US Wind Turbine Market Future Trends, Business Growth, Size, Share, Segmentation, Dynamics & Forecast to 2030

The growing technological improvements, regulatory support, and increasing interest in sustainable energy are the prominent factors bolstering the growth of the industry. Additionally, the emphasis on achieving energy independence and lowering dependence on foreign fossil fuels boosted the growth of the wind energy industry.

Wind Turbine Industry Research Report & US Market 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.

Horizontal-axis wind turbines hold the largest market share in the US market, owing to their growing efficiency and popularity in large-scale and land-based installations.

The utility segment is dominating the US wind turbine market owing to the development of large wind energy projects, which satisfies the increasing need for electricity.

The rising trend of hybrid energy projects facilitates exponential growth of the US wind turbine industry

The growing obstacles in turbine installations are expected to hinder the US market

The federal and state renewable energy propels the growth of the wind turbine industry

As indicated in the latest market research report published by Markntel Advisors, titled “US Wind Turbine Market Research Report: By Axis Type (Horizontal, Vertical), By Rating (Up to 1 MW, 1 MW - 2.5 MW, 2.5 MW - 5 MW, 5 MW – 10 MW, Above 10 MW), By Installation (Offshore, Onshore), By Component (Rotator Blade, Gearbox, Generator, Nacelle, Others), By Application (Industrial, Commercial, Residential, Utility, Others) and Others Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into wind turbine market. It encompasses competitor and regional analyses, as well as recent advancements in the market.

Top Companies Essentially Operating in the US Wind Turbine Market Are Given Below

• 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

Key Report Highlights:

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

Frequently Asked Questions (FAQs)-

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What leading factors would propel and impede the industry across the geography?
4. How has the industry been evolving in terms of geography & Wind Turbine adoption?
5. How has the competition been shaping up across the geography?
6. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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