MAKE Consulting has released its list of the top 15 global wind turbine suppliers of 2013. According to the report, Vestas has maintained its No. 1 spot, GE has dropped from second to sixth place, and Chinese original equipment manufacturers (OEMs) have secured over half of the top positions.
The top 15 turbine suppliers of 2013, with their respective market shares, are as follows:
1. Vestas – 13.2% (also held the No. 1 spot in MAKE's top 10 list of 2012)
2. Goldwind – 10.3% (up from No. 7 in 2012)
3. Enercon – 10.1% (up from No. 5)
4. Siemens – 8.0% (down from No. 3)
5. Suzlon Group – 6.3% (up from No. 6)
6. GE – 4.9% (down from No. 2)
7. Gamesa – 4.6% (down from No. 4)
8. United Power – 3.9% (same position as in 2012)
9. Mingyang – 3.7% (up from No. 10)
10. Nordex – 3.4% (did not rank in MAKE's 2012 top 10 list)
11. XEMC – 3.2%
12. Envision – 3.1%
13. DEC – 2.3%
14. Sinovel – 2.3% (down from No. 9 in 2012)
15. Sewind – 2.2%
Following a tough 2012, the Chinese market rebounded in 2013, with a 16% year-over-year (YOY) increase in installations. MAKE says this strong year in China – coupled with contraction in Western markets, especially in the U.S. – pushed several Western OEMs down the rankings, as exemplified by GE, whose No. 2 spot was taken by China's Goldwind.
MAKE Consulting's Luke Lewandowski explains why GE fell to sixth place in the rankings.
"GE couldn't overcome the combination of 80 percent less capacity grid-connected in the U.S. and nearly 500 MW of installed-yet-not-grid-connected capacity in Brazil," says Lewandowski. "GE did have a strong year in Asia Pacific, excluding China, but any gain was offset by less capacity connected in Europe YOY.
"It is important to note that even if the capacity not yet connected in Brazil had been added to GE's total, its global position would have remained in sixth place," Lewandowski continues. "Thus, the main story line is the huge drop in U.S. opportunity in 2013. GE needed roughly 1.95 GW of additional grid-connected capacity in 2013 to maintain its second-place position, a possibility in an ordinary year in the U.S."
Despite financial struggles, Vestas maintained its position as the world's largest turbine OEM in 2013, and the company has welcomed the news.
"Vestas has been through a tough two-year turnaround process to return to profitability," says CEO Anders Runevad. "That we simultaneously achieved our financial goals in 2013 and solidified our market leadership is a testament to the strength of the company."
According to the report, the majority of the top 15 OEMs saw market increases, especially Chinese OEMs such as Goldwind and Envision. Although Chinese OEMs experienced a very positive 2013, MAKE says it should be noted that their success was highly dependent on the status of their home market.
Excluding the China market, no Chinese turbine OEMs would have made the global top 10 – a distinction that MAKE says highlights the challenges in competing against established global companies outside of China.
MAKE says the biggest winners from the West were Enercon and Nordex, which secured some of the highest market share gains, boosted by a record year for added capacity in Germany. The report adds that Siemens had a massive lead in the offshore wind sector – reflecting the successful sale of its G4 platform – but struggled in the onshore wind sector, with a 58% decrease YOY in new onshore installations.