Wind turbine manufacturers ranked by revenue 2022

In 2022, Vestas, headquartered in Denmark, generated the highest revenues among wind turbine manufacturer in the world at approximately 15.2 billion U.S. dollars. It also held the largest global market share among the world’s leading wind turbine nacelle manufacturers that year with roughly 13 percent. 

Wind turbine power in China

In 2023, China led the way with a remarkable number of new installations increasing the country’s wind power capacity, and by far exceeding other front-runners like the United States and Brazil. The rapid growth of the Chinese market for wind energy is indicated by the high revenues, although many Chinese companies still focus mostly only on the domestic market. Goldwind holds one of the largest global market shares of wind component manufacturing worldwide.

International versus domestic markets

While even the largest Chinese wind turbine companies mostly operate on a national level, the Danish company Vestas maintains its large percentage of global market share due to its international profile. Vestas delivers wind turbines to neighboring countries as well as overseas, with the United States receiving the highest amount of deliveries by far in 2023.