# North America Wind Tower Market

> North America Wind Tower Market Research Report Information By Location (Onshore and Offshore) – and North America Market Forecast Till 2035

- **Forecast Period:** 2025 - 2035
- **CAGR:** 8.51%
- **2024:** $ 5.5 Billion
- **2025:** $ 5.97 Billion
- **2035:** $ 13.5 Billion
- **Key Players:** Siemens Gamesa (ES), GE Renewable Energy (US), Vestas Wind Systems (DK), Nordex SE (DE), Suzlon Energy (IN), Mingyang Smart Energy (CN), Goldwind (CN), Envision Energy (CN)

**Report ID:** MRFR/EnP/20043-HCR · **Pages:** 128 · **Author:** Anshula Mandaokar · **Last Updated:** July 23, 2026

**URL:** https://www.marketresearchfuture.com/reports/north-america-wind-tower-market-21638

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## Market Summary

## **North America Wind Tower Market Overview**

North America Wind Tower Market Size was valued at USD 4.8 Billion in 2022. The Wind Tower market industry is projected to grow from USD 5.1 Billion in 2023 to USD 9.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.00% during the forecast period (2024 - 2032). The growing worldwide focus on clean and renewable energy sources to address climate change, and governments and organizations around the globe are establishing ambitious targets for wind energy capacity, which are the main market drivers anticipated to propel the Robotics market in North America.

Source: Secondary Research, Primary Research, _Market Research Future_ Database and Analyst Review

## **North America Wind Tower Market Trends**

Wind energy, one of the fastest-growing energy sources globally, offers numerous benefits. Its abundant and limitless nature contributes significantly to its rapid market expansion. Primarily situated in rural areas, where the best wind resources are found, wind energy deployment has a substantial economic impact. Despite wind turbines occupying only a fraction of the land, farmers and ranchers can continue their agricultural activities while generating additional revenue by leasing their land to wind power plant owners. According to the U.S.

Department of Energy (DOE), the U.S. wind industry installed 13,413 megawatts (MW) of new wind capacity in 2021, reaching a cumulative total of 135,886 MW. Wind energy now accounts for over 9% of nationwide electricity generation, with states like Iowa and South Dakota generating more than 50% of their electricity from wind and Kansas, Oklahoma, and North Dakota exceeding 30%. In 2022, the U.S. domestic offshore wind industry demonstrated significant confidence in the offshore wind energy market by investing $2.7 billion in ports, vessels, supply chains, and transmission infrastructure.

The federal government provides various tax incentives for wind projects, administered by the Department of the Treasury's Internal Revenue Service (IRS). Businesses embarking on wind energy projects by December 31, 2024, qualify for either the federal Business Energy Investment Tax Credit (ITC) or the federal Renewable Electricity Production Tax Credit (PTC). These incentives will be gradually replaced starting in 2025 with emissions-based, technology-neutral tax credits available to all power facilities with zero or net-negative carbon emissions.

The phasing out of these tax credits will commence in 2032 or when total greenhouse gas emissions in the power sector decline to at least 75% below 2022 levels, whichever occurs later. Thus, driving the Wind Tower market revenue.

## **Wind Tower Market Segment Insights**

### **Wind Tower Location Insights**

The North America Wind Tower market segmentation, based on Location, includes Onshore and Offshore. The Onshore segment dominated the market. Over the past five years, there has been a significant evolution in onshore wind energy power generation technology in North America, aimed at maximizing electricity production per megawatt capacity installed and expanding coverage to sites with lower wind speeds.

While onshore wind additions in North America have experienced a 21% decrease compared to the substantial growth rates observed in 2020, the Global Wind Energy Council (GWEC) projects the addition of 46.5 GW of onshore wind capacity in the region over the next five years. It is anticipated that 90% of this capacity will be contributed by the United States, with the remaining portion coming from Canada. As of 2021, North American onshore wind energy installations totaled 154.691 GW, with the United States accounting for the majority at 132.696 GW, followed by Canada at 14.304 GW.

