Extract: Global wind turbine OEMs 2020 market share

Market report
Shashi Barla | 31st March 2021

Trusted Intelligence woodmac.com

Global wind turbine OEMs 2020 market share woodmac.com

Contents of the full report

1. Methodology 2
2. Global overview (annual) 5
3. Global overview (annual) – Onshore vs. offshore 12
4. Global overview (annual) – Top 10 OEMs, excluding China 15
5. Global overview (cumulative) 17
6. Americas overview 19
7. North America analysis 22
8. Latin America analysis 25
9. Europe, the Middle East and Africa overview 28
10. Analysis of Europe, Russia and the Caspian 31
11.Middle East and Africa analysis 39
12.Asia Pacific overview 42
13.China analysis 45
14.Asia Pacific excluding China overview 47
15.Asia Pacific excluding China analysis 49

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Global wind turbine OEMs 2020 market share woodmac.com

In this extract:

1. Chart: Global top 15 OEMs: Market engagement 2

2. Chart: Global top 15 OEMs: Regional engagement 2020 (GW) 5
3. Charts: Market share by region 12
4. Charts: Historical changes in new capacity market share (by region) 15

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Global wind turbine OEMs 2020 market share woodmac.com

The global pandemic had little impact on the industry as OEMs installed turbines
across 50 markets globally, demonstrating the supply chain strength and maturity
Global top 15 OEMs: Market engagement Global top 15 OEMs: Regional engagement 2020 (GW)
GW 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
EU OEM CN OEM US OEM
18 Vestas

Goldwind
16
Goldwind Vestas GE

14 Envision
SGRE
12 GE MingYang

Envision SEwind
10
Nordex

8 SGRE Windey
MingYang CRRC
6 SEwind DEC
CRRC Nordex
CSIC
4 DEC Windey
CSIC SANY SANY
2 United Power Enercon Enercon
United Power
0
0 5 10 15 20 25 30 35 40

= Cumulative GW thru 2020 # countries served in 2020 EMEARC AMER APAC

Note: Note: Y-axis refers to 2019 new added capacity (GW); numbers in circles correspond to turbine OEM global ranking; number of markets served indicates number of countries, with onshore and offshore for one country
considered one market.
Source: Wood Mackenzie 3
Global wind turbine OEMs 2020 market share woodmac.com

Vestas added record capacity in all three regions, followed by GE in AMER and
APAC, Nordex in AMER and EMEARC
AMER market share, 2020 (GW) EMEARC market share, 2020 (GW) APAC market share, 2020 (GW)
Goldwind 12.7
GE 9.0 Vestas 4.9
Envision 10.2

SGRE 4.4 Mingyang 5.4

Vestas 7.8
SEwind 5.2

Nordex 2.4 Windey 4.2

SGRE 2.8
CRRC 4.1
Enercon 2.0
DEC 4.0
Nordex 2.4
CSIC 3.9
GE 1.5
SANY 3.8
Goldwind 0.5
MHI Vestas 1.0 Vestas 2.7

United Power 2.0

Envision 0.1
Senvion 0.1 GE 1.5

SGRE 1.1
Enercon 0.1 Others 0.5
Others 2.8

Source: Wood Mackenzie 4

Global wind turbine OEMs 2020 market share woodmac.com

Historical changes in new capacity market share (by region)

Americas market share EMEARC market share Asia-Pacific market share

(%) (%) (%)
45 35 28
26
40
30 24
35 22
25 20
30
18
25 20 16
14
20 15 12
10
15
10 8
10 6
5 4
5
2
0 0 0
’10 11 ’12 ’13 ’14 ’15 ’16 ’17 ’18 ’19 20 ’10 11 ’12 ’13 ’14 ’15 ’16 ’17 ’18 ’19 20 ’10 11 ’12 ’13 ’14 ’15 ’16 ’17 ’18 ’19 20

GE Nordex Vestas Enercon Goldwind Windey

Vestas Goldwind SGRE GE Envision CRRC
SGRE Nordex MHI Vestas MingYang DEC
Note: Chinese turbine OEMs based on installed capacity.
Source: Wood Mackenzie SEwind CSIC 5
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E W A B LOEMs
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Related Research
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• Tectonic shift: China’s world-changing push for energy independence

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