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, 2024 - 2032

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, 2024 - 2032

North America wind turbine market size is estimated to register a 5.7% CAGR from 2024 to 2032, driven by the strong commitment to reducing carbon emissions and transitioning to renewable energy sources. For instance, in July 2024, Nordex Group introduced a turbine variant of the Delta4000 platform, designed specifically to meet the needs of the U.S. market. Governments at both federal and state levels are implementing favorable policies and incentives to promote the adoption of wind energy. These include tax credits, grants, and renewable portfolio standards that require utilities to source a certain percentage of their energy from renewable sources.

The growing demand for clean and sustainable energy from consumers and businesses will also favor the market growth. With heightened awareness of climate change and environmental sustainability, there is a strong push towards reducing reliance on fossil fuels. Large corporations are committing to renewable energy to meet their sustainability goals, while consumers are demanding cleaner energy options from their utilities.

The overall industry is classified into rating, axis, installation, connectivity, application, component, and country.

Based on axis, the North America wind turbine market from the vertical segment is anticipated to witness substantial growth through 2032 due to its potential for integrating wind energy generation in urban environments where space is limited. Vertical axis wind turbines (VAWTs) are particularly well-suited for installation in densely populated areas and on rooftops as they are less affected by turbulent wind conditions and can operate efficiently at lower wind speeds.   

In terms of component, the North America wind turbine industry from the blade segment will generate notable revenue during 2024-2032 due to continuous advancements in blade technology to enhance turbine efficiency and performance. Modern wind turbine blades are designed to be longer, lighter, and more aerodynamically efficient, allowing them to capture more wind energy and generate higher power output even at lower wind speeds.

Canada wind turbine market is slated to depict a decent growth rate through 2032 attributed to the extensive coastline and open plains that offer ideal conditions for wind farms, particularly in provinces like Alberta, Ontario, and Quebec, where wind speeds are favorable. Government policies and incentives, such as the Clean Fuel Standard and provincial renewable energy targets, are also encouraging investments in wind energy infrastructure, adding to the regional market growth.