North America Onshore Wind Market (2026-2031)
The North America Onshore Wind Market was valued at $90432 Million in 2026 and projected to reach to $190140 Million by 2031, representing a compound annual growth rate of 8.6%. North America's onshore wind market is positioned for significant expansion through 2031, driven by favorable regulatory environments and declining technology costs.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
North America Onshore Wind Market Trends and Insights
- Valued at $90,432 million in 2026, North America is experiencing robust growth driven by supportive policy frameworks, technological advancements, and increasing corporate renewable energy commitments.
- The market in North America is projected to expand significantly, reaching $190,140 million by 2031, representing a compound annual growth rate of 8.6%. The expansion of North America's onshore wind sector reflects the region's commitment to decarbonization and energy independence.
- North America benefits from abundant wind resources, particularly across the Great Plains and coastal regions, coupled with established supply chains and skilled workforce capabilities.
- Between 2026 and 2031, North America is expected to see accelerated capacity additions, driven by favorable investment tax credits, renewable portfolio standards, and grid modernization initiatives that enhance wind energy integration. North America's competitive landscape includes both established turbine manufacturers and emerging technology providers focused on efficiency improvements and cost reduction.
- The market dynamics in North America are shaped by regional variations in wind resource availability, transmission infrastructure development, and state-level regulatory environments that collectively influence investment decisions and project deployment timelines..
Key Market Statistics
- CAGR (2026-2031) 8.6% CAGR
- Market Size, 2026 ~USD 90432 Million
- Forecast, 2031 ~USD 190140 Million
- Geography North America
North America Onshore Wind Market Overview
Market Valuation & Growth :
North America's onshore wind market is valued at $90,432 million in 2026 and is projected to reach $190,140 million by 2031, representing a robust 8.6% CAGR, demonstrating strong regional momentum in renewable energy adoption.
Policy & Regulatory Support :
Supportive policy frameworks across North America, including tax credits, renewable energy standards, and federal incentives, are driving substantial investments in onshore wind infrastructure and accelerating market expansion.
Technological Advancements :
Continuous innovations in turbine efficiency, capacity factors, and installation technologies are reducing costs and improving project economics, making onshore wind increasingly competitive in North America's energy landscape.
Corporate Renewable Commitments :
Increasing corporate renewable energy procurement and net-zero commitments from major North American enterprises are creating sustained demand for onshore wind power, supporting long-term market growth.
North America Onshore Wind Market Dynamics
- The region's commitment to decarbonization, combined with substantial corporate renewable energy targets, creates a compelling investment landscape.
- State-level renewable portfolio standards and federal tax incentives continue to support project development across the US and Canada. The market will benefit from grid modernization initiatives, improved transmission infrastructure, and growing energy storage integration.
- Technological improvements in turbine design and operational efficiency are enhancing project returns, attracting both institutional and private capital.
- North America's onshore wind sector is expected to play a pivotal role in meeting regional climate goals while supporting economic growth and job creation..
Market Ecosystem
ONSHORE WIND MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
|---|---|---|
 |
Whitelee Wind Farm, one of the UK’s largest onshore wind facilities, required modernization to improve energy output and operational efficiency while supporting the country’s renewable energy targets. Aging assets and evolving grid requirements made repowering and digital optimization increasingly important. | Modernization enhanced annual energy production, reduced maintenance-related downtime, extended asset life, and improved overall project economics. It also supported lower lifecycle costs and increased reliability, enabling the wind farm to continue supplying renewable electricity efficiently. |
 |
The 372 MW Björnberget project in Sweden was developed to strengthen renewable electricity generation in the Nordic region while taking advantage of favorable wind resources and modern high-capacity turbine technology | The project achieved higher energy capture, improved operational efficiency, and enhanced reliability, contributing substantial clean electricity to the regional grid while reducing the levelized cost of energy over the project lifetime. |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
Related Ecosystem
Decarbonization
- Battery Electric Vehicle (BEV)
- Energy Management Systems
- Fuel Cell
- Fuel Cell Electric Vehicle (FCEV)
- Geographical Information System (GIS)
- TotalEnergies SE
- Siemens ag
- Mitsui & Co., Ltd.
- General Electric Company
- Thyssenkrupp ag
Key Takeaways
- North America's onshore wind market will more than double from $90.4B in 2026 to $190.1B by 2031, driven by policy support and energy transition commitments.
- North America's 8.6% CAGR reflects strong investment momentum supported by tax incentives, renewable portfolio standards, and corporate sustainability goals.
- North America possesses significant untapped wind resources in the Great Plains and coastal regions, positioning the region for sustained capacity growth through 2031.
- North America's market competitiveness depends on grid infrastructure modernization, supply chain resilience, and technological innovations in turbine efficiency and cost reduction.
