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

Description

The U.S. wind power market was valued at $18.2 billion in 2024 and is projected to reach $27.1 billion by 2032, growing at a CAGR of 5.3% from 2025 to 2032. This growth is primarily driven by favorable government policies and growing investments in renewable energy. In particular, the Inflation Reduction Act is boosting the sector's development by offering tax incentives and subsidies to both onshore and offshore wind projects. The wind power sector is expected to play a key role in meeting the country's clean energy goals, with significant contributions to reducing greenhouse gas emissions and enhancing energy security.

Increased investments in both onshore and offshore wind projects, along with technological advancements that reduce the costs of wind turbines and improve efficiency, are driving the expansion of wind power. Offshore wind farms, in particular, are emerging as a high-growth segment due to advances in floating turbine technology and strong government support aimed at boosting energy production from coastal regions.

Key Insights

The onshore wind segment accounted for the largest market share in 2024, driven by cost-effectiveness and widespread infrastructure. However, the offshore wind segment is expected to grow at the fastest pace due to technological advancements and substantial federal support.

Offshore wind technology is evolving with developments in floating turbines and innovations that enable higher energy capture in deeper waters. These advancements are expected to increase efficiency and expand offshore wind projects along the U.S. coast.

U.S. federal policies, such as the Inflation Reduction Act and the American Jobs Plan, are significantly contributing to the growth of the wind power market. These policies are providing incentives for renewable energy development and reducing financial barriers for new projects.

The South region holds the largest market share in the U.S. wind power industry, primarily due to favorable wind conditions and significant investments in wind farms. The Northeast region, however, is expected to experience the fastest growth, especially with the planned expansion of offshore wind farms off the coast of states like New York and Massachusetts.

The U.S. government has set a target to generate 30 GW of offshore wind energy by 2030, which is expected to create tens of thousands of jobs and provide clean energy to millions of households. Several large-scale offshore projects, such as Vineyard Wind in Massachusetts, are already underway.

The utility sector remains the dominant consumer of wind energy, with a growing trend toward integrating wind power into the national grid. The renewable energy industry's expansion, along with decreasing costs of wind energy production, is accelerating the adoption of wind power by utilities and private sectors alike.

Wind power generation is contributing significantly to job creation in the U.S., with over 125,000 jobs in areas such as turbine manufacturing, project development, and ongoing maintenance. This trend is expected to continue as the sector expands.

Product Code: 13351

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market Size Breakdown, by Type
- 1.4.2. Market Size Breakdown, by Application
- 1.4.3. Market Size Breakdown, by Component
- 1.4.4. Market Size Breakdown, by Turbine Capacity
1.5. Market Data Reporting Unit
- 1.5.1. Revenue
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence Database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Industry Background
5.2. Market Dynamics
- 5.2.1. Trends
- 5.2.2. Drivers
- 5.2.3. Restraints/Challenges
- 5.2.4. Emerging Economies and Key Opportunities
- 5.2.5. Impact Analysis of Drivers/Restraints
5.3. Impact of COVID-19
5.4. Sociopolitical Impact
5.5. Porter's Five Forces Analysis
- 5.5.1. Bargaining Power of Buyers
- 5.5.2. Bargaining Power of Suppliers
- 5.5.3. Threat of New Entrants
- 5.5.4. Intensity of Rivalry
- 5.5.5. Threat of Substitutes

Chapter 6. Competitive Landscape

6.1. List of Market Players and their Offerings
6.2. Market Share of Key Players (2024)
6.3. Competitive Benchmarking of Key Players
6.4. Product Benchmarking of Key Players
6.5. Recent Strategic Developments by Key Players
6.6. Company Leadership Matrix

Chapter 7. U.S. Market

7.1. Overview
7.2. Market Revenue, by Type (2019-2032)
7.3. Market Revenue, by Application (2019-2032)
7.4. Market Revenue, by Component (2019-2032)
7.5. Market Revenue, by Turbine Capacity (2019-2032)
7.6. Market Revenue, by Country (2019-2032)

Chapter 8. Northeast Market

8.1. Overview
8.2. Economic Indicators
8.3. Demographics and Population Insights
8.4. Regional Hotspots
8.5. Growth Drivers
8.6. Challenges and Barriers
8.7. Competitive Strategies
8.8. Emerging Players
8.9. Compliance Requirements
8.10. Emerging Investment Areas
8.11. Major Ongoing Projects
8.12. Market Size and Forecast
- 8.12.1. Market Revenue, by Type (2019-2032)
- 8.12.2. Market Revenue, by Application (2019-2032)
- 8.12.3. Market Revenue, by Component (2019-2032)
- 8.12.4. Market Revenue, by Turbine Capacity (2019-2032)

Chapter 9. Midwest Market

9.1. Overview
9.2. Economic Indicators
9.3. Demographics and Population Insights
9.4. Regional Hotspots
9.5. Growth Drivers
9.6. Challenges and Barriers
9.7. Competitive Strategies
9.8. Emerging Players
9.9. Compliance Requirements
9.10. Emerging Investment Areas
9.11. Major Ongoing Projects
9.12. Market Size and Forecast
- 9.12.1. Market Revenue, by Type (2019-2032)
- 9.12.2. Market Revenue, by Application (2019-2032)
- 9.12.3. Market Revenue, by Component (2019-2032)
- 9.12.4. Market Revenue, by Turbine Capacity (2019-2032)

Chapter 10. West Market

10.1. Overview
10.2. Economic Indicators
10.3. Demographics and Population Insights
10.4. Regional Hotspots
10.5. Growth Drivers
10.6. Challenges and Barriers
10.7. Competitive Strategies
10.8. Emerging Players
10.9. Compliance Requirements
10.10. Emerging Investment Areas
10.11. Major Ongoing Projects
10.12. Market Size and Forecast
- 10.12.1. Market Revenue, by Type (2019-2032)
- 10.12.2. Market Revenue, by Application (2019-2032)
- 10.12.3. Market Revenue, by Component (2019-2032)
- 10.12.4. Market Revenue, by Turbine Capacity (2019-2032)

Chapter 11. South Market

11.1. Overview
11.2. Economic Indicators
11.3. Demographics and Population Insights
11.4. Regional Hotspots
11.5. Growth Drivers
11.6. Challenges and Barriers
11.7. Competitive Strategies
11.8. Emerging Players
11.9. Compliance Requirements
11.10. Emerging Investment Areas
11.11. Major Ongoing Projects
11.12. Market Size and Forecast
- 11.12.1. Market Revenue, by Type (2019-2032)
- 11.12.2. Market Revenue, by Application (2019-2032)
- 11.12.3. Market Revenue, by Component (2019-2032)
- 11.12.4. Market Revenue, by Turbine Capacity (2019-2032)

Chapter 12. Company Profiles

Chapter 13. Appendix

13.1. Sources and References
13.2. Related Reports

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