Canada Onshore Wind Market (2026-2031)
The Canada Onshore Wind Market was valued at $1392 Million in 2026 and projected to reach to $3440 Million by 2031, representing a compound annual growth rate of CAGR 10.6%. Canada's onshore wind market is experiencing transformative growth as the nation accelerates its renewable energy transition.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
Canada Onshore Wind Market Trends and Insights
- This expansion reflects Canada's commitment to renewable energy transition and its abundant wind resources across provinces such as Alberta, Ontario, and Quebec.
- Canada's onshore wind sector benefits from supportive federal and provincial policies, declining turbine costs, and increasing corporate renewable energy procurement commitments. The Canadian onshore wind market is driven by the country's net-zero emissions targets and the need to replace aging fossil fuel infrastructure.
- Canada's geographic advantages, including consistent wind patterns and available land, position the nation as a competitive hub for wind energy development.
- Between 2026 and 2031, Canada is expected to see accelerated project development, technological advancements in turbine efficiency, and enhanced grid integration capabilities.
- Investment in transmission infrastructure and workforce development will further support Canada's onshore wind expansion during this forecast period..
Key Market Statistics
- CAGR (2026-2031) CAGR 10.6%
- Market Size, 2026 ~USD 1392 Million
- Forecast, 2031 ~USD 3440 Million
- Country Canada
Canada Onshore Wind Market Overview
Strong CAGR Growth :
Canada's onshore wind market is projected to grow at 10.6% CAGR from 2026 to 2031, outpacing the global average of 10.3%, driven by federal renewable energy targets and provincial incentives.
Significant Market Expansion :
Market valuation is expected to more than double from $1,392 million in 2026 to $3,440 million by 2031, reflecting accelerating investment in wind infrastructure across Canadian provinces.
Regional Wind Resource Concentration :
Alberta, Ontario, and Quebec lead Canada's onshore wind development, leveraging exceptional wind corridors and established transmission networks to support large-scale project deployment.
Renewable Energy Transition Momentum :
Canada's commitment to net-zero emissions by 2050 and increasing electricity demand create favorable conditions for onshore wind expansion, supported by government policies and corporate sustainability commitments.
Canada Onshore Wind Market Dynamics
- With abundant wind resources across multiple provinces and supportive federal policies, the sector is attracting substantial capital investment and technological innovation.
- The market's expansion reflects both government mandates for clean electricity and growing corporate demand for renewable power. Looking ahead to 2031, Canada's onshore wind sector will benefit from declining technology costs, grid modernization initiatives, and increasing energy security concerns.
- Provincial governments are implementing competitive procurement processes that drive efficiency and cost reduction.
- Supply chain development and workforce expansion will further strengthen market competitiveness, positioning Canada as a key player in North American renewable energy infrastructure..
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
- Canada's onshore wind market will grow from $1,392M (2026) to $3,440M (2031) at a 10.6% CAGR.
- Canada possesses significant wind resources and supportive policy frameworks driving renewable energy adoption.
- Provincial leadership in Alberta, Ontario, and Quebec accelerates Canada's onshore wind project pipeline.
- Canada's grid modernization and transmission investments enable large-scale onshore wind integration by 2031.
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 |
Canada 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
- Energy & Utility Companies : Require detailed market forecasts and provincial growth data to plan capacity expansion, procurement strategies, and renewable energy portfolio development across Canada.
- Wind Energy Developers & EPC Contractors : Need market sizing, regional opportunity assessment, and competitive intelligence to identify project pipelines, assess market entry feasibility, and optimize resource allocation in Canada.
- Investment & Private Equity Firms : Seek validated market data and growth projections to evaluate investment opportunities, assess portfolio companies, and make informed capital deployment decisions in Canadian wind assets.
- Government & Policy Makers : Utilize market intelligence to design effective renewable energy policies, set realistic targets, allocate subsidies, and monitor progress toward Canada's net-zero emissions goals.
- Supply Chain & Equipment Manufacturers : Require market forecasts and provincial demand analysis to plan manufacturing capacity, distribution networks, and product development strategies for Canadian wind energy projects.
Reasons to Buy this Report
- Market Size & Growth Validation : Obtain precise valuation data for Canada's onshore wind market with verified CAGR of 10.6%, enabling accurate financial forecasting and investment decision-making for the 2026-2031 period.
- Provincial Opportunity Mapping : Identify high-potential provinces (Alberta, Ontario, Quebec) with detailed market segmentation, competitive landscapes, and regional policy frameworks to prioritize market entry and expansion strategies.
- Investment & Funding Intelligence : Access comprehensive data on capital allocation trends, government incentives, and financing mechanisms specific to Canada's wind sector to optimize investment timing and structure.
- Competitive Positioning Analysis : Benchmark your organization against Canadian market players with insights on technology adoption, cost competitiveness, and supply chain dynamics to strengthen market positioning.
- Policy & Regulatory Insights : Understand federal and provincial renewable energy policies, grid connection requirements, and net-zero commitments driving market growth to ensure regulatory compliance and strategic alignment.
Frequently asked questions
What is the projected size of Canada's onshore wind market in 2031?
Canada's onshore wind market is forecast to reach $3,440 million by 2031, up from $1,392 million in 2026.
What is the CAGR for Canada's onshore wind market?
Canada's onshore wind market is expected to grow at a compound annual growth rate of 10.6% between 2026 and 2031.
Which provinces lead Canada's onshore wind development?
Alberta, Ontario, and Quebec are the primary drivers of Canada's onshore wind market, supported by strong wind resources and provincial renewable energy policies.
What factors are driving growth in Canada's onshore wind sector?
Canada's onshore wind growth is driven by net-zero emissions commitments, declining turbine costs, corporate renewable procurement, and supportive federal and provincial policies.
How does Canada's onshore wind market compare to global trends?
Canada's 10.6% CAGR slightly outpaces the global onshore wind market CAGR of 10.3%, reflecting strong domestic policy support and resource availability.
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
- 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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