Canada Wind Energy Market Size, Share, Industry Trends, Growth and Forecast 2026-2034

IMARC Group has recently released a new research study titled "Canada Wind Energy Market Size, Share, Trends and Forecast by Component, Rating, Installation, Turbine Type, Application, and Region, 2026-2034", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

Canada Wind Energy Market Overview

The Canada wind energy market size reached 19.5 Gigawatt in 2025, and it is expected to grow to 41.4 Gigawatt by 2034. The market is forecasted to expand at a CAGR of 8.74% during the 2026-2034 period. Growth is fueled by increased investment in onshore and offshore projects, technological advancements in turbines, and supportive government policies promoting clean energy adoption. Cross-border electricity trade also strengthens market reach and helps accelerate renewable energy integration across sectors.

Study Assumption Years

● Base Year: 2025

● Historical Year/Period: 2020-2025

● Forecast Year/Period: 2026-2034

Canada Wind Energy Market Key Takeaways

● Current Market Size: 19.5 Gigawatt in 2025

● CAGR: 8.74%

● Forecast Period: 2026-2034

● Advancements in turbine technology including larger rotor diameters and cold-weather adaptations enhance energy capture and reliability.

● Government policies such as Bill C-49 and Ontario's Feed-in Tariff support offshore and onshore wind development.

● Canada's vast and consistent wind resources provide economic feasibility for wind power expansion.

● Increasing corporate adoption of wind through power purchase agreements (PPAs) stabilizes market demand.

● Integration of cross-border electricity trade with the U.S. diversifies revenue streams and supports large-scale projects.

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Canada Wind Energy Market Growth Factors

The Canada wind energy market growth is propelled by continuous innovations in turbine technology. Modern turbines with higher efficiency, larger rotor diameters, taller towers, and improved blade design optimize energy capture even in moderate wind speed regions. Technological advancements also include smart monitoring systems and predictive maintenance that reduce downtime and costs, making projects more economically viable. These improvements allow Canada to scale onshore and offshore projects and reduce the levelized cost of energy (LCOE), increasing investor confidence and driving growth.

Government policies and incentives play a crucial role in accelerating market growth. The 2024 enactment of Bill C-49 expanded mandates for offshore boards to include renewable energy, targeting 5 GW offshore power production in Atlantic Canada. Carbon pricing plans motivate industrial emissions reductions, steering producers towards wind adoption. Provincial schemes like Ontario's Feed-in Tariff guarantee long-term contracts, ensuring investment stability. These regulations aim to meet emissions targets and promote renewable infrastructure development.

The availability of abundant wind resources across Canada supports the market expansion. In 2022, wind energy generated 36 terawatt-hours, powering approximately three million homes and representing 5.7% of total electricity generation. Expansive land areas, particularly in rural and remote regions, facilitate large-scale and multiple wind farm developments. The strong infrastructure and transmission network accessibility further enable efficient energy distribution, enhancing the feasibility and scalability of wind projects nationwide.

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Canada Wind Energy Market Segmentation

Analysis by Component:

● Turbine: Directly influences power output and efficiency; growing investments in advanced technology optimize energy capture even at low wind speeds.

● Support Structure: Durable foundations and corrosion-resistant designs support diverse terrains and offshore environments, ensuring long-term stability.

● Electrical Infrastructure: Modern substations, transformers, and smart grids enable efficient power transmission and integration into the national grid.

● Others

Analysis by Rating:

● ≤ 2 MW

● >2 ≤ 5 MW

● >5 ≤ 8 MW

● >8 ≤ 10 MW

● >10 ≤ 12 MW

● >12 MW

Analysis by Installation:

● Offshore: Emerging driver with strong Atlantic wind resources; supported by government exploration and international collaboration.

● Onshore: Backbone of the market with abundant land, lower costs, and faster deployment, dominates installed capacity.

Analysis by Turbine Type:

● Horizontal Axis: Widely preferred for efficiency and large-scale projects; supported by continuous technological advancements.

● Vertical Axis: Compact, suitable for urban, small-scale, and distributed energy systems, growing in niche applications.

Analysis by Application:

● Utility: Extensively supported by government and utility investments for large-scale grid power generation.

● Industrial: Increasing adoption by sectors aiming to reduce costs and carbon footprints through captive projects or PPAs.

● Commercial: Growing use in businesses prioritizing sustainability, supported by incentives and certifications.

● Residential

Regional Insights

Ontario is the dominant region in Canada's wind energy market, attributed to its strong policy framework, renewable energy incentives, and large wind potential in areas like southwestern Ontario. Continuous investments in transmission infrastructure enable seamless grid integration, attracting domestic and international developers. Technological advancements and partnerships with private investors bolster project execution and financing, making Ontario a key contributor to the country's wind energy growth.

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Recent Developments & News

In August 2025, Canada designated four offshore wind areas off Nova Scotia to support a 5 GW licensing goal by 2030, aiming to establish Nova Scotia as a clean energy leader. London-based Atlantica Sustainable Infrastructure acquired Statkraft's Canadian renewable platform, adding 236 MW operational capacity and a 0.8 GW pipeline.

In June 2025, Vestas secured a 124 MW turbine order for Quebec's Haute-Chaudiere project, including a 10-year service agreement. The Canada Infrastructure Bank invested CAD 108.3 million in the 102.2 MW MU2 wind farm in Quebec, expected to start operations in late 2026. In January 2025, Nordex Group secured 247 MW in Nova Scotia orders, expanding North American sales by 350% in 2024.

Key Players

● Atlantica Sustainable Infrastructure
● Statkraft
● Vestas
● EDF Power Solutions
● Marmen
● Canada Infrastructure Bank
● Innergex
● Nordex Group

Competitive Landscape

The market research report covers a comprehensive competitive landscape analysis including market structure, key player positioning, winning strategies, competitive dashboards, and company evaluation quadrants. Detailed profiles of all major companies have been provided.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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