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Wind turbine manufacturers - global market share 2018

Global market share of the world's leading wind turbine manufacturers in 2018

by T. Wang, last edited Jul 8, 2019
Wind turbine manufacturers - global market share 2018 This statistic ranks the world's leading wind turbine manufactures in 2018, by market share. That year, Denmark-based wind turbine manufacturer Vestas had a global market share of around 20.3 percent.
Global wind turbine manufacturers

Wind power is generated when kinetic energy from wind is converted into mechanical power or electricity. There are two basic wind turbine groups, one with a horizontal axis and one with a vertical axis. Horizontal turbines have two or three blades and operate with their blades facing the wind. Single small turbines can be used for homes, telecommunications dishes, or water pumping. They can also be connected to batteries, solar photovoltaic systems, and diesel generators which are typically used in regions without utility-grid connections.

In 2018, Vestas accounted for 20.3 percent of the world’s market share for wind turbines, while Siemens Gamesa had a market share of 12.3 percent. Vestas generated a revenue of 10.13 billion euros in the 2018 financial year. The Danish company has turbines installed in over 70 countries and recently merged its offshore business with Mitsubishi Heavy Industries to form MHI-Vestas. Large offshore wind installations have become increasingly popular in the United States.

Recently, China’s new wind installations exceeded those of many other countries combined, reaching additional capacity of 19,500 megawatts. In comparison, Germany installed 6,581 megawatts --- the same year. In 2011, Sinovel and Goldwind were two of the largest wind manufacturers in China, totaling approximately 20 percent of the market share each.
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Global market share of the world's leading wind turbine manufacturers in 2018

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