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Northeastern US & Eastern Canada Turbines Market Research Report by Type (Wind Turbines, Steam Turbines, Gas Turbines, Hydro Turbines, Others), by Product (Steam Cycle, Combined cycle, Cogeneration, Others), by Application (Electrical generation, Propulsi

Publisher Market Research Future
Published Dec 13, 2025
Length 130 Pages
SKU # RESFT20790007

Description

Driven by consistent demand, the Northeastern US & Eastern Canada Turbines Market is expected to post revenues of USD 7,485.7 million by 2035, reflecting a 2.657% CAGR over the forecast timeline. Northeastern U.S. and Eastern Canada developers are increasingly turning to floating wind turbine platforms for their deep-water projects.

Policy-Driven Wind Expansion
Onshore and offshore wind turbine installations are being progressively increased thanks to governmental incentives and climate goals.

Segment-Wise Market Breakdown
Type
• Wind Turbines: Dominant renewable energy power generation solution
• Steam Turbines: Widely used in thermal power plants
• Gas Turbines: Efficient for quick-start power generation
• Hydro Turbines: Reliable renewable energy from flowing water
• Others: Niche and emerging turbine technologies
Product
• Steam Cycle: Conventional thermal-based electricity generation
• Combined Cycle: High-efficiency gas and steam integration
• Cogeneration: Simultaneous power and heat production
• Others: Customized and hybrid cycle configurations
Application
• Electrical Generation: Primary application across energy sectors
• Propulsion System: Marine and transport power applications
• Others: Specialized industrial and mechanical uses
End-User
• Power Generation: Largest end-use sector driving demand
• Marine: Ship propulsion and onboard power systems
• Oil & Gas: Turbines for upstream and downstream operations
• Petrochemical: Energy-intensive processing applications
• Transport: Rail and specialized mobility solutions
• Others: Smaller industrial and commercial end users

Emerging Opportunities and Strategic Outlook
Continued economic growth and industrial expansion are generating new turbine installation opportunities throughout the region. To satisfy their increasing energy needs, industries are increasingly focusing on reliable and sustainable power solutions.

Key Report Attributes
• Market Size 2024: USD 5,595.336 Million
• Market Size 2035: USD 7,485.7 Million
• CAGR (2025-2035): 2.657%
• Base Year: 2024
• Market Forecast Period: 2025-2035

Industry Segmentations Growth
• By Type: Wind Turbines - 3.068%, Steam Turbines - 2.826%.
• By Product: Steam Cycle - 2.367%, Combined Cycle - 2.782%.
• By Application: Electrical Generation - 2.757%, Propulsion System - 2.489%.
• By End User: Power Generation - 2.762%, Marine - 2.343%.

