USA: Vestas to Continue Domination in Global Wind Turbine Industry, Report Says

European wind turbine manufacturer Vestas, from Denmark, dominated the global market in 2011, with a market share of 12.7% on the basis of installed capacity, which was 5,054 Megawatts (MW). Looking forward, Vestas will continue to dominate the global wind turbine industry despite stiff competition from emerging Chinese wind turbine manufacturers.

Global Information Inc (GII) has announced new and upcoming reports on the global market for wind turbines from its premium market research partners.

Executives can use the first report to gain an overview of the global wind power market and the wind turbine manufacturing industry; receive information on major wind turbine manufacturing companies; access financial and SWOT analyses of the top ten companies; and gain insight into competing company growth strategies and product offerings.

The second report addresses key questions such as: where and how quickly will the global wind market grow between 2012 and 2025? How are blade, bearings, and gearbox manufacturers positioned to respond to increasing specialization, particularly in the offshore sector? What is the impact of the dramatic reduction in US wind turbine installations on the local and global supply chain?

Top 10 Wind Turbine Manufacturing Companies

The global wind turbine market is a consolidated market of which the top 10 companies account for approximately 80%. European wind turbine manufacturer Vestas, from Denmark, dominated the global market in 2011, with a market share of 12.7% on the basis of installed capacity, which was 5,054 Megawatts (MW). This was however a drop from 2010’s share of 14.8%. Chinese manufacturer Sinovel ranked second with a share of 9% and 2,939 MW of installed capacity.

China is one of the fastest growing wind turbine markets in the world. Annual installed capacity stood at around 18 Gigawatts (GW) in 2011 and cumulative installed capacity at around 63 GW due to the emergence of domestic players such as Sinovel, GoldWind, Guodian United Power and Ming Yang Wind Power. These companies gained a place in the top 10 wind turbine manufacturers’ list for the first time in 2011 and are proving stiff competition to other global players such as GE Energy, Vestas and Suzlon.

This report looks at the major global wind turbine manufacturing companies, including information on their growth strategies, as well as SWOT analyses and information on financial ratios and other areas of finance. It also highlights major product offerings.

Global Wind Turbine Supply Chain Strategies: 2012-2025

This report examines the strategies of leading and emerging turbine manufacturers, the competitive positioning of supply chain players – active in the bearings, blades, gearboxes, generator and power converter segments, and the challenges they face going forward.

The report also analyzes key aspects of the turbine market and including technology trends, system pricing, order flow, product strategies, and production facility expansions.

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Press release, November 27, 2012; Image: Vestas