Siemens Gamesa overtook Vestas Wind Systems as top wind turbine manufacturer in 2017, says GlobalData

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Parque eólico marino de SGRE/ SGRE offshore wind farm

Siemens Gamesa Renewable Energy SA (SGRE) claimed the top spot for the wind turbine manufacturing sphere in 2017, managing to install an impressive 9.43 GW and overtaking Vestas, which ranked second with 7.52 GW of installations in 2017, according to GlobalData.

SGRE gained ground with a 26.4% rise over the previous year’s installations, while Vestas saw a 14% fall in installations in the same period. Goldwind came in third, followed by General Electric (GE) – both dropping one place compared to last year – and Enercon was fifth.

GlobalData’s research found that the top five turbine manufacturers accounted for nearly 58% of the total installed capacity in 2017, up almost 7% on the previous year.

Vestas could not hold onto the top spot it attained last year against the synergies and vast geographic spread of SGRE. The company recently released a report exploring the wind turbine market, which stated that Vestas had performed strongly throughout all regions – with particularly high activity levels in Canada, Mexico, Argentina, China, and India. With an all-time high order backlog and increasing offshore activities, Vestas will be aiming to retake the lead in the coming years.

Xinjiang Goldwind Science & Technology Co., Ltd. took third place in the rankings. The company is the largest wind turbine generator (WTG) manufacturer in China for the seventh consecutive year, while its global new installation market share reached 10.4% in 2017. Goldwind reported that it had accelerated innovation and actively expanded the overseas wind power market and offshore wind power market. The group made breakthroughs in six emerging markets, namely Uzbekistan, Turkey, Kazakhstan, the Philippines, Argentina, and Brazil.

Source: GlobalData