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

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.

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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.

In addition, digital transformation is revolutionizing the industry by incorporating IoT technology in turbines for instant monitoring and maintenance forecasts. The improvements in technology like floating wind turbines are facilitating growth in deeper waters, broadening the scope of potential offshore areas. Teamed up with federal tax benefits and strong state-level efforts in the continent, these changes could help the market to achieve its net-zero emissions target, while also guaranteeing energy security and fostering job growth in the renewable energy industry.

Furthermore, hybrid projects that combine wind, solar, and battery storage are increasingly guaranteeing consistent electricity supply and enhancing the integration of renewable energy into the grid. Moreover, floating offshore wind platforms are becoming more popular, allowing for installation in deeper waters where conventional fixed platforms are impractical. Additionally, to achieve net-zero emissions by 2050, wind energy is seen as a vital part of the transition in the US. Stakeholders who take benefit of these factors, possibilities, and shifts will be in a robust role to benefit from the changing marketplace whilst addressing urgent climate and energy issues.

North America Wind Turbine Market Driver:

Federal and State Renewable Energy Policies – Federal and state renewable energy policies that prioritize sustainability and decarbonization strongly drive the North America Wind Turbine Market. The Inflation Reduction Act of 2022 offered generous incentives for renewable energy initiatives. The prolonged Production Tax Credits (PTC) and Investment Tax Credits (ITC) specifically for wind energy, secure economic feasibility for major projects. This policy extension is expected to spur the growth of wind energy projects nationwide. Also, Renewable Portfolio Standards (RPS) are essential at the state level.  For instance, California requires that 60% of its electricity must be generated from renewable sources by 2030, leading to a significant need for wind turbines.

Also, various tax incentives are being provided by the Canadian government such as; the Clean Technology ITC. Benefits worth up to 30% of the capital cost of investments in wind energy equipment are being provided under this. Incentives up to 15% of the capital cost of investments in non-emitting electricity generation systems, including wind also fall under the same.  The purpose of these standards is to help states diversify their energy sources boost domestic energy production and stimulate economic growth. Wind energy is a crucial part of the North American energy transition due to strong regulations from both federal and state governments.

North America Wind Turbine Market Opportunity:

Potential in New Wind Energy at Offshore and Repowering Aging Turbines – There is a significant possibility in offshore wind energy and updating old turbines in the North America Wind Turbine Market. Offshore wind energy, largely underutilized, holds huge promise along US coastlines. According to NREL to satisfy 20% of the country's predicted electricity requirements by 2030, an additional 293.4 gigawatts of wind energy capacity would need to be implemented, alongside the existing 11.4 GW. This will result in a total of 304.8 gigawatts of wind energy, producing nearly 1,200 terawatt-hours of electricity annually. Approximately 18% or 54 GW of the total amount would be generated by offshore wind power.

Moreover, renewing old turbines is another important opportunity. As of January 2022, the U.S. Wind Turbine Database contains more than 70,800 turbines which will require repowering for the optimum result. Currently, the cumulative installed capacity for wind power in Mexico was 7,480 MW in 2022.  Also, Mexico has an offshore wind capacity of 1,609.7 GW, which could produce 12,688 TWh annually which is 33 times more than Mexico's current energy consumption, with locations like; Tabasco, Campeche, and Yucatan. Moreover, Canada has existing infrastructure, including deep water ports Coupled with strong wind and shallow water near the coast.

North America Wind Turbine Market Challenge:

Turbine Installations Issues to Hinder Market Growth – The wind turbine industry in the US is encountering significant obstacles such as; environmental worries, wildlife impacts, and expensive installation expenses. Common concerns during onshore installations include environmental impacts like noise pollution and land use. Offshore wind projects, despite their potential, are frequently examined for their effects on marine ecosystems. The National Audubon Society states that the installation of turbines could endanger bird migration routes, especially the golden eagle. In the same way, concerns have been raised regarding the impact of offshore wind farms on fish displacement and aquatic habitats. Another major obstacle is the financial responsibility. The initial setting up of wind turbines, especially those offshore, involves significant initial costs, with each MW costing over USD 2.6 million to USD 4 million. Moreover, offshore turbine maintenance costs are higher because of their distant settings and challenging marine environments.

