Navigant Research Blog

Shares Shift in Global Wind Turbine Market

Jesse Broehl — April 29, 2014

Market shares among the world’s top 10 wind turbine vendors shifted in 2013, as negative conditions in several key markets, particularly the United States and Spain, were not conducive to growth and affected a number of wind turbine vendors exposed in these markets.  In 2013, 19,458 wind turbines were delivered with a combined capacity of 37,478 MW, which is 13.3% lower than the previous year in terms of megawatts supplied.  The turbines were supplied by 62 wind turbine manufacturers last year; of those, 42 companies are from Asia, 18 are from Europe, and two are from North America.  China remained the largest country in terms of the number of vendors supplying wind turbines to the market, followed by India, Germany, and South Korea.

This data, along with the following 2013 market share dynamics, is detailed in the recently released World Market Update 2013 – International Wind Energy Development Forecast 2014-2018.

Major market share shifts in 2013 include the following:

  • Vestas recaptured the No. 1 position, after losing the top spot to GE Wind in 2012.  Vestas was the top supplier to Poland, Romania, and Sweden and the second-largest supplier to Germany, Canada, and the United States.
  • Goldwind ascended from No. 7 to No. 2, thanks to its strong performance both at home and in overseas markets.  The Chinese turbine supplier exported 179 wind turbines to seven countries, with 46% of these going to Australia and 25% to Latin America.
  • Enercon moved up one place to No. 3 by relying on the growth of its home market, Germany, in which it supplied nearly half of the turbines installed in 2013.   It was the third-largest supplier to Poland, Sweden, and Romania.
  • Siemens dropped one position to No. 4 in 2013 due to the slump in demand in the United States, where it traditionally performs well.  However, the company retains its position as the world’s largest offshore wind turbine supplier.
  • GE Wind suffered from the late extension of wind tax credit support in its home market, the United States, and dropped to No. 5 from the position it occupied in 2012.  However, it was the largest supplier to Brazil and the fourth-largest supplier to India in 2013.
  • Gamesa maintained the same position it held in 2012, despite installing only 55 MW in its home market of Spain last year.  It performed well elsewhere, particularly in Latin America, where it was the largest supplier to Mexico and Uruguay and the second-largest supplier to Brazil.  In addition, the company was also the largest foreign turbine supplier to India in 2013.
  • Suzlon Group dropped two positions to No. 7.  It was not a bad year for subsidiary Senvion (formerly REpower), but the contraction of Suzlon’s traditionally strong markets, India and the United States, took a toll.  Suzlon Group was the second-largest turbine supplier to the United Kingdom and Poland in 2013.
  • United Power maintained its position as the world’s No. 8 supplier, but the Chinese turbine vendor lost more than 25% market share at home in 2013.
  • Mingyang replaced Sinovel as No. 9 in 2013.  Sinovel continued to suffer in China, its home market, during 2013 and dropped to No. 13.
  • Nordex crept into last place in the top 10 supplier list in 2013, thanks to its focus on the company’s core markets in Europe and emerging markets in Latin America and Africa.  The German supplier has been out of the top 10 since 2010.

(Source: Navigant Research)

 

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