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Vestas retakes OEM crown in 2018 - GlobalData

The V136-3.45 MW turbine. Source: Vestas Wind Systems (www.vestas.com).

March 28 (Renewables Now) - Denmark’s Vestas Wind Systems A/S (CPH:VWS) has returned to the top of the wind turbine market when it comes to annual installations, having installed more than 10 GW in 2018, GlobalData announced today.

With a market share of 19.6%, Vestas has dethroned Siemens Gamesa Renewable Energy SA (BME:SGRE), which in turn dropped to the third position with 6.1 GW and an 11.8% share of the market. The runner-up was China’s Xinjiang Goldwind Science & Tech Co Ltd (HKG:2208) with over 7 GW and a 13.7% share.

The table below shows the top 10 for 2018, with preliminary results based on the initial assessment of the installations. GlobalData notes that the Vestas figures do not ake into consideration the capacity installed by joint venture MHI Vestas Offshore Wind.

Position Name Change vs 2017 Installations in 2017 (GW) Installations in 2018 (GW) Market share in 2018 (%)
1. Vestas Wind Systems A/S +1 7.5 10 19.6
2. Xinjiang Goldwind Science & Technology Co Ltd +1 5.7 7 13.7
3. Siemens Gamesa Renewable Energy SA -3 8.6 6.1 11.8
4. GE Renewable Energy - 4.8 5.1 9.9
5. Envision Energy Ltd +2 2.8 3.7 7.2
6. China Ming Yang Wind Power Group Ltd +5 1.2 2.5 4.9
7. Enercon GmbH -2 3.8 2.5 4.8
8. Nordex SE -2 3.1 2.4 4.7
9. Guodian United Power Technology Co Ltd +1 1.3 1.3 2.5
10. Shanghai Electric Wind Power Equipment Co Ltd +2 1.1 1.1 2.1

Vestas itself attributes its success to a high level of project commissioning in the Americas and Europe, as well as steady installation activity in the Asia-Pacific region. Ankit Mathur, Practice Head of Power at GlobalData, believes that the Danish company should now focus on expanding in big markets other than Europe and the US.

Mathur explained Siemens Gamesa’s fall to the third position with the large number of turbines delivered to wind farms still under construction, which are seen to enter into service in 2019-2020.

“The top five turbine manufacturers accounted for nearly 62% of the total installed capacity in 2018, up almost 5% on the previous year. On average, the wind market is likely to install 59 GW of annual wind capacity until 2023,” Mathur said, adding that consistent growth is expected from mature markets in the US and Europe.

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