Vestas returns to the top of the WTG rankings

4 April 2019

Vestas Wind Systems has re-established itself as the leading manufacturer for wind turbines with over 10 GW of global installations in 2018, according to GlobalData, the data and analytics company. 10 GW represents a 19.6% market share,

According to Vestas, a high level of project commissioning in Americas, Europe, and steady installation activity in Asia-Pacific has helped the company to exceed the 10 GW mark for the first time.

In second position was China¹s Xinjiang Goldwind Science & Technology Co., Ltd. with over 7 GW of installations, representing a 13.7% share of annual installations globally.  Goldwind maintained its leading position in the domestic market with over 6 GW of installations in China.

Ankit Mathur, practice head of power at GlobalData, commented, “Siemens Gamesa,  which topped the 2017 ranking is currently occupying third position. SGRE installed 6.1 GW, with 11.8% share, … in … 2018. The fall, from 9.4 GW in 2017 to 6.1G W is mainly attributed to a large number of turbines delivered to projects that are still under construction and expected to come online in 2019-20.”   

GE Renewable Energy remained in the same position, with over 5 GW of turbine installations in 2018. GE stated that its limited growth was due to pricing pressure, a shrinking domestic market and an unfavourable business mix.

Envision Energy Limited occupied fifth place in the ranking, moving up two places, with 3.7GW of installations, representing 7.2% of the share. It keeps its place at number two in the domestic Chinese market. 

Mathur added: “The top five turbine manufacturers accounted for nearly 62 % of the total installed capacity in 2018, up almost 5 % on the previous year. On average, the wind market is likely to install 59 GW of wind capacity annually until 2023. Consistent growth will come from mature markets in the US and Europe, whilst additional growth is estimated to be driven by the global offshore market and developing markets in South East Asia and the MENA region.”

 



Linkedin Linkedin   
Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.