FTI Intelligence released its preliminary rankings for the world’s top five wind turbine original equipment manufacturers (OEMs). Danish manufacturer Vestas held the title as the world’s largest supplier of wind turbines in 2017, due to the Danish supplier’s wide geographic diversification strategy and strong performance in the U.S. market.
Siemens Gamesa ranked second in 2017, primarily due to the recent merger between Siemens Wind Power and Gamesa, its strong position in the offshore sector and India and improved position in the United States, according to preliminary findings from FTI Intelligence.
Chinese supplier Goldwind remains in third position in 2017, despite the share in its home market decreasing another 15 percent in 2017, according to FTI Intelligence research.
GE fell two positions to fourth place, particularly due to the loss in its home market, where Vestas overtook it as the No. 1 supplier for the second year in a row.
Enercon retains fifth place by taking advantage of strong domestic market growth in Germany, where nearly 6.5 GW were installed in 2017, making it a record year.
These rankings will be published in the Global Wind Market Update ― Demand & Supply 2017, which will be released in April 2018. Preliminary results are subject to change between now and the release date of the actual report. The report is part of a series of data-driven market intelligence publications evaluating competitive markets, policy, finance, technology and business models across the energy spectrum.Back to Research