Vestas, Goldwind, Enercon top 2013
Vestas recaptured its position as the undisputed number-one global turbine manufacturer in 2013, with the US’s GE dropping to fifth place after an extremely weak year for the American wind market, latest figures from BTM show.
China’s Goldwind rose from seventh place in 2012 to global number two – the position that it had previously gained in 2011, propelled by a strong recovery in growth in China, which, with 16.01GW of installations, was the world’s largest market.
Enercon rose to third place in the rankings from number four in 2012, with nearly half of its installations coming from its home market of Germany.
Vestas had 13.1% of the global market, while Goldwind had 11% and Enercon had 9.8%.
Siemens dropped down from third to fourth place, having suffered like GE from the slump in installations in the US, where it traditionally does well.
Gamesa was in sixth behind GE, with strong growth in Latin America making up for the fact it installed only 55MW in its home market of Spain last year.
Indian-owned Suzlon dropped two positions to seventh, with subsidiary Senvion (formerly REpower) notching up good sales, but Suzlon losing ground in its home market of India, and in the US.
China’s United Power maintained its position in eighth position, but BTM notes that it lost more than 25% of market share in its home market in 2013.
Sinovel, formerly China’s biggest OEM and in 2010 second in the world rankings, dropped to 13th place, as its precipitous decline continues.
Ming Yang replaced Sinovel as global number nine, while Nordex entered into the top 10 in 2013, having “successfully focused on core markets, in Europe and emerging markets in Latin America and Africa,” BTM says.
BTM notes that Chinese wind turbine suppliers dominate a the wider group of the top 15 OEMs, holding eight of the places.
Meanwhile, BTM says that the global wind industry added 36.134GW in capacity in 2013, 20% less than in 2012.
This is the first time in eight years that the market has seen a year on year decline.
“The aftermath of the 2008 financial crisis still continues to weigh heavily – particularly on some of the European markets that underpin the industry,” says Feng Zhao, research director with Navigant Research.
“The US market decline, triggered by lack of policy consistency and the delay in renewing the tax credits which have traditionally stimulated investment, was also a major contributing factor for the wind market depression last year.”
“The aftermath of the 2008 financial crisis still continues to weigh heavily – particularly on the European markets that underpin the industry,” notes BTM, adding: “The US market decline, triggered by lack of policy consistency and a failure to renew the tax credits, which have traditionally stimulated investment, was also a major contributing factor for the wind market depression last year."
Installations in the US dropped by 93% due to the failure of congress to renew the PTC in time to impact the 2013 market, and accounted for 13.1% of the global market, down from 35.2% in 2012.
Asia had a strong year, with with 19.7% growth and a 51% share of yearly global installations, propelled by a strong recovery in China. Europe held its second place position among world wind power regions, with 32% of all new installations in 2013, up from 28.5% in 2012.
Along with other analysts, BTM predicts a significant recovery in the coming years, with annual installations growing by an average of 9% per year between 2013-2018 and an average growth in cumulative installations of 12.1%.