With a market share of 21.5%, the company is the number two OEM in Brazil, one of the most promising wind power regions.
Gamesa, a global technology leader in wind energy, continues to boost its leadership position in the most promising wind energy markets: the company ended 2014 as the top-ranked OEM in India and Mexico and the number two player in Brazil, according to the latest report released by international consultancy BTM Consult.
For the second year in a row, Gamesa ranked as the leading OEM in India last year, widening the gap over its closest rival by increasing its market share from 21% in 2013 to 32% in 2014. The BTM report highlights the Indian market’s growth potential, forecasting steady annual capacity additions of over 3,000 MW to put total capacity at 40 GW by 2019.
Gamesa also held onto the top spot in Mexico, with a market share of 72.6%, and defended its second place in Brazil, thanks to a market share of 21.5%. The report underscores Gamesa’s strong commercial positioning in both markets, which are expected to add over 20 GW of new capacity by 2019. BTM Consult also flags the company’s success in meeting the Brazilian market’s stringent local supply requirements.
The Latin American and Indian markets have emerged as Gamesa’s core growth engines in recent years. In 2014, they accounted for over 60% of the MW sold by the company. These figures further evidence the company’s gradual international expansion in recent years: sales (in MW) outside Spain have gone from accounting for just 5% of the total in 2000 to virtually 100% in 2014.