U.S. Wind Power Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025 - 2032)

U.S. Wind Power Market Emerging Trends & Growth Drivers

Expansion of Offshore Wind Power Capacity Is a Key Trend

Offshore wind power is emerging as a major renewable energy trend throughout the country. The Department of Energy predicts that approximately 30 GW of offshore wind projects will be operational by 2030, which will supply electricity to 10 million homes, while creating 77,000 jobs. This project represents part of a government initiative to produce more than 110 GW of power from offshore windmills by 2050. Moreover, the country has a technical offshore wind power generation potential of 13,500 TWh per year. The price reduction of fixed bottom and floating offshore wind technologies, economic and environmental benefits, USD 12 billion in annual private investments, and thousands of high-paying positions drive this trend.

Government Policies and Incentives Driving Wind Energy Growth

Wind energy growth received major support from the Biden–Harris Administration through strategic policy changes and tax incentive measures. In 2023, the government approved the development of the country’s largest offshore wind farm off the coast of Virginia, which will produce enough energy for 900,000 homes. The administration aims to build the wind turbine supply chain, develop transmission infrastructure, and promote industry innovation. Moreover, in the first half of 2024, USD 12 billion had already been committed to wind power projects in the U.S.

The main objective behind wind power development is to lower its costs, while enhancing competitive pricing for customers. A joint effort between state agencies, private investments, and federal authorities forms the core framework for wind energy to reach sustainable self-growth.

U.S. Wind Power Market Segmentation Analysis

Insights by Type

Onshore is the larger category, with a share of 65% in 2024. The established infrastructure and cost-effectiveness of such installation help them dominate the market. The capability of onshore wind facilities continues to grow since the tower height, blade length, and generator capacity are rising. Moreover, onshore turbines are easier to install and maintain, which offers cost-efficiency for utilities, which translates into cheaper electricity for consumers.

The types covered in the report are:

• Offshore (Faster-Growing Category)
• Onshore (Larger Category)

Insights by Application

Utilities are the largest category, with a revenue share of 45% in 2024. Utility companies operate extensive wind farms, which feed electricity to the power grid, providing electricity to residential and commercial customers in large numbers. Utility-scale projects achieve scale advantages, which lower operating costs better than those of small-scale installations. The production of sufficient renewable energy at low prices makes utility-scale wind power an attractive target for substantial financial investments. The majority of wind energy consumers derive their power from utility-scale wind farms because they have well-developed infrastructure.

Major application areas are:

• Utilities (Largest and Fastest-Growing Category)
• Commercial
• Industrial
• Residential

Insights by Component

Turbines & generators are the largest category, in 2024. Turbines and generators are the most-critical, heavy-duty, and expensive components of wind power plants, converting the mechanical energy of the wind into rotational energy for the generator.

Transmission & distribution infrastructure is the fastest-growing category with 5.8% CAGR. This is because of the necessity of transformers, circuit breakers, isolators, gearboxes, and high-voltage cables for feeding the electricity generated into the grid. With electricity being transmitted across long distances in ever-increasing voltages, heavy-duty T&D components are witnessing rising sales in the country.

The components covered in this report are:

• Turbines & Generators (Largest Category)
• Control & Monitoring Systems
• Transmission & Distribution Infrastructure (Fastest-Growing Category)
• Support Structures
• Others

Insights by Turbine Capacity

Large turbines dominate the market in 2024. The majority of the turbines installed in utility-scale wind farms are of a high capacity, to maximize energy generation at the minimal cost. Large turbines demonstrate maximum cost-effectiveness and efficiency because they create greater electricity output from each installed turbine unit. Large turbines maintain the lowest cost per megawatt because they operate under economies of scale, which leads them to function as the largest segment.

Turbine capacity studied in this report:

• Large (Largest and Fastest-Growing Category)
• Medium
• Small

U.S. Wind Power Regional Market Performance

The South is the prime revenue contributor in the U.S. wind power market. This region offers wide-open spaces, alongside reliable wind power resources, which enables the development of extensive wind power facilities. The three states accounting for the highest wind energy production in the U.S. are Texas, followed by Iowa, and then Oklahoma, while Texas alone creates 10% country’s wind power. The region market is growing owing to the existence of established infrastructure, favorable policies, and wind energy project investments.

These regions are covered:

• West
• South (Largest Regional Market)
• Midwest
• Northeast (Fastest-Growing Regional Market)

U.S. Wind Power Market Competitive Landscape

The U.S. wind power market is fragmented as multiple businesses operate in the country, including turbine manufacturers, project developers, and service providers. The U.S. wind power sector is home to major multinational corporations and smaller local businesses. Fragmentation occurs within this market because not every company offers everything; some offer turbines and some T&D infrastructure, while others specialize in EPC projects. The continuous technological developments in the infrastructure allows more companies to enter the market.

U.S. Wind Power Market Developments

In December 2024, GE Vernova Inc. provided a wind turbine with a hub height of 81 meters and power capacity of 3.4 MW to the National Renewable Energy Laboratory.

In September 2024, Vestas Wind Systems A/S received its first offshore wind turbine order from the U.S. worth USD 810 million. The order is for 54 of its V236-15.0 MW turbines, which will power the Empire Wind 1 project in the state of New York, being developed by Equinor ASA.