North America Wind Turbine Market Size - By Axis (Horizontal, Vertical), By Installation (Onshore, Offshore), By Connectivity (Grid Connected, Stand Alone), By Rating, By Application, By Component, & Forecast, 2025 - 2034

North America Wind Turbine Market Size

The North America wind turbine market size was valued USD 25.1 billion in 2024 and is anticipated to register more than 5% CAGR from 2025 to 2034. Over the years, advancements in the technology of wind turbine dominated their efficiency, reliability, and performance. The advancements in materials and its manufacturing processes, aerodynamics, and digitalization contributed towards building bigger and efficient turbines which, in turn, resulted in the reduction of energy costs.
 

Accelerated electrification in line with increasing shift to reduce the dependency on conventional power sources will result in increased clean electricity generation, thereby positively affecting the North America wind turbine market statistics. For instance, according to IEA, in 2023, the renewables share in electricity generation accounted for nearly 30%. The high cost of traditional power sources coupled with the surging demand to provide enhanced energy security has led to increased investments in wind power plants, which will augment the business landscape.
 

Supportive government policies & norms in favor of advanced & cost-competitive wind power technologies will benefit the industry outlook. Furthermore, it has become one of the fastest growing sources of renewable electricity globally, contributing to efforts to mitigate climate change and transition to a sustainable energy future is anticipated to augment the industry landscape.
 

Installed capacity of grid connected wind turbines along with increasingly cost competitive with conventional sources of electricity generation, including coal and natural gas will drive the product penetration. Significant growth in wind power capacity, according to the American Wind Energy Association (AWEA) and the Canadian Wind Energy Association (CanWEA) coupled with set ambitious renewable energy goals as part of their climate mitigation and energy transition strategies will drive the business scenario.
 

North America Wind Turbine Market Trends

• Increasing potential to harness stronger and more consistent winds, offering opportunities for large scale clean energy generation offshore will drive the product demand. For example, in December 2021, the International Renewable Energy Agency signed an MoU with Alliance for Rural Electrification (ARE) to reinforce their cooperation on universal energy access & rural electrification.
   
• In North America, wind energy stands out as the preeminent source for electricity generation and is already incorporated in the power grids of the continent. The need for energy is on the rise while the desire to decrease greenhouse gases and dependence on fossil fuels is growing which will positively impact the business ecosystem. Moreover, it will aid in the reduction of capital investment, energizing the prospects for North America wind turbine market growth.
   
• The governments of the U.S., Canada, and Mexico have all enacted policies and allocated resources for the building and functioning of wind turbines alongside other projects of wind energy. For example, the U.S. government initiated the Floating Offshore Wind Shot project in September with an objective to achieve the acceleration of the country’s clean energy goals while maintaining leadership in the sector.
   
• These policies include production tax credits, investment incentives, renewable portfolio standards, and other mechanisms designed to encourage investment in wind power and promote its integration into the electricity grid. Furthermore, growing economies of scale, with multiple turbines grouped together to maximize energy production and grid integration.
   

North America Wind Turbine Market Analysis

• Based on axis, the horizontal segment is anticipated to grow at CAGR of more than 4% through 2034.
   
• Growing deployment in large scale utility projects, including onshore wind farms and offshore wind installations with multiple turbines grouped together to maximize energy production and grid integration will strengthen the business landscape. Horizontal wind turbine technology has advanced significantly in recent years, leading to improvements in efficiency, reliability, and performance.
   
• Surge in new energy technologies is characterized by the development of wind turbines which have variable speed generators, control systems and long blades which increases the amount of energy wind turbines capture and aids in their ability to function in a wide variety of wind conditions. HAWTs finds applications mainly across commercial and utility-scale wind projects owing to their suitability in stronger wind sites and ability to provide variable blade pitch, thereby leading to an increased turbine output.
   
• Vertical axis wind turbines will grow on account of continuous upgrades and expansion of design infrastructure along with the rising trend to replace conventional technologies with efficient solutions. The attributes that enhance the industry landscape further include low starting wind speed, simple maintenance requirements, operational flexibility, and costs that are lower than those of HAWTs.
   

• Based on installation, the onshore wind turbine accounted for over 94.6% share of the North America wind turbine market in 2024. Vast wind resources and regions, for example, the Great Plains, the Midwest, and coastal areas, are very windy, which greatly increases the viability of turbines in those regions.
   
• Onshore wind power is amongst the most affordable means to generate electricity in significant areas of North America due to the fall in Levelized Cost of Electricity (LCOE) in recent years. In addition, acceptance from the society as a whole will improve due to cleaner environmental conditions like reduction in greenhouse gases, better air quality, and decreased climate change. For example, in October 2022 Siemens Gamesa Renewable Energy launched its onshore wind turbine model SG 7.0-170.
   
• The offshore wind turbine market is set to grow at over 9% CAGR through 2034 on account of enhanced efficiency, reduced environmental impact, and large space availability. Major players are extensively focusing on introducing advanced solutions suitable for extreme environmental conditions in line with ongoing research & development activities will boost the business potential. For instance, in May 2022, Vestas introduced the V163 - 4.5 MW turbine and expanding its 4-megawatt platform.
   

