Make’s Global Wind Turbine Supply Chain 2014 report reveals that the supply of blades, nacelles and gearboxes is approximately 50%, 80% and 90% in excess of global demand, respectively.
However, the report says facility closures and market exits – brought about by volatile demand and intense price competition – have closed the supply-demand gap over the last 12 months.
Make says the divestment of non-core production assets and an increased focus on the higher-margin-yielding operations and maintenance business has allowed several turbine original equipment manufacturers (OEMs) to return to profitability in 2013.
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