The declining cost of power generation and increasing investments, particularly in the United States and Canada, are expected to drive the installation of onshore wind turbines in the region.

**Figure 1: North America Wind Tower Market, by Location, 2023 & 2032 (USD Billion)**

Source: Secondary Research, Primary Research, _Market Research Future_ Database and Analyst Review

### **Wind Tower Country Insights**

The United States wind power sector is enjoying strong governmental backing under the America First policy, aimed at bolstering domestic energy production. Particularly, the offshore wind power segment is identified as a significant area for development due to the country's extensive coastal regions available for leasing. With 134.3 GW of capacity installed in 2021, the United States ranked as the second-largest nation globally in total installed wind energy capacity, accounting for over 86% of North America's total wind energy capacity.

In 2021, wind power contributed 379.77 billion kilowatt-hours to the country's net electricity generation, representing approximately 9% of the total electricity generated for the year. Furthermore, wind power supplied more than 20% of the electricity produced in ten states: Kansas, Iowa, Oklahoma, North Dakota, South Dakota, Nebraska, Colorado, Minnesota, New Mexico, and Maine. During the same year, the United States added approximately 132.738 GW of new wind power capacity.

Globally, a total of 19.4 GW offshore wind capacity was awarded through auctioning, with 8.4 GW allocated to the United States, distributed across various states, including New York, New Jersey, Maryland, and Massachusetts. According to the Department of Energy (DOE), offshore wind has the potential to generate over 2,000 GW of capacity annually. Additionally, officials from the American Wind Energy Association have indicated that approximately USD 70 billion worth of offshore wind power projects are currently in the pipeline, anticipated to be completed by 2030.

In August 2022, the California Energy Commission announced the adoption of preliminary planning goals for offshore wind energy, targeting capacities ranging from 2,000 MW to 5,000 MW by 2030 and 25,000 MW by 2045, an increase from the initially proposed goal of 10,000 MW to 15,000 MW by 2045.

**Figure 2: North America Wind Tower Market Share By Country 2023 & 2032 (USD Billion)**

Source: Secondary Research, Primary Research, _Market Research Future_ Database and Analyst Review

## **Wind Tower Key Market Players & Competitive Insights**

Leading market players are investing heavily in research and development to expand their product lines, which will help the Wind Tower market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Wind Tower industry must offer cost-effective items.

Major players in the Wind Tower market are attempting to increase market demand by investing in research and development operations, including Acciona Energia SA, Orsted AS, Duke Energy Corporation, General Electric Company, Siemens Gamesa Renewable Energy, NextEra Energy Inc., Trident Winds Inc., EnBW Energie Baden-Wurttemberg AG, Envision Energy, and Vestas Wind Systems AS.

### **Key Companies in the North America Wind Tower market include**

### **Wind Tower Industry Developments**

**November 2022:**TPI Composites Inc. (TPI) entered into an agreement with GE Renewable Energy (GE) that enables TPI to extend its lease for a rotor blade manufacturing facility in Newton, Iowa, United States, for an additional ten years. This agreement aims to facilitate the development of competitive manufacturing options for rotor blades to meet GE's commitments in the United States market. Production is anticipated to begin in 2024 as part of the support outlined in the Inflation Reduction Act of 2022, which aims to bolster critical American industries serving the domestic renewable energy sector.

**October 2022:**EDP Renewables North America (EDPR NA), a developer and operator of renewable energy projects, announced the commencement of construction for the Indiana Crossroads II wind power plant in White County, Indiana, with a capacity of 202 megawatts (MW). The power plant is slated for commissioning in 2023 and is expected to annually supply electricity to over 54,000 average homes in Indiana.

In May 2024, RWE AG and Microsoft executed two contracts for the supply of renewable electricity for the next 15 years, which will be sourced from the wind farms located in Texas owned by RWE. These undertakings, Peyton Creek II and Lane City have a total capacity of 446 MW based on turbines provided by Vestas​.

