Vestas Holds Top Spot Among World’s Prominent Turbine Manufacturers: BNEF Report

  • Feb 19, 2020
  • Energetica India

Vestas has reserved the first spot in the list of world’s top 10 onshore turbine makers in 2019 with 9.6 gigawatt (GW) of fully commissioned wind capacity, as per a recent report by BloombergNEF (BNEF).

Spain’s Siemens Gamesa jumped to the second spot in the list, up from last year’s fourth place, with 8.8 GW.

“In spite of losing 4 percentage points of onshore market share Vestas continued to lead the global wind turbine market in 2019 with 9.6 GW of fully commissioned wind capacity of a total of nearly 61 GW,” BNEF said .

It added that about 88 per cent of these were on land.

Chinese installations pushed up Ming Yang, Windey and Dongfang Electric to sixth, seventh and ninth spots, respectively.

Source: BloombergNEF. Notes: Total fully commissioned wind capacity in 2019 was 60.7GW. MHI Vestas capacity is not attributed to Vestas – organisations must own more than 50% of a subsidiary to receive credit. Top ten in 2018: 1) Vestas 2) Goldwind 3) SGRE 4) GE 5) Envision 6) Enercon 7) Ming Yang 8) Nordex 9) Guodian UP 10) MHI Vestas

“Just four manufacturers accounted for 55 per cent of the machines deployed: Vestas, Siemens Gamesa, China’s Goldwind, and General Electric of the US,” the research agency said.

BNEF’s database recorded new wind farms starting full commercial operations in 43 countries.

“2020 is set to be another strong year for installations in China and the U.S., as developers rush to build before subsidies lapse, but uncertainty post-2020 could expose some bigger players unless they diversify to new growth markets,” said Oliver Metcalfe, wind analyst at BNEF and lead author of the report titled ‘2019 Global Wind Turbine Market Shares’.

Tom Harries, head of wind research at BNEF, said, “This bumper year for offshore wind is just the start. If you look past a likely blip in 2020, installations are set to accelerate, breaking the 10 GW-a-year barrier in 2023. This growth outlook has led to intense competition between turbine makers. At the moment, the advantage lies with the manufacturer selling the most powerful turbine.”

Total onshore wind additions in 2019 were 13.3G W in the Americas, 9 GW in Europe and 0.5 MW in Africa and the Middle East, while Asia Pacific accounted for 30.4 GW.

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