The Report Covers the North America Wind Power Market Size and Share, and It is Segmented Into Location (Onshore and Offshore) and Geography (United States, Canada, and Rest of North America). The Report Offers the Installed Capacity and Forecasts in Gigawatts (GW) for all the Above Segments.

In 2024, new onshore wind installations in North America stood at roughly *** gigawatts. It is forecast that onshore wind capacity additions in the region will amount to **** gigawatts in 2030, while offshore capacity additions will reach *** gigawatts in 2028.

Forecast: Wind Energy Generation in North America 2022 - 2026 Discover more data with ReportLinker!

Forecast: Wind Energy Consumption in North America 2022 - 2026 Discover more data with ReportLinker!

The North America Rooftop Wind Energy Market was valued at USD 81.93 Million in 2024 and is expected to reach USD 129.73 Million by 2030 with a CAGR of 7.96% during the forecast period.

The Report Covers North American Floating Offshore Wind Power Market Size and It is Segmented by Water Depth (Qualitative Analysis Only) (Shallow Water (less Than 30 M Depth), Transitional Water (30 M To 60 M Depth), Deep Water (higher Than 60 M Depth) and Geography (United States, Canada, and Mexico). The Report Offers the Market Size and Forecasts for Offshore Floating Wind Power in Installed Capacity for all the Above Segments.

The North American wind power equipment market is experiencing robust growth, driven by increasing demand for renewable energy, supportive government policies promoting clean energy transition, and decreasing equipment costs. The market, valued at approximately $15 billion in 2025, is projected to exhibit a compound annual growth rate (CAGR) exceeding 3% through 2033. This growth is fueled by several key factors: a rising focus on reducing carbon emissions, the expansion of wind farms, particularly in onshore locations across the United States and Canada, and technological advancements leading to improved turbine efficiency and lifespan. Significant investments in grid infrastructure to accommodate increased renewable energy generation further bolster market expansion. Segmentation reveals that onshore wind projects currently dominate the market share, while rotor/blade components represent a substantial portion of equipment type demand. However, growing interest in offshore wind energy, particularly in coastal areas, presents a significant opportunity for future market expansion. While regulatory hurdles and land acquisition challenges could pose restraints, the overall market outlook remains highly positive, with continued growth expected across all segments. Competition within the North American wind power equipment market is intense, with major players like Vestas, Siemens Gamesa, General Electric, and Nordex vying for market share. These companies are investing heavily in research and development to enhance turbine technology, optimize operations, and offer competitive pricing. The emergence of innovative companies and a growing focus on supply chain resilience will shape the competitive landscape in the coming years. The United States is currently the largest market within North America, followed by Canada, with significant growth potential in the Rest of North America region. Continued government incentives, technological improvements focusing on reducing the levelized cost of energy (LCOE), and an increasing awareness of the environmental benefits of wind power will be key drivers for sustainable growth throughout the forecast period (2025-2033). Recent developments include: November 2022: TPI Composites, Inc. (TPI) signed an agreement with GE Renewable Energy (GE) to allow the former company to secure a ten-year lease extension for its rotor blade manufacturing facility in Newton, Iowa, United States. Under the agreement, GE and TPI planned to develop competitive rotor blade manufacturing options to meet GE's commitments in the United States market, with production expected to commence in 2024. The agreement is a component of the Inflation Reduction Act of 2022's support for important American industries working in the domestic renewable energy sector., May 2022: BW Ideolhas signed an agreement with EDF Renewables and Maple Power to cooperate on the design of floating foundations for the AO6 floating offshore wind tender. This call for tender related to two sites with a capacity of 250 MW each. Combined, these two projects should produce the equivalent of the domestic electricity consumption of approximately one million inhabitants., April 2022: Boralex, a renewable energy company, partnered with Énergirand Hydro-Québec to develop three 400 MW wind projects in the Seigneurie de Beaupréterritory in Quebec, Canada.. Notable trends are: Onshore Segment to Dominate the Market.

North America Onshore Wind Energy market size will be USD 21061.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031. North America has emerged as a prominent participant, and its sales revenue is estimated to reach USD 28982.1 Million by 2031. This growth is mainly attributed to favorable government policies, such as tax incentives and renewable energy mandates, which boost investments.

The size of the North America Wind Power Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 7.34% during the forecast period. Wind power is the process of converting the kinetic energy of wind into mechanical or electrical energy using wind turbines. These turbines consist of blades that rotate when wind flows over them, driving a generator to produce electricity. Wind power is a renewable and sustainable energy source, as wind is naturally replenished and does not produce greenhouse gas emissions during operation. Wind farms, which can be located onshore or offshore, consist of multiple wind turbines working together to generate significant amounts of electricity. The energy produced can be fed into the electrical grid or used directly for specific applications. Wind power contributes to reducing reliance on fossil fuels and helps mitigate climate change. Recent developments include: In October 2022, EDP Renewables North America (EDPR NA), a renewable energy developer and operator, announced the construction of a 202-megawatt (MW) Indiana Crossroads II wind power plant in White County, Indiana. The power plant is expected to be commissioned in the year 2023 and will annually supply power to more than 54,000 average Indiana homes., In April 2022, Offshore wind energy developer, Trident Winds submitted a 2,000-MW unsolicited lease application to BOEM to develop a floating offshore wind project called Olympic Wind off Washington State.. Key drivers for this market are: 4., Increasing Investments in Offshore Wind Power Projects4.; Supportive Government Policies. Potential restraints include: 4., Increasing Adopting of Alternative Clean Energy Sources (Ex: Solar, Hydro). Notable trends are: Onshore Segment to Dominate the Market.

