Each spring, Navigant’s annual tally of previous-year wind turbine installation market shares are a closely watched barometer of how all the major wind turbine vendors are progressing in the global marketplace. This analysis is a key part of the 20th annual World Wind Energy Market Update 2015, produced by BTM Consult, a part of Navigant.
Last year was a high water mark for the industry overall, with 25,474 wind turbines installed, representing a record of 51,230 MW. Cumulative installed capacity climbed to 372 GW by the end of the year. China again held the title of the world’s largest annual market with 23.3 GW of new wind power installed in 2014, and Germany remained a distant second with 5.1 GW, followed by the United States with 4.9 GW.
The revival of the U.S. and German markets caused a significant shake-up in the rankings of the world’s top 10 wind turbine suppliers in 2014:
- Vestas remained the No. 1 supplier after strong sales both onshore and offshore.
- Siemens jumped two positions to second in 2014 due to strong sales in the offshore sector and the good shape of the German market. Interestingly, had more planned 2014 offshore wind been fully commissioned and grid-connected, Siemens would have challenged Vestas’ position for the first time in wind power history.
- GE Energy recovered after a renewal of wind tax credit support in its home market in the United States and rose from a ranking of fifth to third in a technical draw with Goldwind. Only 31 MW separate the companies in 2014.
- Goldwind dropped from No. 2 to No. 4 despite its strong performance at home. Its small footprint outside China means it did not benefit from the good year in Germany, Brazil, and the United States.
- Enercon moved down two places to No. 5, as it relies largely on the growth of its home market Germany, in which it supplied nearly 40% of the turbines installed in 2014.
- Suzlon Group rose one position to No. 6, supported by its then subsidiary Senvion (its divestment has just been finalized) and its operations in India. Navigant Research expects that with the division of the group, both Senvion and the remaining part of Suzlon will drop from the top 10 rankings in 2015.
- United Power moved up one position as the world’s No. 7 supplier on the rush to install capacity in China in 2014.
- Gamesa had a strong performance in the Americas and India, which allowed it to remain as one of the top 10 suppliers globally, coming in eighth place for 2014 installations, down from sixth in 2013.
- Ming Yang remained in ninth position in 2014, pulled by the growth of its home market, China.
- Envision crept into last place in the top 10 supplier list in 2014 thanks to the spectacular growth in its home market, becoming the fourth Chinese manufacturer in the top 10 chart. In 2013, Envision was No. 11.
- Nordex had a record year, installing nearly 1.5 GW, up from over 1.2 GW in 2013, when it made it into the last spot in the top 10 group. However, it slipped out of the top 10 ranking based on the huge volume of wind plants installed by the other major vendors, particularly those in China. The next five in line after the top 10, in addition to Nordex, are all Chinese: XEMC, Sewind (Shanghai Electric), Dongfang, and CSIC. Acciona and Alstom are ranked a distant 23rd and 24th.
For more information, see World Wind Energy Market Update 2015.