North America Wind Power Market Set to Soar: Clean Energy Revolution Gains Momentum by 2033

Introduction: The Winds of Change Across North America

The North America Wind Power Market is gaining remarkable momentum, driven by an accelerating shift toward renewable energy and the region’s commitment to net-zero emissions. According to Renub Research, the market is projected to grow from US$ 36.48 billion in 2024 to US$ 54.64 billion by 2033, exhibiting a Compound Annual Growth Rate (CAGR) of 4.59% between 2025 and 2033.

Wind power — a clean, cost-efficient, and renewable source — is now a pillar of North America’s energy transition. With advancements in wind turbine efficiency, digital monitoring, and grid integration, both the United States and Canada are experiencing exponential growth in wind energy installations, reshaping their energy mix and driving sustainable economic development.

⚡ North America Wind Power Market Outlook

Wind energy harnesses kinetic energy from air movement using turbines to produce electricity — a process that emits no greenhouse gases. As climate change concerns intensify, governments, corporations, and communities across North America are turning to wind power as a sustainable solution.

From the Great Plains of the U.S. to the Prairie provinces of Canada, large-scale wind farms are becoming critical infrastructure. The growing awareness of environmental benefits, combined with declining technology costs, is pushing the region toward a renewable energy renaissance.

🌎 Key Drivers of Market Growth

1. Government Incentives and Policy Support

Federal and provincial initiatives have been instrumental in fostering the wind power boom.

United States: Programs like the Production Tax Credit (PTC) and Investment Tax Credit (ITC) have made large-scale wind projects financially feasible.

Canada: Renewable procurement programs in provinces like Alberta and Ontario are facilitating rapid deployment of wind installations.

Additionally, both countries have ambitious net-zero emission targets by 2050, aligning policy, investment, and innovation toward renewable power generation.

By 2050, the U.S. could install between 1,200–2,000 GW of renewable capacity, generating up to 80% of national electricity through clean sources — a major portion coming from wind.

2. Declining Costs and Technological Advancements

Wind energy is now one of the lowest-cost renewable sources in North America.

Modern turbines are more efficient, with longer blades, better materials, and digital optimization, enabling power generation even in low-wind conditions.

For example, in September 2024, Vestas received an 810 MW offshore order from Equinor for the Empire Wind 1 project in New York — a milestone that highlights the region’s growing offshore capacity.

The cost per megawatt-hour for wind energy has dropped drastically over the past decade, making it cost-competitive with fossil fuels. Predictive maintenance and AI-based grid monitoring are further reducing operational costs and improving efficiency.

3. Corporate and Industrial Demand for Clean Energy

Corporate sustainability commitments are another significant growth driver. Tech giants like Google, Amazon, and Walmart have signed long-term Power Purchase Agreements (PPAs) with wind farms to achieve their renewable energy targets.

This trend is accelerating private investments and diversifying the renewable portfolio of corporate energy users.

In July 2024, the Federal Energy Regulatory Commission (FERC) introduced Order No. 1920, which mandates 20-year transmission planning cycles to alleviate grid constraints — ensuring long-term integration of wind energy into national power networks.

🚧 Challenges Restraining Market Growth

1. Transmission and Grid Infrastructure Limitations

Wind resources are often located far from consumption centers. The Midwest (U.S.) and Prairies (Canada) are prime examples where transmission bottlenecks limit efficient energy delivery.

Building new transmission lines is costly, time-consuming, and regulatory-intensive, leading to delays in large-scale project execution. Without significant investment in grid infrastructure, full-scale wind potential may remain underutilized.

2. Environmental and Land Use Constraints

Wind power projects face growing scrutiny due to wildlife impact, aesthetic concerns, and land use conflicts.

Community opposition and complex environmental permitting can slow down development. Offshore projects also encounter challenges in marine conservation and installation costs.

Developers are responding with eco-conscious turbine designs and community engagement programs to minimize conflicts, but environmental compliance remains a key cost and time consideration.

💨 Market Segmentation Overview

By Location

Onshore Wind Power

Dominates the market due to lower installation costs and ease of maintenance.