Table of Contents

130 Pages
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Research Objective
2.4 Market Structure
3 Research Methodology
3.1 Overview
3.2 Data Flow
3.2.1 Data Mining Process
3.3 Purchased Database:
3.4 Secondary Sources:
3.4.1 Secondary Research Data Flow:
3.5 Primary Research:
3.5.1 Primary Research Data Flow:
3.5.2 Primary Research: Number Of Interviews Conducted
3.6 Approaches For Market Size Estimation:
3.6.1 Trade Analysis Approach
3.7 Data Forecasting
3.7.1 Data Forecasting Technique
3.8 Data Modeling
3.8.1 Microeconomic Factor Analysis:
3.8.2 Data Modeling:
3.9 Teams And Analyst Contribution
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increasing Demand For Renewable Energy
4.2.2 Government Incentives And Policies
4.3 Restraint
4.3.1 High Initial Capital Costs
4.3.2 Regulatory Challenges And Bureaucracy
4.4 Opportunity
4.4.1 Economic Growth And Industrialization
4.5 Impact Analysis Of Russia-ukraine War
4.6 Impact Analysis Of Trade War
4.7 Impact Of Trump 2.0
5 Market Factor Analysis
5.1 Supply/Value Chain Analysis
5.1.1 Participants
5.1.1.1 Raw Material Analysis
5.1.1.2 Component Suppliers
5.1.1.3 Turbine Manufacturer
5.1.1.4 Delivery
5.1.1.5 End Use
5.2 Porter’s Five Forces Model
5.2.1 Threat Of New Entrants
5.2.2 Bargaining Power Of Suppliers
5.2.3 Threat Of Substitutes
5.2.4 Bargaining Power Of Buyers
5.2.5 Intensity Of Rivalry
5.3 Pestel Analysis
5.4 Regulatory Framework
5.4.1 Governmental Policies
5.5 Technology Advancements
5.6 R&D Update
5.6.1 Current Scenario
5.6.2 Future Roadmap
5.6.3 Novel Applications
5.6.4 Key Developments
5.7 Case Study/ Use Cases
5.7.1 Combine Heat And Power University, York University
5.7.2 Peaking Power Project, North Carolina Municipal Power Agency
6 Northeastern Us & Eastern Canada Turbines Market, By Type
6.1 Overview
6.2 Wind Turbines
6.3 Steam Turbines
6.4 Gas Turbines
6.5 Hydro Turbines
6.6 Others
7 Northeastern Us & Eastern Canada Turbines Market, By Product
7.1 Overview
7.2 Steam Cycle
7.3 Combined Cycle
7.4 Cogeneration
7.5 Others
8 Northeastern Us & Eastern Canada Turbines Market, By Application
8.1 Overview
8.2 Electrical Generation
8.3 Propulsion System
8.4 Others
9 Northeastern Us & Eastern Canada Turbines Market, By End User
9.1 Overview
9.2 Power Generation
9.3 Marine
9.4 Oil & Gas
9.5 Petrochemical
9.6 Transport
9.7 Others
10 Northeastern Us & Eastern Canada Turbines Market, By Region
10.1 Overview
10.2 Northeastern Us
10.3 Eastern Canada
10.4 Northeastern Us
10.5 Eastern Canada
11 Competitive Landscape
11.1 Introduction
11.2 Market Share Analysis, 2024
11.3 Competitor Dashboard
11.4 Comparative Analysis: Key Players Financial
11.5 Key Developments & Growth Strategies
11.5.1 Strategic Partnership, Product Innovation, Strategic Investment & Expansion
11.5.2 Acquisition
12 Company Profiles
12.1 Vestas
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Products Offered
12.1.4 Key Developments
12.1.5 Swot Analysis
12.1.6 Key Strategy
12.2 Siemens Energy
12.2.1 Company Overview
12.2.2 Financial Overview
12.2.3 Products Offered
12.2.4 Key Developments
12.2.5 Swot Analysis
12.2.6 Key Strategy
12.3 Enercon
12.3.1 Company Overview
12.3.2 Financial Overview
12.3.3 Products Offered
12.3.4 Key Developments
12.3.5 Swot Analysis
12.3.6 Key Strategy
12.4 Ge Vernova Inc.
12.4.1 Company Overview
12.4.2 Financial Overview
12.4.3 Products Offered
12.4.4 Key Developments
12.4.5 Swot Analysis
12.4.6 Key Strategy
12.5 Caterpillar Inc.
12.5.1 Company Overview
12.5.2 Financial Overview
12.5.3 Products Offered
12.5.4 Key Developments
12.5.5 Swot Analysis
12.5.6 Key Strategy
12.6 Nordex Se
12.6.1 Company Overview
12.6.2 Financial Overview
12.6.3 Products Offered
12.6.4 Key Developments
12.6.5 Swot Analysis
12.6.6 Key Strategy
12.7 Rolls-royce Plc
12.7.1 Company Overview
12.7.2 Financial Overview
12.7.3 Products Offered
12.7.4 Key Developments
12.7.5 Swot Analysis
12.7.6 Key Strategy
12.8 Mitsubishi Heavy Industries.
12.8.1 Company Overview
12.8.2 Financial Overview
12.8.3 Products Offered
12.8.4 Key Developments
