According to MAKE, multi-industrial turbine original equipment manufacturers (OEMs) accounted for 37% of the global market in 2014, an increase of 12 percentage points year over year. All pure-play turbine OEMs in the top 15 lost market share in 2014, except for Chinese turbine OEMs Mingyang and Envision.
The advancement of multi-industrial conglomerates may signal the advent of a long-expected change in the composition of turbine OEM leadership. However, the 2014 rankings were as tight as ever and were certainly impacted by secondary market dynamics.
MAKE's top ten global wind turbine OEM rankings are as follows:
- United Power
The spread between the top three turbine OEMs shrank from 3.9 percentage points in 2013 to 0.7 in 2014, the equivalent of roughly 400 MW, indicating heightened competition and increased importance of emerging market engagement.
MAKE says that Siemens jumped to the top spot in 2014 by maintaining a strong, well-diversified regional footprint and more importantly, by dominating the increasingly important offshore sector. Globally, Siemens captured the first or second position in 80% of the markets it engaged in, resulting in an annual share increase of nearly four percentage points.
GE consolidated its lead in the Americas, securing leadership positioning in the largest markets within the region – the U.S., Canada, Brazil and Mexico – and jumped from fifth to second place in 2014's global rankings. The connection of previously erected – but not yet grid-connected – capacity in Brazil provided a significant boost to the only American turbine OEM in the top 15 ranking.
Vestas fell from first place to third in 2014, relinquishing the top annual position primarily because a large volume of turbines were delivered to the U.S. market but were not connected to the grid in 2014. Nonetheless, the Danish turbine OEM maintains a commanding lead in global cumulative grid-connected capacity.
Eight Chinese turbine OEMs are present in the top 15 ranking, but reliance on domestic growth proved insufficient to dominate the top five. Goldwind added 30% more capacity year over year but dropped from second to fourth position despite having the most diversified footprint of Chinese turbine OEMs.
Goldwind maintained its leadership in China despite losing annual market share to United Power, Mingyang, Envision and XEMC. The latter two Chinese turbine OEMs entered the top 10 ranking in 2014, displacing Nordex and Suzlon Group, which is now ranked independent of Senvion.