Onshore Wind Market Report Scope
| Report Metric | Details |
|---|---|
| Base Year | 2026 |
| Fastest Growing Segment | ABOVE 5 MW (Turbine Rating) |
| Forecast Period | 2026-2031 |
| Growth Rate | CAGR of 10.3% from 2026 to 2031 |
| Largest Segment | TURBINES (Component) |
| Market Size Base Year (Billions) | ~USD 132.9 (2026) |
| Revenue Forecast (Billions) | ~USD 216.97 (2031) |
| Segments Covered | Component, Turbine Rating |
North America Onshore Wind Market Report Segmentation
2 segment dimensions are covered across the global market.
By Component
- Electrical Infrastructure
- Turbines
By Turbine Rating
- 2-3 Mw
- 4-5 Mw
- Above 5 Mw
- Below 2 Mw
Target Audience
- Wind Energy Developers & Project Owners : Require detailed North American market data to identify optimal project locations, assess market demand, evaluate competitive positioning, and make informed investment and development decisions.
- Renewable Energy Investors & Financial Institutions : Need comprehensive regional market analysis to evaluate investment opportunities, assess risk profiles, forecast returns, and allocate capital effectively across North American wind projects.
- Equipment Manufacturers & Suppliers : Utilize market forecasts and regional demand data to optimize production capacity, plan supply chain strategies, and identify growth opportunities in the North American turbine and component markets.
- Utility Companies & Energy Providers : Require market intelligence to plan renewable energy portfolios, assess competitive threats, identify acquisition targets, and align procurement strategies with North American market trends.
- Government & Policy Makers : Use market data to inform energy policy development, evaluate renewable energy targets, assess economic impacts, and design effective incentive programs for North America's wind sector.
Countries within North America - compare and drill down
| Country | 2025 size (native) |
|---|---|
| US | USD 28416 Million |
| Canada | USD 3440 Million |
Country market size visualization
Reasons to Buy this Report
- Regional Market Sizing & Forecasts : Obtain precise market valuations for North America's onshore wind sector with detailed projections through 2031, enabling accurate financial planning and investment decision-making specific to the region.
- Country-Level Breakdown Analysis : Access granular market data for the US and Canada individually, allowing stakeholders to identify high-growth opportunities and tailor strategies to each country's unique regulatory and market dynamics.
- Competitive Landscape Intelligence : Understand market positioning, key players, and competitive dynamics specific to North America's onshore wind sector to inform strategic partnerships, M&A activities, and market entry strategies.
- Policy & Regulatory Insights : Gain comprehensive analysis of North American policy frameworks, incentive structures, and regulatory trends that directly impact project viability, investment returns, and market growth trajectories.
- Investment & Growth Opportunity Identification : Identify high-potential segments, emerging technologies, and geographic hotspots within North America to optimize capital allocation and maximize returns in the expanding onshore wind market.
Frequently asked questions
What is the projected market size for onshore wind in North America by 2031?
North America's onshore wind market is projected to reach $190,140 million by 2031, up from $90,432 million in 2026, representing an 8.6% compound annual growth rate.
What factors are driving growth in North America's onshore wind market?
North America's onshore wind market growth is driven by investment tax credits, renewable portfolio standards, corporate renewable energy commitments, abundant wind resources, and grid modernization initiatives that facilitate energy integration.
Which regions within North America have the strongest wind resources?
North America's strongest wind resources are concentrated in the Great Plains region and coastal areas, which offer consistent wind patterns and favorable conditions for large-scale turbine deployment.
How does North America's onshore wind CAGR compare to global growth rates?
North America's onshore wind market CAGR of 8.6% is slightly below the global average of 10.3%, reflecting the region's mature market status and established infrastructure compared to emerging markets.
What challenges does North America's onshore wind market face?
North America's onshore wind sector faces challenges including transmission infrastructure constraints, permitting delays, supply chain vulnerabilities, and regional variations in policy support that affect project economics and deployment timelines.
RESEARCH METHODOLOGY
The study involved major activities in estimating the current size of the onshore wind market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.
Secondary Research
This research study on the onshore wind market involved the use of extensive secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg, Businessweek, Factiva, International Energy Agency, and BP Statistical Review of World Energy, to identify and collect valuable information for a technical, market-oriented, and commercial study of the global onshore wind market. The other secondary sources included companies' annual reports, press releases, and investor presentations; white papers; certified publications; articles by recognized authors; manufacturer associations; trade directories; and databases.
