North America Wind Turbine Blade Market Size - By Material (Carbon Fiber, Glass Fiber), By Application (Onshore, Offshore), By Capacity (< 3 MW, 3 - 5 MW, >5 MW), By Size (<= 30 m, 31 - 60 m, 61 - 90 m, >= 90 m), Country Outlook & Forecast, 2024 - 2032

North America wind turbine blade market size is predicted to observe 5.7% CAGR from 2024 to 2032 driven by increasing investments in renewable energy sources. Governments and private sectors are prioritizing clean energy solutions to combat climate change and reduce greenhouse gas emissions. For instance, in May 2022, GE Renewable Energy launched its 3megawatt (MW) Sierra, that would only be sold in North America. Policies, such as tax incentives, subsidies, and renewable energy mandates are also encouraging the development and installation of wind energy projects in the region. The technological advancements in wind turbine blade designs are enhancing efficiency and energy output, making wind power a more competitive and viable energy source.

The rising demand for sustainable and environmentally friendly energy will also influence the market growth. Consumers and businesses are becoming more conscious of their carbon footprints and are actively seeking alternatives to fossil fuels. The increasing environmental awareness of the public is declining the costs of wind energy production. The scalability of wind farms and the availability of vast, untapped wind resources in North America will also offer significant potential for the market expansion.

The industry is segmented into material, application, capacity, size, and country.

Based on material, the North America wind turbine blade market value from the glass fibre segment will record notable growth rate between 2024 and 2032. This is due to its superior properties that align with the demands of modern wind energy systems. Glass fiber offers an excellent balance of strength, weight, and cost-effectiveness, making it an ideal material for manufacturing large and durable wind turbine blades. With high tensile strength and resistance to environmental stressors, such as moisture and temperature variations, these fibers also enhance the longevity and reliability of wind turbines.

North America wind turbine blade industry from the offshore application segment is set to grow significantly through 2032. Offshore wind resources are typically stronger and more consistent than onshore winds, leading to higher energy yields. Offshore wind farms can be constructed at a larger scale, free from the land constraints and visual or noise pollution concerns associated with onshore installations. The technological advancements and increased investments in offshore wind infrastructure, supported by favorable government policies and incentives, are driving the segment growth.

Canada wind turbine industry size is anticipated to grow at an impressive pace through 2032 influenced by the abundant wind resources, particularly in Alberta, Saskatchewan, and the coastal provinces, which offer high wind speed and expansive areas suitable for wind farm development. The commitment of Canada towards reducing carbon emissions through its national climate strategy is encouraging investments in renewable energy projects, including wind power. The support from provincial governments, with tailored policies and incentives like renewable energy certificates and competitive procurement programs will further accelerate the regional market growth.