12.8.5 Swot Analysis
12.8.6 Key Strategy
12.9 Norcan Hydraulic Turbine Inc.
12.9.1 Company Overview
12.9.2 Financial Overview
12.9.3 Products Offered
12.9.4 Key Developments
12.9.5 Swot Analysis
12.9.6 Key Strategy
12.10 Canadian Hydro Components Ltd.
12.10.1 Company Overview
12.10.2 Financial Overview
12.10.3 Products Offered
12.10.4 Key Developments
12.10.5 Swot Analysis
12.10.6 Key Strategy
12.11 Data Citations
List Of Tables
Table 1 Qfd Modeling For Market Share Assessment
Table 2 Northeastern Us & Eastern Canada Turbines Market, By Type, 2019-2035 (Usd Million)
Table 3 Northeastern Us & Eastern Canada Turbines Market, By Product, 2019-2035 (Usd Million)
Table 4 Northeastern Us & Eastern Canada Turbines Market, By Application, 2019-2035 (Usd Million)
Table 5 Northeastern Us & Eastern Canada Turbines Market, By End User, 2019-2035 (Usd Million)
Table 6 Northeastern Us & Eastern Canada Turbines Market, By Region, 2019-2035 (Usd Million)
Table 7 Northeastern Us Turbines Market, By Type, 2019-2035 (Usd Million)
Table 8 Northeastern Us Turbines Market, By Product, 2019-2035 (Usd Million)
Table 9 Northeastern Us Turbines Market, By Application, 2019-2035 (Usd Million)
Table 10 Northeastern Us Turbines Market, By End User, 2019-2035 (Usd Million)
Table 11 Eastern Canada Turbines Market, By Type, 2019-2035 (Usd Million)
Table 12 Eastern Canada Turbines Market, By Product, 2019-2035 (Usd Million)
Table 13 Eastern Canada Turbines Market, By Application, 2019-2035 (Usd Million)
Table 14 Eastern Canada Turbines Market, By End User, 2019-2035 (Usd Million)
Table 15 Comparative Analysis: Key Players Financial
Table 16 Strategic Partnership, Product Innovation, Strategic Investment & Expansion
Table 17 Acquisition
Table 18 Vestas: Products Offered
Table 19 Siemens Energy: Products Offered
Table 20 Siemens Energy: Key Developments
Table 21 Enercon: Products Offered
Table 22 Enercon: Key Developments
Table 23 Ge Vernova Inc.: Products Offered
Table 24 Ge Vernova Inc.: Key Developments
Table 25 Caterpillar Inc.: Products Offered
Table 26 Nordex Se: Products Offered
Table 27 Nordex Se: Key Developments
Table 28 Rolls-royce Plc: Products Offered
Table 29 Mitsubishi Heavy Industries.: Products Offered
Table 30 Norcan Hydraulic Turbine Inc.: Products Offered
Table 31 Canadian Hydro Components Ltd.: Products Offered
List Of Figures
Figure 1 Northeastern Us & Eastern Canada Turbines Market Snapshot, 2024
Figure 2 Northeastern Us & Eastern Canada Turbines Market: Structure
Figure 3 Northeastern Us & Eastern Canada Turbines Market: Market Growth Factor Analysis (2019-2035)
Figure 4 New York Net Electricity Generation By Rnewable Source In February 2025 (In Thousand Mwh)
Figure 5 Driver Impact Analysis (2024-2035)
Figure 6 Challenge Impact Analysis (2024-2035)
Figure 7 Supply Chain: Northeastern Us & Eastern Canada Turbines Market
Figure 8 Porter's Five Forces Analysis Of The Turbines Market
Figure 9 Pestle Analysis: Northeastern Us & Eastern Canada Turbines Market
Figure 1 Northeastern Us And Eastern Canada Turbines Market Major Players Market Share Analysis, 2024 (%)
Figure 2 Competitor Dashboard: Northeastern Us And Eastern Canada Turbines Market
Figure 3 Vestas: Financial Overview Snapshot
Figure 4 Vestas: Swot Analysis
Figure 5 Siemens Energy: Financial Overview Snapshot
Figure 6 Siemens Energy: Swot Analysis
Figure 7 Enercon: Swot Analysis
Figure 8 Ge Vernova Inc.: Financial Overview Snapshot
Figure 9 Ge Vernova Inc.: Swot Analysis
Figure 10 Caterpillar Inc.: Financial Overview Snapshot
Figure 11 Caterpillar Inc.: Swot Analysis
Figure 12 Nordex Se: Financial Overview Snapshot
Figure 13 Nordex Se: Swot Analysis
Figure 14 Rolls-royce Plc: Financial Overview Snapshot
Figure 15 Rolls-royce Plc: Swot Analysis
Figure 16 Mitsubishi Heavy Industries.: Financial Overview Snapshot
Figure 17 Mitsubishi Heavy Industries.: Swot Analysis
Figure 18 Norcan Hydraulic Turbine Inc.: Swot Analysis
Figure 19 Canadian Hydro Components Ltd.: Swot Analysis

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