MAKE has published a Research Note that examines the dynamic forces affecting the changes in global turbine OEM market share and analyses the leading turbine OEMs in major wind markets. Here are some of the main findings of this report.
Siemens Gamesa Renewable Energy (SGRE) set a single year record for new capacity globally, claiming the top spot in the world ranking. The ranking confirms the advantage behind the merger, combining Gamesa’s competitive onshore platform, particularly in emerging markets, with Siemens’ dominance in the offshore wind sector. SGRE won the majority of sub-regional rankings, which helped to propel it ahead of Vestas in the global ranking.
Regional diversification and the offshore sector had a significant influence on global positioning in 2017. SGRE and Vestas installed capacity in nearly twice the number of countries than the next OEM, which contributed to at least a 5% advantage for each OEM over the rest of the pack.
An increasingly competitive offshore wind sector was a differentiator for SGRE, and also enabled MHI Vestas to crack the global rankings, a first for an offshore-exclusive OEM. Senvion and several Chinese OEMs, namely SEwind, also leveraged growth in the offshore sector to consolidate their annual positions.
Demand for turbines rated 3 MW or higher influenced global positioning in 2017. This trend had the biggest impact in the Americas, with Vestas and the Nordex Group capitalising on competitive 3 MW models, but it also affected the rankings in Europe, Africa and Asia Pacific excluding China.
A significant decrease in annual capacity in China year-on-year affected the positioning of Chinese turbine OEMs, with only Goldwind placed in the world’s top five. The lack of a global strategy exposed Chinese turbine OEMs to the market downturn in China, eroding their annual market share year-on-year and enabling Western turbine OEMs to maintain a grip on the top 15 market share.