In 2024, the United States generated almost ******percent of its electricity from wind and solar, ranking second among countries in North America. Canada generated roughly ****percent of electricity from wind and solar sources that year.

In North America Offshore Wind Market, It is witnessing accelerated growth as the country intensifies its transition toward renewable energy.

In North America Offshore Wind Energy Market, MHI Vestas Offshore Wind partnered with research institutes to develop advanced digital monitoring solutions for predictive maintenance of offshore turbines.

The size of the North America Floating Offshore Wind Power Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 186.80% during the forecast period. Floating offshore wind power involves the use of wind turbines mounted on floating structures, allowing them to generate electricity in deep waters where traditional fixed-foundation turbines are not feasible. These floating turbines are anchored to the seabed using mooring lines and anchors. This technology significantly expands the potential areas for offshore wind farms, especially in regions with limited shallow waters, such as Japan, Portugal, and the U.S. West Coast. Floating offshore wind farms can be placed further from shore, reducing visual impact and avoiding conflicts with shipping lanes and fishing areas. Recent developments include: Nov 2023: On November 21st, 2023, Denmark's Orsted and US's Eversource Energy announced the installation of the South Fork offshore wind project, the first of its 12 turbines, in New York State., Aug 2023: On 24th August 2023, SBM Offshore JV and DP Energy's Joint Venture firm, Nova East Wind, announced the proposal to develop Canada’s first floating offshore wind farm with a generation capacity of 300-400 MW.. Key drivers for this market are: 4., Adoption of Carbon Free Electricity Generation Sources4.; Favorable Government Policies. Potential restraints include: 4., Tough Competition from Alternative renewable energy sources. Notable trends are: Deep Water as a Significant Segment.

The average for 2022 based on 25 countries was 19.8 billion kilowatthours. The highest value was in the USA: 434.3 billion kilowatthours and the lowest value was in Antigua and Barbuda: 0 billion kilowatthours. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

North America Offshore Wind Energy comes with extensive industry analysis of development components, patterns, flows, and sizes. The report calculates present and past market values to forecast potential market management during the forecast period between 2025 - 2033.

North America Wind Turbine market size will be USD 22057.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031. North America has emerged as a prominent participant, and its sales revenue is estimated to reach USD 34179.1 Million by 2031. This growth is mainly attributed to the region's surge in investments in renewable energy.

The North American wind power equipment market is segmented by location (onshore and offshore), equipment type (rotor/blade, tower, generator, gearbox, and other equipment types), and geography (the United States, Canada, and the rest of North America). The report offers market size and forecasts for the wind power equipment market in revenue (USD billion) for all the above segments.

The size of the North America Large Wind Turbine Market was valued at USD 1.88 Million in 2023 and is projected to reach USD 2.96 Million by 2032, with an expected CAGR of 6.70% during the forecast period. A large wind turbine is a device designed to convert the kinetic energy of wind into electrical energy on a utility scale. These turbines typically have rated capacities ranging from 100 kilowatts to several megawatts. They are often grouped together in wind farms to produce significant amounts of electricity for the grid. Large wind turbines consist of several key components: a rotor with blades, a nacelle containing the generator and gearbox, and a tall tower to capture stronger winds at higher altitudes. Recent developments include: February 2023, the United States Department of Energy (DOE) announced USD 30 million in grants to promote composite materials and additive manufacturing (AM) in large wind turbines comprising offshore wind energy systems. The projects financed through this initiative will promote the priorities specified in DOE’s Offshore Wind Supply Chain Road Map and the Biden Administration’s newly revealed Floating Offshore Wind Shot, as well as elevating the President’s goals to deploy 30 GW of offshore wind energy by 2030 and attain a net-zero carbon economy by 2050., November 2022: TPI Composites Inc. (TPI) signed an agreement with GE Renewable Energy (GE) to allow the former company to secure a ten-year lease extension for its rotor blade manufacturing facility in Newton, Iowa, United States. Under the agreement, GE and TPI plan to develop competitive rotor blade manufacturing options to serve GE's commitments in the United States market, with production expected to commence in 2024. The agreement is a part of the support provided by the Inflation Reduction Act of 2022 for critical American industries serving the domestic renewable energy sector.. Key drivers for this market are: 4., Reducing Costs of Wind Energy4.; Increasing Investment in Wind Energy. Potential restraints include: 4., Adoption of Alternative Clean Energy Sources like Solar and Others. Notable trends are: Offshore Segment Is the Fastest Growth Segment.

The maximum wind speed during the forecast period km/hr (mdws).

Week 1 and week 2 forecasted index is available daily from September 1 to August 31.

Week 3 and week 4 forecasted index is available weekly (Thursday) from September 1 to August 31.

Winds can significantly influence crop growth and yield mainly due to mechanical damage of plant vegetative and reproductive organs, an imbalance of plant-soil-atmosphere water relationships, and pest and disease distributions in agricultural fields. The maximum wind speed and the number of strong wind days over the forecast period represent short term and extended strong wind events respectively.

Agriculture and Agri-Food Canada (AAFC) and Environment and Climate Change Canada (ECCC) have together developed a suite of extreme agrometeorological indices based on four main categories of weather factors: temperature, precipitation, heat, and wind. The extreme weather indices are intended as short-term prediction tools and generated using ECCC’s medium range forecasts to create a weekly index product on a daily and weekly basis.

The North America Airborne Wind Energy Market was valued at USD 297.82 Million in 2024 and is expected to reach USD 1996.46 Million by 2030 with a CAGR of 37.31% during the forecast period.