Vestas Wind Systems A/S has re-established itself as the leading manufacturer for wind turbines with over 10 GW, or 19.6% share, of global installations in 2018. This is according to new research from GlobalData, a leading data and analytics company.
“Vestas has been among the top wind turbine manufacturers and has grown organically,” said Ankit Mathur, Practice Head of Power at GlobalData. “Having secured its base in the key European and U.S. markets, and a strong product portfolio, the company should now aim for other big markets where it has a minority presence”.
According to Vestas, high level of project commissioning in Americas, Europe, and steady installation activity in Asia-Pacific has aided the company to cross the 10-GW mark for the first time.
In second position was China’s Xinjiang Goldwind Science & Technology Co with over 7 GW of installations, representing around 13.7% share of the annual installations globally. Goldwind maintained its leading position in the domestic market with over 6 GW of installations in China.
“Siemens Gamesa Renewable Energy SA (SGRE), which topped the 2017 ranking fell three places and is currently occupying third position,” said Mathur. “SGRE installed 6.1 GW, with 11.8% share, of the global wind-turbine installations for 2018. The fall in the installed capacity, from 9.4 GW in 2017 to 6.1 GW is mainly attributed to a large number of turbines delivered to projects that are still under construction and expected to come online in 2019 to 2020.”
GE Renewable Energy remained in the same position, with over 5 GW of turbine installations in 2018. The company stated that the limited growth was due to pricing pressure, shrinking domestic market and an unfavorable business mix.
Envision Energy Limited occupied fifth in the ranking, gaining two places compared to 2017’s ranking with around 3.7 GW of installations, representing 7.2% of the share. Envision Energy continues to remain second in the domestic Chinese market.
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