The North America Wind Turbine Market is poised for significant growth, with installed capacity projected to increase from 176,301 MW in 2024 to 199,821 MW by 2030, reflecting a CAGR of approximately 2.11% during 2025-2030. This expansion is driven by technological advancements, supportive regulatory frameworks, and a growing emphasis on sustainable energy solutions. The United States leads the market, contributing about 90% of the total market value, with substantial contributions from states like Texas, Iowa, and Oklahoma.
Industry Trends and Drivers:
- Technological Advancements: The industry is witnessing a shift towards larger turbine sizes, with some offshore turbines exceeding 12 MW in capacity. This trend reduces the cost per megawatt and enhances efficiency. Additionally, digitalization through IoT integration facilitates real-time monitoring and predictive maintenance, optimizing operations.
- Hybrid Energy Projects: There is a growing trend of hybrid projects that combine wind, solar, and battery storage to provide a consistent power supply and improve the integration of renewable energy into the grid.
- Regulatory Support: Federal and state renewable energy policies, including the 2022 Inflation Reduction Act, are influencing the market by providing extended tax credits for wind projects.
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Segmentation and Regional Analysis:
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
- Onshore
By Component:
- Rotator Blade
- Gearbox
- Generator
- Nacelle
- Others
By End Users:
- Industrial
- Commercial
- Residential
- Utility
- Others
By Region:
- United States
- Canada
- Mexico
Market Leaders:
Prominent companies in the North America Wind Turbine Market include:
- 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
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