As per MarkNtel Advisors 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.

North America Wind Turbine Market Systems Market Outlook:

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North America Wind Turbine Market Systems Market Segmentation:

By Axis Type

-Horizontal - Market Size & Forecast 2020-2030F, USD Million

-Vertical - Market Size & Forecast 2020-2030F, USD Million

By Rating

-Up to 1 MW - Market Size & Forecast 2020-2030F, USD Million

-1 MW - 2.5 MW - Market Size & Forecast 2020-2030F, USD Million

-2.5 MW - 5 MW - Market Size & Forecast 2020-2030F, USD Million

-5 MW – 10 MW - Market Size & Forecast 2020-2030F, USD Million

-Above 10 MW - Market Size & Forecast 2020-2030F, USD Million

By Installation

-Offshore - Market Size & Forecast 2020-2030F, USD Million

-Onshore - Market Size & Forecast 2020-2030F, USD Million

By Component

-Rotator Blade - Market Size & Forecast 2020-2030F, USD Million

-Gearbox - Market Size & Forecast 2020-2030F, USD Million

-Generator - Market Size & Forecast 2020-2030F, USD Million

-Nacelle - Market Size & Forecast 2020-2030F, USD Million

-Others - Market Size & Forecast 2020-2030F, USD Million

By End Users

-Industrial- Market Size & Forecast 2020-2030F, USD Million

-Commercial- Market Size & Forecast 2020-2030F, USD Million

-Residential- Market Size & Forecast 2020-2030F, USD Million

-Utility- Market Size & Forecast 2020-2030F, USD Million

-Others - Market Size & Forecast 2020-2030F, USD Million

By Region

-The U.S.

-Canada

-Mexico.

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Comprehensive Analysis: Preview detailed market analysis, including segmentation, competitive landscape, and Geographical insights – https://www.marknteladvisors.com/research-library/north-america-wind-turbine-market.html

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.

Report Highlights Essential Insights for Strategic Decision-Making

• Detailed market size, share, and forecast analysis
• In-depth pricing trends and segment-wise cost evaluations
• Key industry strategies, including innovation, partnerships, and acquisitions
• Critical value chain analysis and stakeholder profiling
• Regional import-export market insights and trade flow assessment
• Thorough competitive benchmarking of top hearing aid manufacturers
• Identification of new growth opportunities and niche market segments
• Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the North America Wind Turbine Market are:

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,

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

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MarkNtel Advisors is a globally recognized market research firm offering comprehensive insights into the construction and mining sector, encompassing building management, construction materials, and construction technology & equipment. We assist developers, equipment manufacturers, and infrastructure investors in understanding market trends, sustainability mandates, and technological disruptions. Leveraging our Competitive Intelligence services, we help organizations benchmark competitors, identify white spaces, and craft informed growth strategies for enduring success in the global construction landscape.

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