The U.S. Great Plains, Texas, and Alberta (Canada) are major onshore hubs.

Technological improvements have increased efficiency and capacity factors, making onshore wind the backbone of renewable generation.

Offshore Wind Power

Growing rapidly along the U.S. East Coast — particularly New York, Massachusetts, and New Jersey.

Offshore turbines produce more consistent energy, although installation costs remain high.

Floating turbine technology and government-backed port investments are opening new frontiers for offshore expansion.

By Application

Utility Wind Power

The largest segment, supported by state mandates and corporate PPAs.

Massive wind farms in Texas, Iowa, and Oklahoma generate power for millions of homes.

Grid modernization and transmission upgrades are further integrating utility-scale projects.

Non-Utility Wind Power

Includes distributed wind systems for communities, schools, and farms.

Enhances local energy independence and supports microgrid sustainability.

Hybrid systems combining wind and solar are becoming popular in rural and remote areas.

🇺🇸 United States Wind Power Market

The U.S. remains the powerhouse of North America’s wind industry, accounting for the majority of regional capacity.

Driven by state-level Renewable Portfolio Standards (RPS) and decreasing turbine prices, the U.S. wind sector is witnessing a surge in both onshore and offshore investments.

Texas, Iowa, and Oklahoma lead onshore installations.

The East Coast is emerging as a hotspot for offshore projects, supported by strong federal initiatives and private investment.

With the Department of Energy’s goal for a carbon-free electricity grid by 2035, wind energy is expected to play a central role in decarbonizing the power sector.

🗽 New York Wind Power Market

New York has positioned itself as a leader in renewable energy transformation.

Under the Climate Leadership and Community Protection Act (CLCPA), the state aims to generate 70% of its power from renewables by 2030.

Projects like Empire Wind and Sunrise Wind are key to achieving this target, supported by significant government investment in port infrastructure and supply chains.

The state’s stringent renewable targets and long-term procurement contracts have made it a magnet for clean energy investors.

🍁 Canada Wind Power Market

Canada’s wind sector is experiencing robust growth, supported by vast land availability, rich wind resources, and provincial clean energy goals.

Alberta, Ontario, and Quebec lead in installed capacity.

The federal carbon pricing system and net-zero target by 2050 are incentivizing large-scale renewable expansion.

Additionally, Indigenous-led wind projects are empowering local communities, creating jobs, and promoting energy sovereignty.

🌾 Alberta Wind Power Market

Alberta’s deregulated energy market and strong policy support have made it one of Canada’s fastest-growing wind regions.

The province’s shift from coal-based power to renewables is accelerating wind farm deployment.

Corporate PPAs are rising as companies lock in green power to meet sustainability goals.

Alberta’s vast plains and favorable wind speeds make it ideal for utility-scale projects.

The province is likely to remain a cornerstone of Canada’s renewable revolution through 2033.

🧭 Market Segmentation Summary

By Location:

Onshore

Offshore

By Application:

Utility

Non-Utility

By Country:

United States (California, Texas, New York, Florida, Illinois, Pennsylvania, Ohio, Georgia, New Jersey, Washington)

Canada (Alberta, British Columbia, Manitoba, New Brunswick)

🏢 Key Companies in the North America Wind Power Market

GE Wind

Vestas Wind Systems A/S

Siemens Wind Power

Suzlon Group

Nordex SE

United Power

Sinovel Wind Group

EDF Renewable Energy

ReGen Powertech

ABB Limited

DONG Energy (Ørsted)

Each of these companies plays a crucial role in advancing North America’s renewable energy ecosystem through innovation, strategic partnerships, and large-scale installations.

💭 Final Thoughts: A Decade of Opportunity and Transformation

As North America races toward a low-carbon future, wind energy stands at the forefront of its renewable revolution.

Falling costs, favorable policies, and a surge in corporate sustainability commitments are creating an ecosystem primed for long-term growth.

However, the path forward requires strategic investments in grid modernization, environmental stewardship, and offshore infrastructure.

If these challenges are addressed, wind power could become the cornerstone of North America’s energy independence — a clean, powerful force propelling the continent toward a sustainable future.