In August 2023, the Newfoundland and Labrador government placed endorsement on the EverWind Fuels green hydrogen project located in Burin Peninsula that will harness wind energy. This approval was a notable progress towards the renewable energy target of the region.

Vestas Wind Implementation Technologies also got an advance order from the USA-based wind power firm as of June 2024. The turbines will be deployed in a number of mid-western on-shore wind farm structures.

Furthermore, in the month of June 2024, NextEra Energy, the Midwest based company, announced its plans to construct over a thousand more wind powered energy sources in the Midwest and Southeast regions of the country to further enhance its green power vision for the long term.

In September 2024 Sempra Infrastructure included new wind power projects in Texas in its contracts, thus expanding its range of clean energy solutions. This is consistent with the company’s plans to grow in the renewable space.

In July 2024, GE Renewable Energy and Avangrid Renewables entered into a deal to provide wind turbines for the US market’s future onshore wind farms and meet escalating renewable energy needs in the country.

Another important agreement took place in February 2024 when US Forged Rings Inc. (USFR) announced a direct investment of $700 million for the purpose of developing the US offshore wind sector. This coalition with North America’s largest steel mill and recycler, Nucor and Ellwood Quality Steels, intends to lower supply chain constrictions of the components used in offshore wind. USFR is constructing and outfitting 2 new advanced facilities; a tower manufacturing plant, and a steel forging facility which can provide fully coated towers and the enormous flanges required by offshore wind turbines.

The coalition stresses using domestic plants for components to cut costs on delivery and time and the use of steel that was recycled​.

## **Wind Tower Market Segmentation:**

### **Wind Tower Location Outlook**

### **Wind Tower Regional Outlook**

## Market Drivers

### Rising Energy Demand

The increasing energy demand in North America is a pivotal driver for the wind tower market. As populations grow and economies expand, the need for sustainable energy sources becomes more pronounced. Wind energy, being one of the most viable renewable sources, is expected to play a crucial role in meeting this demand. According to recent estimates, wind energy capacity in North America is projected to reach over 200 GW by 2025, indicating a robust growth trajectory. This surge in capacity necessitates the construction of new wind towers, thereby propelling the market forward. Furthermore, as traditional energy sources face scrutiny due to environmental concerns, the shift towards wind energy is likely to accelerate, further enhancing the market's potential. The wind tower market is thus positioned to benefit significantly from this rising energy demand.

### State-Level Renewable Energy Mandates

State-level renewable energy mandates are a significant driver for the wind tower market in North America. Many states have implemented ambitious renewable portfolio standards (RPS) that require a certain percentage of energy to be generated from renewable sources. For example, states like California and Texas have set targets of 50% or more renewable energy by 2030. These mandates create a favorable regulatory environment for wind energy projects, encouraging investments and facilitating the construction of new wind towers. As states strive to meet their RPS goals, the demand for wind energy is expected to rise, thereby propelling the wind tower market forward. The alignment of state policies with renewable energy objectives is thus a crucial factor influencing market dynamics.

### Technological Innovations in Wind Energy

Technological innovations in wind energy are significantly shaping the wind tower market in North America. Advancements in turbine design, materials, and energy storage solutions are enhancing the efficiency and reliability of wind energy systems. For instance, the development of larger and more efficient turbines allows for greater energy capture, which is essential for meeting the increasing energy demands. Moreover, innovations in predictive maintenance technologies are reducing operational costs and improving the lifespan of wind towers. As these technologies continue to evolve, they are likely to attract further investments and drive the expansion of the wind tower market. The integration of smart technologies into wind energy systems also presents opportunities for optimizing performance and maximizing energy output.

### Investment in Renewable Energy Infrastructure

Investment in renewable energy infrastructure is a critical driver for the wind tower market in North America. Governments and private entities are increasingly allocating funds towards the development of wind energy projects. In 2025, investments in wind energy are expected to exceed $50 billion, reflecting a strong commitment to transitioning from fossil fuels to cleaner energy sources. This influx of capital not only facilitates the construction of new wind farms but also supports the innovation of more efficient wind tower designs. As financial backing grows, the wind tower market is likely to experience accelerated growth, with more projects coming online and existing facilities being upgraded. The emphasis on renewable energy infrastructure is thus a key factor influencing the expansion of the wind tower market.