• The U.S. wind turbine market size surpassed to USD 20.5 billion, USD 21.8 billion and USD 22.4 billion in 2022, 2023 and 2024 respectively. There has been a growing policy and incentive implementation for the development of renewable energy that include investment opportunities, production tax credits, and other regulations that assist in the commercialization of technology through the deployment of wind projects. Moreover, advancements in the production of energy from wind turbines will make cost and product efficiency more favorable which will increase adoption of the product.
   
• Canada wind turbine market will cross to USD 4 billion by 2034 on account of its vast land area and varying wind resources. The wind energy market is primarily led by provinces such as Ontario, Alberta, Quebec, and Saskatchewan. Introduction of various incentives and support mechanisms, comprising feed-in tariffs, tax incentives, and auction-based procurement systems will drive the business scenario.
   
• Mexico has huge untapped market for wind power generation Due to geographical opportunities. The Mexican Wind Energy Association reports an increase of 96 MW of wind energy capacity for Mexico in the year 2023. Investment of domestic and foreign funds through public private partnerships by major energy construction firms such as Acciona, Iberdrola, and Enel Green Power will enhance the adoption of products in the market.
   

North America Wind Turbine Market Share

• Top 5 players operating in the industry include Goldwind Americas, Nordex, GE, Siemens and Vestas. Collaborations have displayed a growing trend of trend of joint ventures, partnerships, and collaborations between renewable energy developers and turbine manufacturers in North America. The industry ecosystem will be enhanced by fomenting mergers, joint ventures, technological prowess and market access and project development capability.
   
• Furthermore, further investments are being made to improve the innovation such as, increasing the height of the towers, optimizing rotor diameter, and, in the long run using advanced materials to maximize energy production and reduce environmental impacts. In combination with these efforts, resources are being allocated towards enhancing efficiency, reliability, and overall environmental performance of products which is guaranteed to optimize the industry.
   

North America Wind Turbine Market Companies

• Goldwind Americas has managed to install 100 GW of wind power globally along with 99% fleet availability. The company is regarded as a leader in the wind turbine technology sector and energy solutions and has outstripped 1 GW of total turbine capacity by 2021 in North America region with over 400 megawatts of delivered turbines.
   
• Nordex is the largest wind turbine manufacturer, offering high yield and cost effective wind turbines. The company achieved an order intake of 8.3 GW in the year 2024. Recently, in 2025, the group received an order for 247 MW wind turbine orders from Canada, reaching 1 GW of sales to North America in 2024.
   
• Siemens Wind Power and Gamesa merged their wind power business combining their unique product portfolios for wind power onshore, offshore and services. In 2021, the company introduced the first offshore wind turbine OEM blade facility in the U.S., focusing on the SG 14-222 DD machines.
   
• General Electric is a dominant player in the North American wind turbine market. The company’s onshore wind turbines are deployed all over the United States and Canada. Furthermore, in the fiscal year 2023, the company’s total revenue was approximately USD 67.9 billion.
   

Eminent players operating in the North America wind turbine market are:

• ATB Group
• Envision Group
• General Electric
• Goldwind Americas
• NORDEX
• ReGen Powertech
• Suzlon Energy Limited
• Siemens Gamesa Renewable Energy
• Senvion
• Vestas
   

North America Wind Turbine Industry News

• In November 2024, GE Vernova deployed 674 workhorse 3.6-154 wind turbines for the SunZia project for the developer, Pattern Energy to be completed in 2026. The largest wind farm totaling to 3,500 MW will provide enough power for 3 million people.  
   
• In December 2023, Vestas signed a contract to take over a service for a wind project in the USA. The order comprises thirty pieces of 4.5 MW V163 turbines, the supply and commissioning of which is accompanied by a twenty (20) year Active Output Management 5000 (AOM 5000) service contract aimed at maximizing the asset’s value further. Furthermore, the delivery is anticipated to be delivered in Q3 2024 to come into production into 2025.
   
• In December 2022, Vestas contracted with The AES Corporation in order to provide 48 of its V150-4.5 MW wind turbines. The company will supply, deliver, and commission its wind turbines for the U.S. Chevelon Butte Wind Farm Phase 2 project. The agreement granted the company an opportunity to demonstrate its capabilities towards large projects, thus solidifying its position within the industry.
   
• In September 2021, Goldwind America announced the installation and completion of GW 5S Smart Wind Turbine test unit. It has a structured design based on the company’s PMDD turbine technology, including a rotor diameter of 165 meters, a scaled rated power of 5.2 to 5.6 MW, and hub height from 100 to 130 meters. This will further support the company’s product presence, thereby expanding its presence globally.
   

This North America wind turbine market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume and revenue in “MW and USD Billion” from 2021 to 2034, for the following segments:

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Market, By Rating

• 100 kW
• 100 kW to 250 kW
• > 250 kW to 500 kW
• > 500 kW to 1 MW
• 1 MW to 2 MW
• > 2 MW

Market, By Axis

• Horizontal
  • Up-wind
  • Down-wind 
• Vertical

Market, By Installation

• Onshore
• Offshore

Market, By Connectivity

• Grid Connected
• Standalone

Market, By Application

• Residential
• Commercial & Industrial
• Utility

Market, By Component

• Blades
• Towers
• Others

The above information has been provided for the following countries:

• U.S.
• Canada
• Mexico