US Wind Power Market Research Report By Application (Residential, Commercial, Industrial), By Installation (Onshore, Offshore) and By Turbine Capacity (100 KW, 100 KW to 500 KW, 500 KW to 1 MW, 1 MW to 3 MW, > 3 MW) - Forecast to 2035.

US Wind Power Market Overview:

As per MRFR analysis, the US Wind Power Market Size was estimated at 13.95 (USD Billion) in 2023. The US Wind Power Market Industry is expected to grow from 14.8(USD Billion) in 2024 to 54.7 (USD Billion) by 2035. The US Wind Power Market CAGR (growth rate) is expected to be around 12.619% during the forecast period (2025 - 2035).

Key US Wind Power Market Trends Highlighted

The US Wind Power Market is seeing a strong trend toward increasing capacity and technological advancements. Many states are implementing policies that promote renewable energy, particularly wind power, as part of their commitment to reducing greenhouse gas emissions. Key market drivers include federal tax incentives, such as the Production Tax Credit, which encourage investments in wind energy. The growing concern over climate change and the need for cleaner energy sources drive both public and private sector investments in wind projects. Opportunities to be explored include the potential for offshore wind farms, especially along the East Coast, where water depths and wind resources appear favorable.The growth of energy storage technologies also presents an opportunity to enhance the integration of wind energy into the grid, improving reliability and reducing reliance on fossil fuels. Recent trends highlight an uptick in community engagement and partnerships, where local populations are involved in decision-making processes related to new wind projects, thus increasing public acceptance and support. In recent times, the focus has shifted towards advancing turbine technology, leading to larger and more efficient turbines that can harness wind energy more effectively. There is also a notable trend toward integrating wind energy into state plans for achieving renewable energy targets, underscoring the importance of wind as a key component of the energy mix.The US wind sector is adapting to changes in energy demand, and technological improvements will likely continue to shape the landscape in the coming years. Overall, as more states commit to clean energy goals, the wind power sector is poised for significant growth and innovation in the US.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

US Wind Power Market Drivers

Growing Demand for Renewable Energy Sources

The increasing demand for renewable energy is a significant driver of the US Wind Power Market Industry. In 2020, wind energy accounted for approximately 8.4% of the total electricity generation in the United States, as reported by the U.S. Energy Information Administration (EIA). The country has set ambitious renewable energy targets, aiming to achieve 100% carbon-free electricity by 2035, as outlined in various government policies. This transition is necessary due to climate change concerns and the need for sustainable energy solutions.With major players such as the American Wind Energy Association (AWEA) advocating for expanded wind energy policies, there is an immense push for investment in wind power infrastructure. Furthermore, the US government has introduced various tax incentives, such as the Federal Production Tax Credit (PTC), which further bolster the development of wind energy projects, attracting more investments into the US Wind Power Market Industry.

Advancements in Wind Turbine Technology

Technological advancements in wind turbine design and efficiency are significantly driving growth in the US Wind Power Market Industry. The average size of wind turbines has increased over the years, with some modern turbines now exceeding 3 megawatts (MW) of generating capacity. According to the National Renewable Energy Laboratory (NREL), the capacity factor of new wind projects has improved due to enhanced turbine technologies, resulting in energy production efficiency gains.This has led to a decrease in the Levelized Cost of Energy (LCOE) for wind power, making it a more competitive energy source compared to fossil fuels. With companies like General Electric and Siemens Gamesa continuously innovating in the turbine sector, advancements are anticipated to further expand the viability and attractiveness of wind energy.

Supportive Government Policies and Incentives

Government policies and incentives play a crucial role in shaping the US Wind Power Market Industry. Various federal and state-level initiatives offer financial support and facilitate the growth of wind energy projects. For instance, the Renewable Portfolio Standards (RPS) adopted by numerous states require utilities to procure a certain percentage of their energy from renewable sources. Furthermore, the U.S. Department of Energy has made significant investments in Research and Development (R&D) for wind technology, showcasing their commitment to clean energy.In 2021, the federal government extended the tax credits for wind energy projects through 2025, demonstrating a long-term commitment to expand the wind energy sector and reduce reliance on fossil fuels.

