Wind energy will supply 2.26% of the world’s electricity in 2012 and 8% by 2021, according to BTM’s lastest market research on the industry. It supplies almost 7% of Europe’s electricity.
Which are the leading wind turbine manufacturers around the world?
After all these years, Vestas (VWS.CO) maintains its lead as the top wind manufacturer with a 12.9% market share, but that percentage shrinks each year.
Number 2 is China’s Xinjiang Goldwind Science (HKG:2208), better known as Goldwind, with 9.4%, followed by General Electric (NYSE: GE) with 8.8%, Spain’s Gamesa (ETR:GTQ1) with 8.2% and privately held Enercon at 7.9%.
Four of the top 10 wind manufacturers are now based in China.
In January, Vestas said it would 10% of its staff (2,335 jobs) and shut down a factory to compete with the Chinese. And 1600 jobs in the US are at risk if the wind tax credit expires.
|
Company |
Country |
% Market Share 2011 |
% 2010 |
|
Vestas |
Denmark |
12.9 |
14.8 |
|
Goldwind |
China |
9.4 |
9.5 |
|
GE |
US |
8.8 |
9.6 |
|
Gamesa |
Spain |
8.2 |
6.6 |
|
Enercon |
Germany |
7.9 |
7.2 |
|
Suzlon |
India |
7.7 |
6.9 |
|
Sinovel |
China |
7.3 |
11.1 |
|
United Power |
China |
7.1 |
4.2 |
|
Siemens |
Germany |
6.3 |
5.9 |
|
Mingyang |
China |
2.9 |
NA |
|
Others |
21.5 |
20.9 |
World Wind Growth
Worldwide, the wind industry added a record 41.7 gigawatts (GW) in 2011, for a total capacity of 241 GW.
China, now the largest market, added 17.6 GW, followed by the US with 6.8 GW, India with 3.3 GW, and Germany with just over 2 GW.
"The most significant change in the supply market is the strong growth of Chinese wind turbine suppliers," says BTM.
Europe, which installed over half the world’s wind capacity five years ago, dropped to 24.5% because of the recession-induced drop in incentives which has shaken investor confidence.
That share should increase, however, as its ambitious program for offshore wind expands.
Industry Growth 2012-2016
Because of the EU situation, BTM lowered its cumulative forecast for the next five years by 14%.
At the expected 10% annual growth, revised down from 15.5%, 270 GW would be added by 2016.
"It is the first time that the annual growth rate has been
revised downwards by more than 5 percentage points," says BTM.
That means the industry’s market value will grow from €52.2 billion in 2011 to €86.3 billion in 2016.
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Get more details on the wind industry’s growth in 2011:
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