### Public Awareness and Support for Renewable Energy

Public awareness and support for renewable energy are emerging as influential drivers for the wind tower market in North America. As communities become more informed about the environmental impacts of traditional energy sources, there is a growing demand for cleaner alternatives. Surveys indicate that over 70% of the population supports the expansion of wind energy projects, recognizing their potential to reduce carbon emissions and combat climate change. This public backing often translates into political support, leading to favorable policies and incentives for wind energy development. Consequently, the wind tower market is likely to benefit from this heightened awareness, as more projects are initiated to align with public sentiment. The increasing acceptance of wind energy as a viable solution for sustainable power generation is thus a key driver of market growth.

## Future Outlook

The wind tower market is projected to grow at 8.51% CAGR from 2025 to 2035, driven by technological advancements, increasing demand for renewable energy, and supportive government policies.

**New opportunities:**

- Development of advanced composite materials for lighter towers
- Integration of IoT for predictive maintenance solutions
- Expansion into offshore wind tower manufacturing capabilities

By 2035, the wind tower market is expected to achieve substantial growth and innovation.

## Segment Insights

### By Type: Main Gearbox (Largest) vs. Yaw Gearbox (Fastest-Growing)

In the wind tower market, the Main Gearbox holds the largest market share, making it a pivotal component in the overall system. This segment is characterized by its necessity in converting rotational energy to electrical energy, which is crucial for operational efficiency. Yaw Gearbox, while smaller in market share comparatively, is experiencing rapid advancements leading to increases in adoption across newer wind turbine designs. The growth trends in the market are largely driven by the increasing investment in renewable energy sources as countries push for sustainability. Additionally, technological advancements in yaw control systems are contributing to the rising demand for Yaw Gearboxes. As [wind farms](https://www.marketresearchfuture.com/reports/ocean-wind-farm-market-21837) expand and technological innovations mature, the competition in the sector intensifies, leading to new opportunities for both Main and Yaw Gearbox segments.

Main Gearbox (Dominant) vs. Yaw Gearbox (Emerging)

The Main Gearbox segment is a critical element within wind towers, providing the necessary functionality to efficiently convert mechanical energy from the turbine rotor to electrical energy. It is generally preferred for its reliability and robust performance, which reinforces its dominant position in the market. Conversely, the Yaw Gearbox segment, though emerging, is gaining traction thanks to innovations that improve response times and operational efficiency. As turbine designs evolve, the Yaw Gearbox's role in directing the turbine into the wind improves its value proposition. Both segments underscore the advancements in technology and the shift towards more efficient and sustainable wind energy solutions.

### By Application: Onshore Wind Power (Largest) vs. Offshore Wind (Fastest-Growing)

The application segment of the wind tower market showcases a distinct distribution with onshore wind power leading significantly in market share. This dominance is attributed to the extensive investments in onshore projects, which have been historically favored due to lower costs and established infrastructure. While offshore wind projects contribute a smaller portion of the overall market, they are rapidly gaining traction due to their potential for higher energy yields and favorable government policies. Growth trends for this segment are promising, particularly for offshore wind, which is emerging as the fastest-growing segment. The driving forces behind this growth include advancements in turbine technology, increased efficiency, and the push for renewable energy sources in response to climate change. Furthermore, supportive legislation and incentives from governmental bodies play a crucial role in propelling both segments forward, with [offshore wind](https://www.marketresearchfuture.com/reports/offshore-wind-power-market-22974) expected to witness accelerated expansion in the near future.

Onshore Wind Power (Dominant) vs. Offshore Wind (Emerging)

Onshore wind power remains the dominant segment within the application category, characterized by its well-established technologies and cost-effectiveness. This segment benefits from a vast number of installed turbines, a mature supply chain, and lower operational costs, making it the preferred choice for many energy developers. In contrast, offshore wind is seen as the emerging segment with significant growth potential. It is characterized by higher energy output due to wind speeds and less turbulence, although it faces challenges such as higher installation and maintenance costs. Nonetheless, ongoing technological innovations and governmental support are enhancing the feasibility of offshore projects, paving the way for its increased adoption and integration into the energy mix.

