North America Wind Turbine Market To Grow At 2.11% Cagr By 2030 | Markntel Advisors

By Author: North America Wind Turbine Market
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Overview of the North America Wind Turbine Market: Key Statistics and Trends:

According to the latest report by MarkNtel Advisors, titled “North America Wind Turbine Market 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) and Others, The North America Wind Turbine Market size has an installed capacity of 1,76,301 MW (with installed units to be 85,309) in 2024 and is projected to reach 1,99,821 MW by 2030. Along with this, the market is estimated to grow at a CAGR of around 2.11% during the forecast period, i.e., 2025-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.

North America Wind Turbine Market Growth and Scope:

Base Year: 2024

Forecast Period: 2025-30

Historical Data: 2020-23

CAGR (2025-2030):  2.11%

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North America Wind Turbine Market Trend:

Rise of Hybrid Energy Projects – The North America Wind Turbine Market is experiencing a significant shift with the emergence of hybrid energy projects that integrate wind power with solar and battery storage technologies. This holistic method increases energy production to maintain a stable power supply, even with limited wind or sunlight. Hybrid projects can enhance grid stability and decrease dependence on conventional energy sources. For instance, in California, facilities such as the Tehachapi Wind Energy Storage Project also use big batteries to store extra wind energy, addressing problems caused by unpredictability. The IRA provides tax incentives for energy storage and hybrid systems, motivating developers to implement these technologies.  The trend supports the overall effort to diversify renewable energy, improve efficiency and resilience in the energy supply chain, and work towards the US's target of achieving net-zero emissions by 2050.

A Comprehensive Analysis of Leading Companies of North America Wind Turbine Market by MarkNtel Advisors:
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
Others
Key North America Wind Turbine Market Segmentation:

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/north-america-wind-turbine-market.html

-By End Users

Industrial
Commercial
Residential
Utility
Others

The segment of utilities is dominating the North America Wind Turbine Market by holding approximately 80% share of the total market.

-By Axis Type

Horizontal
Vertical

Horizontal axis wind turbines (HAWT) are the primary choice in the North America Wind Turbine Market accounting for almost 95% share of the entire market as their efficiency and popularity are in large-scale and land-based installations.

-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
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
Geographical Analysis

-By Region

The U.S.
Canada
Mexico

The U.S. leads the North America Wind Turbine Market accounting for almost 90% of the entire market with the greatest contributions from states like; Texas, Lowa, Oklahoma, and others due to their favorable policies supporting wind resources.

Key Reports Highlights:
Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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Key Advantages of the Report by MarkNtel Advisors:
Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

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