1 MW, 1 MW - 2.5 MW, 2.5 MW - 5 MW, 5 MW – 10 MW, Above 10 MW), By Installation (Offshore,......e, Onshore), By Component (Rotator Blade, Gearbox, Generator, Nacelle, Others), By End Users (Industrial, Commercial, Residential, Utility) and Others Read more

Energy
Dec 2024
Pages 150
Report Format: PDF, Excel, PPT

Market Definition

A turbine is a device that is essential in converting the energy from fluid or air into electricity. By utilizing a rotor system, a turbine can capture the rotational energy produced by the fluid to create various applications.

Market Insights & Analysis: North America Wind Turbine Market (2025-2030):

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. The wind turbine market in North America is increasing due to technological improvements, regulatory support, and increasing interest in sustainable energy, making it a key part of the renewable energy sector. The US leads the North America Wind Turbine Market.

Report Coverage	Details
Historical Years	2020-23
Base Years	2024
Forecast Years	2025-30
Market Size in 2024	1,76,301 MW
Market Size By 2030	1,99,821 MW
CAGR (2025-30)	2.11%
Leading Country	U.S.
Top Key Players	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, Others,
Key Report Highlights	Market Dimensions & Projections Pricing Evaluation, Recent Strategic Moves by Companies, Primary Stakeholders, Analysis of Import and Export Trends, Competitive Landscape Assessment, Emerging Opportunities, Market Trends and Indicators

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Federal and state renewable energy guidelines, like the 2022 Inflation Reduction Act, are driving the market with extended tax credits for wind projects in the U.S. Additionally, the growth of offshore wind power provides a major opportunity, with states such as New York and California at the leading edge of government efforts to access abundant offshore resources. Also, the emphasis on achieving energy independence and lowering dependence on foreign fossil fuels boosted the growth of the wind energy industry. For Instance; by the end of 2024, Electricity generation from wind turbines in Mexico will be more than 23 Billion kWh.

Moreover, it also tackles the challenge of decreasing carbon emissions in industries that are hard to decarbonize, including industrial manufacturing. The incorporation of wind electricity into the technology of green hydrogen is being seen as a potential game-changer. Promoting wind energy technology to international markets solidifies North America’s role as a leader in renewable power innovation. Furthermore, the sector is experiencing a trend towards bigger turbine sizes, with certain offshore turbines surpassing a capacity of 12 MW such as GE Haliade-X a production of GE Vernova. This trend lowers the cost per megawatt and improves efficiency.

Market Segmentation
Research Methodology
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
North America Wind Turbine Market Trends & Development
North America Wind Turbine Market Industry Dynamics
1. Drivers
2. Challenges
North America Wind Turbine Market Hotspot & Opportunities
North America Wind Turbine Market Policies, Regulations, Product Standards
North America Wind Turbine Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Axis Type
    1. Horizontal - Market Size & Forecast 2020-2030F, USD Million
    2. Vertical - Market Size & Forecast 2020-2030F, USD Million
  2. By Rating
    1. Up to 1 MW - Market Size & Forecast 2020-2030F, USD Million
    2. 1 MW - 2.5 MW - Market Size & Forecast 2020-2030F, USD Million
    3. 2.5 MW - 5 MW - Market Size & Forecast 2020-2030F, USD Million
    4. 5 MW – 10 MW - Market Size & Forecast 2020-2030F, USD Million
    5. Above 10 MW - Market Size & Forecast 2020-2030F, USD Million
  3. By Installation
    1. Offshore - Market Size & Forecast 2020-2030F, USD Million
    2. Onshore - Market Size & Forecast 2020-2030F, USD Million
  4. By Component
    1. Rotator Blade - Market Size & Forecast 2020-2030F, USD Million
    2. Gearbox - Market Size & Forecast 2020-2030F, USD Million
    3. Generator - Market Size & Forecast 2020-2030F, USD Million
    4. Nacelle - Market Size & Forecast 2020-2030F, USD Million
    5. Others - Market Size & Forecast 2020-2030F, USD Million
  5. By End Users
    1. Industrial- Market Size & Forecast 2020-2030F, USD Million
    2. Commercial- Market Size & Forecast 2020-2030F, USD Million
    3. Residential- Market Size & Forecast 2020-2030F, USD Million
    4. Utility- Market Size & Forecast 2020-2030F, USD Million
    5. Others - Market Size & Forecast 2020-2030F, USD Million
  6. By Region
    1. The U.S.
    2. Canada
    3. Mexico
  7. By Company
    1. Competition Characteristics
    2. Company Share & Analysis
U.S. Wind Turbine Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Revenue (USD Million)
2. Market Share & Analysis
  1. By Axis Type - Market Size & Forecast 2020-2030F, USD Million
  2. By Rating - Market Size & Forecast 2020-2030F, USD Million
  3. By Installation - Market Size & Forecast 2020-2030F, USD Million
  4. By Component - Market Size & Forecast 2020-2030F, USD Million
  5. By End-User- Market Size & Forecast 2020-2030F, USD Million
Canada Wind Turbine Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Revenue (USD Million)
2. Market Share & Analysis
  1. By Axis Type - Market Size & Forecast 2020-2030F, USD Million
  2. By Rating - Market Size & Forecast 2020-2030F, USD Million
  3. By Installation - Market Size & Forecast 2020-2030F, USD Million
  4. By Component - Market Size & Forecast 2020-2030F, USD Million
  5. By End-User- Market Size & Forecast 2020-2030F, USD Million
Mexico Wind Turbine Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Revenue (USD Million)
2. Market Share & Analysis
  1. By Axis Type - Market Size & Forecast 2020-2030F, USD Million
  2. By Rating - Market Size & Forecast 2020-2030F, USD Million
  3. By Installation - Market Size & Forecast 2020-2030F, USD Million
  4. By Component - Market Size & Forecast 2020-2030F, USD Million
  5. By End-User- Market Size & Forecast 2020-2030F, USD Million
North America Wind Turbine Market Key Strategic Imperatives for Growth & Success
Competitive Outlook
1. Company Profiles
  1. GE Renewable Energy
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. NourNET
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Vestas
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. EDGNEX Riyadh RUH-1
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. ReGen Powertech
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Envision Group
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. NextEra Energy
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Siemens Gamesa Renewable Energy, S.A.
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Suzlon Energy Limited
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. NORDEX SE
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Goldwind Americas
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  12. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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