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Wind Turbine Manufacturing in Canada Industry Data and Analysis
Wind turbine manufacturers in Canada have experienced a dynamic shift in recent years. Canada is well-suited for generating wind-powered electricity because it has large tracts of land and abundant wind resources. Installed wind power capacity in Canada has grown, aided by federal and provincial government incentives designed to reduce greenhouse gases and promote clean energy. These incentives include tax deductions, investment tax credits, feed-in tariffs and governmental guarantees to purchase wind electricity. Wind turbine manufacturing revenue has surged at a CAGR of 38.8% through the end of 2025, reaching $2.0 billion. This includes an expected moderate increase of 2.3% in 2025. Profit has expanded over recent years as purchase costs cost have come under control.
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What's included in this industry analysis
IBISWorld's research coverage on the Wind Turbine Manufacturing industry in Canada includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released July 2025.
About this industry
What's this industry report about?
The Wind Turbine Manufacturing industry in Canada operates under the NAICS industry code 33361bCA. The Wind Turbine Manufacturing industry in Canada researches, develops and manufactures wind turbines for various uses such as residential, industrial and commercial. Related terms covered in the Wind Turbine Manufacturing industry in Canada include kilowatt hour , ontario's feed-in-tariff (fit) and renewables .
What's included in this industry?
Products and services covered in Wind Turbine Manufacturing industry in Canada include Nacelles, Rotors and Towers and foundations.
What companies are included in this industry?
Companies covered in the Wind Turbine Manufacturing industry in Canada include Enercon Services and GE.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Wind Turbine Manufacturing industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Wind Turbine Manufacturing industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Wind Turbine Manufacturing industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Wind Turbine Manufacturing industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Wind Turbine Manufacturing industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Wind Turbine Manufacturing industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Wind Turbine Manufacturing industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Wind Turbine Manufacturing industry in Canada.
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Frequently Asked Questions
What is the market size of the Wind Turbine Manufacturing industry in Canada in 2026?
The market size of the Wind Turbine Manufacturing industry in Canada is $2.0bn in 2026.
How many businesses are there in the Wind Turbine Manufacturing industry in Canada in 2025?
There are 15 businesses in the Wind Turbine Manufacturing industry in Canada, which has declined at a CAGR of 1.3 % between 2020 and 2025.
How may import tariffs affect the Wind Turbine Manufacturing industry in Canada?
The Wind Turbine Manufacturing industry in Canada is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Wind Turbine Manufacturing industry in Canada?
The Wind Turbine Manufacturing industry in Canada is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Wind Turbine Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Wind Turbine Manufacturing industry in Canada has been growing at a CAGR of 38.8 % between 2020 and 2025.
What is the forecast growth of the Wind Turbine Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Wind Turbine Manufacturing industry in Canada is expected to grow.
What are the biggest companies in the Wind Turbine Manufacturing industry in Canada?
The biggest companies operating in the Wind Turbine Manufacturing industry in Canada are Enercon Services and GE
What does the Wind Turbine Manufacturing industry in Canada include?
Manufacturing wind turbine nacelles and Manufacturing wind turbine blades are part of the Wind Turbine Manufacturing industry in Canada.
Which companies have the highest market share in the Wind Turbine Manufacturing industry in Canada?
The company holding the most market share in the Wind Turbine Manufacturing industry in Canada is Enercon Services.
How competitive is the Wind Turbine Manufacturing industry in Canada?
The level of competition is moderate and increasing in the Wind Turbine Manufacturing industry in Canada.
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