Global market share of wind turbine OEMs 2019

This statistic presents the leading wind turbine original equipment manufacturers (OEMs) in the global market as of 2019, based on market share. During this year, the Danish company, Vestas, held a market share of 15.8 percent.

Global wind turbine manufacturers – additional information

Wind companies in China are dominating the global wind power market. In 2018, the Chinese wind turbine supplier, Goldwind, held about 13.6 percent of the market, while Denmark’s Vestas held about 15.8 percent of the global market share. Goldwind is headquartered in Urumqi, Xinjiang but also employs people all over Asia, Europe, and the Americas. Founded in 1998, Goldwind has quickly expanded into the global market, receiving some 8.25 megawatts of commissioned capacity globally in 2019. Pressure from the Chinese market has prompted wind turbine manufacturers from regions outside of China to increase M&A (merge and acquisition) activities, such as the 2015 merger between Germany’s Nordex and Spain’s Acciona Windpower.

As of 2015, almost 40 percent of globally installed wind energy capacity is located in China and about 14 percent in the United States. Wind energy installations from Chinese companies remain largely within their home markets, while other companies like Vestas, GE Wind, and Gamesa dominate international markets. For example, Gamesa dominated the wind energy market in the Middle East in 2014, accounting for over half of the region’s market share . Chinese companies are expected to increase competition outside of their home market in the near future, driven by beneficial government incentives and subsidies.

Leading wind turbine suppliers globally based on market share in 2019

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Sources

Release date

February 2020

Region

Worldwide

Survey time period

2019

Supplementary notes

Figures were calculated based on the global commissioned capacity of 60.7 gigawatts.

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Statistics on "Vestas"

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