North America Wind Turbine Market Trend:

Rise of Hybrid Energy Projects – The North America Wind Turbine Market is experiencing a significant shift with the emergence of hybrid energy projects that integrate wind power with solar and battery storage technologies. This holistic method increases energy production to maintain a stable power supply, even with limited wind or sunlight. Hybrid projects can enhance grid stability and decrease dependence on conventional energy sources. For instance, in California, facilities such as the Tehachapi Wind Energy Storage Project also use big batteries to store extra wind energy, addressing problems caused by unpredictability. The IRA provides tax incentives for energy storage and hybrid systems, motivating developers to implement these technologies.  The trend supports the overall effort to diversify renewable energy, improve efficiency and resilience in the energy supply chain, and work towards the US's target of achieving net-zero emissions by 2050.

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

The North America Wind Turbine Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2025–2030 at the national level. Based on the analysis, the market has been further classified as:

Based on End Users:

• Industrial
• Commercial
• Residential
• Utility
• Others

The segment of utilities is dominating the North America Wind Turbine Market by holding approximately 80% share of the total market. It is powered by the development of large wind energy projects aimed at satisfying the increasing need for electricity. Utilities are in the leading position because of their ability to incorporate wind turbines into central power grids, guaranteeing a steady and dependable energy source. Projects like the Roscoe Wind Farm in Texas showcase the size and influence of this industry sector. Such farms play a crucial role in supplying renewable energy to millions of households with a capacity of over 780 MW. Federal benefits, such as Production Tax Credits (PTC), also support this sector by lowering expenses for building large-scale projects. In addition, utilities frequently collaborate with private companies using Power Purchase Agreements (PPAs) to guarantee sustainable financial success, bolstering their dominance in the wind turbine industry.

Based on the Axis Type:

• Horizontal
• Vertical

Horizontal axis wind turbines (HAWT) are the primary choice in the North America Wind Turbine Market accounting for almost 95% share of the entire market as their efficiency and popularity are in large-scale and land-based installations. These turbines, known for their blades that rotate in alignment with the wind, are very efficient at converting wind energy into electricity. They are more powerful due to greater energy output, enabled by larger blade sizes and improved aerodynamic designs. Ventures such as the Alta Wind Energy Center in California demonstrate the scalability and efficiency of Horizontal Axis Wind Turbines, making them the top choice for large wind farms. The advancements in blade design and materials improve durability and performance, especially in high-wind regions.

North America Wind Turbine Market (2025-30): Regional Projections

Geographically, the North America Wind Turbine Market expands across:

• The U.S.
• Canada
• Mexico

The U.S. leads the North America Wind Turbine Market accounting for almost 90% of the entire market with the greatest contributions from states like; Texas, Lowa, Oklahoma, and others due to their favorable policies supporting wind resources. A wave of growth is witnessed across the Inflation Reduction Act and state-level renewable portfolio standards providing subsidies, tax credits, and funds that will propel further. Currently, the sector also continues to grow for its Offshore U.S. wind which has a target of 2030, to achieve 30 GW. This has huge plans along the Atlantic Coast. It will further mark the U.S.’ leadership in the North America Wind Turbine Market during the forecast period.

North America Wind Turbine Industry Recent Development:

• July 2024: Vestas secured a deal to deliver 60 V150-4.2 MW wind turbines for a 252 MW venture in the United States. The project will be Vestas' largest order in North America this year.
• November 2024: The U.S. Department of Energy announced four high-voltage direct current (HVDC) transmission research projects to enhance renewable energy integration. The $11 million program aims to reduce transmission costs by 35% by 2035 and promote widespread technology adoption, with funding from DOE offices.

Gain a Competitive Edge with Our North America Wind Turbine Market Report

1. North America Wind Turbine Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps business organizations to gain a holistic understanding of market dynamics & make informed decisions.
2. This report also highlights current market trends & future projections, allowing business organizations to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
3. The North America Wind Turbine Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, business organizations can develop strategies to minimize risks & optimize their operations.

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