North America Wind Power Market Forecast (2025–2033)
According To Renub Research North America Wind Power Market is projected to grow from US$ 36.48 billion in 2024 to US$ 54.64 billion by 2033, registering a Compound Annual Growth Rate (CAGR) of 4.59% during 2025–2033. This growth is driven by the increasing demand for sustainable energy, rapid technological innovation, and favorable government policies promoting renewable energy adoption across the region.
North America Wind Power Market Overview
Wind power, a renewable energy source, harnesses the kinetic energy of the wind to produce electricity through wind turbines. These turbines convert wind energy into electrical energy without emitting harmful pollutants, making wind power a clean and sustainable energy option.
In North America, wind energy has gained strong momentum due to its environmental and economic benefits. The ability to generate vast amounts of electricity without carbon emissions has positioned wind as a vital alternative to fossil fuels. Technological progress, lower installation costs, and supportive energy policies continue to strengthen the market’s foundation.
The United States and Canada are among the world’s largest producers of wind energy, and both countries continue to expand capacity. As awareness of climate change grows, wind power’s role in job creation, rural economic development, and clean energy transition becomes even more critical.
Drivers of Growth in the North America Wind Power Market
Growth in Government Incentives and Policy Support
Government initiatives across North America have been instrumental in propelling the wind energy market forward. The United States and Canada offer tax credits, subsidies, and renewable energy mandates to stimulate clean energy adoption.
In the U.S., the Production Tax Credit (PTC) and Investment Tax Credit (ITC) have significantly enhanced project viability for developers. Meanwhile, Canada’s provinces, such as Alberta and Ontario, have introduced renewable procurement programs to accelerate large-scale installations.
Both nations are pursuing aggressive climate goals, including achieving net-zero greenhouse gas emissions by 2050. The U.S. aims to generate 70–80% of its electricity from renewable sources by 2050, while Canada’s diversified power mix of hydropower, wind, and gas is expected to maintain system reliability.
Falling Costs and Increasing Efficiency of Wind Power Technology
Technological innovations have drastically reduced the cost of wind power generation, making it one of the most affordable renewable energy sources in North America. Modern turbines feature longer blades, stronger materials, and enhanced aerodynamic designs that maximize energy capture, even at lower wind speeds.
Digital technologies, such as predictive maintenance and smart monitoring systems, further improve efficiency and reduce downtime. The cost per megawatt-hour has decreased dramatically, placing wind power in direct competition with fossil fuel-based generation.
A notable example includes Vestas’ 810 MW offshore wind order from Equinor for the Empire Wind 1 project in New York, featuring 54 V236-15.0 MW turbines—a milestone for U.S. offshore wind infrastructure.
Growing Corporate and Industrial Demand for Clean Energy
Corporate sustainability commitments have become a major growth driver in the wind sector. Leading companies such as Google, Amazon, and Walmart have signed long-term Power Purchase Agreements (PPAs) to source renewable electricity from wind farms.
Industrial operators are also adopting wind power to lower operational costs and achieve decarbonization targets. Investor and consumer pressure for sustainable business operations continues to rise, further motivating corporations to invest in renewable projects.
In July 2024, the Federal Energy Regulatory Commission (FERC) introduced Order No. 1920, mandating 20-year transmission planning cycles to ease grid congestion and enhance renewable energy integration—a significant policy advancement supporting long-term industry growth.
Challenges in the North America Wind Power Market
Grid Integration and Transmission Constraints
One of the most significant challenges in the North American wind power industry is inadequate transmission infrastructure. Many high-wind regions—such as the U.S. Midwest and Canadian Prairies—are located far from major consumption centers, creating transmission bottlenecks.
Upgrading the grid requires large investments and lengthy regulatory approvals. Moreover, integrating variable wind power into the existing grid introduces technical challenges related to storage and system stability. Although smart grids and battery storage systems offer potential solutions, they remain costly and complex.
Without major grid upgrades, the region risks underutilizing its wind power potential, making infrastructure modernization essential for sustained market growth.
Environmental and Land Use Constraints
Environmental considerations and land-use conflicts also pose challenges to wind energy expansion. Wind farms sometimes face opposition due to visual impact, noise, and potential harm to wildlife—particularly birds and bats.
Land scarcity near prime wind zones can create competition with agricultural and conservation activities. Offshore wind projects face different hurdles, such as high installation costs and marine ecosystem protection concerns.
To address these issues, developers must engage communities early, conduct detailed environmental assessments, and incorporate eco-friendly designs to balance renewable growth with ecological preservation.
Request a free sample copy of the report:https://www.renub.com/request-sample-page.php?gturl=north-america-wind-power-market-p.php
North America Onshore Wind Power Market
The onshore wind power segment dominates the North American market due to its cost efficiency and mature infrastructure. Onshore projects are easier to construct and maintain, making them the preferred choice for utilities and independent power producers.
Key hubs include the U.S. Great Plains, Texas, and Canada’s Alberta and Saskatchewan provinces. Technological advancements in turbine design and digital monitoring have boosted reliability and output.
Corporate PPAs, streamlined permitting processes, and tax credits are all accelerating new project development. Onshore wind remains a cornerstone of North America’s clean energy strategy, providing reliable power generation and significant emissions reductions.
