After 2 consecutive years of climbing up the global market share rankings, the Chinese OEMs slipped back down the rankings, according to MAKE Consulting’s Global Wind Turbine OEM 2012 Market Share study.
A 26% decline in Chinese installations and a decline in market share in China from the top 3 leading Chinese OEMs were responsible for the Chinese faltering on the global stage as exemplified by Goldwind dropping from number 2 in 2011 to number 7 in 2012. 2012 rankings also showed that the industry has become more concentrated as the top 5 OEMs commanded 55% of the global market in 2012 versus 45% in 2011, in spite of an increasing number of market players.
Competition for the number 1 spot went down to the wire, but Vestas maintained its position as the world’s largest turbine OEM in 2012 by a narrow 0.9% margin from GE. GE’s record year in the US and growth in emerging EMEA markets were instrumental in moving GE up from global number 5 to number 2, running Vestas very close for market leadership. Vestas would have lost its number one position to GE, had all of GE’s 2012 projects in Brazil been connected to the grid.
Siemens also benefitted from strong growth in the Americas, and maintained its number 3 position in the global wind turbine market and its number 1 position in the global offshore wind sector. Gamesa also had a successful 2012, thanks to a stronger performance in the Asia-Pacific and Americas regions which offset decreased installations in the EMEA market.
MAKE’s Top Ten global wind turbine OEM rankings are as follows:
1. Vestas – 14.6%
2. GE – 13.7%
3. Siemens – 10.8%
4. Gamesa – 8.2%
5. Enercon – 7.8%
6. Suzlon Group – 6.5%
7. Goldwind – 6.2%
8. United Power – 4.5%
9. Sinovel – 2.9%
10. Mingyang – 2.6%
Global Wind Turbine OEM 2012 Market Share report is a 25 page report that provides a comprehensive analysis of the competitive positioning of the world’s leading turbine OEMs from a global, regional and countrywide perspective. The report provides market share analysis for 2011 and 2012 and cumulative installations in the major sub-regions of the Americas, Europe and Asia-Pacific along with analysis of 17 countries across the globe. MAKE’s market share analysis is based upon grid-connected capacity, with the exception of China, which is analysed on the basis of mechanically erected capacity for turbine vendors operating in that market.
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Press release, March 26, 2013; Image: alphaventus