The manufacturers, along with others such as Senvion and Gamesa, are set to reap the rewards of growth in emerging wind-power nations, even as momentum in mature markets falters, says Moody’s latest study on the sector.

Matthias Hellstern, a managing director for corporate finance at Moody’s, said: "It is highly likely that new installations will remain flat on 2015's record level, as the industry has matured and governments in many developed markets are reducing new installation targets to cut back subsidies and limit costs for end customers.

"However,