North America Offshore Wind Power Market
Offshore wind is one of the fastest-growing renewable sectors in North America. Offshore turbines benefit from stronger, more consistent wind speeds, resulting in higher energy yields and improved efficiency.
The U.S. East Coast—particularly New York, Massachusetts, and New Jersey—has emerged as a hotspot for offshore wind development. Federal goals to dramatically expand offshore capacity by the 2030s have attracted major global investors.
While installation costs remain high, advances in floating turbine technology and marine logistics are reducing barriers. Canada is also exploring offshore wind potential along the Atlantic coast, positioning the region as a future leader in offshore renewable energy.
North America Non-Utility Wind Power Market
The non-utility wind sector—which includes distributed and small-scale systems—is gaining traction. Businesses, farms, and educational institutions are increasingly investing in localized wind turbines to reduce dependence on centralized grids.
These smaller projects enhance local energy resilience, especially in remote areas with limited grid access. Community-based wind projects and hybrid systems that combine wind and solar technologies are expanding rapidly.
Government grants and tax incentives continue to encourage decentralized renewable development, helping the non-utility segment become a vital part of the region’s energy ecosystem.
North America Utility Wind Power Market
The utility-scale segment remains the dominant force in North American wind energy. Public and private utilities are investing heavily in large-scale projects to comply with renewable portfolio standards and reduce emissions.
Major wind farms in Texas, the Midwest, and Canadian Prairie provinces collectively power millions of homes. Economies of scale, advanced turbines, and long-term PPAs have improved profitability and reduced risk.
As grid modernization efforts progress, utility-scale wind projects are expected to remain the foundation of North America’s transition to a low-carbon energy future.
United States Wind Power Market
The United States leads the North American wind power market, holding the majority of installed capacity. Supportive policies such as federal tax credits, state renewable mandates, and falling turbine prices have positioned wind as one of the country’s fastest-growing electricity sources.
Texas, Iowa, and Oklahoma dominate onshore generation, while New York and Massachusetts spearhead offshore projects. Federal initiatives to modernize transmission and expand renewable integration continue to accelerate development.
Corporate investments and hybrid energy systems (combining wind, solar, and storage) are enhancing efficiency and grid reliability. With the U.S. targeting a carbon-free power sector by 2035, wind power remains central to achieving national decarbonization goals.
New York Wind Power Market
New York is a frontrunner in both onshore and offshore wind energy expansion. Under the Climate Leadership and Community Protection Act (CLCPA), the state aims for 70% renewable electricity by 2030, with major contributions from wind power.
Projects like Empire Wind and Sunrise Wind represent significant investments in offshore infrastructure. Additionally, upstate onshore developments provide jobs and local economic growth.
The state’s investments in port facilities and supply chains, combined with long-term procurement contracts, make New York a national model for policy-driven renewable energy success.
Canada Wind Power Market
Canada’s wind energy sector continues to expand, supported by abundant land, favorable wind conditions, and strong federal and provincial backing. Wind now contributes a significant portion of Canada’s renewable electricity mix.
Provinces such as Alberta, Ontario, and Quebec lead in capacity growth, driven by clean energy procurement programs. Canada’s net-zero by 2050 goals and carbon pricing mechanisms are spurring new investments.
Community and Indigenous-led projects are strengthening local economies and promoting energy self-reliance. Technological improvements have also made turbines more resilient in cold climates, supporting further expansion.
Alberta Wind Power Market
Alberta is one of Canada’s most dynamic wind power markets. With strong winds, a deregulated electricity system, and favorable policies, the province attracts significant private investment.
The phaseout of coal-fired power and the province’s net-zero by 2050 strategy have further accelerated wind adoption. Corporate PPAs are becoming increasingly popular, while hybrid systems integrating wind with storage and solar are on the rise.
Alberta’s vast plains and open transmission network make it a key region for large-scale wind deployment and renewable innovation.
Market Segmentation
By Location
· Onshore
· Offshore
By Application
· Utility
· Non-Utility
By Country
· United States
· Canada
Key U.S. States: California, Texas, New York, Florida, Illinois, Pennsylvania, Ohio, Georgia, New Jersey, Washington
Key Canadian Provinces: Alberta, British Columbia, Manitoba, New Brunswick
Key Companies in the Market
· GE Wind
· Vestas
· Siemens Wind Power
· Suzlon Group
· United Power
· Nordex SE
· Sinovel Wind Group
· EDF Renewable Energy
· ReGen Powertech
· ABB Limited
· DONG Energy
Conclusion
The North American wind power market is entering a period of strong, sustained growth. Backed by robust policy support, rapid technological advancements, and rising corporate demand for clean energy, wind power is becoming a key pillar of the region’s energy transformation.
While challenges such as grid limitations and environmental considerations remain, ongoing infrastructure modernization and innovation are poised to strengthen the market’s long-term prospects. By 2033, wind power will play an indispensable role in driving North America toward a sustainable, low-carbon energy future.
Note: If you need details, data, or insights not covered in this report, we are glad to assist. Through our customization service, we will collect and deliver the information you require, tailored to your specific needs. Share your requirements with us, and we will update the report to align with your expectations.