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North America Wind Turbine Market Share

Report ID: GMI9489
Published Date: May 2024
Report Format: PDF

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North America Wind Turbine Market Share

North America Wind Turbine Company Market Share

Collaboration have displayed a growing trend of trend of joint ventures, partnerships, and collaborations between renewable energy developers and turbine manufacturers in North America. Growing mergers and joint ventures aimed at leveraging technological expertise, market access, and project development capabilities will develop the industry ecosystem. Moreover, investments in research and development to improve the efficiency, reliability, and environmental performance of their products along with innovations including taller towers, larger rotor diameters, and advanced materials contribute to maximizing energy production while minimizing environmental impacts is set to augment the business landscape.

North America Wind Turbine Market Companies

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

Goldwind Americas
NORDEX SE
Suzlon Energy Limited
Siemens Gamesa Renewable Energy, S.A.
Senvion
Vestas
Envision Group
General Electric
ReGen Powertech
ATB GROUP S.p.A.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

North America wind turbine market size was USD 24.04 billion in 2023 and is expected to register 5.7% CAGR from 2024-2032 owing to the rapid advances in materials, manufacturing processes, aerodynamics, and digitalization of wind turbines in the region.

The horizontal segment is expected to reach over USD 38.1 billion by 2032 due to growing deployment in large scale utility projects, including onshore wind farms and offshore wind installations.

The U.S. wind turbine industry is expected to record over USD 31.7 billion by 2032 due to growing implementation of policies and incentives to promote renewable energy development in the country.

Goldwind Americas, NORDEX SE, Suzlon Energy Limited, Siemens Gamesa Renewable Energy, S.A., Senvion, Vestas, Envision Group, General Electric, ReGen Powertech, and ATB GROUP S.p.A., are some of the major wind turbine companies in North America.