A new report says that 22,893 wind turbines were installed globally in 2019, produced from 33 suppliers and accounting for more than 63 GW of capacity, a new supply side record in terms of capacity for the industry. That’s according to the Global Wind Energy Council’s (GWEC) “Supply Side Analysis 2019” report.
The report says Vestas continues to hold on to its place as top supplier in 2019, accounting for 18% of all wind turbines installed in 2019, thanks to its global diversification strategy with installations in more than 40 countries. Siemens Gamesa Renewable Energy moved up one position to second place, with the supplier doubling its offshore wind installation in 2019 and expanding its geographic coverage. Goldwind fell one position to third place despite the company increasing its annual installations by 19% in 2019, thanks to an installation rush in its home market of China.
GWEC says market consolidation for turbine suppliers globally is continuing, with the number of suppliers declining from 37 in 2018 to 33 in 2019. At the same time, the top six turbine vendors collectively increased their market share from 70% in 2018 to 72% in 2019. The report says that current trends favor companies that shift from being solely manufacturers to evolving into holistic systems and solution providers to allow for greater market diversification.
Source: Environmental Leader
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