### By Installation Type: New (Largest) vs. Replacement (Fastest-Growing)

In the market, the New segment is currently the largest, holding a substantial share as investments in wind energy drive significant projects for new installations. Meanwhile, the Replacement segment, while smaller, is gaining momentum as older turbines reach the end of their operational lifespan, paving the way for technological advancements and sustainability initiatives across the industry. Growth trends indicate a strong shift towards renewable energy sources, with governmental incentives boosting the adoption of new wind installations. Moreover, the rising need to replace aging infrastructure is generating a surge in replacement activities. This dual focus on new developments and upgrades is essential for meeting both energy demands and environmental goals, ensuring that the North America market remains competitive and innovative.

New (Dominant) vs. Replacement (Emerging)

The New installation segment dominates the market, characterized by large-scale projects aimed at increasing capacity and harnessing advanced technologies. New installations benefit from increased investment, favorable policies, and a growing public preference for renewable energy sources. Conversely, the Replacement segment, while emerging, is becoming increasingly relevant due to aging wind turbine assets that necessitate upgrades for efficiency and reliability. This segment is marked by advancements in turbine technology that enhance performance and reduce costs, compelling operators to evaluate replacement options more actively. As both segments progress, collaboration between stakeholders and innovative solutions will further elevate market dynamics.

### By Capacity: 5mw-3mw (Largest) vs. Up To 1.5mw (Fastest-Growing)

The capacity segment of the wind tower market showcases a diverse distribution of shares among different category values. The 5mw-3mw segment stands out as the largest, holding a significant share due to increasing demand for larger wind turbines that can generate more power. In contrast, the Up To 1.5mw segment, although smaller in share, is experiencing rapid growth as technological advancements lower the costs for smaller wind projects, making them a viable option for many developers. Growth trends within the capacity segment are driven by several factors. The push for renewable energy sources has led to increased investments in wind energy, with a focus on larger turbines enhancing efficiency and production capabilities. Simultaneously, smaller capacity turbines are gaining attention due to their operational flexibility and suitability for distributed generation, particularly in areas where grid integration is more challenging. As a result, the capacity segment continues to evolve, reflecting the changing dynamics of the wind energy landscape.

5mw-3mw (Dominant) vs. Up To 1.5mw (Emerging)

The 5mw-3mw segment plays a dominant role in the wind tower market, characterized by its capacity to produce substantial energy output, making it the preferred choice for large-scale wind farms. This capacity range is typically associated with robust installations that can withstand various environmental conditions, ensuring high performance and reliability. However, the Up To 1.5mw segment is emerging as a significant player, particularly among small to medium developers. These smaller turbines are easier to deploy and can be installed in more locations, including urban and rural areas, thereby facilitating access to renewable energy in diverse settings. Their growth is propelled by ongoing technological innovations and favorable policies aimed at promoting sustainable energy solutions.

## Regional Market Share Analysis

### US : A Hub for Renewable Energy Growth

Key markets include Texas, California, and Iowa, where wind energy projects are proliferating. The competitive landscape features major players like GE Renewable Energy and Siemens Gamesa, which dominate the market with innovative technologies. Local dynamics are influenced by state incentives and a supportive business environment, fostering partnerships between government and private sectors. The wind energy sector is increasingly integrated into the broader energy landscape, with applications in both utility-scale and distributed generation.

### Canada : Sustainable Growth in Renewable Sector

Key provinces include Ontario, Alberta, and Quebec, where wind energy projects are gaining traction. The competitive landscape features players like Vestas Wind Systems and Nordex SE, which are expanding their presence in the Canadian market. Local market dynamics are characterized by a collaborative approach between government and industry, fostering innovation and investment. The wind energy sector is crucial for meeting Canada's energy needs, with applications in both residential and commercial sectors.