Increased Corporate Commitment to Sustainability

The rising corporate commitment to sustainability is another driving force for the US Wind Power Market Industry. Many corporations are setting their own renewable energy goals, with companies like Google, Amazon, and Microsoft pledging to power their operations with 100% renewable energy. As reported by the Renewable Energy Buyers Alliance (REBA), the corporate procurement of renewable energy, including wind power, has accelerated, leading to significant investments and partnerships in the wind sector.This corporate demand not only contributes to the growth of the US Wind Power Market but also establishes a favorable environment for new projects and technologies to develop, aligning with broader sustainability goals across multiple industries.

US Wind Power Market Segment Insights:

Wind Power Market Application Insights

The US Wind Power Market has shown substantial growth and diversification in its Application segment, which encompasses Residential, Commercial, and Industrial uses. As of 2024, the overall market is projected to reach a significant valuation, reflecting increased interest in renewable energy sources. The shift towards wind energy is driven by various factors, including government initiatives to support clean energy, technological advancements, and rising environmental concerns among consumers. The residential segment has gained traction, particularly as households seek sustainable solutions for electricity, motivated by financial incentives and a desire to reduce their carbon footprint.Meanwhile, the commercial sector continues to explore wind power as a viable alternative to traditional energy sources, presenting opportunities for businesses to lower operational costs and enhance their sustainability profiles.

Industrial applications are also noteworthy, as manufacturing plants and large facilities adopt wind energy solutions to meet regulatory standards and improve efficiency. This segment plays a significant role in facilitating corporate social responsibility and boosting energy independence in the US. The trends indicate that the application of wind power is likely to grow as businesses and homeowners increasingly recognize its benefits, leading to greater investments in infrastructure and technology in the coming years.Factors such as the availability of land, favorable wind conditions, and the establishment of wind farms will significantly influence the dynamics within each area of application. Furthermore, the US Wind Power Market statistics indicate a concerted effort towards modernization and expansion across all applications, ensuring a reliable and sustainable energy supply for the future. Overall, the diverse applications of wind energy reflect a comprehensive strategy aimed at harnessing renewable resources for enhanced energy security and contribute to a greener economy.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Wind Power Market Installation Insights

The Installation segment of the US Wind Power Market plays a pivotal role in the growth and development of renewable energy infrastructure across the nation. This segment encompasses two primary categories: Onshore and Offshore installations. Onshore wind farms have traditionally dominated the US landscape, benefiting from lower costs and more accessible locations, while Offshore installations are gaining traction due to their potential for higher energy generation and reduced land use conflicts. With advancements in technology and decreasing costs in turbine manufacturing, both segments are poised for significant growth.The increasing demand for clean energy, reinforced by governmental policies promoting renewable resources, enables a favorable environment for the Expansion of both Onshore and Offshore installations. The US Wind Power Market revenue has seen a substantial surge as more states commit to ambitious renewable energy targets, thus fostering a competitive market landscape. As these installations grow, the need for skilled labor and materials also expands, presenting both challenges and opportunities in workforce development and sourcing. Overall, the Installation segment is integral to the US Wind Power Market's trajectory, contributing significantly to the industry's overall advancement and energy transformation efforts.

Wind Power Market Turbine Capacity Insights

The US Wind Power Market is characterized by diverse Turbine Capacity categories that cater to various energy needs and project types. Each capacity range serves a vital role in the overall landscape of renewable energy production. Turbines with a capacity of less than 100 KW are often deployed in residential and small-scale applications, making clean energy accessible to communities and households. The 100 KW to 500 KW range is crucial for small businesses and agricultural ventures, providing localized energy solutions while promoting sustainability.The 500 KW to 1 MW segment is significant for medium-sized enterprises and contributes to improved energy efficiency and reduced operational costs. Larger turbines, ranging from 1 MW to 3 MW, have gained immense popularity in utility-scale projects, significantly bolstering the US's renewable energy capacity. Turbines exceeding 3 MW cater to large wind farms, delivering substantial energy output and enhancing grid stability. The growth of these segments is driven by advancements in technology, decreasing costs, and favorable government policies focused on clean energy development.As many states implement renewable portfolio standards and incentive programs, the significance of each turbine segment in meeting regional energy demands continues to grow, supporting the expansion of the US Wind Power Market.

