Report Details:
15 Companies Covered
100 Pages
Market Research Future (MRFR) has published a cooked research report on the “Northeastern US & Eastern Canada Turbines Market” that contains the information from 2019 to 2035.
The Turbines market is estimated to register a CAGR of 2.657% during the forecast period of 2025 to 2035.
MRFR recognizes the following companies as the key players in the Northeastern US & Eastern Canada Turbines Market Vestas, Siemens Energy, Enercon, GE Vernova, Caterpillar Inc., Nordex Group, Canadian Hydro Components Ltd., Rolls-Royce plc, Mitsubishi Heavy Industries., and Norcan Hydraulic Turbine Inc.
Northeastern US & Eastern Canada Turbines Market Highlights
The Northeastern US & Eastern Canada Turbines Market is accounted for to register a CAGR of 2.657% during the forecast period and is estimated to reach USD 7,485.685 million by 2035.
Economic growth and industrialization are driving transformative opportunities in the turbines market across the Northeastern United States and Eastern Canada, positioning these regions as critical players in the global renewable energy transition. Leveraging their rich industrial heritage alongside progressive economic initiatives, both regions are rapidly expanding renewable energy infrastructure, with particular emphasis on wind and hydroelectric power generation. In the Northeastern U.S., this industrial revitalization is vividly illustrated by the Port of Albany in New York, which has been transformed into the nation’s first dedicated manufacturing site for offshore wind turbine towers. This facility is projected to produce up to 150 towers annually, which will be transported down the Hudson River to Brooklyn’s South Brooklyn Marine Terminal for assembly and deployment offshore.
This development not only exemplifies the seamless integration of traditional manufacturing with cutting-edge renewable energy projects but also generates substantial employment opportunities, stimulates local economies, and strengthens the domestic supply chain for offshore wind, reducing dependency on international imports. Additionally, states like Massachusetts and New Jersey are fostering similar industrial ecosystems to support offshore and onshore wind projects, amplifying regional capacity and economic activity.
In Eastern Canada, economic growth is likewise intertwined with ambitious renewable energy projects that leverage the region’s vast natural resources. Nova Scotia’s Wreck Cove Hydroelectric System, the largest in the province with a capacity of 215.8 MW—provides a stable, renewable electricity backbone, complementing the province’s approximately 600 MW of wind power capacity. This hybrid approach enhances grid stability and supports the province’s aggressive climate targets. Moreover, the Muskrat Falls Generating Station in Newfoundland and Labrador, with a capacity exceeding 824 MW, exemplifies large-scale hydroelectric development driving economic growth and energy security. Completed in 2021, this project supplies clean, renewable energy to thousands of homes and businesses, reduces reliance on fossil fuels, and facilitates the region’s industrialization ambitions by ensuring affordable and sustainable energy access. Further, Eastern Canada’s growing focus on offshore wind leasing, green hydrogen production, and supply chain development is creating new industrial opportunities, fostering workforce training programs, and encouraging investment in infrastructure that supports turbine manufacturing and deployment.
Together, these developments demonstrate how economic growth and industrialization in the Northeastern U.S. and Eastern Canada are creating fertile ground for the turbines market’s expansion beyond mere energy generation. By aligning industrial revitalization efforts with robust renewable energy policies, these regions are fostering innovative ecosystems that promote sustainability, create high-quality jobs, and enhance economic resilience. They are also positioning themselves as clean energy leaders capable of meeting growing domestic energy demand and exporting green technologies and power to broader markets. This strategic convergence of industry and environmental stewardship underscores a commitment not only to economic prosperity but also to global climate goals, marking the Northeastern U.S. and Eastern Canada as vital hubs in the global renewable energy economy.
Segment Analysis
The Northeastern US & Eastern Canada Turbines Market has been segmented based on Type, Product, Application, End User and Region.
The Northeastern US & Eastern Canada Turbines Market segmentation, based on Type has been segmented into Wind Turbines, Steam Turbines, Gas Turbines, Hydro Turbines, Others. Among these, the Steam Turbines is projected to dominate the Northeastern US & Eastern Canada Turbines Market revenue through the projected period. Based on Product it has been segmented into Steam Cycle, Combined Cycle, Cogeneration, Others in the Northeastern US & Eastern Canada Turbines Market, Combined Cycle is projected to dominate the Northeastern US & Eastern Canada Turbines Market revenue through the projected period.
In the Application segment, the market is categorized into Electrical Generation, Propulsion System, Others. Out of which the Electrical Generation held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well. In the End User segment, market is categorized into Power Generation, Marine, Oil & Gas, Petrochemical, Transport, Others. Among these, Power Generation segment is projected to dominate the Northeastern US & Eastern Canada Turbines Market.
Regional Analysis
By Region, the Turbines market is segmented into Northeastern US and Eastern Canada. The Eastern Canada market holds considerable market share and is also forecasted to hold the largest share during the forecast period. The region’s focus on grid reliability, coupled with interconnection agreements, drives investment in modernizing turbine infrastructure and integrating advanced combined cycle systems. Additionally, Eastern Canada is actively exploring green hydrogen production and the potential for hydrogen-ready gas turbines, positioning itself as a clean energy hub for both domestic consumption and export markets.
Key Findings of the Study
- The Northeastern US & Eastern Canada Turbines Market is expected to reach 7,485.685 million by 2035, at a CAGR of 2.657% during the forecast period.
- Eastern Canada accounted for the fastest-growing market.
- Based on Type, the Steam Turbines segment was attributed to holding the largest market in 2024.
- Based on Product, the Combined Cycle segment was attributed to holding the largest market in 2024.
- Based on Application, the Electrical Generation segment was attributed to holding the largest market in 2024.
- Based on End User, the Power Generation segment was attributed to holding the largest market in 2024.
- Vestas, Siemens Energy, Enercon, GE Vernova, Caterpillar Inc., Nordex Group, Canadian Hydro Components Ltd., Rolls-Royce plc, Mitsubishi Heavy Industries., and Norcan Hydraulic Turbine Inc. are the key market players.
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