Primary Research
The onshore wind market comprises stakeholders across the value chain, including onshore wind turbine manufacturers, component suppliers, onshore cable manufacturers, onshore substation providers, EPC contractors, project developers, utilities, transmission system operators, engineering consultants, digital technology providers, and operations & maintenance service providers. On the demand side, the market is driven by the increasing deployment of onshore wind projects across key regions, including Europe, Asia Pacific, and North America, supported by growing investments from utilities, independent power producers (IPPs), governments, and industrial energy consumers seeking large-scale renewable energy solutions. On the supply side, turbine manufacturers, foundation suppliers, electrical infrastructure providers, and onshore service companies are benefiting from increasing project awards, long-term supply agreements, and investments in onshore renewable energy infrastructure. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The following is the breakdown of primary respondents:
Note: Others include sales managers, engineers, and regional managers.
The tiers of the companies are defined by their total revenue as of 2024: Tier 1: > USD 1 billion; Tier 2: USD 500 million–1 billion; and Tier 3: < USD 500 million.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were employed to estimate and validate the size of the onshore wind market and its dependent submarkets. The key players in the market were identified through secondary research, and their market share in the respective regions was determined through a combination of primary and secondary research. The research methodology involves analyzing the annual and financial reports of leading market players and conducting interviews with industry experts, including chief executive officers, vice presidents, directors, sales managers, and marketing executives, to gather key quantitative and qualitative insights into the onshore wind market.
Data Triangulation
After determining the overall market size through the estimation process explained above, the total market has been divided into several segments and subsegments. To complete the overall market engineering process and obtain exact statistics for all segments and subsegments, data triangulation and market breakdown have been employed where applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market has been validated using both top-down and bottom-up approaches.
Market Definition
The onshore wind market encompasses the development, manufacturing, and installation of land-based wind energy systems that generate electricity from wind. It includes key components such as wind turbines, nacelles, rotors and blades, towers, and supporting electrical infrastructure, including wires and cables, substations, and related balance-of-plant equipment. The market covers turbine capacity segments ranging from up to 2 MW to above 5 MW and serves utility-scale, commercial, industrial, and government-backed renewable energy projects. Market growth is driven by decarbonization initiatives, favorable regulatory policies, technological advancements in turbine design, declining electricity generation costs, and increasing investments in sustainable and energy-secure power infrastructure.
Key Stakeholders
- Project Developers & Owners
- Turbine Manufacturers
- EPC Contractors & Marine Engineering Firms
- Mooring, Anchoring, & Subsea System Providers
- Electrical Infrastructure & Grid Connection Providers
- Governments & Regulatory Authorities
- Investors & Financial Institutions
- Research Institutions & Certification Bodies
- Energy Associations
- Environmental Associations
- Energy Efficiency Consultants
Report Objectives
- To describe and forecast the onshore wind market, by turbine rating and component, in terms of value
- To describe and forecast the onshore wind market for various segments with respect to five main regions: North America, Europe, Asia Pacific, South America, and Middle East & Africa, along with their country-level analysis, in terms of value
- To provide detailed information regarding the major drivers, restraints, opportunities, and challenges influencing the growth of the onshore wind market
- To analyze market opportunities for stakeholders and provide a detailed competitive landscape for market leaders
- To strategically analyze micromarkets about individual growth trends, prospects, and contributions to the total market
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
- To provide a detailed overview of the unmet needs and white spaces, interconnected markets and cross-sector opportunities, strategic moves by tier-1/2/3 players, onshore wind market value chain analysis, ecosystem analysis, key conferences and events, key stakeholders and buying criteria, patent analysis, trends/disruptions impacting customer business, trade analysis, tariff analysis, investment and funding scenario, technology analysis, technology/product roadmap, case study analysis, regulations, future applications, macroeconomic outlook, pricing analysis, Porter’s five forces analysis, sustainability initiatives, adoption barriers and internal challenges, market profitability, impact of regulatory policies on sustainability initiatives, certifications, labeling and eco-standards, decision making process, impact of gen AI, and the 2024 US tariff impact
- To analyze competitive developments, such as agreements, product launches, expansions, contracts, investments, partnerships, collaborations, announcements, and acquisitions in the market
Available customizations:
MarketsandMarkets offers customizations tailored to the specific needs of companies using the given market data.
The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
- Further breakdown of the onshore wind systems, by country
Company Information
- Detailed analysis and profiling of additional market players (up to five)
Get the Full Onshore Wind Market Report
Full forecast, segment splits, and company analysis for all Onshore Wind Market.
- China Onshore Wind Market
- India Onshore Wind Market
- Australia Onshore Wind Market
- Vietnam Onshore Wind Market
- Canada Onshore Wind Market
- US Onshore Wind Market
- Germany Onshore Wind Market
- UK Onshore Wind Market
- Spain Onshore Wind Market
- France Onshore Wind Market
- Italy Onshore Wind Market
- Sweden Onshore Wind Market
- Saudi Arabia Onshore Wind Market
- South Africa Onshore Wind Market
- Brazil Onshore Wind Market
- Rest Of Europe Onshore Wind Market
- Rest Of Asia Pacific Onshore Wind Market
- Rest Of South America Onshore Wind Market
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