Windpower Engineering & Development

  • Home
  • Articles
    • Most recent posts
    • News
    • Featured
  • Resources
    • Digital issues
    • Podcasts
    • Suppliers
    • Webinars
    • Events
  • Videos
  • 2025 Leadership
    • 2024 Winners
    • 2023 Winners
    • 2022 Winners
  • Magazine
  • Advertise
  • Subscribe

Siemens: Global wind power market to more than quadruple by 2030

By Paul Dvorak | August 29, 2013

siemens

The Siemens turbine pumps out 3.6 MW at its peak. The Company says China is pumping billions into wind power, which is more cost-competitive than solar energy and partly able to compete with coal and gas.

Siemens, the world’s No.3 maker of wind turbines, expects the global wind power market to more than quadruple by 2030, lifted by strong growth in Asia. “The market will shift away from Europe significantly,” Markus Tacke, chief executive of the German company’s Wind Power division, said at a renewable energy conference in Berlin.

He said globally installed wind power capacity would increase to 1,107 GW in 2030 from 273 GW in 2012, with Asia and the Pacific region accounting for more than 47 per cent of the total, up from 34% now.

China is pumping billions into wind power, which is more cost-competitive than solar energy and partly able to compete with coal and gas. Wind power subsidies in most parts of Europe are being slowly scaled back.

The Europe and the Middle East region is still the world’s largest wind market, with a 40% share that will decline to 34% by 2030.

Siemens Wind Power, part of the group’s Energy division, achieved sales of €3.555 billion in the first nine months of Siemens’ fiscal year, down 1% year on year. It accounted for 6.4% of the company’s total sales.

Its profit margin for the period stood at 3.6%, down from 4.7% a year earlier, as the company was forced to book charges because of problems relating to some of its wind turbine rotor blades.

Siemens
www.energy.siemens.com


Filed Under: Construction, News
Tagged With: siemens
 

About The Author

Paul Dvorak

Related Articles Read More >

Equinor launches ECO Liberty service operations vessel for Empire Wind offshore project
Triton Anchor receives U.S. patents for offshore anchor
US government allows Empire Wind offshore project to resume construction
Richardson Electronics to deliver pitch energy modules to TransAlta wind fleets

Podcasts

Wind Spotlight: Looking back at a year of Thrive with ZF Wind Power
See More >

Windpower Engineering & Development Digital Edition Archive

Digital Edition

Explore the full archive of digital issues of Windpower Engineering & Development, presented in a high-quality, user-friendly format. Access current and past editions, clip, share, and download valuable content from the industry’s leading wind power engineering resource.

Windpower Engineering & Development
  • Wind Articles
  • Solar Power World
  • Subscribe to Windpower Engineering
  • About Us/Contact Us

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising

Search Windpower Engineering & Development

  • Home
  • Articles
    • Most recent posts
    • News
    • Featured
  • Resources
    • Digital issues
    • Podcasts
    • Suppliers
    • Webinars
    • Events
  • Videos
  • 2025 Leadership
    • 2024 Winners
    • 2023 Winners
    • 2022 Winners
  • Magazine
  • Advertise
  • Subscribe