US Wind Power Market Key Players and Competitive Insights:

The US Wind Power Market has witnessed significant growth and transformation in recent years, driven by advancements in technology, policy support, and a shift towards renewable energy sources. As the country aims to reduce its carbon footprint and embrace sustainable energy solutions, various players in the wind power sector have emerged. Competition among these players is characterized by a race to innovate and to secure appropriate wind farm locations as well as establish partnerships for financing and development. The landscape is also affected by regulatory changes, regional grid dynamics, and the involvement of both established and new entrants who are keen to capitalize on the expanding demand for wind energy. This competitive environment necessitates a robust understanding of market trends, strategic positioning, and the operational capabilities of key market participants.EDF Renewables stands out as a significant force in the US Wind Power Market, leveraging its extensive experience and technical expertise to drive growth.

The company has established a strong presence across various states, successfully developing and managing several wind projects that contribute to the overall clean energy landscape in the US. A notable strength of EDF Renewables lies in its ability to integrate innovative solutions, such as advanced turbine technology and efficiency improvements, into its existing projects. Additionally, the company's commitment to sustainability resonates with stakeholders and aligns with national energy policies, further solidifying its position in the market. The strategic focus on partnerships, alongside a solid foundation of operational excellence, enhances EDF Renewables' competitive edge, allowing it to effectively navigate market dynamics and seize expansion opportunities.Energias de Portugal has also made notable strides within the US Wind Power Market, establishing a presence that reflects its commitment to renewable energy initiatives. The company focuses on generating clean energy through wind farms, harnessing its extensive experience in the energy sector.

Its product offerings include the development and management of renewable energy facilities, ensuring efficient delivery and maintenance of wind power generation. A core strength of Energias de Portugal is its global expertise in energy management, allowing it to implement best practices and optimize project performance in the US context. Furthermore, the company maintains a proactive approach toward mergers and acquisitions that could enhance its market position and broaden its portfolio within the US wind sector. This strategy not only stimulates growth but also reinforces its commitment to fostering sustainable energy solutions, thereby strengthening its competitive stance in the US market.

Key Companies in the US Wind Power Market Include:

EDF Renewables

Energias de Portugal

Iberdrola

Invenergy

Pattern Energy

Duke Energy

Bloom Energy

Vestas

First Solar

Southern Company

Enel Green Power

NextEra Energy

General Electric

Siemens Gamesa

US Wind Power Market Industry Developments

The US Wind Power Market has seen significant developments recently, with a surge in growth due to increased investments and favorable regulations. Companies such as NextEra Energy and Duke Energy are leading the market, focusing on expanding their renewable energy portfolios. In November 2023, EDF Renewables announced its plans to develop a new offshore wind project in partnership with Southern Company, underlining the ongoing efforts for green energy transitions. Additionally, Vestas secured a contract for turbine supply in a major wind farm project in Texas, showcasing the robust demand for wind energy solutions. In terms of mergers and acquisitions, Iberdrola's acquisition of a minority stake in an offshore wind venture in September 2023 signals strong interest among major players to consolidate their positions within the market. Overall, as initiatives around reducing carbon emissions gain momentum, market valuation for companies like General Electric and Siemens Gamesa is experiencing upward trends, reflecting broader acceptance and investment in wind energy technology across the United States. The last few years have witnessed these companies enhancing their Research and Development efforts to innovate wind technology further, aiming for greater efficiency and capacity in renewable energy generation.

US Wind Power Market Segmentation Insights

Wind Power Market Application Outlook

Residential

Commercial

Industrial

Wind Power Market Installation Outlook

Onshore

Offshore

Wind Power Market Turbine Capacity Outlook

100 KW

100 KW to 500 KW

500 KW to 1 MW

1 MW to 3 MW

> 3 MW

Report Attribute/Metric Source:	Details
MARKET SIZE 2018	13.95(USD Billion)
MARKET SIZE 2024	14.8(USD Billion)
MARKET SIZE 2035	54.7(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	12.619% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	EDF Renewables, Energias de Portugal, Iberdrola, Invenergy, Pattern Energy, Duke Energy, Bloom Energy, Vestas, First Solar, Southern Company, Enel Green Power, NextEra Energy, General Electric, Siemens Gamesa
SEGMENTS COVERED	Application, Installation, Turbine Capacity
KEY MARKET OPPORTUNITIES	Offshore wind farm development, Increased energy storage solutions, Advanced turbine technology innovation, Expansion in rural energy initiatives, Federal and state policy support
KEY MARKET DYNAMICS	Regulatory incentives, Technological advancements, Energy storage integration, Environmental concerns, Cost competitiveness
COUNTRIES COVERED	US