Company Country Market share (pct)
1) Vestas Denmark 12%
2) Sinovel China 11%
3) GE United States 10%
4) Goldwind China 10%
5) Enercon Germany 7%
6) Gamesa Spain 7%
7) Dongfang (DEC) China 7%
8) Suzlon India 6%
9) Siemens Germany 5%
10) United Power China 4%
11) Mingyang China 3%
12) REpower Germany 2%
13) Sewind China 2%
14) Nordex Germany 2%
15) XEMC China 1%
Others 12%
NOTE: German manufactuer REpower is owned by India’s Suzlon.
The remarkable growth in China had a significant impact on global wind power market share positioning as most non-Chinese wind turbines OEMs were unable to capitalize on growth in this wind farm market. This created considerable competition particularly at the top of the rankings where only two percentage points separate the top four wind turbine OEMs. Despite this challenge, Vestas maintained its leading wind turbines market position in 2010 based on the strength of its global install activity.
Chinese turbine manufacturer Sinovel has taken the second place spot in the rankings of global wind power installations, replacing GE according to analysts MAKE Consulting. Fellow Chinese turbine manufacturer Goldwind is now in equal fourth place.
After making a strong entrance into the top five rankings in 2009, Chinese wind turbine OEMs – Sinovel and Goldwind – continued to climb up the rankings and both placed in the top four. Chinese wind turbine OEMs accounted for four of the top ten and seven of the top fifteen wind power positions in the 2010 rankings. For comparison, European wind turbine OEMs held six positions in the top fifteen rankings in 2010.
A 44% drop in new capacity in the U.S. negatively impacted turbine OEMs whose global position depends on success in this market. GE rebounded in the U.S. with a higher market share than in 2009, but market contraction impacted its global position and Sinovel leapfrogged it for the number two position globally.
Siemens recorded a strong year in North America, which helped elevate it to the second position in the U.S. and in Canada. Vestas’s U.S. market share eroded significantly in 2010 due to low order activity in previous years, a trend shared by other turbine OEMs as the market stalled.
The top four turbine manufacturers in Europe held their positions in 2010 with GE making the biggest YoY improvement in the top ten. European turbine OEMs also accounted for 75% of installations offshore in 2010 led by Vestas and Siemens, which boosted their market positions.
Danish wind turbine manufacturer Vestas retained its world-leading market position in 2010 despite fierce competition from Chinese rivals rising up the ranks. Vestas had 12 percent of the global market, which totaled 38 gigawatts of wind turbines in 2010.
"After making a strong entrance into the top five rankings in 2009, Chinese wind turbine OEMs (original equipment manufacturers) — Sinovel and Goldwind — continued to climb up the rankings and both placed in the top four (in 2010)," MAKE said. Sinovel leapfrogged U.S. giant GE for the No. 2 wind turbine manufacture position globally, MAKE Consulting said.
GE slipped to the No. 3 spot, Goldwind was fourth biggest, and Germany’s Enercon rounded out the top five, which were the same five companies that held the five top ranks in 2009. "Chinese wind turbine OEMs continue to shake up the global rankings," MAKE Consulting Managing Director Morten Keller said in a statement. "This trend will likely continue as MAKE estimates that the China market will account for 38 percent of global installations between 2011 and 2016."
Remarkable growth in China had a significant impact on global wind power market share positioning as most non-Chinese wind turbine makers were unable to capitalize on growth in that market, the Denmark-based consultancy said. That created considerable competition particularly at the top of the rankings where only two percentage points separated the top four turbine makers in 2010, according to MAKE, which is one of only a few specialized consultancies who publish an annual ranking of wind turbine makers.
Chinese manufacturers accounted for four of the top 10 and seven of the top 15 positions in the rankings, it said. By comparison, European wind turbine makers held six positions in the top 15 in 2010, it added. New capacity in the U.S. market dropped by 44 percent in 2010, which hit turbine makers whose position depends on success in that market, MAKE said.
"Vestas’s U.S. wind energy market share eroded significantly in 2010 due to low order activity in previous years, a trend shared by other turbine OEMs as the wind power market stalled," MAKE Consulting said. The top four wind turbines manufacturers in Europe held their positions in 2010, with GE making the biggest improvement in the top 10 from the previous year, it said.
European manufacturers accounted for 75 percent of installations offshore in 2010, led by Vestas and German’s Siemens, which improved their market positions, the consultancy said. This Research Note provides analysis and market share ranking of the wind power industry’s leading turbine OEMs. A comprehensive analysis is provided globally, regionally, for the offshore wind power segment, and at the country level for sixteen countries.
