If anybody wants to enter the wind turbine sector, maybe you’d want to familiarize yourself with who’s leading the global market.
According to Emerging Energy Research (EER), there is plenty of room to spare for wind turbine manufacturer wannabes because of high demand and supply chain backlogs. The current turbine market is dominated by Vestas, GE, Gamesa, Enercon, Suzlon and Siemens accounting for 70% of the market’s turbine installation last year. New competitors that make inroad last year include Sinovel, Dongfang and Clipper, according to the consulting firm.
The battle for wind is expected to intensify this year as local suppliers in the US and China ramp up production while the current recession is expected to slow down investments, says EER research director Keith Hays. Last year’s turbine installation totals to 11 gigawatt more than in 2007, and activated turbines was said to be at 30 gigawatt, almost double the volume compared in 2006.
“Newer entrants gained the most market share in 2008, while established players generally maintained or lost between 0.5% and 2% market share of total MW installed,” says EER. “Increasing market fragmentation in 2008–coupled with construction delays in 2009 due to the global financial crisis–points to an intense market share battle in 2009-2010 as more firms fight for fewer orders.”
EER says China will be less impacted by the recession and local turbine suppliers are expected to increase from the region. Global players such as Vestas, Nordex and Gamesa are expected to maintain their strong foothold in the global market.
Here are their shares in last years installed wind turbine market: