According to Markntel Advisors Report, US Wind Turbine Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

A turbine is a device that is essential in converting the energy from fluid or air into electricity. By utilizing a rotor system, a turbine can capture the rotational energy produced by the fluid to create various applications.

US Wind Turbine Market Research Report & Summary:

The US Wind Turbine Market size has an installed capacity of 1,42,542 MW (with total projects of 1,699) in 2024 and is projected to reach 1,61,821 MW by 2030. Along with this, the market is estimated to grow at a CAGR of around 2.14% during the forecast period. Moreover, the new installation capacity of 2,118 MW in 2024 (across 28 projects) is projected to reach 3,213 MW by 2030 and is estimated to grow with a CAGR of around 7.19% during the forecast period, i.e. 2025-30.                 

Time Period Captured in the Report:

·        Historical Years: 2020-2023

·        Base Years: 2024

·        Forecast Years: 2025-2030

Who are the Key Players Operating in the US Wind Turbine Market?

The top companies of the US Wind Turbine Market ruling the industry are: 

GE Renewable Energy, NourNET, Vestas, EDGNEX Riyadh RUH-1, ReGen Powertech, Envision Group, NextEra Energy, GE Vernova, Suzlon Energy Limited, NORDEX SE, Goldwind Americas, and others

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What is included in US Wind Turbine Market Segmentation?

The US Wind Turbine Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

• By Axis Type
• Horizontal - Market Size & Forecast 2020-2030F, USD Million
• Vertical - Market Size & Forecast 2020-2030F, USD Million
• 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
• 2.5 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
• By Application
• Industrial - Market Size & Forecast 2020-2030F, USD Million
• Commercial - Market Size & Forecast 2020-2030F, USD Million
• Residential - Market Size & Forecast 2020-2030F, USD Million
• Utility - Market Size & Forecast 2020-2030F, USD Million
• Others - Market Size & Forecast 2020-2030F, USD Million
• By Region
• North
• South
• East
• West

Explore the Complete US Wind Turbine Market Analysis Report – https://www.marknteladvisors.com/research-library/us-wind-turbine-market.html

US Wind Turbine Market Driver:

Federal and State Renewable Energy Policies – Federal and state renewable energy policies that prioritize sustainability and decarbonization strongly drive the US Wind Turbine Market. The Inflation Reduction Act of 2022 offered generous incentives for renewable energy initiatives. The prolonged Production Tax Credits (PTC) and Investment Tax Credits (ITC) specifically for wind energy, secure economic feasibility for major projects. This policy extension is expected to spur the growth of wind energy projects nationwide. Also, Renewable Portfolio Standards (RPS) are essential at the state level.  For example, California requires that 60% of its electricity must be generated from renewable sources by 2030, leading to a significant need for wind turbines.

In the same way, Texas, which is already the biggest wind energy producer in the US producing a staggering 28% of wind energy in the U.S. in 2023. Texas is continuing to increase its capacity with initiatives led by the state. The purpose of these standards is to help states diversify their energy sources boost domestic energy production and stimulate economic growth. Wind energy is a crucial part of the US energy transition due to strong regulations from both federal and state governments.

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