As per MarkNtel Advisors The US Wind Turbine Market size has an installed capacity of 1,42,542 MW (with total projects of 1,699) in 2024 and is projected to reach 1,61,821 MW by 2030. Along with this, the market is estimated to grow at a CAGR of around 2.14% during the forecast period. Moreover, the new installation capacity of 2,118 MW in 2024 (across 28 projects) is projected to reach 3,213 MW by 2030 and is estimated to grow with a CAGR of around 7.19% during the forecast period, i.e. 2025-30. The wind turbine market in the US is increasing due to technological improvements, regulatory support, and increasing interest in sustainable energy, making it a key part of the renewable energy sector. Federal and state renewable energy guidelines, like the 2022 Inflation Reduction Act, are driving the market with extended tax credits for wind projects. Additionally, the growth of offshore wind power provides a major opportunity, with states such as New York and California at the leading edge of government efforts to access abundant offshore resources. Also, the emphasis on achieving energy independence and lowering dependence on foreign fossil fuels boosted the growth of the wind energy industry.

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US 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 Application

• • 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

• • North
  • South
  • East
  • West

US Wind Turbine Market Recent Development:

• November 2024: The U.S. Department of Energy announced four high-voltage direct current (HVDC) transmission research projects to enhance renewable energy integration. The $11 million program aims to reduce transmission costs by 35% by 2035 and promote widespread technology adoption, with funding from DOE offices.
• July 2024: Vestas secured a deal to deliver 60 V150-4.2 MW wind turbines for a 252 MW venture in the United States. The project will be Vestas' largest order in North America this year.

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US Wind Turbine Market Drivers:

Federal and State Renewable Energy Policies – Federal and state renewable energy policies that prioritize sustainability and decarbonization strongly drive the US 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 example, California requires that 60% of its electricity must be generated from renewable sources by 2030, leading to a significant need for wind turbines.

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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 US Wind Turbine Market are:

• GE Renewable Energy
• NourNET
• Vestas
• EDGNEX Riyadh RUH-1
• ReGen Powertech
• Envision Group
• NextEra Energy
• GE Vernova
• 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.

Key Steps:

• Define objectives and research design
• Collect data through surveys and interviews
• Analyze and validate data using reliable tools
• Forecast trends and deliver actionable insights

About us:

MarkNtel Advisors is a global research and advisory firm with expertise across the energy industry, covering renewable energy, oil & gas, energy storage, and power generation. We deliver data-backed insights that assist energy producers, utilities, and investors in navigating regulatory transitions and emerging technologies. With Consulting Services, we help clients interpret market intelligence and design actionable strategies that accelerate decarbonization, enhance energy resilience, and ensure sustainable growth across global markets.

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