The world's largest wind turbine manufacturers - sales 2017

Wind turbine manufacturers' market share in 2017, based on sales

by Statista Research Department, last edited May 31, 2019
The world's largest wind turbine manufacturers - sales 2017 Based on sales figures, two of the largest wind turbine manufacturers in the world are Vestas and Siemens Gamesa. Both companies have over 16 percent of the global wind turbine market share. As wind energy becomes more common, increased competition has led to manufacturers experiencing a decline in profits despite a higher number of turbine orders. Onshore and offshore wind prices have decreased dramatically due to several factors like technology innovation and scale, low financing costs, and strong industry competition.
Largest wind manufacturers

Vestas Wind Systems (Vestas), headquartered in Aarhus, Denmark, is one of the largest wind companies in the world. The company generated a revenue of about 10 billion euros in the 2018 financial year. Vestas has production facilities located in over 10 countries, including China, Spain, and the United States. For wind companies to stay ahead of the fierce competition within the industry, manufacturers must further refine their operations in order to reduce costs and contributing to consolidation in the wind industry. Vestas spent 229 million euros on research and development in 2018.
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Wind turbine manufacturers' market share in 2017, based on sales

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Market share
Vestas
(Denmark)
16.7%
Siemens Gamesa
(Spain)
16.6%
Goldwind
(China)
10.5%
GE Wind
(U.S.)
7.6%
Enercon
(Germany)
6.6%
Envision
(China)
6%
Nordex Acciona
(Germany)
5.2%
Mingyang
(China)
4.7%
Senvion
(Germany)
3.7%
Suzlon
(India)
2.6%
Market share
Vestas
(Denmark)
16.7%
Siemens Gamesa
(Spain)
16.6%
Goldwind
(China)
10.5%
GE Wind
(U.S.)
7.6%
Enercon
(Germany)
6.6%
Envision
(China)
6%
Nordex Acciona
(Germany)
5.2%
Mingyang
(China)
4.7%
Senvion
(Germany)
3.7%
Suzlon
(India)
2.6%
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by Statista Research Department, last edited May 31, 2019
Based on sales figures, two of the largest wind turbine manufacturers in the world are Vestas and Siemens Gamesa. Both companies have over 16 percent of the global wind turbine market share. As wind energy becomes more common, increased competition has led to manufacturers experiencing a decline in profits despite a higher number of turbine orders. Onshore and offshore wind prices have decreased dramatically due to several factors like technology innovation and scale, low financing costs, and strong industry competition.
Largest wind manufacturers

Vestas Wind Systems (Vestas), headquartered in Aarhus, Denmark, is one of the largest wind companies in the world. The company generated a revenue of about 10 billion euros in the 2018 financial year. Vestas has production facilities located in over 10 countries, including China, Spain, and the United States. For wind companies to stay ahead of the fierce competition within the industry, manufacturers must further refine their operations in order to reduce costs and contributing to consolidation in the wind industry. Vestas spent 229 million euros on research and development in 2018.
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