## Competitive Benchmarking

The wind tower market in North America is characterized by a dynamic competitive landscape, driven by increasing demand for renewable energy and technological advancements. Key players such as Siemens Gamesa (ES), GE Renewable Energy (US), and Vestas Wind Systems (DK) are at the forefront, each adopting distinct strategies to enhance their market presence. Siemens Gamesa (ES) focuses on innovation and sustainability, emphasizing the development of next-generation turbine technologies. GE Renewable Energy (US) leverages its extensive experience in the energy sector to optimize supply chains and enhance operational efficiency. Vestas Wind Systems (DK) is committed to regional expansion, particularly in underserved markets, thereby broadening its customer base and reinforcing its competitive edge. Collectively, these strategies contribute to a moderately fragmented market structure, where collaboration and competition coexist to drive growth.
In terms of business tactics, companies are increasingly localizing manufacturing to reduce costs and improve supply chain resilience. This approach not only enhances operational efficiency but also aligns with regional policies favoring local production. The competitive structure of the market remains moderately fragmented, with several key players influencing market dynamics through strategic partnerships and technological advancements. The collective influence of these companies fosters a competitive environment that encourages innovation and responsiveness to market demands.
In October 2025, Siemens Gamesa (ES) announced a partnership with a leading North American utility to develop a new offshore wind project, which is expected to generate 1 GW of renewable energy. This strategic move underscores the company's commitment to expanding its footprint in the offshore segment, which is anticipated to grow significantly in the coming years. By aligning with a major utility, Siemens Gamesa (ES) not only enhances its project pipeline but also strengthens its position in a rapidly evolving market.
In September 2025, GE Renewable Energy (US) unveiled a new digital platform aimed at optimizing wind farm operations through advanced analytics and AI integration. This initiative is pivotal as it reflects the growing trend towards digitalization in the energy sector. By harnessing data-driven insights, GE Renewable Energy (US) aims to improve efficiency and reduce operational costs, thereby enhancing its competitive advantage in a market that increasingly values technological innovation.
In August 2025, Vestas Wind Systems (DK) secured a contract for a 500 MW wind farm in the Midwest, marking a significant expansion of its operational capacity in North America. This contract not only reinforces Vestas's commitment to regional growth but also highlights the increasing demand for large-scale renewable energy projects. The strategic importance of this contract lies in its potential to enhance Vestas's market share and solidify its reputation as a leader in the wind energy sector.
As of November 2025, current competitive trends in the wind tower market are heavily influenced by digitalization, sustainability initiatives, and the integration of AI technologies. Strategic alliances are becoming increasingly vital, as companies seek to leverage complementary strengths to enhance their market positions. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition towards a focus on innovation, technological advancements, and supply chain reliability. This shift suggests that companies that prioritize these aspects will be better positioned to thrive in an increasingly competitive landscape.

## Recent News & Developments

**November 2022:**TPI Composites Inc. (TPI) entered into an agreement with GE Renewable Energy (GE) that enables TPI to extend its lease for a rotor blade manufacturing facility in Newton, Iowa, United States, for an additional ten years. This agreement aims to facilitate the development of competitive manufacturing options for rotor blades to meet GE's commitments in the United States market. Production is anticipated to begin in 2024 as part of the support outlined in the Inflation Reduction Act of 2022, which aims to bolster critical American industries serving the domestic renewable energy sector.

**October 2022:**EDP Renewables North America (EDPR NA), a developer and operator of renewable energy projects, announced the commencement of construction for the Indiana Crossroads II wind power plant in White County, Indiana, with a capacity of 202 megawatts (MW). The power plant is slated for commissioning in 2023 and is expected to annually supply electricity to over 54,000 average homes in Indiana.

In May 2024, RWE AG and Microsoft executed two contracts for the supply of renewable electricity for the next 15 years, which will be sourced from the wind farms located in Texas owned by RWE. These undertakings, Peyton Creek II and Lane City have a total capacity of 446 MW based on turbines provided by Vestas​.

