North America Wind Power Equipment Market Size, Share, Growth, and Forecast 2026-2035 | Offshore Wind and Repowering Drive 5.0% CAGR to USD 39 Billion
Dublin, Oct. 14, 2026 (GLOBE NEWSWIRE) -- "North America Wind Power Equipment Market Size and Share - Growth Analysis Report and Forecast Trends (2026-2035)" has been added to ResearchAndMarkets.com's offering.
The North America wind power equipment market reached USD 26.4 Billion in 2025 and is projected to grow at a CAGR of approximately 5.0% from 2026-2035, reaching USD 39.0 Billion by 2035, according to the report. Growth is being supported by long-term clean energy policies, new wind project commitments, domestic manufacturing investment, offshore development and the repowering of ageing onshore wind assets.
In the United States, the Inflation Reduction Act's production tax credits provide 10-year revenue certainty for wind energy projects and have helped catalyse more than USD 50 billion in new commitments. The Biden-era target of 30 GW of offshore wind capacity by 2030 continues to support orders for turbines, foundations and related components despite permitting and project development challenges. Canada's 2035 clean electricity standard is also strengthening demand, particularly in Alberta and Ontario, as provincial authorities and utilities expand renewable electricity procurement.
The market outlook is further reinforced by technology upgrades and manufacturing expansion. GE Vernova's next-generation 18 MW offshore turbine platform is positioned to serve planned North American projects, while TPI Composites and LM Wind Power are expanding rotor blade manufacturing capabilities across Texas and Iowa. These investments support new installations as well as the substantial onshore wind repowering cycle expected through 2035.
Key Market Trends and Insights
Market Size and Forecast
Onshore wind remains one of the lowest-cost sources of new electricity generation in many US and Canadian markets. The continued availability of clean energy tax credits improves project economics relative to fossil fuel alternatives and provides greater certainty for utility-scale developments through at least 2035. Repowering is becoming particularly important as operators replace older, lower-capacity turbines with modern high-efficiency equipment that can increase generation at established sites.
Offshore wind equipment demand is expected to accelerate as projects advance along the US East Coast, Gulf of Mexico and other prospective regions. Commercial deployment of GE Vernova's Haliade-X and Siemens Gamesa's SG 14-222 DD platforms will create opportunities across turbine systems, offshore-specific foundations, electrical equipment and installation services.
Canada adds further depth to the regional market through clean electricity regulations and renewable procurement programmes in Ontario, Alberta and Quebec. Mexico also presents longer-term opportunities, supported by strong wind resources in Oaxaca and the Isthmus of Tehuantepec. USMCA supply chain integration could encourage additional component manufacturing and cross-border sourcing within the North American industrial base.
The report indicates that policy stability, competitive wind generation costs, domestic supply chain investment and next-generation turbine technology will remain central to market expansion. The United States is expected to retain its leading position, while rotor blades continue as the largest component category and offshore wind delivers the strongest installation growth through 2035.
Key Topics Covered:
North America Wind Power Equipment Market
North America Wind Power Equipment Market by Component
North America Wind Power Equipment Market by Installation Type
North America Wind Power Equipment Market by Capacity
North America Wind Power Equipment Market by Region
Market Dynamics
Competitive Landscape
List of Key Figures and Tables [12]
Companies Featured
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