In August 2023, the Newfoundland and Labrador government placed endorsement on the EverWind Fuels green hydrogen project located in Burin Peninsula that will harness wind energy. This approval was a notable progress towards the renewable energy target of the region.

Vestas Wind Implementation Technologies also got an advance order from the USA-based wind power firm as of June 2024. The turbines will be deployed in a number of mid-western on-shore wind farm structures.

Furthermore, in the month of June 2024, NextEra Energy, the Midwest based company, announced its plans to construct over a thousand more wind powered energy sources in the Midwest and Southeast regions of the country to further enhance its green power vision for the long term.

In September 2024 Sempra Infrastructure included new wind power projects in Texas in its contracts, thus expanding its range of clean energy solutions. This is consistent with the company’s plans to grow in the renewable space.

In July 2024, GE Renewable Energy and Avangrid Renewables entered into a deal to provide wind turbines for the US market’s future onshore wind farms and meet escalating renewable energy needs in the country.

Another important agreement took place in February 2024 when US Forged Rings Inc. (USFR) announced a direct investment of $700 million for the purpose of developing the US offshore wind sector. This coalition with North America’s largest steel mill and recycler, Nucor and Ellwood Quality Steels, intends to lower supply chain constrictions of the components used in offshore wind. USFR is constructing and outfitting 2 new advanced facilities; a tower manufacturing plant, and a steel forging facility which can provide fully coated towers and the enormous flanges required by offshore wind turbines.

The coalition stresses using domestic plants for components to cut costs on delivery and time and the use of steel that was recycled​.

## Report Scope

| MARKET SIZE 2024 | 5.5(USD Billion) |
| --- | --- |
| MARKET SIZE 2025 | 5.97(USD Billion) |
| MARKET SIZE 2035 | 13.5(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 8.51% (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 | Siemens Gamesa (ES), GE Renewable Energy (US), Vestas Wind Systems (DK), Nordex SE (DE), Suzlon Energy (IN), Mingyang Smart Energy (CN), Goldwind (CN), Envision Energy (CN) |
| Segments Covered | Type, Application, Installation Type, Capacity |
| Key Market Opportunities | Advancements in turbine efficiency and supportive regulatory frameworks enhance growth potential in the wind tower market. |
| Key Market Dynamics | Growing demand for renewable energy drives innovation and competition in the wind tower market. |
| Countries Covered | US, Canada |

## Frequently Asked Questions

**Q: What was the market valuation of the North America wind tower market in 2024?**
A: The market valuation was $5.5 Billion in 2024.

**Q: What is the projected market valuation for the North America wind tower market by 2035?**
A: The projected valuation for 2035 is $13.5 Billion.

**Q: What is the expected CAGR for the North America wind tower market during the forecast period 2025 - 2035?**
A: The expected CAGR is 8.51% during the forecast period 2025 - 2035.

**Q: Which companies are considered key players in the North America wind tower market?**
A: Key players include Siemens Gamesa, GE Renewable Energy, Vestas Wind Systems, Nordex SE, and others.

**Q: What are the main segments of the North America wind tower market?**
A: The main segments include Type, Application, Installation Type, and Capacity.

**Q: What was the valuation of the Main Gearbox segment in 2024?**
A: The Main Gearbox segment was valued at $2.2 Billion in 2024.

**Q: How much is the Onshore Wind Power application expected to grow by 2035?**
A: The Onshore Wind Power application is projected to grow from $4.4 Billion in 2024 to $11.0 Billion by 2035.

**Q: What is the expected valuation for the Replacement installation type by 2035?**
A: The Replacement installation type is expected to reach $5.4 Billion by 2035.

**Q: What is the projected valuation for the Over 3mw capacity segment by 2035?**
A: The Over 3mw capacity segment is projected to reach $7.25 Billion by 2035.

**Q: What does the growth of the North America wind tower market indicate for future investments?**
A: The growth indicates a robust opportunity for investments, driven by an expected market expansion to $13.5 Billion by 2035.


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